A Little Surprised!

[||bit]

Year back,which is 2021.If you say other people,the people of bitcoin will cross 50k dollars.All will laugh on you and say don’t do marketing of crypto with them.But that 50k dollars was happened.So everything is possible in crypto,specially the bitcoin.Even now,some people skip of crypto by seeing the value of 38k dollars in the bitcoin price.But pump and dump are easy one.

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[crzy]

News is one thing, we should really see the current situation before getting hyped. The price fails to break the resistance and its expected to go down after that, don’t worry if that good news really into this market the price of Bitcoin will rise eventually and we might reach the $50k mark again. Let’s just enjoy the price for now and buy more, this is a great opportunity for that.

[Johnyz]

News is one thing, we should really see the current situation before getting hyped. The price fails to break the resistance and its expected to go down after that, don’t worry if that good news really into this market the price of Bitcoin will rise eventually and we might reach the $50k mark again. Let’s just enjoy the price for now and buy more, this is a great opportunity for that.

Perfect timing of the news can also be more effective but since Bitcoin price is still struggling to recover, those good news didn’t affect much for the price of Bitcoin. This is normal, we’ve seen this before already and most probably Bitcoin is just waiting for another momentum before going up, don’t worry much about $42k price, we survive the $30k level so we should not be afraid to stay at the level of $40k for now.

[goaldigger]

Although that it may look surprise but it doesn't mean the price won't go back there. Yes the expectation of many including myself was that it will keep going higher with the positive information so far. The bull has a way to ride the market when it is time, maybe we are having a little correction downward for another run to start. Enough reasons could have caused the drop but with a few more positive news will begin the highs

This is expected when Bitcoin fails to go beyond the resistance, the news is not enough to create a huge demand and this is the reality.

If we are going to look at the past trend, we are on the same scenario. That good news will take effect once the price stabilize and able to create momentum that can break the resistance level. Bitcoin will eventually hit the $50k, its not for now but soon once the whole market becomes stable. That is still a good news btw, that means many are into Bitcoin now and that can affect the market later on.

[STT]

Perfectly normal natural behavior and entirely infuriating for sure.    Price never moves in a straight line is pretty much a rule I take as true almost any time, the exceptions are large bullish moves but even within that profit taking will occur.  We had a rise, some of that was leveraged trades and they sell now and its always a bit like that.   Nothing wrong, think of it like a wave on a beach it happens all the time.

[AmoreJaz]

Perfectly normal natural behavior and entirely infuriating for sure.    Price never moves in a straight line is pretty much a rule I take as true almost any time, the exceptions are large bullish moves but even within that profit taking will occur.  We had a rise, some of that was leveraged trades and they sell now and its always a bit like that.   Nothing wrong, think of it like a wave on a beach it happens all the time.

what more can we expect in this market? it is old news already and by now, we are used to it already. it now lies on how are you going to attack this situation to your advantage. roller coaster ride is just a normal ride in this market.
remember up until now, no one can confidently tell himself that he knows what will happen next, or few days from now.

[batang_bitcoin]

It's possible that the effect may not yet be seen. Well, $42k isn't bad if the effect has been there already with all of those good news that we've got.
The market has never changed and it's always been a speculative market after all. It could reflect to the good news or no effect just as what we're seeing right now for which isn't really surprising at all.

[Chato1977]

Lucky that i made some selling couple days ago , actually before falling to 46k ,  as i badly needed funds for my Mothers Eye operation , so with this I am happy seeing it fall badly since yesterday.

But like OP and You , I am a bit surprise because i am having a second thought if will sell some bitcoin or will withdraw my funds in bank, so good decision on my part for this one.

Man, if I needed money for an emergency like that, I'm not even looking at the price or timing it, I'm choosing the fastest way to liquidate (which, thankfully for me, is still Localbitcoins, it gets me cash in less than a minute using a Trader "exchange bot").

No point stacking if you can't use it to improve the lives of those dear to you, no?

Yeah it is Very dear to me mate, though what had happened is for emergency and Coincidence mate because It was just a regular check up that comes badly with the result so i need the funds timely so Yeah i am not looking for timing its just happened that it comes when the time i badly needed .

But thanks for the concern man, I can feel that you are also a Full of Heart person with this attitude you've shown.

[Vaskiy]

In the past bitcoin served as an independent market. Now scenario have changed and it has dependence over the world market. Right now more incidents were happening around the globe relative to the war and the covid-19. Often we get to know about new variants of covid-19 which is also a cause. We've got more positive news associated with bitcoin, on the other side there is war, rise of oil, political sanctions and more.

Apart from these dependence what we see with the price move of bitcoin is quite normal. As we're with some expectations of price reaching $50k and it wasn't able to make it even when the bitcoin conference with more positive news is the reason for the surprise.

[Farma]

as far as i've ever felt, usually when so many good things are happening, and prices haven't gone up, that means we just need time for it. chances are the price will explode and go higher in a short time when it does.
however, a few other things is, not all the good news that will lead us to a bull market. because, we don't really know what happened, and only read about it in some news. to be honest, i also expect to see a price of $50k in the near future, because a few days ago, the price of bitcoin was very close to that price. however, in the end the speculation faded when the bitcoin price dropped to its current price. well, right now I just hope the price of bitcoin can return to the price of $ 45k - $ 48k again.

[someone703]

~

Price falling around $42,000 for me is normal, I believe the strong support for Bitcoin from a short-term perspective is the $40,000. It also becomes psychological support and the $50,000 level now is strong resistance.
I am very bullish for the short-term to mid-term for Bitcoin right, with these minor drops in Bitcoin, I believe it is just a temporary and a healthy correction.

I totally agree with the short and medium term. In such a range, we both have to figure out the profit and the risk. However, many people who can't control their own behavior in front of the camera are taking things too seriously in this space. Perhaps over time, the lessons they learn will help them get used to the new things in this more.

[pooya87]

I have been surprised by a lot for some time now. Apart from all the positive news that we have been seeing in the past couple of months (not just recently) we have the inflation that has hit most of the western countries. And I strongly believe that during inflation a lot of people would start investing their cash into different things to keep their purchase power as the value of their cash keeps declining. The high bitcoin trading volume despite the lack of price movement is a good indication of it too.

And yet price isn't going up which is very surprising.

My guess is that the situation is a combination of lack of confidence among day traders (not the investors) that makes them either sell more or stay away watching the market waiting for a positive signal and the market manipulation which can be seen in the number of shorts that jumps up from time to time as soon as price tries to go up.

[stepwilli]

These and many more good news, and yet the price is falling to $42,000?

Buying more when the price is low and waiting for it to rise again, I always feel people are being rushed and impatient. Control your psychology with the market. Although each person will have their own way of managing their wealth, I see many people are still stuck because of losses in the market, and those who are profitable are still feeling overwhelmed. I feel happy no matter how the market turns out, satisfied with what I have.

That is a good advice that they should follow now that btc is back at 42k again. it's like btc is giving someone a chance to buy before it takes off in to a whole no other level. In cryptos, one must be patient because it can sometimes take a long time before the price starts flying high but we can't avoid that there's always people that enter here for the sake of easy money and they are the ones that complains often, I am not saying that it was the OP.

Some people gets stuck because of their own greediness. They have been given a chance to sell before but they didn't because they are waiting for more. I think those people also the ones that complain and want the price to recover again as soon as possible.

[cabron]

It does happen all the time actually that whenever there are good news the price of BTC slides and bad news sends the price up. Its a pattern that you'd notice in crypto,  you'll probably see it often when you are in crypto for years. Last year I think the price also plunge while the Miami conference is also happening. The whales are trying to make it appealing to the new investors that is about to come so making the price cheaper is giving discounts to institutions that wants to come in.

[davis196]

The Bitcoin conference in Miami can't pump the price.It's ridiculous to have such expectations.
There's are no conditions for the formation of a FOMO phase and the Greed&Fear index isn't heading towards the "greed" zone.The buyers will keep feeling insecure about the future Bitcoin,so I don't expect a huge increase in the demand for Bitcoins.
The price going back to 40K USD isn't bad news.Bitcoin dropped below 40K several times during the last two months and it always recovered pretty fast to levels above 40K.This is pretty normal price volatility for Bitcoin.

[lornadane]

as far as i've ever felt, usually when so many good things are happening, and prices haven't gone up, that means we just need time for it. chances are the price will explode and go higher in a short time when it does.
however, a few other things is, not all the good news that will lead us to a bull market. because, we don't really know what happened, and only read about it in some news. to be honest, i also expect to see a price of $50k in the near future, because a few days ago, the price of bitcoin was very close to that price. however, in the end the speculation faded when the bitcoin price dropped to its current price. well, right now I just hope the price of bitcoin can return to the price of $ 45k - $ 48k again.

To reach the price of $50k in such a short time it seems impossible because at this moment the price of bitcoin is still below the price of $45k.
The bitcoin market at this time still can't give a sign that there will be a bull run for the near future, even now the bitcoin price is still around $42k.
Everyone is hoping for the best with the bitcoin price.

[Ararbermas]

~snip

These and many more good news, and yet the price is falling to $42,000?

probably there's a different activities in the market reason despite of some good news it decrease the price instead, and for me this is normal and this things usually happen in trading especially if most of the whales are active and shorting in the market.

[South Park]

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?

We must remember that markets are not logical and instead they are driven by emotion, even if it would make sense for the price of bitcoin to go up in value with all of those positive news, if the demand does not increase and the supply available at exchanges does not goes down then we cannot see an increase in the price of bitcoin, it is that simple, a great deal of retail traders and investors have used all their money already so there is not much strength to go towards the 50k level at the moment.

[Marvelman]

To see an increase in the price, a positive scenario for bitcoin would be the regulation of the bitcoin ETF's in the U.S. or the indication from the SEC that there is going to be a bitcoin ETF in the near future, and both of these are not the case at the moment, so what we will see for bitcoin is a lot of sideways movements as expected. There is likely to be some movement on Monday when global markets open.

The fact that the price of bitcoin is still under the $50,000 level from a couple of months ago is showing that there are still a lot of issues that are holding the price back. Until the price of bitcoin gets out of the $50,000 range , it is likely that we will see a lot of sideways movement for bitcoin with a lot of corrections and it will be hard to see any increase to the price.

[Pamadar]

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?

We must remember that markets are not logical and instead they are driven by emotion, even if it would make sense for the price of bitcoin to go up in value with all of those positive news, if the demand does not increase and the supply available at exchanges does not goes down then we cannot see an increase in the price of bitcoin, it is that simple, a great deal of retail traders and investors have used all their money already so there is not much strength to go towards the 50k level at the moment.

Or it's also a good hint to keep your Bitcoin for now,

those big investors are placing their position the chance that they are planning for much better run might
happen along the way, maybe it's not for now as some traders are expected to see a good run but it didn't
happen and instead the market show some correction.