Why the bitcoin market has been dumping so much for months

[HridoyHk_15]

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

[teosanru]

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 74,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

Haha I don't know which world you come from? Bitcoin went from 64 to 29 and then once again went till 69k, it has never gone to 74 as per my knowledge, the thing is market can never be stabilized, because market participants are here to earn and that can only be done when market fluctuates, but eventually market is increasing day by day, in a longer term over these months markets have just grown up.

[passwordnow]

A tornado has been raging in the crypto market for several months.

Zoom out the chart and start only in last year, the market has been bullish since last year.

As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 74,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

It didn't reach $74k yet but we will be there and that's why I'm telling you to zoom out the chart. You've seen the lowest and it's still up from that moment to this moment. The sluggish and plunging is normal after all of these months that it's been pumping, so there's really no need to think of it if you're long term. But as a short term investor, you'll feel worried about it.

[dothebeats]

I don't know if we're viewing the same chart, but it's only 2 or 3 weeks ago wherein bitcoin and other cryptocurrencies started to crash. There isn't any definite reason as to why the dumps happened but since it's been going up for so long, it has to come down eventually. We never really reached $70k just yet, and the peak of this run is just $66k, $8k short of what you are trying to say.

In 2021 alone, we've had a pretty good run, and it's generally bullish if you zoom out the chart. Some slumps occurred here and there but still, we're up by a lot since the start of this year.

[HridoyHk_15]

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 74,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

Haha I don't know which world you come from? Bitcoin went from 64 to 29 and then once again went till 69k, it has never gone to 74 as per my knowledge, the thing is market can never be stabilized, because market participants are here to earn and that can only be done when market fluctuates, but eventually market is increasing day by day, in a longer term over these months markets have just grown up.

Sorry...Sorry...Typing was mistek. It was seven instead of six.

A tornado has been raging in the crypto market for several months.

Zoom out the chart and start only in last year, the market has been bullish since last year.
Okay I understand

As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 74,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

It didn't reach $74k yet but we will be there and that's why I'm telling you to zoom out the chart. You've seen the lowest and it's still up from that moment to this moment. The sluggish and plunging is normal after all of these months that it's been pumping, so there's really no need to think of it if you're long term. But as a short term investor, you'll feel worried about it.

I made a mistake typing. It has been seven instead of six. Sorry. And you are right that there is no reason to worry if it is long term but it is a problem in the short term. But dumps so much that it is beyond imagination?

[franky1]

what you have to realise the ATH (all time high) is not a supported stable price. its a temporary hype bubble that corrects itself

you wrote this topic as if the $64k was a price that was suppose to remain and the drop was the surprise.. you have it backwards the LOW is the expected price and the high is the surprise

what you notice over time is the temporary high spike is testing the roof. and then relaxing. and then slowly the stable lows come up steadily until the lows stay at new risen value, by which when the lows match a old ATH. then a new ATH is tested

take 2014 when $1200 was tested. it then corrected back down, and then slowly rose back up by march 2017. to match the previous ATH, and within 9 months it tested the new high of $20k.. and corrected down. and then slowly rose back up by dec2020 matched previous $20k ATH. and then tested the $64k. and then corrected down to $30k. and slowly rising and eventually when the price can see prolonged rise with the LOWS being at $65k+ stably. then you will see the market move forward to the next goal post

65
                                                    /\
                                                   /  \__/
20                                           __/
                             /\        ___/
                            /  \___/
1.2                   __/
        /\      ___/
       /  \__/
___/

[Ultegra134]

Since when it's been dumping the last few months? It's been bearish for just a couple of weeks now, which is expected, it can't always rise. Let me remind you that the new all-time high of $69.000 was reached exactly a month ago (10/11/2021). There's nothing to worry about, I don't get why everyone is freaking out and complaining about the market's state.

[freedomgo]

Since when it's been dumping the last few months? It's been bearish for just a couple of weeks now, which is expected, it can't always rise. Let me remind you that the new all-time high of $69.000 was reached exactly a month ago (10/11/2021). There's nothing to worry about, I don't get why everyone is freaking out and complaining about the market's state.

I think everyone is freaking out and panicking because they are always expecting for bitcoin to reach new peaks every december, but this year may be quite different.  We will no longer witness bitcoin with its all new all time high if the correction will continue the whole month. But knowing every after correction, a new support level will be reach so it will make the crypto market more interesting. If you zoom it out, we are not yet totally in bearish season so we still have chances left to see bitcoin recovers and starts to set for its new peak. 

[Vaskiy]

The market of bitcoin is getting dumped for the past few weeks. In particular the price dropped and was fluctuating around $48000. Possibly this can drop very low over the coming weeks. The market experienced an all time low of $42000 this year. So, it is on the bearish trend which is supposed to drop down to $40k in the upcoming weeks as the Christmas holidays are falling.

[stomachgrowls]

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

Primary cause?
1. Huge sell off from whales or institutional investors
2. Fud
3. Regulation issues

If you do experience those drops then get used to it.The question is that, you do able to buyback when coins are cheap? Or you had just wasted up the opportunity in doing so?

Not all would really be that positive on doing such move into these times yet you would really be thinking off that this would be might the end of the
market but look at we now? If you have invested and make out some active buy and sells in short time then you had just made out some profits.

[franky1]

Primary cause?
1. the ATH 'price' was just hype, not sustained 'value'. it was never suppose to stay up that high.. yet
2. it peaked too early, and is correcting to where it suppose to be for now. not below $XXk, but less than ATH
3. Huge sell off from whales or institutional investors

corrected that for you

[Dhaniii]

The market of bitcoin is getting dumped for the past few weeks. In particular the price dropped and was fluctuating around $48000. Possibly this can drop very low over the coming weeks. The market experienced an all time low of $42000 this year. So, it is on the bearish trend which is supposed to drop down to $40k in the upcoming weeks as the Christmas holidays are falling.

the bitcoin market is very worrying at the moment and it looks sluggish for asset owners. I see many colleagues have started to lose enthusiasm as the market price fell and became discouraged by the red zone conditions. The market continues to fluctuate as it approaches the Christmas and New Year holidays, is this the main trigger for bitcoin to fall. I am a little worried that the market is getting weaker and the support has started to disappear from investors, could investors be silent and wait for the best moment to invest again when the price is at $40k.

[SquirrelJulietGarden]

I don't know if we're viewing the same chart, but it's only 2 or 3 weeks ago wherein bitcoin and other cryptocurrencies started to crash. There isn't any definite reason as to why the dumps happened but since it's been going up for so long, it has to come down eventually. We never really reached $70k just yet, and the peak of this run is just $66k, $8k short of what you are trying to say.

It's healthy because NPUL now looks better and RSI falls down to very low level. It is combined with on going Supply shock. It is good preparation for something bigger.

In 2021 alone, we've had a pretty good run, and it's generally bullish if you zoom out the chart. Some slumps occurred here and there but still, we're up by a lot since the start of this year.

No matter it is, we might end this year with very good growth compares to the year of 2020. Institutional investors don't simply invested in Bitcoin and let it freely falls.

They have plans to accumulate more Bitcoin and to take profit at high price definitely.

[pooya87]

You need to look at the charts. It hasn't been "for months", it only took about 2 days for bitcoin price to have a drop and then stay there.
Again if you look at the charts you can see that this is a very common pattern each time we have a rise. Price comes down a little, sometimes as a correction, sometimes as a panic sell,... then it enters accumulation phase before it goes back up.

If you also look at the altcoin market you can see that over the long haul they are always dumping so again this is not "for months" it is "for years".

[Ultegra134]

Since when it's been dumping the last few months? It's been bearish for just a couple of weeks now, which is expected, it can't always rise. Let me remind you that the new all-time high of $69.000 was reached exactly a month ago (10/11/2021). There's nothing to worry about, I don't get why everyone is freaking out and complaining about the market's state.

I think everyone is freaking out and panicking because they are always expecting for bitcoin to reach new peaks every december, but this year may be quite different.  We will no longer witness bitcoin with its all new all time high if the correction will continue the whole month. But knowing every after correction, a new support level will be reach so it will make the crypto market more interesting. If you zoom it out, we are not yet totally in bearish season so we still have chances left to see bitcoin recovers and starts to set for its new peak. 

I get your point, last December and the market was bullish reaching new peaks, however, we still have 20 days for the year to end. I don't really bother to be honest, a new all time high was achieved exactly a month ago, while I get people's frustration with FUD, Covid and whales selling, I doubt that there's much to worry about.

[chaser15]

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

It's normal. You have to accept that crypto is volatile right from the start. There's no such thing as a stable market in crypto making it a risky investment. That's why don't expect that once a bull trend happened, it will always be the trend for long.

The good thing about crypto being volatile is, you are not forced to always buy at the top. There's always a chance to buy at lower prices and what you need to do is to act when there's a sudden dip.

[KaliLinux]

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

If you keep looking at smaller time frames you will definitely not see the true picture of where Bitcoins market position is at right now. Yes, we have been having corrections in the market as you can see but I believe we are still on an up trend regardless. It is not possible for the price to continue to go up without a correction but also know that if you are not for the long HODL, you can always take advantage of the fluctuations.

[passwordnow]

It didn't reach $74k yet but we will be there and that's why I'm telling you to zoom out the chart. You've seen the lowest and it's still up from that moment to this moment. The sluggish and plunging is normal after all of these months that it's been pumping, so there's really no need to think of it if you're long term. But as a short term investor, you'll feel worried about it.

I made a mistake typing. It has been seven instead of six. Sorry. And you are right that there is no reason to worry if it is long term but it is a problem in the short term. But dumps so much that it is beyond imagination?

No, it's not, it's usual to bitcoin. You probably haven't seen those large corrections that happened in the past, those corrections were the hardest and really mentally broke a lot of people.
And if you're thinking about these recent corrections, as I've said, you don't have to worry. Do not let the corrections break your plan of going long to bitcoin or even if you're short, just make a position that you're going to sell in profit.

[kryptqnick]

The op sounds very dramatic, but I don't think it's such a big deal that Bitcoin is at $48k rather than $60k right now. The price is still quite high, and I strongly agree with those who are suggesting to zoom out the price charts and look at the bigger picture. Bitcoin  has its upward and downward movements, but overall it's still making progress and tends to fall to a higher price than during the previous falls. It fell almost to $31k on July 21, then almost to $40k on September 20, and now almost to $47k. So even if you examine the bad times when the price is dropping, you can see that overall confidence in Bitcoin and the demand for it is getting stronger.

[Obito]

OP is one greedy SOAB, bitcoin has gone down to 30k this past months so I don't see how you're being pathetically angry that bitcoin is on the red, as if the green days should go forever. Did you bought at the peak that you're being mad about the market dumping?