Heavy Selling Pressure Crashes Bitcoin Price

[Selina31]

Bitcoin fell nearly 4 percent on a single day and failed to defend the $11200-$11400 long-held support zone. As per an analyst, 02 September 2020 witnessed a heavy influx of digital assets into the exchange increasing the selling pressure. Read the complete news at https://the Url is blocked due to spam #Cpspam/news/btc-bearish-trend/

[Astra]

Large fluctuations in supply and demand in the cryptocurrency market are common. If the price of bitcoin rises, some of its holders use this to fix their profits, and therefore sell some of their bitcoins and they fall in price. This is completely normal and should always be so. Therefore, I am very skeptical about predictions of its very large price growth. It is unlikely that many will keep their bitcoins, seeing how it will skyrocket in value.

[Black ID]

In conditions that are still affected by COVID, it seems that many people end up needing money. So that sales are increasing. This will continue until the end of the year. So it is not surprising that the price of bitcoin continues to decline.

[Altcoin1998$]

Bitcoin fell nearly 4 percent on a single day and failed to defend the $11200-$11400 long-held support zone. As per an analyst, 02 September 2020 witnessed a heavy influx of digital assets into the exchange increasing the selling pressure. Read the complete news at https://the Url is blocked due to spam/news/btc-bearish-trend/

May be that was right but I think bitcoin market depends on only trading and holding events. Some external phenomena that crashed bitcoin actuately but temporarily. I think market will again bump.

[damsix]

No need to be burdened because I believe it is just a step that is not right if we continue to look at the price of Bitcoin.
Bitcoin price ups and downs are commonplace and that's been for sure since Bitcoin was first created.

Bitcoin is now expensive at the price of 11,000 - 11,000 USD and it is certain that buying and selling Bitcoin is also very heavy and a lot!

[AllSii]

Bitcoin will not soon reach the level of $12,000, because there are a lot of orders for sale there.  This is exactly the price at which many investors who bought BTC for $8,000 - $10,000 are willing to sell.

[cynthiaaddison]

The whales are making sure weak hands sell only to accumulate more in their bags. The value of bitcoin is way undervalued right now, when it blows up it will wow people

[Senin]

There will always be an offer for the sale of bitcoin with any movement of the cryptocurrency market. This is real life and for this reason our cryptocurrency cannot grow in value for a long time.
Will Bitcoin be able to rise so high in price if a certain part of its holders are eager to sell it in order to fix their profits? We are going to see this within a year.

[Malam90]

Few weeks ago, Bitcoin price went down to $9800 for few hours but after this, price has been recovering and now staying $11300+ which is the highest rate in the last few weeks. Still Bitcoin price is on uptrend, anytime it can hit $12000+.

No need to be burdened because I believe it is just a step that is not right if we continue to look at the price of Bitcoin.
Bitcoin price ups and downs are commonplace and that's been for sure since Bitcoin was first created.

Bitcoin is now expensive at the price of 11,000 - 11,000 USD and it is certain that buying and selling Bitcoin is also very heavy and a lot!

I don't think $11k is high rate but if selling pressure or new rumor like any exchange will come, price may fall again from this point.

[EthereumDev_]

take it easy the price of bitcoin will definitely recover because many support bitcoin and a very limited supply will make the price very expensive.

[Blaze]

take it easy the price of bitcoin will definitely recover because many support bitcoin and a very limited supply will make the price very expensive.

well, I really agree with what you say because currently bitcoin has good news which should provide good opportunities for bitcoin prices.

[UNIVERSE]

Actually, it relates to the supply and demand that are all ready in the crypto market.
If there is more demand than supply the price will be good increasing. However, if there is more supply than demand, the price will be probably decreasing. Moreover when there are many people who are selling at lower prices. it will keep decreasing

[H2O]

Cryptocurrency market depends on some critical factors or issues. The circutaling supply, total supply, trading volumes, presence of investors and traders, marketing strategies on exchanges etc. But heavy selling pressures also a critical factor in the world cryptocurrency market to bearish market creation I don't know anything about this.

[Quart]

You are right. When people are coming to sell more BTC than buying BTC, the price will crash so easily. It means that the supply is much bigger than the demand. So, the people who want to buy can set the price lower than usual. And of course, this is not good for the market

[I-Bit]

Now I think it is not only big numbers of Bitcoin to sell. People also still buy more Bitcoin if the market trend looks good and continue more. I can feel that people are still enthusiastic to buy because they are pretty sure the price of Bitcoin still can reach $15,000 or more. This makes the bullish trend in Bitcoin is still there.