Is the btc price correction done?

[Mahdirakib]

What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?

[p0wrnflakes]

It's not over yet, that's for sure

[Yaunfitda]

What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?

There is no such thing. Corrections always happened. As of the moment though, it looks like the panic selling is over, because bitcoin has somewhat recovered and even altcoins. They are all green currently. We don't know if the money coming in to bitcoin has stabilized because investors are constantly shifting between bitcoin and bitcoin cash. Let give it another day or 2 so if it somewhat "stable".

[fabiorem]

No. It is not.

We will have more FUD next weekend, always when the banks are closed.

Stay tuned for more fork drama.

[alyssa85]

Nope, it's not over.

The mempool is still over100,000, see

https://jochen-hoenicke.de/queue/#24h

And people stuck within the mempool, having paid a high fee and still finding their transaction unconfirmed are getting disillusioned. The longer this goes on, the more disillusioned people there are. And the more disillusionment, the more likely that these people will write off bitcoin and move to an alt.

[traderethereum]

i think the drama is not the end because i think there is a chance for bitcoin price is getting down again and maybe in next month bitcoin can be increase. i think if we can used this chance of the correction price, we can make profit too like others and no matter the price is up and down, we can still having profit. but yes, when i see in the blockchain, there is a large transaction that needs to be confirmed and until now the list is become bigger.

[cipher-x_09]

Not yet which is why the people are panicking and are shifting towards bitcoin cash, regardless this tend to happen most of the time because of the price of bitcoin is not stable and right now bitcoin price is at it's low but take note it is not as low as you think if you would have compare the price of bitcoin in the previous years.

[Wind_FURY]

What do you think guy's?

Is the btc price correction done?

Or it will go down again?

You will never know with Bitcoin. Sometimes it climbs really fast without warning. But to be safe you want to buy in these times of doubt. The lower the price drop, the better. I always advice everyone to buy the dip and hold onto to their coins with their dear life.

Or it's time to see the price to the moon?

What you really want to happen is for Bitcoin to fall more to give you more opportunity to buy.

[panju1]

What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?

The emotional reaction after Segwit 2x was cancelled is over. Now people are thinking hard about what are the implications if Bitcoin does not scale. If some positive noise is made about the Lightning network and other scaling solutions, we may stabilize at these levels.

[NorrisK]

It went close to what I predicted a few days ago..

The dust has settled after the cancelled fork and those that only got in for the fork are long gone. They are coin flippers, they don't stick around for days.

I think the correction is over, though swings of hundreds of dollars will remain for now.

[illinest]

It's not over yet, that's for sure

^^ This is the consensus opinion. I have to admit, my gut reaction is to agree. But I have two thoughts on that:

1) Everyone is seeing the same thing. From the momentum traders to the EW traders, most people see a 3-swing correction coming -- more downside after a bounce. "Everyone" is usually wrong in my experience. That is, if everyone thinks they can buy the dip, there is no dip.

2) The log parabolic structure: The $5400 low was damn near perfectly placed. A bounce and another leg down will start threatening the entire structure, suggesting that the rally is over. At this point, every move up and down should be getting more and more volatile, faster and faster. That's the nature of a parabola. Accordingly, I suspect there won't be another dip before new highs.

[timerland]

What do you think guy's?

Is the btc price correction done?

Or it will go down again?

Or it's time to see the price to the moon?

What happens in the short term in my opinion will not affect the long term mechanics of bitcoin. The price of bitcoin is really destined to go up at least until mid to late next year before a real correction and a bear market sets in.

Right now yes, the price correction for short term is done and we're looking at another bull wave.

We'll probably hit 10k by the end of the year, no doubt about that.

[Pursuer]

I don't know why every other  comment before me said it is NOT over where it seems to be all over now!
price literary crashed down to $5555 and after that it has been rising and has stuck around in $6500 level which is 10% below what it should be!

additionally the bitcoin cash drama has officially ended as the price of BCH started crashing and that is only getting harder day by day. currently at 0.19BTC or $1250.
yeah if BCH could keep its price up at 0.3BTC and keep rising at least to 0.5BTC without this reversal then you could say it is not over but BCH is falling and with its difficulty rising ridiculously high things will get bad over that chain.

[ask]

I cannot say its done. Its just taking a breath. In my opinion we will see under 4000$ level for a strong correction.
This was just a reaction to hardfork delay. We must see under 4000$ to go over 10000$ level.

[berkk]

It went close to what I predicted a few days ago..

The dust has settled after the cancelled fork and those that only got in for the fork are long gone. They are coin flippers, they don't stick around for days.

I think the correction is over, though swings of hundreds of dollars will remain for now.

This guy knows whats up

[pealr12]

No , the price isnt correct yet.  It should be $10,000 for bitcoins price and 400$ for ethereum that will be the correct price for this month. And for other altcoins price is always declared by whales.

[ahmadakbari]

In my opinion, the price might drop in coming days, But I don't think the price fall will be very significant as everyone who wanted to take the profit after price rise or had panicked has sold the coins till now. So I don't expect the price to fall very much even if the correction has not finished.

[sunsilk]

What do you think guy's?

Is the btc price correction done?

It's done for this moment but it can happen again in the near future when there are unexpected pumps that will make bitcoin's price increase massively again.

Or it will go down again?

Expected that when bitcoin's price increase there will be a down after it.

Or it's time to see the price to the moon?[/b]

With good news that are coming out about the CME, this is a possibility that is about to come so just keep on tuning in.

[teilwalL05]

The Bullish trend was call on a halt after some FUD have been brought up in the Forums and because of this BCH issue had pump in a higher place right now but the bitcoin price had pump and recover again I think we are finish with the correction right now and bitcoin was back in the more suiting price that it should have,

[SixOfFive]

I think correction is done...Price is now seems to be stable at about $6500 from last 2 days. A positive trend is seen in last few in BTC pricing which proves that panic sellers has already exited. Only those who believe in BTC are left, so there is quite a less chance of dips anymore. I take $6000 as a the strong base price and hope it makes a new high soon.