How far can bitcoin price correction go?

EdenHazard

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Quote from: Renampun on February 05, 2022, 08:57:22 AM

Quote from: Epaper on February 05, 2022, 08:28:30 AM

At the beginning of February this bitcoin price began to climb. bitcoin price has gone up 10% and is trading again at $41k price level. It looks like the bear market is over and we have entered the bull market again. Well, if the current bull run continues we will most likely see another new ATH this year.

Bitcoin won't cross $30k. btw, we are not completely in a bull market, currently the market is sideway...

this year we will definitely see a new bitcoin ATH again, apart from the rumors that I heard, there will be some countries that make bitcoin a legal tender in their country, this is another great year, Bitcoin will definitely make a new history again this year.

Yupp , we are not back in the bullish way yet , a small pump could be a trap for a deeper and deeper correction , it's good indeed to see the price spike from 33k to 41k now but it's still doesnt guarantee us for bitcoin to stay above 30k or so , i would say ... the next drop might cost us more than just 30%! 45k up and then dropped down to below 29k , anticipate that or you might get lost.

For now let's wait and see especially if you bought some at 35k or so , nice ride still.

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Quote from: Epaper on February 05, 2022, 08:28:30 AM

At the beginning of February this bitcoin price began to climb. bitcoin price has gone up 10% and is trading again at $41k price level. It looks like the bear market is over and we have entered the bull market again. Well, if the current bull run continues we will most likely see another new ATH this year.

Bitcoin won't cross $30k. btw, we are not completely in a bull market, currently the market is sideway...

this year we will definitely see a new bitcoin ATH again, apart from the rumors that I heard, there will be some countries that make bitcoin a legal tender in their country, this is another great year, Bitcoin will definitely make a new history again this year.

Epaper

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Quote from: Maslate on February 01, 2022, 10:25:14 AM

Quote from: Epaper on February 01, 2022, 06:37:56 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move.

We have a good start of this month (February), however, it's only a minor bounce, let's see if that will continue and bitcoin will eventually be trading at $40k and over again. It's been bearish this month so far, our expectation of $100k seems not going to happen soon, it has to flip the current situation in order for us to see a new ATH again.

At the beginning of February this bitcoin price began to climb. bitcoin price has gone up 10% and is trading again at $41k price level. It looks like the bear market is over and we have entered the bull market again. Well, if the current bull run continues we will most likely see another new ATH this year.

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Quote from: Epaper on February 01, 2022, 06:37:56 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move.

We have a good start of this month (February), however, it's only a minor bounce, let's see if that will continue and bitcoin will eventually be trading at $40k and over again. It's been bearish this month so far, our expectation of $100k seems not going to happen soon, it has to flip the current situation in order for us to see a new ATH again.

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Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move.

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Quote from: Rasa nanas on January 06, 2022, 09:48:53 AM

So what does the pandemic that will end soon have to do with the increase in the price of bitcoin in 2022?
even in 2021 the price of bitcoin reached its highest price twice a year even though in 2021 the pandemic is not over yet. I mean the current pandemic doesn't have a big impact on the crypto market and it's proven that in 2021 even though the pandemic is not over yet people's enthusiasm for crypto remains high.
[/quote]
Yes it's true, I agree with your view, in 2021 the pandemic is even worse, but bitcoin reached its new ATH almost 3 times, this means that there is no big relationship between the pandemic and the increase in the price of bitcoin, there is no clear source saying that the pandemic can affect bitcoin, at least 2021 will be a reference in analyzing the state of bitcoin at that time, today the enthusiasm of people in the crypto world is getting bigger and bigger.

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Quote from: jamkesmas on January 01, 2022, 04:55:04 AM

Quote from: carlisle1 on December 24, 2021, 02:01:03 AM

Quote from: rahmatrf331 on December 23, 2021, 07:38:48 AM

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections. Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

So what does the pandemic that will end soon have to do with the increase in the price of bitcoin in 2022?
even in 2021 the price of bitcoin reached its highest price twice a year even though in 2021 the pandemic is not over yet. I mean the current pandemic doesn't have a big impact on the crypto market and it's proven that in 2021 even though the pandemic is not over yet people's enthusiasm for crypto remains high.

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Quote from: jamkesmas on January 01, 2022, 04:55:04 AM

Quote from: carlisle1 on December 24, 2021, 02:01:03 AM

Quote from: rahmatrf331 on December 23, 2021, 07:38:48 AM

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections. Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

Let us take off the pandemic towards Crypto market because this is really not related, imagine for 2 years now Covid19 is in progress, but the market keeps pumping so what does covid got to do with it?

Leave it alone , the market is dumping because of lack of investment and support now.

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Quote from: Maslate on December 29, 2021, 05:39:26 PM

Quote from: mumang siat on December 29, 2021, 05:22:08 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

Bitcoin had another dump today, it's trading below $50k again after it recovered a bit.

This is really a sign that the bull run is already over, and you might be right that correction is going to happen.
Its current price is not anymore attractive for investors as most of the investors will just be interested if they see bitcoin is pumping.
Time for waiting is here again, this might be a long bear market that we have to experience like what we experience in the past.

It also increasingly makes Bitcoin corrected, investors are not interested in trading, so there is no balance between sales and purchases, so that Bitcoin is increasingly unbalanced in the market, especially this condition there is no total guarantee of recovery that occurs during corrections, so that investors Divert trade in other coins, but I am sure in March or April Bitcoin will return on the right track, if the correction can recover the total in February.

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My really quick target is just the September lows, if you are of a more negative persuasion then perhaps look at July lows. However the main condition is to go especially lower we must also fail in an attempts to go higher, the whipsaw cuts most harshly which for a trade is what we are trying to guess on. So for example the new ATH was a price point not held or maintained, it was negative in conclusion. Price action always will cycle back and forth such is the nature of waves, to get a clue on lower or the grand low price we can see the opposing positive action and highs failing to stick. Right now its quiet, thats not enough I think we can still rise from here and its still not that threatening to bulls for now.
Range bound, no definition yet certain is my conclusion to speculative trading. Sounds boring but sometimes its best not to test the ice if you dont yet know, long term I see few negatives reflected especially.

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investors are worried when the bitcoin price goes down but see the price go up again, everyone thinks the market will correct there is always volatility in the crypto market so there is nothing to do but wait patiently. Bitcoin price above 45k looks like it could be above 50k in the near future.

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Quote from: jamkesmas on January 01, 2022, 04:55:04 AM

Quote from: carlisle1 on December 24, 2021, 02:01:03 AM

Quote from: rahmatrf331 on December 23, 2021, 07:38:48 AM

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections. Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

I am sure there will be an increase in Bitcoin in 2022, but not so big as the expectations of many people, the pandemic has affected some crypto, even though it is not so much influence, I see this year Bitcoin will experience a not so much increase, the previous year will be a reference in the year This, at least Bitcoin will experience a small increase after correction occurs, and hopefully this year the market is getting better.

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Quote from: Devifajarina on December 31, 2021, 11:04:53 PM

I think no one will sell Bitcoin in market conditions like this, people will hold a part of the existing bitcoin to be utilized in pumping conditions, the purchase price for one bitcoin is not possible for people to sell at this time, if the short-term investment is Do it, in contrast to people who make long-term investments, which at the time of purchases far from the current price, but most people will hold Bitcoin at the time of the current condition, and I also hope that in 2022 Bitcoin will experience a big pemompa.

I guess most people commenting like you are just part of the majority of speculators and pretend-traders and pretend-holders then. Spewing all kinds of drivel that prove you're not really even with a lot of skin in the game.

Why wouldn't anyone be selling Bitcoin at any time? People holding a part of coin is always the case, regardless of market conditions.

Purchase price for one Bitcoin too dear? $47k right now? Not possible to sell when 2 months ago it was 66k and people were lapping it up?

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Quote from: carlisle1 on December 24, 2021, 02:01:03 AM

Quote from: rahmatrf331 on December 23, 2021, 07:38:48 AM

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections. Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

carlisle1

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Quote from: Maslate on December 29, 2021, 05:39:26 PM

Quote from: mumang siat on December 29, 2021, 05:22:08 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

Bitcoin had another dump today, it's trading below $50k again after it recovered a bit.

This is really a sign that the bull run is already over, and you might be right that correction is going to happen.
Its current price is not anymore attractive for investors as most of the investors will just be interested if they see bitcoin is pumping.
Time for waiting is here again, this might be a long bear market that we have to experience like what we experience in the past.

Investors who believe and support Bitcoin will continuously buy and will never be afraid of correction.

Long-term wise, this current situation might give you a good chance to position your investment and allow things to happen along the way.

We can't tell if how long this market will be bearish, but the hope that it will bounce back is always there.

Never to forget to do deeper research before you take your step. Make sure to have enough patience to hold and wait. Wink

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Quote from: JohnBitCo on December 29, 2021, 01:34:39 AM

Quote from: Japinat on December 29, 2021, 12:27:23 AM

Quote from: Ngemmeng on December 29, 2021, 12:03:59 AM

Quote from: Devifajarina on December 28, 2021, 10:20:39 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

We don't know exactly what would happen but we have our own prediction and we have to stick with it, if we believe that the current downtrend is juts short term or temporary, then we should be seeing the current situation a good opportunity to buy, but if we believe a bear market will stay for awhile, for sure this is not the right time to buy.

In the current circumstances, the bitcoin price should not go below 40,000$. Even if there is a massive sell off in the market, 40-42K will act as a good support. If in any case, we dumped below 40K, it will not be good for the market. Also, i hope that bitcoin will start another pump in the beginning of 2022.

I think no one will sell Bitcoin in market conditions like this, people will hold a part of the existing bitcoin to be utilized in pumping conditions, the purchase price for one bitcoin is not possible for people to sell at this time, if the short-term investment is Do it, in contrast to people who make long-term investments, which at the time of purchases far from the current price, but most people will hold Bitcoin at the time of the current condition, and I also hope that in 2022 Bitcoin will experience a big pemompa.

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Quote from: mumang siat on December 29, 2021, 05:22:08 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

Bitcoin had another dump today, it's trading below $50k again after it recovered a bit.

This is really a sign that the bull run is already over, and you might be right that correction is going to happen.
Its current price is not anymore attractive for investors as most of the investors will just be interested if they see bitcoin is pumping.
Time for waiting is here again, this might be a long bear market that we have to experience like what we experience in the past.

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Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

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Quote from: Ngemmeng on December 29, 2021, 12:03:59 AM

Quote from: Devifajarina on December 28, 2021, 10:20:39 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

It is very difficult to predict Bitcoin prices when market conditions like this, the condition of correction does not recover perfectly, to force Bitcoin to stop in some future, various predicted people appear, that this condition is a recovery of Bitcoin to achieve at the maximum price, but I think This year or early next year, Bitcoin will be difficult to reach at the highest price, if the condition of correction continues to occur against Bitcoin.

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Quote from: Japinat on December 29, 2021, 12:27:23 AM

Quote from: Ngemmeng on December 29, 2021, 12:03:59 AM

Quote from: Devifajarina on December 28, 2021, 10:20:39 AM

Quote from: Joshua Jackson on September 08, 2021, 08:37:41 AM

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

We don't know exactly what would happen but we have our own prediction and we have to stick with it, if we believe that the current downtrend is juts short term or temporary, then we should be seeing the current situation a good opportunity to buy, but if we believe a bear market will stay for awhile, for sure this is not the right time to buy.

In the current circumstances, the bitcoin price should not go below 40,000$. Even if there is a massive sell off in the market, 40-42K will act as a good support. If in any case, we dumped below 40K, it will not be good for the market. Also, i hope that bitcoin will start another pump in the beginning of 2022.

Topic: How far can bitcoin price correction go? (Read 1445 times)