Bitcoin price correction, When?

[tobs]

Bitcoin is now being pumped and whales are just trying out how far can they push it untill it falls, then we will see again that 2500/2700 range for some time. I've been looking out of curiosity at the buy and sell offers on some exchanges and literally saw someone out of sudden setting a price of 4000 with lots of tiny buys just to make other people give higher buy offers and then he bulk sold it with pumped price. Bitcoin isn't going that fast up only because of it's features and technologies. It's sensible to expect bubble explosion, but as I said the bottom is still at least 2500.

[alyssa85]

When do you think the correction will happen?

It's weekend and usually people tend to take their profits at the weekends.

People take profits when it hits round numbers. So $4000 is the target, and only after that is hit will it pull back. It's true that sometimes there are dips on the weekend, but that is due to the difficulty in moving fiat to the exchanges on the weekends.

(I initially thought the Bitfinex thing would hold back the price, but the market is ignoring it for now).

[selline]

chances are there will not be in the know with the price of the bitcoin, when we have a correction about the price of bitcoin, maybe if the weekend price might be lower because there is no user who really dumping out of nowhere when the weekend they're throwing away for fear of the majority. and this can not be predicted precisely