Bitcoin Forum

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?


I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.


 ???

Nobody really knows and nobody really can tell you.

Fifty percent of the people expected a big correction at $20 000, then at $30 000, but the price is still going up. In another post, I wrote a thought of the Winklevoss twins: $500,000 is a “really conservative” target.

Well, you have a point there. Nobody knows when it will have that there is a ^[BIG] correction or just a normal correction that bitcoin has.
But if you will look at it closely, bitcoin will never drop too much even beyond $30k, the reason is bitcoin gained trust from the community and even public investors were adopting now to bitcoin and different big names in private company was now also adopting bitcoin. On other hand, bitcoin was in the mainstream and the awareness of people makes the demand increase than the supply.

We have barely touch the bull run for this year, so for me, I'm not expected flash crashes similar in the past. For corrections, just superficial not enough to cause panic for beginners to push the sell button. This super fast rally could continue, of course this massive growth will decelerate at some point with minor pullbacks along the way.

That idea is somehow unpredictable right now, because nobody has the accurate details of when this bullrun gonna end. We can only said a certain conclusions when market saturation might initiate, but for a meanwhile bigger corrections isn't yet happening. Once dip occurs, entire market will suddenly fall and went back to very cheap price. What's strategic today is that using small portions of your money for day trading is good, and by the time price go down slight you'll able to accumulate your holdings.

I also think Bitoin is at its best there is no accurate prediction because it is literally unpredictable and Bitcoin is unstoppable now. If the tweet from Plan B tells you something, take a look.

Most likely, our sentiment is that Bitcoin continues its bull run to 50K to 100K according to experts.
This Bull run has the peculiarity that there is a lot of investment involved and we will probably not see the price of Bitcoin fall as in the past.

https://twitter.com/100trillionUSD/status/1347255102390861824?s=19 (https://twitter.com/100trillionUSD/status/1347255102390861824?s=19)

If I tell you it's gonna happen in 56 hours and 23 min ... would you believe me ?? or anyone else for that matter ??
I'm honestly not sure what kind of answer you are expecting to get when asking a question like that to begin with.

Best I can tell you is to look at the charts, look at volumes, look at how much was bought when... Like many other point out, this bull run doesn't seem to be driven by small fish like me or you... when you have trading that is happening at close to 40k AND with this kind of volume, then it's telling you that's not an average Joe working 8 - 16 investing 500 or 1k USD... could be that average Joe is feeling a bit of FOMO so there is some individual investment but this is money strong people who are driving this price up and they are buying up all BTC they can get their hands on...

I got sucked down after marked crash in 2017, I never got to sell out, not even 1$ ... so I pulled my assets and stored them on cold storage... that's where they still are, was thinking to sell some of it when price climbed to 20k then 23k then 25k, then 30k, then when it was at 33k and it crashed to 28k I was like crap, that was my big chance... but guess what, it's now at 40k and I've come to conclusion, if you can accumulate, then do just that, trying to catch waves of ups and down... IT's Freakn hard... and especially in BTC Market where prices are as volatile as they are... If I sold at 20k or 23k how I initially intended... All I could do now was to sit on a side line and watch this happen and I couldn't do crap about it...

So I'm gonna hodl !! If I can get my hands on more BTC, I will try to do just that, otherwise just HODL! pro players are now in this market so this is nothing like 2017...

While everyone is enjoying the new ATH as of the moment, let us not forget that possible corrections may be occur. If your question is "When"? It can't be answer.

But probably if you are aware of fundamental analysis and updated with the big news that may possibly be the reason for the future dump, you may be ready for the correction.

Or, having a back up plan to your btc investment like sellingit in a set price or having a target price is more convenient than just being greedy and wait for another pump.

It's anyone's guess at this point.

A week ago, many people are calling correction @ $35000. It was easily breached and we managed to attain $40k. The numbers kept on being adjusted for the correction target price in accordance with the price rise. Bitcoin's price only drops a little then resumes back on track to take new targets. It seems like the momentum is never lost to begin with, that's why it's very difficult to call crash whenever a slight decline on the price happens.

I'm pretty sure it will happen, though the main question is at what price range. It could be well over $50k before some drastic shift happens at the momentum but at this point, it just goes north from here.

I am excited about the price as the day comes and goes in this year 2021, many people are now buying Bitcoin, I tutored someone how to buy Bitcoin the other day and she was will it double tomorrow, this is -newbie- mentality right now they are seeing the news, and with Musk the richest man in the world -forgetting Tesla helped him get to that position- so I think there would be correction, and if we help -newbie- purchase Bitcoin let's tell them about such corrections that can happen, so their excitement won't be broken if it happens.

Nobody could give you the right answer and most of the answer that you would get are based on their own prediction so why not predict it on your own?
We couldn't know who would get the right or closest answer to the question and you are not alone for waiting on the next correction.
There are so many investor that are waiting for the correction too so they could enter at a lower price compare to the price that we have while it is flying high.

Therefore no one knows if bitcoin goes up or down, but in my opinion if bitcoin goes down it won't be too drastic, for example when it touches $ 40k and if it goes down it won't touch $ 30k, because of the trust of big investors.

Well it was 3 days ago that we had a big correction where price went from $34,800 down to $27,700 which is actually why the price kept on rising in a healthy momentum to break the next resistance at $40k. There was also another correction right after the resistance was broken and price came back down to $36,600.

It seems to me that you are already missing all the corrections that are happening all around you ;)

What im curious is why noone posting their lambo in twitter or instagram ;D

bitcoin cannot be issued. Bitcoin's biggest advantage is the lack of state or political opinion

I think it already happened and waiting for the next momentum which could probably be more than 40k, BTC has purely dominated the market so far and it will keep going. So big whales and millionares played an important role this time especially Elon musk and now he's the world's richest person.

Corrections are opportunity to buying in opinion so do not worry and panic sell when BTC is trying for a new ATH again, just wait patiently.

Nobody can really predicted it but we have a speculations what will gonna be in the next few days  for bitcoin to have a another breakthrough or a price corrections coming. Nonetheless, anyone can take a profit now for people who hold last year and take again the risk to buy at lower price for another bull run seasons to come.

no one knows the same until when the positive market ends, I even now bitcoin penetrated $40k lately, I am sure bitcoin will continue to rise until the end of January, and the following month will be followed by another coin increase.

No one is sure whether the ongoing market drop is a correction or it is just a turn around. Based on my prediction this time the market will fluctuate within $35000 - $40000. However I expect the price of bitcoin to grow gradually marking its ath without any deep drop.

I guess bitcoin price correction is already coming because I see that the price is down to the $38k yesterday. But now, the price can start to increase, and it seems, the price can increase more to break $39k. Hopefully in this weekend, the price can back to $40k and still increase to break $41k. The $41k will be the next target for bitcoin price, and if that can be break, the price will rise more. We will make another big profit this year, so it is better to prepare your bitcoin before the price start to rise.

Looking at the chart of Bitcoin right now, there's no indication of a big correction by looking at 1m time up to 1HR time RSI. But when we are going to look at the 4HR time and longer, it already state an overbought indication and it implies that the Bitcoin market might fall anytime soon. When the correction happens, people will not really anticipate to short or sell their Bitcoins, thus, they might think of it as an opportunity to acquire more Bitcoins in hoping that it could increase further. But we don't have any assurance of what will happen exactly to the market. What is important for us to think is that, every good price increase, there's always a possibility of a big drop, so its better for us to stay alert to avoid our profits getting lost by the market decline.

bitcoin is unregulated. Its not like stocks that is controlled by governments and institutions.

Based on that fact, you can't say that a correction is incoming. It can go all the way to 100k without any corrections.

As serious as it looks, no one can tell you when the correction will take place and how big it will be. Before Bitcoin got to its price now, it dumped many times, people thought it was correction taking place but it was not, rather it only kept going up, in fact I would say Bitcoin has broken a lot of predictions set for it, therefore showing that the funds coming into Bitcoin is from big investors, big platforms etc, and at this juncture one need to play safe. There is a prediction that it wil get to $50k but no one knows if it will be achieved or not, hence if you are in profit and a short term holder know when to sell, if you are a long term holder you might want to stop bothering about the market as Bitcoin is the best to hold.

If I were you I would have been booked the profit by now but I won't impose my thoughts on you as I saw previous bearish period that was quite a long period so on the basis of my experience I won't be greedy this time as previous high was 20000$ now Btc hits almost double from the last ATH. But nobody can tell you exactly where BTC will stop as we are seen Btc is continuously rising and you are right there might be a big correction on the way so one must be very careful now.

See the 2017 chart.

Tell me what you see. What goes up, must come down.

*Bearish market prediction is the same as a bull market, no one will know...
if we only focus on thinking when the market is bearish then we will not be able to enjoy this bull market. I see that many investors have made Bitcoin a safe haven, so the selling action will decrease and it is possible that the Bitcoin price will continue to hold its current high price.

Based on my analysis, it is possible that Bitcoin will be corrected quite deeply when it reaches the price of $ 50,000. It will likely go down to
a price of $ 20,000 - $ 30,000. So for now Bitcoin has dropped to a price of $ 38,000 this is just a light correction. Soon it will continue the bull run
until it reaches a price of $ 50,000. Up to you want to believe in my analysis or not. Because there is no guarantee that my analysis is accurate,
so please do your own analysis to make it more convincing.

The price of bitcoin is now going I think at $50k - $55k after which there will be a deep correction, much depends now on the state of affairs in the US economy after the passions subside, the price of bitcoin will also be adjusted.

im no expert but my guess is correction will be big , something like under 40 but not lower than 30 thou dollar . i dont know the exact time if when will that occur but it can occur as long as we are still in the 40 thou dollar zone . you invested small amount and your worries are more than those who invest big time , if they can calm while investing huge why arent you that only invested small ? you invested small , why not wait and hold for longer time so that you dont need to worry of waiting but at the same time you can earn huge than selling too early and buying again .

Bottomline is no certainty. What determine its market value falls under demand, supply, and market volume. Indeed its market value could continuously increase for a period of time but likewise that its market value could fall continuously, this is how I understood the idea of this market. If we would base from the past regarding its market price increase and decrease, a correction is anticipated at this moment simply because people do like to rely on "patterns" in which they depend their actions at the same time. So we just cannot blame those who are worried on investing at this point wherein the market price is still high, because of the 'possibility' for a dump to suddenly take place. Well, going back with the chance for a continuous market price increase, investors are free to do their thing at this point because no one knows how things will happen, a matter of a gamble.

I agree, that at what we have seen so far were some small corrections but now BTC has yet reached another ATH.

This could be the trend we will be heading towards for a while: small corrections followed by new ATH. But when the bull run stops for bTC, that's when we will see the large correction, but who knows when that will be...

Next dip will be crayzeeeee, because this time it will be upwards!

Indeed, BTC price correction may be coming soon, as BTC price is continuously rising day by day.
And as the future events and actions to be anticipated revolve on uncertainty, staying alert and being wise are important.
Although expertise cannot be assured, there are resources available to study price correction, where opportunities can be presented whether to use price correction as indicator to invest, reinvest or sell.

I don't think that a big correction is going to come in the next few days.  While the price skyrocketing  from $10K to $40K seems like a large move to those of us suffering in the "Bitcoin winter" of 2018-2019, it has *only* 2x since the last peak of about $20K.  This shows that fundamental price levels aren't that 'overvalued' yet and we don't need like a 2x pullback or anything.

yes you are right about "bitcoin is not regulated by anyone". In the cryptocurrency world anything can happen in just a few minutes or a few hours later, $ 50k, $ 100k can happen in an instant. But a healthy market still needs correction to reach its highs. we don't know what the current high price of bitcoin is. Many have speculated about the top price of bitcoin. All of that can also be explained by technical analysis. Every analysis is not 100% correct. If it is enough and profit, quickly take it and if you are still less resistant until the target is reached.

That sudden increase will more likely trigger a price correction. We have witnessed how high the rate of increase was back in the last quarter of 2020 which gives a higher tendency for the market to fall in a sudden just like what happened before. The idea is that we just cannot guarantee what will happen next and that is already the bottomline. But I do agree with the idea of a crash not being a requirement. It is just that, given the nature of this market, things of such is inevitable and the only way out is to make a decision in order to avoid huge losses if you have invested at a higher market price point. So will Bitcoin repeat itself? or changes will be permanent regarding its market value? Hard to tell knowing there is a huge difference that could make a change.

I think price correction of Bitcoin will occur right after it will touch $50,000. I am not good at speculating but who knows? Things could happen in just a blink of an eye we really can't tell. Lucky for you mate you have atleast small amount of investment at a good timing.

  to me this run way different than the ones before it like 2017...my opinion is still quite some way to go till it corrects...btc 10x loading

This is really good time for BTC holders and i think BTC will soon down,it's only my prediction.That's why right now i'm hold some altcoin's and thinking about my altcoin's.Because,now some of my altcoin's price not grow up like BTC.i think it's not perfect time to buy BTC or invest on this coin.

now it has broken $40K again after some dip, guess to sell and reenter was the best way to double the profit but it's kinda too late, none of us really see this coming about btc price skyrocketing really fast from $30K to $40k it's actually kinda crazy. I wonder whether there's gonna be some big correction but it's all fifty-fifty chance for that to happen

btc is erally unpredictable at this time around.

Big up and big down makes basic sense but its where we end up thats most of interest.   I wont argue that much in favour of an immediate correction because we have sold off along the way to some extent which increases strength slightly.   But price moved too fast to involve the whole of the market so that leaves it open to sellers joining in a top heavy way.

Right this moment there is no hint of a negative at all, not that I can see clearly.   We are back to the 2 day average (https://talkimg.com/images/2023/06/12/A1CiP.png), which has regularly marked lows before we rise again.   Especially on the weekend, it seems to drift up and perhaps Monday it sells into main market action.

There’s a slight chance a correction could happen, but it doesn’t seem to go too deep. If the  current price of bitcoin was  at  $40k,
a correction to $39k-38k, it wouldn’t be a major correction. But anything can happen to  bitcoin.  If you  already  profit a lot  from
investing in November, there will be no blame if you want to sell your  bitcoin at the current price. The decision is yours. There are
no precise predictions for bitcoin’s highly fluctuating price. Moreover, the bullrun  this time  is very  excessive, the  rise  is too fast.
But we don’t know if it will experience a rapid decline as well.

If I will say that next week will be the time when the crypto market will make a correction will you take it??
If somebody will say that there will be no correction at all will you take it??

If only somebody knows when will be the next correction then he or they might be rich by now since the know what can happen in the future. Regarding to your small investment, its your decision when to exit and when to enter again. Having a plan will help you trade better. Now if you are asking when will be the correction then ask Nostradamus maybe he can help you :).

Even if I do not want to see a drop to $35,000 or $32,000, if that downtrend comes, I can not do anything except following the trend.
We have a chance to buy more bitcoin if we want, so we can use that downtrend and get bitcoin at a low price.
These situations are unpredictable as after the bitcoin price increase yesterday, the price seems stable at the moment, and we need to be prepared for anything that can happen.
If the bitcoin price drops in the next few hours, we do not have panic, but we can watch closer to find the best time to buy more bitcoin.

i think yes he will take it because that its his motive for askin but he will only take it if he thinks that the user that gives prediction are talking more serious ,

i know predictions arent 100 percent but still its better if we are sincer of giving it but if theres someone that will say that there will be no more corrections , that is automatically false and no need to ask why its because btc are created this way to have a correction