Topic: When is next significant correction coming? - page 3. (Read 493 times)

The market in the last month has been quite encouraging for those who choose holders, not for those who trade. Expect a price drop in the near future to be able to get more Bitcoin at a lower purchase price like the price before now, it will be very difficult to get it again, although a drop amidst the increase is unpredictable.
In my opinion, to get more Bitcoin with high buying volume for the current price it is appropriate to do DCA before the new ATH.
If the situation is like this, those with small capital are already in a wrong position.

Near future seems difficult with significant correction for bitcoin exactly after success breaking out above $65K. Usually few percent of Bitcoin price pump always waiting for correction moment before raising the other new higher price again but difference in this time bitcoin almost difficult to get significant correction.
Last time significant correction when ETF approval announcement and bitcoin break out almost $47k just few hours later dropping drastically until drop under $40K and take more longer time for recovering to the higher price. Will the next significant correction after bitcoin price break out until $70k?

No one can predict dip or rise in prices of bitcoin. If a person is really able to do this, he need not do anything in his life. And within a month, he will become the richest person with the world with his accurate predictions. We can make a guess based on past trends and current situation. If I have to make a call, I will not wait for a dip here. I will keep buying BTC whenever  I have extra funds with me. This will average out the prices as well. Moreover, you will not spend that amount on BTC which is important for your daily needs, just the extra funds are spent which you can wait for to grow.

What do you mean by significant correction? I don't think there is Significant or insignificant correction it's just correction, if the correction last too long then it become a new bear trend.

Other that, there is no certain way to perfectly predict any correction, even with sophisticated and supposedly 'prooven' trading indicator and analytic there is still possibility of wrong prediction. You won't get any satisfaction answer with that question.

For me my plan is just hold and DCA, even if there is a correction.

In the last month I have also very rarely seen major corrections in the Bitcoin price unless it is just a continuous increase so the most sensible thing at this point is to enjoy this price increase to an unknown extent. Because if you yourself are expecting a price correction in Bitcoin for whatever reason, I don't think now is the time because even from a small level of price correction there are already many people who want to hold Bitcoin by buying it.

Moreover, if a big correction arrives, there will definitely be a lot of whales who want to take advantage of it, but for now I think this is difficult to happen because considering that there are many buyers who are not waiting for a big correction in the price of Bitcoin so the increase continues to occur in the market without any obstacles.

I find it fascinating that people actually think they can get an answer this way. That we, as a community would have an answer to when the next dip coming. Why would be even losing money ever if we would know that? If someone gives you right answer now, it's most likely because they were lucky and their TA was right, even though probability for that would be slightly over 50%

But are you seriously even buying that next correction? What if next correction is from $100k to $80k? Are you waiting for that and why?

My serious answer would be that you should try to find answers from respected accounts in tradingview. But majority of them won't give you right answers either. Just dca. If you are not using leverage, you can't mess up badly here.

The election in America will take place on February 10, 2024. That's just 6 days away.  Trump vs Biden, both are in favor of Bitcoin at the moment. But it seems Biden is better because I read they regulate Bitcoin and give room with some settings to grow. This gives Crypto room to continue to grow. While at this time Trump is relatively new, because he has just been involved in Crypto NFTs. Remember he once refused to Crypto, although in the end he withdrew his words. Then regarding the Spot ETF, yes I believe this wave was greatly influenced by the opening of the Spot ETF. Investors feel more confident in BTC since the Spot ETF approved.

Well cryptocurrency markets are pretty wild and nailing down when Bitcoin will correct itself is like trying to catch lightning in a bottle. Instead of stressing about perfect timing, think about spreading your investments around. Diversifying helps you ride out the ups and downs, making your portfolio more robust. It's like having a financial safety net when the crypto rollercoaster takes unexpected turns

I’m not trying to predict corrections at the moment; as an investor, I keep using the dollar-cost averaging strategy. Perhaps I'll start considering that when the current ATH is reached or surpassed because I know many are waiting before they sell. I'll also gauge the market as part of my daily routine to determine if I really need to sell and if there will indeed be a correction. But still, no one can predict the future for sure, so it's tough to say exactly when the next correction will happen.

The bull run has already started. Even though we are in the first phase of the bull run, I don't think we will see a massive correction if something very bad does not happen, at least not before the halving event. Most of the companies are waiting for the halving event and the new ATH. Everyone has their selling point. We don't know who will sell at which point. Right?

Let's say Micro strategy has a plan to sell some of their holding at 100K range. If they start selling each time BTC hit 100K range, small hand may start panic selling seeing a small correction. If something bad does not happen, then I do not expect a massive correction in the next few months.

I personally feel we won't see any corrections as what we are seeing is the effect of spot ETF. The current market conditions was what everyone was speculating before the approval. The amount of money that is being invested in the market to buy Bitcoin can only happen due to ETF. After halving which is scheduled next month we might see a more demand of Bitcoin.

Apart from ETF do remember this is the year of American election and the ruling part would not be interested in a market that is in red before election. We will see more of such small bull run till the year ends. Next year we will se a huge jump in Bitcoin price after which we should see correction.

No one can tell you when Bitcoin will have a correction and people expected such big correction in recent months. Till now Bitcoin already have 6 months with green and it's very logic to think of correction. Look back, we also thought it was logic like 2 or three months ago and see now how Bitcoin continued to rise more.

You must have two different views.

First, invest money in Bitcoin and your target is increasing your bitcoin. With this, you can buy now and don't have to wait because if Bitcoin rise more to like $80,000, a correction of 20% will give you a price like $64,000, not different than now.

Second view is if you only care about $, not BTC, you will don't care how many bitcoin you have with a same capital. So you will need to wait for a correction and buy a dip, get profit.

No one really knows when the correction will come. You'd hear people say that it will come after the halving and that's the normal thing that happens every time the halving occurs. Because if someone is going to tell you that he's sure that a correction will happen, he has to prove that to happen. But as you know, we're all speculating on this market and everyone is entitled for their own analysis. Just like what happened now, no one really knows that we'd hit $65k on an instant and Bitcoin just did. No one knows too on which day we'd be back to $69k and when it is going to surpass that past ATH.
That's why if you're asking when the correction will come for you to start buying. It's such a question with an unknown question but if it's about buying at the dip, we've been telling you to do that since long time ago and good for me that I did and the others too. But those that have missed it can't forget themselves because they're always hesitant about Bitcoin. I think that the pattern here is that bitcoin no matter what happens is going to have a straight line upwards with or without some corrections because this is the best crypto in the market. It is unbeatable and someone who's chill holding it won't have any problem for how long he's going to hold it because it's already proven that every cycle, it's Bitcoin that gives significant growth to itself and also contributes a lot to the bull for the market that affects majority of the altcoins.

Another correction topic right after Bitcoin pump hard. There’s no telling what’s the exact price for correction because bull run is not even concluded yet. If you really want to accumulate Bitcoin badly then why not start DCA today even for just small amount and continuously do regarding if the price dump or pump so that you can increase your Bitcoin no matter what happened.

I’m sure you will create this same topic when the price already reached 70k, 80, 100k and even to 120k until you didn’t buy at all while the price is already more than x2 if you just buy now. 

Currently BTC has touched 65K and the market is giving us another opportunity to earn money by trading bitcoin itself. I have a different opinion about market conditions which many predict will experience a correction. What you shouldn't do is sell BTC and then move from one crypto to another to look for the next sensation.

In my opinion, as long as the market is not hit by anything that makes it wobble, crypto market investors will be even better, as it is one of the indicators that influences the price and the whales don't make big selling actions, I think it's safe, but don't forget to set a stop loss. as a seat belt.

This is impossible to know, maybe something closer to the halving could happen... We had a 20% drop in prices a few weeks ago due to the sale of bitcoins by FTX, but I still think the path is clear until the ATH, without major concerns, only the natural price fluctuation.

Maybe you should ask those from BlackRock or Fidelity? As long as ETFs buy the amount of BTC they are currently buying (about 30 000 BTC per week), no correction should be expected, but only an occasional slowdown in price growth. I don't know since when you invested in Bitcoin, but unfortunately for all those who underestimated spot BTC ETFs and did not invest during the last year or even better in 2022, they can hardly hope for "cheap BTC" now.

If you buy small quantities and practice the DCA method, I don't see why you should wait for a dip - I'm not saying that you shouldn't expect one, but currently nothing points to it. Anything below $100 000 per BTC is cheap anyway

It's very hard to say when the next significant correction will take place, it has never happened before for Bitcoin to reach its ATH before halving. I'm saying reached because I am very sure that we will reach ATH, the price is 65k USD right now, and it's very easy from this line to reach 69k and even surpass it.
From my own experience, the price might crash from 69K or 70K but it can be temporary and then go higher, then it might even crash and will start a significant rise in this winter, after halving.
It's very risky to do anything, I wouldn't risk with a lot of money.

Just like what @Sim_card said, there's no way we can tell  when will the correcting is coming but I'm pretty sure that it will test out its previous ATH and after that it might break a little while and that's the waiting game you are talking about along past the ATH I think there will be a correction and that's the best way to invest though we can't really tell whether it's just a minor dump or that was the correction.

What I'm currently doing is I know that it's getting high and we are in the uptrend, whenever there's a minor dump or correction I bought it (but not all) and I do that again and again, that's the best thing you can do so far rather than wait for the unknown correction and buy at one time.

OP, nobody knows when the next correction in price will be. This is because no one can predict accurately the price of bitcoin because of her high volatile nature. I will advice you not to wait for the dip, because it might never come. As you can see we are expecting the halving next month, and the way bitcoin price have been pumping recently, makes it difficult for anyone to know what will happen next. If you have the money, it is better that you buy now, instead of waiting for when the price will dip, because you might end up missing out. Don't be the type of people who are waiting for bitcoin price to come to the price that they want before they will start buying, so that you don't sit on the fence watching investors on the bull run, smiling and taking profit. You can use 10% of your income to buy bitcoin regularly through DCA, either weekly or monthly. Also don't forget not to use the money for important purpose to buy bitcoin, because you will end up selling, even when the price dips below your entry point.