Bitcoin Forum

With Bitcoin price falling below 7,444 USD today, is it right to say we will be experiencing another round of market correction for the next couple of weeks??

You never know in cryptocurrency markets. It is clearly a correction but there are people saying that this is a normal healthy correction and then the upward trend will continue, and there are others saying that we may enter a bear market for the rest of the year. I try not to focus on market movements but on investing in great projects and following up on their delivery.

Exactly were now i  the middle of correction days, and as bitcoin had undergo bearish market people think to if negatively. Some were starting to lose hope, but still holding even though they're  stressed out by the quick price dumps. Not in general thoughts, because there were coins also that started pumping specially altcoins which was new in trading sites

It sounds trite, but no one can tell you for sure what awaits us tomorrow. But do not worry and be optimistic!
There is always a falling after growth. And there is always a growth after falling  ;)

Correction or not but there's a clear thing that is obvious to our naked eye. The price is falling down so this shouldn't a question anymore as this happens every time when the market is slow in pacing.
Everyone just prepare for this type of scenario so you won't get surprised.
It's true but the growth hasn't been seen for awhile as the market is still trying to recover.

it is very difficult to predict the current market and the decline that occurred is very surprising to everyone. which is sure the market will not be stable in the near future and the movement up or down we can not guess.

You could say it's a correction, I say it's just the whales lowing the price so they can load ready for the bull run that will come during June/July. Then again i'm no market expert, but history says that this will happens so lets see.

I shown now the marketcap was decreased again that why mostly all crypto down.  In my opinion this is just correction and the price will going up again,  the crypto community still strong, though any bad news but this thing just make effect in temporary. Don't panic and just hold your coin for profit later.

maybe it is a correction, but in some hours the market can change again.

i think the market has been fluctuating a lot for weeks and it is difficult to say in which direction the prices change.

sometimes it is up like slow rocket and sometimes it is turn down like a star fall, yes we were in correction price ATM. this week the price are turn down very fast, I don't know what happen with that things. I just try not to panic with my investment, things that I can do it just hold mine and waiting for something better.

I see the Cryptocurrency market undergoing many changes for the future and self-correction. because it is useful to know how far developments that occur in Cryptocurrency itself. and to seek for the future, and to improve again for a better future. so with this, the market goes to correct itself.

The correction will be as long as we stay under 20000 us dollars, so yes we are going through correction for a long period. The market is consolidating and this is going to take a while, so be patient and strong as the time goes by. Don't give up and good luck

I agree to your comments, investing in great projects who are focused on achieving set milestones on their roadmap may be the best to stay above the gullies in the market.
You got a nice signature by the way  ;)

indeed, because market conditions like this, most likely the market is still in the bloodbath for the next few weeks I think. but still optimistic the price will rise again with stable until at least $ 10k or up

The price of bitcoin falls again. We can not wait for the price to rise. I do not even know whether the market will go up? Maybe the bitcoin price will rise at the end of the year? I want to believe that there will not be such big price drops as in 2014.

A very good point made there. I know a couple of friends still making money irrespective of the market corrections.
There are always some hidden gems in the market one can leverage on in seasons like this.

I think we almost had a similar scenario a few months back. But no one can say if the worst for this year is over or something much worse is coming.
Although i anticipate the better days returning, but i a feeling hidden within me says we not experience such until next year.

Yes, everyone thought after the conference, like last year everything will fly up. Since 2015, every conference has been a catalyst for the growth of the cryptocurrency. It was forecasted that by the beginning of June the ethereum would be under $ 1000. Today's decline in the market in general is difficult to understand, I did not hear any negative news.

I guess this was final (or one of last  ;D ) tries to dump price and let whales buy cheap before new skyrocket. Personally, I bought Wanchain and other cheap tokens + some bitcoins and as I know - most smart traders did the same.

The market was already experiencing a correction before the massive drop that we saw yesterday, but the massive btc dump triggered a dip in the entire market, as usual. But I don't think it's gonna last several weeks (that's very pessimistic), I think that, sooner or later, there's going to be a lot of buying power due to the low price and that will push the btc price up meaning that altcoins will follow the uptrend. At the moment of this post, green numbers have are finally showing up on the charts, maybe the downtrend has finally stopped.

As at the last time that I checked, price was around $7551 which means a gain of over a $100 for anyone that bought at that price but rather than people taking opportunity to act, we chose to complain and ask question, cast doubt as to whether recovery is imminent or the end is now. Correction or not are normal things to happen in the market. Its also an avenue to make the best out of every situation.

No one really knows on whats happening on the market today and if you do try to look at on some news or whatsoever we cant see anything but still the price is declining and the over all cap is draining out.In this case for newbie investors for sure it would shaken off themselves and comes to panic which they arent aware on the things that do happen on cryptomarket but for smarter ones are already trying to buy cheaper coins as of now.

Yes, we can assume that we see now, a new market correction.

I can not say that the situation is now some kind of fantastic on the market, but we also do not need to cry now. Many simply could have expected some super results from the concession of 2018, and now regret it, that nothing happened. Although I generally learned about this event only this year.

It is difficult to say whether there will be growth after today's correction. There is no consensus on this issue. Some believe that bitcoin will continue to fall, and someone says that soon there will be a sharp increase to $ 25,000, for example, according to Tom Lee, an analyst with the Fundstrat

It seems to me that the price will fall. How long and how much will fall, no one knows.
The volume of trading bitcoin also fell significantly.
It is difficult even to imagine how long it will take for the market to recover to its former volumes and prices.

BTC variation is normal. In a moment, there will be a good price for investment. The price for the sting will be very good for it.

It is more than clear that it is not the market that is going through a correction but yes the Bitcoin the others only follows its trajectory, when its price is high the market is on the rise. Thus at any moment the market can return with a great possibility of high with the increase of Bitcoin proving the sovereignty of the same.

I don't believe that we are going to see another correction so soon. The market is violate as always have been and it is very sensitive to any news, but that is all in my opinion.

It is my comment about that because I see somebody saying this is just a good correction and with this, we're going to enter the bear market that is going to skyrocket and I'm currently better focused on the altcoin I hold and starting to invest in a promising altcoin

correction when this happens it is reasonable. Indeed many have bad predictions, but basically, the correction of this one has the goal of growth for future later. Indeed there has been no sign of when the market will definitely back up but if correction is completed will certainly make its regrowth.