Why Bitcoin is currently weak?

[nakmantu99]

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.

Last week bitcoin price dropped below $50K is a good time to buy because yesterday we saw bitcoin price back to touch $60K, although currently bitcoin is back down to $58K but we should sell our bitcoin if we have made a profit because it is likely that bitcoin price will drop again because there is no good news that can trigger bitcoin price to go up at this time. make a purchase when bitcoin price drops back to $50K, this is just a prediction by reading market movements.

[Parzival204]

This is impossible if BTC will fall below 50k. Don't be provoked by a phenomenon like this. Several years ago we even saw BTC prices falling. But after that they rose with prices tending to be higher and more stable. factors that make the price of BTC rise or fall. Moreover, America is currently in the election period. And there are those who promise that BTC will be supported.

[armanda90]

Last one hour ago, finally Bitcoin success hit back above $61,300 although can't defend for long term but its good opportunity looking forward with bitcoin potential break out above $71k. Take more longer time for bitcoin returning back above $61k after last crash and make bitcoin hold under $56k for several weeks.
I don't think its good moment for bitcoin recovering to more higher price in the future after success hitting above $61k or just recovering moment awhile before bitcoin get correction back to lower price as usually bitcoin moment.

[Hisbullah]

Last one hour ago, finally Bitcoin success hit back above $61,300 although can't defend for long term but its good opportunity looking forward with bitcoin potential break out above $71k. Take more longer time for bitcoin returning back above $61k after last crash and make bitcoin hold under $56k for several weeks.
I don't think its good moment for bitcoin recovering to more higher price in the future after success hitting above $61k or just recovering moment awhile before bitcoin get correction back to lower price as usually bitcoin moment.

It seems that the price of Bitcoin has improved again because at this time the price of Bitcoin at $ 61K, it seems that this week we will again see Bitcoin's hrga touching $ 65K, and hopefully the price of Altcoin will touch the high price again because I am trapped in several altcoin whose prices are above today. Bitcoin strengthened again even though it was not as million when it touched ATH $ 73K, but in my opinion this was a good movement in September.

[kulkhan]

Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.

I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.

[ZAINmalik75]

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?

When BTC was touching $54k without any reason then I thought we might see a big dump but it has now recovered back to $60k which is a good sign and it recovered due to various reasons like interest rates CPI data was shared and the Saylor bought more BTC which was a big amount to pump the price.

The reasons you shared can be one of the real reasons behind the dump but I think there are other reasons, Employment rates can't be the reason for this dump. Anyway from this price I think it will pump more to $65k if FTX didn't plan to repay now.

[bayu7adi]

Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.

I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.

Seeing the BTC price successfully breaking through the buy side liquidity to $61,400 and breaking through the resistance point... giving a short and medium term signal that the BTC price will experience a bullish... I have a good feeling for the next few weeks... which may also be preparation for Uptober this year...

Let's see October, it seems to be a really fun month for BTC holders.

[pieppiep]

Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.

I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.

Seeing the BTC price successfully breaking through the buy side liquidity to $61,400 and breaking through the resistance point... giving a short and medium term signal that the BTC price will experience a bullish... I have a good feeling for the next few weeks... which may also be preparation for Uptober this year...

Let's see October, it seems to be a really fun month for BTC holders.

Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.

[kulkhan]

Now Bitcoin gradually being strong. We saw day by day Bitcoin price being up. We know Before some days bitcoin halving has been happen. We all know it has been an impact there has no doubt. I saw today's Bitcoin price is $61000 touched.

I believe day by day Bitcoin will more strong. I strongly believe it. And i strongly believe in earlier of 2025 we will see real bull session of cryptocurrency market.

Seeing the BTC price successfully breaking through the buy side liquidity to $61,400 and breaking through the resistance point... giving a short and medium term signal that the BTC price will experience a bullish... I have a good feeling for the next few weeks... which may also be preparation for Uptober this year...

Let's see October, it seems to be a really fun month for BTC holders.

Yes we saw long time Bitcoin price stay $55k to $60k and finally it barack his resistance level i think. And i am agree with you that we will saw medium level Bullish session i also strongly believe it.

I think we will saw medium Bullish session in this years and finally we will saw real bull session from the beaning of 2025. I think it will happen.

[alltalk]

Yes we saw long time Bitcoin price stay $55k to $60k and finally it barack his resistance level i think. And i am agree with you that we will saw medium level Bullish session i also strongly believe it.

Do we have a term of "medium bullish"? 
Yep, Bitcoin price tends to be stuck around $55k - $60k for many weeks. Now, it breaks $60k, it may continue to a higher price. But it looks to drop again below $60k. Not sure if the current condition in crypto market is enough to push Bitcoin increase significantly. TBH, I really expect that Bitcoin to reach $65k again if it wants to keep increasing consistently again.

I think we will saw medium Bullish session in this years and finally we will saw real bull session from the beaning of 2025. I think it will happen.

Again, I don't really understand the term of "medium bullish". However, we are really experiencing bullish season this year. The peak of bullish season is expected to happen in 2025. There are many experts to predict this, I personally agree with them.

[vegasus]

Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.

Exactly, October is often associated with the crypto boom month, where it is also often known as Uptober when it is about to enter Bullrun. Now the problem is whether the cycle will repeat itself this year? because there are some cycles that are not always appropriate.

But indeed, if you look at the development of the market, in July-August and early September, the decline in Bitcoin prices was quite drastic. And after the full moon from September, the price started to increase again. Maybe this will be a bit of an Uptober moment that influences the increase in crypto market prices.

[dekafee79]

Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.

Exactly, October is often associated with the crypto boom month, where it is also often known as Uptober when it is about to enter Bullrun. Now the problem is whether the cycle will repeat itself this year? because there are some cycles that are not always appropriate.

But indeed, if you look at the development of the market, in July-August and early September, the decline in Bitcoin prices was quite drastic. And after the full moon from September, the price started to increase again. Maybe this will be a bit of an Uptober moment that influences the increase in crypto market prices.

Let's just wait whether in October we will see the market rise or vice versa we see a correction in October and start a bullrun in November. as investors we must be prepared for all possibilities that will occur. because crypto is difficult to predict and we have experienced it many times.

[enwi]

Of course! Given the current trend, it is indeed an interesting time for BTC holders, especially after the price managed to break through a key resistance. Many are expecting October to be a month of fresh air for the crypto market, and given the current developments, that expectation is not without reason. Still, it is important to keep an eye on the market movements and be prepared for any eventuality. If this momentum continues, we could see a significant increase that many BTC holders have been waiting for.

Exactly, October is often associated with the crypto boom month, where it is also often known as Uptober when it is about to enter Bullrun. Now the problem is whether the cycle will repeat itself this year? because there are some cycles that are not always appropriate.

But indeed, if you look at the development of the market, in July-August and early September, the decline in Bitcoin prices was quite drastic. And after the full moon from September, the price started to increase again. Maybe this will be a bit of an Uptober moment that influences the increase in crypto market prices.

Let's just wait whether in October we will see the market rise or vice versa we see a correction in October and start a bullrun in November. as investors we must be prepared for all possibilities that will occur. because crypto is difficult to predict and we have experienced it many times.

We need to keep our eyes wide open for whatever seems possible could happen in the crypto market more so in the upcoming months like the October and November. Nobody knows for sure whether it is going to go up or down, but for an investor, it is very valuable to be mentally prepared and have a mature approach to it. The crypto market is unpredictable every time and we always witness volatility many a times. The key is to stay abreast with events and prepared for any scenario that want it to be either a bullrun or a correction.

[Faisal2202]

This is impossible if BTC will fall below 50k. Don't be provoked by a phenomenon like this. Several years ago we even saw BTC prices falling. But after that they rose with prices tending to be higher and more stable. factors that make the price of BTC rise or fall. Moreover, America is currently in the election period. And there are those who promise that BTC will be supported.

The post was made in September and in that month the sentiments of BTC were way different than they are now. Even at the start of October the sentiments were very bearish but now they are changing and BTC is bullish that's why you are saying this is impossible for it to touch $50k.

BTC is already being supported in the USA so people just creating the fake hype in the USA that after elections the market will be more bullish as if and only if Trump wins. But that's not true because BTC is already being adopted as ETF got approved.

[Lauris.x]

Currently, I see Bitcoin at $54,334.40, which is disappointing after a challenging August. The steady decline since the beginning of September, fueled by a weak U.S. economy and regulatory concerns, worries me. I wonder if we will drop below $50,000 this month or if a rebound could occur. I hope a trend reversal is imminent, but I remain cautious given the current uncertainties