Why is Bitcoin price dumping before Bitcoin halving?

[Metha Wulandarin]

This time Bitcoin is actually rising quite drastically. And this happens very quickly. Can BTC reach $50k this month?

For now on 15-02-2024 Bitcoin has passed the $50k mark and continues to rise everyone hopes that Bitcoin can redeem ATH (all-time high) throughout Bitcoin's journey if Bitcoin can break ATH then there is no doubt ETH will also break ATH and of course other coins will follow Bitcoin's path.

[elbans89]

This time Bitcoin is actually rising quite drastically. And this happens very quickly. Can BTC reach $50k this month?

For now on 15-02-2024 Bitcoin has passed the $50k mark and continues to rise everyone hopes that Bitcoin can redeem ATH (all-time high) throughout Bitcoin's journey if Bitcoin can break ATH then there is no doubt ETH will also break ATH and of course other coins will follow Bitcoin's path.

Almost all of altcoin will follow bitcoin performance. If bitcoin touch new ATH, as many people predicted bitcoin will touch new ATH more $ 150K, I believe Ethereum and other altcoin will have good movement and touch new ATH. Price dumping and pumping is normal, we all will see every week.

[EthereumDev_]

For now on 15-02-2024 Bitcoin has passed the $50k mark and continues to rise everyone hopes that Bitcoin can redeem ATH (all-time high) throughout Bitcoin's journey if Bitcoin can break ATH then there is no doubt ETH will also break ATH and of course other coins will follow Bitcoin's path.

It seems that the price of Bitcoin is stuck at $52 and is having difficulty increasing the price again. Even though it is close to now there is still no further price movement even though usually the price movement is very fast, a new ATH will probably be obtained when it is close to 1 month before the Halving because so far Halving will make Bitcoin even more difficult to obtain.

[damsix]

Bitcoin price was dumping before halving because grayscale sold his BTC in huge amount. Bitcoin is recovering again now and touch $ 47K, no worries about the bitcoin performance at this year. Keep hold and patient.

Grayscale is a company that has a lot of Bitcoin, but if Grayscale sells all its Bitcoin, it will be impacted more heavily in the market and end up Dump Hard.
It seems like the news about Grayscale selling its Bitcoin is just a market trick so that the Bitcoin Dump and Grayscale buy more Bitcoin.

It is widely known about Bitcoin and now it is no longer possible for large companies to sell all their Bitcoin because everyone also knows that Halving is the starting point for an increase.
Even if it is true that Grayscale is selling its Bitcoin, Grayscale will definitely buy it one day in order to get more Bitcoin when the price is below.

[Aanuoluwatofunmi]

What many don't know is that there will always be a dump and pump in bitcoin market price, but we often get annoyed at seeing the market plummet than when its fast rising just as we have it already in these present days on $52,000 we cant predict the market to be as accurate as we have suggested, we can only be almost close to the way it appears to happen in reality, halving in this year will come in a little diverse form and we can have the pump as before and experience the bullrun after.

[Dr.Bitcoin_Strange]

I believe the reason for the price drop in Bitcoin before the halving is that investors are taking profits ahead of the halving, they are scared that the price of Bitcoin will drop after the halving.  The idea is that investors who have been holding Bitcoin for a while may be selling now to secure their profits, expecting that the price will drop after the halving. They might be worried that the price would drop as a result of the halving because there will be less demand and more supply. A few cautious investors goes as far as taking out whatever profits they have now in order to prevent future losses.

[legend45]

I believe the reason for the price drop in Bitcoin before the halving is that investors are taking profits ahead of the halving, they are scared that the price of Bitcoin will drop after the halving.  The idea is that investors who have been holding Bitcoin for a while may be selling now to secure their profits, expecting that the price will drop after the halving. They might be worried that the price would drop as a result of the halving because there will be less demand and more supply. A few cautious investors goes as far as taking out whatever profits they have now in order to prevent future losses.

What I heard was that Grayscale had sold Bitcoin in large amounts after the Bitcoin ETF was approved, this caused the Bitcoin price to drop.  But now that the price of Bitcoin has shown an extraordinary increase, has investors' enthusiasm increased due to the impact of the Bitcoin ETF?  or is there another cause

[Metha Wulandarin]

It seems that the price of Bitcoin is stuck at $52 and is having difficulty increasing the price again. Even though it is close to now there is still no further price movement even though usually the price movement is very fast, a new ATH will probably be obtained when it is close to 1 month before the Halving because so far Halving will make Bitcoin even more difficult to obtain.

Yes even now BTC has experienced a fairly large decline from the price of $52k to $50k btc, yesterday I started buying coins with the aim of selling them if BTC halving but not as expected btc is now falling and everything is going down.
Do you know the certainty of Bitcoin having it in what month ?

[armanda90]

Seems OP has change with his topic tittle about Why is Bitcoin price dumping before Bitcoin halving?? Today bitcoin success raise up to higher price and touched new highest price for this year. I think close halving bitcoin pump drastically than OP opinion about potential bitcoin will dump before halving.
Start accumulate bitcoin right now and don't scared with many speculation bitcoin will dump before halving time, I believe most right time for investing in bitcoin is before halving time coming and earn much profitable after halving with bitcoin pump drastically.

[Metha Wulandarin]

Today bitcoin success raise up to higher price and touched new highest price for this year. I think close halving bitcoin pump drastically than OP opinion about potential bitcoin will dump before halving.
Start accumulate bitcoin right now and don't scared with many speculation bitcoin will dump before halving time, I believe most right time for investing in bitcoin is before halving time coming and earn much profitable after halving with bitcoin pump drastically.

My fundamentals will not change to continue to give confidence to Bitcoin, Bitcoin adoption continues to grow from people who are new to crypto or who have been in the crypto world for a long time, are there still people who are not interested in Bitcoin?
Crypto players don't know much about the stock market but stock market players definitely know about Bitcoin, this is the plus point of Bitcoin fan only Bitcoin provides high ROI but is followed by high volatility as well.

[bayu7adi]

My fundamentals will not change to continue to give confidence to Bitcoin,

But... why about your fundamentals? Why not Bitcoin?

Bitcoin adoption continues to grow from people who are new to crypto or who have been in the crypto world for a long time, are there still people who are not interested in Bitcoin?

Looking at the data on this website, there are about 50 million Bitcoin users with non-zero wallets. We can't be sure if it's exactly 50 million; it could be around 5% more or less. So, considering that figure, it's clear that it's still very small compared to the total world population of around 8 billion people.

That means Bitcoin holders in the world are only about 0.7%. Pretty small, right? It shows that there are still a lot of people out there who might not know about or like Bitcoin, even if we're into it.

[Mr. Magkaisa]

      -    It is normal to have such a decrease in the price value of Bitcoin and even other cryptocurrencies. I then remembered that I read something that the trading system in such an industry only revolves around three types of movements: uptrend, downtrend, and ranging.

It means that there is no movement in the field of trading that only goes in one direction, so if he dumps, that means he has already broken the uptrend direction and he has taken over the downtrend and ranging.

[Power420]

By looking at this chart you will surely understand.

It doesnt have to be exact same scenario like in previous times but I am expecting price to increase before this year halving event.
Important thing for everyone to remember is to stay with cool head and know that price will go down and crash after, so dont panic and sell on bottom or buy on top 

The best opportunity to buy Bitcoin was at the beginning of 2023 when the price of Bitcoin converted to 15.5 with the maximum drumming. When an investor grabs the ideal investment, the price of Bitcoin has tripled to quadruple that price. So there is no risk involved in investing with Bitcoin, thousands of investors can make their future successful by investing in Bitcoin. So I think if you have to invest in Bitcoin there is still plenty of time to invest as it will be halving in April 2024. And after the halving Bitcoin will reach its highest price that investors could never imagine. So invest in Bitcoin only if you want to collect maximum profit, so fast halving is coming.

[Gurujebs]

What many don't know is that there will always be a dump and pump in bitcoin market price, but we often get annoyed at seeing the market plummet than when its fast rising just as we have it already in these present days on $52,000 we cant predict the market to be as accurate as we have suggested, we can only be almost close to the way it appears to happen in reality, halving in this year will come in a little diverse form and we can have the pump as before and experience the bullrun after.

I think there is a difference between market correction and market dump. The past three weeks, bitcoin has been pumping and now it has settled in between support of 51-52k region, I'm think we are not done yet, we may see some more upside of bitcoin until some weeks to halving, not sure exactly but we are going to have market correction which can range between 5% to 10% until a new support is form and it will stay their until the pressure has been exhausted.

Market dump is usually influence when there is FUD, when there is bad thing beyond many people expectation. This is when Bitcoin can do 25% downward with many liquidation of long market traders. I'm not sure if that is going to happen now because usually, halving hype usually compressed any fear, uncertainty and doubts but if we eventually get to new all time high, then it's possible dump might come because Bitcoin is always connected with some group of people that are always bad eggs here.

[jeraldskie11]

Sometimes we have to consider that smart money were also know about this. That's why base on the chart you provided there would be a bearish movement because of manipulations. So we expect for downward movement before the price impulsively increase. So this is not the best time to invest Bitcoin, it's better to wait for a manipulation to occur. If you can determine the manipulation base on candlesticks then you can take advantage for this upcoming halving.