Why the bitcoin market has been dumping so much for months

[dunfida]

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%

Volatility is needed when everything seems to have tried to set up a series of fake and fake wicks. Damn, most databases show a solid accumulation of institutional investment conglomerates. The rush to sell that has been dumped despite the completely safe technical signals is untrue. That's clearly a scenario but $42k isn't a bad drop for this year. Hacks are also established. Lol, I think establishing a market sentiment recovery will take time and also a greater chance of getting in this horizontal anchor before getting out of the mud.

This proves out that you shouldnt really rely on technicals most of the time.Sometimes you do need to trust your gut and own analysis basing off with

fundamentals and some other aspects that doesnt really correlate with technicals thats what it makes hard and dealing with unpredictable market.

Market could be on a very long bearish months or years and no one could able to point out on when it would be having those turn of events.

[BuNga_cute]

I think you should goback and look at the Bitcoin charts for the year 2018 to first half of 2020 to understand what dumping it bear market looks like, last one year has been the best year for crypto and yes we have seen BTC dropping to $29k and again crossing the $60k mark and currently trailing under $50k, these are market corrections and usual fluctuations which shouldn't hamper our decision making or invetsment plan. Market will not go in one direction for a longer period of time so we should be prepared for both in order to benefit from pump as well as dump.

We really have a lot to learn from the history of Bitcoin price movements, therefore we will not be confused by the Bitcoin price which fell quite deep.
Bitcoin has been dumped many times before, and can always recover. So people who always question the reason for the Bitcoin dump, meaning these
people do not understand how Bitcoin works. Even Bitcoin has been in a much deeper dump than it is today. When we decide to invest in Bitcoin,
we must be prepared with all the risks that occur. So it is very important to learn a lot of things first about Bitcoin, before finally deciding to invest
in Bitcoin. So that we are ready to face the very volatile Bitcoin price, and will not panic when the price of Bitcoin dumps.

[Vaculin]

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%, today decline was most likely caused by many whales who started to take short-term profits by selling their assets, besides the impact of the new corona virus variant makes people afraid and causes great panic in every aspect of life including the economy, finance and also investment.

The new variant fear is just a short term fud and for sure people almost forget about that but what may cause the current one right now is the fear of people about the possible long days of bear market season which is almost happening this days. Maybe if this fear didn't settle up until the end of this year then maybe we can say that what happen from the past might happen this year and instead of looking at it on negative ways maybe we should think about its good opportunity to buy some cheap bitcoin at hold it for quite long time.

Right. Omicron variant will only cause trouble temporarily but this current condition of the market has developed more fear on part of the investors particularly with newbies. But given that we are still in a long correction, so we should expect that price decline will till be on going. And more likely, although the market looks bearish these days, but i think we are not yet entering the real bear season. If that happens, there will be serious price dumps in the market and all coins will be affected which will make the whole crypto market bloody. But we still don't know when will it hit the market. For now, let's stay calm and think positive that sooner the market will recover again.

[SquallLeonhart]

The new variant fear is just a short term fud and for sure people almost forget about that but what may cause the current one right now is the fear of people about the possible long days of bear market season which is almost happening this days. Maybe if this fear didn't settle up until the end of this year then maybe we can say that what happen from the past might happen this year and instead of looking at it on negative ways maybe we should think about its good opportunity to buy some cheap bitcoin at hold it for quite long time.

100% true. I know that covid is looking a lot better these days and we are going to eventually reach to a "normal life" one day, even though it will not be normal anymore because of all the things that happened left a lasting fear in everyone if nothing else but psychologically. However, that doesn't mean that we are not going to go back to normal life, and if bitcoin goes up or down based on these news, then one day logically speaking it has to go up a lot when the numbers drop significantly.

That is why I believe that these drops do not mean anything if we are not going to skyrocket when the numbers of covid cases drop, or we are fine because it will skyrocket when the numbers go down, either way we are winning.

[btc_angela]

I think you should goback and look at the Bitcoin charts for the year 2018 to first half of 2020 to understand what dumping it bear market looks like, last one year has been the best year for crypto and yes we have seen BTC dropping to $29k and again crossing the $60k mark and currently trailing under $50k, these are market corrections and usual fluctuations which shouldn't hamper our decision making or invetsment plan. Market will not go in one direction for a longer period of time so we should be prepared for both in order to benefit from pump as well as dump.

For those who have been hear in 2017, yeah, this is familiar territory for us as we have seen it before. But majority here are very news and doesn't know what really is happening right now as we are much into the expectations of 6 digits at the end of the year.

And with that said, it's really better to prepare our selves for the worst, perhaps we have seen $68k for now as the all time high, just saying.

[arwin100]

I think you should goback and look at the Bitcoin charts for the year 2018 to first half of 2020 to understand what dumping it bear market looks like, last one year has been the best year for crypto and yes we have seen BTC dropping to $29k and again crossing the $60k mark and currently trailing under $50k, these are market corrections and usual fluctuations which shouldn't hamper our decision making or invetsment plan. Market will not go in one direction for a longer period of time so we should be prepared for both in order to benefit from pump as well as dump.

For those who have been hear in 2017, yeah, this is familiar territory for us as we have seen it before. But majority here are very news and doesn't know what really is happening right now as we are much into the expectations of 6 digits at the end of the year.

And with that said, it's really better to prepare our selves for the worst, perhaps we have seen $68k for now as the all time high, just saying.

Yeah a sort of something like that has been familiar with those guys who experience that year dump and that is quite frustrating that time but for sure majority of the person who experience that month already know that this time will come and already prepared for what we called worse at this point but I do hope that we can't see that scenario this days since it will frustrate many people to and might it will affect the upcoming adoptions.

[AliMan]

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?

Most probably we will have a stable market after the last dump experienced, and as whales took their profit last time I guess it's now time for the regular traders to accumulate on their own. Giving up is not a wise decision, let's follow the trend and go with the waves of cryptocurrency. Nobody wins of we don't embrace the losses.

[romero121]

I think you should goback and look at the Bitcoin charts for the year 2018 to first half of 2020 to understand what dumping it bear market looks like, last one year has been the best year for crypto and yes we have seen BTC dropping to $29k and again crossing the $60k mark and currently trailing under $50k, these are market corrections and usual fluctuations which shouldn't hamper our decision making or invetsment plan. Market will not go in one direction for a longer period of time so we should be prepared for both in order to benefit from pump as well as dump.

For those who have been hear in 2017, yeah, this is familiar territory for us as we have seen it before. But majority here are very news and doesn't know what really is happening right now as we are much into the expectations of 6 digits at the end of the year.

And with that said, it's really better to prepare our selves for the worst, perhaps we have seen $68k for now as the all time high, just saying.

All who experienced the previous bull market of 2017, this doesn't look like a big correction. For users who have been expecting for $100k it is unexpected. Someday this will happen, but with cryptocurrency we need to stay focused with preparations to face the worst scenario as mentioned in the previous post. This will help us withstand at all market situations and make profit. If not we need to have plan B, so to minimize the unexpected loss happening out of correction.

[STT]

It should easily mount a turn around here in this area, both for support, trend and moving averages supporting that possibility.   If we do break below 200 day average and stay there on 4hr bars leading to a weekly close then I expect far more trouble at that point.   51k or above I will be more confident then right now where it deserves some caution

[Renampun]

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?

I'm not very good at analysis but in my view, this phenomenon is a common market correction...

at the end of the year as it is now, the bitcoin price has corrected several times before finally flying and making a new ATH, we have entered the middle of the month and most likely the bitcoin price will rise at the end of this month or early next year.

[South Park]

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 seems to me that you are relatively new to the market, after all while the drops that you are talking about will without a doubt be considered huge in other markets this is something that we have seen a lot of times in this market, so for someone that has been here for long this is nothing new and it is not even a sign to worry about, it is obvious this market is volatile we all know it, but just as there is a negative side to it there is also a positive side, which  means that after each one of those drops you can buy bitcoin and most likely you will obtain great profits that are impossible to obtain in other markets in such a short amount of time.

[ranaprime]

Bitcoin has not yet been legalized in most  of the countries for this reason a slight storm is like breaking but does not. I think it's in the hands of the blue whales now. They can move in any direction they want. But I think crypto education is needed to get rid of it.

[carlfebz2]

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?

I'm not very good at analysis but in my view, this phenomenon is a common market correction...

at the end of the year as it is now, the bitcoin price has corrected several times before finally flying and making a new ATH, we have entered the middle of the month and most likely the bitcoin price will rise at the end of this month or early next year.

When it comes to increase of prices then this is something that cant be known no matter how technicals would be telling it up but it wont really be giving
that precise thing thats why we should really be that keen and wont really be that hopeful or anticipating so that you wont really be ending
up on getting frustrated.

We would really pass up on lots of corrections in the market which you should really be aware of that once you do step your foot into this market.

This is something a typical movement because it cant be called a market if we dont really see these corrections and price movements.

[buwaytress]

It should easily mount a turn around here in this area, both for support, trend and moving averages supporting that possibility.   If we do break below 200 day average and stay there on 4hr bars leading to a weekly close then I expect far more trouble at that point.   51k or above I will be more confident then right now where it deserves some caution

Trusty 200ma hasn't failed me often enough to make me turn away, and the past couple of weeks, despite very disappointing attempts to hold on to gains, I think this time next week we should see where we head -- but not if we also end up neither side (breaking 200ma or above 51k).

Tough to expect retail money to come in and bolster moves up now though with economic conditions everywhere I'm reading just looking more dire.

[ranaprime]

I don't find any specific reason here. Because I know that whenever the market goes up a lot, some news comes and throws it down again. Whatever the news, it has become normal. Now that the current market down trending, I hope shortly it will be regain. Volatility is the nature of the trading market.

[Newlifebtc]

I don't find any specific reason here. Because I know that whenever the market goes up a lot, some news comes and throws it down again. Whatever the news, it has become normal. Now that the current market down trending, I hope shortly it will be regain. Volatility is the nature of the trading market.

Bitcoin market will come up again and it will be next year why BITCOIN is making downfall is because of populations in the market, actually i started new for bitcoin business can not expatiate nice why the price is going down.

[nhaila]

Bitcoin price now on downward motion but what is the actual reason I don't know. But I guess that more popular and crowded of investors that the main reason. Another reason that coronavirus omicron that hampers the world economic conditions. it's a temporary downfalls in Bitcoin price.

[South Park]

Bitcoin price now on downward motion but what is the actual reason I don't know. But I guess that more popular and crowded of investors that the main reason. Another reason that coronavirus omicron that hampers the world economic conditions. it's a temporary downfalls in Bitcoin price.

I think that another important reason why we are seeing such a slow December is that people are afraid that another crash will happen similar to the way the previous bull run ended, so instead of seeing the increase in the price we were expecting the markets are in doubt of fully committing to bitcoin if we were going to see another crash at January, however I think that once investors see this is not the case then the price will begin to go up once again.

[lixer]

I think that another important reason why we are seeing such a slow December is that people are afraid that another crash will happen similar to the way the previous bull run ended, so instead of seeing the increase in the price we were expecting the markets are in doubt of fully committing to bitcoin if we were going to see another crash at January, however I think that once investors see this is not the case then the price will begin to go up once again.

But, since yesterday's late session, we are having sustaining bullish trend which made bitcoin to be trading above $50k levels which means we are not having sideways December month anymore but we may have bullish days for the remaining days of this December.

Now market seems like confident along with decent volume across major exchanges which might be a good sign for getting into FOMO. Already bitcoin managed to stay above support levels which might have gained confident among institutional investors who are all going to be the core reason for making bitcoin into $100 before the first quarter of 2022.

[magneto]

It hasn't even been dumping that much though.

If you are scared about a 30-40% dump in the short term on BTC price then you perhaps shouldn't be in the market in the first place.

But the reason is very simple - the halving cycle is pretty much at its end, which is why this current correction and sentiment is the way it is. Nothing wrong with the market, it is still going strong.