Bitcoin Forum

Hi guys,

given the immense growth the last few weeks, I was wondering what the community thinks about the next correction. How big will it be in your opinion. And when will it occur you think?

All opinions are very welcome!

I do not know when the next correction occurs but right now, bitcoin is trying to break $15500 resistant point. If this non-stop momentum continues, I believe we will soon hit $20000. From my point of view, it is difficult to estimate how big the next correction will be. It depends on many element but first, bitcoin needs to have a precise retracement to that I can make an analysis.

Personally, I do not think that bitcoin will drop more than $5000 this time. Many people support bitcoin and they have gathered their strength so as to stop bitcoin from falling below $10000. Moreover, this is the first time we hit $15000 after more than 3 years.

I also wants to ask about it the price keeps on growing and I want to know how others see it so we could be ready for it unlike what happen in 2017.
Do you think that it would repeat it? Do you think that after staying at 5 digit it would crash down below $10K again?

IMHO, I think the market correction is already in effect because in the last seven days the BTC price was dip as much at $14,102.09 on Nov. 8, 2020, from $15,903.44 on Nov. 6, 2020, if we look at that price difference that was almost - $1801 in just two days, thats why I believe that it was a small market correction but I'm not sure about it I'm not an expert analyst, in short, it was just part of my opinion. 

I think that this topic belongs to the Speculations sub-forum.
The next price correction won't be "catastrophic" or a "nose-dive" drop.I think that there will be several small price corrections of around 5-10%,all the way back to 10K USD.Those price corrections might happen in the beginning of 2021(if we are pessimistic about the Bitcoin price) or maybe they will never happen(if we are die hard Bitcoin fanatics,waiting for the price to hit the moon). Everything is just suggestions and wishful thinking right now.

I don't know when correction will happen but corrections are unavoidable things on the market.

Corrections often occur when prive moves to the ending range of a pattern, like a Wedge. It can happen before the end of a wedge or a little later. Who knows when the gun will be fired.

Corrections are good not bad for organic price growth.

It will completely depend on how much bitcoin will grow in the short-mid term future. A bigger spike up almost always means a drop almost as big.

Your guess is good as mine. The 2017 price spikes almost came out of nowhere. I'd assume it'd be kinda the same.

Also, move this thread to the Speculation[1] section. The move option is on the bottom left of this page.

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[1] https://bitcointalk.org/index.php?board=57.0

The next correction would depend on the next bull run.
In 2017, Bitcoin had a bit of a quick run up, the price at the beginning of the year was below $1000 and remained low for most of the year. At about the end of the third quarter/beginning of the fourth, it was within the $5k range, just before the big push which saw it reach the heights of $20,000.
This year has been a bit different, Bitcoin kicked off at over $7,000 and all through the year it has mostly remained above the $8k mark, trading below it for only short periods of time.
During this year also, there has been a higher bullish sentiment around Bitcoin from investors, with demand far surpassing the rate of supply, especially after the halving.

All that being said; I would not expect a huge correction when Bitcoin eventually enters into a bull run, maybe a drop of 20 or 25%. The next spike should take Bitcoin to a new support and resistance range above what we have now.

Though my last prediction was a bit wrong, I have had a good profit from holding and trading bitcoins in the last 6 months.
The price at the moment is holding in and upper zone without any correction, so a correction is highly likely but before that, there's even a chance for a quick price boost that may even get bitcoin to new all time high. That's a probability but what has a higher probability is bitcoin's price would correct to about 12K in my prediction.

In my opinion, at the end of 2020 the market price could either go pump up and reach its ATH in the market or at some point maybe could even surpass it.

Or in the coming months, the market price of bitcoin is just gonna sustain in its current market price around 10,000$-15,000$, breaking the 15,000$ resistance is I think gonna be difficult and 16,000$-20,000$ is I think where the movement in the market become kinda sketchy and will not sustain for long as long as it didn't break the ATH.

Possibly not sending us back to $10k since we are already sitting comfortably at $15 - $16k ranges without any major selling pressure along the way. Most sells coming in today are from small traders wanting to cash out, and most of the whales are already satisfied with what they have that they are just waiting for the price to push once more before they rejoin. As for the 'when' question, it's anybody's guess, though one thing there is to say currently, there aren't that much people interested in selling their coins any time sooner.

it was a very tiny price rise actually.

it already happened!
take a look at the charts my friend. price went up to $15850 and then had a correction where it fell down as low as $14800 which is a $1000 dollar correction.
and now in the past 3 days price has been slowly rising from that low to $15.5k levels again.

I don't want to speculate too much about the resistance level that will serve as a mid-term top, or timing it. What I will say is this: when it happens, look for a 34-42% decline. Based on past bull markets, that's a good "knife catching" range to buy the dip. BTC is very unlikely to go below there.

From $16K, the extreme is the mid-$9,000s. From $18K, it's closer to $12K or $12.5K.

I would say the book is closing on sub-$10K prices. If we ever see them again, it will be a short-lived wick.

Telling or identifying out the next correction cant really be known by everyone.It will just come by on an instant where we do only know when its there.I cant blame out people not to think of the possibilities
because there would always be a price correction, we're hoping that this wouldnt be like on that 3k dump that we had in the past. Correction is acceptable but we hope that it wont really be into that
extent.Majority of us are longing and excited to touch the previous ATH and even breaking that level.For now the best thing to be done is to make money out of these movements.
Expect for corrections or dumps because it can eventually happen thats why secure your profits once you had able to gain.

Smaller corrections (let's say under 1000$) will happen now and then. But I think that the really big correction will happen only after a new FOMO bubble gets the price very high.
So directly to OP question, the next correction will be rather small imho.
When... LOL! if people would know to predict all movements everybody would make a living from trading (of course that cannot happen).


PS. Since the price almost reached 16k, a dump/correction is already happening. Will it matter? I think (I hope?) it won't.

Correction will happen when the price rise will slow down. This might happen very soon, because we have been at this $15.5-15.7k level for a while, and there already was a small drop, but the support was huge, so we bounced back. But if Bitcoin will fail to push past $16k, correction to $14k and lower is quite likely. If $16k will be broken, then it's impossible to reliably predict it, cause we don't know what's the next big level will be.

Some people are saying we're in "2017 bull run" territory because of the tremendous bullish sentiment surrounding the market (newcomers, hodlers, traders, analysts, etc, everyone's bullish). Now, if we follow old data and charts from 2017 whe price went up to 20k and we had a similar bullish sentiment, we're probably due a few more corrections before we start testing that ATH.

If if you look at the btc charts on Coingecko (https://www.coingecko.com/en/coins/bitcoin/usd) or CMC (https://coinmarketcap.com/currencies/bitcoin/), you'll see that back in Nov/Dec 2017 we had a a couple of  big corrections (7.5k to high 5k's, then from 18.5k to 15k). Now, this data doesn't mean that we'll see that exact same behaviour now (IF this turns out to be a bull run of that magnitude), mainly because the state of the crypto market has changed a lot in the last 3 years, but, you never know...

No one really knows.  People use technical analysis but I can show you all sorts of charts which you can defend to say we are in a bull market or there is another bear right around the corner.  Crypto markets are fickle, just need to ride the waves and cost average in and out to take away some of the short term risk.

Nobody knows how big and when it will be. You shouldn't think about it but instead, you need to think of the possible drawbacks and actions you need to do once it starts to correct.
Buy or just keep holding but usually, it's the buying time. That's all you need to think of.

We all know that this is impossible to predict but let us give our own opinion as sharing as we expect this to happen soon.

How Much it would be? -  20-30% i believe specially in bitcoin price and the next 4 ranks.

When this will be? - at least Last week of November before December comes.

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But i will be glad if the correction will not come and we will continue in growth from today till end of the year.

I was actually expecting there to be a large correction when the Covid vaccine was announced and there was a bit of a dip. As people pull money out of riskier assets and put it back into companies who will be able to earn/payout re-occurring profits again. However the correction did not go very deep and it has since rebounded back. At this point it is looking increasingly like large buying activity is taking place in the background. Money is very easy to borrow right now and if the richest in society see an upward trend in any asset, it's highly likely they will want to invest as much as possible into it. It's highly likely that we could just be seeing the beginning of a much higher march upwards in the Bitcoin price, it would not be surprising to see $20k soon - at which point it might dip back down again temporarily.

I don't think bitcoin will meet the correction as of now, I just expect that bitcoin can surpass the $20.000 barrier first and make its price as a strong support.

Currently, the bitcoin price has been able to touch $16.000 since 2017 ago and I'm expecting also for the price goes up more than $16.000 and make its price as a strong support.

A few months ago, bitcoin has tried to touch $9800 as its correction and many people were predicting that the correction to $9800 was a reasonable price but who knows, bitcoin only touches $10.000 as its correction, and until now we haven't touched below $10.000 again.

The situation can be repeated now, we can rely on the big news that will come and bitcoin can touch a higher price again. And as long as the economic situation from all country still bad bitcoin will still in a good trend.

you should be very careful not to cross the line between "correction" and "crash". reading some of the replies here i  have a feeling that people are expecting big crashes while calling them "correction".

at this point (that we are on the rise) anything bigger than 20% is a big market crash and crashes can not happen without any strong negative reason. anything above that, is possible and can be referred to as a correction and shows the healthy market.

this is also another reason why i said it already happened.

I hope not below $9000 since I dont want to see Vegeta memes anymore.   Correction can be whatever. But I think since that lately announced covid vaccine should be very good, some serious correction is out of question. It will definitely be a long path to $20k. Because it is end of the year and Bitcoin two times acted extremely bullish at this months, some think that $20k Bitcoin is just around the corner.

Bottomline is; no one knows.
The assumption will be: How big the next correction will depend on how huge its increase in a short period of time. For example, its market value from $17k USD became $40k USD within two weeks. Then correction might bring the price back to $17k price mark.
But nothing is certain. The result of the next price correction could be higher than the assumed, or lower. We just don't know since there's no pattern in its market value. We can draw assumptions but it will definitely not affect the reality or what will happen.

there is a pattern in the value of btc but its not progressive because  there are some years that breaks the pattern  . if there is a pattern in price , there could also be a pattern in correction . have someone already check that , they can study it using the old price chart of bitcoin but like you said anything can happen , maybe itl break the pattern again or simply the flow is not same as before but i hope that the correction arent going to be really heavy because that was like going back again from the start .

Bitcoin price has broken out, and is above $ 16000, it looks like this will continue until the next resistance,
if you want a correction wait until the new all time high is reached, maybe $ 20k then correction to $ 16000,
after that mega bullrun, just speculation

BTC has been recognised as currency in many countries and as of today it's the most liquid and widely accepted crypto currency in the world, also a lot of investors are expecting BTC to see new heights and hopefully we are nearing to it.

And yes predicting the price is never easy nor accurate so I don't believe in this stuffs, in my personal opinion the price may go up as BTC broke the 15k barrier.

We are not back up to July  2019 price level of 13000+

When you factor in the 1/2 ing and increased difficulty the July 2019 13000+ usd price needs to be around 28000-30000.

So correction may not occur until some time past 28,000-30,000 with correction to around 12000-13000.

If we were as profitable to mine as Dec 2017. Price needs to be 78000


So we are not really in bull runs.

Note this is from the mining aspect. Not the trading or investing aspect.

How much upwards price pressure will happen I how no idea.

But if this is like fall of 2016. we get close to 20k then correct

with true bull happening in fall 2021 and we pass 80k.

You mean the next bull run? Or correction? Because corrections happens after there is a bull run and the price goes very high, then a correction takes place and the price is reduced.

So, I guess you’re referring to what we are all waiting as at this time which is the bull run. We can’t tell how big the bull run is going to be, but I have this feeling that the bull run is going to be bigger than what we had the previous time. Look at the price we have now, the price is almost $16,000 and by that we will be just $4000 away from the last ATH price- $20,000.

Nope, 30-40% "crashes" are very normal during Bitcoin's past bull markets. June-August 2016, January 2017, March 2017, June-July 2017, September 2017.....

People can try to find news items to justify why the price fell (before returning to new highs) all they want, but the truth is those were just healthy bull market corrections. If you don't expect them to happen again during the next bull market, you're going to be unpleasantly surprised. ;)

If we've been into this market for a while now then those crashes wont really be that something new to be surprised on and yes that 30-40% is a typical one for it to be called some correction.
Asking out on when it would occur then no one really knows yet anything can happen on a short span of time thats why its better to utilize these price or bull run moments to make money
because once the market had lost its momentum or shall we say that whales do tend to make up some sell of their bags then we would really be losing that chance and the
bought then everything is on red. Important thing here is that you wont really get panicked when you do see these instances yet these will definitely happen.

This, currently the price is wedge around $16.5, if this is broken then $18.3 is on the horizon.

But if $16.5 doesn't hold up, we might see another correction, 30%-40%, so it's either you sell at $16.5 because there is a possibility of big correction coming.

Or stick to it till $18k and then make your decision later.

if the next bull is like 2017 bull, be prepared for several face ripping 30-40% corrections. that is how 2017 rolled. it will be hard to see the difference between the usual 40% corrections and the beginning of the the next crash after new ATH.  oh the fun.  :D

I don't think most people care about 30-40% corrections as long as it eventually keeps hitting ATH after ATH. The issue here is to find the last correction before a trend reversal. And this is difficult to prove.

I basically kept taking partial profits whenever we got a 30-40% and basically sold at the 50% fib level just in case it was the top, and it never was the actual reversal. To catch the reversal and sell at the highest price, I think it matters how much it goes up on the daily candles and sell when the correction starts to bounce. Basically if we get like a 20% day, then another 20% day, then another 10% day, and we get a 40% correction, wait until it goes back to like 20% correction and take profits there. Might or might not be the peak.

However you can never time it properly and might end up basically selling, while a few days or weeks later it makes another ATH.

Finally, the bitcoin price can break $16k today, but the price stops to increase higher. The correction can happen anytime, and there are many possibilities to go down deeper, but I hope that the price will not go down below $14k. But that can be possible if people panic to see the price drops in a short time. But if somehow, the bitcoin price goes down lower than $14k, we can't do anything except following the price, but we have another chance to see bitcoin price will have the time to start another rally. This price is good enough to take the profit, but that will be up to you if you want to sell right now or later.

There is no certain range for a market correction, that purely depends on how massive the investors are going to dump their bags. Or shall I say massive sell out that's coming from the whales/big players.
If you take a look back the 2017 ATH, Btc went from $20,000 down to $10,000, but of course that's not always gonna be the case. We are in a different situation and different market volumes. More Institutional investors are coming in the market today. So, I don't think a sharp drop caused by market correction is most likely to happen.

I don't know when it will occur but I feel like we may not go under $10k ever again. I do not have any data to back this up so it could be all lies and I am just making up a guess here but looking at bitcoin and all the support points, in order for us to go under $10k again we need to have a year long bear period, which we had in 2018 so it is not impossible for something like that to happen, but it took us a whole year to be like that last time it happened, and with this many new people involved in crpto, I do not believe millions of people will be selling it constantly for a year anymore.

Back in 2017, it was a lot less people and a lot worse tech behind it so it was simpler to just sell by few rich whales to drop it, today it is not like that anymore and it would take a lot more to drop the price that significantly.

I will be wiling to accept a 'correction' back down to $10,000.  If the price starts to go back below that, I will begin to start getting worried like I did last time we saw that price.

But lets hope there isnt a correction (if thats possible) and we are just on the verge of reaching a all time high.

i think there won;t be a sharp drop like about -70% just like the last 2018 where it goes up to 20K and then down to $3k. but let see how much the price of btc will go. if the price really will go to the sky like the speculations of big firms up to $100K, it would be too much to expect -70% again because the adoption is here already. back in the days there was no paypal yet.

who knows whats to come soon, if governments recognize BTC and cryptocurrencies i don't think there won't be too much of a dump. i'm almost sure it won't drop to 4 digits again.

Corrections and pullbacks happen all the time, we're just going to discuss how large and the surrounding circumstances to the lower price.   Alot of price drops are quite bullish, its just shaking off speculators and essentially offering the same prospects at a lower price.  Its not exactly easy to spot the quality of a trade in risk vs reward or I'd be a rich man but the process becomes more obvious when looking over time especially years.   Hindsight is 20/20 as they say.
   Right this second BTC is pulling back (https://talkimg.com/images/2023/06/12/AczB9.png), I dont estimate it will go far beyond 15800 but all this is short term guessing in the hope various measures hold and we've passed some significance in price recently by making a new high for this year and last.   Momentum can often continue, true to the upside and downside, a recent estimate I saw for a good pullback on BTC would be 9400 but my first guess without looking too hard would be to mention the 200 day average and also the 50 day is commonly referenced, use those two for guidance is fair practice.   The timeframe for the pullback was estimated through new year into the spring, more of a scenario then a prediction as theres no sign yet.

Tell that to all the weak hands getting shaken out at the bottom of those corrections, who end up panic buying back way higher. :P


I could see a wick below $10K. A 42% correction from $16.5K would be ~$9,500.....just enough to fill that CME gap from a couple months ago. It would not last long at all. I also don't think it's particularly likely, just the potential maximum downside. If I had to put a number on it, maybe a 10-20% chance.

It's a wild guess. 40-50% correction is quite possible or 70-80%, just like what happens last 2017 after the Bullrun ends.
Not knowing yet and anything will happen in the future, even tomorrow is a big surprise.

The current momentum is pretty impressive, Bitcoin price keeps moving high, and closely it reaches to $17k. How far that this hype will end? Nothing will know as well and just the same asking how big is the next correction? But for now, I'm not praying for the correction but I was asking that we are able to hit its peak again.

It's pretty hard to predict because I'm not a technical analyst.  In my experience Bitcoin will continue to rise until its price hits 2017's ATH, and then definitely a VERY STRONG correction.  It's time for the whales to manipulate easily as the crowd is in psychological panic. In my judgment, Bitcoin will not fall too deep because it has the support of some major financial funds in the US, in addition to the increasingly limited supply, the crowd will still accept to buy Bitcoin above 14k $ threshold.

I think this depends on how far we go up first, before being able to try and work out how far we could correct afterwards. From current top of $16.5K I think somewhere between $12-14K would be likely which would be a 15-25% correction. This would also re-test previous highs and resistance levels in order to turn them into support.

Otherwise I'd probably stick with the theory of 15-25% corrections within current bull market structure. I feel the bear market days of 30-40% dumps are much less likely now (even if still possible). If we get to $17.5K, then somewhere between $13-14K might make more sense, likewise if we reach $20K ATH level, then $15-17K would be my target.

Either way, btfd when possible imo.

It is difficult to predict the correction, which is recommended when hodl occurs, and it is barely correct to buy Bitcoin, because mostly it is to give a good bullish boost, right now there is a very good omen, we have the approach of December and it is good because they start shopping online and with Bitcoin. This greatly helps to have more demand in the market.

The correction will come, but you should not panic, it may reach $ 11k- $ 12k, the correction will not be very strong.

We already saw that the bitcoin price makes a correction deeper than before because the price is down at $15,700-$15,800.
I think it is the deep correction for now, but we don't know if the correction will come again this month or it could turn back to increase. But I guess the correction will always happen to the crypto market. And maybe $15,700-$15,800 is the deep correction for now.
This week, the price can touch more than $16k, and we should be happy to see that price.
After this correction, I am sure that the bitcoin price has more chance to increase, and who knows, the price can break $17k.
You will see many speculation releases about how deep the bitcoin price will go down, so you need to prepare for that time.

Small corrections happen all the time and that is part of Bitcoin volatility.
At the moment I don't expect some bigger sudden correction but  more smaller ones so the Bitcoin price will probably stay in current range somewhere between 15k and 16k.
Even if it goes all the way to 17 k I don't think it will stay there for longer period of time, it will probably returm to current values.

A market correction is a normal thing to happen to an investment asset in the market, but "the value of the possible correction that will occur in the future and exactly when it will occur is a mystery".  market correction (bearish) and bullish market are things that are difficult to answer accurately.  My advice is to take advantage of the opportunity to take profit from this bullish market and then prepare funds to welcome market corrections later (buy at low prices)..

80% (or even more) is possible after the next bubble pop, but as far as short term bull market corrections go, no way. 40% is pretty close to the worst the next correction will get, unless there is a drastic divergence from the last two bull market cycles.

When the next bubble pop and 80-90% crash does come, I think it might be from $300K or $500K, landing well above the 2017 ATH.

^ Until now it is really hard to predict and even my wild prediction did not want to dump the price as a correction after a new ATH will cooldown.
If bitcoin price will repeat just like what happened in the year 2017, it will probably repeat the correction that happened after the bubble pop. This is expected that there is a correction right after the ATH. Nevertheless, this what I have observed, when there is hardly a correction in the market, the price is hard to back to normal because people panic about selling their bitcoin.

I won't expect a large deep of correction during this bull. This price is going higher more in this year, is a bull time you just expect little correction and big bull. The whales are in for the profit which will cause the drop and more entering for bull will keep happening for now.

Just like what it did. We've got a small correction from the peak of $16400 then back to $15700.
Those moves are always usual for bitcoin when we hit a new high. Not particular if we include the all-time high though. But it is a sure thing that it won't be staying long at those new prices above. It has to retrace and correct before moving up again.

You cant tell because everything could happen but this time the price is somewhat established due to lots of companies had already adopted bitcoin which we can

say that price wont easily go back down because support are even more stronger compared into those earlier days but we cant still be confident because we dont know
on how deep would be the next correction but to say that this had been part of a market where pumps and corrections do really happen.

Thing here is that we do know how to secure our profits and do know on how to place ourselves on buying back when its cheap.Rinse and repeat process will be a good move.

We can't really know when it will be and we can't really know how big it will be but the fact that we know it will happen tells all about bitcoin you need to know. There is no doubt in people's minds that we will drop, maybe we will drop higher than current price so it doesn't mean anything for today but it will drop no matter what.

Maybe we will go to $30k before we crash and we will crash to $20k so even people who bought today could profit, but it doesn't mean that we won't crash, it is still from $30k to $20k and maybe it will take a few years to go back over $30k again and just like we were in between $7-14k range for few years going above $10k and going under $10k like toy for a long period, we will do the same for $20k? But we KNOW it will have a crash one day.

I am just wondering whether it is still a good time to enter now. Or will there be a major drop after the rush like we saw beginning of 2018.

Answering this question is hard if you are looking at the price now. The price pumped to $17k and if you think that it's still enough for you to see ath, decide to buy if you can.
But if you see it as an expensive entry point, you can decide to wait. Well, these are the words that I can say to you. It's probably now or never but why you haven't bought or asked this when it's under $10k or below $5k on March.

It's really hard to tell about discussing that thing since we don't know what will be the outcome and there are so many changes that will affect whether it's good or bad. But if we see many people think about good things in future maybe it will add to some positive instance that will happen in future. And I'm not disclosing some figures since I'm still not sure about the future.

Nobody knows the future but as much as we believe, bitcoin is here to stay but for the pricing, can't tell. @Bergluft, go long in bitcoin because if you will notice in the forum, many of us here are long term holders.
We still sell at good prices but we keep ourselves make sure that we have bigger part for long term.

We have past experiences as example of how deep bitcoin can fall during a hard dump. But this market is really unpredictable and bitcoin is always surprising everyone, so I can't say with sure if what we saw in 2018 will repeat in the next correction. I just hope it won't be so hard like that one.
To have a smooth correction the market must be more mature and confident in crypto currency in general, not only bitcoin. Solid projects, technology development can help to break the negative volatility a little bit during a correction.

can't certainly say because price is still going up so analyzing the correction amount is hard,but since we already hit $17,000 maybe cut of at least 2000 from that value?and from that means $15k base value the run will start again and may bring the new ATH as majority of us expect to be happen this end year or mid of the following year.
but what I'm hoping is the flow will continue and not a bulltrap.

It is too soon to talk about a correction right now, there are small tiny corrections happening all the time anyway, we have seen bitcoin broke over $18k and drop to under $17k and now it is again bullish, that was a "correction" because that is the correct way to call it. Those type of small corrections will happen, it could drop under $18k very quickly, be at around $17.6k or $17.8k levels for a day or two and go over $20k this time around when it moves up.

However it is too soon to  talk about a correction that would be like $10k+ drop, like reach to $8k or under, that would be too huge and I do not see it happening anytime soon, it would take a HUGE whale to sell tens of thousands of bitcoin all at once all around the market for something like that to happen and I doubt it would right now.