Topic: When is next significant correction coming? - page 5. (Read 1099 times)

I think this is just my personal opinion there will be one more correction before the halving but we don't know when for sure.
because some big parties will dump cargo before the halving and will buy it after the halving.
or will we not see another correction during this year and will continue to rise

The difference is big if you buy 1 BTC or a larger amount - so you would save even $8000 if you bought one entire BTC, but if you bought 0.1 BTC you saved x10 less or only $800, which is also a good saving. But if you bought only 0.01 BTC, you saved only $80, which I admit can be a lot of money for some, but not so significant for others.

I won't go further and say how much the savings are if you only bought $100 worth of BTC, but as I already wrote the savings at those levels are almost negligible. However, I understand that numbers can have a significant psychological effect on people, and if someone feels good because he saved a few $, I have nothing against that.

It did dip quite a bit, but now the price is just shy of $67k, so there is profit taking when we did hit new all time high. It's understandable though, maybe they have been waiting for this and so for them it's necessary to take profits, so you can't blame them.


Hopefully there will be none, we are just like a month for the block halving and so everyone is really trying to save a lot of Bitcoin right now and be ready for the imminent bull run. Just imagine making profits when it hit 6 digit this year and then culminating for a huge all time high next year.

Those times are over when I tried to figure out when the next correction might happen. I would rather stick with a consistent buying strategy and follow the most important rule: don't shift your precious BTC into altcoins (aka shitcoins)! If for some reason you get the timing wrong, buy at the ATH and then BTC dumps hard, you can almost be certain that a recovery will follow, but it may take some time. Just check out when we last hit the upper 60k range. That is like 2.5 years ago. Make sure you invest money you don't need in half a year and you are on a quite safe way with your investment. Shitcoins may never recover! There are some that will probably recover because they are on the BTC bandwagon. But 99.9% of the shitcoins you can find on coinmarketcap.com will probably never go back to their ATHs. If you play that game of jumping back and forth between BTC and shitcoins long enough, you'll probably end up with empty hands.

By the way, what do you even consider a correction? 3%, 10%, 50%? People like Michael Saylor (or MicroStrategy) are adding more BTC frequently. I doubt they would do it if they thought any significant correction could be possible in the near future. With significant I mean something like 25% +. We aren't even at a point where 10% is really significant. BTC is volatile and if it drops from 68k to 61k, nobody who has been around for a long time would be talking about a significant correction. It wouldn't make a huge difference for potential investors either. Whether you get in at 61k or 68k, if you are pursuing long-term goals the overall impact is most likely going to be quite little.  

If you watch the news, you will know that the bitcoin price drop to $60k after bitcoin hit $69k today caused thousands of traders to lose money and the liquidation amounted to $1.2 billion. That's not a small amount and I don't think it's natural. To me, every time bitcoin drops rapidly or increases rapidly, it is when the market kills long/short liquidity and that is manipulation by market makers. But I agree, it's not a huge adjustment that we need to be concerned about.

As for predicting whether bitcoin will have another major correction, no one knows. Bitcoin is creating many surprises by consistently rising in price ahead of the halving and even creating new ATHs, but that doesn't mean there won't be any more major corrections. Personally, I still think there will be a big correction after the halving takes place.

It's not a manipulation but a usual scenario every time Bitcoin pumps, and that's not the big correction yet.

We have to wait for BTC to create it's new ATH before we see the big correction but still it's not guaranteed as Bitcoin looks more stable now to continue the up trend.

Lucky to those who are able to catch the dip again, that's a good profit already so enjoy it. 

I believe that considering the situation we are in right now, it's quite possible that we could fall before we get anywhere like that. We are nearing the all time high and nobody expected it to happen right now, and I am guessing that as soon as we are just above it or just below it, there could be a correction.

This is of course just my guess and I am not really expecting it to be something that will take some time, it is not going to be that simple and we should probably consider it to be a normal deal. I get that we are not going to see this change all that easily, after all it is not going to be simple for bitcoin to fall but we are very high right now so falling would be easier right now than ever. This is why many expect it to happen.

Nice, some people are happy rightfully when the price pulls back and its good to see      This was definetly a rapid correction or pullback but also the rise has been rapid by my reckoning and I've been watching a fair few years this was a good one.

This is still very much a positive market, I'm not too apprehensive personally and as the person above states for some its a good thing and a welcome opportunity.   I personally get uncomfortable if we never pullback as from my perspective that's unnatural performance.   Anyhow 61k or above is a positive movement across a week of daily bars, its still a positive resolution of that sideways or flag pattern seen prior.

BTC very much strong, as a quite skeptical person I still look for a larger pull back to something like 50 day average but it would be jumping the gun to think that now imo.

Hey hey hey everyone! Did you catch that dip? I did. Got some more Bitcoin for a very good price compared to $68. $60 and $68 is a very big difference.

People are saying there's a lot of manipulation involved in this price dip - well, I say - thank God there are manipulations like that!

Sounds good! I'd be happy with a prediction like that.  I just hope we don't have any more major pullbacks below 50k before the next bull run takes us to 100k and and beyond.

You could have predicted that something like this would happen considering that the SEC gave approval for spot BTC ETFs, but for consolation you are not the only one who was caught off guard, because much more experienced members of the forum suspected that spot ETFs would have this effect on the price.

I already wrote to you that it would be much easier for you to look not only at the price, but at the fact that Bitcoin is much more than an investment, but I understand that most people do not look at it from that perspective. However, if you only care about profit, can you even imagine what the price of BTC will be in the next 1-1.5 years from today? It may seem expensive to you, but chances are good that it will pay off in the end.

Everything written above is not financial advice, but only my personal opinion - do not invest more than you are ready to lose.

You should have invest when you thought of buying 3 weeks ago because now? you are already trapped on that and cannot buy in lower price because this is continues to grow from here mate and we are waiting for the moment of crossing ATH of bitcoin , because we  are short by hundreds today in hitting that ATH again.

Well I do think we are going to have a correction after the halving. I think that is what did happen before in the past for a Bitcoin halving. I also do think these new high prices do factor in halving event.

The halving is going to happen in 46 days. So I am going to make sure that I do have some fiat in my bank account to buy if there is that correction.

A lot of people didn't buy when the prices were low, they were confused about whether they should buy at that price or not because there were predictions when Bitcoin was around $30k that it would go lower from there, it went to $28k and then went straight to $40k from that point and the rest is history.

People who buy at current prices will earn some profit, but the profits would be lower than if they had bought earlier. However, if someone is making a long-term investment, they shouldn't worry about these things. All they will need to do is keep holding until their assets reach their desired prices, if they can't do that, they will either be at a loss or won't get enough profit on their investments.

If price corrections could be predicted, maybe there would be many people now who would take profit, but the problem is that they cannot be predicted. A price correction could happen tomorrow, next week, or in a few months, no one can predict. So if you ask about when the price correction will occur, maybe you won't get the answer here, because no one knows.

New all-time high first before some corrections.
As you can see we are already in the top, only 1 digit percent left. And just in case we will pullback, I believe we already have our strong support, and I believe it will go sideways only ranging from $60,000+.

Yes, although we speculate that the price of bitcoin will experience a correction when the new ath price is reached, I don't think it will last long because we are approaching the halving, which may result in a stronger reversal to rise again. It's quite accurate because I saw large sell orders at $69k and $70k, but if that doesn't go through, the price could drop to $55k. But that's just my analysis because currently the market situation is quite good with really strong buying support.

Of course, making entries in several places that we think will be picked up well will be really good to wait for. People are hoping for a decline when the price is rising but I won't hold it against them because I still hope the price of bitcoin continues to rise and reaches $100k before the halving.

If you ask me, I reckon we'll probably see prices wiggle around a bit when the next halving happens.  Maybe a little bump up at first as folks get excited.  Then kinda settling back down after everyone calms down. At least, that's my guess - tough to ever be sure with bitcoin!

No matter the current surge of bitcoin up ward I would be a correction and that correction would come after we hit a new All Time High. The reason is at this price there are going to be investors that would certainly be taking profits this will cause a little dump and as this happens fear will grip in and some short time holders will pull out too. Although I don’t expect a heavy fall but we will see a correction and then moon after halving

With Blackrock filing to buy more BTC for other funds it runs and Microstrategy raising $600,000,000 to buy more BTC, the only way this market comes down anytime soon is if mtgox distributes their BTC. Even then, there’s so much buying pressure right now, it would probably only dip for a week or two. For now at least, it’s up only.