Big BTC price correction incoming????

[reevofev]

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?


I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.


 

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[Tstar]

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?


I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.


 

Nobody really knows and nobody really can tell you.

Fifty percent of the people expected a big correction at $20 000, then at $30 000, but the price is still going up. In another post, I wrote a thought of the Winklevoss twins: $500,000 is a “really conservative” target.

[Ryker1]

^[snip]
Nobody really knows and nobody really can tell you.

Well, you have a point there. Nobody knows when it will have that there is a ^[BIG] correction or just a normal correction that bitcoin has.
But if you will look at it closely, bitcoin will never drop too much even beyond $30k, the reason is bitcoin gained trust from the community and even public investors were adopting now to bitcoin and different big names in private company was now also adopting bitcoin. On other hand, bitcoin was in the mainstream and the awareness of people makes the demand increase than the supply.

[Baofeng]

We have barely touch the bull run for this year, so for me, I'm not expected flash crashes similar in the past. For corrections, just superficial not enough to cause panic for beginners to push the sell button. This super fast rally could continue, of course this massive growth will decelerate at some point with minor pullbacks along the way.

[Hippocrypto]

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?


I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.


 

That idea is somehow unpredictable right now, because nobody has the accurate details of when this bullrun gonna end. We can only said a certain conclusions when market saturation might initiate, but for a meanwhile bigger corrections isn't yet happening. Once dip occurs, entire market will suddenly fall and went back to very cheap price. What's strategic today is that using small portions of your money for day trading is good, and by the time price go down slight you'll able to accumulate your holdings.

[verita1]

I also think Bitoin is at its best there is no accurate prediction because it is literally unpredictable and Bitcoin is unstoppable now. If the tweet from Plan B tells you something, take a look.

Most likely, our sentiment is that Bitcoin continues its bull run to 50K to 100K according to experts.
This Bull run has the peculiarity that there is a lot of investment involved and we will probably not see the price of Bitcoin fall as in the past.

https://twitter.com/100trillionUSD/status/1347255102390861824?s=19

[aliman00]

If I tell you it's gonna happen in 56 hours and 23 min ... would you believe me ?? or anyone else for that matter ??
I'm honestly not sure what kind of answer you are expecting to get when asking a question like that to begin with.

Best I can tell you is to look at the charts, look at volumes, look at how much was bought when... Like many other point out, this bull run doesn't seem to be driven by small fish like me or you... when you have trading that is happening at close to 40k AND with this kind of volume, then it's telling you that's not an average Joe working 8 - 16 investing 500 or 1k USD... could be that average Joe is feeling a bit of FOMO so there is some individual investment but this is money strong people who are driving this price up and they are buying up all BTC they can get their hands on...

I got sucked down after marked crash in 2017, I never got to sell out, not even 1$ ... so I pulled my assets and stored them on cold storage... that's where they still are, was thinking to sell some of it when price climbed to 20k then 23k then 25k, then 30k, then when it was at 33k and it crashed to 28k I was like crap, that was my big chance... but guess what, it's now at 40k and I've come to conclusion, if you can accumulate, then do just that, trying to catch waves of ups and down... IT's Freakn hard... and especially in BTC Market where prices are as volatile as they are... If I sold at 20k or 23k how I initially intended... All I could do now was to sit on a side line and watch this happen and I couldn't do crap about it...

So I'm gonna hodl !! If I can get my hands on more BTC, I will try to do just that, otherwise just HODL! pro players are now in this market so this is nothing like 2017...

[maxreish]

While everyone is enjoying the new ATH as of the moment, let us not forget that possible corrections may be occur. If your question is "When"? It can't be answer.

But probably if you are aware of fundamental analysis and updated with the big news that may possibly be the reason for the future dump, you may be ready for the correction.

Or, having a back up plan to your btc investment like sellingit in a set price or having a target price is more convenient than just being greedy and wait for another pump.

[dothebeats]

It's anyone's guess at this point.

A week ago, many people are calling correction @ $35000. It was easily breached and we managed to attain $40k. The numbers kept on being adjusted for the correction target price in accordance with the price rise. Bitcoin's price only drops a little then resumes back on track to take new targets. It seems like the momentum is never lost to begin with, that's why it's very difficult to call crash whenever a slight decline on the price happens.

I'm pretty sure it will happen, though the main question is at what price range. It could be well over $50k before some drastic shift happens at the momentum but at this point, it just goes north from here.

[BIT-BENDER]

I am excited about the price as the day comes and goes in this year 2021, many people are now buying Bitcoin, I tutored someone how to buy Bitcoin the other day and she was will it double tomorrow, this is -newbie- mentality right now they are seeing the news, and with Musk the richest man in the world -forgetting Tesla helped him get to that position- so I think there would be correction, and if we help -newbie- purchase Bitcoin let's tell them about such corrections that can happen, so their excitement won't be broken if it happens.

[acener]

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?


I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.


 

Nobody could give you the right answer and most of the answer that you would get are based on their own prediction so why not predict it on your own?
We couldn't know who would get the right or closest answer to the question and you are not alone for waiting on the next correction.
There are so many investor that are waiting for the correction too so they could enter at a lower price compare to the price that we have while it is flying high.

[ilhamsugihamin]

Therefore no one knows if bitcoin goes up or down, but in my opinion if bitcoin goes down it won't be too drastic, for example when it touches $ 40k and if it goes down it won't touch $ 30k, because of the trust of big investors.

[pooya87]

Well it was 3 days ago that we had a big correction where price went from $34,800 down to $27,700 which is actually why the price kept on rising in a healthy momentum to break the next resistance at $40k. There was also another correction right after the resistance was broken and price came back down to $36,600.

It seems to me that you are already missing all the corrections that are happening all around you

[bolawin]

What im curious is why noone posting their lambo in twitter or instagram

[Beserabya]

bitcoin cannot be issued. Bitcoin's biggest advantage is the lack of state or political opinion

[kentrolla]

I think it already happened and waiting for the next momentum which could probably be more than 40k, BTC has purely dominated the market so far and it will keep going. So big whales and millionares played an important role this time especially Elon musk and now he's the world's richest person.

Corrections are opportunity to buying in opinion so do not worry and panic sell when BTC is trying for a new ATH again, just wait patiently.

[raidarksword]

Nobody can really predicted it but we have a speculations what will gonna be in the next few days  for bitcoin to have a another breakthrough or a price corrections coming. Nonetheless, anyone can take a profit now for people who hold last year and take again the risk to buy at lower price for another bull run seasons to come.

[Innerpumper]

Obviously BTC is on a tear right right with the 40k resistance now broken today... my question for all you experts is this:

When will the next correction occur in your opinion? Also how big of a correction will it be?


I only have a small amount invested (I just started crypto trading right before this bull run started in Nov.), and am contemplating selling my position and reentering the market after the dip occurs.


 

no one knows the same until when the positive market ends, I even now bitcoin penetrated $40k lately, I am sure bitcoin will continue to rise until the end of January, and the following month will be followed by another coin increase.

[AjithBtc]

No one is sure whether the ongoing market drop is a correction or it is just a turn around. Based on my prediction this time the market will fluctuate within $35000 - $40000. However I expect the price of bitcoin to grow gradually marking its ath without any deep drop.

[michellee]

I guess bitcoin price correction is already coming because I see that the price is down to the $38k yesterday. But now, the price can start to increase, and it seems, the price can increase more to break $39k. Hopefully in this weekend, the price can back to $40k and still increase to break $41k. The $41k will be the next target for bitcoin price, and if that can be break, the price will rise more. We will make another big profit this year, so it is better to prepare your bitcoin before the price start to rise.