What happen to bitcoin price?

[YOSHIE]

What we need to know is that Bitcoin is most familiar to people as a crypto currency and the current news that is very significant about the decline in the price of Bitcoin, I think there are other factors that have triggered the decline in the price of Bitcoin in recent times, although currently news about Bitcoin is often associated with Tesla.

If you look at CoinmarketCap, there you will see the massive sale of Bitcoin caused by the 'blackout' In my opinion, in the mining block area of ​​China against Bitcoin, this is also one of the factors that triggered Bitcoin to plummet in the last few days, This is one factor that I know, maybe many others about the Bitcoin price plummeting lately.

[capcaypro]

now bitcoin has a lot of corrections because most of it was over in the market yesterday but if you say the altcoin season I think this is too much if we just take eth sample only. for the next few months I hope bitcoin will rise back to a more stable price and when we know that in the past few months bitcoin is even worse than now, but a few weeks after that bitcoin has risen again.

[isaac_clarke22]

~

Most of them are because of certain celebrities hyping a coin. Some people these days are just worshipping their favorite celebrities.
On the other side, Bitcoin's being adopted to pay some Tesla anyway.

[passwordnow]

I don't think that there's any connection of the sold stocks of Coinbase into its stock market. That's a different market compare to bitcoin's market.

It's concerning part that Bitcoin is dropping, so is the bull run over for Bitcoin? Of course keeps up and down not a new thing, we have had corrections before and we will have corrections again. Big companies already invested millions to BTC and they will bring the price up, won't let down easily.

It is not a concerning thing if it's dropping. Because if it hasn't dropped, it's hard to know when the pump would stop for bitcoin and we're in a guessing game when it shall correct. But with this correction, this gives the entry for the investors and an idea that the upcoming recovery is big.

[BOAEDAN]

Not have the same moment for bitcoin and ethereum price, every time when bitcoin dump just see ethereum back to lower price, but now bitcoin last two days always dump but keep raise up with ethereum price, Maybe have support with ethereum upgrade v2 and make price still on higher, just my opinion and maybe some one else have different with me.

[Rana590]

You have mentioned some possibility issue of dropping the price of bitcoin. In my opinion, it is on correction and for this the price of it is decreasing. I hope within some days, bitcoin will be able to recover its price again.

[Oasisman]

No matter what the reason is, we keep forgetting how volatile Bitcoin is. There is no way Btc keeps on making an upward movement without going down at a certain point.
There are people who would really sell or go short at this current position.
The price is currently $52,000+, and this has been the lowest since March. Of course we're still in a bull market and most importantly the $50,000 remains a strong support.

[Bilgent]

I'm worried about the possibility that we could see another big correction soon. The price has come down to 50k dollars now. If it goes under 50k, I wonder whether it will manage to recover this time.

[cydrix]

Be responsible enough to know that there will be a correction to follow if Bitcoin sometimes gets out of hand . Throughout these year it has given us some large insight on what of bitcoin has become. It is facing a bullish time right now but it's still not the time to buy let it subside much much lower.

[Kelvinid]

It finally going straight down and those who ask for this (bear season) were very happy. But for now, I stand this just for a short market correction considering that we are still above $50k. I was waiting for it drops below its stronghold $50k so I can call it the start of the bear season.

I'd find this not new to the market and this is probably the effect for more investors are now focusing on investing altcoins, NFT, and leaving Bitcoin out of their minds. It eventually has this possible scenario, however, I never feel such worries as I was already prepared and expecting for this everyday.

[rosebrand]

This deep is a correction in the price of bitcoin tho the correction is really going deep, I think no need for panic this is not the first time such correction is going too deep, already most people must have sold in lose in these deep and be happy, to them there think there are lucky cutting thier lost as early as possible but so bad there are  selling at a very low price and willl come back to buy at a higher price when the market must have pumped real good. One thing i notices people don't really appreciate the dump whereby this dump is an opportunity for everyone to make profit because surely prices will bounce back and even hit new Alths.

[slapper]

We are in the alt season now. Money is being withdrawn from bitcoin to be put into alts which cause alt price increase steadily. Ethereum has formed the new ATH and it is promised to increase even more. I just wonder how high the ethereum fee right now. Investors have suffered large fee for many days and now they might be even more frustrated

Bitcoin will soon increase back to the track. I believe the main reason behind this dip is that institutional investors decide to take profit for the end of q1 this year

[CryptoCrookz]

The market situation is still really good. The earlier market crashes were always sharp spikes, and then collapses. Now we are in really flat territory. Also market participants are different, a lot of institutions, who do not move emotionally like retail. The last correction wiped out a lot of leveraged longs which is also good for stability. On top of that all market cycles had 40% market corrections, So we are really not there yet. I feel pretty good about where we're at.

[Lanatsa]

The market situation is still really good. The earlier market crashes were always sharp spikes, and then collapses. Now we are in really flat territory. Also market participants are different, a lot of institutions, who do not move emotionally like retail. The last correction wiped out a lot of leveraged longs which is also good for stability. On top of that all market cycles had 40% market corrections, So we are really not there yet. I feel pretty good about where we're at.

For you but not all people would really be having the same impressions where they do still feel pretty good into the current situation but rather they do freak and panic out.

For market fluctuations then if you do have some experience on how this market works then these scenarios or events wont really surprise you but rather you are already

anticipating for it to happen.We cant just see a market that do really continue to rise up to $100k and keeps breaking new ATH which is impossible.

[verita1]

As always the causes of the fall in the price of bitcoin are not exact.
Coindesk points it out in this article:

While the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors the U.S. Treasury is planning to charge several financial institutions with money laundering using cryptocurrencies.

https://www.google.com/amp/s/www.coindesk.com/bitcoin-price-falls-8k-to-3-week-low-altcoins-crash%3famp=1

What we have to do is keep calm. The price of bitcoin largely depends on our having a good market because even bitcoin has a purpose.
If the most influential men and advocates of bitcoin like Jack and Musk have agreed that bitcoin miners should work hand in hand with firms with renewable energy.
IMO that's one of the main things we need to work on to make bitcoin a solution rather than a problem now that climate change requires urgent attention.

[dansus021]

Bitcoin will be corrected more and it would be a serious one. After correction, it will go with a side way. I expect to see another bull run of bitcoin next two or three months, not sooner. The soonest bull scenario is after 2 more months but my expectation is for after 3 months.

Altcoins:

• I am sure that they will have another bullish time that it will be triggered with the Bitcoin sideway. We have to wait for Bitcoin sideway.
• Altcoins have two generations: old and new. By new I meant about DeFi, NFT tokens and new altcoins that have been launched since 2020. They are risky. You can get 10x, 100x with them but it is gambling.
• Old altcoins: are safer and they will slowly move up. They will slowly make you richer

Damn after recent news with Biden bitcoin dropping again, and the altcoin i see bunch new altcoin trade on BinaneSmartChain, and most of old altcoin already achived new ATH event tho is not pretty much.

It could've been caused by any of those, or all of them altogether. Seriously though, not sure why people are still getting surprised when bitcoin moves significantly in either direction. Are we forgetting that bitcoin has been volatile as hell since forever? And it's not like $54k is a huge drop; we were just at the $40k+ range in March lol like seriously.

One thing I know is that there is currently a correction in the market. the reason is that the market has been in an overbought situation for quite a while. if we put eth aside, some of the other major coins have been losing ground these days. but there is no need to worry as long as you haven't touched the support point, situation is still safe. my prediction bitcoin will fluctuate in the range of 50-60k for the next few months.

yeah maybe its time some correction but because newbie and combined with emotional trader like me, i already lost 350$ on those dip that i hard earned for 2 month+  .

Careful Guys and trade with Caution 

How can you called it a Altcoin Season when you only relying in Ethereum as altcoin? there are thousands of altcoin that needs to make a pump before this can be consider as altcoin season.

and by the Way EtH touch new ATH  and drop again 

i just saw website https://www.blockchaincenter.net/altcoin-season-index/
and combined with this

[LUCKMCFLY]

At times like this where Bitcoin has a fall in many of the news platforms, possible scenarios always come out for which the price falls, many have been costed to know the reason, many believe that it can reach $43k due to the degree of correction that history has shown us as stated by Peter Brandt with a 35% possible correction, however in this article they say other possibilities which causes the strongest correction or fall:

The price drop follows news in the U.S. hours that President Joe Biden was said to propose increasing tax for the wealthy on capital-gains by as much as 100%.

Data from Bybt.com shows nearly $500 million worth-of bitcoin long positions have been liquidated over the past one hour due to the price slump.

Source: https://www.theblockcrypto.com/linked/102690/bitcoin-price-below-50000?utm_source=cryptopanic&utm_medium=rss

It remains to be seen if it is the real reason, everything is purely speculative and anything can happen and can be invalidated, but at least it can give an indication of what may be happening.

[mk4]

yeah maybe its time some correction but because newbie and combined with emotional trader like me, i already lost 350$ on those dip that i hard earned for 2 month+  .

Careful Guys and trade with Caution 

That's bitcoin and the cryptocurrency markets for ya. You really have to expect that huge sudden price movements are always on the table and toughen up a bit and if you want to survive. And that's the risk you always have with trading/investing.

[BOAEDAN]

Today bitcoin dump with bad announcement from Joe Bidden as United State America, I think he want to make bad rule for crypto exchange and get negative respond where many people panic and selling bitcoin, price drastically dump from $60 above and now become under $49k, this bad news and make many people panic for selling assets although have loss much.

[TheGreatPython]

I don’t know for all those that are always trying to make up stories on why the price of bitcoin is going down. People usually do this all the time, they try to look for reasons and then create stories why they think that the market is crashing and then they started spreading the news around. So, we can’t really tell, all we know is that the market is going down and this is not the first time it is happening, it can possibly be that some whales or institutions are selling their coins, and that’s what is causing it or the cause can be something else that led to it. As for the miners, I don’t know anything about it.