In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.
So does it mean that this current price correction will be more extended? Actually, no one knows exactly how far this correction can go. What we have are just speculations since we are only basing mostly from its history, and anything could happen either based on our own speculation or the opposite way. But let’s not make this a barrier that we can’t make profits this time. Of course, we can still take advantage from the current correction by buying bitcoin and solid altcoins in their low prices. This may be risky as it is as the price could still go lower but as long as our intention is to hold them for long, then price corrections do not matter at all. 
Topic: How far can bitcoin price correction go? - page 5. (Read 1445 times)
In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.
These look like warning signs which can indicate of possible dumps that may be seen in the market as btc is still holding under 60k but not getting over it. I see crypto adoption becoming a big revolution, but while this adoption is taking place, so are the regulations so new investors will also be worried about investing in crypto right now. We will see how everything goes once regulations are in place.
After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.
I think Bitcoin has been on the rise again since early October and has the potential to increase quite significantly over the next few weeks. The price of bitcoin has now returned to the level of $62k. Therefore, I think by the end of this month, BTC will most likely hit $65k and potentially enter the $70k to $75k region in late October or early November.Bitcoin is holding between $60,000 and $62,000 for the next few days. Bitcoin market price is on the verge of calming and investors are looking at other altcoin markets, because altcoins have started to go all the way to the moon and have started the green zone with the highest percent rate.
We are back to the 50 day average now and some fib level support from previous action. It can recover from here now thats occured it may flush some of the selling. The volume was higher on this day then most though which shows it wont be easy to undo exactly.
Big fan of MAs but 200, though have to say am even bigger "fan" of volume so yeah, the numbers behind the dip is of some concern to me. Thought that the weekend and Monday was going to turn this thing on its head but then we're seeing a lot of weakness spill out from Bitcoin into the stronger alts as well (ETH especially) so I won't be surprised if the selling appetite grows this week.
As long as we spend more days above 60 than below til Sunday, we should be all right. Until next week anyway.
Well we haven't dip that low, $60,000 is the max that I've seen so far so we are still good.
But the volume is still so-so to me, either Bitcoin->Altcoin or Bitcoin cashing out is happening. Weekends is still like days though, a lot of things can happen in the next 24 hours, but I'm not expecting any sudden moves, perhaps we might be trading sideways until weekends or some recovery to $61,000 but that's it. And then we start a new week hoping for a good bounce to at least $65,000.
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?
It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.
With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.
That small span back already provides them profits, small but assured gains.
Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world
but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.
anticipating that it could happen from time to time and the possible dip price cant really be known.It could go as far as we dont anticipate and that what gives us some anxiety and hesitance.
This is totally true no one can actually predict on when this to happen so we don't have any idea if this will happen today or even this end quarter of the year, but we can speculate base on what majority thinks since this could add up the trend and might this could start another hype to lift the price of bitcoin. But hopefully we will not see any bad sign these month so that the recovery after the dump happen will continue.
Big fan of MAs but 200, though have to say am even bigger "fan" of volume so yeah, the numbers behind the dip is of some concern to me. Thought that the weekend and Monday was going to turn this thing on its head but then we're seeing a lot of weakness spill out from Bitcoin into the stronger alts as well (ETH especially) so I won't be surprised if the selling appetite grows this week.
As long as we spend more days above 60 than below til Sunday, we should be all right. Until next week anyway.
The leverages being cashed out could be one of the main reasons why it dropped so quickly, when you get liquidated all of the btc is sold of usdt or something else and there were hundreds of thousands of them (not amount of money, literally the amount of orders) so I believe that it was a quick correction and with that being done I believe we are a lot more free for the future. Some people may agree with me or some people my disagree that's all fine, I am not some financial leader and I end up being wrong so many times so I am not really saying this is correct no matter what.As long as we spend more days above 60 than below til Sunday, we should be all right. Until next week anyway.
All I am saying is that there is a good problem to have and there is a bad problem to have and we shouldn't worry about a good problem to have. Crypto in a recovery situation is a good problem and we should be happy about having a small correction because it means we didn't had a crash.
We are back to the 50 day average now and some fib level support from previous action. It can recover from here now thats occured it may flush some of the selling. The volume was higher on this day then most though which shows it wont be easy to undo exactly.
Big fan of MAs but 200, though have to say am even bigger "fan" of volume so yeah, the numbers behind the dip is of some concern to me. Thought that the weekend and Monday was going to turn this thing on its head but then we're seeing a lot of weakness spill out from Bitcoin into the stronger alts as well (ETH especially) so I won't be surprised if the selling appetite grows this week.
As long as we spend more days above 60 than below til Sunday, we should be all right. Until next week anyway.
We are back to the 50 day average now and some fib level support from previous action. It can recover from here now thats occured it may flush some of the selling. The volume was higher on this day then most though which shows it wont be easy to undo exactly.
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?
It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.
With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.
That small span back already provides them profits, small but assured gains.
Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world
but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.
anticipating that it could happen from time to time and the possible dip price cant really be known.It could go as far as we dont anticipate and that what gives us some anxiety and hesitance.
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?
It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.
With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.
That small span back already provides them profits, small but assured gains.
Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world
but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.
I have drawn in some idea for a declining pattern over the last few days or so but I dont believe it has much strength to it and we remain merely range bound around 60k area. If we were to lose 59k it might move further and require confirmation lower but so far sideways is neither negative or positive in indication.
Momentum has us once again above a weekly average and so not effecting any regular decline for the end to this weekly bar. My guess is positive action though its sideways up close
Momentum has us once again above a weekly average and so not effecting any regular decline for the end to this weekly bar. My guess is positive action though its sideways up close
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?
It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.
With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.
That small span back already provides them profits, small but assured gains.
Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world
but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.
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?
It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.
With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.
That small span back already provides them profits, small but assured gains.
Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world
but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.
honestly speaking don't expect a correction anytime soon, whenever the price drops below $60,000 it immediately goes up a lot, which shows that there is great buying interest at levels below $60,000, so a super strong support is forming at the $57000 - $60,000 and I don't believe it will fall below that anytime soon, with this ETF thing people are going crazy thinking about $300,000. forget correction
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 doubt that we would ever go to a level where we reach under 50k. Even on the worst cases right now, I do not see us go under 50k, there is a very good support there and it will probably hold off any falls. Obviously this is crypto, we have seen from 64k to under 30k in a month just recently during May-June period and that means it is not impossible for us to go down even more. However just because something happened once doesn't mean that it will happen again.I hope that we end up with something that is decent and I hope that we will not have to worry about what the bottom could be in worst cases. We could see 70k as much as we could see 50k, and that version is something I rather see.
$70k is quite possible but I don't agree with some people saying $100k, that might it happen possibly next year.
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 doubt that we would ever go to a level where we reach under 50k. Even on the worst cases right now, I do not see us go under 50k, there is a very good support there and it will probably hold off any falls. Obviously this is crypto, we have seen from 64k to under 30k in a month just recently during May-June period and that means it is not impossible for us to go down even more. However just because something happened once doesn't mean that it will happen again.I hope that we end up with something that is decent and I hope that we will not have to worry about what the bottom could be in worst cases. We could see 70k as much as we could see 50k, and that version is something I rather see.
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?
after experiencing a price increase, the correction is not too far, I see it tends to be without significant movement. that's a very good sign in my opinion with the possibility of making a new ATH again in the near future.Speculators believe that we may hit a new ATH again and that price would be 6 digit if the market will allow it or below $100k as what they said before the year end.
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 doubt that we would ever go to a level where we reach under 50k. Even on the worst cases right now, I do not see us go under 50k, there is a very good support there and it will probably hold off any falls. Obviously this is crypto, we have seen from 64k to under 30k in a month just recently during May-June period and that means it is not impossible for us to go down even more. However just because something happened once doesn't mean that it will happen again.I hope that we end up with something that is decent and I hope that we will not have to worry about what the bottom could be in worst cases. We could see 70k as much as we could see 50k, and that version is something I rather see.
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?
It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.
With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.
That small span back already provides them profits, small but assured gains.
Jump to: