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Author Topic: Why hasn’t the correction happened yet? Or has it?  (Read 156 times)
Fesatmas
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December 21, 2020, 06:27:53 PM
 #21

The current Bitcoin ATH are still on going will or may go up to 30k$ more or less unlike on 2017, the current hype isn't the same as investors are conscious and many new institutions are adapting to bitcoin which makes a stronger resistance.


indeed the sensation is very far from 2017, this is an extraordinary ATH throughout history. It's no wonder why it has waited so long for a correction. Even early January, it is uncertain that there will be a major correction. Due to the large potential waste, it is difficult to do when the ATH position is far from the initial prediction .. in fact this breaks all the analysis specifications.

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December 21, 2020, 07:45:15 PM
 #22

I’m perplexed, the price keeps going up and no correction. Can someone explain or is it boiled down to no one knows when and anything can happen?
Explaining what happened is very simple, the demand for bitcoin is still there and as long as it is this high the price will remain where it is, if you are expecting a bigger drop in the price then there needs to be a drop in the demand and an increase in the supply of coins in exchanges, when will this happen? Well, no one knows and anyone telling you that he does is either lying to you or has deceived himself so thoroughly that he actually believes his own nonsense.
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