Is bitcoin undergoing a correction?

[mast3rm1nd]

it seems that way. some predict this is going to be a very long correction for months. well let's see how it goes.

[RenegadeMind]

This was bound to happen at some point.

If history is any lesson, it's just a matter of waiting it out for the next bull run.

Perhaps this might lift your spirits:

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

[timikulit]

Its down over $500 from yesterday and seems like its going to go down more. I hope not.

Yes a correction is happening now. We might see that bitcoin will touch 7000 again then go lower up to 6000

if bitcoin breaks 6000 it will slowly and surely reach 5000 mark on which is a good buy for me.


Exit bitcoin if you can. its not too late

[oegarod]

The ongoing price drop seems to be the beginning of the correction phase. Maybe this will continue for weeks and the growth towards the next ath might begin after the same. It's our responsibility to have patience and keep hold of the bitcoins without getting into the panic.

[DoublerHunter]

The dump for the price of bitcoin is because of the cancellation of the fork that let the bitcoin cash shines its own and as you can see the altcoins are following the movement of bitcoin and it seems that bitcoin cash will have its time for its own in the next few days or weeks but in the long term, bitcoin will bounce back again and it will move up higher than the price of its recent all time high.

[cozk]

meh.

10k by feb.

My prediction.

[GreenBits]

Its down over $500 from yesterday and seems like its going to go down more. I hope not.

its all up in the air right now, courtesy of all this fork bullshit. this is a correction yes, but this is moreso a reaction. correction to me, with all this unexplained growth over the past year, is us readjusting back down to those previous levels. im thinking its going to start deadcatting at some point, esp if we have any more fork controversy in the near future. while its variable in other markets (eth is down, but some erc20s are up), the depressing is affecting the entire ecosphere

remember when people used to actually be afraid of forks? its like this shit is old hat now 

[Astrilian]

I wonder what's the reason that altcoins are following the movement of bitcoin with some few exceptions. I had the impression there was concensus that after the fork Bitcoin holders who were just in for some free coins would head back into altcoins. Instead the capital is pulled out of the crypto market alltogether.