Going up for many days.
Is the market due for a correction?
No one can really tell or predict what will happen to crypto market but whats happening right now is a very good thing after the previous bloodbaths that we experienced during Q1. This is really the trend from the past few years hoping that by the end of the year all the cryptos will increase its value or some alts will even skyrocket for us to get more profit. We just have to enjoy the ride until it lasts and the more greens will come the more new investors that will be delighted to join the ride.
The value of crypto depends on the adoption of the people so the more new hodlers, investors and traders that will join the cryptoworld the higher the crypto values.
Going up for many days.
Is the market due for a correction?
It is highly probable that a correction may occur after this consistent growth that has happened throughout the month, because after a 50% increase some correction would be normal in coming days.
However I do not think it can a significant correction, because there seem to be signs that the bulls are waking up and there is still a lot of room for the price of bitcoin to grow much more, taking into account that the bitcoin price started over $13,000 this year and it is still 25% below that price.
I agree with you on this but we cant really tell when and where it will stop. All we need to do is just monitor and be cautious that anytime this could go into a huge dip or even skyrocket. This volatility of the crypto market is really exciting and fun as well as frustrating to some of the altcoins that didn't perform well during this uptrend.
