Bitcoin Forum

Goldman Sachs analyst Sheba Jafari predicted this last month.  If this is correct, the worst is yet to come.

Now anxiously waiting for that $3,000 BTC price to come. :D ;)

https://www.coindesk.com/4800-goldman-sachs-analyst-thinks-bitcoin-price-heading-higher/

"With that milestone hit, Jafari predicted, the price could climb to as much as $4,827. But she went on to caution that the market could correct, sending the price tumbling below $3,000."

The corrections are a normal thing - the question is, will it skyrocket higher than it did before?

Who knows but cryptocurrency trading is a weird beast...once it hits the floor, it bounces hard then gets a boost from the buying energy and likely punch the old ceiling. then the cycle begins anew.

...or is it just the optimistic me talking? :D

Come on you call this a correction...?

This is far from it, this is all panic which should stabilize soon once people realize bitcoin is safe to use

I do believe it will happen before the end of the year. Corrections are a necessary part of growth. Have to cut off the fat in order to stay strong.

Correction has many factors...cashing out gains, external influences (government, negative news), and panic selling are among them. 

Surges/Jumps have the same, just the opposite.

Lol, it's the same pattern as you see in regular stocks. The only difference is that the cycle lengths are smaller, and in that sense more extreme relative to time. It will happen next month, and the month thereafter, etc.

Keep in mind that bitcoin is still very volatile and we should already be accustomed to it. Just remember that in June, after setting a new record high at $ 2,800, by early July the price had fallen to $ 1,800, a drop of almost 40% and then rebound to the high levels of recent days. So I think we should not be scared and take the opportunity to buy while the unsuspecting sell.

All the positive predictions which are made about the price of Bitcoin will become true sooner or later. I don't think the correction will take back the price to $3000 but may be $3500. We can expect $5000 after November.

Frankly its a very good buy opportunity as the prices have dropped almost now 700$ form high and future seems to be bright. Though there is a little correction has taken place due to which the fall is happening form past 2 days. I would not panic much about this as bitcoin is volatile and we know the strong rise that happens after this fall with bitcoin.