Topic: When is next significant correction coming? - page 6. (Read 1096 times)

Just for the past 3 weeks? Some of us have been waiting for the past year or so. Without much success.
Im starting to think dip wont even come to the party anymore.



That is not true. You are misinformed.

No one knows when a price correction is going take place and waiting for one right now is not smart because it may never happen. So If I were you, I'd be buying and filling my bags at every slightest opportunity I get instead of waiting for a deep.

A little correction, the American presidential election is slated to take place on the 5th of november 2024. Also, Bitcoin cannot be regulated by any entity, it's the crypto exchanges where it's been traded that are under regulations.

actually diversification of our portfolio it is good in cryptocurrency but the problem is that you have to make a proper research concerning those coins that you choose to be in your portfolio because it is obvious that you can invest in a coin that does not have a potential and by the end you lose both your capitals and no profit, so it is obvious that you have to understand the rudiment of investment in cryptocurrency before you invest that is why so many people who are investor keep on investing on a reputable coins that is valuable

Who cares though when will be the next correction? It's just like asking what will be the top price for this bull run? Just enjoy what you are seeing in the market right now. If this is your first time then good for you. And this is the classic dilemma for investors and that's why we said that it's better to do DCA and not waiting for the dip to buy. You can average in a DCA and even today you can still invest as we are far from the biggest bull run that we will see in Bitcoin's history. There are members here who are good in technical analysis but I don't think that anyone here could be experts and predict where will be the next dip and how big will be the fall, or when is the last leg down before we go to the parabolic rise. "Just invest what you can afford to lose".

at this moment you will come equally buy a Bitcoin because as soon as the price is increasing in the market you will be making more profit when you purchase now and it will happen to increase the only place you will experience disadvantages in the market of cryptocurrency especially Bitcoin is when you purchase and the price decreases that is when you have a downfall in cryptocurrency but when you purchase the market continuing to increase you are at advantages side because it will yield a more profit for you.

Bitcoin just hit the price of $67k which is very close to the previous ATH of 69k. However, I do expect this price run to the upside to continue until we smash the previous ATH level, and from there likely that Bitcoin will go way further to reach $80k per coin before we would get a major correction back to test $69k and to confirm that particular breakout and now turn it into that level into support which is currently acting as resistance zone.

Hello everyone! Thank you so much for your replies! It pains me to buy it so expensive when I bought it first £20K cheaper than it is now! But I guess I am gonna have to! I mean £20K in a little bit over  a month - I could not have foreseen this!  

No one can really have any idea about the market condition. When  it will be bullish or bearish but we can predict that after a big bull run there is a retracement. Bitcoin has been growing for the past few days in a way that sounds good to many but worrying to some. But for those who were still waiting to buy from the Bitcoin dip, the big dip may not be possible now. Because the market just recovered its price from the dip. Even if we see a correction, chances below 50k is really very low. But this is just speculation as anything can happen at any time.

honestly it’s hard to predict because of bitcoin’s volatile nature and its price changes a lot really quickly as well

if you want to acquire more btc i say that you should…. just buy whenever you think it is low enough you might keep missing the dip if you keep thinking that it might still go down so i say just buy it when you can afford it

Yes that's right. In the midst of market prices like this, plus we are approaching the halving period, the American election and apart from that, because the ETF may be waiting for the BTC price to correct, it is not the right thing because the right choice at this time is to continue doing DCA because we have not yet reached the new ATH so there is an opportunity to enter cheap prices are still available.

Additionally to me, bitcoin has become a hedge tool for whales as the value of fiat declines due to inflation. Whales continue to accumulate, especially after the halving, the flow of BTC supply is getting smaller due to reduced miner rewards. Btc will continue to rise in the long term with a correction of at least 5% to 10%, this will also be immediately bought back by whales. Blacrock himself suggests 28% of funds be put into BTC. So BTC will continue to rise to the moon. Let's play the game.

It's getting too unpredictable as the day passes by and I was assuming that we may see corrections before halving somewhere in March and April but if we look at how the Bitcoin has been performing I am doubtful now whether we will see any correction at this moment. I think we cannot predict anything when market is rallying hence it would be better to just stay up to date with the market and no one can predict a thing now hence let's not buy anyone's news or prediction.

No one can be certain of it but if it is just a guess and assumption then I guess it is during halving or the event itself being anticipated. Why? Investors will need to re-accummulate their holdings and that would be the perfect time I guess given that many small investors are expected to be buying at tht point due to FOMO. Again, this is just how I percieve the market and I really consider what happened from the previous Bitcoin halving even if it never displayed certainty and parallel alignment eversince but there's no other things we may consider due to natural inconsistencies. If I were to base or consider previous halving, bullrun occured months or almost a year after the halving. The idea as well that there's no consistent price increase happened, take note of 'consistent', in its market value simply because volatility will be always there including market manipulation by whale investors.

The only thing we could be a bit sure with is that price correction will take place anytime given how long the pump have took place already and the event we are all anticipating hasn't occured yet, and it makes a safe assumption that things are way too early for a 'true' (what we saw before) bullrun to happen even if there are signs already. What's a must is to be careful and to be on watch of your holdings so that if ever a crush will take place, you wouldn't be left with nothing but loss, set a stoploss if it is applicable with your investment plan. We are all guessing anyway and the only thing which is common is being preventive of loss.

No one can say when the bitcoin correction will come, and it is impossible to predict. Because Bitcoin is a volatile currency, no one can accurately predict its price due to its high volatility. We can only make a guess based on the past trend and current state of Bitcoin.
    So I think if you have enough money that you are ready to lose, then it is better to invest in Bitcoin now rather than wait for the price to drop. Because the bull run has already started, expect the Bitcoin price to surpass the last ATH. Next month is Bitcoin halving time. So we have to patiently wait for the next time to get a good profit by investing.

Hello and welcome. You have been around since December 2023 and there were also good prices for bitcoin. Now they are of course higher and look nicer, but they will probably look even better in the future, so now would also be a good entry. If you have a lot of time and a few years pass, then you could be even happier, but that is also speculation. None of us can see the future, we have already seen a lot, but bitcoin is here to stay and will get stronger, you are currently here, and you will see it, very good decision and I wish you all the best. Buy bitcoin, sell fiat.

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.