Was 22.3K the correction?

[blckhawk]

Was that price the correction or are we expecting it to hit 20K?

It's hard to tell where the correction is going now we are in a bull run and Bitcoin is setting a lot of new records but if there's a correction between 22 and 23k we need not worry as long as there is no bad news, and no price crash I have a strong feeling that Bitcoin will end up in the $24 to $25 level, we only expect $20000 but the price reached $23000 it's really a big year ending surprise.

Indeed. It was beyond my thought that Bitcoin will grow this much, in fact, I was only thinking that only breaking the $20k USD because the resistance was really strong that time but look at it now. Bitcoin is now currently playing around $23k-$24k USD and there's even a chance that it might touch $25k USD before this year ends. Regarding the correction, I'm not quite sure about that because all I can see are just a bunch of Bitcoin resistance.

[jrrsparkles]

Was that price the correction or are we expecting it to hit 20K?

Have you seen the recent spike its already on 24K$ .It means we are strongly at the bull run .Which are not surviving and still there is no chance of downfall and nvere be at 20K$ soon .I think we can touch 30k$ at this year hand cause we still have few days to end and btc is rising fast .Everything is possible on crypto we need to eye on the market always .

$30K is possibly though but in my opinion 25k will be good enough to reach at the end of this year so the trend can continues in the next year as well but if the 30K happens all of a sudden then it may drag the whale's activity more so there are chances of panic selling will be executed once the manipulation started.

[DevilSlayer]

It was a correction, one of many.

People still get surprised anything like this? Without even realizing that we had been facing this for a decade now. 
Correction can happen anytime because it wont really be called a market if there would be no price pullbacks to happen.
We cant just see a market that have some continous rise and therefore we should really be making out some measures
on buying out while its still cheap and waiting for some good run or increase for us to make profits.

Understanding the structure of the market is important because a lot of people are losing because they always think that the price will continue to go up without knowing that there should be consolidation first and also pullbacks. There is a recent pullback wherein the price goes down at $21,800 but that pullback indicates strong price move rebound because there is huge wick indicating that there are a lot of buyers that bought in that area. Right now, the price is consolidating and I keep seeing many people that are worrying because the price is still not moving. They do not know that consolidation is important and it is normal to see a price pause before it goes another rally.   

[palle11]

I believe that this thread would have made many people surprised by this time that price has gone far than the speculated price. Bitcoin price is above the speculated amount from traders a

[Fatunad]

I believe that this thread would have made many people surprised by this time that price has gone far than the speculated price. Bitcoin price is above the speculated amount from traders a

How much more to those people who had been just guessing in 14-16k price? Remembering up some threads which people do keep speculating on prices in the future
but this one will really result into different numbers since we cant precisely predict on what would happen in upcoming months or years to come.
Correction is something that can happen always because we cant just see a market that will only rise, there would be a decrease when people are selling off their investment
and trying to do the same thing again when the price had dip a bit.

[STT]

To return to 22.3k now would take some doing but its still possible.   On a chart theres a few levels of support and trend of buying above that price, so on a map it would be on the edge of possible destinations for price to travel near term.



Market doesnt want to pull back especially right now but I bet theres some profit taking and general supply coming in, but also demand too which I wonder if its still rising or not and its the tipping point in balance between those two which really gives us the price decided.  22.3k is a corrective price though, it was previously and it would be now.   Its a ledge in any fall likely to have some orders placed at it to buy in, 22.7 is more prominent above that.   We're way off currently, I just wanted to look at daily bars where its still within scope

[Cherylstar86]

Was that price the correction or are we expecting it to hit 20K?

Maybe at $21k price corrections upheld since many holders will going to sell their coins nowadays.
Hopefully other traders would learn to acquire self control and avoid weak hands, because that's the reason why most fluctuations tends to initiate due to emotional stress. We can handle it though constant market monitoring and daily analysis.

[Twinkledoe]

To return to 22.3k now would take some doing but its still possible.   On a chart theres a few levels of support and trend of buying above that price, so on a map it would on the edge of possible destinations for price to travel near term.



Market doesnt want to pull back especially right now but I bet theres some profit taking and general supply coming in, but also demand too which I wonder if its still rising or not and its the tipping point in balance between those two which really gives us the price decided.  22.3k is a corrective price though, it was previously and it would be now.   Its a ledge in any fall likely to have some orders placed at it to buy in, 22.7 is more prominent above that.   We're way off currently, I just wanted to look at daily bars where its still within scope

Interested if 22.3k really will be the corrective price here. As we are in the 27k mark, going down is imminent, but going down below 23k is really hard at this moment. Speculations is always there, but seems that the price is really going strong because a lot of these financial institutions keep on pouring their money.

[Zemomtum]

That seems to be a perfect correction based on the current uptrend we are witnessing, although, I am expecting some correction as we have moved so fast in just a short period of time

[Kong Hey Pakboy]

That seems to be a perfect correction based on the current uptrend we are witnessing, although, I am expecting some correction as we have moved so fast in just a short period of time

Bitcoin's price is really far from our expectations and speculations that it goes beyond to it's ATH price in just a short period of time, and its price is currently stable in $26K+. But most bitcoin users are still cautious because no one really knows if bitcoin will make a huge downfall again like what happened in 2017 or it will stay it's price above $20K.

[Questat]

That seems to be a perfect correction based on the current uptrend we are witnessing, although, I am expecting some correction as we have moved so fast in just a short period of time

Bitcoin's price is really far from our expectations and speculations that it goes beyond to it's ATH price in just a short period of time, and its price is currently stable in $26K+. But most bitcoin users are still cautious because no one really knows if bitcoin will make a huge downfall again like what happened in 2017 or it will stay it's price above $20K.

We never know but at the moment, let's just enjoy bitcoin trying to achieve another ATH at $30,000.. I can't say it's enough because it's really proving us wrong with our expectation, it might continue to rise but I'm certain correction is just around the corner.

[Twinkledoe]

That seems to be a perfect correction based on the current uptrend we are witnessing, although, I am expecting some correction as we have moved so fast in just a short period of time

Bitcoin's price is really far from our expectations and speculations that it goes beyond to it's ATH price in just a short period of time, and its price is currently stable in $26K+. But most bitcoin users are still cautious because no one really knows if bitcoin will make a huge downfall again like what happened in 2017 or it will stay it's price above $20K.

We never know but at the moment, let's just enjoy bitcoin trying to achieve another ATH at $30,000.. I can't say it's enough because it's really proving us wrong with our expectation, it might continue to rise but I'm certain correction is just around the corner.

And if there will be correction that will happen in the future, I don't think it will fall below 25k. We are almost hitting 30k now. And if these financial institutions keep on buying, that means they are seeing that bitcoin will be valued more than 30k. This is really a great start for this year. We never expected this to happen in bitcoin as pandemic is still around the corner.

[Questat]

That seems to be a perfect correction based on the current uptrend we are witnessing, although, I am expecting some correction as we have moved so fast in just a short period of time

Bitcoin's price is really far from our expectations and speculations that it goes beyond to it's ATH price in just a short period of time, and its price is currently stable in $26K+. But most bitcoin users are still cautious because no one really knows if bitcoin will make a huge downfall again like what happened in 2017 or it will stay it's price above $20K.

We never know but at the moment, let's just enjoy bitcoin trying to achieve another ATH at $30,000.. I can't say it's enough because it's really proving us wrong with our expectation, it might continue to rise but I'm certain correction is just around the corner.

And if there will be correction that will happen in the future, I don't think it will fall below 25k. We are almost hitting 30k now. And if these financial institutions keep on buying, that means they are seeing that bitcoin will be valued more than 30k. This is really a great start for this year. We never expected this to happen in bitcoin as pandemic is still around the corner.

$25k? you can never tell, what happened in the past, bitcoin reach almost $20k and it fall to $3000 that's 6 times of fall, therefore it's not impossible for bitcoin to fall below $20000 or even $10000, however, all of these are just possibilities, it's still important what you believe.

[Reatim]

I believe that this thread would have made many people surprised by this time that price has gone far than the speculated price. Bitcoin price is above the speculated amount from traders a

And at least OP's question about being corrected in Dec 21 is correct ,because that's the lowest price from December and after that Bitcoin Go Wild and Break Multiple ATH this December alone.

That seems to be a perfect correction based on the current uptrend we are witnessing, although, I am expecting some correction as we have moved so fast in just a short period of time

Bitcoin's price is really far from our expectations and speculations that it goes beyond to it's ATH price in just a short period of time, and its price is currently stable in $26K+. But most bitcoin users are still cautious because no one really knows if bitcoin will make a huge downfall again like what happened in 2017 or it will stay it's price above $20K.

Now that we are in 2021 already Yet Bitcoin Price is at more than 29,300 and seems like will be making another ATH in any moment ,the last recorded is 29,400 .

[Searing]

Was that price the correction or are we expecting it to hit 20K?

damn...has been a month.....fun times...

looks like going back to the original price of BTC when this thread started!

Bitcoin "You merciless Bitch!"

But really on December 21st,2020 the price of BTC was $23,851.48 (see www.coinmarketcap.com)

current price is $29,543.80 from an ATH of $39,421.41 (see www.coinmarketcap.com)

Zowie! I guess if you have "Institutional Investors" and the HODL'ing gets "tough" they take their profits and leave the table ....got to justify

them bonuses don't ya know?

Hell, at this rate the big money and profit-taking by institutional investors could make BTC volatility much worse!

fun times

Brad

[exstasie]

Zowie! I guess if you have "Institutional Investors" and the HODL'ing gets "tough" they take their profits and leave the table ....got to justify

them bonuses don't ya know?

Hell, at this rate the big money and profit-taking by institutional investors could make BTC volatility much worse!

I'm pretty sure it's the opposite. Grayscale is buying thousands of coins a day. The institutions behind those inflows obviously aren't selling into this dip. In fact, they can't since there is a 6 month lockup period for new GBTC shares.

It's weak handed retail investors who are dumping. I was hoping for a sub-$30K dip to shake them out because now they will act as fuel for the next leg up, chasing the market to get their coins back. Once the market pushes above $42K, things will get crazy again very fast.

[ethereumhunter]

The price already touched $28,800 as the lowest price, according to Poloniex, but the price now can rise to $30k. But there is still a red candle on the market, so we need to be careful because there is no guarantee that the price will stay at the current price. The price can go down for more, so we need to give extra time to watch the movements and not be late to decide. But I feel that this January, the price will not go up to the high price, but it will stay at a low price like this. I hope I am wrong about that.

[STT]

Theres waves of doubt that come in after a move down, market takes time to work through that before resolving its final direction either way.    I'd say we are bullish above 30500 or so, however overhead is the monthly average.    I'm told volume favours a further rise from here but appearance might put a few people off, depends on sentiment to some extent and wider markets possibly.
   The price is undecided for the moment and hard to judge, a difficult trade is sometimes best avoided hence I always said trending market is ideal and times like now require alot more attention.  ie. we broke trend

[kapalmabur]

Bitcoin price was below $ 30000, and touched $ 28800 on Binance, but only to making wicks, im sure this is strong support.
and of course this makes the bulls continue, don't be trapped by whales, if you really want to buy bitcoin I'm sure this is a good time,
because a bounce will happen , and the target is over $ 40k, good luck mate!

[hahay]

The price will continue to weaken I think because although it looks like there is a quick recovery but still, it will not last long and the decline is happening again. The price is going up and down fast but it doesn't provide a strong pattern for the price to go up any time soon, so with this downside I'm sure the price will still decline or it will just continue to struggle so it can get stuck between $30k.