next Bitcoin price correction WHEN? | Bitcointalksearch.org

STT

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2 day average about to cross above the weekly average which was a bullish switch last time it happened. Watch for this rather then weakness first, worth paying attention to whether we qualify upwards as if it fails then it may lead to some measure of weakness from speculators leaving positions. Its not especially weak in this moment overall, we've outlasted the bulk of selling seen last week initially. Really strong price action might occur when we trade above 49 to 50k area with a 4hr closing bar; seems like there is a process of consolidation that requires some patience in conclusion as to our direction.

Baofeng

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Quote from: SaShiRaJaVu on February 26, 2021, 11:22:06 AM

Quote from: LUCKMCFLY on February 26, 2021, 09:27:25 AM

they do not invest to earn a few pennies, these people enter the market to earn millions.

The institutional investors already earned billion worth of profit till now and it is time that they will book their profit and it is not a big surprise that we are seeing correction every alternative day. It is hard to predict what these institutions will be planning to book the profit and i wont be surprised if some of them book their initial capital and then reinvest again and keep on doing that in cycles for a while.

It's possible, perhaps some of them have book their profits when we reach $58k at an all time high, so that is good for them. But as far as correction, again this is not new in the market, maybe why is want enlarge is because of the media and we are in March, wherein history the price really goes down this time in the past. So let's see how this month will do, the price seems to trade between $47k-$49k, the pattern now is sideways. So, it's going to be tough for us, if the price goes dip again at the line of $45k. We will see how it will turn out at the end of the week, and hopefully we go above our support line.

Natsuu

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Quote from: SirLancelot on February 27, 2021, 09:08:30 AM

Quote from: electronicash on February 26, 2021, 04:29:06 AM

Quote from: Fredomago on February 26, 2021, 03:35:01 AM

Need to stay furious, this can happened as word coming from this influential person creates huge impact to the entire market.
Be aware that there are still many traders who are buying the news.

With how we seen the market, deeper analysis helps to avoid making wrong decisions. now, the price is moving down chances that pressure from weak holders are adding up to this trend.

If you are into long-term investment, you are not affected but instead you'll see this as another chance to add
more and wait for another rise.

while it's possible to happen, Elon will really come out as an asshole to the community if he influences the market to crash. It could even affect his company itself. the TA is always a good way to see the future price and how low the correction would go before it will bounce. it may not take 2-3 months actually who knows or the market could be turning bearish til another influencer like Elon ot Saylor comes to save the market.

There is no way Elon does something just because it would be great for his company, we all know that dude doesn't care about his companies in the financial sense because he wants to achieve something and he does that no matter what the costs are, dude even talked with some dictators to get some extra cash to do what he could actually achieve, he doesn't care where the money comes from and what the situation is like as long as he does what he can.

He was in trouble with SEC many many times so far as well. All in all I have to say that we are in a situation where Elon could totally say bitcoin is horrible and nobody should ever buy it and crash the market or he could just convince board to buy 1.5 billion dollar more, everything is possible with him.

Your first paragraph is contradicting in its own sense. "he doesn't care where the money comes from", so he can manipulate the crypto, whenever he wants it for him to gain a great income without making himself the bad one. One simple tweet, about his trade and the market will immediately move. Though he recently cleaned himself with the issue of him making his companies buy crypto, as he is don't want anything personally to do with it, so he is investing his own asset.

Noctis Connor

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Quote from: Kasabus on February 26, 2021, 11:53:31 AM

I believe it was answered already and probably we know already why it happens like this. Because if there is someone who could tell the future of Bitcoin, I don't think that able to enjoy its volatility. And that because it remains unpredictable, we can just answer "MAYBE".

Maybe it was clear enough to say that nobody holds the future of Bitcoin and that even the creator never has control over it. Every drop and pump is a big surprise for everyone and we need to accept that rather than formulating any speculations.

It is true no one really knows what really the future of bitcoin but after the bullish of price correction "maybe" we are into another stage of climbing the bitcoin price into another level of it's price we always depends on the supply and demand but mostly those prediction it will come true just always trust and don't have any second doubt about it. Well we new that bitcoin is really volatile and its centralize that's where people make a good profit whether it's long term investments or short terms As long as you set your goal for it then you always believed in it and of course into your self.

SirLancelot

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Quote from: electronicash on February 26, 2021, 04:29:06 AM

Quote from: Fredomago on February 26, 2021, 03:35:01 AM

Need to stay furious, this can happened as word coming from this influential person creates huge impact to the entire market.
Be aware that there are still many traders who are buying the news.

With how we seen the market, deeper analysis helps to avoid making wrong decisions. now, the price is moving down chances that pressure from weak holders are adding up to this trend.

If you are into long-term investment, you are not affected but instead you'll see this as another chance to add
more and wait for another rise.

while it's possible to happen, Elon will really come out as an asshole to the community if he influences the market to crash. It could even affect his company itself. the TA is always a good way to see the future price and how low the correction would go before it will bounce. it may not take 2-3 months actually who knows or the market could be turning bearish til another influencer like Elon ot Saylor comes to save the market.

There is no way Elon does something just because it would be great for his company, we all know that dude doesn't care about his companies in the financial sense because he wants to achieve something and he does that no matter what the costs are, dude even talked with some dictators to get some extra cash to do what he could actually achieve, he doesn't care where the money comes from and what the situation is like as long as he does what he can.

He was in trouble with SEC many many times so far as well. All in all I have to say that we are in a situation where Elon could totally say bitcoin is horrible and nobody should ever buy it and crash the market or he could just convince board to buy 1.5 billion dollar more, everything is possible with him.

Becky666

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Quote from: veznata on February 20, 2021, 09:48:29 AM

BTC price goes up and up ever since we had last correction at 42K. now we are at 57.4 K and climbing which is very very good. some people even expect no correction until 80-100K. if we move like that we may see price over 100K as soon as 2-3 months. what do you think?

Though the time the post was made should be consider in this regard. During that time the post was made and now should explained to you OP that nobody can defined the market movement, what we all are doing this time is just for guessing and not that we know exactly what will happen to the Bitcoin market. I will continue to say this: not even the experts knows the next happenings around Bitcoin, and for your information the correction is what we are inn currently.

sana54210

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Quote from: AliMan on February 25, 2021, 05:32:28 AM

Corrections often happen when price starts to go down, and what I had observe lately was a simple stabilized price of $50k range. It doesn't go down and go up so fast, it's optimized price which I seen a strong momentum build up. We're still far from the reality of $100k, struggles can be so harsh for now due to more challenging market.

The price have to go down eventually when we are in a situation where there are no more buyers but right now everything looks great. As long as there are good enough buyers, that means price could basically reach to a good level, all we need is those buyers. I am not saying it is impossible for bitcoin to actually crash, it could happen, but how could it do that when we have the highest increase for now?

We are doing fine and as long as we keep doing fine there doesn't seem to be a scare. Even when the price dropped a lot, we have recovered from the it because there are buyers and as long as you have the buyers for it, the price can't go too low and people know this so they end up buying as well. It is just a situation and there is really nothing to worry about this situation. I personally feel fine about our future.

Kasabus

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I believe it was answered already and probably we know already why it happens like this. Because if there is someone who could tell the future of Bitcoin, I don't think that able to enjoy its volatility. And that because it remains unpredictable, we can just answer "MAYBE".

Maybe it was clear enough to say that nobody holds the future of Bitcoin and that even the creator never has control over it. Every drop and pump is a big surprise for everyone and we need to accept that rather than formulating any speculations.

SaShiRaJaVu

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Activity: 1694

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Quote from: LUCKMCFLY on February 26, 2021, 09:27:25 AM

they do not invest to earn a few pennies, these people enter the market to earn millions.

The institutional investors already earned billion worth of profit till now and it is time that they will book their profit and it is not a big surprise that we are seeing correction every alternative day. It is hard to predict what these institutions will be planning to book the profit and i wont be surprised if some of them book their initial capital and then reinvest again and keep on doing that in cycles for a while.

blue_nexus15

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Quote from: Crusherxy85 on February 20, 2021, 09:55:03 AM

Right now I have the feeling we only get small correction at around 10-20% and the way up will go till end of the year.

Yup. I've heard some Wall Street bonds are resilient, seemingly having some corrections to this change. We feel there was a lot of strong fluctuations this week and that pressure depletes $ 58k to 48k on Monday, Tuesday continues deep at $ 45k and today is $ 44k. This is the time when the maximum threshold of oscillation occurred. The same big impact from media bullshit was to degrade traction. I expect bitcoin's correction this week will be $ 45 -55k $.

LUCKMCFLY

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Quote from: ?? on ??

The correction is over now and Bitcoin is moving up again, those who bought at $47k are already in profit, good timing is really important if you want to make a profit in the bull market, correction is always there, you just have to set your buy order at the right time, and always follow the market for any hint of correction.

I would not be so sure to say that the correction is over, however, it would be very normal for the price to rise again, since a correction is always needed to test the offer, this may be being tested by those who have enough money to move the market, coupled with the famous billionaires who have bought Bitcoin I think their first target will be for $ 100k, these people do not enter to enter, they do not invest to earn a few pennies, these people enter the market to earn millions.

electronicash

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Quote from: Fredomago on February 26, 2021, 03:35:01 AM

Quote from: RealMalatesta on February 26, 2021, 01:55:22 AM

Let's remember TA is not what always happens, Elon Musk could come up and say that bitcoin is awesome so Tesla is buying 1+ billion more, and price could skyrocket, or he could just tweet that they are out of crypto and sold all theirs, and price would crash even harder, so my estimates are based on TA and no idea what could happen if there is something unexpected.

Need to stay furious, this can happened as word coming from this influential person creates huge impact to the entire market.
Be aware that there are still many traders who are buying the news.

With how we seen the market, deeper analysis helps to avoid making wrong decisions. now, the price is moving down chances that pressure from weak holders are adding up to this trend.

If you are into long-term investment, you are not affected but instead you'll see this as another chance to add
more and wait for another rise.

while it's possible to happen, Elon will really come out as an asshole to the community if he influences the market to crash. It could even affect his company itself. the TA is always a good way to see the future price and how low the correction would go before it will bounce. it may not take 2-3 months actually who knows or the market could be turning bearish til another influencer like Elon ot Saylor comes to save the market.

Fredomago

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Quote from: RealMalatesta on February 26, 2021, 01:55:22 AM

Let's remember TA is not what always happens, Elon Musk could come up and say that bitcoin is awesome so Tesla is buying 1+ billion more, and price could skyrocket, or he could just tweet that they are out of crypto and sold all theirs, and price would crash even harder, so my estimates are based on TA and no idea what could happen if there is something unexpected.

Need to stay furious, this can happened as word coming from this influential person creates huge impact to the entire market.
Be aware that there are still many traders who are buying the news.

With how we seen the market, deeper analysis helps to avoid making wrong decisions. now, the price is moving down chances that pressure from weak holders are adding up to this trend.

If you are into long-term investment, you are not affected but instead you'll see this as another chance to add
more and wait for another rise.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: ?? on ??

The correction is over now and Bitcoin is moving up again, those who bought at $47k are already in profit, good timing is really important if you want to make a profit in the bull market, correction is always there, you just have to set your buy order at the right time, and always follow the market for any hint of correction.

Literally we have dropped to that price again, and by the looks of the chart if we keep going like this until the end of the week, we are going to have even a worse week next week with a huge drop, however if we can recover a bit more and throw ourselves over 50k levels we could maybe do a bit better by next week. It all depends on how we react in the next 4 days or so, if we go up, we will keep going up, and if we go down, we will keep going down, it is a scary situation.

Let's remember TA is not what always happens, Elon Musk could come up and say that bitcoin is awesome so Tesla is buying 1+ billion more, and price could skyrocket, or he could just tweet that they are out of crypto and sold all theirs, and price would crash even harder, so my estimates are based on TA and no idea what could happen if there is something unexpected.

Question123

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Bitcoin value is rapidly rising and it is good news , but lately we experienced again dump of the market but it is normal or ordinary if you have knowledge already about cryptocurrency. I think the 80k dollars upto 100k dollars this year but 2 to 3 months we do not know if going to reach but gives a good times like until the end of the year for sure we will see it.

Reatim

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Quote from: veznata on February 20, 2021, 09:48:29 AM

BTC price goes up and up ever since we had last correction at 42K. now we are at 57.4 K and climbing which is very very good. some people even expect no correction until 80-100K. if we move like that we may see price over 100K as soon as 2-3 months. what do you think?

just 2 days after posting this the Correction happens , and look at the market it looks like recovery is getting far from happening .
I regret not selling when the price hits 58,000$ because i believe that 60k barricade will be break first before the correction but I'm wrong lol.
now it will take me some time to Make another Buying and selling again , things that i have done if i am aware to Sell at 58k and buy at 45k as the lowest record for the last 7 days.

slaman29

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Quote from: STT on February 24, 2021, 06:53:55 AM

42k is a good mention because thats close to the bottom pricing now, the last area of volatility then forming part of future action rings true. Price has to correct when it moves too rapidly without enough volume but how serious is that correction is another matter, some assume it will just rise back and resume and others I heard say it can be 6 months to even out.

Still I am not quite convinced we've seen the bottom. 40k was quite a long time to overcome, and we all know the 50k pump was never going to be sustainable short term. I'm pretty sure we can see another test of 40k maybe even 35 but that's healthy direction to set up the stage for strong bottoms and building up from there.

Keep your seatbelts tight!

AliMan

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Quote from: veznata on February 20, 2021, 09:48:29 AM

BTC price goes up and up ever since we had last correction at 42K. now we are at 57.4 K and climbing which is very very good. some people even expect no correction until 80-100K. if we move like that we may see price over 100K as soon as 2-3 months. what do you think?

Corrections often happen when price starts to go down, and what I had observe lately was a simple stabilized price of $50k range. It doesn't go down and go up so fast, it's optimized price which I seen a strong momentum build up. We're still far from the reality of $100k, struggles can be so harsh for now due to more challenging market.

ethereumhunter

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Quote from: shoreno on February 24, 2021, 07:07:43 AM

Quote from: ethereumhunter on February 24, 2021, 06:52:34 AM

We already the bitcoin price correction, so I guess we will see it happen in the future and not this month.

the next correction might occur for such a long time after this but if this current correction still continues , i think that will still be the same . reminds me of the moment where the value of btc is stuck at a verry low price because i think that is an example of prolonged correction but after that , it took over a year or almost a year till we undergone in another correction and that did start happen last day .

I hope so. The correction still continues, but we do not know when it will come again. The only thing that we can do is prepare the money to buy back bitcoin, and if necessary, we can sell bitcoin when the price can pass the price we bought before. That can help us to have more bitcoin. Besides that, I guess the real highest price or new ATH still does not appear because the price needs to reach the next high price that can be the new ATH after halving.

Quote from: shoreno on February 24, 2021, 07:07:43 AM

Quote from: ethereumhunter on February 24, 2021, 06:52:34 AM

But we do not know if the correction will come again after the price. I think we still need to prepare for anything that can happen later, and if the correction happens, we can use it to buy as much as we can. Maybe we can focus on buying more bitcoin as before to have more bitcoin than before. But the drop yesterday made many people surprise as they do not imagine if the price will go down lower on that price.

yes it will . correction is unstopable and can always come to volatile cryptos and this wasnt the first time we experience it so we already know what to do but if theres still unprepared , they can be newbie in crypto

I hope that the next correction will not make traders panic and sell their bitcoin, but they can wait for a while or buy back more bitcoin. Maybe new people need to read more lessons to know what they need to do when the price is down.

shoreno

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Quote from: ethereumhunter on February 24, 2021, 06:52:34 AM

We already the bitcoin price correction, so I guess we will see it happen in the future and not this month.

the next correction might occur for such a long time after this but if this current correction still continues , i think that will still be the same . reminds me of the moment where the value of btc is stuck at a verry low price because i think that is an example of prolonged correction but after that , it took over a year or almost a year till we undergone in another correction and that did start happen last day .

Quote from: ethereumhunter on February 24, 2021, 06:52:34 AM

But we do not know if the correction will come again after the price. I think we still need to prepare for anything that can happen later, and if the correction happens, we can use it to buy as much as we can. Maybe we can focus on buying more bitcoin as before to have more bitcoin than before. But the drop yesterday made many people surprise as they do not imagine if the price will go down lower on that price.

yes it will . correction is unstopable and can always come to volatile cryptos and this wasnt the first time we experience it so we already know what to do but if theres still unprepared , they can be newbie in crypto

Topic: next Bitcoin price correction WHEN? (Read 489 times)