Bitcoin Forum

It is common after rising the  a correction is happened,
Do you think correction  to Bitcoin will be happened soon & what is the limit?

I estimated from TA  that it might reach 8000 usd -8200 usd,
Just wondering and I am looking for better advise and discussion from expert here in this forum

Since $7000 I see correction...and I was wrong...
If you buy now...be able to be reactive because it can fall suddently.

Correction is always possible,
I dont think the correction would be soon.

It is so bullish
and this rising is under 4 billion usd volume (24 hours).

It is big and it is not easy to correct a big bullish market.

I would estimate for correction soon,
Big market may need to cash it.

I also agree that a rise was likely to form a downward to its previous support,
It may be at about 8100 usd

It is just so bullish.
Lets go higher

Already in overbought condition. It will take some time to get corrected. But it will...

almost all coin already overbought i thought.. probably start on december, all coin will be correction.. all trader certainly know about it.. ;)  :)

Maybe yes or no, it possible there will be correction happen by this month of december. Though it is bullish, yet I hope it will continue be increasing the value.

The strange thing is that bitcoin and etherum prices are going up at the same time.BTC went from 8100 to 9000 USD and ethereum went from 395$ to 470$.I thought that the correlation between the two currencies is opposite.When btc goes up,ethereum goes down,but this isn`t happening.Is someone (some big corporation,bank or some billionaire)buying lots of btc and ether at the same time?
If some big whale is buying,he will hold,so i don`t expect a price correction to happen soon.

The market is way to bulish for a correction to take place. Bitcoin is showing signs of real adoption and it's definitely going mainstream, so it's impossible to sell right now. I think it will continue to grow like this until it's close to the next big psychological mark of $10k. This will be a very important barrier for bitcoin, because it symbolizes the hitting of 5 digit value. So I'm assuming BTC will hit $9800 or $9900, and only after this will get a correction, but I'm not sure it will go under the $9000 mark once it gets these new ath. After some consolidation and with the futures market arriving, it will probably bust the $10.000 mark, and who knows where it will go from there.

Might see Bitcoin go up to the five digit mark before any sort of correction happens. Remember when all of the bubble accusations were flying around when Bitcoin was around the $6k mark? Feels like it just absorbed all the negativity and turned it positive, pushing its price all the way up to here. Now there's literally nothing which could be considered as an obstruction in Bitcoin's course and any sort of correction seems unlikely until we reach a point where a new set of bubble call outs come along or more countries resort to banning Bitcoin.

That would seem likely if we were at a short term period with more vilatility but right not were riding on a day where BTC reached yet another all time high milestone at 9000$. Perhaps from now on a correction would be more likely after the rally settles.

I also think there will be a slight adjustment before the bitcoin to the new $ 10000 mark. With the increasing demand of investors, the value of bitcoin will not stop.

Bitcoin is guaranteed to come in 5 digits, and if it reaches $ 10,000 at the end of this year, there could be a huge price increase in 2018. I think it's like a car now and the brakes are moving in burst.

if you are talking about bitcoin, hell , no, there is not going to be a new correction because the price is upto $9200 each bitcoin at the moment.

And you created this post yesterday, and the price was less than $8200, wow this is incredible, i have never thought that bitcoin was going to increase so fast during the last few days.

And 14 days ago, it touched less than $5400, it is amazing guys, lets just wait a few more days or weeks, probably we are going to see bitcoin finally touching more than ten thousand dollars, this is going to be the best christmas gift that i would ever receive.

Bitcoin is on a parabolic advance right now meaning it's going to scream up until something stops it. I wouldn't expect a correction until possibly July when the united states are scheduled to start talks on regulation. Rember when china regulated ICOs, best buying opportunity of the year, bullish.

Parabolic advance chart: https://pbs.twimg.com/media/DOtDqOjVQAAGX58.jpg

Regulation: https://cointelegraph.com/news/icos-flow-continues-as-regulations-fall-around-the-world-expert-blog

It had a bearish time during the last few days, i dont see any reason to see it going down again, and you should know that it is going up so fast at the moment.

maybe it will be touching more than $12k by the end of the year, i dont know, nobody can predict it at the moment because the price is super weird right now.
but i dont think that there is going to be a new correction, but if there is one, it would not fall for more than $500 or $1000, and honestly, $9300 is super high, i would not mind if the price goes back to $8000.

All of the people here will just give you an intelligent guess but it doesn't mean that you had to believe and follow it. The last time when bitcoin dumped from $7,200 - $5,900 so that was a thousand bucks. And right now with current price of $9,200 it can go back at $8,000. If you will wait for that moment you should monitor the prices all the way since the market is very volatile and is reacting very quick.