Why Bitcoin is currently weak?

[nakmantu99]

It is definitely not something that we can see a drop right now, it looks like its a fine thing and we can make some money from it. I know that people think its weak, but the price recovered a bit and I can see it reaching above 60k once again, so we shouldn't really worry about it. I know that it will take some time, but its not really that complicated to see that we are talking about something that's quite profitable at the moment. Investing into bitcoin at the moment could bring in a good chunk of money, it shouldn't really be a bad thing, we should consider this as a good way of making some money as well.

keep hold your bitcoin and make some purchases to add to your wallet collection because this market will last forever, we will see bitcoin experience some more corrections this month and may still stay below $60K until next month. Because it seems like the market seems to be waiting with the US presidential election, but we don't need to worry if the worst case scenario in November happens, bitcoin dives sharply we shouldn't panic because the bullish season is still long, it will happen next year.

[Aanuoluwatofunmi]

Many would had been giving enough reasons to why we are having a bear market and this is because they think of the economic impact as one of the major constraints that causes the market to move in a particular direction, but they have entirely forgotten that the bitcoin network is self sustainable on it own self, likewise it depends on its market demands and supply to the price and market value.

[Wiseman]

As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower.

So what makes Bitcoin so sluggish at this time of the year? According to Cointelegraph: "A weak US labor market, fear of a tech bubble, and regulatory actions are factors behind Bitcoin’s recent sell-off."

Seems to me that the weakness of the US economy is dragging Bitcoin down. Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?

Why do you think Bitcoin is weak? There is simply expectation and there is reality, perhaps you expected Bitcoin to be at 100k by now? If so, that doesn't mean it's weak, it means that the time hasn't come for that price yet and people have other things to do than just buy Bitcoin and spend money on its PR, now they are promoting meme coins and as we can see, people like it the most, Bitcoin will soon have its turn.

There are many people who expect Bitcoin to reach 100k$; that's why others doubt or hesitate because at 60k$ they notice that it is very difficult to break into the market.

It's really hard to read the chart graph in trading these times; it seems like there are whale manipulators stopping this thing, to be honest. And when the scenario is like this, it's better and safer to just hold for now.

Yes, that's right, manipulators rule the market and they can know what the crowd doesn't know, namely who holds how much bitcoin in their wallets and if there are fewer of such people then there is no point in them raising the price, but if such people become more confident then they will start raising the price, it is not profitable for them for someone to buy now, it is profitable for them for people to buy from them later.

[doc]

Yes, that's right, manipulators rule the market and they can know what the crowd doesn't know, namely who holds how much bitcoin in their wallets and if there are fewer of such people then there is no point in them raising the price, but if such people become more confident then they will start raising the price, it is not profitable for them for someone to buy now, it is profitable for them for people to buy from them later.

In the crypto market we will always see whales manipulating the market and that is a fact. And they will take advantage of every action. You are right, they prefer to buy from them and then enjoy the results. They will make the price go down again and then buy at a cheap price. The manipulation will be done again to raise the price and they will sell it.

[debra]

But for now, the price of Bitcoin has increased quite rapidly. Because if compared to 7 days, then there has been a significant increase in the BTC coin, it has been around more than +12% for the increase. It's just that it's not that focused because the market is in a transition period. And even now the price of BTC has reached $60,219 again, very happy, hopefully in October, the price of BTC will really go up, guys.

Yes, although it certainly won't be that easy, because the market is still very much influenced by various media and also news that may affect the price of Crypto again in the future. But at least, we are already in a stage to be much better, yes, don't worry about the conditions that continue to change.

[Wiseman]

Yes, that's right, manipulators rule the market and they can know what the crowd doesn't know, namely who holds how much bitcoin in their wallets and if there are fewer of such people then there is no point in them raising the price, but if such people become more confident then they will start raising the price, it is not profitable for them for someone to buy now, it is profitable for them for people to buy from them later.

In the crypto market we will always see whales manipulating the market and that is a fact. And they will take advantage of every action. You are right, they prefer to buy from them and then enjoy the results. They will make the price go down again and then buy at a cheap price. The manipulation will be done again to raise the price and they will sell it.

It seems like it sounds bad and that whales are cunning, bad manipulators)) but without them the market would most likely never grow, and even if it did grow, you yourself understand that constant growth is also not always good, manipulation helps many people to conveniently enter the market and earn money even without having a lot of knowledge.

[Rubel007]

Following the Bitcoin chart for the last 7 days we see that Bitcoin has increased by almost 10 percent. Even if there is a 5 percent fall in the price of bitcoin next week, I don't think the market will be bad. Because Bitcoin will be bullish at some point through this process. Investors who panic over small price drops need to know more, I think. Bitcoin will continue to do so until it gains full strength to become bullish. During this period, patience is the best strategy to increase investment. Moreover, big whales in the market are always increasing, they seek their interests by affecting various types of news at any time. Investors investors should waiting patiently.

[Hamza2424]

Weak days are now dead!

Haha, I was super bullish from the start of the month but due to the continued pressure haha, In a price speculation event for 19th September on BTT I made a prediction of the 59k+ haha and its already 60k+ seems like my prediction is gonna be wrong, haha this weak Bitcoin trend made me lose 50 bucks.

[JISAN]

As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower.

This is not a weakness of Bitcoin. The Bitcoin price correction which saw a big dumping of Bitcoin started to pump up the Bitcoin price again. You've probably seen this happen and it looks like Bitcoin price won't take a big dump again before making the next ATH. Bitcoin price crossed $60k today and is slowly rising. Bitcoin price is likely to see above $70k by the end of this year and may make a new ATH at $85-$100k early next year.

[nakmantu99]

As of the moment, Bitcoin is standing at $54,334.40 which, of course, is not what many of us who are hodlers are expecting this month of September after a lousy August performance. Since September 1, the price has been on a steady decline from around $57K to now at $54K...with even more possibility of another slide down the hill even getting into the $50K level and lower.

This is not a weakness of Bitcoin. The Bitcoin price correction which saw a big dumping of Bitcoin started to pump up the Bitcoin price again. You've probably seen this happen and it looks like Bitcoin price won't take a big dump again before making the next ATH. Bitcoin price crossed $60k today and is slowly rising. Bitcoin price is likely to see above $70k by the end of this year and may make a new ATH at $85-$100k early next year.

It looks like bitcoin price will reach $80K by the end of this year my friend, and we will see bitcoin price more expensive next year. I also see this as just a correction and not weakening. because we also know bitcoin is very volatile. Bitcoin currently seems to be struggling because of several issues, one of which is the big sale and waiting for the US presidential election. It is better if we have a long-term hold plan, we do not panic or are affected by the bitcoin correction in the crypto market, because the bitcoin price will go back up.

[densus88]

Bitcoin looks weak does not mean that bitcoin is weak but because the market is correcting and as always happens after bitcoin halving. so we have to be patient and wait until next year, hopefully by the end of this year there will be a price movement of bitcoin beyond $ 70K.

[summonerrk]

Bitcoin looks weak does not mean that bitcoin is weak but because the market is correcting and as always happens after bitcoin halving. so we have to be patient and wait until next year, hopefully by the end of this year there will be a price movement of bitcoin beyond $ 70K.

It seems to me that many people think Bitcoin is too promising, and that's why they buy it all the time. Everyone is waiting for 100k.m. And that's why it can't adjust normally. I think the lower limit is 43k. And the price can't reach that value.

[legend45]

Bitcoin looks weak does not mean that bitcoin is weak but because the market is correcting and as always happens after bitcoin halving. so we have to be patient and wait until next year, hopefully by the end of this year there will be a price movement of bitcoin beyond $ 70K.

It seems to me that many people think Bitcoin is too promising, and that's why they buy it all the time. Everyone is waiting for 100k.m. And that's why it can't adjust normally. I think the lower limit is 43k. And the price can't reach that value.

As far as I know, bitcoin is indeed promising, that's what makes me always invest in crypto and always have bitcoin in my wallet for long-term holding. I also have other top altcoins, I'm waiting for the bitcoin price to reach $100K because I also target to sell some of my bitcoins at that price. and the rest I will wait for the top ATH to be achieved next year.

[MUGNIA]

Now, do you think Bitcoin can even go lower than $50K this month of September or would you rather think that there can be a big rebound days from now?

Yes, I think that Bitcoin can possibly go below $50k if such intense selling pressure takes place once again. even think that there's chance to see Bitcoin below $49k mark if some bad event takes place because it's month of September and I guess it's the worst month for Bitcoin and for the whole market.

one madness if btc returns below 50k$, there will be a lot of panic from btc holders, although there is a possibility of an increase but if it reaches 40k$ who knows whether it will exceed 70k$ in this bullrun

[armanda90]

one madness if btc returns below 50k$, there will be a lot of panic from btc holders, although there is a possibility of an increase but if it reaches 40k$ who knows whether it will exceed 70k$ in this bullrun

Its luckiness because bitcoin going down under $50k just few hours awhile before returning back to higher price and yesterday bitcoin success hit above $60k. I think many people got panic after easily bitcoin got correction and dropped under $50k indeed that moment running at short time, since last time make new ATH price bitcoin never stable keep on the higher price and always got crash although any recovery but take more longer time than how easily for bitcoin going down.
Now the moment bitcoin still weak but good opportunity make as short term trading with many opportunities earn profitable with bitcoin price correction.