New ATH then correction of 35%+

[Viscore]

You heard it here first.

 

Waiting patiently for this 35% dip.....

I'm waiting for the ATH first that is possible to be seen in minutes.

Then I believe a dip is necessary to make the market healthy and we all have the opportunity to buy again at dip.
As of this writing bitcoin is already trading at $19700.. VERY CLOSE!

some monitoring here

https://www.binance.com/en/trade/BTC_USDT?ref=H31B921U

[KTChampions]

Why exactly 35%? For a highly volatile market and a correction after reaching ATH, this is an ordinary figure. It is even difficult to call it a correction - just increased volatility when ATH is reached. I think that if there is excitement and an incredible increase, the percentage of correction will be larger and more dramatic.

[thecodebear]

Now that it has rallied right back to ATH-levels after several day dip, I wanna see a push past ATH to like $22k-$24k before a full on correction to back to $13k-$16k range to set that up as solid support before moving past $20k for good this winter.

[2double0]

I don't think btc will fall that big because we were lacking volume during 2017-2018 pump and this time, there are lots and lots of institutions daily buying btc in such volumes which even present total mined btc isn't enough to meet the demands. There will be a correction as the coin has gone up so fast, but it will not be such a dip like old days so you better not expect it to give you a chance to buy it again at $3000 

[STT]

Volume always includes a buyer and seller, we are rising in price presumably because there is an excess of buyers but we can still move down on volume also.    There will always be more sellers to tip the balance in theory but in practice many hold fast at present prices and market sentiment.
    We sold with Thanksgiving, that could foreshadow the xmas effect as I like to think of it where we have a series of national holidays in many countries and we can get light headed in this atmosphere.    Sometimes xmas brings light volume and prices can rise during this, I assume prior we would have had selling perhaps but also xmas can bring selling as buyers cease to be the majority for that time.    Its a while off yet so its interesting how bullish can price act mean time.

[HaXX0R1337]

The price of bitcoin touched its all time high valuation today and i am waiting for the market to have a huge correction as you mentioned  . Whenever there is a correction the market is recovering so fast and that means there are huge investors glued to the market to invest whenever there is a correction and until these situation lasts i do not think we will see a 35% correction.

[philipma1957]

You heard it here first.

 

No we hit it and fall back a little.  Dance around 19500-20500

we will eventually move hard up to the range of 25k-30k.

This December

In January a big correction maybe 14-16k

Then take off in fall of 2021 over 50k.

[Febo]

Why exactly 35%? For a highly volatile market and a correction after reaching ATH, this is an ordinary figure. It is even difficult to call it a correction - just increased volatility when ATH is reached. I think that if there is excitement and an incredible increase, the percentage of correction will be larger and more dramatic.

He went after what happened in 2017 after old ATH was reach. History is usually similar but never totally repeats. We had correction from $19300 to $16300. That was about 15%. That could be it or we are still waiting for big correction.

[stomachgrowls]

Why exactly 35%? For a highly volatile market and a correction after reaching ATH, this is an ordinary figure. It is even difficult to call it a correction - just increased volatility when ATH is reached. I think that if there is excitement and an incredible increase, the percentage of correction will be larger and more dramatic.

He went after what happened in 2017 after old ATH was reach. History is usually similar but never totally repeats. We had correction from $19300 to $16300. That was about 15%. That could be it or we are still waiting for big correction.

For sure there are lots waiting for some big correction specially to those who sell off into those peak price between 19000-19800 and for sure those who had already secured out their profit will be
longing to see those deep reds to buy again and then Rinse and repeat on the same process.

-35% correction isnt something new into this market and people should really expect the unexpected from time to time.For now the price do able to held up strong on what we are seeing now.

It do corrects but not really that much of a severe case similar into those previous years that we do almost heading to the floor.Its really hard to make up some prediction if you dont know
on where it would go further.

[exstasie]

No we hit it and fall back a little.  Dance around 19500-20500

we will eventually move hard up to the range of 25k-30k.

This December

In January a big correction maybe 14-16k

Then take off in fall of 2021 over 50k.

You sound quite confident! I prefer to take it wave by wave. Things aren't that predictable.

I like your time line because it fits the current uptrend and also fits with tax season implications. But I'm still not convinced we're busting through the $20K area without a harsher pullback first. Between forum sentiment, the Fear and Greed Index, and long funding rates, sentiment tells me more and more people are expecting a strong push upwards very soon. That makes me wary of a shakeout. Greed often gets punished.

I'm still jumping back and forth between "tight stop mode" and sitting on the sidelines. I only want to rebuild a very large long position after a crash.

[Questat]

not yet New All time high, Bitcoin price is like a roller coaster,
of course this makes everyone confused, whether yesterday's correction really made Bitcoin price go up or down,
there are some predictions that Bitcoin will hit a double top, where the price will tend to be bearish.

That's where the excitement live, we don't see a new ATH here, people will either short or long it, it's two sides of action and when this will take long, those who short might win. Anyway, prediction of OP is still possible, we still have plenty of time, December has just started, we will see a crucial month to see how people react on the price movement.

[STT]

January leads into Chinese New year Feb 12th, could fit possibly but I dont know its that neat.  We have a new electoral term starting around then, I dont know thats helping via an easy money policy or stimulus cheque or who knows what upset might be perceived by markets but Im not guessing 50k for 2021.   I dont know why BTC should be concerned with dollar events like that but seems like it is.   We have too many deflationary events, it might equalise upwards eventually but theres alot of upset for the next year imo.
   Anyhow today I looked a few times and thought it's pulling back but also its made a slight higher price.    18500 is a price it needs to lose and also we are below 2 day average and lowest price today was a weekly average, it does seem like it must pull back further before a greater push upwards.  It could develop into pulling back for the rest of this year for all I know, alot of froth and hard to judge seems like.

[MCobian]

It is not surprising that when Bitcoin reaches a new all time high there will be a deep correction. This must happen,
so that the increase in Bitcoin can be even higher. But most people panic when correction occurs, even though we have
to stay calm and hold the Bitcoin that we have. Because it usually doesn't take long for Bitcoin to rise higher, after
the correction occurs.

[KTChampions]

Why exactly 35%? For a highly volatile market and a correction after reaching ATH, this is an ordinary figure. It is even difficult to call it a correction - just increased volatility when ATH is reached. I think that if there is excitement and an incredible increase, the percentage of correction will be larger and more dramatic.

He went after what happened in 2017 after old ATH was reach. History is usually similar but never totally repeats. We had correction from $19300 to $16300. That was about 15%. That could be it or we are still waiting for big correction.

Hmm ... maybe I'm confusing something, but it was no longer a correction. It was a downtrend with pullbacks and it continued right up to 3.5 thousand. I understand that we can distinguish different periods of time and call them differently, but in that case, everything is more or less obvious.

[LUCKMCFLY]

Why exactly 35%? For a highly volatile market and a correction after reaching ATH, this is an ordinary figure. It is even difficult to call it a correction - just increased volatility when ATH is reached. I think that if there is excitement and an incredible increase, the percentage of correction will be larger and more dramatic.

He went after what happened in 2017 after old ATH was reach. History is usually similar but never totally repeats. We had correction from $19300 to $16300. That was about 15%. That could be it or we are still waiting for big correction.

Hmm ... maybe I'm confusing something, but it was no longer a correction. It was a downtrend with pullbacks and it continued right up to 3.5 thousand. I understand that we can distinguish different periods of time and call them differently, but in that case, everything is more or less obvious.

There are many different factors that interacted in 2017, today in 2020 events so volatile and unexpected have occurred that it is difficult to establish a comparison at a Fundamental level, however, the patterns in the markets tend to repeat themselves, we are experiencing events such as the massive purchase of the 70% of the virgin bitcoins mined by Paypal, the announcements of many investors who have been migrating towards bitcoin, entrepreneurs who are accepting Bitcoin, this has somehow helped the price increase, because we cannot forget that COVID-19 it is cause for panic worldwide and markets are often compromised by these events.

[militiariko]

You heard it here first.

 

I think this happens time and time and time again; i noticed also that it doesnt have to be bitcoin alone; it happens with most tokens in the market; there is massive price increase followed by a price correction; then there is a repitition. Your prediction was correct lol; I implore traders to continue to do their own research

[smoothie]

Not sure if make a small bump above previous ATH qualifies to me as a "new ATH".

Need to see a sustained move for at least a whole daily candle before I consider it a new ATH.

Noise in the short term.

[cytpoway121]

if this happens then Bitcoin will be called a bubble again, hopefully this will not happen,
because if this happens FUD will continue, just positive thoughts, because bitcoin needs another $ 2000 to reach a new all time high

I think it is wrong to call bitcoin a bubble; either today or later in the future; price surges are normal in crypto currency as well as price corrections and as a trader i suppose you have to get yourself accustomed to this terms because it will continue to happen as long as crypto currency exists. One addition is that, you should continue to do your own research and focus on your trades.

[Zemomtum]

The correction is overdue and I will not be surprised if BTC retraced to the 14k region before taking off again and that is when the bull will start to run without looming back.

[wxa7115]

Not sure if make a small bump above previous ATH qualifies to me as a "new ATH".

Need to see a sustained move for at least a whole daily candle before I consider it a new ATH.

Noise in the short term.

It is what it is, an all time high is simply the highest price ever reached regardless of the time it remained in that level or close to those levels, so it qualifies as an all time high, what it will be interesting to see is what happens from now on, we are now seeing a very small correction, but for what I can see there are many so called news that are trying to scare weak hands from the market and I am curious about how will they react.

Will they get scared and begin to sell their coins? Because if they do they will play right into the whales and institutional investors hands as they will buy their coins in a heartbeat.