New ATH then correction of 35%+

[jrrsparkles]

Happy 20k everyone!

This may be the ATH breakout and then breakdown I originally spoke about. See my last post about my definition of ATH and let's see if early next year we get a 30-35% correction as people capitalize on tax deferral into 2022 by selling in 2021 January.

We are now setting new records I hope that 35% correction will not happen it's just to huge it's more like a big crash, it will not happen if the holders do not sell, yes they can sell some but not ll of it or half of it, we do not have the luxury of going down to the $15000 then coming back again, it's like we are starting all over again.

But the good thing is still the price of bitcoin is increasing which means we are still in the reach of new all time high so let's take 30K as new all time high followed by the correction as OP mentioned then it is still a healthy correction.

[Yaunfitda]

Happy 20k everyone!

This may be the ATH breakout and then breakdown I originally spoke about. See my last post about my definition of ATH and let's see if early next year we get a 30-35% correction as people capitalize on tax deferral into 2022 by selling in 2021 January.

We are now setting new records I hope that 35% correction will not happen it's just to huge it's more like a big crash, it will not happen if the holders do not sell, yes they can sell some but not ll of it or half of it, we do not have the luxury of going down to the $15000 then coming back again, it's like we are starting all over again.

It's inevitable though, if the market decided to go south and make a 35% corrections as others are pointing it, then we couldn't stop it. Big crashes is also part of bitcoin's history, but what's important is how it's going to recover after that. We have seen worst corrections, but bitcoin is very resilient so it's possible that we can see $15k again, or revisited $18k.

It will be a total reset, but we have full 12 months next year to bounce back to $30k or even more.

[JohnBitCo]

Happy 20k everyone!

This may be the ATH breakout and then breakdown I originally spoke about. See my last post about my definition of ATH and let's see if early next year we get a 30-35% correction as people capitalize on tax deferral into 2022 by selling in 2021 January.

We are now setting new records I hope that 35% correction will not happen it's just to huge it's more like a big crash, it will not happen if the holders do not sell, yes they can sell some but not ll of it or half of it, we do not have the luxury of going down to the $15000 then coming back again, it's like we are starting all over again.

Do you think we will have a correction below 20K ?  There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too. Although i think we need a healthy correction before moving further otherwise the dump will be more brutal.

[ice18]

Do you think we will have a correction below 20K ?  There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too. Although i think we need a healthy correction before moving further otherwise the dump will be more brutal.

The huge possibility is it may drop at $16k level and then watch for another uptrend which btc will possibly skyrocket up to $35k watch at $23k to $24k levels since correction may occur at this level.

[stomachgrowls]

Do you think we will have a correction below 20K ?  There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too. Although i think we need a healthy correction before moving further otherwise the dump will be more brutal.

The huge possibility is it may drop at $16k level and then watch for another uptrend which btc will possibly skyrocket up to $35k watch at $23k to $24k levels since correction may occur at this level.

$24k hasnt been broken yet but we do almost reach out that price but the price had eventually corrected and made up some pullback.Thing here is that it didnt really go down so much
on where it went below 20k price point which is really an indication that we do really have some strong supports below which would really avoid the price to go down into those levels
which we dont want to see again.

-35% correction is most likely to happen yet we know on how unpredictable this market is.The important thing here is that you do know on how to play with these movements.
Expect for correction from time to time rather than anticipating that this bullish run would continue even more.

We cant just expect nor see the market will continue to behave like this and we know that there would always be a sell-off afterwards.I had already secure out my profits
that ive been holding for too long.Dont make or let yourself being greedy or else it will really be the cause for you to regret.

[exstasie]

Do you think we will have a correction below 20K ?

Yes, probably.

There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too.

Sure, we could easily see $25K first, then get a brutal 35% crash to $16K. The short term is way too difficult to predict, especially since price is in uncharted waters.

This is more about knowing where things are headed once the selloff begins, which historically is a 33-42% decline from the top. If you were around in December 2017 or June 2019, etc. then you'll know what that kind of breakdown looks like. Then you can focus on where to catch the knife.

[Febo]

There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too.

There are also many short time traders that bought Bitcoin with a vision that will go over $100 before end of the year. Sooner or latter they will lose patience and sell. It is just some China or whatever FUD needed to shake them out. Anything is possible with Bitcoin. What I pray to god is that we finished with Vegeta memes.

[darewaller]

Do you think we will have a correction below 20K ?  There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too. Although i think we need a healthy correction before moving further otherwise the dump will be more brutal.

The huge possibility is it may drop at $16k level and then watch for another uptrend which btc will possibly skyrocket up to $35k watch at $23k to $24k levels since correction may occur at this level.

I believe correction will not be as big as $16k, that is too low to fall and if it falls from here to $16k levels that would mean the start of a big bear run, hopefully that will not happen and we will do a lot better than that for a correction. Difference between correction and bear run is a tiny one, sometimes we go down to a level where I believe it will be just a correction and go back up, but we go on going down and surprise me, sometimes I think it is a bear run and it becomes just a correction and goes up.

So, I can't say if $16k is guaranteed start of bear run but we are above $23k right now, we should not be that low if you ask me. That is why I think around $18k-19k levels are smarter levels, that would be $4-5k drop and after that we could definitely try for a higher level, something like a $35k or bigger could be possible after that.

[Quidat]

Do you think we will have a correction below 20K ?  There are so many buyers that they are not letting bitcoin fall below 22K and if this consolidations continues we may see 25K too. Although i think we need a healthy correction before moving further otherwise the dump will be more brutal.

The huge possibility is it may drop at $16k level and then watch for another uptrend which btc will possibly skyrocket up to $35k watch at $23k to $24k levels since correction may occur at this level.

I believe correction will not be as big as $16k, that is too low to fall and if it falls from here to $16k levels that would mean the start of a big bear run, hopefully that will not happen and we will do a lot better than that for a correction. Difference between correction and bear run is a tiny one, sometimes we go down to a level where I believe it will be just a correction and go back up, but we go on going down and surprise me, sometimes I think it is a bear run and it becomes just a correction and goes up.

So, I can't say if $16k is guaranteed start of bear run but we are above $23k right now, we should not be that low if you ask me. That is why I think around $18k-19k levels are smarter levels, that would be $4-5k drop and after that we could definitely try for a higher level, something like a $35k or bigger could be possible after that.

We cant really remove that kind of possibility because it can really happen just like on what we had saw in the past where we do believe that it is way too far for us to drop like that but
we did even touched 3k to the lowest where everyone do presume that we might be ending up on having less than a thousand price.Everything is unpredictable this is why its hard
to say that we wont really be dropping that low but dont removed into your mind for the possibilities which do always lurk in the side.Correction and pullbacks are common
because you wont really be calling this as a market if it wont really be correcting and just continue to rise.There's always a sell off level but lets hope that it wont really be that bad.

[Stedsm]

@OP, Least I could see there coming whenever the time of dump would be, $19500 and if even worst, then it will be near $16750.

So your target of 35% will be touched, not as an exact number but to its nearest and that too won't be so quick but slowly as the money is settling things for BTC in such a way that it is now looking to range itself higher.

[Kelvinid]

We are now setting new records I hope that 35% correction will not happen it's just to huge it's more like a big crash, it will not happen if the holders do not sell, yes they can sell some but not ll of it or half of it, we do not have the luxury of going down to the $15000 then coming back again, it's like we are starting all over again.

It is either to happen or not, we can't stop it, and inevitable. As some say that, the quickest it hits the peak, is just also the way it dumps. That is why we better have expecting dumps after this and anticipate the market corrections first. If we have some Bitcoins in our wallet, the best thing to do is to secure them now.

I have once missed it last 2017 coz I was thinking that the bullish trend will continue and I keep holding, but it was very unfortunate that it dumps. I'm thinking the same scenario and this time (for me) I shouldn't have to lose it again.

[smyslov]

It's scary if that 35% happens so far the market is still good, the momentum is still there, there's still potential for Bitcoin to reach $25000, I expect correction to happen but not what OP predicted a 5% correction will be ok and we can still consider a bull run trend, I hope if there's a correction it will happen next year.

[KTChampions]

I wonder if such a correction happens how many people will make additional purchases? A funny psychology - now it is expensive to buy because the growth has already taken place and many are waiting for a correction. But after the correction happens, it will be even more difficult to buy as everyone will expect further decline.

[Viscore]

I wonder if such a correction happens how many people will make additional purchases? A funny psychology - now it is expensive to buy because the growth has already taken place and many are waiting for a correction. But after the correction happens, it will be even more difficult to buy as everyone will expect further decline.

They won't because this is correction and big correction usually cause panic among buyers, especially the newbies who were into FOMO and bought bitcoin at its peak, we will certainly see that soon as the market will certainly start its correction anytime.

[Kopetunto]

I wonder if such a correction happens how many people will make additional purchases? A funny psychology - now it is expensive to buy because the growth has already taken place and many are waiting for a correction. But after the correction happens, it will be even more difficult to buy as everyone will expect further decline.

They won't because this is correction and big correction usually cause panic among buyers, especially the newbies who were into FOMO and bought bitcoin at its peak, we will certainly see that soon as the market will certainly start its correction anytime.

today the correction has occurred, a decline of almost $ 3000 occurred in the price of Bitcoin,
of course this is a deep correction, but the recovery is also very fast,
reportedly Mycrostrategy also bought bitcoin again, whether this is a sign that the bullish is really strong or not.

[Sebas.tian]

I wonder if such a correction happens how many people will make additional purchases? A funny psychology - now it is expensive to buy because the growth has already taken place and many are waiting for a correction. But after the correction happens, it will be even more difficult to buy as everyone will expect further decline.

They won't because this is correction and big correction usually cause panic among buyers, especially the newbies who were into FOMO and bought bitcoin at its peak, we will certainly see that soon as the market will certainly start its correction anytime.

today the correction has occurred, a decline of almost $ 3000 occurred in the price of Bitcoin,
of course this is a deep correction, but the recovery is also very fast,
reportedly Mycrostrategy also bought bitcoin again, whether this is a sign that the bullish is really strong or not.

Basically the correction occurred and the recovery level was fast, this signifies that Bitcoin has started growing unlike before when we had something close to $1k correction it do take Bitcoin some days to recover. This Bitcoin correction was reportedly be fast becasue of the Mycrostrategy investment, so, things will continue this way as institutional investors awake and Bitcoin will make us proud as the best investment.

[ReiMomo]

If you're afraid of the correction is this a good idea?

If converting bitcoin to either stable coin or USD will give the same impact I guess they can be both get affected by the changes in the purchasing power of the currency. If the price of bitcoin would dump as what most are expecting after the ATH I could suggest that the only options we have are to convert it into USD or stable coin which has a higher chance of saving its value rather than being dumped when the price corrections take place.

However, I'm in doubt that price correction will happen again since the bitcoin enthusiast right now is already aware of what may happen if they will do the same thing as they did in 2017 and due to mass adoption we might experience price shakes but it could easily be recovered and boost the price again in an upward trend.

[Hamphser]

I wonder if such a correction happens how many people will make additional purchases? A funny psychology - now it is expensive to buy because the growth has already taken place and many are waiting for a correction. But after the correction happens, it will be even more difficult to buy as everyone will expect further decline.

They won't because this is correction and big correction usually cause panic among buyers, especially the newbies who were into FOMO and bought bitcoin at its peak, we will certainly see that soon as the market will certainly start its correction anytime.

today the correction has occurred, a decline of almost $ 3000 occurred in the price of Bitcoin,
of course this is a deep correction, but the recovery is also very fast,
reportedly Mycrostrategy also bought bitcoin again, whether this is a sign that the bullish is really strong or not.

Basically the correction occurred and the recovery level was fast, this signifies that Bitcoin has started growing unlike before when we had something close to $1k correction it do take Bitcoin some days to recover. This Bitcoin correction was reportedly be fast becasue of the Mycrostrategy investment, so, things will continue this way as institutional investors awake and Bitcoin will make us proud as the best investment.

People does have different impression between a correction and a price crash.Of course we would be seeing correction in price but eventually it would really be recover afterwards.

This had been a pretty common path that we are taking.It might have that definite time on when it would happen but somewhat we do have some assurance that it can happen in long term.

Just be sure that you do know on what to do when theres some opportunities to get in while its still cheap.

[bearexin]

Another example of bitcoin price going up and down a bit happened today, we have reached to %4 or so fall once again, we were over 24k price and now we are under 23k price, which shows you that we have gone down a bit today. However just because we have small corrections doesn't mean that we are going to keep having those kinds of corrections and turn it into a bear run neither.

It is just once or twice before we do a big jump, it always happens and will always happen before those big increases. For example before the big increase we had right now, we already dropped under 17k, reached nearly at around 16.3k all the way from 19.8k price and that fall was scary for many many people. However we are above 23k or so now right? Obviously that was just one thing but we had similar stuff a lot of time before as well, which could be what is going on right now as well.

[Taskford]

I wonder if such a correction happens how many people will make additional purchases? A funny psychology - now it is expensive to buy because the growth has already taken place and many are waiting for a correction. But after the correction happens, it will be even more difficult to buy as everyone will expect further decline.

They won't because this is correction and big correction usually cause panic among buyers, especially the newbies who were into FOMO and bought bitcoin at its peak, we will certainly see that soon as the market will certainly start its correction anytime.

today the correction has occurred, a decline of almost $ 3000 occurred in the price of Bitcoin,
of course this is a deep correction, but the recovery is also very fast,
reportedly Mycrostrategy also bought bitcoin again, whether this is a sign that the bullish is really strong or not.

Basically the correction occurred and the recovery level was fast, this signifies that Bitcoin has started growing unlike before when we had something close to $1k correction it do take Bitcoin some days to recover. This Bitcoin correction was reportedly be fast becasue of the Mycrostrategy investment, so, things will continue this way as institutional investors awake and Bitcoin will make us proud as the best investment.

People does have different impression between a correction and a price crash.Of course we would be seeing correction in price but eventually it would really be recover afterwards.

This had been a pretty common path that we are taking.It might have that definite time on when it would happen but somewhat we do have some assurance that it can happen in long term.

Just be sure that you do know on what to do when theres some opportunities to get in while its still cheap.

Because not everyone know how to read the chart that's why they always think about crashing on e bitcoins price dump, but for the person who always read the chart they know where to position to possibly gain that's why I encourage everyone to learn the basics of chart reading since this one is really helpful so that they will not easily get panic by the people who tell the bitcoin price will dump so hard.