Everything can happen to Bitcoin now. The price hit the new ATH while now the price still at $94k so we see the price still goes down. But that doesn't mean the price will still goes down as no one will not know what will happen to Bitcoin. We can only prepare for anything that can happen and use the current situation for our benefit.
Some people say the price can goes down to $85k or lower than that. So when the price is really down to that price, that will be a big discount for us because we can buy Bitcoin at a low price. We may difficult to see that price in the future so we should use that moment for our benefit. We don't have listen to others that say bad things about Bitcoin because they really don't know for sure.
Topic: Is the Bitcoin market correction over Yet (Read 67 times)
Let me know your input on this.
I don't have any predictions because my target is 2025 so short term fluctuations are not that important. But I guess no one wants bitcoin price to correct anymore because people have held long enough and now they just want the price to go up to take profits. So it would not be surprising if the majority of people predict that the correction is over and Bitcoin will continue to rise from now on.
But to be fair, no one knows what will happen because the future is unpredictable, and there is also nothing to worry about even if bitcoin price corrects further because we are in a bull season. Bitcoin will also recover quickly if a strong correction occurs.
maybe will end by the new year.
but we must remember bitcoin was channeling around $49k to $65k, you'd expect a decrease from $107k to $93k to be completely normal, it's BTC we're talking about, a volatile asset but overall has linear growth.
but imagine if something like previous descending channel breakout happens again we might see $130k, this retracement or correction is part of the game, like it or not BTC can't just go up forever.
there will be a distribution phase where people take profit and we'll see whether this will be an accumulation phase that's followed by breakout for new ATH, time will tell.
but we must remember bitcoin was channeling around $49k to $65k, you'd expect a decrease from $107k to $93k to be completely normal, it's BTC we're talking about, a volatile asset but overall has linear growth.
but imagine if something like previous descending channel breakout happens again we might see $130k, this retracement or correction is part of the game, like it or not BTC can't just go up forever.
there will be a distribution phase where people take profit and we'll see whether this will be an accumulation phase that's followed by breakout for new ATH, time will tell.
The question is:
Have we gone above all possible corrections and are ready for the next bull season?
I am not sure we are above all possible corrections it may dip more to maybe below $93k to $90k and may never fall below $90k or might be that it may never fall below $94k since Eveything still remain speculation. Have we gone above all possible corrections and are ready for the next bull season?
Do we expect more crashes in the market possibility of going below 90k before we call the corrections an end?
Let me know your input on this.
I don't think so. The least I expect bitcoin to crash is within the level of $90k but not below. So that from hence it will pick up to regain back $100k and above but it may not reach the ATH this last quarter of the Year, maybe the fist quarter of 2025 but if it get back to ATH this remaining days of the year then chears. Let me know your input on this.
In the last one week ago, I never thought that Bitcoin would correct back to below $95,000 again in this year 2025, in fact I never expected to see Bitcoin touching the 90k-99k region again for the first half of the year 2025 because of the level of the market movement in the last one month Plus now, but this is Bitcoin market and anything can happen and here we are right now with Bitcoin battling to regain a 100k benchmark diving between $94400- 97k+ for the last 24 hours high and low.
The question is:
Have we gone above all possible corrections and are ready for the next bull season?
Do we expect more crashes in the market possibility of going below 90k before we call the corrections an end?
Let me know your input on this.
The question is:
Have we gone above all possible corrections and are ready for the next bull season?
Do we expect more crashes in the market possibility of going below 90k before we call the corrections an end?
Let me know your input on this.
Its hard to conclude that way since there's still possibilities that we can experience more dump and it goes down to $90k or even more. But that doesn't mean people should get panic in that situation since for sure that if they provably might lose their Bitcoins if they act that way. Instead more better for people to accumulate since price dumping is somehow good opportunity for people to accumulate. people should not get afraid on Bitcoin price correction since this is usual sightings we could see for Bitcoin this is why we better take advantage on those situation rather than get afraid and do nothing since for sure some people would regret those decision for not buying some when Bitcoin is experiencing a dump.
Not close to over yet, it needs to meet the 50 day average and then develop positively from there. So far it was just a brief encounter but it does not seem like a turnaround would be so brief as that. These prices are the November start peak prices, it has to meet that area that first began this latest positive trend and satisfy all sellers while developing support to go forward progressively.
Time is the main thing, just remaining in this area is quite positive but it might not move upwards just yet. More volume comes over time and eventually it will develop up but thats more of a task then might be expected from BTC previously moving upwards so fast.
Time is the main thing, just remaining in this area is quite positive but it might not move upwards just yet. More volume comes over time and eventually it will develop up but thats more of a task then might be expected from BTC previously moving upwards so fast.
The correction might be over any time soon I believe however my prediction shows that bitcoin is only going to fluctuate within this range of 92k to 100kish but never to break a new ATH this year. There can be bais because it's just a mere speculation but I really have a little bit of trust in this prediction.
Seriously only few investors actually expected bitcoin to correct down to this level because they got carried way with the euphoria of the increasing price but some investors or mostly old investors were definitely waiting for this because it is a routine by bitcoin to usually come down and clear the liquidities or inducement there after an impulsive movement. For me I was expecting this to happen way before we can continue the upward movement and my reason was because of the out flows I was seeing from dormant wallets and their was more less a chance that it was for taking profit after the $100k price was achieved.
My prediction is we might see the price test the $92k support again after getting their and bounce off immediately, we should be ranging in this region for now before the next round of upward movement will commence, but if the world economy gets any negative news again then we can expect the price to test supports like the one at $90k and $85k if the news is a negative one and then the pump will continue back again
My prediction is we might see the price test the $92k support again after getting their and bounce off immediately, we should be ranging in this region for now before the next round of upward movement will commence, but if the world economy gets any negative news again then we can expect the price to test supports like the one at $90k and $85k if the news is a negative one and then the pump will continue back again
I think the correction isn't over and should last maybe till the end of the this week or early next year.
The only reason I can see Bitcoin having such fall below such amount is if there's no news or it's a negative result in result to the implementation of the BSR policy.
Closing below $100K this week, set precedence for lower end
So temporary I think the correction is still ongoing.
The only reason I can see Bitcoin having such fall below such amount is if there's no news or it's a negative result in result to the implementation of the BSR policy.
Closing below $100K this week, set precedence for lower end
So temporary I think the correction is still ongoing.
In the last one week ago, I never thought that Bitcoin would correct back to below $95,000 again in this year 2025, in fact I never expected to see Bitcoin touching the 90k-99k region again for the first half of the year 2025 because of the level of the market movement in the last one month Plus now, but this is Bitcoin market and anything can happen and here we are right now with Bitcoin battling to regain a 100k benchmark diving between $94400- 97k+ for the last 24 hours high and low.
The question is:
Have we gone above all possible corrections and are ready for the next bull season?
Do we expect more crashes in the market possibility of going below 90k before we call the corrections an end?
Let me know your input on this.
The question is:
Have we gone above all possible corrections and are ready for the next bull season?
Do we expect more crashes in the market possibility of going below 90k before we call the corrections an end?
Let me know your input on this.
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