Bitcoin Forum

Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

I suppose we're currently in a FOMO period and everyone is buying Bitcoin with the hope the price pumps with the halving.
However, there are also indicators showing us the price can dump before the event like the trading volume declining, the current economic situation, the high unemployment rate...

There's still a good possibility the price will keep going up. Possibly as high as $9000.

To be honest, this market is really unpredictable as we've seen least expected thing happened multiple times. With the fomo flying around and people getting into bitcoin because of the upcoming halving, it is safe to say the market will hardly experience any tangible corrections but however, we've seen unimaginable things happen in this market so it's still a two way thing.

The hype around the halving  is pretty strong and as such i don't see any dump correction coming soon but maybe after the halving as people will continue to but prior to the halving with the hope of selling at higher prices if at all the halving pump up the price. The possibility of the price seeing correction immediately after the halving is pretty strong as everyone will want to cash out profits

No one really knows! But I believe the current surge in price is fueled by the "Fear of Missing out" of FOMO as correctly pointed out by LeGaulois. People who are expecting big bull run post halving, have started buying out of FOMO which is currently pushing the price higher. So a correction may come for a short period of time by the normal rule of market. But it may not happen as well. If we look at the history, we have see huge price surge post every previous halving. So people are trying to enter the market so that they can take out some big profit.

But anyway, we are speculating here and really not certain about what's going to happen! So keep mum and watch the market.

I would say highly likely. But there is no way to know how high it will go before correcting. Maybe the just under 9000 it posted already today is the top of this pump and we'll see a correction back to 7000s perhaps in the next few days. Or maybe it'll keep pumping to 10k or 11k. But I would personally say with high confidence there will be a correction back to around 8000 or likely under 8000. Personally I sold my last bitcoin trade at 8930 and I've got all my buy orders set from 7820 to 8600 right now, and the 8600 one already got hit.

I think it is unlikely that the market doesn't touch back on that previous resistance zone of high 7000s to signify that it is now a support zone. But I also don't think it'll spend much time at all under 8000 from here on out, and expect 8000s, 9000s, 10,000s to be the levels for the month of May.

Market seems very bullish for the past few days so we may expect a correction soon but not a dump just the correction.But we never know how long the price will increase before the correction happens so its better to buy now than waiting for the correction.

I'm not seeing a correction because price has not had a bull run for a long time but has gradually moved up to what price is selling now. This might continue until we see the halving come. Even for correction, it could be slight rebound and continues bull.

The market is going by the historical surges when it reaches the time of halving and then we will see periodical minor correction and then the market testing the higher resistance levels and after a few months after halving we usually see a huge rally breaking the past all time high valuation, there are familiar scenes for anyone who have witnessed halving in the past but what happens this time still confuses me as the economic situation is not that strong like in 2012 and in 2016 and will the economic situation prevent the bull run ?

I bet those are speculations, just trust on your speculations of how the market will be in the upcoming week, to me I see a correction already last week was really red. And all altcoin with bitcoin and ETH has just picked up the bull run. Just have fingers crossed and follow up some F.A.

Price correction is inevitable and you should always put that in mind but people cant really avoid not to think about FOMO thing where this price can possibly shoot up even more on upcoming days or until
on halving time.No one really knows.!

Dont know about that lots of talks about 10% price dump which you shouldnt really rely into these information because these are just pure speculation and doesnt have that precision in towards
predicting prices.Serious? anything can be serious because the market can easily fucked you up big time. 8)

Most markets look to be going up (that aren't directly linked with certain commodity prices), I think this run can continue until the tranditional stock markets start to see a fall again - at which point I'd expect bitcoin to breakout in a certain direction (most likely down but everyone's cutting interest rates atm)...

We are almost in 9k mark as of today. I guess 10k is very easy to reach in the coming days.
But if you are a btc holder or investor, just be alert on what's going on.
Better to have small profit rather than have nothing or in the losing end.
But I am more inclined on the positive side, bitcoin will rise even if we are still in the pandemic situation.

I don't expect too much of that in the next couple of days to go, but there's always a random situations that might occur which we didn't expect. Just be calm and always be ready, because who knows there's a huge spike that initiate when the full recovery happens.

There's no stopping if people are into FOMO, when we touch $8000, I think there is where it started, as you can see in less than 24 hours we almost touch $9000 with a +10%. We are like 10 day prior to halving, so I don't think that FOMO will stop until the day of the halving itself. So the best way to sort of mitigate this risk is to really be attentive, simply watch how the market moves so that you won't be surprised if a sudden dump appears. If if we hit $9000 today? obviously five digits prior to the halving is possible. And there's where the fun starts again.

As the price went over $9000, yes im expecting a little correction because it makes the market healthy unlike the 2017 bullrun where the price went on a parabolic rise to the upside without consolidation or pullbacks which lead to a long term bear cycle. What im looking for is the price to have a small little breather with the next coming weeks and continue its rally. This indicate that the market can push through new all time highs.

We just got a pullback already from 9400+ down to 8500+. Wouldn't be surprised to see it dip a bit further today.

When I do technical analysis in detail, I see that all support and resistance points are constantly broken upwards. Under normal circumstances, I was expecting a correction movement, at least in the range of 3-5%, but it does not seem possible in such conditions. In particular, there may not be any price correction to think that many investors are perceived to be on the rise and are making continuous purchases. I repeat, this is not a healthy price move, so it would be beneficial to trade carefully. There is a very critical process ahead of us, the price can change direction unexpectedly or continue to climb up unexpectedly.

it looks like opposite happens?because we are now in Bullying market reaching 9300$+ with 18% growth just for today?

but of course correction is always next to Pump so maybe there will be a slight correction before the halving couple of weeks before coming.

Actually there are some Big price for the Halving time prediction,

https://bitcointalk.org/index.php?topic=5244732.0

Check it out for a chance to win lol.

Everyone is expecting for the crypto market to reach another all time highs particularly before halving comes. But i think what we have at the moment is just FOMO that everyone tempts to buy and hopes that they will make profits from it when halving is finally here. But history can tell that before an expected halving appears, another price correction will happen. This is not new to us so let's just prepare for this once happens.

I wasn't dumped hard. We may have to wait a little longer within a week to see if it goes back to $6k, it would be very shocking to see if it's going to drag its price below it. If someone really will dump his stash I'd be holding for a long time then. Crazy shits happen when you know the price is pumped this way. It's just not normal to see it go extreme swings up to 18%.

I'm not sure bitcoin will dump around 10% before halving occurs. Seen prices in the market are now increasingly rising, this is a sign of
the price of bitcoin will continue to rise until halving bitcoin ends. If until correction happen, it is likely around 3% -5%. For me, if it happens,
opportunity to buy more bitcoin. Because I'm sure at least bitcoin can reach $ 12k this year.

My analysis leads to a slight correction, but I am still hesitant for large or only a small amount. Clearly it will happen later.

Well, this is speculation, it might happen but it doesn't have to. Some correction already happened after quite a quick rise but how far this will go and if further corrections will happen that it's about to see in next days. However, I don't expect some hard dump that should worry us
But now it's the good moment for daily trader to profit.

I am not expecting a correction.

A correction is a term that is used to describe a reversal after a significant market movement (usually over a short time frame).

If anything, the current bullish momentum is the correction following the events of Black Thursday, which saw BTC and most other cryptocurrencies get absolutely stomped in Mid-March.

I dont think we'll go far below $8,000 until some time after the halving (if only temporarily).

Though I don't know the future but what I believe is, in the next weeks, Bitcoin price will have correction or dump! So, take the profit now and don't be greedy! Halving date is not important, it's just a hype, we can see price increase about 1-2 years later! In twitter, I saw many people keep telling to take profit and be prepare for a dump! Today's growth was really unexpected!

How sure you count (halving) if it happens to Bitcoin, that's the truth.

No one can believe the decline in the price of bitcoin before halving, predictions and various corrections arise in the market some say $ 8,000, $ 7,000 and so on.
Clear for now the right time if you want to invest and buy some Bitcoin to invest in futures, clearly this is all returned to yourself, confidence.
People only give opinions of your own considerations and actions that determine profit and loss.

I wish you good luck when the time comes.

We are around $8.9k that is not really that much drop honestly, the world is actually getting used to bitcoin right now because we became the biggest year to date profit machine in the whole world even with corona on the way. Almost everything lost money year to date, some of it break even barely, some of it actually went up but dropped after corona, we out here making 20%+ profits on YTD prices!

Correction will probably happen a bit more, but I do not see anything huge, from $9.4k prices to here we already did had a correction, that is all there is to corrections honestly, you do not need to have like 2k drop or something to call it a correction, just a 500-600 drop is more than enough to call it a correction and not expecting anything more from it.

When we do talk about correction then this one would pertain with huge price drops but if we do talk about a few hundred dollars in terms of drops then
it would really be just called a typical movement here on crypto space.Of course these kind of movement are just normal and also that so called
correction does really have that possibility to happen.

Hoping that we shouldnt really dtop that hard for us to see some 5 digit price once again for this year but well, we wont know if it wont happen
or that kind of correction is just on the corner.

Agreed that the current upwards movement is a correction from the panic sell back in March.

But also I would certainly describe a drop from 9400 to 8400, which we already had in the day after the pump, as a correction, and I bet it goes lower still.

That's not a correction but rather a hype due to the upcoming halving. This is common scenario that bitcoin pump to an incredible percentage just like what happened on previous halving. The big drop from 9400 to 8400 is what you called correction due to sudden price charge. The march panic sell already corrected when the price reach 6000 to 7000 range on that same month also.

This big price movement is just a hype that whales always do to manipulate price by using the halving event.

Actually not in the next days but always. The recent price increase drove speculation that we might see another leap so others join the party. FOMO or not, should be taken seriously and don't be carried away although it's always a good entry point at below $10,000.

What should we expect in the next following days? Damn, that was really unpredictable. If you think halving can bring the price up without any hype, then just made an entry point today. Honestly, looking at indicators will just give you more confusion although always take note of what they are directing and considered that as your reference.

Exactly, I mean yes, 9400 to 8700 seemed like a huge 700-dollar drop but gotta remember we've been pushing and pushing for so long, the retracement was bound to happen, if it were a dump, we'd have pulled back to low 8000s for sure.

Good signs of strength on Friday, I'm guessing we'll see a return of the weekend bulls.

No. Halving is well known about and is fully priced in. Any pump is not due to halving. Pump is either from whales initiating a pump and retail market following through or from the price simply continuing to correct back from the pandemic panic dump, or really more likely simply from the natural occurrence of the market pushing on a big resistance zone until it broke and then as what often happens if shoots up afterwards, then corrects downwards - that is an exact description of what happened the past two days. The market is not suddenly hearing about the halving two weeks before it occurs, it is an extremely well known event.

Nothing is priced in until it actually happens.

Every fifth post in my Twitter feed mentions the halving. Bloomberg and CNBC are talking about it. It's definitely being hyped. If nothing else, then the surge in longs can partly be attributed to it. Plenty of people are speculating on a price rise after halving.

You're probably right that whales initiated a pump and retail followed, but that's just one angle. The narrative of the halving also plays a role. So does the tight correlation with the stock market. So do the technicals.

Whether they initiate the pump, it's hard to tell whether they feel the FOMO or will they dump soon. The 9K resistance might prevent the breakout to further reach that 9400. I doubt the FOMO can help break it so the possibility for the price to dip to 8000 is high. $8k isn't even a strong support level.

But then I can say a good start for halving FOMO. After halving it will be another pump.

You should and you must have to expect that all the time. This kind of whales trick isn't something new to us, we have that before and that 2017 is showing how whales get huge participation to that unexpected dump. If we closely check the market movement, the market correction will possibly happen and I'm afraid how newcomers could deal with this thing knowing that they are expecting a lot for this halving.
Not only noobs should take this seriously but all of us. The market seems too tricky enough that might catch us someday.

I don't think the bolded is remotely accurate. Of course news can be priced in. The halving has been talking about for a very long time now, everyone in the market is aware it's coming. If nobody knew about it and then someone this week stumbled upon the halving in the code and the news spread and the market pumped then yeah sure that would be an obvious reason for a pump, but obviously that isn't the case. The halving as news is well baked in to the current price. There might be whales initiating pumps or dumps around the halving just because everyone is speculating what is going to happen so whales might play into that to create extra volatility and therefore profits. But the halving isn't suddenly making news that would drive up the price like that. And the halving as an actual event (not as a news story) is a non-event really, as its effects will be felt over the course of many months to come.

If the halving wasn't priced in until it occurs then the day of the halving we should see a huge pump that makes this look tiny. Of course, as explained above, that's not how things work.

Now, just to be clear, I'm not saying the halving narrative isn't playing any role. Sure people are excited about a rising price coming into this halving, but considering everyone already knows about it, no, the halving did not cause a 20% one-day spike in Bitcoin two weeks out from the event. There are much more reasonable and better arguments, like bitcoin correcting upwards for the vastly oversold panic sell of March as well as simply that the price broke through resistance so it pumped afterwards as you would expect it to do plenty of times in that situation. I mean hell the night before it happened I figured it'd probably pump well into the 8000s if it broke through ~7800 resistance because that's just how the market works, had nothing to do with the halving.

Like you say, its multiple angles, but the halving is only a small piece of that. I was responding to a comment that tried to lay halving hype as the whole reason for the pump, when it likely didn't really have anything to do with the pump at all. Sure the overall macro environment of the market is bullish due in large part because of the halving, but that is an environment that lasts for many many months, here we are talking about a discrete one day pump not the overall recovery from the bear market of 2018.

No one can predict the market so how do we get any price correction then? Whales doing could reflect in the market, yes, but I don't believe they are the ones behind your so called price correction. Whales are pretty clever coz they don't want their money to be liquidated, they won't let us guys gain from their money. Don't expect that much for the halving this year, the whole scenario is completely different from what we had back then, if we want to pump the price we are going to need a lot more than this but I think we are all scared to go for it.

Any reason why the price rose for the last few days? It's just the same as when the price goes down. You can never truly tell what could happen. All I know is that there are millions of USDT injected again into the market and then the market risen above $9000. A correction for sure is about to happen and it's not because of the halving, but the people's decision.

Halving hype or correction from the fall, both are valid points and both could be the main reason for it, just sharing custody of the increase. The price was already around 9k levels when the corona virus panic all started, it bottomed at around 3.6k which we all knew was just way too undervaluing bitcoin, it bounced above 5k literally in a day, and tried to break over 6k for a week or so I think.

That means bitcoin did a recovery which could be called reverse correction, why wouldn't the price be high when the whole world is doing worse, plus countries printing money making their fiat worthless. So, I think that is a valid reason, but halving is getting close as well, there is like 10 days or so left, which means that is a valid reason to increase as well.

They always act in the unpredictable way, so if everyone expecting the price increase they may manipulate the price in opposite but due to corona the prices already went too deep now its starts to recover so I don't think whales will again manipulate downwards so if there is a correction it is supposed to happen.

We may still be in the state of FOMO as halving is really soon but correction may still be possible like what happened before. The price of bitcoin right now is not bad at all and correction might hurt a little but still, an all-time high may still compensate the changes in price regardless of whoever comes first ATH or correction. During this period of crisis every asset is valuable, however, changes on the price may also affect us but still people nowadays find cryptocurrency and BTC are more secured to invest with rather than investing in other businesses that are experiencing difficulties because of economic recession. Nevertheless, Corrections and ATH might be possible regardless of the time but cryptocurrency will definitely be able to recover faster than expected.

Yeah, and probably just another FOMO again, maybe newbies are caught and doesn't want to miss the boat so they fuel their funds on bitcoin market pushing the price again, above $9k. And as fast as it rose, the market goes down again around $700. The good thing is that at the current price, support is very strong and we might see this as up to the bitcoin halving date. Healthy correction, 10 days left before the halving, so I will be optimistic that there could be another push to hit that five digits again. But don't expect any all time high soon though, it will take some time after the halving.

I'm glad bitcoin is on the verge of 10k and holding what looks like a great support position. Hopefully everything is smooth and no FUD for the halving

Honestly the halving is meaningless but it creates a lot of talk and news which is great.

But is it? And how would you ever know when it is?


So what? Lots of people think the halving will catalyze further price increase. Lots of people also thought they could buy in below $6K and are now chasing the market up. There is plenty of overlap between these groups. The mainstream media hype is an added bonus.


It's getting baked in. Plenty of bears were saying the halving was priced in at $7K. I certainly don't have evidence to prove them right. :D

The cost of Bitcoin rose significantly in late April, and then there was a correction of a whole thousand dollars. These are huge price fluctuations. The halving occurs only once every 4 years, so I think that during this period we will definitely not see a price flat. Price fluctuations are now inevitable.

The volatility will continue to exist as halving is near and also good time to people to buy during dips and book short term profits. Though for traders this could be risky yet rewarding if the buying/selling side is right with the markets move and could make some good money in this market.

That true correction for the next day after bitcoin raise up last days, always have moment after bitcoin pump will dump just wait when its happen, some time one day or several days later for bitcoin dump after break out higher price, but other time just few hour after up bitcoin go down.

Yesterday, bitcoin price can get dump although not much but that is worth to buy because today, the price is back to $8,900 and hopefully, the price can be back to $9,000 again. If the condition can be like this in the next week, then the price can have a chance to increase higher and maybe the price will increase more than $9k. But we still need to be careful because bitcoin can get another dump anytime.

There was no correction going on at the level people are thinking. We already had one that dropped the price from 9.4k levels to 8.8k levels and that was correction enough. If anything happens nowadays I am pretty sure it would be simply just bitcoin moving downwards normally, not a correction but just a sell off, and I do not see it happening anytime soon with the halving coming around neither. So, what happened already happened and right now its time for buyers once again.

Bear callers have been really dreaming about the drop in march and I get it, they have always been wanting bitcoin to fall in price and it did and they were very happy, but that period is now over, we were over 9k and still close to it now, so it is bulls time to show what they are made of.

I hope there will be a correction but a few more days later. Since there has already been a correction and now going up again. That means there will be no major corrections before halving. Because huge amounts of usdt are being injected in the market, which is controlling the price now. If you look at the marketcap of usdt then you will understand how much usdt is being printed everyday. They printing millions of usdt everyday. So I think bitcoin won't go into a big correction before halving.

it can happen because the market is driven by money guys. If the long orders on margin trading are high, the sharks will sell and kill the Long and then it will cause the price of bitcoin to rise. In fact, the volume at margin exchanges like Bitmex, Bitfinex and Binance is huge and that's their main goal. The shark could earn millions in a few hours of such manipulation. So whatever happens in this market, we need a cool head to analyze.

Aside from halving, no one knows what is pumping the price of bitcoin, which means that there will be changes in price, i.e, fluctuations, which is what we are now seeing. bitcoin keeps going above and below $9,000. With the situation of things and seeing hoe imminent bitcoin halving is, the price of bitcoin at the moment cannot go below $8000 no matter how serious the correction is.

Manipulation is always there neither we are on a traditional forex or here on crypto space.Those activities are happening but identifying or finding it out on earlier phase is impossible
thats why small traders like us do really know on how to ride with the waves that might cause it.We cant predict the movement but utilizing our positions to make gains.

Market is always been unpredictable and fluctuations is always there.We cant see a market that do continuously rise which of course we would really have corrections
because theres always a point where selling off do happen. Correction is anticipated from time to time but its good to see that the current price is holding.

It can't be ignored, mate. Dumps come after the pumps, it was something to tell that people aren't just holding forever but sometimes they throw it away when they are already in the profit and make buy back again. This is the significant effect of market trading and we can no longer change the system. The volatility of the crypto market will the only thing that will last forever.  And maybe we are so thankful that way because that is the thing makes us more profitable. 

Undoubtedly it is the cryptocurrency volatility that attracts a greater degree in order to get a good profit.  But if this happens forever, as you said, then we must forget that cryptocurrency will be used as a means of payment.  in my opinion, money should be more stable and I hope that for example Bitcoin will increase in price by a hundred or a thousand times and stabilize at such a high level.

People are still taking profit and the correction is still much possible. However, this might get more serious as halving is closing and very near. Bitcoin have been struggling to break the 9k mark and today it was 9k but drop again drastically below 8.8k

I am still waiting for correction, atleast to 5000k level, if you check Bitmex, you will see that around this level there are the biggest orders, so whales probably awaiting next dump. But it could happen in summer or lately, when Bitcoin will not show enough power to break 10k resistance line.

The hype of the halving is really huge and it's got everyone FOMOing and with my experience, when there is a huge fomo before any event in this space, the particular token in question hardly dump untill the event is over and i see similar thing for the bitcoin halving coming up in the next couples of days

I don't know a particular token you want to point out.
But anyway, the current market flows aren't special, we surpass $9k but we did get back again. We can't decline such FOMOing thing and it usually coming back when the market tends to move high. The absolute thing this that, people can't be of the same thinking. Some are optimistic enough to find moving the market high but some also are on the negative side pulling the market to dump. That is why you can't able to see the market move straight its either going up or down.

The correction was expected due to the fact that, the bitcoin halving wasn't in before the price skyrocketed, nothing left us yo know that the market will experience a good correction. The current correction is $8,900 and even sometimes hit the $9k which is a signal that, when the bitcoin halving get started the market will go along way positive in price. The dumping is not seen as many holders are still holding their stash up against the bullrun. For those who aren't yet ready to get into the mode of buying should do that before they will be left behind like OP.

The way I see it, the price of bitcoin is recovering. Have you ever checked out how the price has been moving. Maybe the decrease you're talking about might be after the next halving has taken place, maybe the price might take a little fall back after the halving. We are not sure about that yet, but I have no plans to sell my coins yet, and not even a 10% decrease can cause me to sell my coins, even if that should happen I'm still going to keep on investing and holding.

A lot of experts have been predicting a bull run and we are not sure when that's going to be. I am happy on the performances of bitcoin markets so far after the corona outbreak. Like gold, bitcoin is also proved its worth being an alternate investment instrument to traditional investing opportunities.

Hoping for the market to stabilize and fully considered as a currency just like fiat money can do, is gonna be far from reality. Bitcoin is already existed for one decade but looking at the situation, people are still preferred to use fiat instead and volatility gets stronger. To know why it becomes more volatile compared before because of the trading market. The more it goes high the more it becomes a risk, and the more it becomes volatile. 

As Fiat currency is stable there's no difference in its price. Stays fixed in one place But Bitcoin is volatile Its prices have risen and fallen It can decrease and increase when happy it's very difficult to mention whether it'll be corrected within the coming days and the way much it'll cost. Bitcoin's price is rising at a high price it's never possible to stay it forever and everybody sells it if they create a profit But i feel if Bitcoin is stable then it'll never be possible to urge such a lot take advantage of bitcoin investment it'll remain stable in one place like Fiat.

I would very much like to using Bitcoin to stop the government’s monopoly on printing new money and creating inflation, because of which people's savings are depreciating.  but since the volatility of bitcoin is only increasing, getting rid of such a concept as inflation will fail and it frustrates me.

The big price moves almost always happen against the expectations of the crowd

That's basically one of the reasons why the majority of wannabe traders are losing in the long run. The correction will come, as any bull run inevitably and inexorably ends with a bull trap. And if history teaches us anything, this is a given. But we don't know when it is going to happen and at which price levels. But we can be certain that it will be brutal once it starts. We will likely see something like the flash crash which occurred in March but it won't be as short-lived

The correction happened just after the dump and when the market recovers but we cannot be determined unless it happens.but about the 10% price drop?it already happens but yet we are not gettin what we wanted to be specially this halving.
You come so far mate,OP is just asking about the correction and not in any aspects ,but yeah Bitcoin volatility hinders us all to find which will happens next and that is also the good thing about bitcoin as thrill is always there.

Correction in the crypto currency market cannot be generalized
Different altcoins have different starting points and also they experience bull run at different pace. Hence the correction would come differently

It is up to you to understand your portfolio and follow the guidelines lf doing your research

Yup. There we go, no 10% price dump and instead, a 10% bump and just 2 days to go to the halving. And then today another 10% dump to where we were 2 weeks ago. Pure psychology at work here, little much else, no knowledge or willingness to look at fundamentals just pure "it's getting scarcer!" buying.

Crazy days, but we'll see crazier yet!

Well, it looked more like a 20% correction

Regardless, things are going along the path that I had outlined (https://bitcointalk.org/index.php?topic=2552649.msg) more than 2 years ago. As Bitcoin's market supply is limited and will be even more limited after the halving, we should expect evermore insane levels of volatility coming. In fact, since the beginning of 2020 we have already witnessed the effect I described in that 2017 thread, though I didn't really anticipate it to reveal itself at these prices


Will glass coffins be a success? Remains to be seen

Always to expect that as known to be a partner of pumps.
Just looking at the current market movement, $10k in previous days and now we are already at below $9k. The halving had nothing to do this thing, even we are too positive with halving event but somehow, we can't still be assured of Bullrun. And it possible it drops more as people are already in FOMOing.

I think you're right there in saying not to be complacent about Bitcoin given its history, in fact it seems that the dump just before the halving is usually and what we should be looking forward is what happens after the halving since that's most important!

Ah right, I just opened the charts properly and saw the 8111 low. Lucky whomever bought that dip, as we're back at 8800 now, which made me think it was the 10% drop rather than the almost 20%. But you're right, if anyone thought volatility was going away, they're wrong. Add in the extenuating economic circumstances and we're going to see more Black Thursdays and traders will be encouraged to go in and take advantage. More broken hearts.

Glass coffins? Disney did their best!

The volatility is coming down as you saw in 2017 too. Bitcoin today has been highly indecisive which is as the result of halving influencing price. The determination of price now to me is not in the hands of whales but the investors are trying to make a move of leaving or buying more. This is the fud and fomo interaction. We see in few days how it will move after halving.

Maybe some of us will be surprised by the correction that happened today because the price reduction occurred two days before halving bitcoin, but I'm still sure even though they were shocked but they will remain confident and be patient to keep holding on to it because correction before halving is common, so there is nothing to fear because the next pump will definitely happen.

Sorry mate but we crashed again

It was likely a proverbial dead cat's bounce, and we are going to do that again and again in the coming days. Just testing waters now, I guess, like if there is enough support for a tasty and refreshing long squeeze, the BitMEX style. Let's call it a false bottom (buckle up as we come falling through). So whoever bought in may be forced to sell out at the end of the day
 

Vatican is second to none


I can tell you how. It will move in both directions, and likely not just once

Suits me, I always say. I'm really not prepared (or shall I say, not well-endowed in BTC enough) for any kind of big move this whole year. I've already been forced to sell for economic reasons, so chipping away at savings. Dead cat's bounce though, didn't that use to mean the bounce before the final nail in coffin? Suppose these terms take on new meanings in crypto.

What's your end game for bitcoin? For crypto?


Oh, definitely second to the not-so-eternal supreme leader (https://ichef.bbci.co.uk/news/660/media/images/57837000/jpg/_57837808_013599069-1.jpg).

Y'know when you play the game of coins there is no middle ground, so I'm all in

The difference is likely that I'm on the fence most of the time, actually on both sides of it, the short side and the long side. This way, I'm fine as long as crypto doesn't kick the bucket, and thus going to enjoy the ride while it lasts (hopefully, it will be a never-ending game for me) 


Kim Jong Undead

It will have a small little breather before the halving then dumps to $8000-$7000 level this it is only an speculation but according to every Halving event Bitcoin always takes a move to the downside before having a massive move to the upside. Even in the Stock to flow model this is shown in detailed.
The question is will it repeat again, this is probably what most traders speculates.

We have seen the corrections already, but it seems that bull are fighting hard to get back the market into the $9k before the halving itself. I think the main concern here is what will be the price pre-halving and then we will speculate after it. Yes, the price will not go on a parabolic rise, history has shown that. We really need to go to a downside before a massive gain is to achieved. Just hours from know, we will see what this halving will bring to the whole crypto market, including alts. As we all know that bitcoin has a big impact to alt market as well.

not surprising on my side but maybe to others because they expect the price will shoot up during halving times  . price decline all the time so ive get used to it  ,  better be like this so that it wont give me hard feelings for too much assumption for the price to get up  .  

shocking leads to panic selling too but to some maybe they can still handle the situation   .  most of us didnt knew too that there are correction before halving but thanks for the info  , now i knew  .  so the next time when there are coins that will halved we can reduce our anxiety  and maybe we can prepare a little bit in advance

Just after the last halving on 2016, bitcoin faced a negative trend which lasted up to a month. And there will be no compulsory for repeating same kind of market situation around this halving as well. I mean correction may happen around this halving and may not. But, we can be very much sure about every dips must be very good buying opportunities. I read already miners have started hoarding for double the benefits in coming days rather than rushing toward cashing-out their mining rewards immediately like how they usually do.

I was expecting bitcoin to be sustaining around $10k levels when this halving will be happening but it seems we are going to have bitcoin price levels under $9k at the times of this halving. It means we already had a correction and which might be the bottom for the current market situations.

You know, it's a difference that makes the difference

In 2016 the massive correction started about two weeks prior to halving, and we are already past that. However, back in the day Bitcoin had been slowly but steadily rising for almost 10 months (since September 2015 till mid-June 2016). It has never been the case this time as we crashed to 4k just two months ago (March 12) from nearly today's highs

Further, after the 2016 halving came the Bitfinex hack in the first days of August, and Bitcoin crashed from over 700 dollars down to nearly 500 dollars. Okay, we can't totally rule out something like that happening once more but if Bitcoin is to fall so much, it will be more like BitMEX going after margin traders (and their money) all over again

We cant really eventually tell if this would really be the bottom.Come to think that when bitcoins price touched up 10k then lots of people already presumed that this might be the new bottom since
the price had rallied but it did make some corrections going back to 8100.This is the hardest part when dealing up with this market where anything could happen in a blink of an eye.
History can neither repeat or not thats why it isnt precise if we do just rely on what would happen in future on just basing up on the past. A healthy market would always have that correction
which should really be put up in mind.

Corrections are always possible, with or without halving and I think by known this is a well known fact.
However, such annoucements can make some users make bad choices. If they beleive the price will fall they might start selling. And it's true that is very hard to tell what exactly halving brings and I'm not sure if the best thing is to compare the experiences from last halving thinking that the same will happen now. Let's be patient.for a while, everything will come clear.

I do not really understand what the cat dead bounce thing people keep saying all the time. I really know the term for it, I know what it means, but I do not understand why people keep insisting on calling every single drop a dead cat bounce, why would you do that? Isn't there other stuff that we can call as well? We could call it a correction, we could call it for simple what it is, people taking out profits. Noooooo, some people want to not only name the drop, but also want to discredit the increase as well.

When you call it correction you don't discredit the increase, when you call it profit realization you do not discredit the increase, but when you call it dead cat bounce you do not name the drop, you are discrediting the increase. I do not get it, what are you gaining with that?

You probably misunderstand the term

A dead cat's bounce is not a name for a drop. It is a name for a short-lived rebound, which, technically,  is the opposite of a drop, though typically shorter and lower than a similar price action called double top. Both terms mean we are about to crash, and a crash is not a correction under any name other than wishful thinking

Whether we are actually about to crash is in fact a matter of opinion, but you can't challenge an opinion (if that is what you imply). Personally, I wouldn't be in the least surprised to find out that most of this growth has been heavily leveraged, which cannot but invite a juicy long squeeze

Everybody is just speculating and at the moment, it seems BTC has shown some level of corrections, and we might not see any big dump as people predicted.

This actually came to pass as expected which is just a cycle it has always happen from history. However let's be in guard to avoid been caught unprepared while the next bull run starts. Don't trade your bitcoin and good altcoins for dead projects thinking you are suddenly going to be rich through shit coins.

We don't know how serious it can be because we could only predict what will happen based on the market moves. If the dump happens, then we need to be prepare from now on, so we don't panic if that is really happening. Better you prepare your money to buy bitcoin at the lowest price so you will have a chance to sell bitcoin at the highest price later. But the correction of the price will always come, especially if the price can rise higher than the lower price, and it will stay for a while at that price before it backs to the last high price.

Its better to trade their profits in to stable coins or in fiat so they no need to worry about their correction.IMO I guess the correction has happened now let the bullish run to begin!

I hope you are right with your prediction. Bullish will come sooner or later, as well believe that but not to know when.
It is really a big surprise when the market dumps as halving had come. Some say it was because of the miners and some also pointing out whales manipulation. Actually, we can consider them both for we know how they could bring influence to the market but I wasn't deeply disappointed coz the price is still in good. And I don't think we need to worry about the correction and I think we are done with it.