Yes, we can't go on parabolic rise, sooner or later, the buyers are going to be exhausted, and so there will be some sell-off, taking profits. And when the price goes down, at least there is a opportunity for some to enter, although the price is still in the 6 digits. But still, there could be investors willing to buy at that price and just continue to HODL till bullish run next year.
So let's see if we can maintain that $100k, as others might think that this is going to be our support line and not the resistance anymore. We still have at least weeks to go before the end of the year, and traditionally, December is a strong month to close the year so let's see if can bounce back from this minor dip.
I will rather take my prediction from what bitcoin has done in the past and the that is the last quarters are bullish so even if there is going to be corrections I will simply say it is not something I expect this month and even if it comes it wouldn’t be that bad. Technically looking at the chart there is a very Strong support at the $100k and personally I see this as the support for now but that doesn’t mean there wouldn’t be fake out to a little support which sits at $98k. If bitcoin does a fake out to that level it will most surely bounce back and move up from there. For me we will still maintain our six figure this month, and then pump more before coming to take out most of the gaps left behind
Correction: there would be dips, not corrections in place.
There will be lots of dips like now, and only a small amount of corrections underway (or just one, but big enough), depending on many factors in place.
