Topic: Correction is possible in bitcoin price? After 40,000$ (Read 484 times)

At the end this boils down to be ready to whatever the market can throw at you, because despite our best efforts we have no way to know what is exactly going to do, fortunately for those that are long term holders or those that are using a DCA strategy the short movements of the market are not significant enough for them to take action and the only ones that have to worry are the traders that are trying to maximize their profits as much as possible.

We shouldn't be expecting the price of Bitcoin to drop after just starting to rise due to the price was very low for a long time. We should be expecting more pump in the price and Bitcoin rising to $45,000. I think we'll end the year at that price range then continue from next year to rise more due to it been the halving year. Corrections can happen any time as the market is very volatile so we can't rule that out of the picture too but we'll rise more instead of dumping.

The price of Bitcoin is above $41,000 and things aren't looking too bad for the market, altcoins are dumping because of the little correction that happens to the price of Bitcoin but Bitcoin itself is holding strong and we might have had a support level between $39,000 and $40,000. If the price stays above $40,000 for the rest of the year then we can be expecting the prices to be more than $50,000 before Bitcoin halves comes to full effect.

As opposed to current year 2023, and the coming ear 2024? You think there is actually a time when there is less altcoin projects?

If you're saying more altcoins emerge during the bull run, it's actually not true. The MOST time when new altcoins are born is during quiet bear period. The coins that emerge during bullrun? That's called a shitcoin/scamcoin bro.

Little depreciation is necessary for correction of price so if bitcoin price down from 44k$ to 41k$ then this is not a big issue because as it can pump from 26k$ towards 44k$ then it means that market value is going to be surge very soon. In crypto market possibility of everything exists therefore one should not be scared of different movements of market price.

There are still eighteen days remaining in December so maybe again it show elevated worth and cross the value of 45k$. Everyone is preparing for next year as everyone is familiar with the reality that coming Bull run will begin due to the halving in the month of April 2024.

With how ETF approval news has made the market very bullish, plus the upcoming bitcoin halving, I guess its hard to expect for a correction these days. Most probably majority of the coins will move upward, and bitcoin will surely lead the rise. That's how I see the market will be in the next couple of days.

However, bitcoin's volatility cannot be prevented nor controlled. There might still be an incoming correction but we don't know when it will hit bitcoin and the market, it might be before ETF approval or after the event.

In 2025, we will witnessed the existence of more altcoin projects and Bitcoin chances of shooting to the moon still exists. Correction is triggered in bitcoin charts each time it makes heavy dump or strong bull run. There's more years ahead, we will be witnessing a top time in the system, we have to prepare ourselves for what's coming our way and ensure we utilized our opportunities of generating profits for ourselves. Bitcoin initial targets was to make a bullrun up to a $100k in the bull season but unfortunately, the market reversed and we watch how the system play out and liquidated most of our trading accounts.

iam belive bitcoin price still rise and uptrend, besause next year is halving
so bitcoin price rise to 50k dollar is easy, halving or after halving one year later 2024 or 2025 maybe bitcoin price can reach 100k dollar

We can still hit that target price before the year end specially if we are able to survive on this correction. We might see $40k though but let’s not hope for this and let’s be more bullish as we are going to few more weeks before the year end. Bitcoin is still doing great with a great volume too, this kind of correction is already expected, don’t panic and just know when to buy and grab that opportunity before its too late.

I don't think that the price of bitcoin will increase and fall this time around, if bitcoin should fall I think that the price will fall a little because we are expecting to enter into massive bullrun come 2024 so any difference you find in a bitcoin right now is a retracing of bitcoin, because I know quite well that bitcoin price doesn't remain constant or consistent in price it always fluctuates in order to balance the circle, what determine the increment of bitcoin is the supply and the demand, I think this two days the price of bitcoin drops what might caused is the demands has drop and the supply is higher the demands.

We have a short and quick pull back and that's why everything is still possible even if we hit the $40k mark.

Just like me, corrections are essential for the market for us to see that there's going to be a bigger high in the upcoming months. Bitcoin is certainly the main attraction of it but we have seen how resilient it is and that's one factor that many of us like for Bitcoin. Regardless of how many % it will pull, the recovery is greater than it.

Correction is part of the market and obviously part of bitcoin. The volatility of bitcoin makes it more visible with price correction and so everyone is still expecting it to happen despite of the continues price surging. But I don't see passing below $30k, instead probably we will see below $35k and then it returns to be bullish again. But still, that remains a prediction that is still not precise and accurate.

But I totally believe that we will experience market correction in the next few days and bitcoin will be quite affected. But no worries with bitcoin as its price will never stay longer in a bearish price, it will always recover again from every price drop.

No matter how bullish the market is, there will always possibilities that bitcoin price will experience correction, and that has been proven throughout the year. While it's unfortunate for those who have still started to invest, but it would be another market opportunity to let bitcoin investors coming in because of the sudden price decline. So bitcoin price correction also has its own share of advantages.

While it's highly possible, but it's also not going to take for long. The market is filled with exciting events that will happen by next year, so bitcoin price will immediately rise up again for a new ATH to welcome.

I see bounce back up from the 41k Im expecting to see that as supprt zone.

I'm pretty sure there will be a market consolidation we can know this by seeing the graph itself, it has always happened in the past and every trader know that this will happen, but the thing is the market is very unpredictable, and you cannot see where the price would land or soar. Market reversal is most unlikely to happen to the market given the fact that the halving is getting near and we always know how market behaves when halving is taking place in a year.

I'm positive that the market will consolidate for quite some time, them pump until the halving, then a year after the halving the market will slow go down. We've all seen this!

In fact, we could see $50k this month if Bitcoin's trend continues to be positive and Bitcoin is able to stay above the $40k price despite some corrections.

There is a lot of speculation circulating about the price of Bitcoin at the end of 2023, this will be a pretty good price.
And 2024 will be the real bullish start.

Halving is a hope and a 4-year moment that is always awaited, so hold your assets until ATH is reached.

Before the weekend, I think on Friday, I read something about Fidelity spot ETF bitcoin having a meeting with SEC but the detail of the meeting wasn't revealed and that is sceptical to keep mum about the progress of bitcoin spot ETF, and then the weekend bitcoin dump, even yesterday been a new weekend Bitcoin dump a little bit and that makes me think there is something fishy that SEC and bitcoin ETF bitcoin spot applications are doing that the public is not aware for now. However, I am waiting to see what will happen comes January as many people expected the bitcoin ETF spots should be approved, even if not all they will certainly approved some.

I also have a fear of the rejection because SEC has an influence on the Bitcoin market and billions will flow into ETFs if they should make approve these ETFs and in addition bull run is around the corner, if they approve this application I think Bitcoin is going to have an insane bull run and I believe they wouldn't want to be involved in bitcoin price shoot up, they don't want to be involve in why people buy bitcoin, I know SEC very well and that is why I fear of this rejection might happen.

Price correction might not happen now perhaps maybe 2 months to halving that some people will sell, many investors wouldn't wait for bitcoin halving to approach before they sell, they are smart and they wouldn't wait for that day before they sell, so I expect to see a correction by then but I don't it will happen now because bulls don't want to lose this opportunity until they have what they came for this season of bull run.

I can't say anything on the price movement of bitcoin but the fact remains that bitcoin price is still doing well and this little correction that happened is not a surprise. This is because the price has being shooting up and a correction is needed for it to be able to go above 44k price which was the highest price of bitcoin in this circle. So I wouldn't say that we should expect a big dip in bitcoin price. We might see $37k but I am expecting bitcoin price to reach 45k and above by the end of this month/year.

The price surge happen its because people think that there are more coming but unfortunately maybe there are some people cashing out there profit that's why there's correction happen. There are still few days left for December still there's a chance that bitcoin will still pump up to $50k if you mean if this price still possible to reach. Also there's no always price up for any coin including bitcoin and current situation shows that to much expecting on something could leave them to massive lose if they are those type of person which can be easily get panic on certain condition including market correction.


For me there's no reason to get panic as still its good to hold if you have some and accumulate if you have no balance left since we are not yet experiencing the halving effect so most provably price would recover and maybe we can see more larger price than this in coming next year.

Corrections following sharp price rises are very common in the crypto environment. What happens here is that large sums of longs are liquidated, thereby removing "trading competition" from the market, as these people then lack the necessary money to quickly recover from the loss. Of course, this also happens in the stock market, but in a much more subtle way, as otherwise the market regulator would immediately intervene.

You can read about the effects of this here, for example: https://decrypt.co/209259/330-million-in-crypto-longs-liquidated-as-bitcoin-tumbles-below-43000

The closer this year will end, the higher we see bitcoin price surging that made me think that any market correction might not be happening this year anymore. But we all know this remains an illusion because we know from the start that bitcoin moves its price mysteriously. So I still have this feeling that any time, bitcoin might experience another price correction and we know its unstoppable.

But is there any reason to be mad or resort into panicking? Of course, there's none. No matter how deep the price drops, bitcoin will always comes up recovering again. So let's just enjoy the opportunity if ever it happens, at least we can add more cheap bitcoins into our portfolio.