next Bitcoin price correction WHEN? - page 3.

tippytoes

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Quote from: STT on February 21, 2021, 06:57:08 PM

The price was correcting from Jan start to 27th Feb and then we've broken up since then. Right now there is no real clue to any weakness in the price especially with bullish news such as Canada ETF for Bitcoin starting. Of course actual usage of BTC counts more but for now there is plenty of speculation and buying to fuel the prices and bullish perception.

There's no one who can predict the exact time period when the correction will occur. One can only make a prediction but it doesn't mean, it will come true. So this kind of question is very subjective and you will only receive so much speculations here. Even you apply all the TAs that you know of, still it is not a guarantee that you can get an accurate market price. There are so many factors involve in crypto, so you can't just pinpoint one major factor that will influence the price in the market.

STT

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The price was correcting from Jan start to 27th Feb and then we've broken up since then. Right now there is no real clue to any weakness in the price especially with bullish news such as Canada ETF for Bitcoin starting. Of course actual usage of BTC counts more but for now there is plenty of speculation and buying to fuel the prices and bullish perception.

Hippocrypto

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Quote from: veznata on February 20, 2021, 08:48:29 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 this time couldn't be foretold, and the situation remains unpredictable because its a hard guessing. We're at the midst of huge value, and if you can imagine $20k has been doubled by now yet we're heading towards $60k. That's really hard to analyze based on current saturations at this moment because, even there's a possibility of downtrend, the value was still sustainable.

justdimin

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Quote from: arwin100 on February 21, 2021, 06:00:40 AM

No one really knows especially the hype is so high and the presence of big institution are still there plus we add the current alt season happening this year so I think the correction will hardly enter by this year. But we can still enjoy the moment and can possibly get a good position if we buy today since there are instance that the price of bitcoin pull back so its best to have a good insight and buy it before it pump again since every movement is a good opportunity to gain.

I did see this poll and I know that polls are not really things that really matter and they are not always right, they are in fact more wrong than right most of the time, we have seen that in politics as well, however in a crypto market like situation where what people think matters the most, I think polls are very important.

In that poll there were just 9 thousand people give or take (maybe more now it was a tweet someone posted I couldn't find it now) voted and those voters said that the biggest possibility of a bear is at least autumn, because for the next 6 months or so they are still expecting this run to continue via the profits alone, and new big companies coming in, if these next 6 months is not "as good" as the past 6 months, then of course a drop could start by around September or so, that was what they were thinking. Very very very few people said it would be this month or next, and only a few said spring, so many think it is either summer or after summer ends.

ene1980

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Quote from: veznata on February 20, 2021, 08:48:29 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?

It is hard to predict when we will see a correction, i was waiting for a minor correction when the price crossed its all time high valuation but then the Paypal investment took the valuation beyond the levels which i did not expect in a short period of time and now there are more investments in billions and it is hard to predict when we might see a correction.

TinaK

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Quote from: veznata on February 20, 2021, 08:48:29 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?

The daily scale is gradually growing in crypto market, so we can expect before end of the year it will reach $100k and lot of possible news was automatically comes in the market so we see $60k to $80k on next growth of Bitcoin. But we must actively monitor the every day market because pump and dump is possible on anytime in decentralized platform so we must ready face the all situation of Bitcoin.

Fatunad

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Quote from: arwin100 on February 21, 2021, 06:00:40 AM

Quote from: maydna on February 21, 2021, 05:48:20 AM

Quote from: veznata on February 20, 2021, 08:48:29 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?

If you ask about when the correction comes, I am afraid that no one will know for sure. We can only guess that it will happen in the next days, weeks, or months after we draw a line based on the market's current situations. But that can't be a sign to see when the correction comes because the correction will difficult to predict. But we can guess that every time the price is down, that will be the correction for the price before it can have a chance to increase back to the higher price.

No one really knows especially the hype is so high and the presence of big institution are still there plus we add the current alt season happening this year so I think the correction will hardly enter by this year. But we can still enjoy the moment and can possibly get a good position if we buy today since there are instance that the price of bitcoin pull back so its best to have a good insight and buy it before it pump again since every movement is a good opportunity to gain.

Easy to say but would really be the hardest thing to be done on where you do wait up for the best opportunity for you to neither enter or exit with the market.
We might be seeing a very bullish market at the moment but we know the odds or chances of some flipping does really happen and we have learnt our mistakes
in the past that you shouldnt let yourself fall into FOMO.Its clear that adoption is really on the different level now but doesnt mean that the market
will continue to rise up forever.Best thing to do is to utilize up these movements for you to make money instead.

arwin100

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Quote from: maydna on February 21, 2021, 05:48:20 AM

Quote from: veznata on February 20, 2021, 08:48:29 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?

If you ask about when the correction comes, I am afraid that no one will know for sure. We can only guess that it will happen in the next days, weeks, or months after we draw a line based on the market's current situations. But that can't be a sign to see when the correction comes because the correction will difficult to predict. But we can guess that every time the price is down, that will be the correction for the price before it can have a chance to increase back to the higher price.

No one really knows especially the hype is so high and the presence of big institution are still there plus we add the current alt season happening this year so I think the correction will hardly enter by this year. But we can still enjoy the moment and can possibly get a good position if we buy today since there are instance that the price of bitcoin pull back so its best to have a good insight and buy it before it pump again since every movement is a good opportunity to gain.

maydna

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Quote from: veznata on February 20, 2021, 08:48:29 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?

If you ask about when the correction comes, I am afraid that no one will know for sure. We can only guess that it will happen in the next days, weeks, or months after we draw a line based on the market's current situations. But that can't be a sign to see when the correction comes because the correction will difficult to predict. But we can guess that every time the price is down, that will be the correction for the price before it can have a chance to increase back to the higher price.

We don't know if the price can increase to $80k-$100k and then the correction will come, but if that is the prediction, I will be happy to wait for that because I can try to make as much profit as I can and then prepare to buy bitcoin at a low price.

Saisher

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I'm ok with the correction I always anticipated that, it's a window of opportunity for most traders and should look with positivism, correction or no correction the market is doing great and will eventually reach $100k hopefully it will happen in the last quarter of the year, by then I have funds so I can buy more in the market.

blue_nexus15

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Quote from: veznata on February 20, 2021, 08:48:29 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?

Bitcoin made a new ATH yesterday at $ 57kk. But then there was a very quick correction from the market to drop the stop at 53k4 (locked up $ 4k / hour) but continued to change rapidly again at $ 56k.
I think this move is looking at the bulls' initiative by reaching a favorable compatibility point for ATH that could make earlier. This buying stimulus may expand further next weeks at 65k$.

adaseb

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Here is the issue with corrections during strong bull markets in crypto. Usually when it rallies, it rarely corrects. And when you finally get a correction where you get a decent entry its either too early and you are underwater or its not a correction but instead a trend reversal and start of the bear market.

Look what happened today, everyone wanted to long ETH at $1975 so they did and shortly after it had a huge crash down to $1800 pretty much. We all assumed $50K would provide some correction to at least $42K which never happened. The bull market of 2017 was similar. We topped $20K, got a good correction all the way to $10K and then never went back up to break ATH.

LUCKMCFLY

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At this time it is difficult to predict, because when observing the volume in the Bitcoin market you see that it mostly represents more purchases and sales, this means that most are looking for more bitcoin, perhaps because of the emotion of thinking that they are buying when millionaires buy, or when celebrities are buying, since they know that when the big ones buy they decide to do it because for them it is cheap and that they do not buy to lose.

The correction may come but I don't think it will be a bleeding correction, it could be too small, to gain strength and continue increasing, but of course, anything can happen.

Reid

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It's difficult to provide an accurate answer for that.
Even with technical analysis, you cannot assure it's going to hit the mark.

What can you do about this?
Always just be ready. If you want to enter the market at a cheaper price then you should check the daily fluctuation.
Monitoring it be boring but that's the only way you could maximize your profits.

LogitechMouse

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In a bull run, it is very hard to predict when it will stop and when the correction will happen.

In general, it is really hard to predict when this will happen. What we can do is to predict, read the charts and speculate which prices can be a huge resistance of Bitcoin.
Like @mk4 said, DCA would be the best way for us holders to gain some profit at least. I have been doing this for more than a year now and I'm very happy with the results of it

. If you have a job, put a portion of it into buying Bitcoin and hold it.

pooya87

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It depends on what you mean when you say "correction".

Usually during bitcoin bull markets we have lots of corrections with many different sizes and durations. Most of the times they are small and quick for example price coming down from $57554 to $54000 (-6.1%) was a correction that we had yesterday and you seem to have missed it.
Then there are rarer corrections that are bigger in size and can go up to 30%. They also usually take longer to conclude too. Like going from $42000 to $28000 (-33%) last month.

It is hard to predict which type and at what time a correction is going to occur. Speculating about them is a combination of technical analysis, experience and generally by looking at the momentum of the market and the level and successful of the FUD in the media.

Natsuu

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NO ONE KNOWS

For the last few months, people are always saying the correction will happen, and the price will not go up to 40k again, and they're proven wrong. CAUSE NO ONE KNOWS!, but Elon Musk can easily make a correction possible just by withdrawing his btc, and tweet about it.

Fundamentals Of

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Who are those people who are expecting no correction until Bitcoin reaches $80,000 to $100,000? If they indeed exist, then they are absolutely wrong. Correction is a basic occurrence in a market even in the midst of a bull run. If you take a look at the graph it is not a straight line. There are red candles every now and then, some longer than the other. These are the corrections. Bitcoin reaches almost $58,000 but it also fell down below $55,000. If you are imagining the correction to be severe with Bitcoin losing everyday, it might not happen soon.

TravelMug

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Quote from: veznata on February 20, 2021, 08:48:29 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?

$80k-$100k? Yes that within the realm of possibility now.

For correction, no one really knows, as long as there are more buyers then we won't see any corrections. But we all know that this kind of parabolic rise is not sustainable as we might go on the overbought region. So we will have to wait, a dip of 5% would be normal in this kind of super fast rally.

plr

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Quote from: veznata on February 20, 2021, 08:48:29 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?

I am aware of the correction but I don't dwell on that I prefer to look at the market and how high it can go and at the same time make a profit while going up, have you already made a profit or are you still thinking of investing and afraid of the correction, this is one of the risks we have to take in consideration, but if we are comfortable on funds that we are going to invest, you will be ok to proceed.

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