Ongoing Price Correction

[romero121]

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

[blucepheus]

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

Corrections are normal after a run like this. It’s likely profit taking by retail investors like us, and nothing more. It will head right back up in no time; do not panic sell. In fact, buy the dips if you can.

[tranthidung]

Is the market has turned bearish, or it is just the regular price correction.

It is a period of correction. The market is bullish and the on-going correction is a healthy one. It is not a correction to flip the market into bearish. Many space for other highs and if you did not exit earlier and can not enjoy these dips, you can hold and wait for other higher prices.

Ethereum need to be seriously pulled back.

BTC.D and OTHERS.D movements support the altcoin season. The former has not bottomed and the latter has not topped up yet.

As said, enjoy the alt parties and if you are careful, exit your positions before the fourth week of February. Let's try to protect your capital and any profit you have earned with altcoins.

[Bitstar_coin]

Btc already down to 50k at some point but now i see it is above 50k - around 53k to be precise, the whole market seem to be in correction mod, some people will say this is the best time to buy, or buy whenever there is a dip, the market has been pumping none stop this few days so this correction is very necessary for a more healthier market.

[thecodebear]

Don't panic its just a weak hands shakeout. Dipped under 47k already back to 54k haha. Though i'm sure there will be more dipping. Great time to buy, not panic. Just a bear trap.

[BrewMaster]

that's what happens whenever bitcoin has a correction. the altcoins get dumped hard. ethereum has already lost a lot of price because of the small bitcoin correction more so than before when bitcoin was rising if you check is price against bitcoin not dollar. this is not specific to ethereum though all the altcoins are doing the same thing.

in any case this is a healthy bitcoin correction that always happens during its bull markets. this is also needed for the future rises to break the $60k and reach $70k in next step just like when we were in $40k range and needed a correction before we enter $50k.

[sheenshane]

Just because there's no infinite growth of Bitcoin, this was expected by many speculators that there's a short correction but if you can see, we're still on a healthy market.  It might be they called a "reset", there's instance speculation that probably big investors may invest during this crush and we might we experience again a bull run, but if not, the anticipated that the previous history of Bitcoin will repeat itself might be happened.

But it's too early to give a statement, I may advise everyone that should have a strong hand and never do panic selling that won't surely help the market price.  Probably there's a whale trying to manipulate the market, or this has related to the Elon Musk tweet on Twitter.

[Upgrade00]

The price of bitcoin and ethereum has been falling drastically.

During a bull market, the price rises in large percentages within short periods of time, the downside is that it can also experience wild dips within same time frames. This is not usually indicative of a bear market as such wild fluctuations are expected.

Is the market has turned bearish, or it is just the regular price correction.

The price is now approximately $55k, so if was just a healthy correction. It could be indicative of future drops, but you can't decide on that by judging short price changes.

[zanepalmer]

Every correction in 2017 was followed by +153% increase on average.

That would take #Bitcoin to ~75k next.

[Fesatmas]

the red zone which we should take advantage of, but it only takes a few minutes, it again provides a pretty great power. not only Bitcoin and Ethereum, we see all the altcoins have a concurrent disposal pattern and recover in a fairly short time. It looks like it is coordinated but it's just speculation, we are still looking for a reason for a correction like this, are there any issues that are currently the topic of cryptocurrency?

[taufik123]

the market does look saturated. The correction was able to lower bitcoin to a price of $ 47k but instantly rose back to the $ 53k area. this is proof that bitcoin is still strong to sell to a higher price.
Some altcoins that experienced price declines were also affected by the bitcoin correction, but recovered as well.

We'll see where the next bitcoin price is. Is it able to make new ATH again or not.

[worle1bm]

The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.

At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.

The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.

Is the market has turned bearish, or it is just the regular price correction.

The sharp price drop came after Elon Musk the market manipulator,tweets that the Bitcoin prices are somewhere excessive and prices start to moving downwards trend with 6-7% fall.They went from $57k to $54k at this time.The only reason for this statement by Musk was price dips so that Tesla and he himself could invest more at the dips and gain huge profits when the prices will rise eventually after another billion dollars investment in Bitcoin.He is playing mind games and you should also took advantage of it and invest in Bitcoin as they will rise to most probably $60-$70k this year and you can gain huge margin similar to Tesla $750 million profit within a month.So what are you waiting for?This is just a normal so don't judge it's potential and growth opportunities to be part of 1% of world population to be part of financial revolution of digital era.

[zanepalmer]

Bitcoin $BTC
10% correction has been met - might be all we get
A 20% correction would be to 46,693
A 30% correction would be to 40,856
A 35% correction (avg of 30%+ corrections in 2015-17 trend) would be 37,938
Jan high at 41,986 would be logical spot to buy

i believe we will hit $65K-70K and have an "exit all markets" moment with a crazy correction that knocks 30-50% off the entire market overnight

then an insane alt season before BTCs final run to the $150-200K realm

[Rikafip]

Is the market has turned bearish, or it is just the regular price correction.

Come on, one small dip and we are suddenly in the bear market? Hell, even if BTC dropped back to 20k I wouldn't think that trend reversed and that we are suddenly now in the bear market, let alone this. Fact that BTC went up fast after this dip tells me that this is nothing to be worried about and we can expect attack on new all time high soon.

[gabbie2010]

The correction of the price had probably ended thus had provided an ample opportunity for buyers to buy dipped at $47K+ those who bought at that price had already earned some profits now, the price might likely resume the bullish run after this minor correction which I believe is normal in a market settings, a pin bar formed on 1 hour and 4 hour BTCUSD chart and other USD charts is an indicator that the bulls had resumed their upward trend based on technical analysis and Price Action.

[Casdinyard]

Is it even possible to determine whether this is just a part of its nature of volatility or a correction is already occurring which could pull down its price far from its ATH? I think it is hard to do so. The market is unpredictable and we have seen numerous price cut eversince, even before it reached its highest market value. The market price could either continue falling or eventually recover. We just don't know and I bet anyone of us does. What will matter the most is our actions regarding the situation whether we would sell already or make use of the opportunity to invest.

[palle11]

I think the fall in price is about the principle of demand and supply. Last week we saw bitcoin and etheruem fees going very high and that made binance to be a choice which rises it high to ATH. Now investors used binance and that means etheruem and bitcoin can drop which is normal. It can be another kind of correction maybe not too deep.

[TimtheYoutuber]

I don't think the market will be bearish for a year, but it could be a few months.

[electronicash]

a big dump always starts with a small dump and then we consider it a correction when we're still in denial. and then when it becomes a big dump already that's when the panic sets in for another bigger dump. if you feel the same, just do it. take your profit before it's too late. an abrupt recovery after this will really be a big loss, however. I'm really going to be mad about myself for selling while it's just taking a dip.

[Hobo66]

dont sell and buy the dips. its that easy
I hope you can get back in. Losing 10% is not a big deal.  there are huge gains to be made if you hodl
the difference between a paper loss and a paper profit is just a bit of time - maybe a few days or weeks,  If its a few months that is still very short compared to the stock market
come back im, the waters fine