Bitcoin Forum

I’m perplexed, the price keeps going up and no correction. Can someone explain or is it boiled down to no one knows when and anything can happen?

The current Bitcoin ATH are still on going will or may go up to 30k$ more or less unlike on 2017, the current hype isn't the same as investors are conscious and many new institutions are adapting to bitcoin which makes a stronger resistance.

We can still see some more pump in the coming days or weeks. We may encounter the price correction at early January or late January next year.

Well, you already answered your question. That is right, no one knows when the correction will occur at this moment but if you have enough time, --you can monitor the market nowadays and wait when there is a correction happen. I have doubt too that there is a correction of the price but I keep holding on until there is a possibility that bitcoin will continue to raise up with this month ^{[let us do hope]}. Bitcoin as of now has gained too much positive news and there are some public companies who adopt bitcoin and gave awareness to people, in that way, --bitcoin was taking advantage and the reason the price surged in the market.

Pretty much like in 2017. We went from 3000 to 20000 without any serious correction. If we were to repeat it we'd go to 100 thousand next year.

You're asking if we had a correction. I'd call that drop on December 17 a correction. Bull market dumps are like bear market pumps - small and weak.

We don't know what is the highest price of Bitcoin, but the correction will happen sooner or later after it hit the ath, maybe at $25k, $27k, or $30k, no one knows for sure. Although the price has been going up for several days doesn't mean it has to be corrected instantly, it still going sideways, and some attempts to push for the higher level.

Correction will happen but not in the 2018 style. It will be different this time because this is not a pump led by some retail investors but a growth by institutional investors and they are not so dumb to do it like what happened earlier. If you see btc under $20500 you can buy it back as that is where this correction looks to end.

It's because the whole narrative for bitcoin has changed, now our investors are those big companies who put used bitcoin as reserved assets. So obviously, they won't simply sell even if we rise to a new all time high. Unlike before wherein 'speculators' are the first one to dump followed by noobs who pushes the sell button without realising what is happening.

So maybe we have seen these speculators are selling now, but it is not felt because there is no panic, but instead FOMO still kicks-in. Of course, eventually an imminent retracement is going to happen, but probably after reaching like $25k-$30k.

Just keep watch, who knows how deep the correction may come. No one really knows tbh, one moment we may consider that that's the correction, but another moment a bigger correction happens. Just observe and watch the market, if it was that easy to know what would happen to the market, everyone would've been traders. Or you can expect the market to continue, instead of doing a correction, it'd rush past a certain point before everyone starts dumping due to fear of missing out of profits again just like back then.

I'm also afraid why correction hasn't happened yet. With this continuous rally, it's scary how low we can go if bitcoin's hype ends. Though the price is really satisfying in the value of fiat we should know that everything that goes up eventually goes down. Let's just hope that it won't crash hard like what happened in 2018.

Correction already occur when BTC deep @17.5K USD level and this current trend is a fresh trend, there is no sign of weakening of volume that's why correction still not in sight base on charts and indicators. You will know if correction is near once the volume become low and price become stable at certain level. That means bulls are already exhausted and need to correct at that point.

The year is not ending yet and still many are expecting to see the price pump. Correction might happen after the year end. The correction also happens not in sudden, it goes down gradually. Personally, Im expecting to see the BTC price goes $30,000. Knowing how in demand and how good the bitcoin have gain in credibility this year.

Bitcoins should have been correction a few days ago, because based on the greediness index of the bitcoin market, it is extreme greedy.
but unfortunately the market still rejects bitcoin for correction, so maybe a week or two,
But if you see 4 more days of Christmas starting, then there is a possibility that when Christmas comes the market will be correcteion because the whales are on holiday.

The Current Hype is crazy even elon must tweet about bitcoin in couple of days and last time his tweet about doge and price going crazy  ;D.

But Bitcoin Correction will occur we don't know when

Bitcoin will definitely undergo a correction, but the big trend is still strengthening so far, and if there is a correction in the near future, bitcoin price will move back well and will likely go up to 30k in 2021.
The ups and downs of Bitcoin are commonplace and so far the decline has not occurred freefall and only fell a little and then rose again, and it looks like this year is more likely to go up and if there is a correction bitcoin price will remain at a satisfactory price.

No one does really know when the bigger correction might occur. We've seen it hovering from $23,200 - $24,000. Just take it as the typical market that it's volatile and no can have the right pattern if it will correct the soonest or it will remain stable from where it is right now.

I'm starting to see predictions that we'll go through the same bear market as 2018. But that's them and even though fundamentals have been changed and it's different this time, they're thinking that the same correction would come again. There's always the both sides and opposition for predictions. The important part is you take profit if you need it and stay hodling.

The correction just happened mate, but the recovery is fast by bitcoin,
if you don't buy it during correction, I'm sure you will regret it, and I hope you also don't follow panic sell,
because institutions buy a lot of bitcoins during correction.

because what you have in your head and call it "correction" is not actually correction. in other words you have unreasonable expectations, so obviously like any other unreasonable expectations in this market it will not happen.
we have already had the correction because a correction by definition is when price comes down a little and not a lot. a nearly 10% drop is exactly the correction that had to happen and it did.

No market doesnt have a correction.It might be somewhat stabilizes but doesnt mean that theres no tendency that it could crash.So be patient and rather than stressing out yourself
then better to be prepared on whats next.

You should be prepare on whats a correction and whats a price crash.You should know on how to deal with those possible events that might happen along the way.
Market could be only have two possible paths neither go up or down.

If you do actively trade then this would really be a very challenging thing.

Can't tell much. It's pretty obvious that we've had a little bump down today and this might be the correction that most people are waiting for. At this point, it's really hard to tell if BTC is going down since the trend is positive. We might not go down $20,000 again.

Well, you shouldn't worry too much about correction if you're a holder.

It is possible that a price correction in the cryptocurrency market is already taking place. Today the price of Bitcoin and other cryptocurrencies is falling again. So, the price of bitcoin now, according to CoinMarketCap, is $ 22,898, and ethereum $ 606. Perhaps this will be the third correction in the last two months. The upcoming Christmas and New Year holidays will also contribute to this. Shortly before their onset, prices in the cryptocurrency market usually decline. However, in the cryptocurrency market, each year is special and therefore various price surprises can be expected.

indeed the sensation is very far from 2017, this is an extraordinary ATH throughout history. It's no wonder why it has waited so long for a correction. Even early January, it is uncertain that there will be a major correction. Due to the large potential waste, it is difficult to do when the ATH position is far from the initial prediction .. in fact this breaks all the analysis specifications.

Explaining what happened is very simple, the demand for bitcoin is still there and as long as it is this high the price will remain where it is, if you are expecting a bigger drop in the price then there needs to be a drop in the demand and an increase in the supply of coins in exchanges, when will this happen? Well, no one knows and anyone telling you that he does is either lying to you or has deceived himself so thoroughly that he actually believes his own nonsense.