The price dropping, any reason the huge dump?

[palle11]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

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[mk4]

It's basically because apparently the SEC is saying that the Bitcoin spot ETF filings are "inadequate". Not sure how major/minor this news actually is, but it's definitely what people reacted to.

https://www.coindesk.com/markets/2023/06/30/bitcoin-tumbles-on-report-of-sec-saying-spot-btc-etf-filings-inadequate/

[alastantiger]

Yes we are at the end of a quarter and in the financial world it is very significant time. Why so is because Large financial institutions involved in bitcoin are at this time making crucial decisions that would span into the next quarter. Yes, so that is why we see some price drop in bitcoin at least this is the best explanation I can come up with(I may be wrong but I do not see any other explanation).

[tbct_mt2]

It's basically because apparently the SEC is saying that the Bitcoin spot ETF filings are "inadequate". Not sure how major/minor this news actually is, but it's definitely what people reacted to.

https://www.coindesk.com/markets/2023/06/30/bitcoin-tumbles-on-report-of-sec-saying-spot-btc-etf-filings-inadequate/

SEC has never approved a Bitcoin Spot ETF and it is not a shock as they continue to reject this Bitcoin Spot ETF application. I guessed they will reject it because with such very big news like a first Bitcoin Spot ETF approval, it should be done in a bull market, not in a bear market.

I am watching Patrick McHenry and Financial Service GOP Twitters for more updates on it.

Gary Gensler and SEC are continuing to play their games but they will have to be governed more by rules.

[BD Crypto]

1. Sometimes market dumps a little bit for the correction because Bitcoin pumped from 25k level to 31K level. And sometimes FUD break a stable market to volatile as mk4 said about the news which may create FUD among the traders. So we should wait for some more hourly charts to observe the current situation. And already Bitcoin pumped back to above 30K.

2. This little dump can't be a sign to end the second quarter on Bear because from last week Bitcoin have done a nice growth and people started accumulating Bitcoin for the upcoming Bull Season. I am expecting a few dumps are remaining before the Bullrun which will be some small correction.

3. Bitcoin can't be predicted only based on the monthly chart. We can go more upward in July and obviously in the 3rd Quarter as we can see a vital growth in weekly chart. Already Bitcoin passed a long Bear Season and it's time to move to make history again.

[_act_]

Yes we are at the end of a quarter and in the financial world it is very significant time. Why so is because Large financial institutions involved in bitcoin are at this time making crucial decisions that would span into the next quarter. Yes, so that is why we see some price drop in bitcoin at least this is the best explanation I can come up with(I may be wrong but I do not see any other explanation).

I have checked it on many news now that it is because of the spot bitcoin ETF that the United States SEC did not approve. mk4 is very correct about this. The bitcoin spot ETF that SEC turned down has been the reason bitcoin price decreased from over $31000 to below $29500.

https://cointelegraph.com/news/bitcoin-overreacting-sec-etf-filings-btc-price-dives-6

The price has risen back a little and it is at $30400 after it rose to $30500 recently.

[electronicash]

happy feeling's gone when the price went more than $31k and then the red candle plunges the price. feels like it's been manipulated to make everyone frown while our excitement was at its highest. Gensler can really ruin the day when you think you're the happiest.

i think there is the need for more countries that encourages banks to support crypto not just Hongkong and Spain so that crypto will not reply to US regulators.

[rhomelmabini]

An opportunity strike once again, I think this dump will be good for accumulation, it's probably that SEC is stirring things up once again. As far as I understood it's not that new to spot ETFs and the headline doesn't seems to be that alarming tbh, it's just the market reacts without scanning the whole context.

[RewFrew]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

Today's we saw huge dump For Bitcoin and others cryptocurrency market. I think it happen for : SEC says the spot #Bitcoin ETF filings are Inadequate. I think Bitcoin dump for this news. After this news Bitcoin price fall $1k within one minit. But within short time bitcoin price bounced. Now bitcoin price $30700 again. No i cannot think it is sign of bear. As bitcoin price pumped agin monthly candle can show sign of bull.

[Timmzzy]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

Too bad i started with crypto, as at 2018 but today i dont trade crypto anymore i just get to love forex, with the knowledge of forex market and its behaviors, i get to understand it actually has a high impact on the crypto market lets just have fingers crossed to see what the month of July will do. we cant actually predict if

Its a sign to end the second quarter on a bear?

[goaldigger]

SEC issues again and of course that a resistance level, and its not easy to break it.
This could be another opportunity for us to accumulate, don’t listen to those FUD and continue to buy more. This is why implementing ETF is still not possible with SEC, they have so many issues about it. Again, don’t panic and see this as a buying phase again.

[Johnyz]

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

We might see BTC trying to break the resistance again because this is just a temporary correction and just a short FUD from SEC.
We should start looking at the market for long term now because Bitcoin is about to break the resistance, maybe it just need more time to do this but we are getting there. I don't know much about the issue of ETF and with SEC but if this FUD continues to spread in the market, then we might see a more cheaper price, try to wait for it.

[DoublerHunter]

SEC issues again and of course that a resistance level, and its not easy to break it.
This could be another opportunity for us to accumulate, don’t listen to those FUD and continue to buy more. This is why implementing ETF is still not possible with SEC, they have so many issues about it. Again, don’t panic and see this as a buying phase again.

^ I agree and that is definitely right the line that I highlighted above, don't panic.
Instead, make this opportunity to fulfill your bag again and hold it while it has a BTC price resistance. I suggest also doing a DCA or buying BTC, instead of making a single large purchase, you may consider spreading your investment over time using a strategy called dollar-cost averaging. This involves investing a fixed amount at regular intervals, regardless of the price. This strategy can help mitigate the risk of making a large investment at an unfavorable price. The main reason would be all CEXs were facing the same issue against on SEC which is government pushing it right now.

[irhact]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

We can't say we're ending the second quarter been bearish when we're also trading close to the highest price Bitcoin has been trading since the start of the year, Bitcoin has only made it to $31k one time since the year started and we're ending the month around that price as well. I'll say the next quarter of the year will be good for Bitcoin because more people will be buying Bitcoin as the preparations start heating up for the halving. So many reasons can be presented as the reason behind the recent price falling but I see it as the market relaxing.

We'll continue from where the market stop next month and keep rising, I see Bitcoin breaking pass $35k next month and also trading at the price for a very long time and not just testing it and retracing back below the price. Next month would be bullish that's my prediction.

[jossiel]

I still don't know the reason behind it but it seems our friends telling that it's because SEC releasing a statement about SEC should do it.

But no matter what again, Bitcoin easily recovers and goes back to $30k quickly. And even if there is no reason, it's normal to see these dumps every after bump that we see.

Then, we go from there and that news impact did a bit a lot but very short time.

[tbct_mt2]

We'll continue from where the market stop next month and keep rising, I see Bitcoin breaking pass $35k next month and also trading at the price for a very long time and not just testing it and retracing back below the price. Next month would be bullish that's my prediction.

I don't focus on trading and I don't want to let my emotion changes with market. If you predict that price will move up to $35k in July but what do you feel if it won't move up, but down.

Have to consider that if you buy and wait for its rise, you will feel disappointed. If you have a Long position and it falls down, you will have loss with your leverage trading by your cut loss or forced liquidation.

I look a wider view, till 2024 halving and I DCA (Dollar Cost Averaging) to stack more bitcoin in last 10 months till halving.

https://dcabtc.com/

[mk4]

SEC has never approved a Bitcoin Spot ETF and it is not a shock as they continue to reject this Bitcoin Spot ETF application. I guessed they will reject it because with such very big news like a first Bitcoin Spot ETF approval, it should be done in a bull market, not in a bear market.

I am watching Patrick McHenry and Financial Service GOP Twitters for more updates on it.

Gary Gensler and SEC are continuing to play their games but they will have to be governed more by rules.

https://pbs.twimg.com/media/Fzy--p7aMActmx3?format=jpg&name=small[/img][img width=400]https://pbs.twimg.com/media/Fzy--p8acAAPE-Z?format=jpg&name=4096x4096

They haven't really rejected the spot ETFs yet — they're just asking for more information about who the custodian will be (Coinbase in this case). Fidelity and others have now resubmitted with more information, with all(as far as I know) pointing to Coinbase.

[tbct_mt2]

They haven't really rejected the spot ETFs yet — they're just asking for more information about who the custodian will be (Coinbase in this case). Fidelity and others have now resubmitted with more information, with all(as far as I know) pointing to Coinbase.

Sorry, I did not use a correct word. They did not reject it but require additional information before they can consider more, then approve or reject it.

The process takes time even companies will fill in additional information quickly. I still stand with my point that first Bitcoin Spot ETF will not be approved in a bear market. If SEC approves a first one, it will be in a bull run next year or next two year.

Think that SEC will approve it in a bear market is too optimistic.

[South Park]

I still don't know the reason behind it but it seems our friends telling that it's because SEC releasing a statement about SEC should do it.

But no matter what again, Bitcoin easily recovers and goes back to $30k quickly. And even if there is no reason, it's normal to see these dumps every after bump that we see.

Then, we go from there and that news impact did a bit a lot but very short time.

While the charts may impress a few people out there as the price went down in a matter of minutes, we can see that overall not much happened, very quickly the bulls noticed the drop and bought the bitcoin they could taking advantage of the discount and then the price recovered, and all of this happened in the lapse of a few hours so there are many traders out there which may not have even noticed that such a dump happened at all.

[dothebeats]

It's basically because apparently the SEC is saying that the Bitcoin spot ETF filings are "inadequate". Not sure how major/minor this news actually is, but it's definitely what people reacted to.

https://www.coindesk.com/markets/2023/06/30/bitcoin-tumbles-on-report-of-sec-saying-spot-btc-etf-filings-inadequate/

Pardon my ignorance but ETFs are still a thing that people still react to? Upon doing a quick search, it seems like the SEC didn't really completely rejected the filings, just asking for more information. Not sure why traders and people react to this that much, because the news seems harmless and it's not really disrupting a lot of things in the crypto space, if anything.

In bitcoin trading, I guess this is the part wherein I don't completely understand the dynamics, or I'm just too dumb to see the gravity of such news to the cryptospace.

[mk4]

Sorry, I did not use a correct word. They did not reject it but require additional information before they can consider more, then approve or reject it.

The process takes time even companies will fill in additional information quickly. I still stand with my point that first Bitcoin Spot ETF will not be approved in a bear market. If SEC approves a first one, it will be in a bull run next year or next two year.

Think that SEC will approve it in a bear market is too optimistic.

I don't think bitcoin being in a bull market or a bear market matters at all. The SEC will approve/decline the spot ETF mostly based on their requirements(liquidity, fraud or the lack of thereof, etc) — regardless of price.

[blockman]

In bitcoin trading, I guess this is the part wherein I don't completely understand the dynamics, or I'm just too dumb to see the gravity of such news to the cryptospace.

Sometimes it's random and sometimes it is what it is. I've been keen and observant whenever there is news, some good news doesn't rely on the matter at all. But at most times, these gives little impact on the market just as these ETF applications do. Well, in a bear market it's totally different, whether there are a bunch of good news that will be seen in the market, it's still not going to do any much effect to the entire market.

[Patrol69]

For some time now in the Bitcoin market we have seen the price of Bitcoin rise but suddenly yesterday the price of Bitcoin crossed $31000 but shortly after that the market came back to $29000. In other words, in just a few hours, the market fell by almost two thousand dollars. After the market moved to $29,000, the market again moved slightly above $30,000. In other words, the market, which was in a normal state for some time, has gone back to that normal state. But suddenly I can't understand the behavior of the market in a few hours. If a coin suddenly increases in value, the increase is not permanent.

[Pandu Geddon]

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

I guess this is just the impact of the bounce after the previous correction. and now the price of Bitcoin has also been readjusted. the situation could just as well go back on a dip to $27k. but I don't think any time soon there will be bad news that takes Bitcoin below $25k.
Whether we realize it or not, we can see the dump and pump situation several times from the first quarter of this year. and the situation continued until almost the close of the 2nd quarter of this year.
Bitcoin will probably stay strong at $30k. unless there is news that could really make things worse in the market in the near future.

[WatChe]

For some time now in the Bitcoin market we have seen the price of Bitcoin rise but suddenly yesterday the price of Bitcoin crossed $31000 but shortly after that the market came back to $29000. In other words, in just a few hours, the market fell by almost two thousand dollars. After the market moved to $29,000, the market again moved slightly above $30,000. In other words, the market, which was in a normal state for some time, has gone back to that normal state. But suddenly I can't understand the behavior of the market in a few hours. If a coin suddenly increases in value, the increase is not permanent.

I don't think its a huge dump as OP is saying, the price went below 30k$ but is now once again gone up to 30.4k$. 31k$ is the new resistance level for Bitcoin and such glitches are witnessed whenever Bitcoin tries to surpass a resistance level. This downfall may also be after SEC has ruled out ETF from BlackRock and other companies as Inadequate. It will be interesting to see how Bitcoin market will react if SEC didnt allow BlackRock and others to launch there ETF's, which many think will be game changer for the market. 

[Mpamaegbu]

It's basically because apparently the SEC is saying that the Bitcoin spot ETF filings are "inadequate". Not sure how major/minor this news actually is, but it's definitely what people reacted to.

Sometimes I wonder why Bitcoin fans allow the dumbass SEC manipulate them into dumping. Why any negative news from SEC even make any hodler and adherent flinch is what I don't understand. In my few years in this industry I've come to realize the place of time and season to the point that I always know it's just a matter of time for every dip to act as price correction. Again, I think these SEC dudes know how to shake the market so they can get in cheap. I'm sure some of them hodl and trade these cryptocurrencies they antagonize in the open. It's a mind game.

[joniboini]

Sometimes I wonder why Bitcoin fans allow the dumbass SEC manipulate them into dumping. Why any negative news from SEC even make any hodler and adherent flinch is what I don't understand.

I don't think those who trade/shorts Bitcoin for news like this are fans though. Most of them are probably daily traders or VCs who want to make a profit anytime. Those who hold BTC or a fans of it will keep holding their money and ignore the short-term market movement. I'm pretty sure most of them are familiar with how the market works at this point.

[jossiel]

I still don't know the reason behind it but it seems our friends telling that it's because SEC releasing a statement about SEC should do it.

But no matter what again, Bitcoin easily recovers and goes back to $30k quickly. And even if there is no reason, it's normal to see these dumps every after bump that we see.

Then, we go from there and that news impact did a bit a lot but very short time.

While the charts may impress a few people out there as the price went down in a matter of minutes, we can see that overall not much happened, very quickly the bulls noticed the drop and bought the bitcoin they could taking advantage of the discount and then the price recovered, and all of this happened in the lapse of a few hours so there are many traders out there which may not have even noticed that such a dump happened at all.

True.

It all happened so fast that when it dropped, we didn't feel that much of a worry with that moment because the price recovered quickly.

And that is because many of those that are waiting on that sell order around $29k have taken all of those. So, we didn't feel a lot with that plummet.

[jeraldskie11]

Sorry, I did not use a correct word. They did not reject it but require additional information before they can consider more, then approve or reject it.

The process takes time even companies will fill in additional information quickly. I still stand with my point that first Bitcoin Spot ETF will not be approved in a bear market. If SEC approves a first one, it will be in a bull run next year or next two year.

Think that SEC will approve it in a bear market is too optimistic.

I don't think bitcoin being in a bull market or a bear market matters at all. The SEC will approve/decline the spot ETF mostly based on their requirements(liquidity, fraud or the lack of thereof, etc) — regardless of price.

According to my observations in the market, any news from the SEC has a significant impact on market prices. For me, the bull and bear markets really matters because when the market is bullish but we hear bad news from the SEC, we see the price decrease, but this move is usually a retracement to allow other investors or institutions to buy before the market goes up. And if the market is bearish then we heard a good news from SEC mostly this up move in the market is just a retracement to let the investors sell their assets at a higher price..

[palle11]

True.

It all happened so fast that when it dropped, we didn't feel that much of a worry with that moment because the price recovered quickly.

And that is because many of those that are waiting on that sell order around $29k have taken all of those. So, we didn't feel a lot with that plummet.

Probably there were many support traders around $29k above who had orders for buy and as soon as the dump got down there it became a strong nut to broken therefore a test happened and the price went back to the levels of $30k.

[jossiel]

True.

It all happened so fast that when it dropped, we didn't feel that much of a worry with that moment because the price recovered quickly.

And that is because many of those that are waiting on that sell order around $29k have taken all of those. So, we didn't feel a lot with that plummet.

Probably there were many support traders around $29k above who had orders for buy and as soon as the dump got down there it became a strong nut to broken therefore a test happened and the price went back to the levels of $30k.

Yeah, that's probably what happened.

I think every support there goes the traders that are just waiting for it to come. It's all set automatically and that's why it's easy to come back and the buying pressure is being filled even the dump is just fresh.

That's what we're usually seeing now unlike before, it takes a few days to weeks until we see a recovery.s

[khiholangkang]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

I do not think why people are easily depressed when the market is red, even though as we know that after the increase there is always a correction if seen technically, it does not seem that bad, even though the monthly candle is closed with a red candle but today the market is acting into green and still survive in the $ 30k area.
I think that Bitcoin in the 3rd quarter will be better if there is no FUD that forces Bitcoin to have to correct deeper.

It's basically because apparently the SEC is saying that the Bitcoin spot ETF filings are "inadequate". Not sure how major/minor this news actually is, but it's definitely what people reacted to.

https://www.coindesk.com/markets/2023/06/30/bitcoin-tumbles-on-report-of-sec-saying-spot-btc-etf-filings-inadequate/

Yes maybe it is one of the factors why there is a price correction in bitcoin, the reaction of people when he sees good news about the launch of the Bitcoin ETF trade by a large blackrock company, triggers a market increase, after the blackrock proposal is rejected by the SEC seem to be a little scared in a few investors and sell their bitcoin.

[Husires]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

The price decreased from 31K to 30.5K, and even if it was 2k down, the rate of change is less than 1%. This is if we ignore that the price was in the range of 26k a few days ago and less than 18k within a few months.

we cant say it is a huge dump. Bitcoin does not need a reason to move within 5%, which is a normal price change.

Is this a sign to end the second quarter on a bear?

We have strong resistance at $32,000 and strong support at $26,000, as we will test these levels several times before the price is above $40,000.

source

[jasonjm]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

Currently, the market is reacting to the news from the SEC, but the market will likely correct itself after a pump. It seems like the bear is taking over the bulls at the moment.  

[adaseb]

We will know by Aug if they approve all these Bitcoin Trusts or not. I think the first one to get approved or rejected is Ark ETF.

If they approve ARK they will approve Blackrock. And with this news we will rally. Most likely keep rallying until it goes live and then dump right after like the prior 2 times.

[michellee]

Right now, the Bitcoin price is still at $30k but I guess there will be a bit of a dip again but let's hope it doesn't happen. And if the condition of the Bitcoin price is still the same this month or will decrease like the previous months, that's okay because it is an opportunity for us to buy Bitcoin at a low price.

I don't really think about why Bitcoin is going up or down because I am thinking about how to increase my Bitcoin amount. My focus is not for now but for the long term so whatever happens with the market, as long as I still buy Bitcoin at low prices, that's an opportunity for me.

I hope people out there don't panic about anything the government has issued so that the price of Bitcoin doesn't go down again. And if that can be done, I'm sure the price of Bitcoin will not decrease and instead can maintain its position or even increase even higher. It depends on how we can respond to what's happening out there.

[lalabotax]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

The two are often debated which one is better to hold. if you can do both why not? Just be realistic, when doing business, we don't just rely on 1 income, right? Even more so in investment. I personally prefer money management with diversification. So it's not all in one on one investment like only Bitcoin or Gold. So there is some money for Bitcoin, some for Hold, some even for others such as property and others. Because after all, each has its plus and minus sides that we can take and consider.

[justdimin]

I still don't know the reason behind it but it seems our friends telling that it's because SEC releasing a statement about SEC should do it.

But no matter what again, Bitcoin easily recovers and goes back to $30k quickly. And even if there is no reason, it's normal to see these dumps every after bump that we see.

Then, we go from there and that news impact did a bit a lot but very short time.

SEC releasing statement about SEC? I think this was a typo but my guess it was Binance you're supposed to say there. It was still an old issue and I think it's not responsible for the recent decline that we feel. I never hear a negative news lately so I assume it's only a normal drop as you said. I think this is the correction that they are talking about.

Anyways, we are back again at $30k which should be our newest and strongest support excluding correction of course. Those who keep an eye of the dump and then buy quickly are lucky because they easily score a profit there. For those who are already HODLing, don't worry because your time will also come soon.

[rybako]

Based on the weekly chart as of this writing, it's holding steady at the $30,600 range. I think this is going to be a great week. 

[TheSpiral]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

$2k is not big we name it huge dump. above 31k was just testing flow of money and Bitcoin rejected from there which cause this sudden dump. we will see many time this kind of rise and fall and trader will try to break the support but if many time they couldn't then it will lead to $2k or more dump. as far as btc trade above 25k$ then no need to worry. we could see small panic in market but it will be recovered soon.

[AmoreJaz]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

$2k is not big we name it huge dump. above 31k was just testing flow of money and Bitcoin rejected from there which cause this sudden dump. we will see many time this kind of rise and fall and trader will try to break the support but if many time they couldn't then it will lead to $2k or more dump. as far as btc trade above 25k$ then no need to worry. we could see small panic in market but it will be recovered soon.

the OP may have not seen such large dump in the previous years, hence, he thought the decline of 2k is such a big deal for him. however, looking at the market today, we are again above 31k. so yeah, if someone bought when it was below 30k, he is already enjoying his profits. it may not be big, but volatility in this market is real where you can earn profits if you know when to buy and sell your coins. scalping is still alive if you are good at it.

[milewilda]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

-$2k is a huge dump?

Seeing that you are already a Sr. member which you supposedly been wary about on how volatile this market is and having that 2k movement whether going up or down is already that a normal day here on this space,
or simply not that something for you to be shocked. Reason? It would be most likely be on fundamentals or news around on which it would really be not that shocking anymore that this crypto market is really that
most likely be having that kind of impact specially on economic related reasons on which most people is always keeping an eye with these events and applying it into their analysis.

How about with the current state or price we do have now? We are still sitting on 31k as of today and if the price would be hitting up 32k then i would say that panic buying would be starting on this point.
Unless if there would really be some huge sell out on this level or price point then we might be seeing 27-28 once again which its never been that something new. Expect the unexpected as always
because its always been like this.

[jossiel]

I still don't know the reason behind it but it seems our friends telling that it's because SEC releasing a statement about SEC should do it.

But no matter what again, Bitcoin easily recovers and goes back to $30k quickly. And even if there is no reason, it's normal to see these dumps every after bump that we see.

Then, we go from there and that news impact did a bit a lot but very short time.

SEC releasing statement about SEC? I think this was a typo but my guess it was Binance you're supposed to say there. It was still an old issue and I think it's not responsible for the recent decline that we feel. I never hear a negative news lately so I assume it's only a normal drop as you said. I think this is the correction that they are talking about.

Yeah a typo but it's still all about SEC. But wouldn't matter much now, we're back to a better price again.

Anyways, we are back again at $30k which should be our newest and strongest support excluding correction of course. Those who keep an eye of the dump and then buy quickly are lucky because they easily score a profit there. For those who are already HODLing, don't worry because your time will also come soon.

If this becomes a support, the confidence that I'm getting for long term is much better than when we're seeing it under $20k. It's much better that we're likely seeing how times is recovering for bitcoin.

And at the same time, we're getting closer to the halving time.

[Inspiron14]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

$2k is not big we name it huge dump. above 31k was just testing flow of money and Bitcoin rejected from there which cause this sudden dump. we will see many time this kind of rise and fall and trader will try to break the support but if many time they couldn't then it will lead to $2k or more dump. as far as btc trade above 25k$ then no need to worry. we could see small panic in market but it will be recovered soon.

the OP may have not seen such large dump in the previous years, hence, he thought the decline of 2k is such a big deal for him. however, looking at the market today, we are again above 31k. so yeah, if someone bought when it was below 30k, he is already enjoying his profits. it may not be big, but volatility in this market is real where you can earn profits if you know when to buy and sell your coins. scalping is still alive if you are good at it.

Yes, with the high volatility of the crypto market, it allows us to make a profit if we can take advantage of it,
when the market goes down sometimes we are still waiting for it to go back down again which actually makes us miss a good moment to buy,
those with experience will be wiser in making decisions.

[Xampeuu]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

$2k is not big we name it huge dump. above 31k was just testing flow of money and Bitcoin rejected from there which cause this sudden dump. we will see many time this kind of rise and fall and trader will try to break the support but if many time they couldn't then it will lead to $2k or more dump. as far as btc trade above 25k$ then no need to worry. we could see small panic in market but it will be recovered soon.

the OP may have not seen such large dump in the previous years, hence, he thought the decline of 2k is such a big deal for him. however, looking at the market today, we are again above 31k. so yeah, if someone bought when it was below 30k, he is already enjoying his profits. it may not be big, but volatility in this market is real where you can earn profits if you know when to buy and sell your coins. scalping is still alive if you are good at it.

Yes, with the high volatility of the crypto market, it allows us to make a profit if we can take advantage of it,
when the market goes down sometimes we are still waiting for it to go back down again which actually makes us miss a good moment to buy,
those with experience will be wiser in making decisions.

precisely for those who are experienced in taking advantage of this moment to seek big profits, this is not a big dump but high volatility, which is a pleasure for traders to take advantage of price fluctuations that occur. So do not be surprised if those who don't understand will feel panic because according to him this is a big decline. therefore understanding the characteristics of the bitcoin market is very important to keep our psychology stable

[Quidat]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

$2k is not big we name it huge dump. above 31k was just testing flow of money and Bitcoin rejected from there which cause this sudden dump. we will see many time this kind of rise and fall and trader will try to break the support but if many time they couldn't then it will lead to $2k or more dump. as far as btc trade above 25k$ then no need to worry. we could see small panic in market but it will be recovered soon.

the OP may have not seen such large dump in the previous years, hence, he thought the decline of 2k is such a big deal for him. however, looking at the market today, we are again above 31k. so yeah, if someone bought when it was below 30k, he is already enjoying his profits. it may not be big, but volatility in this market is real where you can earn profits if you know when to buy and sell your coins. scalping is still alive if you are good at it.

Yes, with the high volatility of the crypto market, it allows us to make a profit if we can take advantage of it,
when the market goes down sometimes we are still waiting for it to go back down again which actually makes us miss a good moment to buy,
those with experience will be wiser in making decisions.

precisely for those who are experienced in taking advantage of this moment to seek big profits, this is not a big dump but high volatility, which is a pleasure for traders to take advantage of price fluctuations that occur. So do not be surprised if those who don't understand will feel panic because according to him this is a big decline. therefore understanding the characteristics of the bitcoin market is very important to keep our psychology stable

For noobs or starters - When they do see the price is going down then they do panic
For those veterans - They would really be seeing this as an opportunity for them to get in and accumulate more.

Experience would really be totally different in between people and this is why actions would be made out would really be basing up on their knowledge.
This is why on the time that we do see the price is dropping then it is really just that a normal movement of a market because we cant really be just having a continuous increase in price.
We cant really call it a market if its really just that like that. Expect the drops because this would really be an opportunity for us to buy cheap and sell later on when it rises.

[death69]

For noobs or starters - When they do see the price is going down then they do panic
For those veterans - They would really be seeing this as an opportunity for them to get in and accumulate more.

Experience would really be totally different in between people and this is why actions would be made out would really be basing up on their knowledge.
This is why on the time that we do see the price is dropping then it is really just that a normal movement of a market because we cant really be just having a continuous increase in price.
We cant really call it a market if its really just that like that. Expect the drops because this would really be an opportunity for us to buy cheap and sell later on when it rises.

Indeed, different individuals approach market dynamics based on their own understanding. For newcomers, they see a price drop as a catastrophic event, eliciting panic. More seasoned investors, on the other hand, see it as an opportunity for profit.

Drops in price are, fundamentally, normal fluctuations within a market ecosystem. Without these variations, the very concept of a "market" would be void. It would be akin to observing a river without any currents - the fundamental essence of a river is missing.

Seeing a drop in price as an opportunity is not merely a strategy, but a worldview that accepts the inevitable ups and downs of market behaviour. This viewpoint rejects the desire for a continually rising market, as this is inherently unnatural and unsustainable. Therefore, it is wise to utilize the drops as opportunities for acquiring assets at a lower cost.

[Fivestar4everMVP]

If the price falls, then there is a reason - the conclusion is quite simple. A question in other - whether the reason is correctly established. This is completely different and requires a completely different approach to work.

Clearly, I do not understand what or where exactly this your comment was or is heading to, I can't seem to make out any point in it no matter how many times I read it..

But just so you know, Mk4 has already given the correct answer as to why the price of bitcoin experienced that kind of significant dump it experienced on the 30th of June, which is also the same day op started this thread.

And yeah, like the first line of your comment says, every price action does have a reason backing it, though sometimes, when it seems there is no reason, pure speculation is also a very good reason.

[AakZaki]

Indeed, different individuals approach market dynamics based on their own understanding. For newcomers, they see a price drop as a catastrophic event, eliciting panic. More seasoned investors, on the other hand, see it as an opportunity for profit.

Drops in price are, fundamentally, normal fluctuations within a market ecosystem. Without these variations, the very concept of a "market" would be void. It would be akin to observing a river without any currents - the fundamental essence of a river is missing.

Seeing a drop in price as an opportunity is not merely a strategy, but a worldview that accepts the inevitable ups and downs of market behaviour. This viewpoint rejects the desire for a continually rising market, as this is inherently unnatural and unsustainable. Therefore, it is wise to utilize the drops as opportunities for acquiring assets at a lower cost.

The decline is an opportunity that must be utilized properly. a few drastic drops to the floor are a good opportunity to start collecting assets at a low price.
There is no market situation that always goes up and keeps going up, there will be times when a correction is really needed so that the market is healthier and can continue the next increase. Using a strategy combined with taking advantage of opportunities will be very good to apply.

[Natalim]

Drop isn't new in the market, just consider it as free fall as everything happens here - up and down. And it was not the thing we worried about but rather think that this is really how the market works. Might be because of the SEC, some FUDs, negative news, etc - all of them are a sort of manipulating factor that would affect the price but just believe that Bitcoin won't go that low anymore that we must be worried off, better make this a reason to buy more the same thing that the others did.

[RewFrew]

Pump and dump is natural behaviour of cryptocurrency market. We saw from some days Bitcoin and all cryptocurrency market very positive. Bitcoin price increased near about 15% within short time. But all thon market only will up it is not possible. Now bitcoin price dumping so i think it is normal behaviour of this market. And i think it is correction time. After correction bitcoin and other currency price will up there has no doubt. I think now we are in bull market. Now bitcoin price is near about $30k and after correction bitcoin price will hit new ATH.

[nur rochid]

Drop isn't new in the market, just consider it as free fall as everything happens here - up and down. And it was not the thing we worried about but rather think that this is really how the market works. Might be because of the SEC, some FUDs, negative news, etc - all of them are a sort of manipulating factor that would affect the price but just believe that Bitcoin won't go that low anymore that we must be worried off, better make this a reason to buy more the same thing that the others did.

I think this is a normal cycle which can occur from various possibilities. However, what we can use as a reference is that conditions like this do not last long, so there is no need to panic. instead we have to be able to use it to buy when panic prices come, because we actually know the characteristics of bitcoin. and the events of 2018 may not have happened for now, at which time bitcoin reached a price of $3500, due to panic among investors. therefore for now we actually have to hunt for prices if there is a dump, as before bitcoin touched a price of $ 16500

[gunhell16]

I noticed that it seems to be a bit difficult to break the 32k$ support because even at 31k$ the value is also pulled down a bit immediately, especially what update is happening in the lates news in cryptocurrency.

But when there is firm news that positively impacts the community, certainly, it will suddenly pump up the market again, which can be fake or true, kicking its value. But for now, we're on standby again for the upcoming major event a few weeks from now.

[palle11]

However, what we can use as a reference is that conditions like this do not last long, so there is no need to panic. instead we have to be able to use it to buy when panic prices come, because we actually know the characteristics of bitcoin. and the events of 2018 may not have happened for now, at which time bitcoin reached a price of $3500, due to panic among investors. therefore for now we actually have to hunt for prices if there is a dump, as before bitcoin touched a price of $ 16500

The scenario of what happened in 2018 like you analysed that bitcoin dropped from $20k down to $4k and after some time went further down to $3,500 before picking again in 2020 during the COVID-19 will not repeat itself again. The reason it won't repeat again is there is more awareness that has made the desire to acquire bitcoin has increased. Now, so many are waiting for such drop to enter the market so you see people setting DCA slightly below $30k, some $25k and $20k. So now the price rally going down to $25k will have a strong support where buys are waiting to buy, also in $20k levels. So I don't think we could see such ridiculous fall before halving.

[justdimin]

Indeed, different individuals approach market dynamics based on their own understanding. For newcomers, they see a price drop as a catastrophic event, eliciting panic. More seasoned investors, on the other hand, see it as an opportunity for profit.

Drops in price are, fundamentally, normal fluctuations within a market ecosystem. Without these variations, the very concept of a "market" would be void. It would be akin to observing a river without any currents - the fundamental essence of a river is missing.

Seeing a drop in price as an opportunity is not merely a strategy, but a worldview that accepts the inevitable ups and downs of market behaviour. This viewpoint rejects the desire for a continually rising market, as this is inherently unnatural and unsustainable. Therefore, it is wise to utilize the drops as opportunities for acquiring assets at a lower cost.

It will still depend on the coin. Veterans won't just be excited after seeing a shitcoin goes down but they will automatically avoid it because once shitcoin goes down, it can hardly recover anymore, unlike to a top coin that a dump in their price is only an opportunity given to the buyers.

There will always be a drop in price in any types of financial markets including here in crypto whether it is a normal fluctuation, caused by a fundamental factor, or a technical one. A river can have no currents sometimes and so as the financial markets. There will be a stability sometimes. Buying when the price is low is also a kind of a strategy as opposed to buying high and selling high.

[salad daging]

I noticed that it seems to be a bit difficult to break the 32k$ support because even at 31k$ the value is also pulled down a bit immediately, especially what update is happening in the lates news in cryptocurrency.

My analysis it will not be difficult, I know in a few weeks bitcoin still can not break the resistance at the price of $32k but I believe it can be exceeded in this month, there is little positive news then the price will rise but I see the movement still remains sideways that I see now.

But when there is firm news that positively impacts the community, certainly, it will suddenly pump up the market again, which can be fake or true, kicking its value.

I don't think it's going to be a public shock perhaps if anything more positive points to bitcoin it'll just be a bit of a recovery to try the next break out, although we don't expect any deeper declines.

But for now, we're on standby again for the upcoming major event a few weeks from now.

What big event is it in the coming week?

[darewaller]

Drop isn't new in the market, just consider it as free fall as everything happens here - up and down. And it was not the thing we worried about but rather think that this is really how the market works. Might be because of the SEC, some FUDs, negative news, etc - all of them are a sort of manipulating factor that would affect the price but just believe that Bitcoin won't go that low anymore that we must be worried off, better make this a reason to buy more the same thing that the others did.

True and even in the time that cryptos are not yet here, drops are already happening in the stock and other markets. The term free fall you use there is related to gravity but that is only natural while in the financial markets there are manipulations that can sometimes occur but people are already used to this that they treat it a normal market condition and besides, they can still be able to ride it just like a normal market movement. So what if Bitcoin can go lower than usual? Didn't you know that many people are actually wishing for it to happen? If we combine all of their buying force, Bitcoin will rise and manipulations can hardly counter it.

[Nrcewker]

This is the market. While you will find out the reason, the situation will change several times. Here you must always look a few steps ahead. There is only one chance in this case.

Absolutely on point. In trading you need to always be predictive. You need to analyse the market conditions and estimate the direction of the coin. But if we generally see then many factors affects the price of the coin. The basic and most important factor which directly affects the price is it’s demand among the public. Bitcoins and many assets follow the principle of supply and demand. So yes if the demand is low, then definitely price will fall, and if the demand to acquire the Bitcoins are very high then price also goes up in order to meet the demands.

[irhact]

Pump and dump is natural behaviour of cryptocurrency market. We saw from some days Bitcoin and all cryptocurrency market very positive. Bitcoin price increased near about 15% within short time. But all thon market only will up it is not possible. Now bitcoin price dumping so i think it is normal behaviour of this market. And i think it is correction time. After correction bitcoin and other currency price will up there has no doubt. I think now we are in bull market. Now bitcoin price is near about $30k and after correction bitcoin price will hit new ATH.

We're not in a bull market from what I see, I don't consider the price increase we saw few weeks ago as a bullish signal, Bitcoin price rise because it was oversold and the price increase was too overwhelming that many trade jumped into the market and bought some Bitcoin pushing the price above $30k to $31k but now these traders are also those selling because they aren't into the market for the long period but trading short period to secure profits.

What's happening to Bitcoin price isn't a dump, it's just a correction and this is normal for an assets that's as volatile as Bitcoin. The price will rise back up soon therefore we shouldn't panicked but keep buying more Bitcoin in preparation for the future as Bitcoin will rise again.

[teosanru]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

As we are already in a very deep valley if you see the overall bitcoin chart be prepared for more such drops. What I feel is that we'll see a lot of points in next few months which will make you doubt overall concept of bitcoin. But those will be the absolute buying points for bitcoin and you'll definitely see a big reversal from exactly those points.

[palle11]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

As we are already in a very deep valley if you see the overall bitcoin chart be prepared for more such drops. What I feel is that we'll see a lot of points in next few months which will make you doubt overall concept of bitcoin. But those will be the absolute buying points for bitcoin and you'll definitely see a big reversal from exactly those points.

I wouldn't doubt the overall concept of bitcoin if price starts dropping because it has already been speculated to fall down to $10k  but contrary to that, the price have stayed up in the corners of $30k-$31k. We expect more volatility during 3rd quarter as we approach halving. I think also that a part of the reason for stability of bitcoin for now could be the result of regulatory policies through EU MICA laws, maybe the confidence in bitcoin is rising.

[Hamphser]

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

As we are already in a very deep valley if you see the overall bitcoin chart be prepared for more such drops. What I feel is that we'll see a lot of points in next few months which will make you doubt overall concept of bitcoin. But those will be the absolute buying points for bitcoin and you'll definitely see a big reversal from exactly those points.

I wouldn't doubt the overall concept of bitcoin if price starts dropping because it has already been speculated to fall down to $10k  but contrary to that, the price have stayed up in the corners of $30k-$31k. We expect more volatility during 3rd quarter as we approach halving. I think also that a part of the reason for stability of bitcoin for now could be the result of regulatory policies through EU MICA laws, maybe the confidence in bitcoin is rising.

Surprisingly which there are still people who do really wait up for that $10k dump on which these kind of approach was molded out on the time that the price hits up on 15k ATL wayback on which it isnt really that something that so shocking if ever this kind of anticipation did really turns out to be that where most people been targeting but to those bulls out there would really be seeing the opposite. People would really be keeping on shouting about that 10k probability on the time that the price would really be making out some decrease without even trying out to realize on how still far we do really need for the market to drop that low.

There are really just that people who are really that too optimistic when it comes to their targets which its not something that we could blame but not something that appealing to look at.
If you do go into other side of things then you would really be mainly having the impression that you should really be that versatile when it comes to price entries whether the market is going up or down.

[Rupok]

A lot of unexpected things are happening in cryptocurrency right now, but I don't know what the dumping of Bitcoin is indicating to us.  Maybe what is happening in Bitcoin price is not a dump, and analysis of market conditions shows that it is just a correction to guess the direction of the currency and it is normal for an asset as volatile as Bitcoin. I think Bitcoin recovers easily and will quickly go back to $32k.  Now is the time to buy bitcoins for long term investment.We look forward to the end of the year and maybe we will see a Bitcoin surprise.

[fullhdpixel]

If the price falls, then there is a reason - the conclusion is quite simple. A question in other - whether the reason is correctly established. This is completely different and requires a completely different approach to work.

That made absolutely no sense at all! What are you even trying to say?

The price has dropped to where it was supposed to, we all know that the price of Bitcoin isn't falling below $30k and it has been about two weeks already since it went above $30k and didn't come down since then, and it isn't even being able to go up much, it tried twice or maybe thrice, but failed all the attempts and comes back to $30k every time it goes above $31k.

Many retail and institutional investors are waiting for a price drop which is not happening. The current market has made everyone confused as to what will happen next, the outcome is completely uncertain at this point.

[cute nmp]

BTC is currently facing resistance at the 30-32k zone and has failed to break that resistance to make a new weekly higher high for the bull market to continue. Price has been rejected at the level for 3 weeks with 2 weeks inside bars forming for now if this continues then the crypto-market can dip further down .Lets all hope there will be buying pressure so that we can break the current resistance and the bull sentiment can continue again.

[usekevin]

The reason for the happening is only due to the market conditions and current news also play some time huge role in the dump of the market.When the market start to dump,don’t sell the holding with the lower price.Better hold it for the longer run.The market which has power and potential to grow and back to the normal level.The new expected value of the bitcoin is 32k$,it’s essential to hold the valuable assets at the dump.Then it gives huge profits to earn at the needed time.

[Huppercase]

As we are already in a very deep valley if you see the overall bitcoin chart be prepared for more such drops. What I feel is that we'll see a lot of points in next few months which will make you doubt overall concept of bitcoin. But those will be the absolute buying points for bitcoin and you'll definitely see a big reversal from exactly those points.

I wouldn't doubt the overall concept of bitcoin if price starts dropping because it has already been speculated to fall down to $10k  but contrary to that, the price have stayed up in the corners of $30k-$31k. We expect more volatility during 3rd quarter as we approach halving. I think also that a part of the reason for stability of bitcoin for now could be the result of regulatory policies through EU MICA laws, maybe the confidence in bitcoin is rising.

You should very concern about when bitcoin dropped below $10k, it will not just be affecting the holders, it will affect every business that deals with Bitcoin, it will affect the trading exchange because less people will have interest in Bitcoin and last but not the least, there will be fear of people coming into invest despite the lower price it is. All this specualation are thing of the past, if anyone tells you that bitcoin price will crash to that price level, I will take them as joker because there is nothing clearly in this market that jeopardise the price of Bitcoin to that point, all the potential treats from altcoins has all been subsidized and we all waiting for another run.

[ancafe]

The reason for the happening is only due to the market conditions and current news also play some time huge role in the dump of the market.When the market start to dump,don’t sell the holding with the lower price.Better hold it for the longer run.The market which has power and potential to grow and back to the normal level.The new expected value of the bitcoin is 32k$,it’s essential to hold the valuable assets at the dump.Then it gives huge profits to earn at the needed time.

Every news and negative conditions that arise will definitely affect the price and holding indeed speaks the long term and has nothing to do with the pump and dump process. Price support after the previous correction process has not reached the $32K stage and the price tends to be sideways at $30K to date. The belief in holding Bitcoin is not correlated only with the fluctuating process, because people understand the level of investment using long -term patterns is much more profitable.

Price support can be associated with several Bitcoin travel provisions going forward whether it is pump and dump, I also hope that the support reaches $32K for this month. Because before the price is able to go beyond $ 35K, maybe the nearest support is only in the $ 32K price range first. My assumption is that Bitcoin will be more sideways and move slowly this month.

[dunfida]

The reason for the happening is only due to the market conditions and current news also play some time huge role in the dump of the market.When the market start to dump,don’t sell the holding with the lower price.Better hold it for the longer run.The market which has power and potential to grow and back to the normal level.The new expected value of the bitcoin is 32k$,it’s essential to hold the valuable assets at the dump.Then it gives huge profits to earn at the needed time.

Every news and negative conditions that arise will definitely affect the price and holding indeed speaks the long term and has nothing to do with the pump and dump process. Price support after the previous correction process has not reached the $32K stage and the price tends to be sideways at $30K to date. The belief in holding Bitcoin is not correlated only with the fluctuating process, because people understand the level of investment using long -term patterns is much more profitable.

Price support can be associated with several Bitcoin travel provisions going forward whether it is pump and dump, I also hope that the support reaches $32K for this month. Because before the price is able to go beyond $ 35K, maybe the nearest support is only in the $ 32K price range first. My assumption is that Bitcoin will be more sideways and move slowly this month.

This is what we called market.

Even speaking with forex/stocks or crypto, it would be all the same on the concept on what are the things that determines the price. They might differ on those common concepts like volatility and regulation but basing up on the behavior then it would really be just the same because economical issues and problems or events could really make out that kind of effect on the price.

Price drops and pumps is really that normal because this is how market behaves or works. Moving negatively or positively basing up on the news or sentiments that had floated up.
This is why if you are that someone who had been dealing up with this market doesnt matter on which one then you should really that getting used to these movements.

[GreatArkansas]

Update now: We are already in the middle of the month of July and the price of Bitcoin is still above $30,000.
For me, Bitcoin is already started to create strong support at the $30,000 price and another thing is $30,000 is psychological support which as you can see recently, this month. Every time we drop below $30,000, it just keeps bouncing.

Let's wait for the monthly close candle, I will be bullish once Bitcoin will stay above $30,000.

[Desscount]

The reason for the happening is only due to the market conditions and current news also play some time huge role in the dump of the market.When the market start to dump,don’t sell the holding with the lower price.Better hold it for the longer run.The market which has power and potential to grow and back to the normal level.The new expected value of the bitcoin is 32k$,it’s essential to hold the valuable assets at the dump.Then it gives huge profits to earn at the needed time.

That's why we also need to remain calm in the face of such market conditions,
making rash decisions will only make you lose,
no need to worry because after all the market will return to normal but still we have to be patient because we never know how long it will take to return to normal.

[livingfree]

Update now: We are already in the middle of the month of July and the price of Bitcoin is still above $30,000.
For me, Bitcoin is already started to create strong support at the $30,000 price and another thing is $30,000 is psychological support which as you can see recently, this month. Every time we drop below $30,000, it just keeps bouncing.

Let's wait for the monthly close candle, I will be bullish once Bitcoin will stay above $30,000.

Although I'm not still confident about Bitcoin going to $30k as its support but at the same time, I am very much happy that we're seeing its almost half from the last ATH.

This is why we do love Bitcoin. There's a huge dump within a few hours and then it recovers so fast. Thanks to the many institutional buyers that have been quick in buying those sold Bitcoins by the panic sellers.

I am not sure if that should be a good thing that they're gaining more than anyone else but for now, that's it and we're just seeing the demand gets higher.

[ancafe]

Even speaking with forex/stocks or crypto, it would be all the same on the concept on what are the things that determines the price. They might differ on those common concepts like volatility and regulation but basing up on the behavior then it would really be just the same because economical issues and problems or events could really make out that kind of effect on the price.

That's for sure and no one is debating because they have similarities in terms of price correlation caused by growing market sentiment or FUD, so that a negative reaction can reduce prices beyond normal conditions that occur. It is calm that will lead us to the no-panic stage of the events that occur. Volatility and effects global economy is a trend that will occur again and again in the market and this is at least a frequent occurrence in the journey of bitcoin.

Price drops and pumps is really that normal because this is how market behaves or works. Moving negatively or positively basing up on the news or sentiments that had floated up.
This is why if you are that someone who had been dealing up with this market doesnt matter on which one then you should really that getting used to these movements.

Yes, that's actually what must be understood and how to behave when the market is hit in these conditions. Get used to looking calm and not panicking in conditions like this and depending on how our knowledge understands bitcoin travel patterns and that is where knowledge is needed in seeing bitcoin development as a general example of an ongoing cyclical process.

[Rengga Jati]

This is why we do love Bitcoin. There's a huge dump within a few hours and then it recovers so fast. Thanks to the many institutional buyers that have been quick in buying those sold Bitcoins by the panic sellers.

Yes, that's right, that's why we love and trust Bitcoin. As we are experiencing right now. Just yesterday Bitcoin reached $ 31.5k and finally dropped back to $ 30k. And now it's still around that price. We are very aware that the price of Bitcoin will always be like this, being volatile with ups and downs which sometimes are still quite under control (if there is no FUD that is so bad it attacks suddenly). this is what makes Bitcoin always trusted both for trading and long term investing. Because, Bitcoin will always have an increase someday and it is very worthy even if we hold it for some time. All that remains is how patient and we don't panic about everything that happens in the market.

[Mahanton]

This is why we do love Bitcoin. There's a huge dump within a few hours and then it recovers so fast. Thanks to the many institutional buyers that have been quick in buying those sold Bitcoins by the panic sellers.

Yes, that's right, that's why we love and trust Bitcoin. As we are experiencing right now. Just yesterday Bitcoin reached $ 31.5k and finally dropped back to $ 30k. And now it's still around that price. We are very aware that the price of Bitcoin will always be like this, being volatile with ups and downs which sometimes are still quite under control (if there is no FUD that is so bad it attacks suddenly). this is what makes Bitcoin always trusted both for trading and long term investing. Because, Bitcoin will always have an increase someday and it is very worthy even if we hold it for some time. All that remains is how patient and we don't panic about everything that happens in the market.

Good for those who do able to sell up even with that $1000 increase and now were back on 30200-30400 which it is really that something that pissed me of, since ive been anticipating that it would be able to break that 31.8 - 32k barrier or resistance on which we could possibly be able to see those 35-40k numbers but it seems that there still that huge selling pressure on those points and now were back on where we had moved on. Well, its not really that shocking though on which it is really that very common that when it comes to movement then everything would really be truly that unpredictable, there's no way that we could be able to determine on what would be it next move even the indicators and signals is already that showing the hint.

I havent searched up though about regarding news or fundamentals on which if ever there's one then it did make out that significant effect, but if there's none then as usual the market move on its own without having
those events in behind which its not something that new anymore. This is why on the time that you do able to enter on the low price and then have those gains later on, then its always been wise to take profits always
and make yourself happy at least.

[Kimonoe]

This is why we do love Bitcoin. There's a huge dump within a few hours and then it recovers so fast. Thanks to the many institutional buyers that have been quick in buying those sold Bitcoins by the panic sellers.

Yes, that's right, that's why we love and trust Bitcoin. As we are experiencing right now. Just yesterday Bitcoin reached $ 31.5k and finally dropped back to $ 30k. And now it's still around that price. We are very aware that the price of Bitcoin will always be like this, being volatile with ups and downs which sometimes are still quite under control (if there is no FUD that is so bad it attacks suddenly). this is what makes Bitcoin always trusted both for trading and long term investing. Because, Bitcoin will always have an increase someday and it is very worthy even if we hold it for some time. All that remains is how patient and we don't panic about everything that happens in the market.

with its fluctuating nature it becomes an advantage to get bigger profits, so that things like this are preferred by speculators, I don't think there is a definite reason for this incident, considering that we are used to the characteristics of bitcoin which has high movements. but for beginners this is what makes them scared and panicked, so they make the wrong decisions, and in the end they are confused about what to do, for example because they are afraid they will let go, but after that the market actually increases according to the first analysis

[Sebas.tian]

Since the price of Bitcoin started pumping gradually from the beginning of this year to the quarter of the year, showed that the market price is about to display some changes that will make traders to buy more of Bitcoin and wait for the bullish market to come before they can start trading their Bitcoin in the market. I think,  reason for this huge dump is that pumping season is about to happen any moment from next month in the market, because over three weeks now the price of Bitcoin is still moving between $30,000 and $31,000 to encourage some traders not to be panic than to be patient with this current dumping.

[AnonBitCoiner]

Yes, with the high volatility of the crypto market, it allows us to make a profit if we can take advantage of it,
when the market goes down sometimes we are still waiting for it to go back down again which actually makes us miss a good moment to buy,
those with experience will be wiser in making decisions.

experienced are wise in making decision because they have knowledge about price and others who don't known about price makes wrong decision. As now the price is 29k$ but some people are in hope that market will goes more down so they will buy bitcoin which is a big reason to miss the opportunity to buy bitcoin before halving.

We should have learning about the price ups and downs so we will easily take steps towards positive direction of success. Because of volatile nature of crypto more people are involved in it so if it was not volatile so taking advantage from it wouldn't be possible.