Topic: Correction is possible in bitcoin price? After 40,000$ - page 2. (Read 437 times)

Yes, nothing is certain in trading. For this reason, we must always be prepared for what will happen. We are in a bullish state but we also have to admit that the market has experienced corrections many times and some declines often take us by surprise.
But if we are always ready, it will not affect us, and we can remain calm when facing whatever happens. If traders want to avoid experiencing losses, they can exit the market first until the situation is not volatile, even though it is unlikely that the market will calm down.
The drop from $44k to $41k may have surprised many people as they did not expect such a deep drop.
We have seen bears coming into the market and causing the market to experience a deep decline. But that's only temporary because now there seems to be strength and encouragement for the price to rise again. From $41,500, it is now at $41,700.
Hopefully, there will be a reversal and bring the price back to $42 or higher.
Even though the market will experience bearish conditions again, the price of bitcoin will reach $50,000, even though we don't know when that will happen. We should keep holding onto Bitcoin tightly and only sell it if our target price has been reached.

just yesterday we've got some correction suddenly out of nowhere without any proper reasoning at all and thats perfectly normal occurrence in the cryptocurrency market and thats what i mean by every bullrun will have some reversal.
in the bullrun its not just gonna go directly into the all time high there's most certainly always gonna be some pull back that gonna be occurring along the way and we should be prepared for that if we do trading for short term but its kinda different if we are investing for long term because honestly if we have a good entry we could simply just ignore all these corrections along the way and wait for the target after all these correction are most definitely not gonna be making the coin we invested touching the all time low anyway otherwise it will be. bearish.
anyone that have traded enough in cryptocurrency will definitely know that such reversal is always happening after some good rally and most of them already prepared for such thing, some might just outright ignoring it because they all know things are fine and the price will recover, some will take advantage of it for the sake of the margin.

We're actually in a correction period right now and we just do not know when will it be stopping. Maybe one factor is that lots of them are cashing out in preparation for their respective Xmas parties, buying gifts, etc. This is mostly likely happening in the Holiday season once we are experiencing uptrend in the market.

As of this time, we're currently standing at $40,600+ after reaching at least $44,200+ which I assume it's the current resistance level being defended that the bulls finding it hard to penetrate as of this time.

I was really hoping about BTC going as much as $45k before the end of the week which it failed. I can see that if the bulls can hold on with the projected $40k support level for a long while, this would lead to another round of bull run before the much-anticipated BTC halving.

And we are watching that correction happen right now, bitcoin failed to break up the 44k resistance level three times and now we are seeing the price reaching the 41k level, can bitcoin hold the 40k support level? This is an interesting question and I think the answer is yes, as I do not really expect this correction to be that significant, however if it is accompanied by a negative news then this could give the bears enough strength to keep pushing the price down for a time.

that's true and perhaps what is difficult to determine a position is when the price becomes stagnant after the pump occurs. some people may still be targeting higher prices, but some don't want to take the risk when prices eventually decline.
some time ago, we saw how Bitcoin was quite stable around the price of $30k, and that happened for quite a long time in fluctuating price movements, but not in a large price vulnerability.
perhaps the situation will occur at this current moment. now it continues to decline and may stop at a certain price which may last for a certain time.

We can't predict the numbers and at which price will the price reverse but what we can certainly tell is that after a pump in the price there is a period of consolidation or a reversal.
So as we know that bitcoin price has been pumping in the last few weeks, we can say that the price will enter a consolidation zone or might reverse.
Price cannot keep going in a single direction. Bitcoin price will reverse but we cannot surely say whether the price will reverse now or upon reaching $50k.

You now sounded too certain, but in my trading experience, nothing is certain in the market no matter how sure the view is to you. Fine, we are in the obvious bullish season and everyone can catch a glimpse of it and earn their money easily. But do not forget that the market can't be moving up with a smooth slope just like that without some time to branch for some corrective purposes. This is why at this point I advise traders to exercise caution if they do not want to lose, or at least get their profit reduced. This is because I had been expecting the bearish retracement since last week. Bitcoin tried to retrace last week but it seems that the FOMO spirit is still prevailing which was what affected it.

But this time, the weekly chart's candlestick is bearish just like I warned last week, there is the possibility that we see a bearish week this time. You can also see what happened in the wake of the week, more might happen going forward, so we should not be so sure of the bullish trend without being cautious of the downward possibility too. And even as sure as you might think that $50,000 would be hit, in which the trend even agrees with you, the market might eventually fail, especially if this prospective bearish movement which would serve as a viable correction lasts longer than expected. This would be evident if Bitcoin does not find a means to move higher due to the lack of positive headlines that would catalyze it.

I'm sure the price will continue to rise towards $50,000. But before that happens, there will definitely be lots of corrections, whether deep corrections or small corrections.
Hopefully, the correction that will occur is a small correction, meaning the price will not fall back to $30,000 but will remain in the range of $43,000-$44,000.
And now, a correction has occurred and made the price of bitcoin fall to around $43.7xx. I think this is only temporary and hopefully only for a while.
But in the long term, the price will continue to rise until it reaches $50,000.
If you want to increase the number of bitcoins, you can buy them now and later. Just prepare the money to buy and determine the target price.

This is a cryptocurrency market and, accordingly, everything is possible here, even the impossible. So, even if you are sure that Bitcoin will reach the price of 50 thousand dollars, do not forget to set a stop loss, which will help you reduce losses if the price moves contrary to your expectations.

Both are possible, but if I were to guess, I am quite optimistic to see bitcoin price soaring high in the next days. And with its possible price drop, it will always happen but no one knows when its going to start taking place. But I don't see minding for bitcoin price to see dropping again, in fact it will be a good opportunity to buy more Bitcoin while having it's price decline. After that, we will witness again bitcoin price to skyrocket once again.

However, with the ETF approval news and bitcoin halving becoming near, I don't see any reason for bitcoin price to drop but with its high volatility, certainly it will eventually happen again.

So many persons anticipated that Bitcoin will drop immediately it touches $40k , but currently Bitcoin has exceeded $40k for many days and it has not dropped. This is a sign that Bitcoin is unpredictable. However, Many experts predicted that Bitcoin will not exceed $45k this year. This prediction seems accurate because in few weeks time, this year will end. Although, with a little positive fundamental, Bitcoin can rise to $50k and also in same manner with a negative fundamental, it can drop below $40k.

The law is always thus; whatever goes up must surely come down. Therefore, since Bitcoin has been on the positive lane, we should also anticipate a negative lane. So, it is possible that Bitcoin may fall below $40k amidst the bull run trend.

It is very difficult to make a clear prediction in the short term, especially in today's market conditions. Although the Bitcoin price hasn’t made a serious correction, it isn’t possible to predict whether a correction movement will occur from its current price levels.

When we consider the reasons such as an increase in the number of new investors every day, the market moving optimistically and many people believing that the bull period has begun, it can be easily said that the price will continue to move upwards. Of course, with the arrival of positive news about ETF news, this price movement will occur much faster and harsher. Of course, it shouldn’t be forgotten that, on the contrary, a possible negative news may cause a movement in the opposite direction.

To put it briefly and simply, it is unfortunately very difficult to predict in which price range the mentioned correction movement will occur, given the potential for price changes to move sharply unidirectionally in today's market conditions.

Bitcoin has been growing for the eighth week in a row, and it is clear that a correction will be inevitable, but if we are already in a bull market, then this correction may be local, after which growth will continue. It seems to me that before the start of a big growth there should be a big correction, I am of the opinion that the growth that we are now seeing began early and those who believe in further growth may suffer losses if a correction follows.

The market situation will likely remain stable like this as long as there is no bad news attacking Bitcoin. We all know that Bitcoin prices usually fall when there is bad news, but at the end of this year, as usual, the price will rise, and after the new year, the price will fall again. and make very deep corrections, but don't worry because it will definitely go up again because cryptocurrency price movements will only go up and down, and no one can accurately predict where the price will go in the future.

Well, we've been at $40k ++ for a few days and quite stabilizing right now. We can hope that there is no correction anymore but can't hold the market's volatility as it drops (or it pumps more) for some inevitable reason. However, I don't expect a significant drop to happen but just a short correction which also normally occurs.

I don't see that ETF has contributed to the current situation but what I believe has an impact on the market these days is due to halving which is coming near.

I still think that a lot depends on its price, namely the purpose of the whales, I constantly see that it is they who are pumping it up according to the price tag, I think this time they will pump it up to a price tag of 50+. Of course, we’ll wait and see, but I think that the price tag will definitely rise above this price.

You are saying right that the bitcoin price is pumping from $25K and its pumping continuously because of the fomo of ETF approval. Now, the price of bitcoin is moving around $44,000. Now, bitcoin is in over bought zone in the day candle. It will soon dump below 40,000$. So, wait for the right time to take another entry. Now, just book the profit from your previous trade.

A correction will come sooner or later. It has happened after every major rally. The question is for how much longer can Bitcoin keep pumping? Traders are up massively and could decide they want to take profits. Some will start converting their BTC to stablecoins and alts. All of this could have an effect and cool down Bitcoin's momentum. Whatever happens, Bitcoin will still close out the year with some nice gains having increased over $25k so far.

Now that the price had broke 40k level (almost 42k) at the moment, then tons had been anticipating or really that expecting for some correction or pullbacks on which i could say that it is really just that healthy.

We cant really have a market to have that uprising movement forever, some might have taken their profits but if we do look up into the current price it do really be able to tank up
on which means that this current price or 40k level might be the strong support and we might be seeing 50k EOY but well everythingis really that still an assumption as always
but it is really that good to look up on where Bitcoin is really going or on whats the current price that we are seeing.

Expect for corrections on which this is really that something which is really very normal. So it would be better that we should really know on when to take
profits not unless if you are really that going for long term.

Everyone want surge in bitcoin price but nobody knows that will there be an increases in price or it will decrease because if a price suddenly goes from 38k$ to 42k$ then there will be also be a fear that price will go down and people will also think that price will go more up because halving is near. Therefore we cannot predict price of bitcoin but if drop for some time happens then we should not be worried about our money as there will be a time when again price hit the value of more than 50k$.

There is a possibility that it will reach to 50k$ this year because as in few days it reaches to the value of 42k$ so in a month it can also touch 50k$ but this is all about prediction and market is not known by anyone as it is not stable and is decentralized. Shortly we will see 45k$ and as we have seen this recent pump so confidence of holders  is more well built.