Big BTC price correction incoming????

[Debonaire217]

Looking at the chart of Bitcoin right now, there's no indication of a big correction by looking at 1m time up to 1HR time RSI. But when we are going to look at the 4HR time and longer, it already state an overbought indication and it implies that the Bitcoin market might fall anytime soon. When the correction happens, people will not really anticipate to short or sell their Bitcoins, thus, they might think of it as an opportunity to acquire more Bitcoins in hoping that it could increase further. But we don't have any assurance of what will happen exactly to the market. What is important for us to think is that, every good price increase, there's always a possibility of a big drop, so its better for us to stay alert to avoid our profits getting lost by the market decline.

[dreamer81]

bitcoin is unregulated. Its not like stocks that is controlled by governments and institutions.

Based on that fact, you can't say that a correction is incoming. It can go all the way to 100k without any corrections.

[irixo10]

As serious as it looks, no one can tell you when the correction will take place and how big it will be. Before Bitcoin got to its price now, it dumped many times, people thought it was correction taking place but it was not, rather it only kept going up, in fact I would say Bitcoin has broken a lot of predictions set for it, therefore showing that the funds coming into Bitcoin is from big investors, big platforms etc, and at this juncture one need to play safe. There is a prediction that it wil get to $50k but no one knows if it will be achieved or not, hence if you are in profit and a short term holder know when to sell, if you are a long term holder you might want to stop bothering about the market as Bitcoin is the best to hold.

[gurunanakji777]

If I were you I would have been booked the profit by now but I won't impose my thoughts on you as I saw previous bearish period that was quite a long period so on the basis of my experience I won't be greedy this time as previous high was 20000$ now Btc hits almost double from the last ATH. But nobody can tell you exactly where BTC will stop as we are seen Btc is continuously rising and you are right there might be a big correction on the way so one must be very careful now.

[mindrust]

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.


 

See the 2017 chart.

Tell me what you see. What goes up, must come down.

[Renampun]

*Bearish market prediction is the same as a bull market, no one will know...
if we only focus on thinking when the market is bearish then we will not be able to enjoy this bull market. I see that many investors have made Bitcoin a safe haven, so the selling action will decrease and it is possible that the Bitcoin price will continue to hold its current high price.

[Wawa2013]

Based on my analysis, it is possible that Bitcoin will be corrected quite deeply when it reaches the price of $ 50,000. It will likely go down to
a price of $ 20,000 - $ 30,000. So for now Bitcoin has dropped to a price of $ 38,000 this is just a light correction. Soon it will continue the bull run
until it reaches a price of $ 50,000. Up to you want to believe in my analysis or not. Because there is no guarantee that my analysis is accurate,
so please do your own analysis to make it more convincing.

[Daltonik]

The price of bitcoin is now going I think at $50k - $55k after which there will be a deep correction, much depends now on the state of affairs in the US economy after the passions subside, the price of bitcoin will also be adjusted.

[imstillthebest]

im no expert but my guess is correction will be big , something like under 40 but not lower than 30 thou dollar . i dont know the exact time if when will that occur but it can occur as long as we are still in the 40 thou dollar zone . you invested small amount and your worries are more than those who invest big time , if they can calm while investing huge why arent you that only invested small ? you invested small , why not wait and hold for longer time so that you dont need to worry of waiting but at the same time you can earn huge than selling too early and buying again .

[Casdinyard]

bitcoin is unregulated. Its not like stocks that is controlled by governments and institutions.

Based on that fact, you can't say that a correction is incoming. It can go all the way to 100k without any corrections.

Bottomline is no certainty. What determine its market value falls under demand, supply, and market volume. Indeed its market value could continuously increase for a period of time but likewise that its market value could fall continuously, this is how I understood the idea of this market. If we would base from the past regarding its market price increase and decrease, a correction is anticipated at this moment simply because people do like to rely on "patterns" in which they depend their actions at the same time. So we just cannot blame those who are worried on investing at this point wherein the market price is still high, because of the 'possibility' for a dump to suddenly take place. Well, going back with the chance for a continuous market price increase, investors are free to do their thing at this point because no one knows how things will happen, a matter of a gamble.

[DarkDays]

Looking at the chart of Bitcoin right now, there's no indication of a big correction by looking at 1m time up to 1HR time RSI. But when we are going to look at the 4HR time and longer, it already state an overbought indication and it implies that the Bitcoin market might fall anytime soon. When the correction happens, people will not really anticipate to short or sell their Bitcoins, thus, they might think of it as an opportunity to acquire more Bitcoins in hoping that it could increase further. But we don't have any assurance of what will happen exactly to the market. What is important for us to think is that, every good price increase, there's always a possibility of a big drop, so its better for us to stay alert to avoid our profits getting lost by the market decline.

I agree, that at what we have seen so far were some small corrections but now BTC has yet reached another ATH.

This could be the trend we will be heading towards for a while: small corrections followed by new ATH. But when the bull run stops for bTC, that's when we will see the large correction, but who knows when that will be...

[AGD]

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.


 

Next dip will be crayzeeeee, because this time it will be upwards!

[VanityWallets2015]

Indeed, BTC price correction may be coming soon, as BTC price is continuously rising day by day.
And as the future events and actions to be anticipated revolve on uncertainty, staying alert and being wise are important.
Although expertise cannot be assured, there are resources available to study price correction, where opportunities can be presented whether to use price correction as indicator to invest, reinvest or sell.

[itovault]

I don't think that a big correction is going to come in the next few days.  While the price skyrocketing  from $10K to $40K seems like a large move to those of us suffering in the "Bitcoin winter" of 2018-2019, it has *only* 2x since the last peak of about $20K.  This shows that fundamental price levels aren't that 'overvalued' yet and we don't need like a 2x pullback or anything.

[AakZaki]

bitcoin is unregulated. Its not like stocks that is controlled by governments and institutions.

Based on that fact, you can't say that a correction is incoming. It can go all the way to 100k without any corrections.

yes you are right about "bitcoin is not regulated by anyone". In the cryptocurrency world anything can happen in just a few minutes or a few hours later, $ 50k, $ 100k can happen in an instant. But a healthy market still needs correction to reach its highs. we don't know what the current high price of bitcoin is. Many have speculated about the top price of bitcoin. All of that can also be explained by technical analysis. Every analysis is not 100% correct. If it is enough and profit, quickly take it and if you are still less resistant until the target is reached.

[CODE200]

I don't think that a big correction is going to come in the next few days.  While the price skyrocketing  from $10K to $40K seems like a large move to those of us suffering in the "Bitcoin winter" of 2018-2019, it has *only* 2x since the last peak of about $20K.  This shows that fundamental price levels aren't that 'overvalued' yet and we don't need like a 2x pullback or anything.

That sudden increase will more likely trigger a price correction. We have witnessed how high the rate of increase was back in the last quarter of 2020 which gives a higher tendency for the market to fall in a sudden just like what happened before. The idea is that we just cannot guarantee what will happen next and that is already the bottomline. But I do agree with the idea of a crash not being a requirement. It is just that, given the nature of this market, things of such is inevitable and the only way out is to make a decision in order to avoid huge losses if you have invested at a higher market price point. So will Bitcoin repeat itself? or changes will be permanent regarding its market value? Hard to tell knowing there is a huge difference that could make a change.

[0t3p0t]

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.


 

I think price correction of Bitcoin will occur right after it will touch $50,000. I am not good at speculating but who knows? Things could happen in just a blink of an eye we really can't tell. Lucky for you mate you have atleast small amount of investment at a good timing.

[menoiazei]

  to me this run way different than the ones before it like 2017...my opinion is still quite some way to go till it corrects...btc 10x loading

[rokon1234]

This is really good time for BTC holders and i think BTC will soon down,it's only my prediction.That's why right now i'm hold some altcoin's and thinking about my altcoin's.Because,now some of my altcoin's price not grow up like BTC.i think it's not perfect time to buy BTC or invest on this coin.

[Psynthax]

now it has broken $40K again after some dip, guess to sell and reenter was the best way to double the profit but it's kinda too late, none of us really see this coming about btc price skyrocketing really fast from $30K to $40k it's actually kinda crazy. I wonder whether there's gonna be some big correction but it's all fifty-fifty chance for that to happen

btc is erally unpredictable at this time around.