Quote from: btc_angela on March 15, 2025, 07:40:31 AM

Quote from: dansus021 on March 15, 2025, 06:25:19 AM

Quote from: bad23 on February 23, 2025, 01:06:14 AM

What would cause bitcoin to drop 30% or more?

First of all this just a correction freen if you take a look the weekly chart you can notice that bitcoin already up 117% from the August to January I mean there will be no other traditional asset that can make significant gain in less than a year so drop 30% more is fair correction.

and then there is news like trump tariff its wipeout the entire stock market aswell surge the price of gold and make mixed signal to crypto

And come to think of it, it's not like the drop of 30% took days or weeks. It's month so this could be just a normal flow in the market. Perhaps the TA could point out that we are in the overbought zone that's why the price keeps going down.

And then there is the news about the tariff that keeps everyone off guard as Trump imposed it to his allies that's why the market was at a lost and so they are fearful and sold because of the uncertainties behind this.

No, its not a month on having that drop on which we've seen the price did make out some 92k to 78k price drop and it didnt happen in a month time but rather in days on which makes those other people who are just that new then they would really be freaking out into these movements but for these drops then it is really just that an ordinary day here in this space in regarding about these movements or simply that normal.

30% drop isnt that that a shocking thing on crypto space. Instead on freaking out then it will be best that you should be taking up that accumulation because the price is really that a good number to enter.
It is really just that people doesnt really want nor like to see dropping prices and thats why they do become frustrated. They do rather want to see prices to continue to increase on which we know that this isnt how the market works or behaves.