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Author Topic: BTC Market Down? Any Specific Reason?  (Read 2021 times)

Offline marcsymons

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Re: BTC Market Down? Any Specific Reason?
« Reply #15 on: July 27, 2021, 12:19:37 PM »
I think it has something to do with the leverage traders. Whenever a bull run starts you’re going to see a lot of leverage crypto traders buying heavily on margin. Once a selloff starts, it triggers a bunch of stop sell orders & the traders (who didn’t start the selloff) massively liquidate their positions & the price shoots down.

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Re: BTC Market Down? Any Specific Reason?
« Reply #15 on: July 27, 2021, 12:19:37 PM »

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Offline Bobcrypto

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Re: BTC Market Down? Any Specific Reason?
« Reply #16 on: July 27, 2021, 07:17:47 PM »
It is a normal situation for bitcoin to fluctuate when there are positive/negetive speculations or news, and the recent news about Amazon accepting bitcoin as one of it's payment method has caused the recent price drops. Many times bitcoin movement is fueled by different news and speculations and I think this has become part of the crypto economy..

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Offline I-Bit

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Re: BTC Market Down? Any Specific Reason?
« Reply #17 on: July 27, 2021, 11:50:11 PM »
The reason is clear enough, the demand in crypto market is decreasing. What makes the demand decrease? I think there are many factors, it can be manipulation by whales or the interest of people to buy is no longer high. People may be afraid to put their money in crypto investment after many bad news about crypto as well.

Offline Suma Islam

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Re: BTC Market Down? Any Specific Reason?
« Reply #18 on: July 29, 2021, 01:07:00 PM »
BTC market down? Any specific reason? Having been involved in this cryptocurrency market for a short time, I don't know much about the market. What causes the market to be dammed up again. Cryptocurrency which is the marketplace I got the idea a few days ago but the price of bitcoin is just ch.

Offline Suma Islam

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Re: BTC Market Down? Any Specific Reason?
« Reply #19 on: August 01, 2021, 06:34:45 PM »
The value of bitcoin can change by thousands of dollars in a short time period. On the last trading day of 2020, bitcoin closed just under $30,000. In mid-April, it flirted with $65,000. It is currently 34,370 however the BTC remains successful with its jumps and declines.

Fluctuations Constantly happening and could not stop by mere crypto members. The power of demand and supply, and the influence of buy time and sell time always possible to take over the market. Thats why Bitcoin price is unstable and never be at stable condition to see it on flat $34K the whole week. Nevertheless, Bitcoin always be successful though it might be predicted killed 77 times.  ;D
The BTC market has gone down again. What is the reason for this market going down? We still don't know about this. The market is constantly up and down and no one knows whether it is due to someone's intervention or not. But there are some brokers who help raise the price of Bitcoin. No one still knows how they do it.

 

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