Bitcoin is on a move, but to where 🤔?

[JiiBs]

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.

Many have speculated that the sell pressure that is observed in the market today is a direct response to Microstrategy’s decision to about 32BTC from their holdings and did executed this sale and as a result of the news and actual sale, investors decided to liquidate some of their assets as well. Though, this is still arguably, considering the fact that, the market has being on the side of the bears for a while already.
Currently, price is around $60k and it’s being experiencing some serious resistance about that price. In essence, it’s fairly stable about that price for a bear market.

[Z-tight]

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.

Yeah, liquidity is flowing out of the market, especially through BTC spot-etf's that are recording large outflows from their funds. Weak hands see this and also sell, as they view it as institutional investors losing their appeal for BTC right now and so the price could go further down. However, once funds start moving back into the network, the price would recover and anyone who understands the market knows this would happen sooner or later.

[Zanab247]

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.

Anyone expecting the price of BTC to come back to bull run this year, I guess they will regret when the price of BTC dump below $50k, which is what will make some traders and investors to believe that this dumping will continue until the price hit below $40k to make some believe that BTC will not pump higher in five years to come. I know some people will be regretting for this season that is on ground right now, because they did not calculate the price very well that made some to be shocked with the current price that is not making them to sell or continue to hodl.

This is over two years bull market has been on to allowed many people that predicted well to earn what they have not earn before since they join BTC investment, and they will surely going to use this opportunity to buy BTC and hodl against future bull.

[Lida93]

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.

The fear never stops with emotions running deep as their funds are involved, but if anyone is buying to hold bitcoin with what funds he can afford to lose, is it even necessary to panic when we all know that this falling pressure would definitely not last for ever but just a short time?!
Yes, no one knows when this dip will get to a bottom and have price rising high again but for one moment I think it's high time the weak hands began to think like the whales in this moments when bitcoin price drops low, for it's an opportunity to buy cheap and not to panic sell.

[Dr.Bitcoin_Strange]

Where the price is heading to will soon be known, if you look at the daily candle or 4 hours candle chart, you will see how price was falling aggressively since on  the 1st of June until yesterday the price went below $60k and bounce off and closed above $60k,  same thing happened today too, the price went below and bounce back up and it might still close today price above $60k mark. Until price close below that mark, then we can not conclude that the price will continue the down trend.

If you observe what I'm saying on the chart, you will observe that the price has just slow down since it got to that support level, if it had continue with the aggressive move that happened on 2nd, then it would have even go down below $58k by now. I saw a post on social media where someone was saying that the reason for the down trend was because Micro strategy sold 32 Bitcoin but I don't believe that, selling just 32 Bitcoin could not have just caused price to fall so much like this.

[JoyMarsha]

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.

For you not to sell means you understand the market and you believe that it will bounce back. Others, they don't understand a bit about Bitcoin price, what comes to their mind is to sell out of fear of more losses. As we have seen such occurrences repeating itself everytime to shake off the weak hands out of the space for the golden hands to make good use of to buy Bitcoin at a low price

[Adams0001]

You're right, no old investor will Panic over the dip, instead they're accumulating more Bitcoin to their portfolio, every dip is an opportunity for them to buy, but new investors can't endure the dip that's why they hurry to sell their Bitcoin,  it might go down in few month but never panic this is Bitcoin, holding is the key, this is the time to buy and hold not a time to sell to whale. In Bitcoin investment learning the habit to hold and endure is the key , the price is not certain one thing is sure Bitcoin reward those that hodl for long. No Matter what never sell your Bitcoin.

Is only the new investors that will be thinking of losing there funds when the price is dip but old investors that understand the system for so long we be seeing is as and opportunity to invest more and get huge profits when the price as increase again. Investing in bitcoin is something that you need to be wise about it you can just invest just be waiting for the price to increase without a setting of targets. Many people that are scared to lose are does not set target and when the price decreases they start to panic so that they won’t lose all there funds and bitcoin is somehow different from other coins in the market.

[Rabata]

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 state of Bitcoin is a common phenomenon, especially for those who know about Bitcoin. Bitcoin prices can change significantly at any time. Especially a few days ago, when Bitcoin prices were increasing for no reason, many people speculated why Bitcoin prices were increasing suddenly? Similarly, why is Bitcoin prices decreasing so much now? If someone can keep their emotions at a stable level without worrying about the rise and fall of Bitcoin, then he will benefit the most. Experienced investors take it easy and take the opportunity to buy Bitcoin during every decline. They do not panic when they see this decline, but rather prioritize it as a great opportunity to increase their portfolio.

[Orpichukwu]

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.

Trying to figure out where the price is going and looking at all the analysis flying online with the one you can draw conclusions with based on the chart might cause your brain more trouble; it's better to avoid charts, especially when you are holding and focusing on your normal daily life. That's the only way you might not panic, and if you have more money, buy and consider the current value as getting it in a discount.

[Stormisover]

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.

You have my full support on this though it may sound hilarious but to be realistic you are absolutely right on what you said, not sleeping well at night  not can never be a healthy practice to be encouraged to those who the present market condition is really affecting negatively, they deserve their sanity back and have a good night rest, is better they sell than shallowing in complain, I doubt if the moaning will stop, many has forgotten that nothing happening now that is new and I believe the bear market will at point go and the market will become bullish again, weak hands will always tremble in time like this.

[programmer3666]

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.

This June has been a painful one for Bitcoin holders. BTC has hit everyone's heart with a heavy hammer of downward pressure and the market is showing no mercy at all. Every small recovery seems to be followed by another wave of selling. But this is not the first time Bitcoin has gone through a rough patch. Like similar corrections have happened before and the market eventually found its footing. Right now, fear is dominating sentiment, but experienced investors know that volatility is part of the Bitcoin journey.

[Alpen]

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.

For 17 years now, Bitcoin has been following the exact same script. Roughly a year after the halving, the price begins to decline until it hits the mining production cost. Then, a powerful two-year rally begins, spanning across the next halving event.

And then the cycle repeats: an all-time high, followed by a crushing crash known as crypto winter. Yet, people still keep asking, "Where is Bitcoin heading?"

Everything is fine. Everything is going according to plan.

[Olatundespo]

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 simple answer is that large financial institutions needed liquidity. They withdrew some of their holdings. This is not the main reason for the fall in Bitcoin price. The main reason for the fall in price is negative publicity. Some new investors panicked after seeing some individuals and institutions spreading unfounded propaganda about Bitcoin on social media.

Many of them know that the bull run will start after a few days, but they are tempted by others and make bad decisions like selling Bitcoin. All those who panicked in the past later regretted not holding Bitcoin. Bitcoin's price will be volatile, the best strategy in this volatility is to accumulate Bitcoin regularly.

[Z-tight]

All those who panicked in the past later regretted not holding Bitcoin. Bitcoin's price will be volatile, the best strategy in this volatility is to accumulate Bitcoin regularly.

We cannot be sure they regretted their actions, they could have sold and put the money into other endeavor that was profitable for them. I do not like to blindly believe that anyone who sells BTC, regrets their action, like many bitcoiners want to believe. I like it when weak hands are purged out of the network, because they aid in the selling pressure, but i cannot talk about their actions when they leave and conclude that they live in regret.

[Renampun]

No one can say for sure where Bitcoin is headed at this point, but most analysis indicates that we are still experiencing a decline, which means that we still expect the price of Bitcoin to continue falling.. more extreme, some say it will fall to $44k. so at this point it is better to accumulate to be able to buy more Bitcoin at a cheaper price and hold, because it is quite foolish to sell at the current price, unless they do not care about losses, then they can do that.

[Ishicryptic]

Nobody knows for certain where Bitcoin is headed next but we know where it is right now and there is no doubt that it is bear run, likely for the short term it will still be bear run. A lot of us never expected that Bitcoin will dip to $60k but it is the reality now and it shows that we shouldn't be overconfident about our predictions because we cannot control the market. If Bitcoin slumps between the range of $50k plus that will not be a good development in the market considering the height that it has attained at the current ATH. Whatever happens we should look at the bright side of this downturn and accumulate the dip as much as we can.

[Minor Miner]

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.

As you said, fear when the market drops is natural. So I do not agree that fear is where investment failure begins. Instead, I think a lack of knowledge and preparation is the real problem.

Although the market is unpredictable and no one knows where Bitcoin will go tomorrow, next week, or next month. But both bear and bull markets are predictable and can be prepared for, because no market goes up or down forever.
So those who are selling now are not doing so out of fear. They are doing it because they have no plan for what to do when the market moves against them.

[YOSHIE]

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

As you know Bitcoin is currently moving towards a bear consolidation trend, many are speculating that the price of Bitcoin will touch a level below $60k, this situation is colored by selling pressure exerted by several large companies and investors, They did this not without reason, all of this was done due to the worsening global macroeconomic indicators that are currently affecting us.

If you look at the experts predicting and speculating on the price of Bitcoin this month, it still has the potential to lead to a bear market, even though there is an increase of only a few percentages, between 3-5%, because the market has not shown a high buying price, it is still in gradual sales.

[Akbarkoe]

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 is very natural in this bearish situation, there will be a lot of selling pressure rather than buying as we heard that Saylor sold BTC and Blackrock transferred BTC to Coinbase and that is enough to make a bad sentiment by many people so that they sell not to mention that we are talking about conflicts that do not subside, thus increasing the fear of escalation and severe policies again to suppress many financial industries including the crypto market which in recent weeks has been battered because bitcoin no longer holds at $70k.