Despite six months of rising Bitcoin prices, Peter Brent says up to $ 50,000 cor

[Timelord2067]

People never expected the Covid inspired drop this time last year and it's recovery after a few months, but happen it did.  "Never say never" is well worth keeping in mind when dealing with something as revolutionary as Crypto Currencies which are still very much in their infancy.

[gbrendeh]

Those time that we have huge correction is the time BTC is in the hands of whales and traders alone. Hedge funds, institutions, merchants of all sorts are getting involved at the moment, they will certainly protect their investment and make such correction likely impossible.

[South Park]

I'm expecting a correction as well, look at the market now, it's so bulish and bitcoin started to have some kind of price stagnant, if its still bullish, bitcoin coul have go over $70k after it break the $60k, it seems like the big barrier is in the $60k + level and we will correct and we might witness a big dump.

I know there are investors who does not believe that correction will happen anytime soon but this is just based on my observation also and based on the past trends. No one can predict but at least we are openg for bearish possibilities.

We know that a correction or even a crash is coming however most people are remembering what happened during 2017 and think we are going to see an exact repetition of the conditions of the market we saw back then, but this is not true, despite the intense FUD this market is being subjected the price is only experiencing a minor correction and as long as that is the case and we remain close to the previous ATH there is still a chance the price of bitcoin could reach new heights during the next weeks.

Maybe the timing of correction will not be the same as in 2018 but I believe the correct will come and it could be heavier than the previous. So anytime it could happen therefore we should be ready with it and as an investor, it's alright to think that the market is currently bullish but we should always be realistic that what goes up must come down, that's the saying that always happen in the crypto space.

I do not have a problem with people having different opinions than the ones that I have however taking into account that the growth this time around has been way slower and it has a very strong support by institutional investors I really think that the correction or the crash that we are going to see is not going to be nowhere near as big as the one that we saw back then because those institutional investors are not going to sell as quickly as the people that bought during that time.

[Fatunad]

I'm expecting a correction as well, look at the market now, it's so bulish and bitcoin started to have some kind of price stagnant, if its still bullish, bitcoin coul have go over $70k after it break the $60k, it seems like the big barrier is in the $60k + level and we will correct and we might witness a big dump.

I know there are investors who does not believe that correction will happen anytime soon but this is just based on my observation also and based on the past trends. No one can predict but at least we are openg for bearish possibilities.

We know that a correction or even a crash is coming however most people are remembering what happened during 2017 and think we are going to see an exact repetition of the conditions of the market we saw back then, but this is not true, despite the intense FUD this market is being subjected the price is only experiencing a minor correction and as long as that is the case and we remain close to the previous ATH there is still a chance the price of bitcoin could reach new heights during the next weeks.

Maybe the timing of correction will not be the same as in 2018 but I believe the correct will come and it could be heavier than the previous. So anytime it could happen therefore we should be ready with it and as an investor, it's alright to think that the market is currently bullish but we should always be realistic that what goes up must come down, that's the saying that always happen in the crypto space.

I do not have a problem with people having different opinions than the ones that I have however taking into account that the growth this time around has been way slower and it has a very strong support by institutional investors I really think that the correction or the crash that we are going to see is not going to be nowhere near as big as the one that we saw back then because those institutional investors are not going to sell as quickly as the people that bought during that time.

We do appreciate on what we are currently seeing on the market where price couldnt really crash that bad just like on what happened on that 2017 bull run event.Things a bit different
on the current situation we are in but we shouldnt really be that confident because price could crash with those least expectation.So its better to prepare out yourself on what things
could possible happen. Anyone could make their own analysis and speculations since this is a free market where you can see different approach and assumptions towards possible prices.
For you as an investor then you should be wise on how you do take your actions and securing up your position for you to benefit out.