Bitcoin correction is healthy!

[fudster]

I also get used to have news like hack of an exchange when they want to drag the price down. Correction of bitcoin price doesn't have to go along with hack news and crypto regulation news, it seem to sound very planned. I always think some groups out there will release some big news after all these negative ones but that is after they bought all they can have.

[muzkle]

I know it is probably depressing for you

But

This dip is necessary to align the technicals

And

Clean out the bears

Bull run in the making

My Opinion!

After several tries to pass 6800$ but failed. this adjustment is correct. In the next 2-3 days Bitcoin will reach 7000-7200$

[CowboyX]

I completely agree! I think this fall will continue until the end of July, after which growth will follow, most likely it will not be too rapid

[t39]

I really want to hope for the end of bitcoin correction, it has been delayed for a long time. The correction will end when the big players will gain positions at the desired prices and give the green color to the positive news.

[reflector]

I know it is probably depressing for you

But

This dip is necessary to align the technicals

And

Clean out the bears

Bull run in the making

My Opinion!

Last few hours bitcoin and all the crypto currency value seems dull but I believe with in some hours of time. We will find the bitcoin price to reach its own peak with in this September to December. Normally December month starting the Christmas the all the whales will be in holidays that is the time but started its ramp walk in the price chart and its volume mate.

I am eagerly waiting for the bitcoin to reach its peak since I have commitment to sell for my personal expenses.

[gabmen]

I know it is probably depressing for you

But

This dip is necessary to align the technicals

And

Clean out the bears

Bull run in the making

My Opinion!

In fact, bull run brings many benefits to the community and it is hard to separate in the crypto market when it is not controlled. But it seems that recent volatility is not a correction that comes from another reason. The problem of hackers has created the process of dumping down at the current price.

I am aware of the Bancor hack!

That may hve played a part as to why bitcoin dropped significantly. Though i don't think it's healthy that exchanges get hacked every now and then. But this has happened before and bitcoin, even though struggling, was able to bounce back

[Gaaara]

The market is in normal since it is normal for the ones who buys it for $5800 to sell it so its a normal dump, so worrying won't do anything and the bull run is about to come it happens all the time, the only thing that has change is that there is more dumpers than supporters but if we continue supporting it we can boost it up and gain the confidence we've lost.

[arjuna BTC]

this is very healthy markets, because in technically bitcoin price can't break out the strong resistant at 6,800 USD and will down to 6,200 USD
this is only my personal opinion  my friend

[knolix]

Corrections are really necessary, I agree with you, we need to have clear traders and some day the corrections would come anyway. It's good that now it's in a big concentration.

[zikabra]

Nothing depressing here, corrections are common and this was only small correction.
I don't check price too often like some folks, I thought bitcoin went down to 5,000 but last time I checked value was 6700 now is 6400 it is not big deal really.
If you are holder come back after few months and then check price.

[Esterklu]

I remember when in December through total euphoria i read some people telling that correction will be hard. I told my friends - dont buy BTC, but they didnt listen. For me it was predictable and i am agree that it is normal after such fast growth.

[PrudnikovLS]

Your hopes are very inspiring. I also think that this is a completely healthy correction after which the active phase of price growth will be waiting for us. Crypto currency investors need to stay together and support each other in such difficult times.

[gongwall]

I agree with you. It's time for cleanse participant in crypto. In this time, I rarely watch price, instead try to invest in some interesting ICO, or try writing content for bounty.

[Cliparts]

Adjusting prices has increased me even more, as the ongoing price drop has made many people depressed, so it would not be good for us to invest in them now.

The price will stay above 6K and bounce back: Have faith!

I believe the price will not fall below the $6k because I have witnessed a fall or two below the said value which were recovered shortly after the fall. The July started with a kick and might end with a kick as well. Besides, the market for Bitcoin is in swing and this has started convincing the potential investors to invest and hold. This is something that can rise your profit margin and one can go good in the course of investment.

[skylar]

I agree that this correction is so healthy, still stand up at 6k level and this number is not bad compared to one years ago price. We experience some crazy pump at december 2017 till January 2018, so when we see at this moment price it is still healthy price IMO. I hope that there is no more crazy heavy pump & dump scenarios, its feel look like price manipulation for me.

[longminh123]

I agree that this correction is so healthy, still stand up at 6k level and this number is not bad compared to one years ago price. We experience some crazy pump at december 2017 till January 2018, so when we see at this moment price it is still healthy price IMO. I hope that there is no more crazy heavy pump & dump scenarios, its feel look like price manipulation for me.

Almost all markets in the world are on the downward trend and Cryptocurrency is also severely affected. I think this correction is not over yet as investor psychology has not stopped yet but hopefully soon to end the next few weeks. We need funds from whales to help the market become better because I'm sure the uptrend is about to start.

[tmoney88]

I agree with this. Market should take off anytime now. the biggest gains in crypto history happened this past year. This bear market was foreseeable to correct itself. Personally in my opinion, I think we could see an even bigger bull market come.

[jossiel]

Thank you for your words of hope. This is really painful. Bear market seems never-ending, and today's dip has been really depressing.

Waiting for Bart to do his thing soon

It's just a matter of time and if you have been to the market for years, you'll get used to it.

But if you are still quite new to this market, you have to start looking and studying the charts again today and for the past years.

If you are started to studying the charts you will know it on how's the market movement that is too volatile.
You will not be afraid if the market or bitcoin price are down because soon it will increase again.

From the very start the market is very volatile, bitcoin and other cryptocurrencies that aren't stable. All of them are volatile except the stable coins, many says that TA's don't work anymore.

But that's the right time to prove to yourself that TA's can still be reliable but don't share it to others and keep it only to you. Others are happy to see our mistakes and wrong predictions so whenever there is something wrong with your TA, you're fine with it.

And at last, you are learning and you are gaining experience.

[jets567]

I think this one is really just a part of the processs, to think that this is really normal what ever you are trading. Name it whatever it is forex, stocks or commodity there really bearish stages. You can't expect an everyday uptrend but the thing is there will always be recovery in every drop. So all we can do is just wait for the right timing in order for you money to have a great value to satisfy your needs or greed.

[morgan4140]

Bitcoin fell again in price by almost $ 500. The only good thing is that the dominance of bitcoin is 44 percent.