The bad news from the ETF and some expectations swayed the market. However, for the first time in a long time, Bitcoin did not hesitate due to security concerns during the uptrend. When Bitcoin ascended to the present day, a hacking news emerged and everything was reversed. Let's look at the last ETF statement. This ETF is the strongest and the anticipator will price Bitcoin upwards. We can see 10K level again in two week if ETF will affect BTC price. Or we will go down again.

Based on the forecasts and characteristics of bitcoin it should go up from here. Reach around 9000$ in the end of this year and grow to 30 000$ by 2020. The situation doesn’t look really well at the moment and I can agree it’s a ‘sad’ summer. But the odds are in our favor

https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd

Bitcoin is experiencing a decline at this time the market is so unstable that the movement of Bitcoin up and down may be due to some issues or news that to this day dropped bitcoin and the price of bitcoin is now at 7k to 8k the highest price will bitcoin return again below 8k? we see within 3 days that will come on the bitcoin market.

Think about how many new cryptocurrencies there are on the market. Of course, it‘s obvious that they are unstable and they need time to become comparable with other currencies. Emin Gün Sirer himself mentioned that the cryptocurrencies in their early stages need time to adapt.

 The ups and down of the price Value of Bitcoin is really unpredictable, Market is Volatile, anything can happen at any given time, there is a lot of issues confronting Bitcoin as of this writing, like the issues on Banned, Scammer, Hacking, and never ending issue on Regulation by government financial institution whom critical to crypto currency digital transaction on the market, and other good or bad news about Bitcoin which market react. But the good news is Bitcoin is stable, with good fundamentals, market structure, among other Bitcoin remain on the Top of the crypto market.

Market prices are constantly falling down as expected by many, some depressed and sell out of the market. However, this is not the action of the majority of participants in the market because the trading volume is very low. While prices have gone down, the news is so good that infrastructure and technology development will certainly lead to market development.

I would agree that BTC did have the necessary corrections and that now we can buy them cheaper but the market itself hasn't been that great.

I agree. Bitcoin started this year with more than 17K in January and dropped by more than half in just half a year with no true guarantee that it will get back on track. I'm afraid it might stabilize at 7-8K and stay like it for a long while.

if you are looking for a "guarantee" for a price rise then you are in the wrong business (investment)! nobody will ever guarantee a profit for any investment, bitcoin included. if there could be a guarantee then price would have risen only once and stopped there.

even if price does become stable in that range it is not a bad thing. in fact it can be an excellent thing because it will build a solid ground floor for the upcoming rise.

This is not the first time that market falling down. Nobody knows what can happen in crypto world. But I think cryptocurrency market shall see a wonderful grow this August. As for some professional traders they said that Bitcoin will have a retrace before going to the moon again.