Bitcoin is on a move, but to where 🤔?

[nfuorus]

Bitcoin in the past weeks shows a strong selling pressure and this pressure keeps Bitcoin on a bearish angle and as such investor could be asking the big question "what is making Bitcoin to fall this heavily?"🤔. As traders and investors are in fear, could this new week bring the golden coin back to stability or are we expecting more fall in price in Bitcoin price, this is the question that keeps everyone both traders and investors on the loop of fear instead of light.
But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

[Floczy]

Well we are, or I am not expecting anything, but we hope it rallies soon.
The sell is as a result of different factors but the coins Saylor sold is a significant one

But it wouldn't fall for long anymore I hope. Don't be too attached to price drop rather use it as an opportunity to buy or accumulate more.

[Z-tight]

If anybody is scared, then let them sell so they would be able to sleep very well at night.

Nobody here has a crystal ball to predict what's going to happen in the future, we can only wait and see. The reason for the fall is obvious, investor sentiment is pessimistic right now and liquidity is flowing out, coupled with a few other reasons. This is usually the time weak hands sell and exit the market, and many people spread fud, but other than that, everything's fine.

[jossiel]

Bitcoin in the past weeks shows a strong selling pressure and this pressure keeps Bitcoin on a bearish angle and as such investor could be asking the big question "what is making Bitcoin to fall this heavily?"🤔. As traders and investors are in fear, could this new week bring the golden coin back to stability or are we expecting more fall in price in Bitcoin price, this is the question that keeps everyone both traders and investors on the loop of fear instead of light.
But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

It's simply the bear market.

While the news and other reasons just came out and made the market heavily corrected. The market is really due for a correction after the bull run.

It tried to break out but didn't managed to go through $80k and from there, no barrier was broken and instead it has to correct.

As for investors and traders, I don't think that the majority of us are questioning the situation. We might look for some reasons but this has been expected.

[Btcdeybodi]

We are in the bear season, don't be too optimistic about the price of bitcoin making a recovery after a correction was made as a result of selling pressure. We can't figure out exactly if the price of bitcoin will rise again in the upcoming weeks because there is the possibility of it experiencing more fall further below $60k which can be a good buying opportunity at a cheaper price.

[STT]

New low for the year and a trade also below the 200 week average which Bitcoin has not registered since October 2023 if I'm looking right which is a long time, so a nasty combo breaker we got here and bearish as some have said.
   I still think of it as a faltering fall rather then a proper negative trend but this remains to be confirmed.   At this point you have to look towards the weekly closing bar for confirmation of a proper move and the volume vs prior trades to move us in a negative direction or recover us, at this point its hard to be optimistic but I wait to see the reaction in this area and also Dollar movements or strength occurring or not.

[laspol65]

Bitcoin in the past weeks shows a strong selling pressure and this pressure keeps Bitcoin on a bearish angle and as such investor could be asking the big question "what is making Bitcoin to fall this heavily?"🤔. As traders and investors are in fear, could this new week bring the golden coin back to stability or are we expecting more fall in price in Bitcoin price, this is the question that keeps everyone both traders and investors on the loop of fear instead of light.
But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

The current low price of Bitcoin is having a huge impact on the price of Bitcoin, but due to this dumping of Bitcoin prices, some weak investors are panicking and selling Bitcoin, creating more pressure. However, this situation will definitely be fixed, now that the price of Bitcoin is being corrected, we should not be too excited about it and be patient.
The price of Bitcoin will definitely improve, but this is a buying opportunity. A good opportunity has been created to increase Bitcoin holdings.

[BitMaxz]

Bitcoin in the past weeks shows a strong selling pressure and this pressure keeps Bitcoin on a bearish angle and as such investor could be asking the big question "what is making Bitcoin to fall this heavily?"🤔. As traders and investors are in fear, could this new week bring the golden coin back to stability or are we expecting more fall in price in Bitcoin price, this is the question that keeps everyone both traders and investors on the loop of fear instead of light.
But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

Actually you already get the answer from what you said, as you can see the selling pressure or the momentum is pretty high; this isn't good idea to against the momentum.

I'm sure the reason it fell so much is because we've been bearish since November; most of us here only analyze the short term or lower time frames. If you go to the daily time frame and measure everything with Fibonacci, you'll notice it's a Fibonacci sequence. I know that everyone, not just small traders but also big whales and institutions, sees it as an opportunity to sell rather than buy.
The daily time frame on the chart is heavier than the lower chart's 4hr or 1hr time frames.

For me, analyze this moment because it has already broken the $60k as the lower lows of this year and is now $59k; I still expect to see more squeeze to the downside, possibly reaching $55k.

[Ambatman]

If anybody is scared, then let them sell so they would be able to sleep very well at night.

I don't know
I feel it would be unwise to sell now
When we didn't even sell when we were above $100K
That's almost a 50% drop
I don't know about you but that's a huge loss
Is better to be in the territory of unrealized loss and be patient than sell now
Hoping we would go under even if it's true.

[Pandorak]

Bitcoin in the past weeks shows a strong selling pressure and this pressure keeps Bitcoin on a bearish angle and as such investor could be asking the big question "what is making Bitcoin to fall this heavily?"🤔. As traders and investors are in fear, could this new week bring the golden coin back to stability or are we expecting more fall in price in Bitcoin price, this is the question that keeps everyone both traders and investors on the loop of fear instead of light.
But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

Bitcoin is still in a bear market, so we will continue to see its price fall further, no one knows how far, we can only speculate. Personally, based on my technical analysis, i’ve concluded that this downtrend will soon come to an end, likely between Q4 of this year - Q1 2027. Hopefully, Bitcoin’s price will begin to recover early next year and gradually start rising again.

If you frequently monitor the charts, you’ll notice extraordinary volatility, prices rise slowly and gradually over several days, but plummet significantly in just a few hours. If you’ve taken a long position in futures, you must be feeling very stressed due to the pressure caused by the current fluctuations in Bitcoin prices.

[ingiltere]

We can see where Bitcoin is headed. It's currently in a downtrend. It's been falling since it was above 70k and has dipped below 60k. It might not hold at the 60k level. This presents an opportunity for us to buy again in the 50-60k range. I think it's best to view this as an opportunity. Right now is the best time to buy more coins. Increase your purchases when the general public is scared. This is a strategy that has worked for years. Buy when everyone is selling, sell when everyone is buying. This downturn won't last long. If you want your costs to be low when the next rally happens, you should buy now, not after the rally has already started.

[Z-tight]

I don't know about you but that's a huge loss
Is better to be in the territory of unrealized loss and be patient than sell now

I'm not selling, but i am tired of weak hands moaning about the price and indirectly asking others what they should do. I simply gave them a tongue-in-cheek reply, if they cannot sleep well at night because of the drop in price, then the healthy thing to do is to sell, isn't it? I know it is unwise to sell right now, especially if your average buying price is higher than what BTC is right now, but you know i want what's good for people.

[EarnOnVictor]

-Snip-
But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

At this point, you fold your arms and watch, but just ensure that whatever you do now is still towards the downside. Bitcoin messed up big time this week, and what I expected could be hit as a target in many days or in about 2 weeks was cheaply hit in just 5 days. That's the year-low at around $59,820, which was ridiculous. The sellers are indeed angry and this could last longer.

For this, sell on rally approach could be a good idea.

[nfuorus]

If anybody is scared, then let them sell so they would be able to sleep very well at night.

I don't know
I feel it would be unwise to sell now
When we didn't even sell when we were above $100K
That's almost a 50% drop
I don't know about you but that's a huge loss
Is better to be in the territory of unrealized loss and be patient than sell now
Hoping we would go under even if it's true.

This too should be my opinion if I'm asked to suggest, selling at this point exposes investors and traders to huge loss so it's wise to still hold and see what happens next

[Marvelockg]

I don't know about you but that's a huge loss
Is better to be in the territory of unrealized loss and be patient than sell now

I'm not selling, but i am tired of weak hands moaning about the price and indirectly asking others what they should do. I simply gave them a tongue-in-cheek reply, if they cannot sleep well at night because of the drop in price, then the healthy thing to do is to sell, isn't it? I know it is unwise to sell right now, especially if your average buying price is higher than what BTC is right now, but you know i want what's good for people.

As unappealing as this may sound, an investor only have this as his option. He either sells in loss and stops complaining or keep holding and take his eyes off the market at least on a temporary bases. If an investor becomes too concerned about what to do at every point in time that bitcoin goes bearish, it's going to be a matter of time before he gets the persuasion to eventually sell at a loss.

Bitcoin is at a move and that's not a doubt. As an investor, the best thing to I do for the good of your asset considering that selling now means that you're selling at loss is to remain calm and take away every form of panic.

[jcojci]

We see Bitcoin price falls deep from up to $70,000 into $60,000 but this situation can continue if people still panic and not have strong hands to hodl. If they are old investor, they will not fear but they will see the big chances to accumulating Bitcoin at a very low price. If the price still down and that is deeper than the price now, they will be happy and will not miss the chance. The bear market comes and push the price down so no need panic but search for your time to buy.

[cryptomaniac_xxx]

Bitcoin in the past weeks shows a strong selling pressure and this pressure keeps Bitcoin on a bearish angle and as such investor could be asking the big question "what is making Bitcoin to fall this heavily?"🤔. As traders and investors are in fear, could this new week bring the golden coin back to stability or are we expecting more fall in price in Bitcoin price, this is the question that keeps everyone both traders and investors on the loop of fear instead of light.
But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

Those that are scared right now are investors that doesn't have the experience yet or newbies. This is not the first time that Bitcoin has fallen dramatically. During the pandemic it did happen, one of the worst scenario and yet after that we bounce back.

Regardless if it goes down below $60k, sure there are fear and uncertainty in the market. But again, as I have said, we are in the bear market and others specially those who have been here for so long that this could be just as normal as what you can get in a very volatile asset.

[free-bit.co.in]

Those that are scared right now are investors that doesn't have the experience yet or newbies. This is not the first time that Bitcoin has fallen dramatically. During the pandemic it did happen, one of the worst scenario and yet after that we bounce back.

Regardless if it goes down below $60k, sure there are fear and uncertainty in the market. But again, as I have said, we are in the bear market and others specially those who have been here for so long that this could be just as normal as what you can get in a very volatile asset.

I suspect that it is not only newbies or inexperienced investors who are panicking, but many old investors as well. Especially those who became overly optimistic, believed in the supercycle narrative. Or those who went all in at high prices and failed to take profits when Bitcoin was still above $100k. Not all old investors are happy and see this as an opportunity.

If you look closely, you will see that many people are unhappy about Bitcoin falling below $60k, rather than happy as you might think.

Only those who were well-prepared for a bear market are truly happy right now.

[ColdLava40]

But Bitcoin is on a move, where becomes the answer we all watch as it unfold.

The beginning of fear is where failure comes into your investments.

It's natural to be scared when the market is all red. But as investors you should try your best to be strong at times when the market suddenly turns unfavorable.

Many reasons are already presenting themselves and why Bitcoin is suddenly pushing down.but the most obvious now is the fact that everyone is scared of the dump and are rushing to sell off their coins further increasing the sell pressure in the market and that's not going to look good.