Why BTC regularly comes down?

[sampoerna]

So far, the presence of this coin in the world is down again. We cannot wait for the father last the time. Yeah, we are difficult to check whether the price is in the right and we are not ib h wallet. So, it is for brighter now to be more and more valuable again by getting increased price

[Magepai]

The price of Bitcoin has been dumping 50-55% in a day or two. I believe Elon Musk has a special role to play in the bitcoin price dumping. He said that Telsa company will not accept bitcoin anymore and since then the price of bitcoin has been declining so much. But since the Bitcoin price is rising again, I don't think so. Now I think the price of Bitcoin will definitely exceed 62k dollars and will hit 80k dollars.

[Tubelight]

The market, however, has already recovered a lot. The value of bitcoins is increasing with the passage of time. We all know that a few days ago the price of Bitcoin was dumping a lot. However, Bitcoin is back on the rise. If it continues to grow in this way, Bitcoin will soon return to where it was.

[tervel]

Bitcoin is acting like $30,000 was a floor. It quickly bounced back from that price and is currently trading around $37,200. It’s like investors collectively decided $30,000 was low enough that they’d be willing to buy in at that price.

[Freemind]

Bitcoin is acting like $30,000 was a floor. It quickly bounced back from that price and is currently trading around $37,200. It’s like investors collectively decided $30,000 was low enough that they’d be willing to buy in at that price.

Correct, it seems that between $30,000 and $31,000 is where most of the resistance seems to be and it's where some whales make the price bounce so it doesn't get too close. On the other side of the coin we can say the same about $40,000, they also do not allow that amount to approach or exceed. It seems that the best point for whales is between $31,000 and $38,000 to accumulate Bitcoins.

[gurunanakji777]

We all heard here and there china Fud and Elon tweets play a major role in Dropping Bitcoin price. But I don't think this is the only reason for the BTC drop. If we see the BTC charts we can notice BTC was at an overbought level so the correction was due according to the charts and that's the main reason for the BTC drop in my opinion.

[Evgenklm]

The main reason for the fall of bitcoin is negative news towards it, the latest news was from China, which increased the pressure on bitcoin miners, then the United States with its new rules with the tax system, and of course Elon Musk.

[yohananaomi]

The main reason for the fall of bitcoin is negative news towards it, the latest news was from China, which increased the pressure on bitcoin miners, then the United States with its new rules with the tax system, and of course Elon Musk.

Obviously, bad news about bitcoin via social media really puts pressure on the bitcoin movement, we can't avoid this fact. supposed bad news like @elonmusk and Bitcoin banned in China, it must spur to keep moving. But many investors are disturbed by news like this and obviously this is not good for the foreseeable future. do not get used to things like this to disturb the movement of bitcoin and must be optimistic that it is news that does not need to be exaggerated.

[Freemind]

This time the biggest cause of all this has been Tesla and Elon Musk along with the legion of newbies they drag, those newbies are the first to sell out of fear when the market started to go down. The Chinese government also has part of the responsibility, but I think it is much less, since it has been saying the same thing since 2013 and even since then they have not banned anything.

[nicecrypto]

Most people say that the cryptocurrency market is falling due to the fact that China wants to fight against bitcoin and crypto mining, I do not know if this is true or not, but as you can see, the cryptocurrency market reacted very strongly to these news and if these news are true, then perhaps a bearish trend may be starting or has already begun.

Well I wouldn't really call it a bear market yet but there was a reaction to all those news (FUD) that was going on with the cryptocurrencies especially Bitcoin from Elon Musks' tweet to China BAn again and even the US crypto Tax proposal.



you can see that the market took to downward trend since then only trying to recover now.

[neocrypto90]

It can't only go up all time, otherwise, it will be considered as a bubble, when BTC comes down it's completely healthy and natural, and people should consider that as an opportunity, and buy more BTC, as an investor or a speculator.

[Papusha20]

When the price of Bitcoin increased, the price of Bitcoin increased regularly.  This amount increased which is unimaginable because the price of Bitcoin has increased tremendously.  But now the price of Bitcoin has started to fall sharply.  Only bitcoin prices are now the most on the low side is very damping of Bitcoin.

[pealr12]

It is part of the circle whatsoever goes up will come down for some time before going back up, market can not keep going high without any retracement, it won't be a healthy market and neither will it be realistic.

[Lenipiw]

Bitcoin prices have been falling for the past few days. But I think all investors will be happiest if they return to the previous position. Because every person invests in the risk of profit when they invest in the cryptocurrency market. So when the price of Bitcoin was higher, a lot of cryptocurrencies improved a lot. In other words, all the coins except Bitcoin were in a good position. So there was a buzz in the market. However, the fall in the price of Bitcoin has affected all coins. So every investor expects that the price of Bitcoin will return to its previous level.

[Zezari]

It is difficult to say why bitcoin is sinking, maybe it is done specifically by whales to stabilize the market. Bitcoin is also reacting to the global market, it's very difficult to talk about it right now.