Will BTC on correction mode after reaching USD1784.71?

[Denker]

iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin

i don't think it will be big this time. we have already seen the correction, and this time the news about ETF hasn't been the topic at all, nobody was even talking about it. and surely everyone knows the chances of approval is still as small as it was the first time.

I agree. The decision by the SEC had been made and nothing substantial is different compared to march.
Bitcoin still can not be controlled and hopefully never will be.
That's why we all know another rejection will be announced and therefore I do not expect anything big to happen in terms of the market price. Maybe a short dip which will be used the smart ones on the sideline sitting and waiting to buy even more coins.

[1714127135]

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[nethan1btc]

iam hear 15th may SEC announcement about ETF proposal
i think if SEC rejected again, big bitcoin user can playing price with dump, so if SEC rejected bitcoin price can down under 1500 dollar/bitcoin

i don't think it will be big this time. we have already seen the correction, and this time the news about ETF hasn't been the topic at all, nobody was even talking about it. and surely everyone knows the chances of approval is still as small as it was the first time.

I agree. The decision by the SEC had been made and nothing substantial is different compared to march.
Bitcoin still can not be controlled and hopefully never will be.
That's why we all know another rejection will be announced and therefore I do not expect anything big to happen in terms of the market price. Maybe a short dip which will be used the smart ones on the sideline sitting and waiting to buy even more coins.

At first that was my expectations all about but in reality, it was just a smooth drops and then it goes back again rising to over $1700. Just like what I've replied from last previous quotes last week that now is the better time to invest because the assurance is already here and we see the actual signs based on how bitcoin price really performed in the market. The correction been made was a definite proof on how bitcoin is really been improving in such ways people are now adopting it globally, and behind all the campaigns specially social media and bitcoin related adds; this is now happening eventually.

[elegant_joylin]

How low will it corrrect?

[White sugar]

How low will it corrrect?

Probably as low as near $2000

[Silberman]

From USD1784.71 high, it's now trading at USD1699.83 due to massive buy in Japan and legalization of BTC in Aussie.
After this news, and if the support cannot hold,  I'm looking at a 23% retracement back to USD1374.23?

Caveat!  

Link: https://coinmarketcap.com/currencies/bitcoin/

Share your thoughts here.

I hope it does but the price seems to be increasing still, there does not seem anything that can stop bitcoin at the moment, it is incredible that we seem to have lost the ability to buy bitcoin for less than a 1000 and after a few weeks it may be possible we will never be able to buy bitcoin for less than 2000.

[elegant_joylin]

Is not a correction but rather trending higher back to $4K

[elegant_joylin]

BTC all time high