Topic: Big BTC price correction incoming???? - page 2. (Read 567 times)

See the 2017 chart.

Tell me what you see. What goes up, must come down.

If I were you I would have been booked the profit by now but I won't impose my thoughts on you as I saw previous bearish period that was quite a long period so on the basis of my experience I won't be greedy this time as previous high was 20000$ now Btc hits almost double from the last ATH. But nobody can tell you exactly where BTC will stop as we are seen Btc is continuously rising and you are right there might be a big correction on the way so one must be very careful now.

As serious as it looks, no one can tell you when the correction will take place and how big it will be. Before Bitcoin got to its price now, it dumped many times, people thought it was correction taking place but it was not, rather it only kept going up, in fact I would say Bitcoin has broken a lot of predictions set for it, therefore showing that the funds coming into Bitcoin is from big investors, big platforms etc, and at this juncture one need to play safe. There is a prediction that it wil get to $50k but no one knows if it will be achieved or not, hence if you are in profit and a short term holder know when to sell, if you are a long term holder you might want to stop bothering about the market as Bitcoin is the best to hold.

bitcoin is unregulated. Its not like stocks that is controlled by governments and institutions.

Based on that fact, you can't say that a correction is incoming. It can go all the way to 100k without any corrections.

Looking at the chart of Bitcoin right now, there's no indication of a big correction by looking at 1m time up to 1HR time RSI. But when we are going to look at the 4HR time and longer, it already state an overbought indication and it implies that the Bitcoin market might fall anytime soon. When the correction happens, people will not really anticipate to short or sell their Bitcoins, thus, they might think of it as an opportunity to acquire more Bitcoins in hoping that it could increase further. But we don't have any assurance of what will happen exactly to the market. What is important for us to think is that, every good price increase, there's always a possibility of a big drop, so its better for us to stay alert to avoid our profits getting lost by the market decline.

I guess bitcoin price correction is already coming because I see that the price is down to the $38k yesterday. But now, the price can start to increase, and it seems, the price can increase more to break $39k. Hopefully in this weekend, the price can back to $40k and still increase to break $41k. The $41k will be the next target for bitcoin price, and if that can be break, the price will rise more. We will make another big profit this year, so it is better to prepare your bitcoin before the price start to rise.

No one is sure whether the ongoing market drop is a correction or it is just a turn around. Based on my prediction this time the market will fluctuate within $35000 - $40000. However I expect the price of bitcoin to grow gradually marking its ath without any deep drop.

no one knows the same until when the positive market ends, I even now bitcoin penetrated $40k lately, I am sure bitcoin will continue to rise until the end of January, and the following month will be followed by another coin increase.

Nobody can really predicted it but we have a speculations what will gonna be in the next few days  for bitcoin to have a another breakthrough or a price corrections coming. Nonetheless, anyone can take a profit now for people who hold last year and take again the risk to buy at lower price for another bull run seasons to come.

I think it already happened and waiting for the next momentum which could probably be more than 40k, BTC has purely dominated the market so far and it will keep going. So big whales and millionares played an important role this time especially Elon musk and now he's the world's richest person.

Corrections are opportunity to buying in opinion so do not worry and panic sell when BTC is trying for a new ATH again, just wait patiently.

That is true, with numbers of companies using BTC as hedge funds a lot of companies had started getting into crypto which helped increase the price push to it's ATH. The whole scenario is different from the recent bull market. However, there is no way to tell how long can this keep up, the higher the price rises the harder the price could fall.

bitcoin cannot be issued. Bitcoin's biggest advantage is the lack of state or political opinion

What im curious is why noone posting their lambo in twitter or instagram

Well it was 3 days ago that we had a big correction where price went from $34,800 down to $27,700 which is actually why the price kept on rising in a healthy momentum to break the next resistance at $40k. There was also another correction right after the resistance was broken and price came back down to $36,600.

It seems to me that you are already missing all the corrections that are happening all around you

Therefore no one knows if bitcoin goes up or down, but in my opinion if bitcoin goes down it won't be too drastic, for example when it touches $ 40k and if it goes down it won't touch $ 30k, because of the trust of big investors.

Nobody could give you the right answer and most of the answer that you would get are based on their own prediction so why not predict it on your own?
We couldn't know who would get the right or closest answer to the question and you are not alone for waiting on the next correction.
There are so many investor that are waiting for the correction too so they could enter at a lower price compare to the price that we have while it is flying high.

I am excited about the price as the day comes and goes in this year 2021, many people are now buying Bitcoin, I tutored someone how to buy Bitcoin the other day and she was will it double tomorrow, this is -newbie- mentality right now they are seeing the news, and with Musk the richest man in the world -forgetting Tesla helped him get to that position- so I think there would be correction, and if we help -newbie- purchase Bitcoin let's tell them about such corrections that can happen, so their excitement won't be broken if it happens.

It's anyone's guess at this point.

A week ago, many people are calling correction @ $35000. It was easily breached and we managed to attain $40k. The numbers kept on being adjusted for the correction target price in accordance with the price rise. Bitcoin's price only drops a little then resumes back on track to take new targets. It seems like the momentum is never lost to begin with, that's why it's very difficult to call crash whenever a slight decline on the price happens.

I'm pretty sure it will happen, though the main question is at what price range. It could be well over $50k before some drastic shift happens at the momentum but at this point, it just goes north from here.

While everyone is enjoying the new ATH as of the moment, let us not forget that possible corrections may be occur. If your question is "When"? It can't be answer.

But probably if you are aware of fundamental analysis and updated with the big news that may possibly be the reason for the future dump, you may be ready for the correction.

Or, having a back up plan to your btc investment like sellingit in a set price or having a target price is more convenient than just being greedy and wait for another pump.

If I tell you it's gonna happen in 56 hours and 23 min ... would you believe me ?? or anyone else for that matter ??
I'm honestly not sure what kind of answer you are expecting to get when asking a question like that to begin with.

Best I can tell you is to look at the charts, look at volumes, look at how much was bought when... Like many other point out, this bull run doesn't seem to be driven by small fish like me or you... when you have trading that is happening at close to 40k AND with this kind of volume, then it's telling you that's not an average Joe working 8 - 16 investing 500 or 1k USD... could be that average Joe is feeling a bit of FOMO so there is some individual investment but this is money strong people who are driving this price up and they are buying up all BTC they can get their hands on...

I got sucked down after marked crash in 2017, I never got to sell out, not even 1$ ... so I pulled my assets and stored them on cold storage... that's where they still are, was thinking to sell some of it when price climbed to 20k then 23k then 25k, then 30k, then when it was at 33k and it crashed to 28k I was like crap, that was my big chance... but guess what, it's now at 40k and I've come to conclusion, if you can accumulate, then do just that, trying to catch waves of ups and down... IT's Freakn hard... and especially in BTC Market where prices are as volatile as they are... If I sold at 20k or 23k how I initially intended... All I could do now was to sit on a side line and watch this happen and I couldn't do crap about it...

So I'm gonna hodl !! If I can get my hands on more BTC, I will try to do just that, otherwise just HODL! pro players are now in this market so this is nothing like 2017...