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Topic: Will Bitcoin will correct back under $10k or are 4 digits gone for good? (Read 647 times)

legendary
Activity: 2198
Merit: 1311
I think 4 digits may not be "gone for good", I mean sure it would be hard to go back to that and even if we do I doubt it will be ever under 4k again but could it ever reach back to 9800? Sure why not it totally could. That is why I think 4 digits are still possible but not as much as used to be, maybe if we go even higher than it will turn into impossible as well, if we go above 20k and instead of going down super fast if we stay there a bit then we can totally say good bye to 4 digit numbers as well, that is what I want right now, going up slowly but steady without going too much.

If we go fast too high then we fall back, we lived that before and we do not want that again, that is why we want it to go up but then stay there as long as possible even if it doesn't keep going up.


4 digits are definitely not gone for good. Bitcoin will definitely reach back to $9,800 and will definitely be under $4,000 again. Bitcoin will never go above $20,000 again. This is just a very long dead cat bounce from the totally irrational $20,000 ATH. Bitcoin is heading under 3 digits where it'll trade like a penny stock until it's eventually forgotten.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
I think 4 digits may not be "gone for good", I mean sure it would be hard to go back to that and even if we do I doubt it will be ever under 4k again but could it ever reach back to 9800? Sure why not it totally could. That is why I think 4 digits are still possible but not as much as used to be, maybe if we go even higher than it will turn into impossible as well, if we go above 20k and instead of going down super fast if we stay there a bit then we can totally say good bye to 4 digit numbers as well, that is what I want right now, going up slowly but steady without going too much.

If we go fast too high then we fall back, we lived that before and we do not want that again, that is why we want it to go up but then stay there as long as possible even if it doesn't keep going up.
legendary
Activity: 2198
Merit: 1311
Quote
Will Bitcoin...correct back under $10k or are 4 digits gone for good?

Bitcoin will correct back under $10k and 4 digits are not gone for good. That's the confirmed answer.
full member
Activity: 1750
Merit: 118
Theres no such thing for bitcoin on not going back into these digits.We do basically telling this thing when we are heading up to 20k where we do say that 4 digit price cant be seen anymore but the price had fallen back.Making out conclusions would just frustrate you since bitcoin can surprise us out anytime. Cool

yeah there is no such thing as increasing all the time without going back to where it was before . this sceneario of  bitcoin reminds me of the saying that " a person cant go to his destination if dont know how to look back on his past  "  

anyway . there were always be a correction that will occur after a new high has been achieved so lets not worry too much , instead lets be positive and use that window of oppurtunity to bag more coins  .
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
I am not saying you sell it all. Maybe make some profits out of it so that you can be ready to buy back if the price turns south.
Just leave some to avoid a larger regret. It wont hurt that bad if a sudden increase also happens.
You're absolutely right, but it doesn't always work out well. I'm sure that people have done so already well below the current levels, but have been disappointed because the price went up way higher.

I think the main point is for people to educate themselves on how a market works on a more technical level. Selling, even when it is to secure profits, isn't always the best options and might result in more harm than good.

It sucks having sold at $6000 thinking to have done a great job, to not long after that see how the price keeps pumping further. This is a hodl market until we're seeing clear signs of a bearish reversal.

I would like to add that people also have to make up their minds about what they want to be in this market, a day trader or an investor. they can not be both at the same time and make moves that belongs to either category any time they want.
if they are traders then selling like this to secure profit is always a good idea but a trader has to always be super active going in an out many times. sitting around and hoping is not good for them.
if they are investors then taking profit out after a small rise is silly, they should not be active in the market at all. instead they should only buy the dips and accumulate that way and wait for long term results. which usually means cashing out profit inside bubbles (such as $20k)
legendary
Activity: 1526
Merit: 1179
I am not saying you sell it all. Maybe make some profits out of it so that you can be ready to buy back if the price turns south.
Just leave some to avoid a larger regret. It wont hurt that bad if a sudden increase also happens.
You're absolutely right, but it doesn't always work out well. I'm sure that people have done so already well below the current levels, but have been disappointed because the price went up way higher.

I think the main point is for people to educate themselves on how a market works on a more technical level. Selling, even when it is to secure profits, isn't always the best options and might result in more harm than good.

It sucks having sold at $6000 thinking to have done a great job, to not long after that see how the price keeps pumping further. This is a hodl market until we're seeing clear signs of a bearish reversal.
hero member
Activity: 3052
Merit: 651
Always be ready for it.
Even with $13k now it can still go to amounts which you didnt expect.
It already happened and that should have been a lesson for us.

I am not saying you sell it all. Maybe make some profits out of it so that you can be ready to buy back if the price turns south.
Just leave some to avoid a larger regret. It wont hurt that bad if a sudden increase also happens.
Think about what you did now and not what wrong choice you have made later on.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
There's plenty of support and buying happening right under where we are at the moment, even after we dropped from the $13.2ks to the lower $12ks as it seems there's plenty of money on the sidelines at the moment just waiting to get in on a dip. Still can't rule anything out, but I find it unlikely we're going to revisit the 4 digits in the near future.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
Welp it had its correction to just under $10k like I thought. Now it's back to $13k. At this point I don't think we'll ever see 4 digits again. The time of buying a whole bitcoin being possible by a lot of people (at least in rich countries) is gone. Heading into the future new bitcoin owners will be excited just to own 0.1 Bitcoin. They will be impressed by anyone who has a one or more bitcoin.

Agree the part with owning one whole bitcoin. 4 digits, I think we will see them.

I'd say extremely unlikely. It BARELY managed to break down through $10k on the last correction, only hitting high 9000s for a matter of hours. Doubt any future corrections will go as low as that last correction. I do expect a bigger percentage drop and longer drop after the next surge, but think it'll probably dip to 11k-13k in september during the next correction, 4 digits seems out of reach now.

the 4 digits is definitely gone for good unless something very bad and unexpected happens! otherwise the more we stay above $10k the stronger it gets, it has always been like this. not to mention that we are on an uptrend that has been going on strongly and so far no strong trend has ever changed direction for no reason which makes less than 4 digits that much less unlikely.
hero member
Activity: 2996
Merit: 609
Welp it had its correction to just under $10k like I thought. Now it's back to $13k. At this point I don't think we'll ever see 4 digits again.
Holy crapoly!  I hadn't checked the price of bitcoin for a few days and just did--I'm surprised it's gone so high, but truth be told it makes me a bit nervous.  I've always said bitcoin shouldn't rise too fast too quickly, and that's kind of what's happening right now. 

If the price stayed right where it is for a few weeks or a couple of months, I think that would be a good thing.  If we had a dip or a reasonable correction right now, that would also probably be good.

Can't get back to 4 digits?  Um, yeah.  Have you been following the bitcoin market for long?
Theres no such thing for bitcoin on not going back into these digits.We do basically telling this thing when we are heading up to 20k where we do say that 4 digit price cant be seen anymore but the price had fallen back.Making out conclusions would just frustrate you since bitcoin can surprise us out anytime. Cool
sr. member
Activity: 882
Merit: 269
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.
The corrections has happened this time last week and bitcoin was push back to $9600 at bitstamp. However, since then bitcoin has recovered from the pull back and it even went as high as $13,177 early today and it still remains very strong at the uptrend.
hero member
Activity: 2240
Merit: 848
Welp it had its correction to just under $10k like I thought. Now it's back to $13k. At this point I don't think we'll ever see 4 digits again.
Holy crapoly!  I hadn't checked the price of bitcoin for a few days and just did--I'm surprised it's gone so high, but truth be told it makes me a bit nervous.  I've always said bitcoin shouldn't rise too fast too quickly, and that's kind of what's happening right now. 

If the price stayed right where it is for a few weeks or a couple of months, I think that would be a good thing.  If we had a dip or a reasonable correction right now, that would also probably be good.

Can't get back to 4 digits?  Um, yeah.  Have you been following the bitcoin market for long?

Yup I've been following the bitcoin market for a bunch of years. And yeah it looks to me like 4 digits is gone forever. It looks very unlikely to dip lower during this current correction than it has already dipped since it is working on building back up to the high from last month, which means 4 digits ain't coming back during this correction. And while I expect the next correction to be deeper than this one was, i think there's no way is will bring the price as low as the low from this correction. The next correction will miss $10k by probably a couple thousand.
hero member
Activity: 2240
Merit: 848
Welp it had its correction to just under $10k like I thought. Now it's back to $13k. At this point I don't think we'll ever see 4 digits again. The time of buying a whole bitcoin being possible by a lot of people (at least in rich countries) is gone. Heading into the future new bitcoin owners will be excited just to own 0.1 Bitcoin. They will be impressed by anyone who has a one or more bitcoin.

Agree the part with owning one whole bitcoin. 4 digits, I think we will see them.

I'd say extremely unlikely. It BARELY managed to break down through $10k on the last correction, only hitting high 9000s for a matter of hours. Doubt any future corrections will go as low as that last correction. I do expect a bigger percentage drop and longer drop after the next surge, but think it'll probably dip to 11k-13k in september during the next correction, 4 digits seems out of reach now.
legendary
Activity: 3528
Merit: 7005
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Welp it had its correction to just under $10k like I thought. Now it's back to $13k. At this point I don't think we'll ever see 4 digits again.
Holy crapoly!  I hadn't checked the price of bitcoin for a few days and just did--I'm surprised it's gone so high, but truth be told it makes me a bit nervous.  I've always said bitcoin shouldn't rise too fast too quickly, and that's kind of what's happening right now. 

If the price stayed right where it is for a few weeks or a couple of months, I think that would be a good thing.  If we had a dip or a reasonable correction right now, that would also probably be good.

Can't get back to 4 digits?  Um, yeah.  Have you been following the bitcoin market for long?
legendary
Activity: 2179
Merit: 1201
Welp it had its correction to just under $10k like I thought. Now it's back to $13k. At this point I don't think we'll ever see 4 digits again. The time of buying a whole bitcoin being possible by a lot of people (at least in rich countries) is gone. Heading into the future new bitcoin owners will be excited just to own 0.1 Bitcoin. They will be impressed by anyone who has a one or more bitcoin.

Agree the part with owning one whole bitcoin. 4 digits, I think we will see them.
hero member
Activity: 2240
Merit: 848
Welp it had its correction to just under $10k like I thought. Now it's back to $13k. At this point I don't think we'll ever see 4 digits again. The time of buying a whole bitcoin being possible by a lot of people (at least in rich countries) is gone. Heading into the future new bitcoin owners will be excited just to own 0.1 Bitcoin. They will be impressed by anyone who has a one or more bitcoin.
legendary
Activity: 2674
Merit: 1048
Fundamentally is not happen, the big correction will come if there is no good information come and I never met a speculation that says bitcoin will face a correction so far. Can you look at the sentiment market now? A lot of speculation spread up that bitcoin will break up to $15.000 and I believe if the price of $15.000 has been achieved then the speculation will be say $20.000 is the next price will be achived. Sometimes you have to remember when we were in the bearish market, there are many speculation that bitcoin will down to x price and it has happened the such condition will be happen in the bull market codition.
sr. member
Activity: 1092
Merit: 256
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Price correction with bit is quite simple way to get the market moving without any form of large scale variation being experienced in the market. There is a common thinking that every price correction will cause a drop in the price and further will be the increase in the market. To me there is no more price correction to take place, even if something happens it will not cause a big drop in the market growth of bitcoin and other cryptocurrencies.
hero member
Activity: 1526
Merit: 596
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.

I personally think that the support has been tested with the dip a few days ago, and it held up nicely.

The chances of us seeing a major correction is still there, but I think there is still ways to go before we see one since the market right now is starting to feel euphoric. But even if a correction comes - the likelihood of a flash crash down below five figures is still very unlikely.

Besides, the fundamentals are there. Nobody can deny the fact that institutions are clearly showing interest, as well as the fact that a markets are more mature this time compared to 2017.

I think that the best accumulation phase has already passed, although I'm not saying that if you are a long term investor, you can't accumulate now.
legendary
Activity: 1806
Merit: 1521
It could be the beginning of something considerably bigger, or not. I wouldn't act like anything's in the bank whatever happens.

Nothing's in the bank of course. Technically this could still be a bull trap like the May 2014 rally, although price has retraced quite a lot farther this time.

Sentiment is also markedly different this time too. The May 2014 rally was full of hope and optimism, in fact I bull trapped myself on that rally. Looking back, those were classic bear market conditions. People were much, much more skeptical and pessimistic about the current rise. We climbed the wall of worry this time. That's typical of an emerging bull market.
legendary
Activity: 3010
Merit: 1280
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I believe a correction is inevitable but it won't happen soon, unless the one who dump 25k BTC strikes again for profit that will trigger a crash in BTC price.  If you remember a sell off of $200million worth of BTC that makes price plummet below $8k. But feel that is unlikely for BTC to have a correction this early because it just had it retracement this previous week.  Though I am in doubt whether Bitcoin will not visit the 4 digit again.  Remember 2017, Bitcoin goes up as high as $20k but it goes back to sub $4k during the bear market.
hero member
Activity: 2884
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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.
I doubt it, the price has been growing for months now and while that is a good thing I am not sure we are going to get a stable price at 5 figures, it is possible a correction will come during the next months that will leave the price of bitcoin between 7000 and 9000, which is still a great price when we consider the huge lows we saw this year, but if I were to give a prediction about what price we are never going to see again that will be 3000, to me anything below that is probably never going to happen again.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
We are in 5 digit mark and would get stabilized in 5 digit mark soon. it has achieved after long time and will grow as demand will continue to rise in coming time. It is a good investment time as well in order to grow from here.

It's gone up in a pretty much unbroken manner for several weeks in a row. That's not regular behaviour so don't expect it to have a nice relax doing very little for a few months when it runs out of steam.

It could be the beginning of something considerably bigger, or not. I wouldn't act like anything's in the bank whatever happens.
sr. member
Activity: 1512
Merit: 316
are 4 digits gone for good?

No

We are in 5 digit mark and would get stabilized in 5 digit mark soon. it has achieved after long time and will grow as demand will continue to rise in coming time. It is a good investment time as well in order to grow from here.
STT
legendary
Activity: 4102
Merit: 1454
3 digits is possible in a sell off, its just the chances are below 1% right now so people say impossible because they like the odds of buying anywhere close to that but its possible.    The reason I say that is not to be negative especially but just I believe there is alot of shock factor available in finance news and that could cause some to oversell.    Any forced selling can drastically alter sentiment shorter term, we dont have that right now and also it would likely need to be a series of hard shocks and theres multiples ways that can happen.

Anyway the question is 4 digits and I think when considering various time frames that would be more normal then expecting only 5 digits.    We did get the sell on the graph I posted above, but only down to the rising channel trend line and its back up
hero member
Activity: 3150
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I'd give it time to see first it go back to $9,000 before thinking that there's a big possibility that we may see lows again to 4 digits.

The only one I'm 100% sure of is that three figures is history for good.
We'll never get back to three figures and soon we may include 4 digits is going to be the same.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
since $9k range isn't that far anyways then it is easily possible to see it again but technically speaking there is no reason for it to happen anymore as we had the rise to $11k+ and the correction of that which brought the price back to $10k bottom and started the slow accumulation for the next leg up again.

It's been five figures for all of three days.

I'd be fully confident it wasn't going to head back there after a minimum of one year above it and in the meantime I'd want to see prices heading well into mid five figures to believe it was truly unlikely any more.

The only one I'm 100% sure of is that three figures is history for good.
legendary
Activity: 3472
Merit: 10611
since $9k range isn't that far anyways then it is easily possible to see it again but technically speaking there is no reason for it to happen anymore as we had the rise to $11k+ and the correction of that which brought the price back to $10k bottom and started the slow accumulation for the next leg up again.
the only case where a drop is possible is when some kind of panic happens with some whales playing with the market temporarily kicking the price down before it bounces back up.
as a trader i wouldn't count on it that much but if you want you can always roll the dice and place buy order(s) in that range.
hero member
Activity: 1694
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Who expect correction can short, who don`t will hold, very simple. It`s easier to talk about it than to do something when you know that a wrong move can cost you a lot of money, or bitcoins.
I don`t think that 4 digits are gone for good, there is a chance for the price to go back under $10k again, but I will not short bitcoin these days. I will think about buying more if the price drops.
legendary
Activity: 2179
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are 4 digits gone for good?

No
hero member
Activity: 697
Merit: 520
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.

Even if this goes to $15,000 before really pulling back I still think we'll see below $10K again. Bitcoin likes to go up ridiculously hard and then down the same exact way.

I doubt we'll see below $6,000 again though. Those levels might be history, although bears will surely be aiming for them once we finally start having a real correction.
hero member
Activity: 2926
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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.
Nah everything is possible with bitcoin and we cant just let the price having a continuous uprising movement which there would always be a correction and that indicates a healthy market.Seeing a fast pace price increase might signify either a bubble or pure manipulation.So if you are either a hodler or a trader then you should be wise on how you do able to let yourself to play in the market.
legendary
Activity: 1806
Merit: 1521
I imagine it will correct back at least to the bottom of a upward channel which is 9300 area and rising.   Market open after a bullish weekend has Tokyo futures and other traded markets opening with some selling I think

The mark for proper sell from here would be around 10700, thats the line of the channel which has been some support very recently

That was some strong wicking off $10,750 just now. We're back at $10,900 with the 15-min candle closing as a dragonfly/hammer doji. There's still signs of buyers in this area.

I'm not expecting another 15-20% correction from here. Higher first. I've still got my sights on a break of $12K.
STT
legendary
Activity: 4102
Merit: 1454
I imagine it will correct back at least to the bottom of a upward channel which is 9300 area and rising.   Market open after a bullish weekend has Tokyo futures and other traded markets opening with some selling I think



The mark for proper sell from here would be around 10700, thats the line of the channel which has been some support very recently
hero member
Activity: 1568
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If we did know that allot of people would had hold at 10k. On the moment its hard to predict where a dip would start and how deep it will go.
hero member
Activity: 2240
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My gut tells me that we will see sub ten thousand again very soon because there was no big correction on the way up but there were no big corrections when bitcoin was moving above 10 thousand in 2017. The first correction was at 17 thousand and it was very weak and shallow. Never underestimate the FOMO. Now that we are above 10 we will likely be drawn to the next big round number of 20.


Well I mean there was an immediate correction. End of nov 2017 it broke 10k, immediately went to 11,400, then corrected back to 8000s over the next 48 hours, then moved back up to 11000 and beyond.

Can't really compare the path bitcoin took after breaking 10k in 2017 to now. Completely different situations. That was in the final stages of the end-of-bull-run mania phase. Now we are early on in the bull market, barely even at 50% of the previous peak. Things don't really start to heat up until the peak of the last bull run gets passed. Bitcoin is in build up mode now, now everyone pile in during mass FOMO stage. This is probably mostly institutional investors getting in early before the real run-up gets going.
hero member
Activity: 2184
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My gut tells me that we will see sub ten thousand again very soon because there was no big correction on the way up but there were no big corrections when bitcoin was moving above 10 thousand in 2017. The first correction was at 17 thousand and it was very weak and shallow. Never underestimate the FOMO. Now that we are above 10 we will likely be drawn to the next big round number of 20.
legendary
Activity: 2366
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As I said on another threads, I was expecting a correction as soon BTC hit 10k, but I was wrong, so I have to think and analyze better to adjust my plan
I have to say it's very good and I'm happy I didn't sell any coin, soon or later a correction will come, but at this point I don't know if will be below 10k
legendary
Activity: 1806
Merit: 1521
I really doubt 4-digits are gone for good. Bitcoin likes to go further than everyone expects, in both directions.

At some point this is going to see a harsh ~40% correction, which is very typical of Bitcoin bull markets. So it's all a question of where the top of this bull wave is.

From here, I'd say an eventual revisit of $6,600 is still possible after a lengthy correction. On the other hand, if this tops closer to $13K, then I think the best bears can hope for is a retest of $7,500. No matter what, I don't think sub-$10K is off the table yet.
hero member
Activity: 2240
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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.


I mean i feel that is incredibly obvious. I personally would expect the next bottom to be more like 30k (of course depends on how high this bull market goes). But I think lower than high of the previous market cycle (20k) as the next bottom is very unlikely, let alone half that value. 4 digits will be gone forever in the near-term, just a question of whether it is gone forever now (i don't think so) or we'll see if for the last time in the weeks to come, or perhaps a bit longer if there is a major correction later this summer.
legendary
Activity: 3024
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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.
hero member
Activity: 2240
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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.


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
legendary
Activity: 3556
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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.
legendary
Activity: 2590
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Welt Am Draht
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.
hero member
Activity: 2240
Merit: 848
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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