Why the price of Bitcoin still in such a state?

[Blank-Head]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

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[naira]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

Why only see him in 3 months? If you look at February -> March -> April we still have an unbreakable support point. That means you are not paying close attention. bitcoin is still above $35K - $45K. Even March touched $47K as of the 28th. It is currently trading above $40K. It is possible that this month is the correction time after March. So don't get yourself excited about a temporary drop. If you trade futures, at least within 1 full month it is marked by an increase in March and you have sold. If not, then for April the upside potential is still below $45K.

[Welsh]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward.

Depends on your reasoning, but that short of a time frame already indicates to me that your speculation was without any sort of evidence, and therefore was just a shot in the dark. The thing is, even if there's a sort of trend going on with the price, the things that can happen around the world that can influence it are unpredictable, what you can probably accurately predict is Bitcoin will be going up in the long term. Three months isn't exactly long term in the grand scheme of things.

[BIT-BENDER]

From my experience so far all I can say is that the crypto-currency market is volatile and not even Bitcoin is safe. And the best decision we can make right now is to keep on holding Bitcoin. I don’t think we have seen the last of Bitcoin just yet, take for example what it has done last year. I believe we would still see a major bull run soon.

[jossiel]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

We've been up for so long.

So the next thing to expect for it is to go down and have itself plummet. That's the usual thing that happens whenever bitcoin stays at the top price for so long.

Check out the news as they also have a connection sometimes to bitcoin's current market. Having its own nature of being volatile, if you're good at analysis, you'll figure it out.

[Oilacris]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

No experienced person would tell you precise or 100% assurance on where price of bitcoin would be going and get used to it because this is how this market behaves or moves which you should accept it

out because none of us do really knows on what would be the future price looks like.It all matters with different factors but mainly speaking with demand and this is where it do really depends.
Dont anticipate much about price pumps or increase because t his wont really be a smooth sail ride that you are really expecting into.

[adaseb]

Bitcoin is not the only asset that is under performing. Pretty much most tradable assets are trading this way. Only stocks I know which are near highs are Apple or Tesla. However most of the mid and large cap stocks are down 50% or so and they peaked right around the same time.

Why? There are too many issues right now

War
Inflation
Rate hikes

There might be a recession around the corner and stocks will go down due to poor earnings and crypto will follow.

[Jating]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

Not sure where you get the idea that bitcoin will be better? I mean we have reach an all time high last November and after that, we retraced to lows of $30k'ish. If you haven't know by now, bitcoin works on cycle and it seems that we have entered a bearish trend since the start of the year. So it's better to really not to expect something big otherwise you might get frustrated. The best thing to do is to take advantage of the dip and accumulate.

[GreatArkansas]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

Not sure where you get the idea that bitcoin will be better? I mean we have reach an all time high last November and after that, we retraced to lows of $30k'ish. If you haven't know by now, bitcoin works on cycle and it seems that we have entered a bearish trend since the start of the year. So it's better to really not to expect something big otherwise you might get frustrated. The best thing to do is to take advantage of the dip and accumulate.

You got a point here. Another thing to consider here is to consider such events, especially the Bitcoin block halvings, which is always showing that not the exact day Bitcoin will do a pump, but most of the time is months before, you can always check that on the past price of Bitcoin during bitcoin block halving.
Overall, pullbacks or correction is what we are experiencing right now.

[Lucius]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

I would say that you don't take into account the period we are in, so even though it's not a classic crypto winter like 2018, after all the excitement at the end of 2020 and during 2021, things had to slow down a bit. And if you take into account everything that @adaseb mentioned, then you should understand that at this moment it is not realistic to expect the price to be where you want it to be.

I understand that there are a lot of small investors asking themselves similar questions that most likely stem from the fact that you invested during the bull run expecting a profit of $100 000 which did not happen. This is nothing but a timing problem combined with FOMO that aimed too high and now results in a dose of impatience and disappointment. I don't see any big changes in the short term, and whether we will have to wait for the new big bull run until the next halving is a million-dollar question

[noormcs5]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

No one knows when bitcoin with pump or dump in the coming weeks and months. Usually when the majority of the people think that the bitcoin will move upwards it usually dumps.
The best you can do at this time is to stop looking at your portfolio and hold your bitcoins. Sooner or later the market will be in better conditions.

[Yaunfitda]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

Not sure where you get the idea that bitcoin will be better? I mean we have reach an all time high last November and after that, we retraced to lows of $30k'ish. If you haven't know by now, bitcoin works on cycle and it seems that we have entered a bearish trend since the start of the year. So it's better to really not to expect something big otherwise you might get frustrated. The best thing to do is to take advantage of the dip and accumulate.

You got a point here. Another thing to consider here is to consider such events, especially the Bitcoin block halvings, which is always showing that not the exact day Bitcoin will do a pump, but most of the time is months before, you can always check that on the past price of Bitcoin during bitcoin block halving.
Overall, pullbacks or correction is what we are experiencing right now.

Yes, every now and then we will see the price going down or what we call pullbacks.
This is necessary so that the market can move on the next phase. Because the price can't go on parabolic rise. Talking about block halving, this is one catalyst for the next bull run, but the next one is going to happen in 2024 so that is a long way to go.

[fara_buduk]

positive attitude about price is a natural thing....
and for the last 3 months until today we can see the outline between the strongest and weakest points which are difficult for bitcoin to break and between these points we can see that bitcoin is still in a correction condition for the next bull run of ATH edition which will not happen this year
maybe taking advantage of this condition for the short term is probably a good thing to do because until now bitcoin still hasn't touched $30k which might happen this year

[Quidat]

positive attitude about price is a natural thing....
and for the last 3 months until today we can see the outline between the strongest and weakest points which are difficult for bitcoin to break and between these points we can see that bitcoin is still in a correction condition for the next bull run of ATH edition which will not happen this year
maybe taking advantage of this condition for the short term is probably a good thing to do because until now bitcoin still hasn't touched $30k which might happen this year

When you are just new into this market then you would be always be having that positive perception towards market price and on the time that you had able to engage and gain experience
then you would really able to realize that this isnt how thing goes.You wont really be the same on having that positivity compared when you are just a noob since you would really get used
to decline and pumps of prices which is really very common and you would really get used to it and will really immediately be accepting on what would market conditions that you are
facing on.On the time that you had gained such mentality and behavior then it is sure that you are really doing well on this market.

[STT]

No need to presume BTC is any more negative then you expected, what would be incorrect is the time frame of recovery you have in expectation.   Bitcoin is actually a far longer time frame commodity then most expect.   4 year cycle is known but also 200 week average is something reasonable to look at and no other asset is that quite as relevant.  Its surprising because BTC can move so fast but the waves and tides vary in their development and I think the whole of 2022 will be required for much of this price volume to be evened out. 
  Ultimately we are bullish but more patience is going to be required imo

[Ararbermas]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

well obviously on its situation we cannot really tell if it will moving forward despite of good news because surely it will continue trace the current trend in the market before making progress as its showing lower lows that seems a correction IMO.

I suggest try to look on the higher time frame, where in, for you to see how it really performed these days.

[adaseb]

Many people are starting to consider that 2022 will be a repeat of 2018. Basically a slow grind down. And sometimes in the last quarter of the year a huge crash down to the $20K areas and more sideways action before bottoming and rallying up in the Spring.

I think if it does happen then the 200 WMA would be a great area for a Bitcoin long. Currently it’s at $20K and rises every week. When Bitcoin crashed in late 2018, it was this moving average that held support.

[pooya87]

I'd say the main reason is confusion and lack of understanding [of bitcoin].

* Many have been speculating a "drop" for no reason other than saying "because it happened in 2018" while ignoring the percentage of rise that lead to 2018 and the fall. So obviously shorting bitcoin, selling bitcoin and not buying the dips or buying in general has been in most of their plans.

* Many people are brainwashed into thinking that for no reason at all bitcoin market has suddenly decided to have a correlation to other markets even though it never had it in the past decade! So when other markets crash (for weird reasons like a small conflict on the other side of the world) they panic sell their bitcoin too hence creating a fake sell pressure that keeps the price low.

Otherwise we have had many positive news regarding the adoption of bitcoin in different countries that there has been a massive increasing demand. By all logic and evidence price should have gone up if we didn't have the above 2 reasons...

[GeorgeJohn]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

do you know one thing we does not understand in cryptocurrency sphere, bitcoin price nobody predict it or regulate it, while the price is been remain fluctuating this period is depends on the gravitation or the gravity of the demands and supply in cryptocurrency marketcap, actually when the demand is higher than the supply the market will arise to an extent, but a situation the supply is at higher potential than the demands, is very obvious and comprehendable that the market will be sheltered and been downgraded, so many people has made predictions that will rise to certain point, but the summary depends on the levels of demands.

[davis196]

Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.

What you are saying doesn't matter.What the so called "experts" and analysts are saying also doesn't matter.
The Bitcoin price isn't determined by people's opinions and wishes.We are living in interesting times,where uncertainty and fear are dominating the markets.Nobody knows what will happen next week or next month.Making long term plans and predictions for several years ahead seems really difficult.
The Bitcoin price is in a pretty good place right now.There is volatility,but we shouldn't get depressed every time the price makes a 5-10% drop.