Bitcoin continues to decline, what causes it?

[danadc]

It is not sure of what can happen at this time, but there are many articles that talk about many scenarios, there are some that talk about a possible reversal of the upward trend, in fact, I love that the demand for BTC mining is increasing, which I see as something very positive:



According to  Van de Poppe says:

“You should be waiting until we get a clear breakdown beneath $38,000. That is probably going to be short opportunities.

And if we get back above $40,500, flip that zone, that’s probably going to be long territory. I am long since $39,000, and I’m actually looking for longs a little bit more on altcoins at this point if Bitcoin is going to resolve itself into holding a crucial support level, which is the $39,000 zone.

If we do break $40,500, I think the next level to look at is the level around $43,000, taking liquidity there and $43,2000 which is already a move of approximately 10%.”

Source: https://dailyhodl.com/2022/05/01/on-chain-data-quietly-signaling-bitcoin-btc-bullish-reversal-brewing-according-to-top-crypto-analyst/

The analyst assumes that if there is a weakness on the part of the USD, the BTC will rise in price.


I have been seeing some news, I do not know, it may be yellow nature, or maybe they want to cause some panic, but in the news they advise that they should prepare for a possible fall in the economy, where it is better to make new investments to use them As a safe refuge, investments such as gold, Bitcoin are options that cannot be put aside.

[Agbe]

Yes. I also discovered the declining issue with bitcoin. As it is said by the OP that bitcoin is the highest demanding currency as of now. And from the economics perspective  analysis, when a particular goods demand is very high, the price will also high but bitcoin is the revised of the case. But when the demand is high with a serious competitive market, then the price will come down, so, probably bitcoin is on the second option. But that is not withstanding, I have two observation for declining rate if bitcoin though the OP has mentioned some but I want to add up two factors that causing the declinement of bitcoin in the international market.
1. The wealthy buys
2. The international policies

1: The wealthy buys. This is the category of people that making or down trading the price of bitcoin in international market. They went to the market and bought billions of bitcoin in their possession and use it to trade. This factor can decline rise and fall of bitcoin. Two key players are also here.
1. The government sponsored personnels
2. And individuals wealthy tycoons.

1. The government sponsored personnels are the ones bought a large quantities of bitcoin to reduce the total amount of bitcoin in the world market.

2. And the individuals wealthy personnels would pump money into the market  and used it to trade so when the poor deposit bitcoin to trade, they ( The business tycoons) would withdraw their money and making the market to fall down. When there is money in the market bitcoin will rise but when there is no bitcoin in the market, the price would drastically come down because the small in the market at that time what to sell and go.

2. The international policies: Yes. Since bitcoin is the highest Currency in the world now, all nations are afraid of the fall of their fiat currencies, so the world economic powers trying to regulate bitcoin through IMF and world bank. Because bitcoin is a threat to the fiat currencies. https://www.investopedia.com/news/bitcoin-government-regulations-around-world/

[GigaBit]

I think the good days of Bitcoin are coming. Every beginning of bull market we get a bear market as well. The current Bitcoin price is still relatively good. However, its price has been steadily declining for several days. However, the market can run better from here. I think it is a natural process of crypto currency trading market.

[lablab03]

As usual panic selling, but for sure this month there will be a massive demand in the market coz obviously there's no bad news about it except of the current situation in the market such as the percentage of bitcoin reason why many people were talking that after all the good news and adoption it decrease, instead of making progress.

But i believe there will be a reversal within this month coz it's been months now since market turn to bearish, perhaps the time for bullish is near. And I'm very positive this month of may.

[Blank-Head]

Bitcoin prices have been falling sharply for a few days. State of the marketplace is not going very well at the moment. For this, price of Bitcoin has come down. Although Bitcoin is a coin that is in great demand among people who are immersed in the world of currency. But there is more to it than just roaming and trading. Bitcoin, which has been in the middle of the last sixty-three months due to the lack of investment by big investors, is now down to forty, which is why the situation in British is like this.

[jaberwock]

This decline of bitcoin is not perminant,and yes its also painful but maybe next some days bitcoin will be in good position because old traders and investors knows very well how to earn From Crypto currency so they are investing more and more money in the markest and very soon Crypto market will be stable and people who will be involved at this time they will be enjoying good profit very soon .

Yes, people are still earning even now that the market is stable. There are so many ways that one can earn through the cryptocurrency market, some are even investing while the market is down because strongly believe that there will continue to be more and more opportunities in the market. And for sure there would be the opportunity. We can’t tell when it’s going to be, but it’s sure going to happen.

But, we shouldn’t only be waiting for when the price would go up, always try to engage yourself in different ways that you would be able to earn in the market.

[Sled]

Bitcoin prices have been falling sharply for a few days. State of the marketplace is not going very well at the moment. For this, price of Bitcoin has come down. Although Bitcoin is a coin that is in great demand among people who are immersed in the world of currency. But there is more to it than just roaming and trading. Bitcoin, which has been in the middle of the last sixty-three months due to the lack of investment by big investors, is now down to forty, which is why the situation in British is like this.

Bitcoin hasn't yet gained strong support that could lift it up. Although there is high buyer demand, however, small players can't manipulate the market unlike how these whales and institutional investors influence it. Without their participation and social media influence, we can no longer see the market move high, decline can be possible. But, this seems not worrying, it rises back and changes its momentum someday, as usual, to see since before. Holding, I think we can do this.

[Tahsin Kabir Kollol]

The value of bitcoins is declining step by step and falling again and again despite repeated attempts to go up. This might be because of many elements, yet my reasoning is that when individuals with heaps of bitcoins begin selling at those exorbitant costs, the cost drops very much like some other market. On the other hand, it always appears that when the price of bitcoins starts to fall sharply, weak investors and some panic investors make the situation worse by selling bitcoins faster. Moreover, due to global warfare and the rising cost of living, people are losing interest in investing and shrinking investments by raising money. As a result of the decline in bitcoin investment and the cost of living through the sale of stored bitcoin, the value of bitcoins has begun to decline.

[Adbitco]

To say I would love to know if you actually witnessed what happened during 2017/2018 where bitcoin price went down serious even to a point were all hope was lost but then lot of people sold out causing dipping much yet not destructions, so I don't see any reason why there should be sudden change or destruction.
All I see is normal dip as usual maybe you need to go back the graph to read the previous year movement to understand clearly.

[Ebede]

I think the good days of Bitcoin are coming. Every beginning of bull market we get a bear market as well. The current Bitcoin price is still relatively good. However, its price has been steadily declining for several days. However, the market can run better from here. I think it is a natural process of crypto currency trading market.

The benefit of bitcoin investment of is patient and with patients you make good goals in bitcoin investment complains everywhere that bitcoin investment the time bitcoin will return full to the market is fast approaching because the investment is something we can take good care to look towards. Why it declining according to you is because of numbers

[rmhuntley]

today the price of bitcoin is still falling sharply on the global stock market where the price of bitcoin is currently still not so stable in the midst of the bad conditions of the world economy caused by wars in several countries.it also indirectly makes the price of bitcoin increasingly decline sharply in recent years Lastly.bitcoin's long-term performance is of course not a big problem considering the unstable price of bitcoin, but we are very confident that bitcoin prices can return to stability in the next few years.

[AakZaki]

today the price of bitcoin is still falling sharply on the global stock market where the price of bitcoin is currently still not so stable in the midst of the bad conditions of the world economy caused by wars in several countries.it also indirectly makes the price of bitcoin increasingly decline sharply in recent years Lastly.bitcoin's long-term performance is of course not a big problem considering the unstable price of bitcoin, but we are very confident that bitcoin prices can return to stability in the next few years.

Not only that, I think it's a power of trust. Confidence in the halving cycle repeats and provides a similar trend period. So this is natural for those who already understand the cycle and analysis of Bitcoin. So far there are still many investors and traders waiting for the right moment to re-enter buying Bitcoin. Because in the previous cycle even Bitcoin dropped more than 60% of the highest price, before reaching the new ATH price.

[TheGhostMan]

today the price of bitcoin is still falling sharply on the global stock market where the price of bitcoin is currently still not so stable in the midst of the bad conditions of the world economy caused by wars in several countries.it also indirectly makes the price of bitcoin increasingly decline sharply in recent years Lastly.bitcoin's long-term performance is of course not a big problem considering the unstable price of bitcoin, but we are very confident that bitcoin prices can return to stability in the next few years.

And as this is forecast to remain bearish, possibly around $25k, there are a lot of things that influence the drop. Before there was talk of the Covid-19 pandemic and now with the recent conflict in Ukraine and Russia. factors that influence the ups and downs of cryptocurrencies.

For investors, they could see this point as a long-term reversal as a series of rallies are forecast to push Bitcoin higher at some point because, as we all know, in a very volatile digital currency, the fact that it is its next move, but several traders and investors are predicting a "rebound effect" where it will go down but at some point take off like a rocket. So when I tell investors that they see this as a long-term investment, it is a call for those people who want to invest at the right time, since it would generate great returns in the future.

[RealMalatesta]

people are still earning even now that the market is stable. There are so many ways that one can earn through the cryptocurrency market, some are even investing while the market is down because strongly believe that there will continue to be more and more opportunities in the market. And for sure there would be the opportunity. We can’t tell when it’s going to be, but it’s sure going to happen.

But, we shouldn’t only be waiting for when the price would go up, always try to engage yourself in different ways that you would be able to earn in the market.

I am one of those people, I love investing at these prices and invest a bit more recently as well. I just do not feel like there is any logical argument over why we shouldn't invest when the price is at around 39k, it looks like 40k+ was so easy that we breeze through it for a while there.

I believe that we will definitely end up being 50k+ eventually, maybe not tomorrow or the day after but we are getting there for sure which means that if I invest right now then there is an easy and "guaranteed" (in my mind at least) 20-30% profit to me made from this easily. So, why not pick some up when you know that you could make that much profit from it?

[danadc]

I think that the probable cause for now is merely speculative, by the action of whales and traders that are currently at the expense of what they can see in the news or what they can show them the decrease in the fundamentals, call war or conflict that can generate chaos.

However, I like the approach that Pompliano has, which in his analysis has another way of seeing the market, which is good to have in detail every panorama, the first panorama that is not clear for the price to fall and the second that is The following point of view:

The Bitcoin bull also says that on-chain data reveals that more than half of BTC’s supply has not moved in 12 months, suggesting that investors are willing to hold the king crypto for the long haul.

“My favorite metric though is that 64.5% of Bitcoin hasn’t moved in a year. This market’s illiquid, and it’s going to take a catalyst of demand to drive the price higher. Where that comes from, I don’t know and neither do most people, but when it comes, as we’ve seen many many times before, Bitcoin moves fast once it gets going.”

Source: https://dailyhodl.com/2022/05/03/this-fundamental-bitcoin-feature-will-bring-in-next-wave-of-investors-according-to-btc-bull-anthony-pompliano/


In order not to derail the thread, in my personal opinion, most people are thought that Bitcoin can go down and much, if we take into account most we could say that for everyone they expect a low market, care if now when everyone expects a fall The opposite happens.

[Quidat]

Fundamentals might not really be that much of a thing on mattering that much about price movements but
we cant tell that it hasnt really affecting the market overall.

Bitcoin Diverges From Stocks as Fed Meeting Starts, Slips Toward $38K

Source: https://www.coindesk.com/markets/2022/05/03/bitcoin-diverges-from-stocks-as-fed-meeting-starts-slips-toward-38k/

Any news or events could really make out some effect but lets see if we would see some pumps after this one.

[Sir Legend]

Bitcoin used to go up and down, yesterday became the second bad record in 2022 because the price dropped more than 10%, of course this is a test of patience, but seeing the trend that is happening most investors panic because many influencers also believe that bitcoin price will drop again below $30 k.

[Dave1]

Bitcoin used to go up and down, yesterday became the second bad record in 2022 because the price dropped more than 10%, of course this is a test of patience, but seeing the trend that is happening most investors panic because many influencers also believe that bitcoin price will drop again below $30 k.

Right, this is going to long test of patience for everyone, specially who haven't seen the bear market in 2018, it was painful and yet we all passed it with flying colors in 2020 although there is a covid-19 effect.

If it drops to $30k or below, don't be dishearten, on the contrary, fill your bags with cheap BTC and have patience and resiliency and confidence that we will see a massive bull run in 2024-25.

[bitterguy28]

Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.

Just let your instinct helps you decide, either bitcoin and other coins .

[Shasha80]

Bitcoin used to go up and down, yesterday became the second bad record in 2022 because the price dropped more than 10%, of course this is a test of patience, but seeing the trend that is happening most investors panic because many influencers also believe that bitcoin price will drop again below $30 k.

Right, this is going to long test of patience for everyone, specially who haven't seen the bear market in 2018, it was painful and yet we all passed it with flying colors in 2020 although there is a covid-19 effect.

If it drops to $30k or below, don't be dishearten, on the contrary, fill your bags with cheap BTC and have patience and resiliency and confidence that we will see a massive bull run in 2024-25.

Since I've experienced what happened in 2018, seeing the decline in Bitcoin that's happening now doesn't make me panic. That gave me
the opportunity to buy more Bitcoin, because I believe in the future of Bitcoin, which the current decline is only temporary. Because no matter
how low the price of Bitcoin falls, I believe there will be a time when Bitcoin will rise again to a much higher price. But indeed for newbies or
people who have never experienced the bearish trend that occurred in 2018, seeing Bitcoin's decline now, they will panic and most will sell
their Bitcoins at low prices. People who sell Bitcoin at low prices will definitely regret it later.

Regarding my prediction about the price of Bitcoin, maybe Bitcoin will drop even lower than the current price, but I believe Bitcoin will not drop
below $30k. Because many institutions have invested in Bitcoin for a long-term, so the price support at $30k is very strong. So we really have
to be patient to face the current bearish trend, because patience is the key to successful investment in Bitcoin.