Why dumping Bitcoin price?

[atrizbtc]

There are so many reasons for dumping of Bitcoin. As Elon Musk Tweet that Tesla will not accept Bitcoin. Due to this tweet Bitcoin become dump and the price of Bitcoin start dumping. China banned the use of Bitcoin this is another reason for Bitcoin dumping. There are so many other reasons for Bitcoin dumping. Users believe impulsively on these news and sell their Bitcoin at low price. Thus the price of Bitcoin decreases day by day.

[hasyurt]

Bitcoin must have broken the decline that has been going on for about 2 months. It reached the limit of 40 thousand. If it passes here and can be held above 42.5k, it looks like the new peak will come. For now, altcoins have also started to slowly move upwards.

[Jamal Aezaz]

Bitcoin will soon show bulish Scenerio. Binance is shutting down derivative and futures trading in Europe. Just a little bad news that kicked the price in the balls for a bit. Back up in no time.

[Master107]

Bitcoin will soon show bulish Scenerio. Binance is shutting down derivative and futures trading in Europe. Just a little bad news that kicked the price in the balls for a bit. Back up in no time.

What is the reason why Binance shutting down der. and future trading?

I assume it would be a preparation to anticipate a massive out going flow of assets.

[Suma Islam]

The price of Bitcoin had reached 60,000. But the price of Bitcoin has come down a lot as a result of a sudden big price. Which is why Bitcoin now has to stay at 40 thousand dollars. There are still a lot of unknown things going on with what hand someone has behind making the market so up and down. If one does not influence the market in this way, then the market should not be so upside down.

[Anonylz]

Bitcoin must have broken the decline that has been going on for about 2 months. It reached the limit of 40 thousand. If it passes here and can be held above 42.5k, it looks like the new peak will come. For now, altcoins have also started to slowly move upwards.

I agree and I also believe we might begin to see an upward movement for the market now.

We have had 10 days of green candles in the daily Bitcoin chart and when you look at the chart when Bitcoin was last in uptrend before the dip, there were little corrections along the way, so I believe we might see the same trend for Bitcoin going toward the EOY.

[Astra]

After a significant drop in the price of cryptocurrency in May this year by more than 50 percent, we still have a typical summer cryptocurrency market, when the price can smoothly shift in one direction or the other, with periodic price spikes inherent in the market as a whole. I think that in August and, most likely September, we will observe the same picture, and in the fourth quarter I already expect a good rise in prices.