If we'll stop rising now, at $11,000, then there's a high probability that we will dip below 5 digits temporarily, but the higher we go, the lower the probability of this happening - at $13,000 tip it's much less likely to dip below 5 digits. If you look at the past bull markets, they were always full of tips and dips, but the dips generally don't go below the starting point, so the price increases in the longer run.
The bigger question is whether 4 digits will be gone forever, meaning the bottom of next bear market will be in 5 digits territory - but it's too early to say anything for sure yet.
Topic: Will Bitcoin will correct back under $10k or are 4 digits gone for good? - page 3. (Read 664 times)
June 23, 2019, 04:06:18 PM
June 23, 2019, 03:50:48 PM
It's pretty much a cast iron rule that as soon as anyone says X price is gone for good X price returns near immediately and does a jig on your face.
Four figures is only a small percentage away. I fully expect it at some point and it needn't be anything dramatic, just chop. All of these breezes through prices previously thought to be massive barriers mean it can breeze back to them without much going on as well.
Four figures is only a small percentage away. I fully expect it at some point and it needn't be anything dramatic, just chop. All of these breezes through prices previously thought to be massive barriers mean it can breeze back to them without much going on as well.
I agree I think we'll see 9000s again for at least a brief period in the coming days. I was just surprised its already back up to $11k a day after hitting it and falling to $10,300. I expected a deeper immediate correction, I guess similar to what happened the first time it broke $10k in Nov '17, it broke 10k, immediately went over 11k, just like this time, then spent most of the next two days under 10k before moving up again. I've got my short term trades all set from high 9000s to mid 10000s haha so I'm hoping for a correction! ;p
June 23, 2019, 03:47:46 PM
We’re currently over $11,000. I think it’s very possible that we could fall as low as the $8,000’s. I don't think we’ll go any lower than that though. What we’re witnessing at the moment is totally normal, it’s what happens in each bitcoin cycle. Following a long crypto winter we are only 12 months from the next block reward halving.
I expect the price to gradually rise now until next May before moon launch in 2021.
I expect the price to gradually rise now until next May before moon launch in 2021.
June 23, 2019, 03:42:34 PM
It's pretty much a cast iron rule that as soon as anyone says X price is gone for good X price returns near immediately and does a jig on your face.
Four figures is only a small percentage away. I fully expect it at some point and it needn't be anything dramatic, just chop. All of these breezes through prices previously thought to be massive barriers mean it can breeze back to them without much going on as well.
Four figures is only a small percentage away. I fully expect it at some point and it needn't be anything dramatic, just chop. All of these breezes through prices previously thought to be massive barriers mean it can breeze back to them without much going on as well.
June 23, 2019, 03:40:14 PM
What do you think? We saw a little bit of a correction for like a day back to 10300s. Do you think there will be a bigger correction lower than that, perhaps back into the 9000s in the near future? Or do you think Bitcoin has left 4 digits behind for good? Right now it's back right at $11,000.
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