Bitcoin continues to decline, what causes it?

[n0ne]

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.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

The FED is increasing the interest rates lately and that's creating fear in the markets. That's the main cause. If the rates rise too much, the economy will stop and since bitcoin moves with the markets for a long time, if the economy stops, bitcoin will also go down. Bitcoin is correlated with the markets now. It used to be an independent asset but those days are long gone.

As the market is fluctuating between $39k and $41500, there is fear among the users that it could fall low anytime. As a result the greed and fear index of the market is at the worse. This is also a key factor for the short term bearish move. Along with this price have fallen down to the 50 day moving average. This shows that the market will retest $37k and the low bottom seems like $35k for now.

[qwertyup23]

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 .

This kind of movement is normal in the cryptocurrency world. Last week, the prices of BTC increased by around 5% but it slowly plummeted back to its current price (~$38,000). Again, what drives its price on the market is the law of demand and supply- lots of people are selling BTCs without some purchasing it on the market.

If I were in your shoes, I would consider this as an opportunity to acquire more BTCs in the process for long-term investment. Given that BTC is inflationary in its nature, you can actually take advantage of it by acquiring more and sell it on a later date in a price comfortable to your standards.

[kawetsriyanto]

As the market is fluctuating between $39k and $41500, there is fear among the users that it could fall low anytime. As a result the greed and fear index of the market is at the worse. This is also a key factor for the short term bearish move. Along with this price have fallen down to the 50 day moving average. This shows that the market will retest $37k and the low bottom seems like $35k for now.

FYI, the current price is about $38500, and looks like to drop to $37000. Not sure what you said about short-term bearish, but the Bullrun was over and we should move to the bearish season, right? In theory, it is just a beginning of a long bearish, probably takes around 2 years for the bearish period. For next month, I agree that it is possible to drop to a lower rate $35k. Then, the Bitcoin price may go to $30k in the next few months. Not surprised anymore because we are truly in the way of a bearish season.

[ninis45]

bearish bitcoin price is a common thing after the ATH last year maybe for this newcomer to be a disaster but for those who have been here for so long will say this is an opportunity and we know from the beginning of last year a lot of traders think bitcoin will reach 30/28K$ although until now we haven't seen it although I don't know the reason myself but experience has proven bitcoin will make a cycle

[Falconer]

The FED is increasing the interest rates lately and that's creating fear in the markets. That's the main cause. If the rates rise too much, the economy will stop and since bitcoin moves with the markets for a long time, if the economy stops, bitcoin will also go down. Bitcoin is correlated with the markets now. It used to be an independent asset but those days are long gone.

I agree on several points especially about the rate hike by the FED. But of course there are other reasons to know why the price of bitcoin has gradually dropped to this point. The decline was caused by high selling power or what is often referred to as supply and became the legal basis of the market in determining why the price of an asset fell.

Post-ATH last November many people assumed that it was the peak of ATH that probably won't be followed by another ATH in 2022 and 2023, but that assumption may not be completely justified as the price of bitcoin will not be predictable with all time. This can change at any time especially if something that increases purchasing power (demand) like fundamentals and hype pops up all around us.

[speedy963]

This kind of movement is normal in the cryptocurrency world. Last week, the prices of BTC increased by around 5% but it slowly plummeted back to its current price (~$38,000). Again, what drives its price on the market is the law of demand and supply- lots of people are selling BTCs without some purchasing it on the market.

If I were in your shoes, I would consider this as an opportunity to acquire more BTCs in the process for long-term investment. Given that BTC is inflationary in its nature, you can actually take advantage of it by acquiring more and sell it on a later date in a price comfortable to your standards.

Not just purchasing but stoplosses getting hit or sell orders by bots getting hit. That is mostly the reason why we can see drops that are pretty sharp and fast when support gets broken and as more support gets broken, more stoploss gets hit and so on which increases the momentum until it hits a stronger support with tons of buy orders or long positions. Which can signal a reversal if the market has enough buying pressure more than the selling pressure. Of course, consolidation may happen as well..

Now about buying, OP may be having problems with risk management or with greed since he may be chasing bottoms. Another thing that can make him hesitate at the moment may be because of using funds that he cannot afford to lose which makes him want to be more careful about buying.

[DOH!]

The FED is increasing the interest rates lately and that's creating fear in the markets.

Buy for the news, panic sell are things that often see it go awry as the market reels under actual regulations, bitcoin is doing better than the Fed, powerful governments are dealing with with dollars.  Lol, when you realize the cycle is starting to look like history has passed, you realize oh, why not buy and trust bitcoin at this price?

[blatchcorn]

As the market is fluctuating between $39k and $41500, there is fear among the users that it could fall low anytime. As a result the greed and fear index of the market is at the worse. This is also a key factor for the short term bearish move. Along with this price have fallen down to the 50 day moving average. This shows that the market will retest $37k and the low bottom seems like $35k for now.

Everyone has its own point of view about bitcoin price but IMO price of bitcoin is very much stable in the window of 35k$ to 45k$. I followed many prediction indicators about price of bitcoin but all failed. As long as price is fluctuating in b/w 35 to 45 its fine, anything outside will raise eye brows.

[Furious 7]

As the market is fluctuating between $39k and $41500, there is fear among the users that it could fall low anytime. As a result the greed and fear index of the market is at the worse. This is also a key factor for the short term bearish move. Along with this price have fallen down to the 50 day moving average. This shows that the market will retest $37k and the low bottom seems like $35k for now.

this is good enough indeed to keep margins safe for them because indeed this is still quite risky now because experiment after trial continues to be carried out if you look at Candles but until now it still hasn't worked and I think with the decline now and reflecting on the current movement of the FED which causes various panics, it is only natural that we can wait first for now because it could be like you said at any time there could be a possibility that the market decline will get worse

[ven7net]

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.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

Unfortunately, no one can say for 100% what will happen to the price of BTC, whether it will continue to decline, or whether it will rise again. And this is due primarily to the events that are taking place in the world. The fact is that serious changes are taking place in various industries, including the financial sector, which means that the preference of investors is changing. Based on this, it is very difficult to predict the price movement of BTC. But the rumors from different experts are different, who talk about future growth, who about the fall in the price of BTC, in general, as always. But I believe that the price of BTC was rising earlier because investors saw Bitcoin as a new better asset to save and increase funds. If this trend continues now, then the price of BTC will probably go to the moon.

[Hypnosis00]

Bitcoin recently hit ATH in terms of correlation with the S&P 500, so as long as the traditional market doesn’t go up or something drastic happens to break that correlation, we won’t see new highs. And I think there are currently zero reasons for a great performance for stocks. It is not a question of Bitcoin falling in this case, but everything is falling, with few excesses, it is a complex moment and in the end Bitcoin rose infinitely, right, this performance seems normal to me.

And the reason for its decline is uncertain. We can't finger point which one nor have something to blame. It was just the time has come that market will drop momentarily as it also drops the previous years. We neither to see Bitcoin always on highs, sometimes it falls for a reason and that is what we see.

However, despite this change, we still believe it rises again. People are still buying, many had come to take the opportunity and this become a reason that we can't be hopeless during its decline as sooner or later, pumps will show up just like in the old days.

[DoublerHunter]

As the market is fluctuating between $39k and $41500, there is fear among the users that it could fall low anytime. As a result the greed and fear index of the market is at the worse. This is also a key factor for the short term bearish move. Along with this price have fallen down to the 50 day moving average. This shows that the market will retest $37k and the low bottom seems like $35k for now.

this is good enough indeed to keep margins safe for them because indeed this is still quite risky now because experiment after trial continues to be carried out if you look at Candles but until now it still hasn't worked and I think with the decline now and reflecting on the current movement of the FED which causes various panics, it is only natural that we can wait first for now because it could be like you said at any time there could be a possibility that the market decline will get worse

^ That is how BTC work, the price fluctuate always at any time and probably the continued price decline is possible for many people to sell their BTC for their own reason. But on my own, I did not look at the market in a short period of time, seeing daily o weekly about the price, makes you paranoid and could probably have a result in panic selling. Just stay calm don't panic, and don't look at the market in a short period of time, holding long term is always good because as we know BTC price were increased without prior notice.

[AjithBtc]

Bitcoin recently hit ATH in terms of correlation with the S&P 500, so as long as the traditional market doesn’t go up or something drastic happens to break that correlation, we won’t see new highs. And I think there are currently zero reasons for a great performance for stocks. It is not a question of Bitcoin falling in this case, but everything is falling, with few excesses, it is a complex moment and in the end Bitcoin rose infinitely, right, this performance seems normal to me.

And the reason for its decline is uncertain. We can't finger point which one nor have something to blame. It was just the time has come that market will drop momentarily as it also drops the previous years. We neither to see Bitcoin always on highs, sometimes it falls for a reason and that is what we see.

However, despite this change, we still believe it rises again. People are still buying, many had come to take the opportunity and this become a reason that we can't be hopeless during its decline as sooner or later, pumps will show up just like in the old days.

The trust over the market is the driving force in the price of bitcoin. However it has got the ability to grow depending on the ongoing world market situation to some extent. This is all because of the market connection that is happening in the global market due to the maturing of the market. Anyhow we've did a good thing and there is nothing specific to be pointed as the prime reason for the price movements.

[Adetayo101]

It is good to understand how bitcoin works before investing on it . Volatility is part of bitcoin. Bitcoin market needs healthy correction . The decline in price is not new thing to those who have been in the system for long . I believe the correction will help the market and allow some new entrants in the market . Decline in price shouldn't be a new thing .

[horrifiedx1]

Bitcoin recently hit ATH in terms of correlation with the S&P 500, so as long as the traditional market doesn’t go up or something drastic happens to break that correlation, we won’t see new highs. And I think there are currently zero reasons for a great performance for stocks. It is not a question of Bitcoin falling in this case, but everything is falling, with few excesses, it is a complex moment and in the end Bitcoin rose infinitely, right, this performance seems normal to me.

And the reason for its decline is uncertain. We can't finger point which one nor have something to blame. It was just the time has come that market will drop momentarily as it also drops the previous years. We neither to see Bitcoin always on highs, sometimes it falls for a reason and that is what we see.

However, despite this change, we still believe it rises again. People are still buying, many had come to take the opportunity and this become a reason that we can't be hopeless during its decline as sooner or later, pumps will show up just like in the old days.

The trust over the market is the driving force in the price of bitcoin. However it has got the ability to grow depending on the ongoing world market situation to some extent. This is all because of the market connection that is happening in the global market due to the maturing of the market. Anyhow we've did a good thing and there is nothing specific to be pointed as the prime reason for the price movements.

something that usually happens. I think a lot of people are selling bitcoins until now so the price has come back down. and of course there are many factors that influence it, including investors who sell to wait for it to return to the area below it, so that with the same nominal will get more coins. Another factor is maybe because of the war that took place in Ukraine so that the situation is not yet conducive

[suryana]

bitcoin currently has a price that has fallen sharply in the stock market, there are several factors that influence the decline in bitcoin prices.one of which is adoption that has not been fully carried out by some groups or countries that want to adopt bitcoin widely even though there are several countries that have started to adopt bitcoin but bitcoin is still got a lot of opposition from various big companies so that the price of bitcoin has not been so stable and we really hope that bitcoin can return to its normal price as it has in recent years

[TheGreatPython]

FYI, the current price is about $38500, and looks like to drop to $37000. Not sure what you said about short-term bearish, but the Bullrun was over and we should move to the bearish season, right? In theory, it is just a beginning of a long bearish, probably takes around 2 years for the bearish period. For next month, I agree that it is possible to drop to a lower rate $35k. Then, the Bitcoin price may go to $30k in the next few months. Not surprised anymore because we are truly in the way of a bearish season.

A lot of people never want the cryptocurrency market to be bearish, but that is not going to be possible, each of the cycles have their own time that they will take place. So, whenever it is time for the market to be bullish, we would always see it being bullish, and when it’s the time for it to start going down it will do that.

The only thing that we have to do is just to have patience, if we’re able to have the patience, we would always be making the profit when it is right. At least if you should check few years back you would see that the price of Bitcoin wasn’t that high, it was very low and worse somewhere below $10,000, but today it is as high as $40,000 which is not bad. The least it goes this time around is $38,000 or $37,000.

[Emitdama]

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.

What are you into? If you’re into a flaking you can be taking the little profit from the price movement. If you have been following the price you would notice that the market has been moving from $38,000 to $42000. It has just been circling these two prices and you can be buying at this $38000 and selling at 40,000 as the cycle keeps on going. That there haven’t been a main bull run doesn’t mean that you can still make profit from the market, there is always an opportunity, it all goes down to the type of strategy that you decides to make use of.

[Nrcewker]

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.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

See mate i can really understand your concern and stress.
But you need to understand one thing, that Bitcoin follows the trend of supply and demand.
If the demand is more and the supply is less, then the price rises.
In this case the traders are selling their bitcoins, or you can say more amount of Bitcoins are sold.
This is the reason for which the price is fluctuating.
Hope this helps you OP to understand the matter a little better.

[Ultegra134]

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.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

See mate i can really understand your concern and stress.
But you need to understand one thing, that Bitcoin follows the trend of supply and demand.
If the demand is more and the supply is less, then the price rises.
In this case the traders are selling their bitcoins, or you can say more amount of Bitcoins are sold.
This is the reason for which the price is fluctuating.
Hope this helps you OP to understand the matter a little better.

It's not that simple as you describe, similarly to the stock market, price fluctuations happen for a variety of reasons. For instance, the whole financial depression due to the Ukrainian war isn't helping, everything is susceptible to volatility now, from commodities (Oil, grain, gold etc.) to stocks, and even cryptocurrencies. On top of that, the stock market is actually correlated with cryptocurrencies, thus, if one of them is impacted, the other is too.

You can actually see that the volume is higher than it was in May 2021, yes, it had peaked during the new all-time high in November, but the volume hasn't decreased as much as you're describing it.