Why the price of Bitcoin still in such a state?

[arufox]

No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.

[Kemarit]

No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.

It's not that it's hard to tell where the price will be, it's a given fact. It's that want factors affecting the market to go on the downside. As I have said previously, we still have the war in the background that's why the price seems to be just above the $40,000 mark and there is a big selling pressure going on. Although this week seems to be a very positive for us, we just don't know what news will come out next that could either influence the price to go +/-.

[carlfebz2]

No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.

It's not that it's hard to tell where the price will be, it's a given fact. It's that want factors affecting the market to go on the downside. As I have said previously, we still have the war in the background that's why the price seems to be just above the $40,000 mark and there is a big selling pressure going on. Although this week seems to be a very positive for us, we just don't know what news will come out next that could either influence the price to go +/-.

Not that really much minding nor believing about fundamentals when it comes to Bitcoin price since we know that it could really make price go up and down without any reason behind and its been proven out after long

years of this market existence.We cant assure if we do able to withhold or not such support nor break resistance because everything would really vary with the demand and recognition.

Dont make yourself stress out on its movement because you are the ones who would really be putting up problems into yourself.

[Epaper]

In my opinion, one of the factors that the crypto market is in the red zone is due to the ongoing geopolitical problems from major countries that have an effect on bitcoin and altcoin prices falling. In such situations, many investors choose other, less risky hedge assets to replace highly volatile cryptocurrencies.

[el kaka22]

Not that really much minding nor believing about fundamentals when it comes to Bitcoin price since we know that it could really make price go up and down without any reason behind and its been proven out after long

years of this market existence.We cant assure if we do able to withhold or not such support nor break resistance because everything would really vary with the demand and recognition.

Dont make yourself stress out on its movement because you are the ones who would really be putting up problems into yourself.

This is true, there is no denying that but at the same time we are talking about things that could move according to the data given as well. This means that we need to learn to control our feelings and just focus on what the data tells us. Doesn't mean we will profit each time, doesn't mean that data will be right each time, but this still proves to us that we can't really be making any leeway based on our gut feeling or just patience.

If we say "god knows what will happen?" and just leave it at that, then how do we decide when to buy? We need to find some way to calculate it, it needs to be based on something otherwise it is just random purchases.

[buwaytress]

If we say "god knows what will happen?" and just leave it at that, then how do we decide when to buy? We need to find some way to calculate it, it needs to be based on something otherwise it is just random purchases.

We don't. We leave it to... the calendar. Dollar cost average -- be it at the time you receive your salary, a time you decide to put away your disposable income, or a fixed day of each month -- takes away the guesswork and ensures you get an average price that's well below peaks (since Bitcoin spends the majority of its time between each ATH down rather than up).

Enjoy life, build a career, focus on what you're good at or passionate about. DCA man.

[speedy963]

In such scenarios, the most effective quote that never fails to ease a worried mind is "when in doubt, zoom out." This quote can never be more accurate specially in this situation, because if you do zoom out, you will see that we are still not fcked. Not unless you are one of those people that fomoed into bitcoin when it was on its peak or those lev traders that also fomoed and does high lev trades with just about any hear says out there. But even when you bought on the peak, it isn't that much of a problem unless you encounter a time when you need the money you invested. Which is why it is always important to always invest amounts that you can easily afford to lose since you can easily wait the storm out or even DCA if you have extra idle funds.

[wxa7115]

If we say "god knows what will happen?" and just leave it at that, then how do we decide when to buy? We need to find some way to calculate it, it needs to be based on something otherwise it is just random purchases.

There are basically two approaches to this, and as you may guess it is the main difference between traders and investors, investors just put their money on their selected assets whenever they have some money available, so basically the price is not a factor when it comes to investing their money in any market.

The second approach is the one used by the traders, even if they do not know what will exactly happen they can make guesses based on what the price has done in the past, meaning that if their observations of the market are correct then they should be able to increase their prediction ability, but only for a little bit, to the point they can make profits in the market.

[Oceat]

In such scenarios, the most effective quote that never fails to ease a worried mind is "when in doubt, zoom out." This quote can never be more accurate specially in this situation, because if you do zoom out, you will see that we are still not fcked. Not unless you are one of those people that fomoed into bitcoin when it was on its peak or those lev traders that also fomoed and does high lev trades with just about any hear says out there. But even when you bought on the peak, it isn't that much of a problem unless you encounter a time when you need the money you invested. Which is why it is always important to always invest amounts that you can easily afford to lose since you can easily wait the storm out or even DCA if you have extra idle funds.

It's true that we are facing this continued decline and is going to be in a bear trend soon but luckily most people didn't buy it yet that didn't create a FUD. It's time to make a choice already leave or HODL but don't start dumping or you might miss your chances once the price bounce back. If you have invested in Bitcoin it's guaranteed a good profit but in a long term only so HODL as much as you can.

[crzy]

In my opinion, one of the factors that the crypto market is in the red zone is due to the ongoing geopolitical problems from major countries that have an effect on bitcoin and altcoin prices falling. In such situations, many investors choose other, less risky hedge assets to replace highly volatile cryptocurrencies.

This can be one of the reason aside from the fact that there is no big news to pump Bitcoin and its trend is still on the sideways. We might see more of this in the whole 2nd quarter if the problem continues to happen especially against the economy of other countries. Bitcoin will rise later on, we are still on a good price that can pump any time with just a single big news, so let’s all be patience for this.

[tabas]

You have probably heard or never heard about zooming out with the charts. That's all you've got to do when you're seeing a disappointment in the market.
The market has never disappointed me after it has past gone through $20k and it had never went down again below it. It's the expectation that everyone has grown despite it's fast growth and a correction for its slow growth back at the top again.

[STT]

Sideways with even more sideways, dont be ungrateful or act bored as Bitcoin is far from negative in reality.



Heres the actions for the last few days, its really not doing much.   We've attempted up and checked prices downwards but mostly we keep on pressing on in a similar pricing to what was the prior day or week or if you consider the last year most months are similar pricing.  I consider us to be positive in a holding pattern after breaking the prior multi year price range, it might be boring but this is an elevated price compared to a few years ago.
   Your conclusion should be BTC is positive while the world and most assets have a default negative bias, its actually doing very well overall so I dont mind the wait [think of it as a train, we stop so people can get on/off, is that a bad thing not really].   Stay positive in your outlook is the best advice.

[Fundamentals Of]

I was also quite surprised that instead of knocking on $50,000's door, the price cannot even keep its grip on $40,000. But I think everything is just purely on the side of speculation and investment. Others must have made profit when Bitcoin's price was down so they sold instead of bought. Others might be affected by the negative outlook of the global economy with the war and the high inflation and the pandemic. But in terms of fundamentals, Bitcoin is unaffected. It remains to be the Bitcoin that provides freedom. So there's no worries.

[speedy963]

~

With what's been going on with the price of bitcoin in the past few weeks, we can already say that we have already been in the bearish market since the start of this year. TBH, lots of people that are pretty meticulous about their investments have already taken profits as early as November last year and may have already rebought on the few times that bitcoin has plunged quite deep. But most that have done these are those long term holders. The leverage traders though, are the ones who have a hard time speculating where the price is really heading. Despite this though, traders still earn a considerable amount in swinging and scalping on shorter timeframes.

[Sir Legend]

I think the price of bitcoin has shown a good performance, it only took 10 years it has gone up by more than thousands of percent, the trend of users continues to increase and now more and more countries are legalizing bitcoin so that it becomes the most promising asset in the future.

[peter0425]

No one can accurately tell why the price of bitcoin is falling.

there is no accurate , but at least we can bring small prediction that may bring close outcome .

 If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.

Lol every April? and and what will come in May and June?

but lets say there is an increase every April , what would be beneficial for all? isn't October to December is the increasing Months?

I may support that there are Month that increasing and there are Month of decreasing but remember that this is depend in Supply and Demand .

[19Nov16]

No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.

The unique thing is that when the price is below $40k, the transaction volume is large, up to more than 20% in a few days, there are 2 opportunities, namely investors panic because they are afraid that prices will continue to fall and vice versa, investors wait for the moment to buy and in my opinion, the dominant one is more many are buying because shortly after being under $39k they are now approaching $41k.

[rodskee]

Why say that market will do better?  where did you get the idea? because if you will make such prediction then best you know how to depend your answer lol.

Bitcoin price keeps staying this level when there are so many good news happening now.

Maybe this is what the market needs to prove and we as investors need to support .

https://coinmarketcap.com/currencies/bitcoin/

and bitcoin is going Good recovery again and will continue to grow more in the following days.

[Oasisman]

No one can accurately tell why the price of bitcoin is falling.

Well, I can accurately tell why Bitcoin price is declining.
Simply because there were more sold Bitcoin than bought.
That's actually how we come up with Btc's price. That's basically based on the demand.
The only thing that nobody can accurately tell is the reason why there is a massive sold out in the market, and that's where all kind of analysis will come in.

If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.

I don't want to be optimistic and I'm not expecting anything bullish this year. I would allow the market to consolidate to give an opportunity for the investors to accumulate for the next bullish season.

[btc78]

No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.

The unique thing is that when the price is below $40k, the transaction volume is large, up to more than 20% in a few days, there are 2 opportunities, namely investors panic because they are afraid that prices will continue to fall and vice versa, investors wait for the moment to buy and in my opinion, the dominant one is more many are buying because shortly after being under $39k they are now approaching $41k.

It is not that investors are afraid to lose instead they Knew that this is how the market moves , the people needs to get their profit from their early investments .
and also they are aware that the market will rise and fall so they buy low and sell high.
and besides why much concern when we are in Holding? as we can keep it long until recovered .