Personally I hope we get a correction this weekend back to a base level of $12k. This rise is too crazy. Is this what institutional money coming in looks like? If so, we're gonna hit $100k next year. Or maybe it's just from people hyping up the futures stuff and wanting to get in before all that happens. Or is it both of those combined with first LN mainnet tests yesterday?? Because that was huuuge news in and of itself.
If you're hoping for a correction at the level of $ 12,000 I have a question? Why are you not selling the bitcoin for $ 15,000? It's not reasonable. It seems to me that those who Express their assumptions needs to back up their statements with action. Personally I believe that bitcoin will be worth $ 20,000 until December 18.
Because I hold.
Granted once the big red candles start coming I might make a trade to try to buy back in a couple thousand dollars lower, though I might chicken out of this and just keep holding - I've never bothered to try to catch a correction before.
The price always corrects back down close to the peak of the last boom. Last boom hit $11,400, so this one is very likely to hit a bottom of $12k. Unless something has fundamentally changed in the mass psychology of traders this week as compared to the past 9 years!
Also I'm not hoping for a correction. I have no money sitting on the sidelines to buy more bitcoin on a correction. I'm all in. The only price I care about is up, my first planned sell point is over three times the current price. I'm just saying it is very obvious a correction is coming and from the crash pattern that Bitcoin has always exhibited it should bottom out around $12k (before rapidly coming back up a few thousand dollars and hitting new ATHs likely by christmas or sooner).