Why is the sudden Cryptocurrency price falling?

[Delgboke]

The Cryptocurrency market is showing red candle Bitcoin dropped in price value from $64 to $57 and many more token are also doing rise and falling at the moment, Anybody get idea what is really happening to Cryptocurrency market that made so many altcoins dropped in value, meaning that crypto currency is not stable at the moment.

[MaMooN]

The Cryptocurrency market is showing red candle Bitcoin dropped in price value from $64 to $57 and many more token are also doing rise and falling at the moment, Anybody get idea what is really happening to Cryptocurrency market that made so many altcoins dropped in value, meaning that crypto currency is not stable at the moment.

its correction

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

so that affect at all market

[vegasus]

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?

[I-Bit]

Everytime Bitcoin price is falling down, altcoin price will be also falling down. This is sure enough.
there are two FUD about Bitcoin that become bad news currently, about the news of AS going to sell their much Bitcoin and also about other restriction again.
Well, just hope that the price will be rising up again for we are heading for the next bullish era.

[MaMooN]

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?

according to fibo correction  bitcoin correct to 61.8% ( its at 50500) or below 61.8% ( at 50000)  correction

also moving average of 200 days at 49000

according to support level on weekly chart , support at 52000

all that just expect , may be you true , may be false

[Doctor]

Everytime Bitcoin price is falling down, altcoin price will be also falling down. This is sure enough.
there are two FUD about Bitcoin that become bad news currently, about the news of AS going to sell their much Bitcoin and also about other restriction again.
Well, just hope that the price will be rising up again for we are heading for the next bullish era.

I think It's the right time to buy, because current market bhas correction.
Buy more , I believe we will see the big bullish at the beginning December this year.
No worries about crypto at the time. Correction will always happens.

[TomPluz]

At this time, the crypto market is dipping and many coins and tokens even the most popular ones are getting affected. November is turning out to be NOvemBEAR for all of us. The problem is that December is traditionally not a good time for cryptocurrency which can set the stage of what can happen in the first quarter of 2022. Will there be a big return of the bear market? We are, of course, hoping that this is not the case but let it be since there is nothing we can do about it.

[royalfestus]

There will be always be the rise and fall even till the bull is over and there after, if you notice at this time, each dump make a pump for both bitcoin and altcoin. The law of volatility is still valid for profitability.
What if it becomes stagnant at this time. Will it pay you?
It automatically means you expect nothing more than what you have seen and after selling it goes lesser. Now you understand.

[gurunanakji777]

Such moves we see normally in the crypto market I am also bit concerned but positive also that market will recover even we have witness a long bear session till last year So such drops are normal in this market even I have also heard or read on many places market can reverse around $50k but we can not say market will reach to that level Its just a prediction. I did not heard any negative news in the recent time that market will react.

[yurez]

bitcoin got up from last support at 39634  to new high resistance at 68827 , its about 73% , which mean bitcoin should be correct to 49000-50000

Why Bitcoin should be corrected to 49000-50000? Is it your theory or have you heard it from an expert? In my opinion, Bitcoin won't drop below $55k, there is a big support for that price. If Bitcoin drops below $55k, I am afraid that it will be the beginning of the next bearish season. Or what do you think to happen if Bitcoin really drops to 49000-50000?

I agree with your opinion, I also consider the $ 55-56K level to be very strong and expect a rebound and ATH update from it. For several days, the level of $ 55-58K can serve as an accumulation zone.

[trauchot]

Unfortunately, the correction of the cryptocurrency market has begun, but I think that by the end of November, another growth of the cryptocurrency market will begin and in December of this year, the growth of the cryptocurrency market will continue, but this is my personal opinion, so you should not count on 100% growth of the cryptocurrency market, because it is also possible that the correction of the cryptocurrency market will continue.

[TERMINO]

At all time we cannot stop the market madness or prosperity moment. Cryptocurrencies is so much volatile unstable and unstoppable movement of force. We are facing uncertain days whether tomorrow it is moon or hell in cryptocurrencies. I think it will be good to be prepare at all time.

[saprakib]

The Cryptocurrency market is showing red candle Bitcoin dropped in price value from $64 to $57 and many more token are also doing rise and falling at the moment, Anybody get idea what is really happening to Cryptocurrency market that made so many altcoins dropped in value, meaning that crypto currency is not stable at the moment.

I have seen many trader they are really become upset after seeing the market on bearish momentum .I think its a usual behave of the market that it can up behave like ups and downs .I have adjusted with it .We have seen market was giving always a positive candle and we were getting profit continuously .Now it has dropped and already started recover and i hope it will get a good positive move once again .So guys don't be panicked and don't sell you valuable coin on low price .It is strategy to become patient when market has turn into the negative momentum .Hope will get a good return once again.

[shadowdio]

Don't be surprised if the cryptocurrency market is falling down, this is just normal everyone sold their coins because they already gained profit so expect the down price happens after the bitcoin or altcoins reaching in the highest price.

[TomPluz]

Unfortunately, the correction of the cryptocurrency market has begun, but I think that by the end of November, another growth of the cryptocurrency market will begin and in December of this year, the growth of the cryptocurrency market will continue, but this is my personal opinion, so you should not count on 100% growth of the cryptocurrency market, because it is also possible that the correction of the cryptocurrency market will continue.

I am hoping what you are saying can be true. It would then be good if there can be a big correction to happen in November and then a jump in December so that towards the first quarter of 2022 there will be more chance of good growth as well. Anyway, what is certain here is that nobody knows what can be but then we can only analyze, maybe speculate the future movements but nothing can be guaranteed. Good luck to all of us.