Bitcoin Forum

Tell me if you think a Bitcoin correction is coming or not this weekend (around 19th Aug). It could not pass 4500 USD after a small raise from the minor correction.

Even today I saw indicators of prices at the level of 4,515 USD. Think of correction this weekend will not. The price is pretty stable. Lower prices can only be expected as a result of actions of the whales, but it's not for long. They will pay off cheap coins and again raise the price.

I think the price correction had got over. Upon that only the price went low to $4000 and once again the price had started to move towards the ATH. If the correction is not yet over,  then we might experience some fall in price but the same gets retained at certain time interval.

There seems to be a correction in the price of BTC, accompanied by a rise in BCH price. It seems like a large holder of bitcoins has dumped BTC in favour of BCH. Wonder how long this can last.

People are waking up to the fact that BSegwit is not Satoshi's Bitcoin they signed up for, BCash is.

It can easily pass $4500 and we might see a small correction before it will cross $5000 mark this month. By end of this year I think price will easily cross $5000 or even more. Bitcoin trading chart looks really bulish these days..

I think so, it's very normal that after the rise there will be a correction. We may not see it this August 19 but maybe before the end of this month and it will be followed by a major pump again. Seems whales are just playing around Bitcoin and Bitcoin cash, there will be another good thing to happen in November, for sure.

Specuation is root of all evil.. Large sell orders need liquidity on market.That's why big guys are looking for buy orders and they will continue to dump bitcoin till market fills their orders for best available price..

lol ... 99% does not give a damn about that and I'm sure of it.

I really can't say since we are used to give only just a speculation or random guesses.

Anyways here's the thing, if ever correction price will happened now (honestly it should happened anytime by now and that is a normal sequence everytime we are in a massive price rally), bitcoin price will not dip much, for I can say the reasonable price would be $500 price decrease as minimum.

As of this posting, around $200 decreased is established from what's the peak earlier. Let's watch the progress.

To be precise, then to date we see -250 or 300 dollars from the basic maximum amount on Bitcoin. Although the price always fluctuates that up then down. I hope that this weekend we will see another growth.

I don't think so.
It is right after any large increase in price we except the price to decrease. But I think, this time it will not happen as the reason of price rise is different. The reason was not a just a emotional pump or manipulating by whales. The reason was that more investors is now attracted in bitcoin after panic selling finished in August 1 and people do not afraid of losing their money. Now the demand is so high.

No one can predict when is the price correction. Generally during weekends you may see some people cashing it out but it doesn't make that the pattern can true always. I think the best option for you is to monitor the price so you can see if a minor correction is forthcoming. We just make educated guess that is why is very hard to predict the price movement currently. Well if bitcoin cannot pass $4500 today, there are still a lot of opportunity for it to reach this price again and even surge ahead to $5000. You need to be patience and hodl on your bitcoin and actually should accumulate more.

Ah, the weekly "is it time for a correction?" thread! ;D

Actually, I think there's a decent chance this time. Time and proportion wise, it definitely looks like we could have a complete Wave 3. And we have a nice double top rejection that could definitely catalyze a short term down trend to form support after all the recent volatility.

If so, I'm looking for $3800s, and possibly for $3400s if we get another leg down.

Maybe yes, maybe no. Who the hell know what will happen in the future? Regardless whether there will be a correction or not, just hold your Bitcoin. Corrections never last so long and after the correction, the price of Bitcoin will just go up again.

There can be some correction, both from whales and from BCH camp, but it will be small dip. Price will eventually go up because there are too much people buying it now, there was a increasing of thousand of people subscribing to coinbase.

Nothing can stop bitcoin now. The only question is how to make use of the dips, how to predict them so that you can maximize your profit.

Maybe, but nobody knows for certain. Bitcoin price correction can always happen but in the current price, I do not think we will have a correction on August 19th. However, it is not bad to be prepared. Prepare some bucks for cashing in if the correction will happen. Whether there will be or none, just hold those Bitcoins.

A correction will definitely come because the price is not just going to keep increasing. Bitcoin is still volatile and will have some wild swings up and down. It is currently in a upswing and the price has made a huge increase in the last week.

At some point the price will have to correct some but it will still rise after a consolidation. Over time the price will continue to rise but it will probably be more gradual.

I don’t really matter what may happen to that speculations about correction, and all wanted to say is I am positive that what is happening right now is because of people’s trust and great demand of bitcoin. Maybe that corrections that most speculators were saying is already happening and we might not recognize it due to btc price is rising every now and then at any moment of time. Price will become unstoppable and nothing can stop it even any forks or other negative ideas may threaten it. Price will become successfully progressive of it’s journey.

It will only happen a correction if Bitcoin price passes another milestone. Probably 5k.

I prefer bitcoin will rise instead has correction on this weekend, because segwit will be activated on August 21st which mean bitcoin will be on Bull run again. Bitcoin could reach $5000 in this month and there will be some minor correction during the way, but I consider major correction will happen if bitcoin reach $6000 or chain split will happen on November, depends on which one will come first.

I hope to not see any correction, the bitcoin value is cute as it is for now. Even if I see a lot of volatility during the day with over 200$ up and down. If the value can be "stable" at about $4500 it would be great  ;D ;D

Yes bitcoin will not get too deep correction. It's all just temporary and the possibility to increase back is huge. An increase in the number of bitcoin users will help keep the bitcoin prices steady and also increasing. The recent increase in BCH price rates does affect bitcoin prices.

I think also that "nothing can stop Bitcoin" but I doubt that this means an eternal bull run. It is possible $4500 will be the top for some months. We had a short term head and shoulders pattern in the last two days (three highs with the one in the middle being the highest). That is often a trend reversal pattern.
The increases in the last days were very strong and I expect that there are many people selling now to take some profits. Maybe it will only be a short term bottom and the bulls start a try for $5000, but I'm almost sure it won't go higher than that, for now.

(I have incorrectly called the top at $4000, so maybe I'm wrong again ;D).

Biggest dip so far I saw since the price rise is more than $200 few days ago and it bounce back again. For sure after the correction at some time, the price will become higher or possible that we can reach the $5000 before the end of this year.

The correction will happen. But it's very difficult to time it and how big it will be. It depends how we will continue rising.
For example there are guys who believe we could go to 15k+ in 2-4 weeks. Imo this would be an insane move and would end with huge profit taking and therefore and incredible dump and probably longer correction because many people get heard and burned.Especially the newbies who joined this space just a few weeks or months ago may never come back and believe BTC is just a scam or something similar.

not everybody having btc on exchanges for quick dumps when it starts ... and market matured over time pretty significantly so there is much more less weak hands than before, because everybody is aware "it will go up again"

Worst option is to have stop loss orders as price can bounce back up very quickly and those people will be burned.

The demand for bitcoin is growing. Can be lower prices from 4500 to 4300 and this was the correction? We simply do not notice it, and now bitcoin is gaining acceleration for his next spurt to $ 5,000. Can be even higher.

too soon to say the lowest prices now, i would wait until 24th Aug.

There is always an adjustment when the bitcoin value increases too fast, however, with what is happening with the current bitcoin, that adjustment does not bring too much effect. Bitcoin will still go up quickly.

There wouldn't be any major correction. Some small term ups and downs would be there that are way too common in Bitcoin market. Price will hover over $4000-$4500 for sometimes before touching $5000. But there is very little chance that Bitcoin would fall by $1000 now.

Yes, bitcoin as a potential digital coin has been experiencing hard fluctuations often. This is just because of the nature of bitcoin, that it is decentralized and the correction needs to take place periodically for a price stability. This is the one that is going on with the price currently.

Many analysts say that the recent rebound from 4200 to 3950 dollars - this was a correction.
But I hear a lot of opinions that soon a more severe correction awaits us. And the price can drop to 3000 dollars. It upsets me

yes the correction can be of 300 to 400 USD and not more than that. i think still the demand of bitcoin is increasing and therefore there is no chance that the price of bitcoin will come below 4000$, people are even expecting the price of bitcoin that it will easily cross 5000$ in next few weeks and therefore people are still confident to hold bitcoin, and get more and more profit.

The correction of the market value of Bitcoin is in progress and may likely reach negative ten percent before any further move towards  $5,000. Its lowest market value today on Bcn.com was $3,975 which indicate - 6.87% decline and before it can get a momentum to reach or break $5,000 resistance, correction may likely reach - 10%.

I'm also expecting for a rise in this range. Maybe there will be more forces favoring a price increase when we see people dumping BCH to buy Bitcoin.

I think the correction is coming.
But i believe after correction bitcoin will go up again slowly
Because from year to year bitcoin always up.
And nothing compare with bitcoin

i do not think that people are caring about correction. they are too much confident about bitcoin and therefore they are still interested to buy bitcoin. i think that the bitcoin price will very soon start increasing again and therefore, i think it will be good if we hold bitcoin for next few months, as it is expected that the bitcoin price is going to cross 7000$ at the end of this year.

It's still rising bit by bit, so IMO the correction would come later still. The question now is at what level would it correct to.

I think it will test $4000 first and maybe $3800, before trying again to get past $4500.

Your concern turn out to be true as Bitcoin was not able to go beyond $2,400 and is now hovering in the vicinity of $4,100. This can be the little correction that Bitcoin has to get so that it can come back much stronger for the coming week. I am hoping that this time it would conquer the world beyond $4,500 and will be going towards the $5,000 mark as soon as possible.

Might be or might be not. As we can observe that the price of Bitcoin picking down. You can be called it correction. But, I expected 5k in the next 2 months, sooner than I anticipated.

Oh my, I think bitcoin is at the correction period already ;D

If not because of correction, bitcoin would have reached $5000 USD Mark by now!

We are at the top and I believe it's going down soon...
But so far my predictions have been wrong...

yes that is right that your prediction is wrong, because still there is no such possibilities that bitcoin will fell down anymore. i am sure that bitcoin price will continue increasing for a long time because still there are a lot of potential in the price of bitcoin to increase, i think those people who want to invest in bitcoin right now they still have good opportunity to make profit from bitcoin.

I talk about the price for the next few Months...after it will rise again.
One can not be always wrong...If it were so I would sell my opinion and say that one should do the opposit (lol)

i do not think that it is such a big dipt, i think that it is very normal to bitcoin and for most of the time we can see that the price of bitcoin fluctuate between 400$ to 500$ differences, therefore it is very normal to bitcoin, and hope that very soon it will continue increase its price.

Essentially every time we expect Bitcoin's price to correct itself or just drops back hard, it does the opposite, just wait for price to go high as $6000 before the next upgrade and then going back down to $4000 and staying there for a few weeks just to raise again, people know about the possibility to double their coins with hard forks and nothing will stop the price to go higher because every body is buying no matter what the price is.

As of now there is no reason for a fall back . Infact the reason to rise are more than fallig . Even if it drops if will be a small correction which will rise back again in short time . If you co serine a major fall like 500-1000 points then it does not seem to at this point of time .