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Topic: next Bitcoin price correction WHEN? - page 4. (Read 539 times)

full member
Activity: 756
Merit: 231
February 20, 2021, 01:47:21 PM
#8
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?
Don't be deceive for bitcoin market can't be determine(forecast) by anyone yet becasue the market still developing. What i personally believe in bitcoin is whenever the price move above some reasonable percentage i quickly take out profit then watch the market after which i go again for purchase. More also, i learn to re-invest my capital during my stay with a particular project, mostly the top altcoins on marketcap. Currently, i exited the market before the $57k+, so, during the forthcoming correction i will swing into action again.
sr. member
Activity: 1456
Merit: 280
BitByte Crypto: https://link3.to/bitbytecrypto
February 20, 2021, 12:27:17 PM
#7
some people even expect no correction until 80-100K.

Everything possible in this current bull market, but possibility of correction is higher than the number of those people. But it might happen that the rate of correction will be smaller than previous one. Also, it's not sure that correction will be happened within a days because it'll depend on the support level of Bitcoin. On the other hand, Microstrategy will buy more bitcoins in the upcoming days and there is high chance of correction as well because they'll make announcement after purchasing that and market will be in correction before that announcement which was previously happened.
legendary
Activity: 2436
Merit: 1362
February 20, 2021, 11:04:48 AM
#6
Firstly, why does there have to be a correction?

and secondly, by correction I would guess a lot of people are expecting a 20%+ but
it might be 10% drop.

Its a very different market compared to 2020, the majority of Bitcoin being bought
now might not be sold until the long term, whenever that will be, 10, 20 or 30 years
and beyond
hero member
Activity: 2240
Merit: 848
February 20, 2021, 10:03:49 AM
#5
We can only guess.


But we can say it is unlikely a major weeks long ~30%+ correction will happen very soon because we literally just got out of one literally 12 days ago! Not even two weeks ago! We should probably not expect another correction to start before the end of March.

Good chance Bitcoin moves up to the $70k - $80k range before the next major correction. It could go even higher before the next correction.
sr. member
Activity: 1092
Merit: 284
February 20, 2021, 08:56:27 AM
#4
Yes, we see that bitcoin's degradation will skyrocket, so when the correction has been met, getting to $ 80,000 is already the next month's target. just look at this month bitcoin has shown a very crazy increase. we'll be waiting for it at $ 100,000. be ready to tighten your grip. the correction is still not visible.
jr. member
Activity: 44
Merit: 2
February 20, 2021, 08:55:03 AM
#3
No one knows...

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.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
February 20, 2021, 08:54:23 AM
#2
The answer to almost anything concerning price: no one knows.

If you can't trade, just dollar-cost average[1] or "DCA". With DCA, your holdings increase in value when price rise, and you get to buy coins at cheaper when prices drop. And as long as you're going to hold and continue to DCA for the long-term, chances are, you're most likely going to win.


[1] https://dcabtc.com/
jr. member
Activity: 80
Merit: 4
February 20, 2021, 08:48:29 AM
#1
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?
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