Ongoing Price Correction | Bitcointalksearch.org

jjdub7

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

Now as I write this post both coins are below the values you are asking. BTC is about $ 48K and ETH is $ 1.4K.
But I think such a correction in the market was expected and many analysts predicted it. But according to most of them, this correction will be a springboard for new higher rises in the price of Bitcoin.

Ludmilla_rose1995

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There is no bad news yet to turn the market bearish. I think this is just a normal market correction and we get a chance to buy at a cheap price. I am sure that a few days later the market will return to normal and even the bitcoin price will fly even higher and reach a new ATH again.

ubercool

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There is a FUD going on Twitter about Microstrategy selling their Bitcoins, but there is no official statement. The price is 48k right now and looks like going down more and more. The alts bleed total red in these types of situations which is a common thing. I don't know how XEM is still holding strong while everyone is nose-diving into the ground. Hopefully, we will see one or the other investors who were waiting before the correction to buy in the dip. Anything less than 50k price is definitely a great place to buy in my opinion.

cabron

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Feels bear market already. I've sold the very few I have I'm expecting the price to drop lower maybe $45K to get back up again. I hope its not too late for me. Its a gamble to face now, I think this time it will hit the bottom going to the oversold line. This correction will give an opportunity for the rest of us. The only good I see in this is that some altcoins stays good.

imstillthebest

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not bearish . you know when its bearish when the fall is strong and last for up to days but what happen was a normal correction because as you see the price return to 50k easily . nothing to worry because as soon as this correction was over we can now resume of breaking the 50k barrier and for etherium the 1500 wall are also going to be destroyed .

Quote from: tinopener on February 23, 2021, 01:50:09 AM

Probably because stock market fell today too.

but whats the connect . did stock market do also has thier own correction ?

tinopener

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Probably because stock market falling too.

Will be interesting to see which one pulls away first.

Wesleyeric

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Well this is nice but to me I don’t really look at the falling and the rising of Bitcoin because I do long term investment, I keep my coins for a reason and I don’t even watch that market until a period of time, But I will advise everyone look at the market and understand the chat flows of the market, at this point the demand of Bitcoin is really high because of the demand of Bitcoin and others fast growing crypto currency’s too.

Kakmakr

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The Bear trap was set and the weak hands panicked.... now the Fiat Giants are smiling, because they are buying cheaper coins at a much lower price. Grin

A lot of large companies has entered the market, so we should expect that there will be more volatility in the market now... these people are here to speculate and to make profits... so they will trigger a ripple affect if there are a large dip (dump) in the price. Angry

I think that is what was happening now... 1 large dump.. trigger a ripple affect. (The trading bots went into overdrive and signaled a crash)

panganib999

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Quote from: shield132 on February 22, 2021, 02:28:03 PM

No one knows what will happen. More likely price will correct but at the same time, we have to remember that recent days showed that people like Elon Musk has a huge influence over Bitcoin's price and not only on Bitcoin. What if Elon will come with some crazy Twitter announcement?
But current situation is very risky for trading as it's harder to predict the future. There were crazy price movements today, even after your post price went up to 53K. And exchanges do the shit thing too, for example, Binance servers suspend, you are becoming unable to trade, etc.

I thino and I believe this price correction will somehow manage to bounce back. A lot of traders and investors lost because of the massive dumps of coins. I think that it is definitely a big thing for all of us, I personally is one of the affected here. I think it is not possible to recover the lost but I believe to those who are most strategic and knows how to read chart. I think in that case we all know that we must be aware of this kind of phenomenon. If Elon Musk however make a crazy tweet, I will definitely TP in that scenario.

Golftech

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Quote from: shield132 on February 22, 2021, 02:28:03 PM

No one knows what will happen. More likely price will correct but at the same time, we have to remember that recent days showed that people like Elon Musk has a huge influence over Bitcoin's price and not only on Bitcoin. What if Elon will come with some crazy Twitter announcement?
But current situation is very risky for trading as it's harder to predict the future. There were crazy price movements today, even after your post price went up to 53K. And exchanges do the shit thing too, for example, Binance servers suspend, you are becoming unable to trade, etc.

Those facts are really affecting the price now, though there's no certain value it's very important
not to fall with mistakes that leads you to lose your investment, this correction needs to analyze.
Your Patience is very needed from this kind of market movement, one wrong move can make a huge
impacts to your investment strategy.

shield132

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No one knows what will happen. More likely price will correct but at the same time, we have to remember that recent days showed that people like Elon Musk has a huge influence over Bitcoin's price and not only on Bitcoin. What if Elon will come with some crazy Twitter announcement?
But current situation is very risky for trading as it's harder to predict the future. There were crazy price movements today, even after your post price went up to 53K. And exchanges do the shit thing too, for example, Binance servers suspend, you are becoming unable to trade, etc.

bittraffic

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Quote from: abel1337 on February 22, 2021, 01:53:39 PM

I am expecting the correction to come out anytime this month but it's sad that I forgot to put a buy order above the support lines and failed to catch the dip. With this current dip, I'm sure there are people who panic sold their bitcoins and altcoins that cost them a loss.

I also think that this correction isn't the start of a bearish market.

I hope not the bears yet. I have just invested in some coins and I'm hoping for a big return with it.

This price correction should just be a correction, there is more good news to actually make the price go up than just correction. Canadian ETF is just one, there should be more countries doing the same for this will bring a mass adoption and price break ATHs.

DarkDays

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

Is the market has turned bearish, or it is just the regular price correction.

That's the questions that many are battling with right now. But I say as long as BTC is above 48K it is still fine.
This is why I think this is a normal market correction, and the reaction to millions of dollars being pulled out of the market.

https://www.bitcoincodeapp.com/lp?k=qc5f3&i=2dnf&utm=93a4bb61-de54-4c81-8618-d721268012cf&utm2=l24304

abel1337

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I am expecting the correction to come out anytime this month but it's sad that I forgot to put a buy order above the support lines and failed to catch the dip. With this current dip, I'm sure there are people who panic sold their bitcoins and altcoins that cost them a loss.

I also think that this correction isn't the start of a bearish market.

Coyster

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Quote from: cryptozanga on February 22, 2021, 01:31:42 PM

This is not even close of the correction we will have in the next few months, i think the crash will be even stronger than 2018, the difference is that now the new Bitcoin lower price will be above 15-20k.

Tbh, this basically looks like you're just circulating FUD, what makes you think there'll be a crash/plunge worst that the previous ones, don't get me wrong, I'm not saying there is no possibility of that happening, but with the latest 'events' going on in the network, one being the influx of institutional Investors, as well as public endorsements from prominent individuals, chances are high Bitcoin has gotten over it's 'spike and plunge' syndrome, and is rapidly reaching out to become a 'global market'.

Imo, this is no more than just a price correction, I'd not fret over it. There will be a high level of FUD now that Bitcoin is above 50k, small corrections and people will be forced to sell and take their ROI, but such people do not believe in the network.

CoinFoxs

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Don’t be so quick in making decision about bitcoin’s price, it’s a part of game the price drops as it grows so wait for another milestone bitcoin price will make another achievement by breaking all time high price. Ethereum will stay at 1700-1750$ for few days then cross 2000$ For sure.

cryptozanga

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

This is not even close of the correction we will have in the next few months, i think the crash will be even stronger than 2018, the difference is that now the new Bitcoin lower price will be above 15-20k.

Bitcoinislife09

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

I think it's possible but the bottom price was probably 45k$ and maybe even lower but it happened every time its a correction and after that easily we could expect the market price to pump again for sure. I think a lot of investors are on a panic sell because of the very fast price drop in the market. The demand was still solid so don't sell your holding in a bad position always make sure you make a profit. Ethereum was also close to 1500$ in the market so I think its a going to be deep probably the best time to buy or invest.

Daryl_Dixon

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This is a price correction.
If you have been following this market in the past years, you will see that price correction has always existed and the market decreases after an upward trend, and this is one of the features of Bitcoin.
Also, when Bitcoin declines during this period, the way is open for prices to rise and we should expect higher prices as well, just like 2018.

Hobo66

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dont sell and buy the dips. its that easy
I hope you can get back in. Losing 10% is not a big deal. there are huge gains to be made if you hodl
the difference between a paper loss and a paper profit is just a bit of time - maybe a few days or weeks, If its a few months that is still very short compared to the stock market
come back im, the waters fine

electronicash

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a big dump always starts with a small dump and then we consider it a correction when we're still in denial. and then when it becomes a big dump already that's when the panic sets in for another bigger dump. if you feel the same, just do it. take your profit before it's too late. an abrupt recovery after this will really be a big loss, however. I'm really going to be mad about myself for selling while it's just taking a dip.

TimtheYoutuber

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I don't think the market will be bearish for a year, but it could be a few months.

palle11

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I think the fall in price is about the principle of demand and supply. Last week we saw bitcoin and etheruem fees going very high and that made binance to be a choice which rises it high to ATH. Now investors used binance and that means etheruem and bitcoin can drop which is normal. It can be another kind of correction maybe not too deep.

Casdinyard

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Is it even possible to determine whether this is just a part of its nature of volatility or a correction is already occurring which could pull down its price far from its ATH? I think it is hard to do so. The market is unpredictable and we have seen numerous price cut eversince, even before it reached its highest market value. The market price could either continue falling or eventually recover. We just don't know and I bet anyone of us does. What will matter the most is our actions regarding the situation whether we would sell already or make use of the opportunity to invest.

gabbie2010

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The correction of the price had probably ended thus had provided an ample opportunity for buyers to buy dipped at $47K+ those who bought at that price had already earned some profits now, the price might likely resume the bullish run after this minor correction which I believe is normal in a market settings, a pin bar formed on 1 hour and 4 hour BTCUSD chart and other USD charts is an indicator that the bulls had resumed their upward trend based on technical analysis and Price Action.

Rikafip

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

Is the market has turned bearish, or it is just the regular price correction.

Come on, one small dip and we are suddenly in the bear market? Hell, even if BTC dropped back to 20k I wouldn't think that trend reversed and that we are suddenly now in the bear market, let alone this. Fact that BTC went up fast after this dip tells me that this is nothing to be worried about and we can expect attack on new all time high soon.

zanepalmer

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Bitcoin $BTC
10% correction has been met - might be all we get
A 20% correction would be to 46,693
A 30% correction would be to 40,856
A 35% correction (avg of 30%+ corrections in 2015-17 trend) would be 37,938
Jan high at 41,986 would be logical spot to buy

i believe we will hit $65K-70K and have an "exit all markets" moment with a crazy correction that knocks 30-50% off the entire market overnight

then an insane alt season before BTCs final run to the $150-200K realm

worle1bm

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

The sharp price drop came after Elon Musk the market manipulator,tweets that the Bitcoin prices are somewhere excessive and prices start to moving downwards trend with 6-7% fall.They went from $57k to $54k at this time.The only reason for this statement by Musk was price dips so that Tesla and he himself could invest more at the dips and gain huge profits when the prices will rise eventually after another billion dollars investment in Bitcoin.He is playing mind games and you should also took advantage of it and invest in Bitcoin as they will rise to most probably $60-$70k this year and you can gain huge margin similar to Tesla $750 million profit within a month.So what are you waiting for?This is just a normal so don't judge it's potential and growth opportunities to be part of 1% of world population to be part of financial revolution of digital era.

taufik123

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the market does look saturated. The correction was able to lower bitcoin to a price of $ 47k but instantly rose back to the $ 53k area. this is proof that bitcoin is still strong to sell to a higher price.
Some altcoins that experienced price declines were also affected by the bitcoin correction, but recovered as well.

We'll see where the next bitcoin price is. Is it able to make new ATH again or not.

Fesatmas

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the red zone which we should take advantage of, but it only takes a few minutes, it again provides a pretty great power. not only Bitcoin and Ethereum, we see all the altcoins have a concurrent disposal pattern and recover in a fairly short time. It looks like it is coordinated but it's just speculation, we are still looking for a reason for a correction like this, are there any issues that are currently the topic of cryptocurrency?

zanepalmer

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Every correction in 2017 was followed by +153% increase on average.

That would take #Bitcoin to ~75k next.

Upgrade00

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

The price of bitcoin and ethereum has been falling drastically.

During a bull market, the price rises in large percentages within short periods of time, the downside is that it can also experience wild dips within same time frames. This is not usually indicative of a bear market as such wild fluctuations are expected.

Quote from: romero121 on February 22, 2021, 09:25:28 AM

Is the market has turned bearish, or it is just the regular price correction.

The price is now approximately $55k, so if was just a healthy correction. It could be indicative of future drops, but you can't decide on that by judging short price changes.

sheenshane

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Just because there's no infinite growth of Bitcoin, this was expected by many speculators that there's a short correction but if you can see, we're still on a healthy market. It might be they called a "reset", there's instance speculation that probably big investors may invest during this crush and we might we experience again a bull run, but if not, the anticipated that the previous history of Bitcoin will repeat itself might be happened.

But it's too early to give a statement, I may advise everyone that should have a strong hand and never do panic selling that won't surely help the market price. Probably there's a whale trying to manipulate the market, or this has related to the Elon Musk tweet on Twitter.

BrewMaster

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There is trouble abrewing

that's what happens whenever bitcoin has a correction. the altcoins get dumped hard. ethereum has already lost a lot of price because of the small bitcoin correction more so than before when bitcoin was rising if you check is price against bitcoin not dollar. this is not specific to ethereum though all the altcoins are doing the same thing.

in any case this is a healthy bitcoin correction that always happens during its bull markets. this is also needed for the future rises to break the $60k and reach $70k in next step just like when we were in $40k range and needed a correction before we enter $50k.

thecodebear

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Don't panic its just a weak hands shakeout. Dipped under 47k already back to 54k haha. Though i'm sure there will be more dipping. Great time to buy, not panic. Just a bear trap.

Bitstar_coin

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Btc already down to 50k at some point but now i see it is above 50k - around 53k to be precise, the whole market seem to be in correction mod, some people will say this is the best time to buy, or buy whenever there is a dip, the market has been pumping none stop this few days so this correction is very necessary for a more healthier market.

tranthidung

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

Is the market has turned bearish, or it is just the regular price correction.

It is a period of correction. The market is bullish and the on-going correction is a healthy one. It is not a correction to flip the market into bearish. Many space for other highs and if you did not exit earlier and can not enjoy these dips, you can hold and wait for other higher prices.

Ethereum need to be seriously pulled back.

Quote from: ?? on ??

BTC.D and OTHERS.D movements support the altcoin season. The former has not bottomed and the latter has not topped up yet.

As said, enjoy the alt parties and if you are careful, exit your positions before the fourth week of February. Let's try to protect your capital and any profit you have earned with altcoins.

blucepheus

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Quote from: romero121 on February 22, 2021, 09:25:28 AM

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

Corrections are normal after a run like this. It’s likely profit taking by retail investors like us, and nothing more. It will head right back up in no time; do not panic sell. In fact, buy the dips if you can.

romero121

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The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

Topic: Ongoing Price Correction (Read 358 times)