Why is the sudden Cryptocurrency price falling?

[de_prof]

But is it really ok for correction to be that big? 10-20% correction is ok? For me correction is something quick, severals days and we are back, growing. But we are falling down for more than a week already.

Yeah, I think It's correction.
Bitcoin and altcoins will have correction before hit new ATH.
Although we all see bitcoin and altcoins are recovering slowly now, But I still believe the bullish will happen before end of this year.

[masterrex]

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

IMHO, I don't believe Bitcoin price will fall back to that far bottom at this early stage, It was quite too low predictions for me, Although  I believe that the recent price drop was only a correction but we should admit that it was widely affecting the entire cryptocurrency market, Anyway we must continue to believe because as we observe today that most of the cryptocurrencies in the market were starting to recover.   

[Callisto]

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.

Of course, if there was a clear answer to your answer, then we would all make big money on these falls.
No one can answer 100% why such price jumps, one can only assume on the basis of a long analysis. Of course, these falls are not without the participation of whales in the market, this is my opinion.

[Dora Walletinvestor]

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.

I agree that this is probably a good time to buy. Support seems to be strong so it is not likely that it will fall too much further, looks like just a correction indeed.

[LaZim]

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.

Of course, if there was a clear answer to your answer, then we would all make big money on these falls.
No one can answer 100% why such price jumps, one can only assume on the basis of a long analysis. Of course, these falls are not without the participation of whales in the market, this is my opinion.

Not every whale knows how to trade. There are stupid whales who sell cheap and buy expensive. After all, they could get bitcoin for free.Someone beckoned him on the computer in 2010, someone gave it to him. I

[Ankit1999999]

Whenever there is negative news about any country, then only the price of bitcoin cryptocurrency falls. As in these days the news of closure of crypto currency in India is going on. crypto currency is seeing the effect of falling prices. But there is nothing like that.  Can you buy and sell crpto in india.

[legend45]

Whenever there is negative news about any country, then only the price of bitcoin cryptocurrency falls. As in these days the news of closure of crypto currency in India is going on. crypto currency is seeing the effect of falling prices. But there is nothing like that.  Can you buy and sell crpto in india.

It just correction before will touch new ATH, I think I agree with this opinion.
Negative issue also always against bitcoin  and altcoins , So I don't care with this..I will hold my coins.

[dekafee79]

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.

At the time, market seems struggling, I think It's correction time.
It will take several week to recover again before the bullish.
I predict bitcoin will bullish at the mid of December this year.
Hopefully, It will happen and we will get profit.

[Cloud_Crypto]

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.

At the time, market seems struggling, I think It's correction time.
It will take several week to recover again before the bullish.
I predict bitcoin will bullish at the mid of December this year.
Hopefully, It will happen and we will get profit.

Fingers crossed!

[hugo_uzman]

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

my mentor showed the fibo correction and ret chart of the bitcoin it really amaze me the power of 618 and golden ratio. may be the event are just coincidence of the fibo.

[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

my mentor showed the fibo correction and ret chart of the bitcoin it really amaze me the power of 618 and golden ratio. may be the event are just coincidence of the fibo.

wait for monthly candle to close , and new December candle open , if the price closed below resistance 65000 , down correction strongly expected  and may be get 45000 

[elbans89]

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.

Keep calm mate, It's just correction won't long time..
I believe crypto market will recover and bullish again.
Current market is recovering slowly now, It seems we will see the big bullish at this month.

[Gvent]

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.

Keep calm mate, It's just correction won't long time..
I believe crypto market will recover and bullish again.
Current market is recovering slowly now, It seems we will see the big bullish at this month.

The market is constantly going up, then rolling down. This is his usual state, which is called volatility. It is impossible to fight it, you need to adapt very competently to make a profit in such conditions and then you will not have to worry about your bright future.

[LaZim]

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.

Of course, if there was a clear answer to your answer, then we would all make big money on these falls.
No one can answer 100% why such price jumps, one can only assume on the basis of a long analysis. Of course, these falls are not without the participation of whales in the market, this is my opinion.

Do you think that large bitcoin holders know each other and go to each other for tea? It is the big holders who want to take money from each other and compete with each other. And we are already choosing the side to join and which trend to follow.

[pelana vreo]

The price drop occurs because investors think they have made a profit and sell Bitcoin at the desired price in large quantities then a red candle will be seen, this is always repeated because some crypto investors don't hold the coin for a long time, they also want profit and buy back low price