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?

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.

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[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.