There are several reasons that may explain the decline in the price of Bitcoin despite the indicators indicating a strong rise. The most prominent of these reasons are:
1. Whale manipulation: Yes, there may be manipulation by large investors (whales) in the market. These people own large amounts of Bitcoin and can manipulate prices by selling large quantities or buying large quantities suddenly. They may have goals to make profits in the short term or take advantage of the decline to buy more at lower prices.
2. Fluctuations in global financial markets: Digital currencies are affected by fluctuations in financial markets in general. If there is economic or political tension, investors may prefer to switch to safe assets such as gold or the dollar instead of digital currencies.
3. Government legislation: Rumors or news about restricting Bitcoin trading or banning its use in some countries may lead to a sharp decline in its price, even if long-term expectations indicate an increase.
4. High liquidity: Bitcoin has a highly liquid market, which makes its price quickly affected by large buying and selling operations, whether by individuals or institutions.
5. Traditional Market Movements: Bitcoinâs decline may sometimes be linked to movements in traditional asset markets such as stocks, especially if traditional markets are going through a period of turmoil, as investors tend to liquidate their investments in more volatile assets such as digital currencies.
Bitcoin is a complex market and is affected by multiple factors, so even with positive indicators, you should always be careful of sudden fluctuations.
