Why Bitcoin is currently weak?

[Celph]

Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.

[rizqillah]

Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.

The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.

[SmartGold01]

The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.

Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.

[Rubel007]

Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.

The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.

Bitcoin is volatile and can be corrected at any time there is no specific reason in recent times. However, since the US election process is only days away, Bitcoin is unlikely to experience a bull market at this time. Bitcoin price has decreased slightly in the last 24 hours. It is highly likely that Bitcoin will not see much growth until the 5th November. But I never consider the current situation to be weak because a positive message will allow Bitcoin to reach high. The market is still in the bullish zone.

[Bobcrypto]

The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.

Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.

Market weakness has to do with demand and supply principles playing at certain times, and not prices. Price of Bitcoin are not considered as weak but the demand/supply does over times. If the demand of Bitcoin increase there is the likelihood of an increase in price, vice visa, the supply also do likewise, there is likelihood of a decrease in the price

Again, if demand at certain periods are weak, it tell on the market prices even the supply also do likewise. Currently the market is moving sideways, in my opinion, Bitcoin price may touch $75k by the end of the year, 2024.

[36B]

The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.

Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.

Market weakness has to do with demand and supply principles playing at certain times, and not prices. Price of Bitcoin are not considered as weak but the demand/supply does over times. If the demand of Bitcoin increase there is the likelihood of an increase in price, vice visa, the supply also do likewise, there is likelihood of a decrease in the price

Again, if demand at certain periods are weak, it tell on the market prices even the supply also do likewise. Currently the market is moving sideways, in my opinion, Bitcoin price may touch $75k by the end of the year, 2024.

Well, The price of bitcoin varies successively mainly due to changes in the supply and demand forces. With respect to the technical relationship between demand and prices, it is observed that when demand rises, so also do prices; therefore, when demand falls, prices come down, and conversely, where supply rises, prices come down, while if supply falls, prices go up. Owing to the current sideways market pattern, the market can perform an uptrend once again if demand rises as experts believe that bitcoin might hit more then $75k mark by the close of 2024. Analyzing history of the crypto market also reveals that big events in crypto cycles cause sharp fluctuations in the rates, which is why it is necessary to focus on the indicators that affect the supply and demand for cryptos.

[SmartGold01]

The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.

Yes same as well and I am also very positive about the market, I don't see it to be very weak and being very weak is when the price is going very low to around 60-55k we can say the market is weak, but currently it has maintain a bit stability between 66k-68k for the past few days now if not for a week. I am still optimistic that this month still hasn't close its candles, so lets watch and see how the market moves.

Market weakness has to do with demand and supply principles playing at certain times, and not prices. Price of Bitcoin are not considered as weak but the demand/supply does over times. If the demand of Bitcoin increase there is the likelihood of an increase in price, vice visa, the supply also do likewise, there is likelihood of a decrease in the price

Again, if demand at certain periods are weak, it tell on the market prices even the supply also do likewise. Currently the market is moving sideways, in my opinion, Bitcoin price may touch $75k by the end of the year, 2024.

That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.

[doc]

That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.

Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.

[SmartGold01]

That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.

Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.

It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.

[21Pilots]

That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.

Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.

It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.

Usually Bear raids are used as a stimulus to make the market awaken, go up and start experiencing good results. Often with this pressure it shoots up to highs, bringing the price even to a higher level.

Bitcoin does this often enough where each significant upleg unlocks the prospects for the next one. This we demonstrate how such a market reaction enables the future movements of prices to be reignited.

[nakmantu99]

That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.

Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.

It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.

bitcoin is likely to hit ATH soon and we should be prepared for a correction after that. And that possibility has been predicted by many that every time bitcoin hits ATH, we will see a correction after that. Let's see, is there good or bad news this week?
Bitcoin has always been an attractive investment because many big investors believe in bitcoin more than altcoins.

[SmartGold01]

That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.

Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.

It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.

Usually Bear raids are used as a stimulus to make the market awaken, go up and start experiencing good results. Often with this pressure it shoots up to highs, bringing the price even to a higher level.

Bitcoin does this often enough where each significant upleg unlocks the prospects for the next one. This we demonstrate how such a market reaction enables the future movements of prices to be reignited.

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

[laijsica]

That is true, the demand and supply is the reflection of the Bitcoin price and I will also want to add that most times even news can also influence the price as without the effect of demand. Negative news and positive news are true controller of the market which simply means if an individual or an entity buys a large sum of bitcoin it quickly reflect to the market which automatically bounces back to the demand were the price surg very high.

Good news will make the prices of Bitcoin and Altcoin rise, while bad news will make the market experience correction and Bitcoin prices will fall. Demand and supply have always been a determining factor for the price, but news will affect the price itself. Although sometimes temporary, because the market will again take its role after the effect of the news disappears.

It is always like that because when bad news hit the market it gives the market a correctional approach to situate in better situation were the price will increase uncontrollably.
Bad news is what gives a strength to bitcoin price surg, and when price increase bitcoin always tends to create new ATH.

Usually Bear raids are used as a stimulus to make the market awaken, go up and start experiencing good results. Often with this pressure it shoots up to highs, bringing the price even to a higher level.

Bitcoin does this often enough where each significant upleg unlocks the prospects for the next one. This we demonstrate how such a market reaction enables the future movements of prices to be reignited.

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

I agree with you that there is an over buying pressure of Bitcoin in the market and the big holders are planning to hold more in order to have a chance to participate in the race to the $100k price. I also expect that smaller investors who have a small number of bitcoins will benefit more if they patience and increase their stash by buying more. By reviewing the history we need to develop future prospects to keep breaking the ATH repeatedly and keep ourselves on the path to prosperity by accumulating more Bitcoin holdings.

[Wiwo]

Like currently if you take a look at the market you would see that there is a huge buying pressure that drives the market to nearly hit back the previous ATH, but I know that won't repeat itself this year till nearly Q2 next year. I am only speculating based on the previous market history and how it goes, I know there is every possibility for the market to hit above the ATH but could likely be under probability.

Is not imposible for us to see another all time high within this period of time and giving as it is right now, we are just few bulk away from the previous all time high bitcoin price, this is an indication that we likely and possibly will see another break out of same, let say bitcoin hitting a price rang of $80 thousand before the end of the year 2024, it not going to be a surprising thing for most of us here since we already know the manner at which bitcoin move when it ready to create a new ATH record.

Going by that, expecting a 2 year time base for each all time record could become a defeated assumption this time around.

[Rubel007]

Bitcoin has been struggling for a period and that's a fact.Global economy's a mess right now, tech stocks are literally down, and big investors are basically hesitant while investing on bitcoin.
But, to be honest, regulations are the real killer. China's crackdown is huge, and it's causing a tremendous effect. Plus, environmental concerns are making governments take a harder stance.
Here's the thing, though, sentiment's bearish RIGHT NOW, but markets fluctuate. Bitcoin's been through worse, and it's bounced back before.That's a fact to note about.That's basicallly market for you.

The crypto market is very volatile so sometimes we see bitcoin going through correction and then it will go up again. I don't see bitcoin weak right now, but bitcoin just hasn't been able to touch ATH again at $73K, we have to stay calm and hold our bitcoin. because it is likely that bitcoin will reach ATH soon.

Meanwhile, Bitcoin is very close to the previous ATH. The current market conditions are certainly strong especially since Bitcoin has started to turn bullish again in the last couple of days. Although there may be a slight correction at some point, it is uncertain whether it will happen at this time. Bitcoin has gained about 8 percent in the last 7 days. Bitcoin prices will continue to rise in the coming days, especially up to the election. Regardless of the election, the time is now for Bitcoin. After a long wait, the market has regained its momentum. I would advise investors not to get too excited but to increase their investment in Bitcoin. The market is bullish and will be in a bullish movement for the next few days but it will not be surprising if there is a correction at any time. Of course an investor needs to be patient.