Bitcoin Forum

Will we have a correction before $4000? Or will it escalate even higher?

Need your opinion before buying more.

I'm sure there will be no correction today because a few days ago we could see bitcoin prices weakening, but now it seems to be going up and continue to increase. I am sure

price is increasing too fast or not,
we will always see correction later on,it's just about the time to see that.
the only question is,how long this movement will be ?
because if we know it we can maximize our profit during this rally,
and we can increasing our Bitcoin when the correction comes.

it can be surpassing $4000 marks at anytime soon,
or it can not be,everything is possible

a correction can not happen every day in a rising market (or bull market). and if you look around you can see that there was already a big correction a couple of days ago which was about 11% drop in price and then it recovered and started rising again.
and this time the correction will happen near the $4000. if it can not be broken then it will happen below it and if it can be broken (which has a less chance of happening) the correction will be delayed and price will probably stay above $4000

Everyone I've talked to outside the scene is bullish now. We won't see a correction from the casuals, only when the hodlers start selling.

When do holders feel the heat? 4000? 5000? 10000?

I think this time can be different, because it is rising too fast, and since SegWit was approved and the fork was proven to be harmless, people are buying by the hundreds.

Maybe the correction will only be at 5k, or even 10k. So might be better to buy now and hold, since these values can be reached soon, as the curve gets steeper.

If you need someone to tell you when you should buy bitcoin - you should not be buying bitcoin.

Its normal to express some level of uncertainty in this case of upward trend in price without any sign of retreating in sight and considering historical analysis, there is some level of correction that should be expected however, its not all automatic as in this case the increase in price can be said to be the fall out of August 1 and the upcoming SegWit which are both to influence the increase. It is at the point where this factors have weaned off the market but the price still increases, then a correction is knocking on the door within a short period of time.

Fear is good. It can keep you from making dumb mistakes. You can't go wrong buying in a bull market (unless you buy at the very top).

We are in a bull market.

We will likely see at least 5k sometime this year.

People learn from mistakes, buying bitcoins even on top is not some huge mistake, sooner or later price will go higher and profit will be there, not so big as it could but something is always better then nothing. Like friend said you can't go wrong in a bull market.
5.000$ this years sounds awesome, but I'm not sure can bitcoin price mark 5k this year. Reasonable prediction is 4000$ for one bitcoin and that is more likely to happen, but bitcoin price surprised us so many times that even getting to 5k is possible to happen, with bitcoin many price changes are possible, best is to buy bitcoins and just wait.

People always think this time is different. You can always attribute reasons to it and rationalize. But in the end, history repeats itself. The dot com bubble was followed by a crash, even though the internet had huge potential. This time too, there will be a correction.

Honestly right now it seems like a bit of a bubble. Price has increased a lot and personally, i don't think it's going to be sustainable in the long run. There will definitely be somewhat of a correction i think by the month end.

But for now, i think we'll just see more pumping at least until Segwit gets activated around a week later.

It's no good just blindly buying into the market anytime just because others are saying so. Think rationally. Even if you bought at $2800 which is high you'd still be cashing out a cool $900+ profit per coin.

good question i think after the bitcoin down fall due split issue the bitcoin currency and their value are very powerfull that the bitcoin is important coins in decentrilized ccryptocurrency the father or the founding of altcoins and i guess the bitcoin value continues pumping upto 5000$ before end of this year.

I think correction will be there but after it touch $4000. The way Bitcoin price doubled in the month of may. Similarly I think the price will simply gonna touch $4500 and then there would be fall to $4000. After that it will keep on fluctuating between $4000-$4500 for a time before touching $5000.

There will be a correction and it's always expected to happen after a very quick increase. Possible that when we reach $4,000 better to sell of your coins as there will be -$500 correction or it will be good at $3,000. Though the price is still good after this correction this will make the stability of $4,000 healthy.

If you like to gamble on corrections, go for it.

Just my personal opinion how it could play out.
We are moving to 3950-4000 with several dips within that and then see a correction down to 3400-3500 level.
Then consolidating a while and probably going for 4000 again.

The price can still go higher until segwit is activated. I cannot predict how much it can get high but what I can say is if the price slows down, then maybe the correction will happen. Just continue watching the price if you want to catch the drop for short.

A correction before or after $4000? I will vote for after $4000, maybe there are some little correction, drop back a bit and rise again.
Bitcoin has reach over $3780 across global exchanges and this is 9 days before segwit be activated, do you get it?
Even before segwit activated, we have seen new ATH and keep remember about litecoin SegWit (from $3 to $50).
Bitcoin has a big chance to reach $4000 in this week and we might see a major correction after that, but nothing for sure because segwit is a big deal for bitcoin development.

Dont expect new correction wave before price hit 5000$ level. Maybe strong resistance levels can cause few panic selling but price is already on uptrend.

Currently there is a strong resistance above 3900, so expect the price to always retract at that level. I think the price will not correct unless we surpassed 4000, maybe at 4500.

Bitcoin has a run right now. I do not think that it will end before segwit kicks really in.
I don't know what price we will have in ten days but I am conviced that it will be over 4K.
A correction after that might be possible, because then no bigger events in the future are expected at the moment.

Bitcoin moving so fast, I don't think there will be any corrections until it passed more than 4000$ and the correction seems like going to make Bitcoin fall down below 4000$ again, at first I thought Bitcoin will have correction when reach 3700$ but the value keep passing, but for sure there will be correction

I too believe that there won't be any price corrections that take place before it reaches $5000. Maybe this could take place crossing the particular value. The past price correction took place when the price was staggering around $2500 and fell down to $2000 within a very small time period.

I can't believe you are all talking about only 4k. It will likely break through that level this weekend!

This is a super price spike. Past history suggests prices can increase 20 fold in this situation, including the late 2013 price spike (from 60 to 1200) and even the 1700s tulip mania (also a 20 fold increase).

I believe the reason for this recurrence of 20 fold increases is that it indicates the level at which those investors who entered at the beginning of the spike decide to sell. Meanwhile the late adopters simply don't have enough money to soak up what the early investors try to sell.

As this price spike started at around 400, I think 8k is entirely likely, and very soon, within only a few weeks from now. But it's going to be important to sell just before the peak as it will become very difficult to sell once the price starts falling.
The Chinese traders controlling this market are likely to be very quick and savvy in taking profits.

there's no mistake in the price bubble right now bitcoin was meant to be like that because there's a lot of new investors which is the reason of rising of the price of bitcoin since they heard that bitcoin price won't be affected by the segwit and also bitcoin is rising because of the demand. the higher demand the higher price so this year will be the sweetest year for us.

according to momentum yo can predict that but by viewing the past performance we can assume that it's time for a downfall of bitcoin because whenever it rise its price to some than its price fluctuate between that price up or down and than there is a downfall. so, i think its time for the price to fluctuate between $3100 and $3500.

Consider this: Chips gets faster each year, miners get faster and old miners get dumped and new ones come around difficulty rises and every few years the reward halves.

Just that is good enough reason to understand that the price will rise FOREVER! The ups and downs will be so unpredictable that the best way people will see making it will be taking profits at regular intervals and getting back into the game again to make some more!

I do not find any supporting reason for correcting back to $3100 from the current levels of $3700 and I am sure prices are moving forward toward $5000 before end of this August and until testing $5000 levels, I guess there will be less possibilities to witness any corrections as raising volume will be supporting prices to reach $5000 levels when some whales decide to take away profits but new investors may cope up them to ensure price keep moving !

In todays market, with the rising prices, It doesn’t look like there will be a correction soon. As like what everyone has stated the market is a bull market which means a correction won’t happen now. I would expect a correction at around the 4K mark though, there was a slight drop in bitcoin a while back and to have another drop now would just be impossible.

There might not even be a correction at all, this is all just speculation. Would recommend buying some now, looks like the whales are still pumping.

But where is the money coming from, for this spike? Are you sure it's the Chinese traders? They have been rather subdued since the Chinese govt forced KYCs on the Chinese exchanges.

I think the money is coming from somewhere else, but have no idea where.

If next time like your predict, next crash or correction price on market will be have many volatility, maybe the situation panic selling can happening.
Because after reached highest price and not have any correction price for every period very easy breakdown the bubble growth.

I guess, this august is the BITCOIN month, it will be keep rising. There are many prediction for this cryptos, but no one right actually, because the price is climb even higher than the prediction. But I can't say In november, If you see the graph, there's always be  a correction. And I think the correction will be on november,

At this point anything can literally happen. As long as we have the activation of Segwit ahead of us, the chance for a serious correction to kick in is on the lower side. After the activation, I can definitely see the market take a few steps back, and honestly, I think the market is in need of it if we happen to have touched the $5000 level by that time. Seriously, it would mean that in a matter of 9 months, the price has gone up with 400%!! It's unlikely to see the price go up further than that in the remaining months of this year, without a correction. If we however do end up going to see the market increase further, then we may be heading towards a forming bubble.

The emails are talking about Ripple...when did ripple first come out?

Was it even around back then?  They are talking about ripple like it was more than just vaporware in 2009.

I agree with that. After the price is above $4000, there will be bad news about the hard fork again, the price will drop.

Now, we are witnessing the speculative inflation of prices. This is the same that we saw at the beginning of July, only with + sign. I think that the price will reach 4000 $ and maybe even more, but then we will see a correction. This will be a sharp drop to $ 3200.

Don't worry bro, price will be settled around 4000$ due to the increase of blocks in the activation of segwit2x. Sometime might notice the bitcoin price dump in the chart due any issues but I do not future bitcoin will have the problem. However, blockchain will get updated every time

Well when it settled to $4000 do we think it can hold or there will be price correction? For me there will be some minor correction then after that another run at $4200-$4300 will coming our way. I only said minor correction, because I don't really see anything that might really cause people to panic and dump bitcoins again. Minor correction in inevitable but this is good because we can't be bullish all round because sooner or later it will burst. Sometimes a healthy correction is needed. So that a new investors are more comfortable about entering the market. If the momentum continues without a correction, the danger is of a bubble that can only be corrected by a far sharper and more damaging fall.   

Of course I won't gamble with the corrections. Well the price did reached $3,800 just now and it's very clear that we are still in a good movement. But the expectation is there, correction is about to come while it is not yet here if you think that you are now good with your profit, go for it and sell some of your stash now.

I think a retracement is underway at the moment. It hit $3975 on Kraken, but it is now below $3800. Maybe we'll have to wait till next week for the next assault on $4000.

Definitely there most be a correction but am not certain on whether it will happen below $4000 or  above $4000 because of its current movement. Although I advice you to apply what i call " Wait and see a Approach".

In crypto sphere whales greed is our strong point, while they get bigger and bigger by every passing day, larger and larger amounts being invested which will only result in price rising. there are too many new coins(mostly Chinese scam ICOs all offering the exact same shit, it's like they have the same web designer lol and same script writer double lol, there are some coins listed on coinmarketcap and when you visit their website you can see typos and misspellings all over the pages yet they are being traded for millions of dollars on some unknown and fake exchanges, triple lol.)
None of them worth even reading their whitepapers, all are the clones of original coins and platforms, and all of them are being pumped by the free money those fackers earned after the split, I promise you all of them will go down once they have no spare money to keep the support alive.

With Bitcoin, they dump and we'll see some corrections, however for an original crypto currency there will be always real support to keep the market alive for at least another decade.

The increase is so sharp that it seems to me that the correction would be after reaching the 4000$ at least. I think there will be one...but likely will end over the 3000$.

Well bitcoin is going up too fast, i think there is gonna be a correction after passing the $4k support, it will make a dump but only for a few days, like it happened in the past, it's just happens and then go up again like it always did.
It touched $3940 today

Maybe it's McAfee, trying to save his own dick.

Hahaha, nice one.

But still, his prediction would be $500k. And this is far from it. Not even 1% yet.

So imo it's definitely not from McAfee, or at least from him alone.

I wouldn't be getting in bitcoin at the moment. It's just too crazy to be sustainable and we'll probably see some sort of correction very soon. Personally, i'd hold whatever i've got right now but not buy in any further.

The price looks pretty stable - can't break 4500, but not dipping too much either.  I'm happy to see it set in that range for a while.

This $4500 mark is something that seems impossible to break for the past few weeks and even the highest witnessed was around the late $4400s but I still believe we will break that mark but my fear is when as I am interested in seeing those times that will happen without having to be skeptical about the price correction as OP has said and that the benefit of SegWit, begins to manifest.

4500$ was standed as a resistance level for a long time.Price have to break this level for reaching high levels like 5000$. Last uptrend already surplused price less than 2 week. There will be another uptrend after deep correction.

I am not ready to agree that $4500 is a big resistance levels. I do see the possibilities of breaking it this week as we may experience $5000 this week.

One blocking issue here, tx fees are not getting impacted as expected post segwit activation. This may be a concern for investors to keep holding their capital. In a worst case we may see a correction up to $3800 levels but I am sure that may happen only after testing $5000 levels before end of this august.

This is actually exactly why i think that there will be a correction. $4500 hasn't been broken in the first wave of pumping, and now it is still struggling to break $4500. Any time bitcoin is at $4400ish price seems to correct down by at least $100, like we've seen now.

Traders need to make profit, and traders who are long will be forced to liquidate their long positions eventually if the price doesn't go up. There is simply no profit to be made by them, and even a small drop would make them panic.

So yeah, price is indeed increasing too fast and i do think there will be a correction.

$4500 is probably the major resistance right now and i don't think that it is imambigious at all. Just look at the price charts, you can see distinctively whenever the price hit around $4500 or close to it there is a dump following it.

Seems like traders aren't ready to accept $4500 as a new floor yet.

I think that worst case scenario we will see bitcoin correcting to less than $2500 which was the price level that we have started with on 1st August(approx), best case scenario we'll still be seeing corrections, just not as intense. Probably down to $3800 or so as you said.

Sideways movement usually indicates something much bigger is about to happen.

What i think is most likely to happen is first another pump that will potentially push bitcoin over $4500(maybe even $5000, i'm not sure about the specifics), and gets everyone hyped up again. And then the correction will come arounda  week later, and people will start panic selling.

The correction is definitely going to come, sooner or later. We just don't know exactly when it's going to happen but it's going to happen this year or the start of next year. No way we are going to avoid it when the price has moved upwards so fast, for essentially no reason or very little reason. It is pure speculation, and we've seen that in history it has always resulted in a sizeable adjustment in the end.