Red crypto market today

[Dexion]

The current market situation is indeed unsettling, almost all of them are experiencing a decline in value, there may be several factors that cause this to happen, one of which is that China prohibits financial institutions and payment companies from providing services related to cryptocurrency transactions, and warns investors against speculative currency trading. crypto. Who knows how many thousands of Chinese people will definitely stop doing Crypto trading and this will definitely make a big drop in crypto trading.

[uneng]

The market lost the optimism and investors are fearful to put more money in bitcoin right now. Maybe they are fearful of whales speculators dumping the market, so they want to see how deep bitcoin can reach until they can start investing safely again, from the bottom. If investors keep buying bitcoin at this moment, the price may go down a lot yet, into the 20,000$ range, so these buyers would stay in loss.
When people avoid risks too much a bearish season starts and that is what we are seeing right now. I just hope it doesn't take too long until we see a bull run again.

[laohe628]

The market lost the optimism and investors are fearful to put more money in bitcoin right now. Maybe they are fearful of whales speculators dumping the market, so they want to see how deep bitcoin can reach until they can start investing safely again, from the bottom. If investors keep buying bitcoin at this moment, the price may go down a lot yet, into the 20,000$ range, so these buyers would stay in loss.
When people avoid risks too much a bearish season starts and that is what we are seeing right now. I just hope it doesn't take too long until we see a bull run again.

Yes, the market is bearish can be said to have been obvious, I hope the coming bearish season will not be too long, i am okey if it as usual about 3 years.
I also lost a lot of money during this period and i have stopped my loss.

[apityeh71]

This is normal price action, the price sideaway for a few month after big dumped the market will need more times to go back bullish. Just like when the market dumped in the beginning of pandemic, after that need a few month the market to rebound. If BTC keep stay above $30k, no need to worry about small dump, because this is still support area.

[monineklutak]

This is normal price action, the price sideaway for a few month after big dumped the market will need more times to go back bullish. Just like when the market dumped in the beginning of pandemic, after that need a few month the market to rebound. If BTC keep stay above $30k, no need to worry about small dump, because this is still support area.

$30k is a strong support area, and I also believe that Bitcoin will not be below $ 30k for the second time,
yes, if you look at it from a long term view, Bitcoin is still bullish, and the target can reach a new all time high of more than $ 65k,
the first target can be. at $ 70k to $ 100k, only first resistance is currently at $ 42k and will have to break this resistance to go higher

[dimonstration]

I still learning my crypto-currency Trading, at this moment I haven't traded with real money, but my mentor isn't complain about the current market situation affecting his crypto-currency Trading, and not just him, Alot of traders are making profits now in the bear market.
I think your strategies are not working so well or May be the signals you use.
As for crypto-currency trading it still can be profitable even in the bearish market, am hoping for corrections where necessary and adding the knowledge to my trading career.

Trading skills are needed during this time, others who are depending on their gain by holding are affected by this dump. It will depend on how we strategize during this time to buy more or to trade with other altcoins. As long as we know what we're up to even in following from our mentors, signals, or groups we must have the knowledge to be able to earn n these bear markets.

[ancafe]

well, what I know the cause of the drop in price from $ 64k to the current price is Tesla which is no longer accepting bitcoin, and also China which is banning crypto. this makes it difficult for the price to break through the $40k level. however, I also hope that the price will return to green in the coming June.

[Yatsan]

Well, there are certain factors that affects that market situation and those can vary depending on the situation. Sometimes or rather most of the time, bearish market happens to correct the price to be able to maintain the balance in the market. But on the recent happenings, I have noticed that market changes happens and being affected by the news circulating around just like issues that concerned many people affecting their mood of engagement on the market that somehow affects the price of the cryptocurrencies existing in the market.

[lepbagong]

This is normal price action, the price sideaway for a few month after big dumped the market will need more times to go back bullish. Just like when the market dumped in the beginning of pandemic, after that need a few month the market to rebound. If BTC keep stay above $30k, no need to worry about small dump, because this is still support area.

it looks like the $30K price area is the determination where bitcoin can be seen in the future, if it is still above the price between $30K-$40K then we can be sure this is the price at which bitcoin is stable before moving on to another price so there is still tolerance for bitcoin to increase.

$30k is a strong support area, and I also believe that Bitcoin will not be below $ 30k for the second time,
yes, if you look at it from a long term view, Bitcoin is still bullish, and the target can reach a new all time high of more than $ 65k,
the first target can be. at $ 70k to $ 100k, only first resistance is currently at $ 42k and will have to break this resistance to go higher

I also believe it's the same as your opinion after seeing bitcoin's correction that didn't drop below $30K.
bitcoin is preparing to jump again to get back to their last ATH price before finally making a new move with renewable ATH.
there is still a lot of time available for bitcoin because the forecast is bitcoin will rise high by the end of this year. let it gradually as you say to increase again.

[sumant]

There are different reasons involving in this red crypto market. Some coin has gain a high in sky so investors might pull out from those coins. Every market has to be correction after a long run , But this time market has crashes to some news going around us. Might be cryptocurrency ban news from some country or don't doing regulations can create panic in investors mind and they will pull out.

[sedahan13]

In different kind of market, like stocks, forex or commodities is always consist of these different trend : uptrend, sideaway and downtrend. From my personal prediction, currently market of crypto on sideaway , and then will bounce back and keep uptrend with small correction. This sideaway is usually accumulation phase by whales. I dont know how long this accumulation will go on. Only by patiently we can make money from this market, and while waiting for that we can trade on others market like stocks or forex if we are full trader.

[calandra78]

In different kind of market, like stocks, forex or commodities is always consist of these different trend : uptrend, sideaway and downtrend. From my personal prediction, currently market of crypto on sideaway , and then will bounce back and keep uptrend with small correction. This sideaway is usually accumulation phase by whales. I dont know how long this accumulation will go on. Only by patiently we can make money from this market, and while waiting for that we can trade on others market like stocks or forex if we are full trader.

to be honest you misunderstand if you equate investment markets like forex and others with the crypto market.
If you study the crypto market further you will probably see how the difference is most noticeable.
nowadays there is a game of people with big capital in the crypto market. if we are a small player, we must decide to immediately follow the current market created or decide to exit the market.

[anatolij.shishkin]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

Yes, everything went to hell when one astronaut stopped selling TESLO for cryptocurrency) ... Well, I'm more inclined to believe that he knew the information that China is blocking cryptocurrency and there will be a deal. We are now suffering because of this.

[Gayong88]

Corrections in the market always occur, one of the issues presented is news that creates negative sentiment and sometimes makes market conditions very volatile, especially in the past few weeks. and today the market has shown its performance even though it is not fully as it was last April.

[Vishnu.Reang]

Yes, everything went to hell when one astronaut stopped selling TESLO for cryptocurrency) ... Well, I'm more inclined to believe that he knew the information that China is blocking cryptocurrency and there will be a deal. We are now suffering because of this.

By now, you might have understood that the news about China was pure FUD, without any truth. Every now and then, there will be FUD originating from China, which will crash the markets by 20% or 25%. The Chinese authorities have never taken a favorable stance on cryptocurrency. But from what I understand, there is some level of tolerance, because it brings valuable foreign currency and also contributes to the tax revenue. This state of suspended animation is likely to continue in the near future and I don't really expect any real changes to the cryptocurrency policy from the Chinese government.

[huiji2011]

But today is green crypto market, but just today i think, tomorrow would be another red crypto market again, i think the Bull is over, i have already accepted it. If you look at the price action of Bitcoin, it is clear that the trend is down, see you in three years.

[bison]

Corrections in the market always occur, one of the issues presented is news that creates negative sentiment and sometimes makes market conditions very volatile, especially in the past few weeks. and today the market has shown its performance even though it is not fully as it was last April.

I am a little relieved that today's market conditions are starting to turn green, although not as beautiful as last April as you said, hopefully this is a good signal for the crypto market

[Reatim]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

As this post tackles i think there is enough answer to take from it

https://bitcointalk.org/index.php?topic=5341221.0



all the answers are already there and also for me market is in the phase of hard attacks from whales .

all they want is to bring the market down so they can make tons of money again in buying from the dip.

[yazher]

What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.

This has happened before, I think it was the year 2018 it almost lost red until the end of that year. you guys need to prepare for the worst or take advantage of the recent situation of the market. You are the one to choose which group you want to be with. almost every year this kind of scenario happens and after that, the price will rise again and those who panic are most likely suffered because they sold their crypto assets at a time when the price was not high enough to get some income or to get back their capital.

[2tang]

But today is green crypto market, but just today i think, tomorrow would be another red crypto market again, i think the Bull is over, i have already accepted it. If you look at the price action of Bitcoin, it is clear that the trend is down, see you in three years.

What if the Bitcoin trend goes up again within this month or this year? would you also say see you in three years? because it has been seen that every three years the Bullrun always appears by itself.