Topic: When is next significant correction coming? (Read 724 times)

I think this might be a good moment to buy, I mean you are not really going to predict the movement in the market it's going to be difficult if you just going to wait for the best opportunity you might end up waiting for nothing and end up not buying until the Bullrun, It happened to me a lot of times so the best time to buy is right now, and do not do it on very high amounts, start to accumulate weekly or monthly in that way you could lower your risk of your investment for sure. We all recommend to do Dollar Cost Averaging since its the best and safest strategy for cryptocurrency investment, as long as you are going to sell your token on the top you're always going to end up making a good profit on it so there was no need to wait for the right timing in the market just keep on accumulating Bitcoin until you earn a huge amount.

The time for price correction is what I can't tell, and I don't even think anyone can give an accurate prediction about that either.
 
If you have money to invest in bitcoin, I will advise you to do it the moment you have the money, and what you plan to invest in should be what you are willing to hold for a long period of time because you can invest today and the price can take a negative or positive turn the next day.

This is good advise for those that have multiple source of income, they don't have to wait when they see opening to DCA when price drop at any point that they want from correction but this is not easy for some even when they know it is right time to buy but they can't afford to throw in more money that will be stocked for some time that may not be estimable. So to DCA, you really need to have lose money because you just have to be accumulating maybe without profit insight.

Whatever the goal of OP is with opening this thread, but if we take it seriously for a second, everyone can guess what a significant correction is for a "newcomer" and what a significant correction means for the guys here who have been around for a decade. Going down from 73k USD to 58k USD isn't frightening those who are from the old days. Back then I was shocked when Bitcoin went 20% down and I thought this could be the end when there were crashes of 70% or so. If OP doesn't say what proportions are being referred to as "significant correction", then nobody can even give an idea really.

I have to say that price correction would still be happening most often these days despite of how eager we are we would want to put an end to that and start seeing a new all time high. Bitcoin will always be volatile, most especially if we are already in the bullish season. That is inevitable so all we have to do is remain calm and patient so we won’t resort into making wrong decisions.

But I have to agree that it’s best to see the bull run at the end of the year. It’s just that we don’t hold how bitcoin price moves in the market.

The option will get two different benefits from the profits of different types of investments, profits from investing in gold and profits from investing in cryptocurrency when you have set the lowest price for bitcoin investment, I think this strategy can be considered to optimize investment in cryptocurrencies, our investment group community has implemented this strategy to optimize investments to target bear markets.

Conclusion, we are willing to invest in bitcoin at this time but it is not supported by unstable market conditions and the price of bitcoin which is still high, we decided to invest in gold for temporary savings or can be combined with other strategies with the aim of increasing savings while waiting for a market correction .

None of us knows. Because if that would be possible, then expect that majority of us here won’t lose our investments but would be more patient to buy and hold knowing the best price is almost near. But we all know in reality, everything that happens in the market remains a mystery for us, but if you chose to stay more positive and stay more patient because it’s the right thing to do, surely you will end up with massive profits.

However, waiting when to invest is more likely a waste of time and opportunity. You could have invested that using your own extra money and just wait when the price will prosper. After all, bitcoin is a long term investment so one should not rely much waiting on bitcoin to fall on its dips, but learn to invest on the money that you can afford to lose regardless of the price.

Indeed, there are various ways to invest and also to carry out strategies that we consider beneficial to us as investors. However, in terms of investing in crypto, I think saving funds in currency before buying Bitcoin would not be wrong because these funds will be used to buy Bitcoin when the price is low. However, the method you stated is also quite good to implement because apart from being quite good through the DCA strategy, you can also have the opportunity to make a profit through the gold savings that we choose as temporary savings.

I think everyone has a different strategy even though investing using the DCA method, we don't need to be reckless in starting investments at high prices because considering the potential for high market correction in the bearish season, but our best option is running a DCA investment strategy at a lower price than current market price and save the savings funds in gold for the purpose of maintaining asset stability and when the BTC price falls then convert the gold for crypto investment.

Know that price correction will always be present in the market, but if you have funds ready to invest, why wait for some price correction to appear? Instead, do the DCA consistently while bitcoin bull run is not yet happening. Don’t wait to miss another opportunity because you are busy waiting for a dip price, as no one is highly capable to predict when will be the next correction in the market. Invest while you can, and invest using DCA so you can at least lessen the risk.

The returns in this bull run will be insane but within the realistic limits. As you mentioned we will not be able to see 1000x gains not only in bitcoin but also not possibly in altcoins too.

Some analysts have this point of view that previously the money flows from bitcoin to large cap altcoins and then to the small cap altcoins but this may not happen this time as the money going through ETF won't be going to altcoins and it is only the bitcoin that will be strong in this bull season. We are yet to see how the market behaves but still, it will be a good time to make money for both the bitcoins and the altcoins investors.

Yeah true, we are really hoping that starts soon because we all expected it to happen one way or another and by the looks of it we are seeing some situation changing with time, not a lot of people realize this but this hyped new one could be bigger than anything else we have seen.

Not because of the amount of money to be made, bitcoin can't go up 1000x like it used to, of course we won't be making that much money (at least not from bitcoin itself) but the growth and legality of bitcoin is at all time high. We literally have that ETF that we have been waiting for, you know how long that took? This is why I believe that we are going to go up for a while longer when this bull run starts, and I am expecting a big increase for sure.

Surely many people are praying and hoping this is the last adjustment before we enter the most anticipated price increase season. But I have other thoughts and hopes, I hope that there will be a final adjustment in September/October this year and that will be the last chance for those who missed the train and those who want to optimize their investment. But to be able to achieve that, I hope that by July or August the market will soon recover and grow again before another major correction. This is just my speculation and plan, I hope it will happen.
In my opinion, bull season starting at the end of the year will be the perfect time.

This correction was the one that probably was the last one, I do not expect to have any other big corrections to be fair and I am not sure why would it even happen if you ask me as well. We are after the halving and the amount of money we could make with the upcoming bull run is making everyone excited about the future, more and more people are going to end up buying and that will make the price go up, when it goes up then even more people will end up thinking that they are going to end up making some money.

I really hope that we are going to end up with making some profit so we should probably consider what would be the only thing that could matter. Let's hope that things do not go out of hand and we could consider what we could make with the current situation a lot better.

Expect the unexpected as always since this market is really that full of surprises and its true that everyone never anticipated that we would really be seeing new all time high considering that we are still that approaching the halving event on which that event did really that give out that kind of positivity that we might be seeing different as of this current condition on the market or this year cycle. Whether there would really be that correction or not, there's no one on this world would really be able to know whether it would happen or not. All the thing we can do is to speculate and anticipate whether it would happen or not.

The important thing on here is that you do know and been wary on what are the things that you would really be gonna doing just in case situations do really happen on point.
Ready up your funds or trying out to sell if you do have the opportunity or whatever actions you would be making as long it would really be something beneficial for you.

There's no definite time and date for a correction, we can only speculate, that's probably the best thing that we can do in that situation, if there's a better way than speculation, we would've done it a long time ago but it seems that this is the best already so we just have to make do with what we're given, play the cards that you were dealt with as the saying goes.

That's why you need to look at the time and purchases should be made not only when Bitcoin is at its highest price. Bitcoin has an edge to hold and if it has the opportunity to buy then it should do so in an attempt to accumulate more. No one knows for sure when Bitcoin will return to being in a sharp decline condition because now we are seeing a process of small increases and corrections.

Create a buying strategy for bitcoin and use long-term investments in the process. If the price is currently high then you can create a purchasing strategy using DCA so that it doesn't affect anything in collecting it.

What you were doubting also happened this year where ATH occurred before the halving and something like that had never happened in the four-year cycle in the previous period. And when you believe that all the predictions have changed, you have also seen a big change that has never happened in previous history so that what happened this year is completely new and has really become real now. Apart from that, the price correction itself is also not too big at this time because a significant decline has not yet occurred except only a small price decrease.

The volatility of its price makes it more interesting. No matter what we do, we can never be sure what will happen next. That is why investing in Bitcoin is risky and need to understand it prior to investing so that whatever happens in the market, we never feel uncertain instead, we remain positive and calm.

But there is one thing that never changed ever since, once the price moves up, drops come next. Like before the halving, the price is in the skyrocket but just replaced by a sudden drop after halving. That scenario explains to us that not always we experience an upward direction, we also experience fallbacks. When is the next correction? We never know when but that happens after another price surge. We already have an idea but knowing exactly when it impossible.

We just even seen a correction in the last couple of weeks though, as we went as low as $57k right after the halving. There could be some bad news that week, and the investors just pushing the sell button. Nevertheless, as the market is very volatile, who knows, maybe the price could star to go down again as we are like -1.x% something in the last 24 hours. But this is just short term though, I mean the halving is done, and slowly their will be more demand throughout this year so we need to be resilient as well in this trying times. Around $61k-$63k at the end of the month is not that bad. And then after that, next 6 months might be found for us as it could be some big movements and we will break the last all time high of $73k.

its simple to know whether there will be correction or not you just see the chart if the price shoot up so high there's big chance of correction that gonna occur in the upcoming weeks or month.
but the thing is its not really accurate way to determine whether correction gonna happen, bitcoin for example just shoot up past the all time high of $60k and now already floating around this price point as the next bitcoin price floor.

we supposed to have correction somehow but the price instead holding up pretty resilient that I become doubtful we gonna go below $55k again.
same thing with other coins out there, the pattern is always the same, there's risk of correction in every price rally but there's no guarantee the correction gonna come for real.

best course of action you should just buy the dips and thats it.
even if there's correction you won't lose, if the market is recovering you are already in profit, since correction can't be determined you might as well go with the flow.

Well, it's still commendable that you advised him to have bought it at a better lower price, but even below $60,000 is subjective and it depends on the risk affinity of the person. I never bought Bitcoin above $30,000, I do not have the affinity to risk that much. It is better that investors strike at lower prices and even if you are a daredevil-kind of investor, it is still good to use your brain wisely. If not, you might lose believing you would win. Also, one may risk and not gain so much from the investment by buying at a high price which is why it is good to weigh your risk and investment benefits to know if it is comfortable for you in relation to the money you are committing to the investment.

Also, I am with you, Bitcoin hovering at about $62,000 may not hit its half price ($31,000) anymore in this bullish season, so anyone planning on that should perish the plan. Fine, the asset is selling for now, it is at least in its major corrective phase, but I do not see Bitcoin reaching below $40,000 this season, not to mention breaking it downwards in the worst-case scenario. Those who did not buy it when it was low have missed much already, and it's better they do not force things to avoid issues for themselves.

You should have bought under $60,000 some time ago, and I think that is a good enough price for you to buy it if the selling target is in the next few months or next year where many predictions are that Bitcoin will reach its latest ATH.
In my opinion, it is impossible for Bitcoin to experience a correction to half its current price, so don't just wait because you will never know what will happen in the future and the more you think about getting it cheaper, the more you will lose opportunities later, because there won't be any who can accurately analyze what will happen in the next month and so on.

That’s how uncertain bitcoin is, which makes us even more thrilled to invest in bitcoin and expect to become rich 10 years from now due to its price correction that will always surprise us. However, this could be a good thing for us but for those who are never aware that bitcoin is this risky and unpredictable, I’m sure it will threaten them instead and become fearful.

Bitcoin price is always unpredictable, but if you are aware on how bitcoin price moves mysteriously, you will definitely lessen the risk and invest only in silence and patience.

Corrections is really just that part of the market and we cant really be able to tell that there would really be corrections as it always be since the market cant really be shooting up its price forever. This is why it is really just that wrong mindset about having thinking about last dip or correction literally but rather we would really be thinking up with that last dump before the moonshot considering that Bitcoin halving is over and we've been
already taking that bull run path. It is really just that no one really knows on when it would happen whether on this year 2024 or on 2025 which its been mostly been projected. This is why it would really be best that
that you should really be adapting on whatever the things that you would really be able to encounter along the way. There's no way that we could be able to make ourselves having that assurance about on things
on how it would really be ending up.

Just know that a particular season will not remain in the market forever, and try to take advantage of any season that is good to you, so that you will have story to share with your friends that you where part of last year bear to buy BTC to hodl till this year before you sell to take profits.

 Once you have it in mind to buy BTC from the market, just ensure you save enough money in your account to buy BTC when the bear season occur, which is the season people are waiting for in the market, but it will happen soon for people to use the opportunity well.

If you are waiting for people to tell you exactly when the bear will occur before you can buy from the bear market, I don't think they will get it right accurately because the price can change at anytime either to pump higher again or dump lower.

Yes, it could be something that might happen there will be no more corrections, but they continue to move until the peak. But is it impossible that the ATH will be faster than the time that often comes every 4-year period? It is, of course, also interesting to see if there will be no more corrections in this year.
All predictions will change and not be in accordance with bitcoin's habits. Is this possible? Let's just wait for the halving period to end. Currently the trend is continuing to increase.

there probably might not be any correction coming it just price stagnation and thats it no significant correction you see recent dipping a week ago if im not mistaken? well they recover in no time.
people in general are so bullish I don't think waiting for correction gonna be a working strategy at best its good to test patience but there might not be any result.

always believe that bitcoin gonna reach all time high anyway so if I were those people that too late into the game its either invest right now or not invest at all.
after all maybe next week we already gonna be seeing some good increase with bitcoin because the trend shows just that.

also need to add that right now there are many projects that tries to propose bitcoin locking or its called staking for example.
if thats booming aside from halving, i think its gonna be impactful.

I have the opposite thought to you, I'm not afraid of bitcoin correcting strongly because it's an opportunity to buy bitcoin at cheap prices. To make big profits, we need to buy low and sell high and to do that, the more volatile the market, the more opportunities we have.

Not only you, I know many people are expecting bitcoin to start increasing in price between now and the end of 2025, but if the market plays out in such an easy and predictable way, everyone will be rich. So who will be the loser in this game because this is a financial market?

We are all trying to have that kind of good entry and it is really that truly understandable that they would really be waiting up for that huge dump or correction on which for sure that majority is really that keeping an eye on because we do know that this would really be the sweetest spot that we could really be able to get in. The main question is on when? As if the price do tend to make out some correction but not really
that too deep for us to make such good entry,plus on the time that it does have that correction then it do eventually goes back up afterwards on which this is something that would really be putting up that kind of hesitation when making an entry. For those who do tend to take up some risk then it would be that giving up that kind of opportunity.

identifying when it will go down as if a correction is what i think he is asking for he is probably looking for a good price entry to buy BTC.
i think it will continue to go up and it will just correct its price when there is a big money going into big exchanges giving the new investors a low-price entry. a chance to hold BTC for newcomers.

if there is a correction right now, i would expect it to happen in the daily chart on the price of $40k. and wil rise again after a week.

But it is only a manipulation if someone classifies it as such. In other words, an authority that is of the opinion that it was manipulated, otherwise its just speculation, so we all speculating, arent we? In the case of altcoins, I would say manipulation, precisely because they are not decentralized and are perhaps controlled by their creator. Bitcoin is different. This price drop seems normal to me, I remember it from the last halving, there was also a drop shortly before that, but I think it was even bigger than the current one. if we dont see -70%, then we should see a few more good months or a year. But if you look at the price over the last 7 days, we are still at +10% for bitcoin, so everything is okay.

I think this is just my personal opinion there will be one more correction before the halving but we don't know when for sure.
because some big parties will dump cargo before the halving and will buy it after the halving.
or will we not see another correction during this year and will continue to rise

The difference is big if you buy 1 BTC or a larger amount - so you would save even $8000 if you bought one entire BTC, but if you bought 0.1 BTC you saved x10 less or only $800, which is also a good saving. But if you bought only 0.01 BTC, you saved only $80, which I admit can be a lot of money for some, but not so significant for others.

I won't go further and say how much the savings are if you only bought $100 worth of BTC, but as I already wrote the savings at those levels are almost negligible. However, I understand that numbers can have a significant psychological effect on people, and if someone feels good because he saved a few $, I have nothing against that.

It did dip quite a bit, but now the price is just shy of $67k, so there is profit taking when we did hit new all time high. It's understandable though, maybe they have been waiting for this and so for them it's necessary to take profits, so you can't blame them.


Hopefully there will be none, we are just like a month for the block halving and so everyone is really trying to save a lot of Bitcoin right now and be ready for the imminent bull run. Just imagine making profits when it hit 6 digit this year and then culminating for a huge all time high next year.

Those times are over when I tried to figure out when the next correction might happen. I would rather stick with a consistent buying strategy and follow the most important rule: don't shift your precious BTC into altcoins (aka shitcoins)! If for some reason you get the timing wrong, buy at the ATH and then BTC dumps hard, you can almost be certain that a recovery will follow, but it may take some time. Just check out when we last hit the upper 60k range. That is like 2.5 years ago. Make sure you invest money you don't need in half a year and you are on a quite safe way with your investment. Shitcoins may never recover! There are some that will probably recover because they are on the BTC bandwagon. But 99.9% of the shitcoins you can find on coinmarketcap.com will probably never go back to their ATHs. If you play that game of jumping back and forth between BTC and shitcoins long enough, you'll probably end up with empty hands.

By the way, what do you even consider a correction? 3%, 10%, 50%? People like Michael Saylor (or MicroStrategy) are adding more BTC frequently. I doubt they would do it if they thought any significant correction could be possible in the near future. With significant I mean something like 25% +. We aren't even at a point where 10% is really significant. BTC is volatile and if it drops from 68k to 61k, nobody who has been around for a long time would be talking about a significant correction. It wouldn't make a huge difference for potential investors either. Whether you get in at 61k or 68k, if you are pursuing long-term goals the overall impact is most likely going to be quite little.  

If you watch the news, you will know that the bitcoin price drop to $60k after bitcoin hit $69k today caused thousands of traders to lose money and the liquidation amounted to $1.2 billion. That's not a small amount and I don't think it's natural. To me, every time bitcoin drops rapidly or increases rapidly, it is when the market kills long/short liquidity and that is manipulation by market makers. But I agree, it's not a huge adjustment that we need to be concerned about.

As for predicting whether bitcoin will have another major correction, no one knows. Bitcoin is creating many surprises by consistently rising in price ahead of the halving and even creating new ATHs, but that doesn't mean there won't be any more major corrections. Personally, I still think there will be a big correction after the halving takes place.

It's not a manipulation but a usual scenario every time Bitcoin pumps, and that's not the big correction yet.

We have to wait for BTC to create it's new ATH before we see the big correction but still it's not guaranteed as Bitcoin looks more stable now to continue the up trend.

Lucky to those who are able to catch the dip again, that's a good profit already so enjoy it. 

I believe that considering the situation we are in right now, it's quite possible that we could fall before we get anywhere like that. We are nearing the all time high and nobody expected it to happen right now, and I am guessing that as soon as we are just above it or just below it, there could be a correction.

This is of course just my guess and I am not really expecting it to be something that will take some time, it is not going to be that simple and we should probably consider it to be a normal deal. I get that we are not going to see this change all that easily, after all it is not going to be simple for bitcoin to fall but we are very high right now so falling would be easier right now than ever. This is why many expect it to happen.

Nice, some people are happy rightfully when the price pulls back and its good to see      This was definetly a rapid correction or pullback but also the rise has been rapid by my reckoning and I've been watching a fair few years this was a good one.

This is still very much a positive market, I'm not too apprehensive personally and as the person above states for some its a good thing and a welcome opportunity.   I personally get uncomfortable if we never pullback as from my perspective that's unnatural performance.   Anyhow 61k or above is a positive movement across a week of daily bars, its still a positive resolution of that sideways or flag pattern seen prior.

BTC very much strong, as a quite skeptical person I still look for a larger pull back to something like 50 day average but it would be jumping the gun to think that now imo.

Hey hey hey everyone! Did you catch that dip? I did. Got some more Bitcoin for a very good price compared to $68. $60 and $68 is a very big difference.

People are saying there's a lot of manipulation involved in this price dip - well, I say - thank God there are manipulations like that!

Sounds good! I'd be happy with a prediction like that.  I just hope we don't have any more major pullbacks below 50k before the next bull run takes us to 100k and and beyond.

You could have predicted that something like this would happen considering that the SEC gave approval for spot BTC ETFs, but for consolation you are not the only one who was caught off guard, because much more experienced members of the forum suspected that spot ETFs would have this effect on the price.

I already wrote to you that it would be much easier for you to look not only at the price, but at the fact that Bitcoin is much more than an investment, but I understand that most people do not look at it from that perspective. However, if you only care about profit, can you even imagine what the price of BTC will be in the next 1-1.5 years from today? It may seem expensive to you, but chances are good that it will pay off in the end.

Everything written above is not financial advice, but only my personal opinion - do not invest more than you are ready to lose.

You should have invest when you thought of buying 3 weeks ago because now? you are already trapped on that and cannot buy in lower price because this is continues to grow from here mate and we are waiting for the moment of crossing ATH of bitcoin , because we  are short by hundreds today in hitting that ATH again.

Well I do think we are going to have a correction after the halving. I think that is what did happen before in the past for a Bitcoin halving. I also do think these new high prices do factor in halving event.

The halving is going to happen in 46 days. So I am going to make sure that I do have some fiat in my bank account to buy if there is that correction.

A lot of people didn't buy when the prices were low, they were confused about whether they should buy at that price or not because there were predictions when Bitcoin was around $30k that it would go lower from there, it went to $28k and then went straight to $40k from that point and the rest is history.

People who buy at current prices will earn some profit, but the profits would be lower than if they had bought earlier. However, if someone is making a long-term investment, they shouldn't worry about these things. All they will need to do is keep holding until their assets reach their desired prices, if they can't do that, they will either be at a loss or won't get enough profit on their investments.

If price corrections could be predicted, maybe there would be many people now who would take profit, but the problem is that they cannot be predicted. A price correction could happen tomorrow, next week, or in a few months, no one can predict. So if you ask about when the price correction will occur, maybe you won't get the answer here, because no one knows.

New all-time high first before some corrections.
As you can see we are already in the top, only 1 digit percent left. And just in case we will pullback, I believe we already have our strong support, and I believe it will go sideways only ranging from $60,000+.

Yes, although we speculate that the price of bitcoin will experience a correction when the new ath price is reached, I don't think it will last long because we are approaching the halving, which may result in a stronger reversal to rise again. It's quite accurate because I saw large sell orders at $69k and $70k, but if that doesn't go through, the price could drop to $55k. But that's just my analysis because currently the market situation is quite good with really strong buying support.

Of course, making entries in several places that we think will be picked up well will be really good to wait for. People are hoping for a decline when the price is rising but I won't hold it against them because I still hope the price of bitcoin continues to rise and reaches $100k before the halving.

If you ask me, I reckon we'll probably see prices wiggle around a bit when the next halving happens.  Maybe a little bump up at first as folks get excited.  Then kinda settling back down after everyone calms down. At least, that's my guess - tough to ever be sure with bitcoin!

No matter the current surge of bitcoin up ward I would be a correction and that correction would come after we hit a new All Time High. The reason is at this price there are going to be investors that would certainly be taking profits this will cause a little dump and as this happens fear will grip in and some short time holders will pull out too. Although I don’t expect a heavy fall but we will see a correction and then moon after halving

With Blackrock filing to buy more BTC for other funds it runs and Microstrategy raising $600,000,000 to buy more BTC, the only way this market comes down anytime soon is if mtgox distributes their BTC. Even then, there’s so much buying pressure right now, it would probably only dip for a week or two. For now at least, it’s up only.

Just for the past 3 weeks? Some of us have been waiting for the past year or so. Without much success.
Im starting to think dip wont even come to the party anymore.



That is not true. You are misinformed.

No one knows when a price correction is going take place and waiting for one right now is not smart because it may never happen. So If I were you, I'd be buying and filling my bags at every slightest opportunity I get instead of waiting for a deep.

A little correction, the American presidential election is slated to take place on the 5th of november 2024. Also, Bitcoin cannot be regulated by any entity, it's the crypto exchanges where it's been traded that are under regulations.

actually diversification of our portfolio it is good in cryptocurrency but the problem is that you have to make a proper research concerning those coins that you choose to be in your portfolio because it is obvious that you can invest in a coin that does not have a potential and by the end you lose both your capitals and no profit, so it is obvious that you have to understand the rudiment of investment in cryptocurrency before you invest that is why so many people who are investor keep on investing on a reputable coins that is valuable

Who cares though when will be the next correction? It's just like asking what will be the top price for this bull run? Just enjoy what you are seeing in the market right now. If this is your first time then good for you. And this is the classic dilemma for investors and that's why we said that it's better to do DCA and not waiting for the dip to buy. You can average in a DCA and even today you can still invest as we are far from the biggest bull run that we will see in Bitcoin's history. There are members here who are good in technical analysis but I don't think that anyone here could be experts and predict where will be the next dip and how big will be the fall, or when is the last leg down before we go to the parabolic rise. "Just invest what you can afford to lose".

at this moment you will come equally buy a Bitcoin because as soon as the price is increasing in the market you will be making more profit when you purchase now and it will happen to increase the only place you will experience disadvantages in the market of cryptocurrency especially Bitcoin is when you purchase and the price decreases that is when you have a downfall in cryptocurrency but when you purchase the market continuing to increase you are at advantages side because it will yield a more profit for you.

Bitcoin just hit the price of $67k which is very close to the previous ATH of 69k. However, I do expect this price run to the upside to continue until we smash the previous ATH level, and from there likely that Bitcoin will go way further to reach $80k per coin before we would get a major correction back to test $69k and to confirm that particular breakout and now turn it into that level into support which is currently acting as resistance zone.

Hello everyone! Thank you so much for your replies! It pains me to buy it so expensive when I bought it first £20K cheaper than it is now! But I guess I am gonna have to! I mean £20K in a little bit over  a month - I could not have foreseen this!  

No one can really have any idea about the market condition. When  it will be bullish or bearish but we can predict that after a big bull run there is a retracement. Bitcoin has been growing for the past few days in a way that sounds good to many but worrying to some. But for those who were still waiting to buy from the Bitcoin dip, the big dip may not be possible now. Because the market just recovered its price from the dip. Even if we see a correction, chances below 50k is really very low. But this is just speculation as anything can happen at any time.

honestly it’s hard to predict because of bitcoin’s volatile nature and its price changes a lot really quickly as well

if you want to acquire more btc i say that you should…. just buy whenever you think it is low enough you might keep missing the dip if you keep thinking that it might still go down so i say just buy it when you can afford it

Yes that's right. In the midst of market prices like this, plus we are approaching the halving period, the American election and apart from that, because the ETF may be waiting for the BTC price to correct, it is not the right thing because the right choice at this time is to continue doing DCA because we have not yet reached the new ATH so there is an opportunity to enter cheap prices are still available.

Additionally to me, bitcoin has become a hedge tool for whales as the value of fiat declines due to inflation. Whales continue to accumulate, especially after the halving, the flow of BTC supply is getting smaller due to reduced miner rewards. Btc will continue to rise in the long term with a correction of at least 5% to 10%, this will also be immediately bought back by whales. Blacrock himself suggests 28% of funds be put into BTC. So BTC will continue to rise to the moon. Let's play the game.

It's getting too unpredictable as the day passes by and I was assuming that we may see corrections before halving somewhere in March and April but if we look at how the Bitcoin has been performing I am doubtful now whether we will see any correction at this moment. I think we cannot predict anything when market is rallying hence it would be better to just stay up to date with the market and no one can predict a thing now hence let's not buy anyone's news or prediction.

No one can be certain of it but if it is just a guess and assumption then I guess it is during halving or the event itself being anticipated. Why? Investors will need to re-accummulate their holdings and that would be the perfect time I guess given that many small investors are expected to be buying at tht point due to FOMO. Again, this is just how I percieve the market and I really consider what happened from the previous Bitcoin halving even if it never displayed certainty and parallel alignment eversince but there's no other things we may consider due to natural inconsistencies. If I were to base or consider previous halving, bullrun occured months or almost a year after the halving. The idea as well that there's no consistent price increase happened, take note of 'consistent', in its market value simply because volatility will be always there including market manipulation by whale investors.

The only thing we could be a bit sure with is that price correction will take place anytime given how long the pump have took place already and the event we are all anticipating hasn't occured yet, and it makes a safe assumption that things are way too early for a 'true' (what we saw before) bullrun to happen even if there are signs already. What's a must is to be careful and to be on watch of your holdings so that if ever a crush will take place, you wouldn't be left with nothing but loss, set a stoploss if it is applicable with your investment plan. We are all guessing anyway and the only thing which is common is being preventive of loss.

No one can say when the bitcoin correction will come, and it is impossible to predict. Because Bitcoin is a volatile currency, no one can accurately predict its price due to its high volatility. We can only make a guess based on the past trend and current state of Bitcoin.
    So I think if you have enough money that you are ready to lose, then it is better to invest in Bitcoin now rather than wait for the price to drop. Because the bull run has already started, expect the Bitcoin price to surpass the last ATH. Next month is Bitcoin halving time. So we have to patiently wait for the next time to get a good profit by investing.

Hello and welcome. You have been around since December 2023 and there were also good prices for bitcoin. Now they are of course higher and look nicer, but they will probably look even better in the future, so now would also be a good entry. If you have a lot of time and a few years pass, then you could be even happier, but that is also speculation. None of us can see the future, we have already seen a lot, but bitcoin is here to stay and will get stronger, you are currently here, and you will see it, very good decision and I wish you all the best. Buy bitcoin, sell fiat.

The market in the last month has been quite encouraging for those who choose holders, not for those who trade. Expect a price drop in the near future to be able to get more Bitcoin at a lower purchase price like the price before now, it will be very difficult to get it again, although a drop amidst the increase is unpredictable.
In my opinion, to get more Bitcoin with high buying volume for the current price it is appropriate to do DCA before the new ATH.
If the situation is like this, those with small capital are already in a wrong position.

Near future seems difficult with significant correction for bitcoin exactly after success breaking out above $65K. Usually few percent of Bitcoin price pump always waiting for correction moment before raising the other new higher price again but difference in this time bitcoin almost difficult to get significant correction.
Last time significant correction when ETF approval announcement and bitcoin break out almost $47k just few hours later dropping drastically until drop under $40K and take more longer time for recovering to the higher price. Will the next significant correction after bitcoin price break out until $70k?

No one can predict dip or rise in prices of bitcoin. If a person is really able to do this, he need not do anything in his life. And within a month, he will become the richest person with the world with his accurate predictions. We can make a guess based on past trends and current situation. If I have to make a call, I will not wait for a dip here. I will keep buying BTC whenever  I have extra funds with me. This will average out the prices as well. Moreover, you will not spend that amount on BTC which is important for your daily needs, just the extra funds are spent which you can wait for to grow.

What do you mean by significant correction? I don't think there is Significant or insignificant correction it's just correction, if the correction last too long then it become a new bear trend.

Other that, there is no certain way to perfectly predict any correction, even with sophisticated and supposedly 'prooven' trading indicator and analytic there is still possibility of wrong prediction. You won't get any satisfaction answer with that question.

For me my plan is just hold and DCA, even if there is a correction.

In the last month I have also very rarely seen major corrections in the Bitcoin price unless it is just a continuous increase so the most sensible thing at this point is to enjoy this price increase to an unknown extent. Because if you yourself are expecting a price correction in Bitcoin for whatever reason, I don't think now is the time because even from a small level of price correction there are already many people who want to hold Bitcoin by buying it.

Moreover, if a big correction arrives, there will definitely be a lot of whales who want to take advantage of it, but for now I think this is difficult to happen because considering that there are many buyers who are not waiting for a big correction in the price of Bitcoin so the increase continues to occur in the market without any obstacles.

I find it fascinating that people actually think they can get an answer this way. That we, as a community would have an answer to when the next dip coming. Why would be even losing money ever if we would know that? If someone gives you right answer now, it's most likely because they were lucky and their TA was right, even though probability for that would be slightly over 50%

But are you seriously even buying that next correction? What if next correction is from $100k to $80k? Are you waiting for that and why?

My serious answer would be that you should try to find answers from respected accounts in tradingview. But majority of them won't give you right answers either. Just dca. If you are not using leverage, you can't mess up badly here.

The election in America will take place on February 10, 2024. That's just 6 days away.  Trump vs Biden, both are in favor of Bitcoin at the moment. But it seems Biden is better because I read they regulate Bitcoin and give room with some settings to grow. This gives Crypto room to continue to grow. While at this time Trump is relatively new, because he has just been involved in Crypto NFTs. Remember he once refused to Crypto, although in the end he withdrew his words. Then regarding the Spot ETF, yes I believe this wave was greatly influenced by the opening of the Spot ETF. Investors feel more confident in BTC since the Spot ETF approved.

Well cryptocurrency markets are pretty wild and nailing down when Bitcoin will correct itself is like trying to catch lightning in a bottle. Instead of stressing about perfect timing, think about spreading your investments around. Diversifying helps you ride out the ups and downs, making your portfolio more robust. It's like having a financial safety net when the crypto rollercoaster takes unexpected turns

I’m not trying to predict corrections at the moment; as an investor, I keep using the dollar-cost averaging strategy. Perhaps I'll start considering that when the current ATH is reached or surpassed because I know many are waiting before they sell. I'll also gauge the market as part of my daily routine to determine if I really need to sell and if there will indeed be a correction. But still, no one can predict the future for sure, so it's tough to say exactly when the next correction will happen.

The bull run has already started. Even though we are in the first phase of the bull run, I don't think we will see a massive correction if something very bad does not happen, at least not before the halving event. Most of the companies are waiting for the halving event and the new ATH. Everyone has their selling point. We don't know who will sell at which point. Right?

Let's say Micro strategy has a plan to sell some of their holding at 100K range. If they start selling each time BTC hit 100K range, small hand may start panic selling seeing a small correction. If something bad does not happen, then I do not expect a massive correction in the next few months.

I personally feel we won't see any corrections as what we are seeing is the effect of spot ETF. The current market conditions was what everyone was speculating before the approval. The amount of money that is being invested in the market to buy Bitcoin can only happen due to ETF. After halving which is scheduled next month we might see a more demand of Bitcoin.

Apart from ETF do remember this is the year of American election and the ruling part would not be interested in a market that is in red before election. We will see more of such small bull run till the year ends. Next year we will se a huge jump in Bitcoin price after which we should see correction.

No one can tell you when Bitcoin will have a correction and people expected such big correction in recent months. Till now Bitcoin already have 6 months with green and it's very logic to think of correction. Look back, we also thought it was logic like 2 or three months ago and see now how Bitcoin continued to rise more.

You must have two different views.

First, invest money in Bitcoin and your target is increasing your bitcoin. With this, you can buy now and don't have to wait because if Bitcoin rise more to like $80,000, a correction of 20% will give you a price like $64,000, not different than now.

Second view is if you only care about $, not BTC, you will don't care how many bitcoin you have with a same capital. So you will need to wait for a correction and buy a dip, get profit.

No one really knows when the correction will come. You'd hear people say that it will come after the halving and that's the normal thing that happens every time the halving occurs. Because if someone is going to tell you that he's sure that a correction will happen, he has to prove that to happen. But as you know, we're all speculating on this market and everyone is entitled for their own analysis. Just like what happened now, no one really knows that we'd hit $65k on an instant and Bitcoin just did. No one knows too on which day we'd be back to $69k and when it is going to surpass that past ATH.
That's why if you're asking when the correction will come for you to start buying. It's such a question with an unknown question but if it's about buying at the dip, we've been telling you to do that since long time ago and good for me that I did and the others too. But those that have missed it can't forget themselves because they're always hesitant about Bitcoin. I think that the pattern here is that bitcoin no matter what happens is going to have a straight line upwards with or without some corrections because this is the best crypto in the market. It is unbeatable and someone who's chill holding it won't have any problem for how long he's going to hold it because it's already proven that every cycle, it's Bitcoin that gives significant growth to itself and also contributes a lot to the bull for the market that affects majority of the altcoins.

Another correction topic right after Bitcoin pump hard. There’s no telling what’s the exact price for correction because bull run is not even concluded yet. If you really want to accumulate Bitcoin badly then why not start DCA today even for just small amount and continuously do regarding if the price dump or pump so that you can increase your Bitcoin no matter what happened.

I’m sure you will create this same topic when the price already reached 70k, 80, 100k and even to 120k until you didn’t buy at all while the price is already more than x2 if you just buy now. 

Currently BTC has touched 65K and the market is giving us another opportunity to earn money by trading bitcoin itself. I have a different opinion about market conditions which many predict will experience a correction. What you shouldn't do is sell BTC and then move from one crypto to another to look for the next sensation.

In my opinion, as long as the market is not hit by anything that makes it wobble, crypto market investors will be even better, as it is one of the indicators that influences the price and the whales don't make big selling actions, I think it's safe, but don't forget to set a stop loss. as a seat belt.

This is impossible to know, maybe something closer to the halving could happen... We had a 20% drop in prices a few weeks ago due to the sale of bitcoins by FTX, but I still think the path is clear until the ATH, without major concerns, only the natural price fluctuation.

Maybe you should ask those from BlackRock or Fidelity? As long as ETFs buy the amount of BTC they are currently buying (about 30 000 BTC per week), no correction should be expected, but only an occasional slowdown in price growth. I don't know since when you invested in Bitcoin, but unfortunately for all those who underestimated spot BTC ETFs and did not invest during the last year or even better in 2022, they can hardly hope for "cheap BTC" now.

If you buy small quantities and practice the DCA method, I don't see why you should wait for a dip - I'm not saying that you shouldn't expect one, but currently nothing points to it. Anything below $100 000 per BTC is cheap anyway

It's very hard to say when the next significant correction will take place, it has never happened before for Bitcoin to reach its ATH before halving. I'm saying reached because I am very sure that we will reach ATH, the price is 65k USD right now, and it's very easy from this line to reach 69k and even surpass it.
From my own experience, the price might crash from 69K or 70K but it can be temporary and then go higher, then it might even crash and will start a significant rise in this winter, after halving.
It's very risky to do anything, I wouldn't risk with a lot of money.

Just like what @Sim_card said, there's no way we can tell  when will the correcting is coming but I'm pretty sure that it will test out its previous ATH and after that it might break a little while and that's the waiting game you are talking about along past the ATH I think there will be a correction and that's the best way to invest though we can't really tell whether it's just a minor dump or that was the correction.

What I'm currently doing is I know that it's getting high and we are in the uptrend, whenever there's a minor dump or correction I bought it (but not all) and I do that again and again, that's the best thing you can do so far rather than wait for the unknown correction and buy at one time.

OP, nobody knows when the next correction in price will be. This is because no one can predict accurately the price of bitcoin because of her high volatile nature. I will advice you not to wait for the dip, because it might never come. As you can see we are expecting the halving next month, and the way bitcoin price have been pumping recently, makes it difficult for anyone to know what will happen next. If you have the money, it is better that you buy now, instead of waiting for when the price will dip, because you might end up missing out. Don't be the type of people who are waiting for bitcoin price to come to the price that they want before they will start buying, so that you don't sit on the fence watching investors on the bull run, smiling and taking profit. You can use 10% of your income to buy bitcoin regularly through DCA, either weekly or monthly. Also don't forget not to use the money for important purpose to buy bitcoin, because you will end up selling, even when the price dips below your entry point.

Hi all!

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of buying the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

Thank you and have a good day