The indices that makes bitcoin price

[RILWAN]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

[1714747893]

1714747893

[1714747893]

1714747893

[1714747893]

1714747893

[1714747893]

1714747893

[1714747893]

1714747893

[MrcMrc]

Since you know the volatility of the cryptocurrency market and anything can happen, I hoped that the El Salvador purchase of over 400 Bitcoin will help increase the price of bitcoin, but reversed is the case.

I think big institutions and companies are selling and buying back at a rapid level.

[GreatArkansas]

First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?

[TravelMug]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Of course, we need to take into account whales suddenly dumping because of some news and TA won't completely capture it. And it's obvious, the market is very unstable and unpredictable so it's hard to predict the price movement, but if you are here for the long term, fundamentals are still strong and you might just want to hold on to your bitcoin so that you will worry less about it's volatility and just cash out if you made big profits already.

[Kittygalore]

First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?

Agree, the only people that complain when the prices go this way are the kimd of people that's in it for the quick buck, they don't think ahead or of the future, they just want the quick profit no matter how small and to be honest, I really like it when this people are getting problematic when the prices go down because they filter themselves out of the market.

[rincoeng1986]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

looks like it wasn't an accident of yesterday's bitcoin price dump. there is an element of willfulness on the part of big investors to fight the rumors that are so viral that bitcoin will break $100k by the end of this year. but yesterday's conditions can kill the character of amateur investors and make them worry. Eventually the market price dumps and they buy again at a low price to get a big profit.

[$crypto$]

First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?

This has happened several times before in cryptocurrencies and this dumping has to become a habit that we have to experience in each of the unexpected.
Yeah but many think it's too soon that in less than an hour bitcoin has slumped back at $46k and of course this will be another correction of the analysis we understood before but we have to be prepared for this.
I still haven't seen any bad news about this decline, but many speculate that it was individual whales trying to tear it down, but we haven't confirmed this yet.

[RILWAN]

First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?

Agree, the only people that complain when the prices go this way are the kimd of people that's in it for the quick buck, they don't think ahead or of the future, they just want the quick profit no matter how small and to be honest, I really like it when this people are getting problematic when the prices go down because they filter themselves out of the market.

What about those that bought when the price was high? They got in at the wrong time and will always want to see the price recover so that there can cover their loss.

Take, for instance, those that bought bitcoin when the price was at 52k level on Monday this week before the market crashed back.

[ipanks]

Some people are responsible for that crash, but I will not think much about them and consider that is a normal correction and still waiting for the next rising. If bitcoin can get down to the lowest price like what we see, the chance to increase higher in the future will be bigger because the investor will not let this chance and will want to buy as many as they can. I am sure many of us are still waiting for the bullish trends coming for bitcoin, and many of us already bought many.

[hugeblack]

Whales are not responsible for all the things that happen in the market, but they may take advantage of these changes in order to make good profits.
What happened yesterday may be a correction to the price and it may change if whales and panic control the market, but whales have no effect on the price, beginning or decreasing.

Bitcoin Market capacity is too high for a small party to control the price.
This may be true for some altcoins.

[Mkmanik]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In the crypto world, this kind of pump and dump is very normal. It's happening and will be happening in the future. I don't blame whales for this dump, It's good for everyone who knows how to take advantage when there is a pump and dump. The people whos are good at trade can able to make money in both ways.

I don't know who is dumping the market right now, maybe institutional investors/whales/or traders who are just booked their profit in this stage. $52k was a big resistance price for Bitcoin, So I think trader just took their profit at this price. There is a huge demand in the $40k to $44k price range. Hope there will be a good pump within a short time.

[decodx]

... with the sudden crash of the price from 52,000 to 46k ...

Man, that's no crash at all, it's like a piece of cake for the crypto community. This is just some 12% correction. Do you expect it to just go up?
A crash would result in a drop of 80-90%, but even after that, Bitcoin would remain strong because we would shake off weak hands, and the drop could be followed by a surge.

[palle11]

now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k

This difference does not matter and should not be called as crash but a drop. A crash is a huge drop that will devastate every one involved in trading or hodling. I think the worrisome thing here is that the drop happened not in a day but just in minutes to an hour. Anyway, the price is beginning to be stable again.

[sunsilk]

Do not be surprised when you see bitcoin drops huge because we've been seeing it pump very fast and the counterpart and equal and balance reaction of it should also be that huge when it drops.

The very good thing about this is that we've seen the drop as soon as possible because if we're still not seeing it yet come. A bigger drop might occur because that's the typical movement of bitcoin when it goes up.

[Johnyz]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

This has been the trend, whales knows how to take profit and we should know that one as well. We can’t say that the whales are the reason for the recent dump, though they can really do that but there’s no evidence to support this speculation. The price dump is normal in Bitcoin, its faster compare to any market so get used to it and don’t panic easily.

[RILWAN]

Do not be surprised when you see bitcoin drops huge because we've been seeing it pump very fast and the counterpart and equal and balance reaction of it should also be that huge when it drops.

The very good thing about this is that we've seen the drop as soon as possible because if we're still not seeing it yet come. A bigger drop might occur because that's the typical movement of bitcoin when it goes up.

I think the highest deep in Bitcoin price has already happened when Bitcoin crashed from above 52k to 45k last week Tuesday; I believe the rest of the month will be more of a recovery phase for Bitcoin.

[sunsilk]

Do not be surprised when you see bitcoin drops huge because we've been seeing it pump very fast and the counterpart and equal and balance reaction of it should also be that huge when it drops.

The very good thing about this is that we've seen the drop as soon as possible because if we're still not seeing it yet come. A bigger drop might occur because that's the typical movement of bitcoin when it goes up.

I think the highest deep in Bitcoin price has already happened when Bitcoin crashed from above 52k to 45k last week Tuesday; I believe the rest of the month will be more of a recovery phase for Bitcoin.

It's not actually the deepest that has happened. There's this, $62k down to $28k-$29k. That was the crash that has happened several months ago and it had thought everybody as likely the start of the bear market.

But well, goodness, it wasn't the start of the bear market because bitcoin still had recovered and eventually pushed back to $50k just this weeks ago.

[Tessnik]

This Bitcoin market action is a steady occurrence if you have been into Bitcoin for a while now you would have been familiar with such market movement that is why one should not risk too much on Bitcoin as its price and market movement is highly unpredictable and at such, you should only invest what you can afford to lose so that when the market price crashed, it will not hurt your emotions and finances. I still remember the January 2018 crash that was the first major Bitcoin crash I witnessed, and it was a horrible experience for many people.

[Poker Player]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Thanks, Captain Obvious.

I believe that this section of the forum, "speculation", is more for entertainment than anything else, as we try to predict the unpredictable. People who have a lot of knowledge and a lot of experience can make predictions with a certain degree of accuracy about what seems most likely, but there are always things that influence the price that we cannot foresee beforehand, such as what happened recently with the miners in China.

[Kong Hey Pakboy]

Some people are responsible for that crash, but I will not think much about them and consider that is a normal correction and still waiting for the next rising. If bitcoin can get down to the lowest price like what we see, the chance to increase higher in the future will be bigger because the investor will not let this chance and will want to buy as many as they can. I am sure many of us are still waiting for the bullish trends coming for bitcoin, and many of us already bought many.

That's the right mindset, if you look at it you can make more profit if you just wait it out. As you've said, the prices are going up and down and it's all normal so as an investor, it's better if you watch out and don't make any rash decisions that will make things much worse.

[Pulsar77]

It is true that sometimes whales are really responsible for a big dump in Bitcoin price. But the recent dump didn't stem from this I think. It was about the high volatility of Bitcoin, nothing more than that. Some people think that US government issued a warning to El Salvador because of their making Bitcoin legal tender. And that's why the price went down very sharply. But I disagree with those people about that the reason could be this.

[Roidz]

It is true that sometimes whales are really responsible for a big dump in Bitcoin price. But the recent dump didn't stem from this I think. It was about the high volatility of Bitcoin, nothing more than that. Some people think that US government issued a warning to El Salvador because of their making Bitcoin legal tender. And that's why the price went down very sharply. But I disagree with those people about that the reason could be this.

I think the whales also have strategies in their trading just like we do, I think the whales also want big returns on their investments, I agree with what you are saying, because it is precisely now that America seems to be starting to try to kill the development of bitcoin by continuing make strict regulators and also they continue to increase their supervision of the movement of crypto currencies which are considered quite wild, speculative, and continue to pressure other countries that are starting to try to adopt bitcoin as El Salvador did.

[XCANA]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

It must not necessarily be the activities of whales that is responsible for for the decline in the market price of Bitcoin but a holistic of individual traders who has taken profit that do make the price of Bitcoin to drop drastically. And I wonder why some of you will not complain anytime Bitcoin market value appreciate upward.

[South Park]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Markets by nature have to be unpredictable, if you could predict what it will happen all the time then you will end up with all the money in that market given enough time, and since that has not happened then the only logical conclusion that we can make is that the markets are unpredictable, that doesn't mean that you can not have a certain idea what they are going to do during the next weeks or months, and you can even make money by trading the markets, but you simply have to get used to this unpredictability and the fact that from time to time investors that have large quantities of coins can manipulate the market if they want.

[Hippocrypto]

What's happening after reaching $52k, was a mere corrections that gives opportunity to new investors as well as long time holders. It's indeed, undeniable that panic seller was presently taking profit from their capitals and we just need to accumulate our holdings while downturn was happening. Don't be panic on this situation, because price won't go into dip below $40k until such time chances for second ATH will commence.

[RILWAN]

What's happening after reaching $52k, was a mere corrections that gives opportunity to new investors as well as long time holders. It's indeed, undeniable that panic seller was presently taking profit from their capitals and we just need to accumulate our holdings while downturn was happening. Don't be panic on this situation, because price won't go into dip below $40k until such time chances for second ATH will commence.

I know the fall hard giving investors another opportunity to buy the deep, which is why the whales are constantly manipulating the market to take advantage of the weak hands who are always panic selling.

[STT]

Bitcoin has some relation to main market index like SP500 in that both are speculative  and reacting to weak currency but there is no direct link apart from Bitcoin being traded by some of the same people.   If SP500 goes down it requires leverage coverage which might mean people close out their BTC leveraged position to cover the SP500.     This is true in general the more an asset is seen as outside the norm or most conservative assets, the greater the volatility and pullback it may experience at times.

[rincoeng1986]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

I can't give an accurate answer, but I can give a statement according to my views on your question. the fact that today bitcoin is in a period of weakness after yesterday's sudden correction from $ 52k down to $ 46k. the correction took investors by surprise, although not too severe but could make investors less confident to survive. but recovery mode is in progress in these two days.

[el kaka22]

Leverage is the only way you could make a proper amount of money if you are a whale. I mean buying bitcoin is still a good investment but it doesn't have that huge volatility in billions for a single investor, even if they are whales it is unlikely, there are 5-10 places/people that may have 1+ billion dollar change (up or down) but at the end of the day we are talking about something that is quite rare because regular investments do not have that kind of change.

So at the end of the day, leverage makes it worthwhile to make that kind of trades, it allows you to make a lot more changes in the quicker term with billions because it could yield huge returns from huge movements with 100x or even as high as 150x leverages.

[Rimueng]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Of course, one of the factors that make the price of bitcoin go up and down is the act of whales. But I think the bitcoin price will show some strength again. This can be seen from the significant number of bitcoins leaving the exchange. Therefore the price of bitcoin will soon return to the $48k to $50k area later this month.

[Slow death]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable

since years this market has always been that way, there were years when panic sales were worse than today

with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

we have to look at the market and realize that if the price today is $43000 and tomorrow it is $50,000 then people who bought in the $43000 will eventually sell and the price will drop to $43000 or less. will always have many buyers or many sellers

[darkangelosme]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Yes dude you're right there is some people who are manipulating Bitcoin or even any other cryptocurrencies, whales is i think also responsible for spreading FUD to people especially those who are in in cryptocurrencies like us, it us up to you on how you deal that FUD and being controlled by someone or what we call big whales.

[Spack17]

The reason of that big dump could really be the whales in this market. Because they were HODLing Bitcoin for some time. And after seeing the price increasing really a lot, maybe they decided to sell a huge amount of Bitcoin. And it caused a big dump in a very short time period. Or it is not related to them and it is just about the volatility. I guess we will never know it certainly.

[rahmatrf331]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Yes dude you're right there is some people who are manipulating Bitcoin or even any other cryptocurrencies, whales is i think also responsible for spreading FUD to people especially those who are in in cryptocurrencies like us, it us up to you on how you deal that FUD and being controlled by someone or what we call big whales.

we can not return the time that has been wasted, where when the price has reached its maximum yesterday at the highest price of $ 52k and you don't take profits and stay focused on waiting for the highest price again, then now it's too late. The best solution is waiting and patiently in the next session.

[jostorres]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Yes dude you're right there is some people who are manipulating Bitcoin or even any other cryptocurrencies, whales is i think also responsible for spreading FUD to people especially those who are in in cryptocurrencies like us, it us up to you on how you deal that FUD and being controlled by someone or what we call big whales.

Manipulating the market has always been a thing. After a while you get used to it and it doesn't bother you like it used to bother me. It gets boring even, because I know that the price should be a lot higher and at this point it is a discount, I know that it could go down even more, and buying right now means you missed out on buying a lot earlier, and that is understandable.

However, it is not a problem for me since I am a long term investor and as long as I end up buying at lower than what it could be, then I am buying an undervalued asset and that is a great investment at any time. It could get a lot more undervalued, but there is a good case that when the bull run starts it could become an overvalued asset as well. So, just keep on grinding and do not care about all those manipulations made by whales.

[South Park]

Leverage is the only way you could make a proper amount of money if you are a whale. I mean buying bitcoin is still a good investment but it doesn't have that huge volatility in billions for a single investor, even if they are whales it is unlikely, there are 5-10 places/people that may have 1+ billion dollar change (up or down) but at the end of the day we are talking about something that is quite rare because regular investments do not have that kind of change.

So at the end of the day, leverage makes it worthwhile to make that kind of trades, it allows you to make a lot more changes in the quicker term with billions because it could yield huge returns from huge movements with 100x or even as high as 150x leverages.

A whale using leverage makes sense as they are already big and they can artificially increase their size many times over and move the market in the way they want by using leverage so you are right there, but your average trader should not use leverage, and this is because they do not have that kind of capital that can move the market on their own, which means they are at the mercy of the markets, and while leverage can help you to make more profits at the same time we know it will increase your chances of suffering massive losses as well.

[Wawa2013]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Yes dude you're right there is some people who are manipulating Bitcoin or even any other cryptocurrencies, whales is i think also responsible for spreading FUD to people especially those who are in in cryptocurrencies like us, it us up to you on how you deal that FUD and being controlled by someone or what we call big whales.

we can not return the time that has been wasted, where when the price has reached its maximum yesterday at the highest price of $ 52k and you don't take profits and stay focused on waiting for the highest price again, then now it's too late. The best solution is waiting and patiently in the next session.

We really won't be able to go back in time, if we miss the opportunity to sell Bitcoin when it reaches the price of $52k. We can do nothing but
be patient and wait for the Bitcoin price to rise again. There's no need to worry, if we look at the history of the movement of Bitcoin. We will know
how deep Bitcoin is going down, it will always come back up again, there is even a possibility of going even higher. Make what is happening now,
be a lesson for us, if we have a profit, immediately sell the Bitcoin that we have. Don't be too greedy and end up delaying selling the Bitcoins that
we have, thus eliminating the opportunity to make a profit.

[StreakW]

In the last week, bitcoin experienced strong selling pressure, forcing it to drop from $52,000 to $45,000. the $45,000 figure means that when the chart hits the ratio there will be a reversal. However, until now bitcoin is still experiencing a correction where the bitcoin price has touched the level of $41k. This also makes alternative coins such as ETH, BNB, etc. also experience a decline. Bitcoin's current position is starting to touch the lowest support point and has shown a decline of 12%.

[bots1]

After continuing some strong uptrends over the past few weeks, Bitcoin appears to be experiencing a strong decline in price now. It's not clear if this trajectory will hold, but given that the famous golden cross has appeared, the market may be on the bearish.

[asrinur]

Do not be surprised when you see bitcoin drops huge because we've been seeing it pump very fast and the counterpart and equal and balance reaction of it should also be that huge when it drops.

The very good thing about this is that we've seen the drop as soon as possible because if we're still not seeing it yet come. A bigger drop might occur because that's the typical movement of bitcoin when it goes up.

I think the highest deep in Bitcoin price has already happened when Bitcoin crashed from above 52k to 45k last week Tuesday; I believe the rest of the month will be more of a recovery phase for Bitcoin.

I see bitcoin's downward trend is still not over. Bitcoin will still fall deeper from its current position. Therefore, the price of bitcoin will slowly fall and will form a dead cat bounce until early next month. I suggest that if you want to invest, it is better to use money that is ready to be lost or funds that are not used for daily needs. You also have to understand that behind a big profit opportunity, there is always a big risk.

[South Park]

After continuing some strong uptrends over the past few weeks, Bitcoin appears to be experiencing a strong decline in price now. It's not clear if this trajectory will hold, but given that the famous golden cross has appeared, the market may be on the bearish.

Right now the price of bitcoin is ranging, it is not going to take a strong direction and it is just going to move between the 40k and the 45k levels, this is not probably what we were expecting now that we are so close to October but it seems this is what we are going to get for some time, but not all is bad, you can take the time to accumulate coins for the time being and even if I know the price is expensive it is going to get much more expensive during the next months so this is a good moment to accumulate some coins.

[STT]

Its not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels be related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

[GeorgeJohn]

That's the reason i always emphasised that bitcoin price can't be predicted because it can come today and tomorrow it falls to the initial point, at the point it started pumping many traders always happy to see the movement accelerating but when it falls no will be happy about its falling except the buyers, so no matter perfect you are in future trading you can never get the price of bitcoin accurately, it's unpredictable unlike human life is unpredictable, so therefore bitcoin can be purchase anytime you decide to purchase or trade,  so waiting for the price to go up or waiting for a perfect predictor, i think it's individual reasoning or thinking of investment.

[BIN-BIN]

After continuing some strong uptrends over the past few weeks, Bitcoin appears to be experiencing a strong decline in price now. It's not clear if this trajectory will hold, but given that the famous golden cross has appeared, the market may be on the bearish.

Judging from the recent happening in Bitcoin price is clear that this season will witness a high level of bull run.
And one of the indices that impacts the Bitcoin price are its adoption and trading activities.

[asrinur]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.

[rahmatrf331]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.

bitcoin has started to improve lately and the market has broken through its highs after a price correction a few months ago. rumors about Chinese FUD not having much of an effect on bitcoin's movements are actually reversed. bitcoin broke through the high price of $57k again and continues to receive strong support from new investors.

[yhiaali3]

Of course, the rules of the game have changed a lot now, it is no longer available for some individuals or whales to manipulate the bitcoin market as before because there are large institutions and companies that entered the game and it became very difficult for a whale or one individual to manipulate the market, of course it is not impossible, but it is much less than before, there are many One of the important factors that affect the price of bitcoin, down or up, is that it is difficult to predict the movement of bitcoin accurately. But of course you can determine whether the general trend is bullish or bearish.

[michellee]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.

It seems the price now is back on the right track and keeps increase although not much. Maybe the price is still affected by China's FUD news, so the price can not still rise fast. If you see the price is down fast and seems to crash, you do not need to panic because we will see that happen many times in the crypto market. Now, the price is struggling to lift price to the next high price and maybe after this, we will see a rally to $60k or more.

[bitgolden]

activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Not just bitcoin market, everywhere manipulations are happening and at the end of the day who are having more influence, might be getting chances to take the market direction in favor of them; it could be individuals like whales are group of individual traders and investors. So, nothing there to blame on bitcoin market just because of its high volatility nature.

If you see the price is down fast and seems to crash, you do not need to panic because we will see that happen many times in the crypto market.

I'm sure that those people who are all into bitcoin markets for years definitely will not get panic when they are watching market crash but at the same time it must be a basic human nature to get panic when their hard earned  money is melting down; I mean bitcoin market will have all types of people (some stay calm always and some may not) still bitcoin got all the power to prove its potential in the end to all of us.

[michellee]

If you see the price is down fast and seems to crash, you do not need to panic because we will see that happen many times in the crypto market.

I'm sure that those people who are all into bitcoin markets for years definitely will not get panic when they are watching market crash but at the same time it must be a basic human nature to get panic when their hard earned  money is melting down; I mean bitcoin market will have all types of people (some stay calm always and some may not) still bitcoin got all the power to prove its potential in the end to all of us.

They will not panic IF they have control over themselves and knowing that volatility is the biggest part of crypto that will always happen day by day. If they can not prevent the panic, then maybe crypto does not match to them and better to leave crypto and do something else.

Yes, we are humans who can panic related to the current situation, but we can take care and handle the panic so that it will not become bigger. But if we see the market in a bullish trend, we become greedy and want to sell at the next higher price. Once again, if we can not control ourselves, we will not sell our coins to profit.

[arufox]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

[rincoeng1986]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.

[perfect999]

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

I strongly believe that the decline in September month got nothing to do with acceptance of El Salvador but that was purely due to China's declaration of all crypto related activities as illegal. Now, bitcoin ETF is about to go live in USA which must be the prime reason why we are again near to ATH and all the above the market sentiment must be another big reason why we are about to have new ATH. Most people are positive about getting into $100k levels and that way bitcoin market started to obey because we are the people who speculate and same people are ones who move the markets.

[RILWAN]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

[palle11]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

[saltomanx1x]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

the bitcoin market I see is very weak and needs strong support in order to break through the latest $67k reset. even though there had been a strong bull run after the launch of the Bitcoin ETF, but after a week there was an immediate market price correction. I don't know what caused the market price correction to occur, causing it to last a long time.

[sana54210]

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

Even I agree with you, we are having more than 24 hours left in this month which must be more than enough time for bitcoin markets and its potential to get into anything around $70k levels. If you have noticed that weekends are known for stronger bullish trend hence anything could happen by this weekend which again may get bitcoin prices to be ending up this months around $70k levels.

All the technical may start in favor of our bullish speculation when some spike do happens. I mean I agree that technical are basic driving force still I have seen many occasions where market force overriding the technical parts. It means to make any indicators to favor reaching $70k just another good rally will be enough. All the indicators are just lagging and may change according to market fluctuations; means nothing final.

[RILWAN]

Of course, the rules of the game have changed a lot now, it is no longer available for some individuals or whales to manipulate the bitcoin market as before because there are large institutions and companies that entered the game and it became very difficult for a whale or one individual to manipulate the market, of course it is not impossible, but it is much less than before, there are many One of the important factors that affect the price of bitcoin, down or up, is that it is difficult to predict the movement of bitcoin accurately. But of course you can determine whether the general trend is bullish or bearish.

I still believes that the total amount of Bitcoin holding also contribute to how influenced it have on the market, be it whale or institution holding. The company percentage are still very minimal compares to individuals who are holding large amount of Bitcoin in they trading accounts.

[Kasabus]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

the bitcoin market I see is very weak and needs strong support in order to break through the latest $67k reset. even though there had been a strong bull run after the launch of the Bitcoin ETF, but after a week there was an immediate market price correction. I don't know what caused the market price correction to occur, causing it to last a long time.

Bitcoin may be bullish this time and could anytime reach an amount higher from its previous ATH but certainly not this month because the market's resistance is not that strong. It needs more strong support from any big and significant news that could impact a big change in the market positively. And with the big whales that are always present to create price correction that could lead to a possible dump, but i think after that the market will gain more strong support that could also lead to a more pump in the market.

[Finestream]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Those who are actually responsible for the conditions that occur in the bitcoin market, there are even times when they make a pattern of decreasing the selling value of bitcoin or what is called a correction, so that this condition is used by them to buy, investors always see opportunities to invest and they can also determine up or down. bitcoin's downturn, realize it or not, that's what they continue to do.

Whales are often more responsible in market's price changes, either dump it or pump the other way around. If they want to make bigger purchases, they will start manipulating the market and cause it to dump so they can have bigger discount in buying those cheap but potential coins.

However, if they want to see the market pumps, there are those positive news that will create significant pumps in the market and will most likely affect the whole crypto market. In this way, if the decide selling their coins, they will gain huge profits especially if they have bought them from the dip and sell them at their new heights.

[asrinur]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.

bitcoin has started to improve lately and the market has broken through its highs after a price correction a few months ago. rumors about Chinese FUD not having much of an effect on bitcoin's movements are actually reversed. bitcoin broke through the high price of $57k again and continues to receive strong support from new investors.

I think bitcoin price conditions have not improved the last few weeks after breaking through the ATH level. Even bitcoin is currently entering a bearish phase because the price is still experiencing a significant correction. I predict the Bitcoin correction trend is not over yet and still has the potential to drop around 10-20 percent from its current price before going up again significantly.

[Silberman]

I think bitcoin price conditions have not improved the last few weeks after breaking through the ATH level. Even bitcoin is currently entering a bearish phase because the price is still experiencing a significant correction. I predict the Bitcoin correction trend is not over yet and still has the potential to drop around 10-20 percent from its current price before going up again significantly.

The support level at 50k is very strong so I am not worried about what we are seeing, I understand that there are some people that would like for the market to begin to grow already, but take this time as an opportunity for buying bitcoin at relatively good prices before the market begins to skyrocket again, now if you do not have cash around then that is problematic as the only thing left to do is to keep holding your coins, but it is better than the alternative of selling them and then have no coins when the price begins to go up.

[justdimin]

The support level at 50k is very strong so I am not worried about what we are seeing, I understand that there are some people that would like for the market to begin to grow already, but take this time as an opportunity for buying bitcoin at relatively good prices before the market begins to skyrocket again, now if you do not have cash around then that is problematic as the only thing left to do is to keep holding your coins, but it is better than the alternative of selling them and then have no coins when the price begins to go up.

I could have said it before as well but we managed to break down under the support level, it does happen and it is not a shock. Realize that bitcoin is something that is volatile and fragile at the same time. That is how we manage to go up a lot in price and that is how we manage to drop a lot at the same time as well. If the support and resistance levels were that much hard to crack, then we wouldn't have months where we go 2x higher, but at the same time we wouldn't be able to fall too much, even though not dropping sounds great, not going up like that is not great at all.

The reality is that we can go up a lot, and we do not care about resistance points, whereas we also do not care about support all that much neither and we drop down a lot. This is why anything could happen, we could be under 50k, we could be over 70k, that is how much volatile we are in the crypto world.

[dezoel]

Surely we could stay cool headed during a period like this, I know that it is not really that easy but these volatile times are the most important days in a crypto traders or investors life. If you keep on buying and selling hectically then you are going to end up with a loss unless you are a veteran trader. A regular trader does it every time, doesn't matter if it is a bull run, doesn't matter if it is a bear run, they do it all the same and they will end up doing it forever, even during turmoil periods like this.

But, what we need to realize is that these people also do not trade during these periods alone, they do it all time AND these periods. If you want to trade just because you see the prices like this, then you will end up with a loss, you either be a trader, or just hold until this period passes so you could trade during calm periods.

[Ararbermas]

Events like this are conditions created by big investors to make bitcoin targets reach the highest price, when prices are unstable they will make massive purchases, so that at a certain time they will sell at high prices, this condition deserves their blame (PAUS ), even big investors have manipulated the market to get the bitcoin price to go as high as possible, only they have that power.

they're known whales in the market, and yes ever since before they're the only reason why market suddenly fell and suddenly makes hypes. Perhaps professional traders only can recognised them where they will gonna make pumps and dumps since they're very knowledgeable when it comes the structure of the market. Just saying because its very unpredictable to honest especially if you're just a simple investor. Now i know why a lot of people telling others to keep learning about crypto market because without knowledge it's like you're dashing money to some whales in the market. 

[arufox]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.

However, after breaking through its highest price level, now the bitcoin price has continued to experience a correction over the past week where the bitcoin price has not rebounded from the $56k level. even many experts think that the current bitcoin market condition has entered a bearish phase.

[darkangelosme]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.

However, after breaking through its highest price level, now the bitcoin price has continued to experience a correction over the past week where the bitcoin price has not rebounded from the $56k level. even many experts think that the current bitcoin market condition has entered a bearish phase.

In my own opinion we must not rely much on charts and in news cause maybe there is some people or whales manipulating that and it can become you a prey, but it is my opinion only as what i have doing in my own trading and so far my instincts never failed me.

[freedomgo]

Surely we could stay cool headed during a period like this, I know that it is not really that easy but these volatile times are the most important days in a crypto traders or investors life. If you keep on buying and selling hectically then you are going to end up with a loss unless you are a veteran trader. A regular trader does it every time, doesn't matter if it is a bull run, doesn't matter if it is a bear run, they do it all the same and they will end up doing it forever, even during turmoil periods like this.

But, what we need to realize is that these people also do not trade during these periods alone, they do it all time AND these periods. If you want to trade just because you see the prices like this, then you will end up with a loss, you either be a trader, or just hold until this period passes so you could trade during calm periods.

With this current market condition, it will be better that we should take a break from trading for a while while the market is very unstable. I guess the best thing we can do for now is just to buy and hodl. If we have more funds this time, wise investors should start buying in times of correction while the price is definitely cheap. What we have at this moment is just a healthy correction, and we are not at the bear season yet. So if we start buying now and then the market recovers, chances are we will start gaining profits for sure.

[STT]

Its neither, people collectively as a crowd will alter pricing.   Its more like sheep in a field then whales in the sea, after all the sea is altered by tides, waves and weather are all bigger then every animal in the sea.    Its maybe a harder concept to grasp then the personalization of market moves to evil men with bags of money who can buy completely every market, most moves come gradually in accumulation even if the price alters rapidly in some moments.