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Author Topic: Bitcoin price is down now?  (Read 2935 times)

Offline Papusha20

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Bitcoin price is down now?
« on: September 19, 2022, 07:18:40 AM »
Bitcoin, its total market cap was headed back toward its six-week low of $18,661 on Sept. 6, territory it hasn't touched since the end of June. Bitcoin's total market cap was back below $375 billion on Sunday, a threshold last breached on Sept. 6 and not since July 13 before that.

For his part, Doctor Profit—whose main claim to fame is predicting $18,000 as the "ultimate bottom" for Bitcoin as early as April 2021—said that "the bottom is being formed" with a likely prince range of $18,000 to $25,000 through next March.

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Bitcoin price is down now?
« on: September 19, 2022, 07:18:40 AM »

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Offline Dark Knight

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Re: Bitcoin price is down now?
« Reply #1 on: September 19, 2022, 07:23:07 AM »
It’s a downward descent once again for the original crypto. Bitcoin (BTC) dropped more than 6% on Tuesday, falling below the $21,000 threshold.
The sell-off came on the heels of a higher-than-expected consumer price index (CPI) report from the Bureau of Labor Statistics.
CPI came in at 8.3% for August. Although this is lower than July’s CPI of 8.5%, it’s still higher than the expected 8.1%. Core CPI, which doesn’t include food and energy prices, came in 0.6% higher than in July and 6.3% higher year over year.

Offline Papusha20

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Re: Bitcoin price is down now?
« Reply #2 on: September 19, 2022, 07:25:37 AM »
It’s a downward descent once again for the original crypto. Bitcoin (BTC) dropped more than 6% on Tuesday, falling below the $21,000 threshold.
The sell-off came on the heels of a higher-than-expected consumer price index (CPI) report from the Bureau of Labor Statistics.
CPI came in at 8.3% for August. Although this is lower than July’s CPI of 8.5%, it’s still higher than the expected 8.1%. Core CPI, which doesn’t include food and energy prices, came in 0.6% higher than in July and 6.3% higher year over year.

Offline MUGNIA

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Re: Bitcoin price is down now?
« Reply #3 on: September 19, 2022, 05:16:06 PM »
It’s a downward descent once again for the original crypto. Bitcoin (BTC) dropped more than 6% on Tuesday, falling below the $21,000 threshold.
The sell-off came on the heels of a higher-than-expected consumer price index (CPI) report from the Bureau of Labor Statistics.
CPI came in at 8.3% for August. Although this is lower than July’s CPI of 8.5%, it’s still higher than the expected 8.1%. Core CPI, which doesn’t include food and energy prices, came in 0.6% higher than in July and 6.3% higher year over year.

what you say a little confused me, what is the relationship between CPI and bitcoin price value?
please provide a detailed explanation along with the source of the article you quoted

Offline Mahindra

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Re: Bitcoin price is down now?
« Reply #4 on: September 19, 2022, 05:50:57 PM »
Currently the market is not very good due to Bitcoin price down. A Bitcoin market down has a major impact on the entire cryptocurrency market. In the position Bitcoin is in right now, it looks like it will take a long time for its price to rise. I think bitcoin price will not increase this year maybe next year bitcoin price will increase.
Mahindra

Offline Callisto

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Re: Bitcoin price is down now?
« Reply #5 on: September 19, 2022, 06:32:43 PM »

In general, I think that after such a fall, no one will believe in bitcoin anymore and investors will enter it with caution, unless the whales again shake its value. In general, all his predictions and dreams about his cost of 100 thousand dollars have long been forgotten.

Offline kirshna01

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Re: Bitcoin price is down now?
« Reply #6 on: September 19, 2022, 07:16:07 PM »
There is confusion in the markets at this time, and the price is falling. Because of this the value of bitcoin is also falling. At this time the price of bitcoin has fallen to $19208, the possibility of further decline is being expressed.
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Re: Bitcoin price is down now?
« Reply #6 on: September 19, 2022, 07:16:07 PM »


Offline I-Bit

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Re: Bitcoin price is down now?
« Reply #7 on: September 19, 2022, 11:26:56 PM »
The market is still very unstable. The price of Bitcoin is very volatile during this market car in the bearish era. And this is not new. How many times, has Bitcoin been experiencing this situation, being dropped after rising up several percentages? And then, it will be rising up again later. So, it is better not to worry much or panic. We know how the progress and journey of Bitcoin, That is why we can keep utilizing the low price of Bitcoin to ad more DCA

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Re: Bitcoin price is down now?
« Reply #8 on: September 20, 2022, 09:50:06 PM »
Bitcoin, its total market cap was headed back toward its six-week low of $18,661 on Sept. 6, territory it hasn't touched since the end of June. Bitcoin's total market cap was back below $375 billion on Sunday, a threshold last breached on Sept. 6 and not since July 13 before that.

For his part, Doctor Profit—whose main claim to fame is predicting $18,000 as the "ultimate bottom" for Bitcoin as early as April 2021—said that "the bottom is being formed" with a likely prince range of $18,000 to $25,000 through next March.

Keep calm mate,  I think it's bearish season.
We will see  the pump and dump.
Bitcoin seems struggle now, that's normal.
Because I have read several investors predicted bitcoin will down until 15 K USD .
Let's see

Offline syedrasool2011

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Re: Bitcoin price is down now?
« Reply #9 on: September 21, 2022, 06:23:25 AM »
I think to day is bad news for bitcoin it will go down to his bottom it will be 13k so use stop loss any time it can happen some bad news are coming in market to dump it so am out from market you have to be buy in dip like icp and dot coins web3 coins.
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Re: Bitcoin price is down now?
« Reply #10 on: September 21, 2022, 11:23:04 PM »
I think to day is bad news for bitcoin it will go down to his bottom it will be 13k so use stop loss any time it can happen some bad news are coming in market to dump it so am out from market you have to be buy in dip like icp and dot coins web3 coins.
You seem too worried about the current dump. It is something usual, dude!
Sorry, I dout if Bitcoin will drop to $13k, I think it is rather difficult to happen. Even whales must think much to manipulate Bitcoin price dropping to $13k, it may impact on bad interest of Bitcoin investment. Considering that big negative impact, I'm not sure if Bitcoin to drop massively to $13k.

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Offline TomPluz

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Re: Bitcoin price is down now?
« Reply #11 on: October 01, 2022, 03:55:28 AM »


Right now, Bitcoin is holding on to the $19K level so yeah there is a big chance that eventually it can find its bottom at $17K and then hopefully can be able to move to as high as $25K before the year ends. Now, this is going to be the optimistic view as we know that with Bitcoin anything can happen for no reason at all. This is just like saying expecting the best but preparing for the worst...so we will not be that disappointed.

Offline pacar_tiri

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Re: Bitcoin price is down now?
« Reply #12 on: October 04, 2022, 12:56:59 AM »


Right now, Bitcoin is holding on to the $19K level so yeah there is a big chance that eventually it can find its bottom at $17K and then hopefully can be able to move to as high as $25K before the year ends. Now, this is going to be the optimistic view as we know that with Bitcoin anything can happen for no reason at all. This is just like saying expecting the best but preparing for the worst...so we will not be that disappointed.

I agree with you, I think bitcoin will down until 17K USD, I think It's good time to buy bad hold until 2025, because 2025 has been predicted will be bullish.
I think it's good way to do now.

Offline MrSpasybo

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Re: Bitcoin price is down now?
« Reply #13 on: October 04, 2022, 01:53:50 AM »
I also believe that 17.6K is the bottom of this crypto winter. Sideway is happening but I don't think we will have a new bottom. BTC is in a recovery and accumulation for new growth with wave 0-1-2 before BTC Halving.
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Re: Bitcoin price is down now?
« Reply #14 on: October 04, 2022, 07:57:19 PM »
I also believe that 17.6K is the bottom of this crypto winter. Sideway is happening but I don't think we will have a new bottom. BTC is in a recovery and accumulation for new growth with wave 0-1-2 before BTC Halving.

Good prediction, I think  I agree with you.
I also predict bitcoin bottom around 17K - 17.5K USD at this year.
But let's see at the next year, bitcoin price will recover gain or go down.
It's unpredictable
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