Is the Bitcoin market correction over Yet - page 2.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: Odusko on December 22, 2024, 05:05:39 PM

The question is:
Do we expect more crashes in the market possibility of going below 90k before we call the corrections an end?

I draw from previous experiences regarding the crypto market and the current development of Bitcoin prices. In terms of speculation, of course there are various factors for the current development of Bitcoin, maybe some experts have a point in their speculation.

As speculated by a Bitcoin expert.

Quote

As Christmas approaches, the crypto market is filled with anticipation regarding the possibility of a “Santa Rally,” the phenomenon of Bitcoin (BTC) price increases during Christmas week. Historically, Bitcoin has often experienced price spikes in the Bitcoin halving year leading up to Christmas.

From experience, before Christmas crypto users tend to prefer to sell, but when the Christmas phenomenon is over, the price of Bitcoin will experience another rise, which is estimated until next May, according to one expert's speculation, so the current downward correction should indeed occur, but we will see green prices return in the near future.

betswift

copper member

Activity: 280

Merit: 5

Quote from: davis196 on December 23, 2024, 07:00:52 AM

Man, you seem like a newbie. Only Bitcoin/crypto newbies get surprised when the price does down. Bitcoin is highly volatile and it will always remain highly volatile. 10-15% price drops shouldn't be something unusual or surprising. The Federal Reserve didn't cut the interest rates one more time, Trump's budget proposals were rejected by the US Congress. There's big selling pressure on the Bitcoin market. Many traders want to sell at levels around 90K-95K and cash out the profits. I'm sure that the BTC price is going to stay in the 90K-100K USD price range in the next few weeks.

The dips are there to use them.
Cool

I do think that 2025 is the year to see Bitcoin reaching new ATHes, and nothing would stop it from doing so.
The rally is not done yet, so there was no correction. Only dips.

davis196

hero member

Activity: 3192

Merit: 939

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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 2024 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.

Man, you seem like a newbie. Only Bitcoin/crypto newbies get surprised when the price does down. Bitcoin is highly volatile and it will always remain highly volatile. 10-15% price drops shouldn't be something unusual or surprising. The Federal Reserve didn't cut the interest rates one more time, Trump's budget proposals were rejected by the US Congress. There's big selling pressure on the Bitcoin market. Many traders want to sell at levels around 90K-95K and cash out the profits. I'm sure that the BTC price is going to stay in the 90K-100K USD price range in the next few weeks.

Perfectbaby

full member

Activity: 162

Merit: 104

Quote from: Odusko on December 23, 2024, 04:39:20 AM

Quote from: Perfectbaby on December 23, 2024, 03:59:07 AM

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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,

Hey man! Were you feeling drowsy when you were creating this post?
You seems to have been too fast with your year, instead of 2024 you are using 2025 while we are yet to enter that year, even though it's still remaining +-8 days to witnessed next year we shouldn't be that too fast to mention it without being inside already. That is by the way..

Usually if this doesn't happened we would never experienced another level of price action, and of course correction is always important on the market to hit another ATH. On a norm, for we to see ATH the price would dropped to some certain level before it would gain support to create another stronger price, pushing above the price level.

Thanks, man you can't blame me for such excitement to already be in 2025, but for the record, I have corrected the year now and you can check again, well Bitcoin has given us so much excitement this year 2024 and towards the end of this year we are in another trend direction that points to a more positive year ahead, so 2025 is a much anticipated year for all Bitcoin investors who are looking forward to making some remarkable profits from investment. Seeing Bitcoin go below 100k in the last days of 2024 is a big discount opportunity for those who are looking to renter the market after taking profits when the price touched $107k before the current correction.

Of course there is excitement and i don't actually blame you. Anyway sorry for that if you feels so messed up.
Even though it's me i am not above mistakes, so there is no problems mate.
Yes, there are people who actually missed the golden opportunities that could landed them into millions today but they never ceased those chances before the market hit an ATH of 108k before having those sharps drop moving around 92-97k.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: michellee on December 22, 2024, 11:08:36 PM

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.

The sentiments though still looks bearish as we can't get over the $95k, and obviously, it's the resistance for now. And there is also the scheduled Bitcoin future expirations if I'm not mistaken that could contribute to the price declining at the end of the year. For sure most of us wanted to see the price going at least $100k in the last week. This is a psychological barrier, and if we can get over it, then 2025 will be huge to start.

So it's just a week from now and majority could be looking at next year and have plans already. And with that, with Trump's sworn being the next President, January might be the month that we will see that 6 digits, if we can't get it in the next couple of days.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: michellee on December 22, 2024, 11:08:36 PM

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.

Indeed, it is very difficult to predict what will happen next, anything can happen and as investors we should always plan for both scenarios.

One thing I saw was when bitcoin crossed $107k most of the analysis said bitcoin would soon hit $120k by the end of the month. But when the price of bitcoin suddenly dropped below $100k, they made the opposite prediction and believed that bitcoin would drop to $85k. It can be affirmed that no one knows what will happen next, all predictions are just personal expectations of each person, nothing more, nothing less.

For my part, I don't believe we can get back to 85k but I agree with you if it happens we should take advantage of it. Because it is very likely that after this bull run, we will hardly see Bitcoin reach $85k again. So if bitcoin corrects, we should take full advantage of that.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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.

I think it's not over yet, price might still go down, although it seems to have a strong support around $94k-$95k. But who knows about the sentiments as I thought that the negative news about the Feds will subside. But obviously, it did has some effect to us and investors might have hedge their Bitcoin to some altcoins or totally sold their it. Nevertheless, Christmas comes early for those who want to get into the picture as the price is at a discount and instead of fear, they should take advantage of the situation and buy at the price right now. It's not a bear or something, this is just another correction and it last for several days or market going to be on the sideways again.

Odusko

hero member

Activity: 1106

Merit: 526

Leading Crypto Sports Betting & Casino Platform

Quote from: Perfectbaby on December 23, 2024, 03:59:07 AM

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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,

Hey man! Were you feeling drowsy when you were creating this post?
You seems to have been too fast with your year, instead of 2024 you are using 2025 while we are yet to enter that year, even though it's still remaining +-8 days to witnessed next year we shouldn't be that too fast to mention it without being inside already. That is by the way..

Usually if this doesn't happened we would never experienced another level of price action, and of course correction is always important on the market to hit another ATH. On a norm, for we to see ATH the price would dropped to some certain level before it would gain support to create another stronger price, pushing above the price level.

Thanks, man you can't blame me for such excitement to already be in 2025, but for the record, I have corrected the year now and you can check again, well Bitcoin has given us so much excitement this year 2024 and towards the end of this year we are in another trend direction that points to a more positive year ahead, so 2025 is a much anticipated year for all Bitcoin investors who are looking forward to making some remarkable profits from investment. Seeing Bitcoin go below 100k in the last days of 2024 is a big discount opportunity for those who are looking to renter the market after taking profits when the price touched $107k before the current correction.

Perfectbaby

full member

Activity: 162

Merit: 104

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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,

Hey man! Were you feeling drowsy when you were creating this post?
You seems to have been too fast with your year, instead of 2024 you are using 2025 while we are yet to enter that year, even though it's still remaining +-8 days to witnessed next year we shouldn't be that too fast to mention it without being inside already. That is by the way..

Usually if this doesn't happened we would never experienced another level of price action, and of course correction is always important on the market to hit another ATH. On a norm, for we to see ATH the price would dropped to some certain level before it would gain support to create another stronger price, pushing above the price level.

EluguHcman

sr. member

Activity: 546

Merit: 265

Well... If not the market being on correction at now I am probably not going to call it a dip or bear. I assume the current market condition is still on correction resting on the forebeing of the recent pump.we might experience some different market volume within the few days left in the year 2025.

We are talking about volatile movements here which can not be predictable so, we don't have to be surprise of any close by changes.
But if the office falls on a base of $90K, then I will take it that we are no more on the correctional level.

Besides... Bitcoin stabilizing on $100K should not be a burden to us because the history has been beaten. I know based on the market sentiments, investors are no more satisfied with the sum of $100K but are hoped to break a highily volume of new ATH just to satisfy their investment urge.

Odusko

hero member

Activity: 1106

Merit: 526

Leading Crypto Sports Betting & Casino Platform

Quote from: Churchillvv on December 22, 2024, 06:33:44 PM

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.

Bitcoin has a way of surprising everybody this year, if you noticed that Bitcoin has hard multiple time high prices with in a space of two weeks, first it was 90k benchmark seconds it did the $100k all-time high and lastly Bitcoin went above 105k all-time high all this happened within a short space of time, and we all were surprised to see Bitcoin at that level since we did not expect such price action from the market.

So we can't say that we will not break the last all-time Bitcoin price before the end of this year, we still have roughly a week plus before the year 2024 comes to an end and at that anything can happen, Bitcoin can still make a $100,10BTC before the New Year thereby closing the year I a most remarkable way before the real market bull starts early next year as Trump administration kicks off their Bitcoin reserves funds followed by buying Bitcoin by the government.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

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.

Smack That Ace

legendary

Activity: 2002

Merit: 1109

Free Free Palestine

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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.

JeffBrad12

hero member

Activity: 2996

Merit: 536

Leading Crypto Sports Betting & Casino Platform

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.

Samlucky O

sr. member

Activity: 504

Merit: 389

The great city of God 🔥

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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.

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Odusko on December 22, 2024, 05:05:39 PM

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.

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.

STT

legendary

Activity: 4102

Merit: 1454

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.

Churchillvv

member

Activity: 66

Merit: 5

Eloncoin.org - Mars, here we come!

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.

Zaguru12

hero member

Activity: 868

Merit: 952

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

Ambatman

sr. member

Activity: 490

Merit: 397

Playbet.io - Crypto Casino and Sportsbook

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.

Topic: Is the Bitcoin market correction over Yet - page 2. (Read 297 times)