The indices that makes bitcoin price

[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.