Let's discuss: How big will the next correction be? And when will it occur?

[kotajikikox]

Hi guys,

given the immense growth the last few weeks, I was wondering what the community thinks about the next correction. How big will it be in your opinion. And when will it occur you think?

All opinions are very welcome!

can't certainly say because price is still going up so analyzing the correction amount is hard,but since we already hit $17,000 maybe cut of at least 2000 from that value?and from that means $15k base value the run will start again and may bring the new ATH as majority of us expect to be happen this end year or mid of the following year.
but what I'm hoping is the flow will continue and not a bulltrap.

[davinchi]

It is too soon to talk about a correction right now, there are small tiny corrections happening all the time anyway, we have seen bitcoin broke over $18k and drop to under $17k and now it is again bullish, that was a "correction" because that is the correct way to call it. Those type of small corrections will happen, it could drop under $18k very quickly, be at around $17.6k or $17.8k levels for a day or two and go over $20k this time around when it moves up.

However it is too soon to  talk about a correction that would be like $10k+ drop, like reach to $8k or under, that would be too huge and I do not see it happening anytime soon, it would take a HUGE whale to sell tens of thousands of bitcoin all at once all around the market for something like that to happen and I doubt it would right now.