Is it correction time? Market down by 8%

[STT]

So far as corrections go, Bitcoin is a lead balloon that floats in mercury seemingly forever despite volatile elements.     When it kicks the bucket, its acts like millipede and we wait a hell of a long time for it to finish the momentum it had previously before declining properly and moving to the downside.    It must be some offset from being a global market, a normal market trades mainly in a large city and the price then propagates to the rest of the world, whereas BTC holds a committee meeting every 4 hours and 6 times a day where it may or may not get to decide properly on where the price is going to go.

  Seems we end up sideways or in cycle more often then not, then it sharply moves the way you suspected a dozen times previously and gave up 2 weeks ago on.    Its on a monthly average now which has been the low about 3 times in last 4 days.   If it can close below 9400 it'll be more certain, it has put in a 3rd lower high which gives small credence to bearish take I think.

[joinfree]

The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.

[Qcrypto]

The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.

Still going down.
There is a lot of talk about the Bitcoin halving and there are huge expectations.

History proved that Bitcoin halving was the catalyst for the bullrun. Will it be the same this time?

If we can survive Coronavirus, then we will live to see it

[BigBos]

The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.

Still going down.
There is a lot of talk about the Bitcoin halving and there are huge expectations.

History proved that Bitcoin halving was the catalyst for the bullrun. Will it be the same this time?

It looks like the current price is quite normal. I think this reduction will not end until under $ 9,000. however, price reductions often occur at the end of the month, so this is normal. in addition, this proves that the price of bitcoin will not start from the price of $ 10,000 at the beginning of March 2020. I think, before halving, the price of bitcoin will rise again quickly.

[Pamadar]

The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.

Still going down.
There is a lot of talk about the Bitcoin halving and there are huge expectations.

History proved that Bitcoin halving was the catalyst for the bullrun. Will it be the same this time?

If we can survive Coronavirus, then we will live to see it

The market conditions is base from how the traders and holders act, for believers it's always a good chance to buy while the value of the coin still  falling and wait for another bounce to sell it decent profits. We are unsure how this incoming halving will generate positive outcome for investors who chooses
to hold. Those who are really following this market have a high hope that it will bounce and bring bigger benefits to their investment.

[Reatim]

now the OP is winning because the downfall is continuing and now we are at $9,100 level and seems bellowing to $9,000 as i am typing.

i will revoke my first comment and change it to Correction is at place now,maybe this is the last correction before halving and we can see at least better movement once it is done.

It looks like the current price is quite normal. I think this reduction will not end until under $ 9,000.

while we are asking not to fall under $9k but if this is correction then expect much lower than that.

however, price reductions often occur at the end of the month, so this is normal. in addition, this proves that the price of bitcoin will not start from the price of $ 10,000 at the beginning of March 2020. I think, before halving, the price of bitcoin will rise again quickly.

still no one can tell,Volatility and manipulation is now the main reason of this price movements.(IMO)

[Google+]

The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.

well the price of bitcoin is currently falling very deep and indeed very suitable separately to buy bitcoin at a price when it falls but for now it has not been seen how bitcoin prices when halving occurs will rise or not I think no one can provide a guarantee so after you buy bitcoin at cheap prices like now and then you save it until halving occurs and pray that the price goes up.

[lienfaye]

The market has surely taken a dip at the moment and you can clearly conclude that this might be the last correction time before we the market starts to rise again with the upcoming bitcoin block halving. This is the perfect time to buy the dips and sell when the price of coins and tokens increases.

Indeed, the market is currently in red status and a good timing to buy coins like btc and other popular alts.

So lets not take this dip negatively because its an opportunity to accumulate for those who dont have btc yet.

The correction we currently see is temporary plus halving is approaching hence be patient because good things will happen for this year (hopefully).

[leea-1334]

That is kinda the point of corrections, I mean when you go down that much you either go back up to a higher price than you initially were, or the people who caused the correction are right to sell and you go down. We either will go towards $11k+ price because now that people who sold around $10k levels are gone and sold their money so we can go beyond $11k+ a lot more easier than we tried last time, OR we gonna just keep going down because people are tired and out of money to keep try to get bitcoin to a higher price and reach around $8k or so levels.

Now, I do not see bitcoin go anything lower than $8k, that would be also idiotic from the people who end up selling under that price because we all know that is unsustainable price for the miners and eventually they will stop selling which will cause it to go up anyway so why would you sell it to begin with.

Corrections are completely natural I agree and a market needs it to be healthy,,, just see what happened when btc hit 20k without correcting. It went all the way down to 3k, and that hurt a lot of people. This is okay now. Staying at 10k several weeks and down to 9k. Remember, it can even go down to 4k, but that is the pure bottom in my eyes,,, long term always up!

[STT]

Time to be positive again for today and a few days forward at least.    I think till next Monday consider a bullish bias perhaps, seems to be part of the wider market and maybe look at that also for some tone to moves possible.

I'd generally say we've bottomed out in terms of normal movement, we've come down a bit and generally BTC isnt moving a large amount also not in one direction.


10k to 9k is 10% correction so the OP has a correction and now it corrects itself :p




50 day moving average there is blue and marks our bottom pricing.  I've tightened my stops.

[bitbunnny]

I beleive we are in a correction period but I wouldn't tell that this is something we should be worried about. Masne it's in contrary with expectations of many who after first price rise over 10000$ predicted strong growth but I would say that it's natural part of volatility.
Also, I don't expect some sharp price fall and price will continue to fluctuate. However, I don't expect that it might go under 8500$ in current situation.