What happen to bitcoin price?

[pooya87]

For now because of the big panic sell that caused a bigger than normal correction we are in an accumulation phase where price goes sideways. There is also a lot of FUD they have been spreading (some of it new) to prevent the rise from happening sooner than they want it to.

This means if bitcoin stays in this small range for a little bit longer OP may get his wish in seeing some shitcoins get pumped until bitcoin makes its next move and they get dumped again.

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[pilosopotasyo]

You are looking at the price of bitcoin in such a short-sighted manner, if you look over all, the price has got so far and a little price correction didn't hurt anybody. It doesn't really matter if you are bitcoin is going down because in the grand scheme of things, it will eventually go back up.

Why all the buzz when Bitcoin is going down, only those who buy late will complain when the price is going down, but those who long time hodlers and those seasoned investors always knew that the price dip is just a momentum for the price to pick up again in the bull run, 2021 is a new year of bull run and I don't see the price crashing unless we see a scenario worse like the pandemic.

[jaberwock]

For now because of the big panic sell that caused a bigger than normal correction we are in an accumulation phase where price goes sideways. There is also a lot of FUD they have been spreading (some of it new) to prevent the rise from happening sooner than they want it to.

I guess bitcoin is breaching all of the manipulations like how it denied to fall below $52,500 levels. It means its supporting levels around $52k is holding right now too strong which depicts we can see bitcoin market is to be launched toward $58k levels at any time soon.

I am also in favor of witnessing sideways moments for few more days but we are going to end the monthly candle by tonight hence there might be new things to happen from tomorrow onward which may lead to probably a new ATH as well. Getting bounded within ranges is always good because that is basically a launchpad for another round of bullish markets.

[Kittygalore]

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Why all the buzz when Bitcoin is going down, only those who buy late will complain when the price is going down, but those who long time hodlers and those seasoned investors always knew that the price dip is just a momentum for the price to pick up again in the bull run, 2021 is a new year of bull run and I don't see the price crashing unless we see a scenario worse like the pandemic.

Exactly, my hunch is that probably the people who make a big deal out of bitcoin price going down is because it generates clicks and it makes their agenda of making bitcoin look like a bad guy.

[mrjoy15]

You are looking at the price of bitcoin in such a short-sighted manner, if you look over all, the price has got so far and a little price correction didn't hurt anybody. It doesn't really matter if you are bitcoin is going down because in the grand scheme of things, it will eventually go back up.

Nowadays, I don't look at my portfolio so much. I'm not going to check my wallet until BTC hits $70K. Those red or correction won't last forever. Actually this week starts promising after miserable last weeks. I'm trying to compare the situation now and then, it was wise decision to hold. Meanwhile, praying that Biden would not push to tax crypto.

[Coin_trader]

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Why all the buzz when Bitcoin is going down, only those who buy late will complain when the price is going down, but those who long time hodlers and those seasoned investors always knew that the price dip is just a momentum for the price to pick up again in the bull run, 2021 is a new year of bull run and I don't see the price crashing unless we see a scenario worse like the pandemic.

Exactly, my hunch is that probably the people who make a big deal out of bitcoin price going down is because it generates clicks and it makes their agenda of making bitcoin look like a bad guy.

Because people is greedy. They don't notice gain since they want it that's only negative price gives them most of concern. Even Bitcoin price pump more than 100% within a day, People will still enter on the peak because of greediness which results to FOMO. This is a common scenario in crypto and a simple click profit for this kind of news is not that big impact as reason.

[STT]

Its pulling back from the 50 day average but above the 2 day average now, if it can stay above 54240 for the day then this trend positive I think.   I see price action as possibly bottoming out in its retraction from the highs so I'm not certain it is negative or just correcting and consolidating after such a large move, people will take profits from their trades naturally.

[LUCKMCFLY]

The short-term Bitcoin is taking turns of a lot of volatility, many are waiting for the bullish trend of Bitcoin, it is difficult because when they try to push up the bearish ones they do not stop, I do not know if when they make these efforts it is because they are testing the offer at low levels If right now they raise the price to $ 60k or higher, they will be selling a lot, then the bullish trend will not be consolidated as investors want, because the offer will be too much.

This short-term analysis is shown here:

Over the past night, buyers were able to restore the pair to the $53,400 level, but the two-hour EMA55 limited further growth. If the level of average prices turns the pair downward, then the daily minimum can be set in the support area of ​​$51,600.

Source: https://u.today/btc-eth-xrp-and-bnb-price-analysis-for-april-30

[Silberman]

Many bad news about bitcoin last week after Joe Bidden given bad information about crypto exchange now I see many new tweet about Tesla company sell their bitcoin assets about 10%, I don't know this way by Tesla to buy back bitcoin because many people will panic for selling bitcoin right now if really true with information about Tesla sell 10% bitcoin assets in his wallet.

yep but for now its recovery and i heard about tesla sell its only to prove liquidity of hodling bitcoin. i think in the next couple of month they will buy more

Tesla sold? I just come to know about this. I guess must need to check on crypto news portal for knowing better on this. Do you mean that tesla needed to prove that they have invested only into a safe asset like they can get their money back at any time they prefer and for that reason they sold recently? But, their action for proving themselves costed entire crypto space -20%, honestly annoying.

Lately I started hearing various news for the reason of recent correction of bitcoin markets and not sure which had happened first and influenced the most.

That is pretty much it or at least that is the story we are being told, while it is obvious we do not like what happened there is a chance the story is actually true, we must understand that Tesla is the owner of the bitcoins and not Elon, if Elon is truly a long term holder then he could just hold his coins and forget about them, but since those coins belong to Tesla then he needs to listen to his advisers and maybe not everyone is on board about bitcoin and holding for the long term and he had to prove to them he could sell his coins just as easily as he bought them.

[dunfida]

There are rumors that Alibaba bought Bitcoin worth of $20B but it turns out to be just a rumor or just connecting to blockchain https://www.youtube.com/watch?v=MDdCQiuesCQ

What the reason behind on current price increase on Bitcoin? Its really hard to find up some fundamentals that do connects or correlates with the price.

[Kittygalore]

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Because people is greedy. They don't notice gain since they want it that's only negative price gives them most of concern. Even Bitcoin price pump more than 100% within a day, People will still enter on the peak because of greediness which results to FOMO. This is a common scenario in crypto and a simple click profit for this kind of news is not that big impact as reason.

These same people that you are mentioning are probably privileged pieces of shit that do not appreciate the small things that happening and all they ever do is whine about how they are losing money when they could've not panic sell when the price did a temporary drop.

[Dave1]

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Because people is greedy. They don't notice gain since they want it that's only negative price gives them most of concern. Even Bitcoin price pump more than 100% within a day, People will still enter on the peak because of greediness which results to FOMO. This is a common scenario in crypto and a simple click profit for this kind of news is not that big impact as reason.

These same people that you are mentioning are probably privileged pieces of shit that do not appreciate the small things that happening and all they ever do is whine about how they are losing money when they could've not panic sell when the price did a temporary drop.

Those people are going to exists in any market, those that continue to bitch around with the price plummet and the first one to exit because they are in panic mode, afraid to see their portfolio going down.

As far as crypto goess, mostly newbies around, who thinks that bitcoin is a get rich scheme and in every temporary drop will create threads and says that they are nervous and then push the sell button. Hard lessons for them to learn though in this market. Never panic but look at the bright side when the price is going down, - accumulate more.

[fadhilz123]

I don't know why? You are a hero member rank it means you already in this forum for a long time, but your comment and act like a newbie, like a panic people?? Seriously bro, you should not worry about that because Bitcoin will recover as soon as possible. Everything you see the price of bitcoin dump massively,  don't miss to buy

[NeverSop]

The power outage in the most potential place for the mining farm in China, in general it did not bring the pessimism to panic dumping occurred at that time.  On the other hand, it will be the premise for bitcoin to steadily grow and progress exponentially for demand. 

The main reason that could be depressing and the lack for bitcoin price could come from the Vebitcoin exchange, continues to fail in Turkey.  But then bitcoin recovered when it reached 58k, and remains at 56k now.  Sounds good and just needs resilience, bitcoin will go upwards of $ 60k, which can go up slowly or take some time.

[LogitechMouse]

There are rumors that Alibaba bought Bitcoin worth of $20B but it turns out to be just a rumor or just connecting to blockchain https://www.youtube.com/watch?v=MDdCQiuesCQ

What the reason behind on current price increase on Bitcoin? Its really hard to find up some fundamentals that do connects or correlates with the price.

So it turns out that the Alibaba buying Bitcoin is just a rumor then.
But it looks like that it fueled up the upward movement of Bitcoin at least a little bit because right after this rumored has been spread online, it went up IIRC by around $500-$1000.

After all, I think the reason current Bitcoin's surge is the sentiment. They might see $47,000 as the potential short term support thus, people who are patiently waiting the dip finally entered and bought some Bitcoin. With regards to fundamentals, I don't see too some good news to it or maybe the ETH futures affected the price of Bitcoin. Overall, we've seen this many times already that whenever the market becomes bloody the next days will be a greenish market . Easiest profits

[slapper]

There are rumors that Alibaba bought Bitcoin worth of $20B but it turns out to be just a rumor or just connecting to blockchain https://www.youtube.com/watch?v=MDdCQiuesCQ

What the reason behind on current price increase on Bitcoin? Its really hard to find up some fundamentals that do connects or correlates with the price.

So it turns out that the Alibaba buying Bitcoin is just a rumor then.
But it looks like that it fueled up the upward movement of Bitcoin at least a little bit because right after this rumored has been spread online, it went up IIRC by around $500-$1000.

After all, I think the reason current Bitcoin's surge is the sentiment. They might see $47,000 as the potential short term support thus, people who are patiently waiting the dip finally entered and bought some Bitcoin. With regards to fundamentals, I don't see too some good news to it or maybe the ETH futures affected the price of Bitcoin. Overall, we've seen this many times already that whenever the market becomes bloody the next days will be a greenish market . Easiest profits

It is just one of thousands rumors that are fabricated during the uptrend. Some might be true but most turn out to be nonsense. There is a bigger rumor saying that facebook is going to announce that they are holding bitcoin (even Fox News quoted this statement)

The situation of the market is the same as it was in 2017-2018 and now it is a good time to make money not just by bitcoin but by any cryptocurrency. Cause of that reason, bitcoin is bought whenever it has a correction or falls to a new dip

[Ararbermas]

Bitcoin really struggling on this point because when i saw the graph the price now slide down to 58k within weeks.. Just imagine from 60k and now thats the current price.. I don't know if this is already the new support of bitcoin because still makes a long fluctuation than strong uptrend.. This seems gradually losing strength in my opinion.. Unless if it shows a high trend again within this week wherein perhaps there is a potential to go back to the ATH again.

[Silberman]

Bitcoin really struggling on this point because when i saw the graph the price now slide down to 58k within weeks.. Just imagine from 60k and now thats the current price.. I don't know if this is already the new support of bitcoin because still makes a long fluctuation than strong uptrend.. This seems gradually losing strength in my opinion.. Unless if it shows a high trend again within this week wherein perhaps there is a potential to go back to the ATH again.

The price of bitcoin right now is at 58k, I do not think that is what I would call struggling, now I know there was a significant correction some days ago but the price immediately recovered, people need to learn how to relax otherwise they are never going to make it in this market, if you have the goal to become an investor then you need to realize that most of your money is going to be made not when you make an amazing movement to try to earn more money but just by waiting.

[Roidz]

I don't know why? You are a hero member rank it means you already in this forum for a long time, but your comment and act like a newbie, like a panic people?? Seriously bro, you should not worry about that because Bitcoin will recover as soon as possible. Everything you see the price of bitcoin dump massively,  don't miss to buy

panic is a natural thing for humans so we don't need to be related to the rank of someone on this forum, maybe there are certain reasons that make him panic and we don't know what the reason is but for sure every bitcoin market is experiencing a correction tenti will provide an opportunity to some people buy bitcoin at a cheap price, because basically the price of Bitcoin depends on the balance of supply and demand (market law), when bitcoin gets a lot of demand, the price will go up, Vice versa, if supply is high while demand is low then the price will go down, so when a price correction occurs many people are competing to buy bitcoin and it will automatically push the bitcoin price back to the top.

[Roidz92]

I don't know why? You are a hero member rank it means you already in this forum for a long time, but your comment and act like a newbie, like a panic people?? Seriously bro, you should not worry about that because Bitcoin will recover as soon as possible. Everything you see the price of bitcoin dump massively,  don't miss to buy

panic is a natural thing for humans so we don't need to be related to the rank of someone on this forum, maybe there are certain reasons that make him panic and we don't know what the reason is but for sure every bitcoin market is experiencing a correction tenti will provide an opportunity to some people buy bitcoin at a cheap price, because basically the price of Bitcoin depends on the balance of supply and demand (market law), when bitcoin gets a lot of demand, the price will go up, Vice versa, if supply is high while demand is low then the price will go down, so when a price correction occurs many people are competing to buy bitcoin and it will automatically push the bitcoin price back to the top.

wow, i see that my stolen account that i created 5 years ago that you actually own is still active. Good to see. Cheers.