A Little Surprised!

[7788bitcoin]

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

You cannot find a solid answer for the reason why the price is falling, there are many investors who are investing billions in the market for the past one year and you should expect them to book their profit whenever the price rallies and that is what is happening right now. You can hold the coins for a much longer time and the price would recover, patience is the key .

[bbc.reporter]

@7788bitcoin. Agreed and similar to many people in this thread, I was also very bullish on bitcoin because of those reasons @Fundamentals Of shared. However, there might be other occurences in this market that might be much too powerful against Do Kwon, Saylor and Elon. This occurrence mentioned in this article might be one of them, I reckon.



The plan to compensate creditors of the collapsed crypto exchange Mt. Gox has been approved, and payments of about $9 billion are set to go out soon.

While it's still unclear if payouts will be in cryptocurrency or fiat currency, some industry watchers see creditors getting bitcoin in a matter of months.

"Those affected will receive a large sum of bitcoin, likely happening in Q1 or Q2 of 2022," Matthew Dibbs, chief operating officer of crypto firm Stack Funds, told Reuters.

Source https://markets.businessinsider.com/news/currencies/mt-gox-bitcoin-settlement-payouts-9-billion-dollars-early-2022-2021-11

[Shasha80]

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.

I also agree that we must first be patient waiting for Bitcoin to reach the price of $50k, in order to see an increase like what happened in 2021.
But the fact is that there are quite a lot of problems in this world that ultimately affect the price of Bitcoin which is still stable at a price of $40k+.
Several times Bitcoin tried to approach the $50k price but failed every time, and now it's suddenly corrected to the $42k price, to be honest we still
have to calm down and not have to worry. Because as we know the price of Bitcoin will always recover, how deep is the price of Bitcoin going down.
Therefore for now there is not much we can do other than holding the Bitcoin that we have. Never be tempted to sell the Bitcoin we have at a low price,
I even suggest if we still have capital we can buy more Bitcoin now.

[peter0425]

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.

some call it correction while mostly called it manipulation , though there are lot of things good happening yet the situation comes from the other side, for how many times that we have seen same condition and movement from the market? specially in Bitcoin that usually the victim of this trend?
i may say that I am also surprised but also i am ready in this scenario , i would rather express my interest in Holding than selling when this season comes, and knowing this will just pass? i think keeping the market out of my site for now is the best strategy to conduct .,

[Silberman]

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?

The price is now barely above the 40k level and it could go down even more during the next hours, I will be honest and say that I am not really sure why bitcoin is moving the way it is moving, it seems that people are still selling their bitcoin despite the positive news that we have been watching during the last weeks, and while this could be puzzling at the same time we need to take the opportunity that has presented itself to us, as buying bitcoin for sub 40k levels is great and I do not think such price could be available for long.

[Franctoshi]

News even sometime does not change the overall direction of a trend. The bigger event which is Russia- Ukraine war, which has caused uncertainty around the globe, I think that the market is still respectful of that event ,until when the war has come to an end or when they come up with an agreement terms ,that's when I do believe we will begin to see a major turning point in the market. Hence this whole thing may ball down to 2024 when we would expect a major rally after Bitcoin's halving.

[Zanab247]

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

Bitcoin price is unpredictable which it can pump today and dump at anytime in the crypto market. Bitcoin price is falling to allow people to prepare well for a great future because the price is about to hit $50,000 soon, so that long term traders and short term traders can start earning something good from the market. What traders are experiencing now in the crypto market, is a sign that this month of April will favour all the crypto traders that invested huge amount of money on crypto investment last year 2021.

[dunfida]

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

Bitcoin price is unpredictable which it can pump today and dump at anytime in the crypto market. Bitcoin price is falling to allow people to prepare well for a great future because the price is about to hit $50,000 soon, so that long term traders and short term traders can start earning something good from the market. What traders are experiencing now in the crypto market, is a sign that this month of April will favour all the crypto traders that invested huge amount of money on crypto investment last year 2021.

Thats why im not really a fan on guessing about having breakouts or those pump kind of behavior which is something not that really surprising and so as with with dumping or decreasing market which isnt something

surprising.When bitcoins price hits up 48k as far as i remember on where people do keeps freaking out on speculating that it might break 50k soon but look at on where we are now?
If you have trade up futures then you had fucked out yourself but for those who had made out some spot then thats still an opportunity to make some DCA.

[justdimin]

The fall was mainly caused by the high level of sell pressure. It means that there were ton of people or basically ton of money being sold on the market price for a long time and not giving buyers any chance to match that. This is a bit shady this time around, there are periods when it looks shady and not just what market believes.

If I believed that the market didn't had any trust that price would go up and that is why they sold which caused it to go down, I would understand it, but I feel like there could be some manipulation right now as well. This fall didn't looked like others, it looked a bit more fake and I am not sure if it will stay like this for too long.

[milewilda]

The fall was mainly caused by the high level of sell pressure. It means that there were ton of people or basically ton of money being sold on the market price for a long time and not giving buyers any chance to match that. This is a bit shady this time around, there are periods when it looks shady and not just what market believes.

If I believed that the market didn't had any trust that price would go up and that is why they sold which caused it to go down, I would understand it, but I feel like there could be some manipulation right now as well. This fall didn't looked like others, it looked a bit more fake and I am not sure if it will stay like this for too long.

We should really think and believe that there would really be selling levels on where whales and retail traders or simply investors would consider on selling out which is something a very normal.
Not really that very new or rare that people do usually freaks out whenever they do see these kind of declines which is something too common into this market.
You got surprised? This basically shows that you arent really that old enough to have some experience on this market on how things move on this space.

[Yaunfitda]

And just like that, the support around $40k is broken right now. So we are in the danger zone again and might be back to the lowest low of the year or even dip lower again.

So much for the good news, the selling pressure is now at full swing, everyone wants to get out or at least hedge their bitcoin again so that they won't lose any money during this current down turn that we are experiencing.

[magneto]

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?

Look, the market is not just dependent on bitcoin news for its movements.

The macro outlook is grim with high inflation and rising interest rates expected on the horizon - which is why people are pulling out of risk-on assets. Bitcoin just got caught in this headwind.

I honestly am not sure why people are overreacting so much to it since Bitcoin is literally the best inflation hedge you can ask for, though. Oh well, buying opportunity presents itself.

[perfect999]

Look, the market is not just dependent on bitcoin news for its movements.

The macro outlook is grim with high inflation and rising interest rates expected on the horizon - which is why people are pulling out of risk-on assets. Bitcoin just got caught in this headwind.

I honestly am not sure why people are overreacting so much to it since Bitcoin is literally the best inflation hedge you can ask for, though. Oh well, buying opportunity presents itself.

People are overreacting because they are overleveraged in crypto that is why. They got into crypto with money they shouldn't, and they do not have patience to wait it out neither and that is why it doesn't end up being regular reactions and that is why you see plenty of people who react crazily over smallest of movements.

Bitcoin goes up 10% and suddenly everyone thinks that it will be 70k, and it goes down 10% and everyone thinks it may go down under 30k, those huge reactions are because they are stressed about it, they are either scared or excited whenever it moves and that is mainly because they have money that they shouldn't have put into crypto.

[Dhaniii]

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.

bitcoin price is currently bearish and is at $40k with resistance between $38k and $48k. I think bitcoin is playing between the same markets in the last few weeks. do we expect bitcoin to penetrate new ATH within this year, I think with the current market war conditions it is a bit difficult to penetrate new ATH, but take advantage of short term investment opportunities to look for fantastic profits.

[Silberman]

Look, the market is not just dependent on bitcoin news for its movements.

The macro outlook is grim with high inflation and rising interest rates expected on the horizon - which is why people are pulling out of risk-on assets. Bitcoin just got caught in this headwind.

I honestly am not sure why people are overreacting so much to it since Bitcoin is literally the best inflation hedge you can ask for, though. Oh well, buying opportunity presents itself.

People are overreacting because they are overleveraged in crypto that is why. They got into crypto with money they shouldn't, and they do not have patience to wait it out neither and that is why it doesn't end up being regular reactions and that is why you see plenty of people who react crazily over smallest of movements.

Bitcoin goes up 10% and suddenly everyone thinks that it will be 70k, and it goes down 10% and everyone thinks it may go down under 30k, those huge reactions are because they are stressed about it, they are either scared or excited whenever it moves and that is mainly because they have money that they shouldn't have put into crypto.

Without a doubt the amount of traders that use leverage also contributes heavily towards the volatility of bitcoin as the level of leverage they are using is very high, that means that while for holders and traders not using leverage a downward movement of 5% is nothing to worry about for someone that is using leverage of 10x that means losing half of their capital in just a few hours, this creates a snowball effect which causes many leveraged traders to get margin calls and have their positions closed automatically which makes the price to go down and makes even more people to get margin calls creating a vicious circle in the process.

[yhiaali3]

This is what we were talking about right now, with a lot of positive news we see a drop in the price of Bitcoin instead of an increase and this is a surprising reason for everyone, it seems that the whales are playing in the market greatly, they are taking advantage of the positive news to push people to buy more amounts of Bitcoin and at the same time they are selling The huge quantities  that they have, this causes the price to fall more and more. This is a dangerous game for whales to play and they are sure to raise the price soon.

[suzanne5223]

I think the OP misunderstands something about the Bitcoin market price momentum that there are a lot of things that influence or impact the price of Bitcoin in the market and MicroStrategy/Terra's additional accumulation is not enough to impact the market is mining difficulty presented negative sign.
Yes, it is good that a lot of organizations are not bullish on Bitcoin but we also need to focus on creating a platform that will make Bitcoin payments to be used in our day-to-day life.

[btc78]

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?

This is also something that very weird in cryptospace . When there are so much thing happening that we think can bring good boost to the market or at least in a currency that we are holding? But suddenly ot does not and instead made its way on the opposite side.

But of course this is also thrilling on that part because we are subjective to be more knowledgeable and observant

[perfect999]

bitcoin price is currently bearish and is at $40k with resistance between $38k and $48k. I think bitcoin is playing between the same markets in the last few weeks. do we expect bitcoin to penetrate new ATH within this year, I think with the current market war conditions it is a bit difficult to penetrate new ATH, but take advantage of short term investment opportunities to look for fantastic profits.

I wouldn't say bearish, people throw in the word bearish too quickly, literally in the last 30 days we were under this price, just because we had a small increase during this period and went back to where we were doesn't mean that we are in a bearish movement. It just happened to be going from 38k to 48k to 40k, that is something that happens in crypto and nothing extraordinary.

I know that it is not a big deal and I know that we should be seeing this as a regular thing but at the end of the day it is not bearish, it is just normal. I get that you may be upset that the price went low, I am not happy about it neither, but do not feel pessimistic about it neither.

[Kelvinid]

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.

The said huge purchases will somehow give an impact on the price but that doesn't mean the prices went up to $50k instantly, we can't expect that. The market needs consistency in the market demand and must gain a strong support level to possibly make it, unfortunately, that was not what we are seeing now. Even the Microstrategy and Terra are investing Bitcoin in huge amounts, I wasn't expecting too much change in the price trend, We'd still be experiencing a sideways movement.