How far can bitcoin price correction go?

[Joshua Jackson]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

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[hd49728]

$41k to $42k as the tweet of The rational root and Ecoinometrics. I think $42k and $43k will be retested in next 14 days.

I am bitcoin bull so my thought is positive and bullish for bitcoin. I think its bull run does not top and it is another correction. I also believe in the Stock to Flow model and on chain analysis. People keep buying Bitcoin in yesterday dip. It is a very different dip than 2020 crash and May crash.

Discoveries of Willy Woo and Coinbase Institutional

[LFC_Bitcoin]

September is historically a really bad month for bitcoin, I don’t really know why but there has been a significant correction in September for multiple, consecutive years.

@CryptooAdy
September seems to be naughty month for BTC every year..


https://twitter.com/cryptooady/status/1435578766755975172?s=21

PlanB actually says for S2F to stay alive $43,000 must be the floor for month close.

[Ararbermas]

It's unpredictable for me in my opinion, because you know holders were keep dumping due to the situation of the market nowadays.. But don't expect it will go very dip as it keeps making ups despite of some fluctuation, indeed more analyst telling this will not go too far so we need to believe on them since they're the only one who knows the real situation of the growth rate of bitcoin. Let's just wait for more results instead..

[Baofeng]

As per TA, if we maintain $43k (which is the average), then we are still in good levels.

But who knows, September could be a very volatile month, but hopefully, we can still bounce back and not hit below $43k and continue with this bullish sentiments. Yes, we did hit $43k, but then we have a good bounce in the last 24 hours at $46k, so maybe this is a good indication as the selling pressure has somewhat settled down.

[kidbounty]

$41k to $42k as the tweet of The rational root and Ecoinometrics. I think $42k and $43k will be retested in next 14 days.

I agree with you, $40k-43k is the closest support point for now. so I will wait until it reaches that and i'll buy back. I think the correction this time will not last long, and the price of bitcoin will rise again in the next few weeks. after touching the nearest support point, bitcoin will rise and started running again.

[Rahman11]

An asset, index, or market may fall into a correction either briefly or for sustained periods—days, weeks, months, or even longer. However, the average market correction is short-lived and lasts anywhere between three and four months.

[KennyR]

We can't get a conclusion on the market correction, because it can move bullish in no time. Earlier this has happened with bitcoin, because of the positive news around the market. Right now it is quite evident to see more positive things happening associated with bitcoin. In recent days more countries have planned on adopting bitcoin as a legal tender. So, these could push the price in any time.

[OgNasty]

The liquidation of leveraged longs cause a near immediate capitulation moment. Looking at the volume, it appears that was the low. We may see a retest, but the support looked strong. I’d consider any retest of that low to be a buying opportunity if it happens.

[electronicash]

i think it already dropped to $40k. it may range that market price from $43-$48k before rising up again by the next few more weeks or so. its almost like a bargain for those who have sold when the price peaks at $52 a week ago. it was probably unexpected for some traders but for the experienced traders, they saw it coming already. the market really acts the same way over and over.

[Spack17]

Maybe it can go on until reaching $40k in the worst case. But for now, it seems like the price managed to hold onto $46k. But the price needs to break the resistance level as soon as possible. If it struggles for a long time, it may start going down again. It seems like many people were afraid of the big drop and sold many coins after seeing this. I'm really tired of seeing this panic sellers. They make things much worse not only for themselves but for the rest of the investors also.

[STT]

I doubt it would descend all at once but its likely we do need to release some weak hands before accumulating momentum again.   I reckon BTC could rise right now, its going to test this possibility many times but if we can reach a 2 day average that would help the bullish idea of an immediate recovery.
  Ultimately I do think we go back to something 39k as a backstop to price action and then we proper repeat this last bullish phase and once again we will challenge the highest tier of prices for 2021.   I did always think it wouldnt be quite so simple as sequential weekly green bars like we had, a pullback is normal occurrence and healthy even.

[hd49728]

September is historically a really bad month for bitcoin, I don’t really know why but there has been a significant correction in September for multiple, consecutive years.

Because after September, October and November are very good months for Bitcoin. Bitcoin can not rise and make new higher highs if weak hands don't shake their hands. They are barriers for growth so they need to be killed by crash in September.

PlanB actually says for S2F to stay alive $43,000 must be the floor for month close.

Even price falls lower than $43,000, it won't be the end of 2021 bull run and I believe in the S2F model and the four year cycle of Bitcoin.

[davis196]

Why are you asking?
If you want to HODL,then just HODL and don't bother about the price.
If you want to sell then just sell.If the price keeps going down,then you've made a profit and you could buy BTC at a lower cost.If the price goes up after you sold,then you've made a loss,but losing money is a part of trading.I don't believe that the price will go up.This 52K price pump was probably just a price bubble,caused by some crypto whales or the hype around El Salvador.

[Wind_FURY]

Many opinions and analysis believes it will be a “retest” back to $43,000. I believe when everyone expects a retest, placing their bids in the said retest area, then sellers might not want to sell low in that area, but sell HIGHER. The Market has given enough opportunities, it wants FOMO.

[Lucius]

I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

This is no longer a question for serious analysis, but for some psychics who claim to see the future

Who would have thought that on September 7, 2021, Bitcoin would lose 15% in value, and one country officially introduced it into its system as a legal tender on that very day? Therefore, no price should surprise us, although I think that the absolute bottom is the one that has been tested many times and is about $29 000.

Personally, I do not believe that the price will go so low, but there is always that possible unknown factor that can have a big impact on the crypto market.

[GreatArkansas]

I am still short-term bearish with Bitcoin now, $50,000 is the short-term resistance, I am pretty sure this will be tested in the coming days multiple times.
And $35,000 - $40,000 is pretty good support. With a pretty nice run until $50,000 last month, it clearly shows the $30,000 is now having strong support for the long term.

Price correction may reach for me around $40,000 -> $38,000.

[ethereumhunter]

I worry about this situation because bitcoin can go to any lower price without knowing, although we can predict how the lower bitcoin price will go. We need to anticipate the losses and be ready for the worst scenario in the market so we do not have to get a big loss. And if necessary, we can leave the market temporarily until the situation can be back normal. If you still want to try your luck, you need to analyze deeper to find when to enter the market.

[sujonali1819]

The situation is very hard to guess. Anytime anything can happen. If bitcoin make a good rise in 4 hours candle I think the trend could be change to bulish. But it does not happen and it going side ways. But seems bearish to me. And I think from this position any further correction can happen to near 40k even little below of it. Right now 45k is play a good role as support but somehow if it breakdown we can see BTC at 40k soon.

[Pulsar77]

Bitcoin price is trying hard to hold onto the $46k level. It actually got past $47k resistance today but it didn't last long. If the price manages to stay at this level for some time, I believe that we won't even see a bigger drop than this and the price will start recovering. $50k resistance will be critical again. If Bitcoin makes it there and goes over it, then it will be back in the game and we will be able to hope a bull market also.

[Hippocrypto]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

If this gets worst, we may see price below $40k this year but be careful on that level because after that faster increase may happen. Most probably there's a panic buying when trend goes beyond expectations.
However, that remains unpredictable because there's a possibility that after recent correction we may able to see $50k again next few weeks.

[stomachgrowls]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

https://argoblockchain.com/biggest-corrections-in-bitcoin-history/


This might be a little outdated since it did only cover up until year 2018.

Also some note that correction is something different from price crash though.

Heres some good prediction from 62k ETH to 28k dip.
https://www.tradingview.com/chart/BTCUSD/yVBKEy9K-BTC-62K-3-618-Fib-Ext-Then-Dip-to-28K-W21EMA-61-8-Fib-Ret/

[lixer]

Why are you asking?
If you want to HODL,then just HODL and don't bother about the price.
If you want to sell then just sell.If the price keeps going down,then you've made a profit and you could buy BTC at a lower cost.If the price goes up after you sold,then you've made a loss,but losing money is a part of trading.I don't believe that the price will go up.This 52K price pump was probably just a price bubble,caused by some crypto whales or the hype around El Salvador.

Some people are not really sure what is going to happen and that is why they get an opinion from other people. Some people do it because they have no idea, but there are people who do it because they know something but they want to confirm it with other people. If you tell people "will bitcoin be 100k" then you will see a lot of people who either agree disagree. However, if you say "which direction" then they would either say lower or higher while most of them giving even numbers and dates when it will happen. So long story short it is obvious that some people do need these type of questions answered, they will not make decisions based on only these, but it would help them understand it better.

[ipanks]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Hopefully, the bitcoin price is not going down for more, but if the price is still going down, I hope that the price is not below $41k-$43k as the price now does not go up or down too far. Bitcoin price will be back to $52k even it will reach $62k soon but we need to wait for a while and have more patience. I think this situation can be like this until the weekend and it could change in the next week. You do not have to worry because this is a correction that always happens to bitcoin.

[btc78]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Maybe that 43,000$ level is the lowest bitcoin will drop because it looks like there is a stable price now and that is around 45-46k https://coinmarketcap.com/currencies/bitcoin/markets/ according to the movement this past days.
and i also believe that this is just a correction and 52k? that will be surpassed and bitcoin next step is 55k before hitting 60k once again.

[geegaw]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Hopefully, the bitcoin price is not going down for more, but if the price is still going down, I hope that the price is not below $41k-$43k as the price now does not go up or down too far. Bitcoin price will be back to $52k even it will reach $62k soon but we need to wait for a while and have more patience. I think this situation can be like this until the weekend and it could change in the next week. You do not have to worry because this is a correction that always happens to bitcoin.

Currently, bitcoin's corrective candles are mostly weekend candles and with such an early week correction situation, it is very likely that bitcoin will go down, although never hoped for such a reality but technical indicators are showing those realities. Besides, we can see the correction candles are daily and intermittent candles, this situation means that the correction of bitcoin is not deep, we haven't seen a deep correction in a long time, if the worst comes, the value will not just drop to the price zone you were hoping for.

[Ibrahim60]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

In cryptocurrency no one can surely predict on a coin. Though Bitcoin is the most potential and popular crypto currency in the world. Also day by day its users and investors increasing. People invest their money on it. Somewhere people accept Bitcoin as a payment. Now Bitcoin price is so much volatile. Bitcoin price will hit $60k again. In 2017 Bitcoin price was hit $20k and then the price get down $6k. If in this year history repeats again then i think price will get down more and hopefully the price will cross $60k. But it need more time.

[Joshua Jackson]

A big thank You to everyone who has given out precise and fairly accurate answers with historical proves on how far bitcoin price correction can go. I was designing a bot that can always help me Buy dips and sell tops. So, i needed to know the maximum and minimum percentage price corrections which are possible in order to help me structure my methods correctly.

Warm Regards

[ILuckyGuyI]

Bitcoin price went down to a level a little below $45k in the last 24-hour period. Now it is $45k but it is struggling to go over $46k. If Bitcoin price doesn't manage to break the current resistance, it migh still continue to go down even more. I'm hoping to see it stopping at $40k in the worst case. If we see a level below $40k, I'm afraid about the possibility that Bitcoin can get stuck there for a long time again and it would be a dream to see even a new ATH in this year.

[STT]

It has traded past the 50 day average today so as a measure of strength or weakness see how far it goes past that rising trend before it reacts in some way.   Moving averages by themselves arent support but it is also a kind of momentum to trades that could be expected, on a weekend perhaps its absent Im not sure.



We're between two Fibonacci levels at the moment

[Yamifoud]

Bitcoin price went down to a level a little below $45k in the last 24-hour period. Now it is $45k but it is struggling to go over $46k. If Bitcoin price doesn't manage to break the current resistance, it migh still continue to go down even more. I'm hoping to see it stopping at $40k in the worst case. If we see a level below $40k, I'm afraid about the possibility that Bitcoin can get stuck there for a long time again and it would be a dream to see even a new ATH in this year.

That is just a short correction, I think it ain't does not go far below $40k.
Anyway, it comes to think that we are not all in bullish season, bearish could be a part of the market. We can't stop the price to decline as well not meant to hold. While some are losing their hands and sell it now, the more it helps to drop the value but I have no worries with that, this is really what happens.
if that so, I'll take this chance to buy some and wait for the recovery.

[bots1]

The decline in the price of bitcoin continues to this day. If the decline continues, it is not impossible that the price of bitcoin could fall to the point of $38,000. Given that until now, the price of Bitcoin is still touching $45,000 after rising to the level of $52,000. Even though the value of Bitcoin continues to fall, it does not mean that there is no hope that the price will stabilize. Therefore I believe Bitcoin is likely to go higher in the next few months.

[sana54210]

Hopefully, the bitcoin price is not going down for more, but if the price is still going down, I hope that the price is not below $41k-$43k as the price now does not go up or down too far. Bitcoin price will be back to $52k even it will reach $62k soon but we need to wait for a while and have more patience. I think this situation can be like this until the weekend and it could change in the next week. You do not have to worry because this is a correction that always happens to bitcoin.

When there is a crash, that crash is usually sudden, the going up part takes time, but crash is sudden. Remember that 20k to 8k period? It was under a month, it took like nearly a week to drop from 20k to 12k, probably less. We all lived the 64k to 28k period as well, took like a day or two to drop under 40k, and then rest did the work.

So when we are 52k and drop to 47k, neither the amount nor the timing shows that it will go any lower. If it was a higher drop then I would understand, because when there is a crash there is a big fall, not just 10-20% but like 50% fall, or if there is a big crash it takes maximum of a week, and after the crash it has been days and we are staying still. Yeah, I feel like this correction is not a big deal and won't turn out to be a crash, it will just be a "small" correction for bitcoin and recover to 50k+ in a week or two.

[Oceat]

The decline in the price of bitcoin continues to this day. If the decline continues, it is not impossible that the price of bitcoin could fall to the point of $38,000. Given that until now, the price of Bitcoin is still touching $45,000 after rising to the level of $52,000. Even though the value of Bitcoin continues to fall, it does not mean that there is no hope that the price will stabilize. Therefore I believe Bitcoin is likely to go higher in the next few months.

I think $30k might be the bottom if there's a continuation correction in Bitcoin price but most of these days people are learning that it's not a good idea to dump all of their BTC because of how the price pump after each halving. So 40k+ might be the stable price through the years but I still think $20k+ is still possible as a very bottom if there's a crisis.

I'm too bullish in Bitcoin so I can't think any possibilities that it would reach a worst case scenario bottom, I'm sure people would actually buy Bitcoin during that time and whales or institutional investors would most likely going to join and invest in Bitcoin.

[gabbie2010]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Maybe that 43,000$ level is the lowest bitcoin will drop because it looks like there is a stable price now and that is around 45-46k https://coinmarketcap.com/currencies/bitcoin/markets/ according to the movement this past days.
and i also believe that this is just a correction and 52k? that will be surpassed and bitcoin next step is 55k before hitting 60k once again.

I believe the support at $43K has already hold the price of Bitcoin after a big reflective weekly bearish candlestick, which according to some speculations was the consequences of the mid week El Salvadoreans adoption of Bitcoin, the present correction can't be likened with lthe last correction that started mid May this year invariably should just be a minor correction hopefully once the market regains it bullish sentiment the price should be heading back to the next resistance at $60K though a minor resistance is at $52400+ which is might not be strong.

[tz]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think that we've already found a floor at the $45k level.

The market sentiment is still quite bullish if you ask me and I don't think that there is necessarily a prospect for bitcoin to go down below $40k in the short run. Coins on exchanges are at an all time low meaning that there are plenty of long term holders.

This is definitely different to 2017 in my opinion - 2017 is grossly overleveraged and growth happened way too fast.

[arufox]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

we saw a decline in Bitcoin from two weeks ago to 12% and this decline could result in a price drop of up to $42k. However, this decline will only occur if the support is broken and if the resistance fails, the price will be bullish again. I myself feel the current price decline is only a temporary correction to continue its rise to $55k. Therefore, the decision to buy and sell is in the hands of there.

[michellee]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

we saw a decline in Bitcoin from two weeks ago to 12% and this decline could result in a price drop of up to $42k. However, this decline will only occur if the support is broken and if the resistance fails, the price will be bullish again. I myself feel the current price decline is only a temporary correction to continue its rise to $55k. Therefore, the decision to buy and sell is in the hands of there.

If so, it could make the price is down for more and we know how deep the price will go down. It seems, this week, we will see the price will be like this or will go down deeper so prepare yourself and hold on tight to your bitcoin and do not make a rush because of the drops. If you can remain calm, maybe you will see a point in using the moment for your own benefit. All in all, be patient and do more analysis to find the next thing that can happen.

[ene1980]

~
we saw a decline in Bitcoin from two weeks ago to 12% and this decline could result in a price drop of up to $42k. However, this decline will only occur if the support is broken and if the resistance fails, the price will be bullish again. I myself feel the current price decline is only a temporary correction to continue its rise to $55k. Therefore, the decision to buy and sell is in the hands of there.

I thought the market would wake up today but it is still going down, we have a 13.8 % correction and we have a one day correction of around 3% and there is no signs of turnaround and i am curious to see what the support would be and will it ever go down below $42k. I think we will see a correction beyond that and we might not even see a rally this month. Only time will tell but i am expecting the market to close at an high at the end of this year.

[Distinctin]

~
we saw a decline in Bitcoin from two weeks ago to 12% and this decline could result in a price drop of up to $42k. However, this decline will only occur if the support is broken and if the resistance fails, the price will be bullish again. I myself feel the current price decline is only a temporary correction to continue its rise to $55k. Therefore, the decision to buy and sell is in the hands of there.

I thought the market would wake up today but it is still going down, we have a 13.8 % correction and we have a one day correction of around 3% and there is no signs of turnaround and i am curious to see what the support would be and will it ever go down below $42k. I think we will see a correction beyond that and we might not even see a rally this month. Only time will tell but i am expecting the market to close at an high at the end of this year.

That it tells that the market is very unpredictable and very often we're got wrong. That I was thought about the continued recovery after a few corrections in the past few days but it goes like in a zigzag trend. Anyway, I just hold and never lose my hands nor do I think it will dump more but instead, I'm still optimistic for its recovery, that probably after those people have done selling with their Bitcoins.
Perhaps, I'll take this opportunity to buy some.

[ivankoh]

If this gets worst, we may see price below $40k this year but be careful on that level because after that faster increase may happen.

The fact that bitcoin has had a bullish cycle since July 20th and bitcoin is back at $52k in early September, assuming the market base at the time of this week's correction ends at $40k  la, it's not such a bad thing.  Market sentiment is tending to take profits.  I am bullish with a stop of 40$-42k$ before the accumulation trend turns up again.

[yhiaali3]

Bitcoin may visit 40,000-38,000$ because of this strong bearish movement now and companies will buy huge quantities at these numbers (MicroStrategy bought an additional 5000 bitcoin yesterday at a price of 48,000 dollars), so huge liquidity will enter at these numbers and then I expect a strong upward movement that reverses the downward trend with the same strength and then We will surely cross 52K$ by far and I expect Bitcoin to continue its way towards a new high until the end of the year but until then we will see a lot of corrections.

[kentrolla]

Market is unpredictable at this point of time, only if it holds above than 46k we can see a positive trend else the price may drastically go down. Because it's big whales who play key role here as market sentiment is unparallel.

To be honest I expected a correction but BTC dropping straight away for $10000 is something crucial, to me it looks like if the price goes down below 44100 then again we can expect a big drop, let's chill and relax for now.

[Silberman]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

If you are worried about a big crash then I would not waste my time thinking about it as I do not think this is going to happen before the price skyrockets, I think a correction to 42k is possible but then we will see a rebound to the current levels, to me this is not a big deal but if that is enough to scare you then I wonder if you are using leverage and that is why you are worried about a possible correction coming, as otherwise I do not see how that could be possible as such a small correction is well within the boundaries of what we have seen bitcoin doing in the past.

[matchi2011]

If this gets worst, we may see price below $40k this year but be careful on that level because after that faster increase may happen.

The fact that bitcoin has had a bullish cycle since July 20th and bitcoin is back at $52k in early September, assuming the market base at the time of this week's correction ends at $40k  la, it's not such a bad thing.  Market sentiment is tending to take profits.  I am bullish with a stop of 40$-42k$ before the accumulation trend turns up again.

From that level, it's really tough for newcomers, they are adding the pressures since it's getting harder for Bitcoin to recover back

to $50K, but by following your statement, the last few months recovered is a good sign that correction may take place within $40k
then it will start to gain support back.

accumulation may happened either whales will take charge or new investors will gain interest
to bring more money inside this investment.

we never know until things already shown up, always best to follow your own understanding while working inside this market.

[STT]

There was some fake news today that spiked the price otherwise it seems set on a fairly steady course going sideways.   My guess on this action would be have to resolve downwards at some point in order to gain a foothold with some volume behind it that backstop any further negative speculation in price action.

[SquallLeonhart]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think it already did, didn't it? We have already seen the bottom and from here on out I believe that it will continue to recover and go up. That 40k+ will probably stay very strong unless something major changes. Obviously whales sometimes want to crash the price and they do it, it was the whales that crashed it recently as well and I believe it will stay like that for a long time as well, we do not really need to expect them to do anything else.

Surely we get to learn about what they are doing eventually, but until then only thing that could take us under 40k right now is those same whales crashing it all again. If they do not do anything unexpected, then the price will certainly stay 40k+ for sure.

[Maslate]

I worry about this situation because bitcoin can go to any lower price without knowing, although we can predict how the lower bitcoin price will go. We need to anticipate the losses and be ready for the worst scenario in the market so we do not have to get a big loss. And if necessary, we can leave the market temporarily until the situation can be back normal. If you still want to try your luck, you need to analyze deeper to find when to enter the market.

You'll/We'll never know exactly, that is the reality in here. We just live into speculations and we usually based on their previous performance but none of them give us the hint of the close possible to happen next, it certainly be going nowhere.
We have that low at $44k but looking on the chart now, we are getting back to $46k. People are mostly expecting continuous drops but apparently, they are wrong ( including me).

[doomloop]

You'll/We'll never know exactly, that is the reality in here. We just live into speculations and we usually based on their previous performance but none of them give us the hint of the close possible to happen next, it certainly be going nowhere.
We have that low at $44k but looking on the chart now, we are getting back to $46k. People are mostly expecting continuous drops but apparently, they are wrong ( including me).

Speculations, guessing, assuming, predicting these are all the same in the crypto world; made up numbers and dates. There is not a single soul in history that could ever say what bitcoin will do at what date back to back. Yes you can be right time to time but there is no way you can be right all the time. This is why people try to make sure that they end up making as much profit as they can on top of their losses.

If you lose 10 then profit 20, lose 50? then win 100. People do not look for not losing money while trading because that happens no matter what, they are looking for profiting more than they lost on the next trade and that way they are keeping ahead of the curve. I do not know how long that can be kept, sometimes people have an overall loss, but that doesn't mean that all of them are like that, there are some that makes a profit too.

[Silberman]

I worry about this situation because bitcoin can go to any lower price without knowing, although we can predict how the lower bitcoin price will go. We need to anticipate the losses and be ready for the worst scenario in the market so we do not have to get a big loss. And if necessary, we can leave the market temporarily until the situation can be back normal. If you still want to try your luck, you need to analyze deeper to find when to enter the market.

You'll/We'll never know exactly, that is the reality in here. We just live into speculations and we usually based on their previous performance but none of them give us the hint of the close possible to happen next, it certainly be going nowhere.
We have that low at $44k but looking on the chart now, we are getting back to $46k. People are mostly expecting continuous drops but apparently, they are wrong ( including me).

We are now at 48k but the price seems to be going nowhere and quite honestly it does not surprise me, we need to remember that during the last year the growth that we saw began to appear until October and while history is not going to repeat itself exactly I think that is the soonest we could hope for the price to begin to go up as rapidly as we are expecting, so I am not worried at all and I will enjoy the sideways movements while they last.

[carlfebz2]

I worry about this situation because bitcoin can go to any lower price without knowing, although we can predict how the lower bitcoin price will go. We need to anticipate the losses and be ready for the worst scenario in the market so we do not have to get a big loss. And if necessary, we can leave the market temporarily until the situation can be back normal. If you still want to try your luck, you need to analyze deeper to find when to enter the market.

You'll/We'll never know exactly, that is the reality in here. We just live into speculations and we usually based on their previous performance but none of them give us the hint of the close possible to happen next, it certainly be going nowhere.
We have that low at $44k but looking on the chart now, we are getting back to $46k. People are mostly expecting continuous drops but apparently, they are wrong ( including me).

We are now at 48k but the price seems to be going nowhere and quite honestly it does not surprise me, we need to remember that during the last year the growth that we saw began to appear until October and while history is not going to repeat itself exactly I think that is the soonest we could hope for the price to begin to go up as rapidly as we are expecting, so I am not worried at all and I will enjoy the sideways movements while they last.

Hardest part is that when the time that bitcoin price is moving sideways then you cant really tell on where it would be heading next which simply means that it is really hard for you to determine on what would be the next support.

Basing off with my technical analysis then the next support would be on 43k and if it breaks then 40k or 10k increment would happen for sure but for now its early to say that we would really be going that low.

For resistances then it would be on 50k and 52k until we do tend to break that 60k resistance and going into its previous ATH which we do hopefully could break this year.

[ethereumhunter]

I worry about this situation because bitcoin can go to any lower price without knowing, although we can predict how the lower bitcoin price will go. We need to anticipate the losses and be ready for the worst scenario in the market so we do not have to get a big loss. And if necessary, we can leave the market temporarily until the situation can be back normal. If you still want to try your luck, you need to analyze deeper to find when to enter the market.

You'll/We'll never know exactly, that is the reality in here. We just live into speculations and we usually based on their previous performance but none of them give us the hint of the close possible to happen next, it certainly be going nowhere.
We have that low at $44k but looking on the chart now, we are getting back to $46k. People are mostly expecting continuous drops but apparently, they are wrong ( including me).

At least, if we predict the lower and the higher price of bitcoin, we can prepare to do something that can give us benefit. Otherwise, we could just wait for more without doing something. We already saw the low price at $44k and not expecting to see another lower price again soon, but we can not deny if the price is finally going down for more. We can only accept and try to do something and not just sit down watching the price increase and decrease at the current price.

[asrinur]

I think there was a period of bearish correction Bitcoin plunged to the price of $45k. That was before BTC rocketed to its all-time high (ATH). Down to $45,000 which would be a very good buying opportunity in the long run. Rest assured that a new ATH (all-time high) will come later in the year or early next year.

[EdenHazard]

I think there was a period of bearish correction Bitcoin plunged to the price of $45k. That was before BTC rocketed to its all-time high (ATH). Down to $45,000 which would be a very good buying opportunity in the long run. Rest assured that a new ATH (all-time high) will come later in the year or early next year.

once amazon denied (again) would get involved in crypto project especially bitcoin a huge correction waves could wipe the market dropped ..

i would say a 5 to 20 percent is safe support to keep us in the bull run , otherwise if we cant keep the support at that level in the near future .. a deathcross might occurred in early new year as people and institutions wont be patient enough and set for a safe line especially to those who average bought the coins at 35k USD. just saying tho.

[Fatunad]

I think there was a period of bearish correction Bitcoin plunged to the price of $45k. That was before BTC rocketed to its all-time high (ATH). Down to $45,000 which would be a very good buying opportunity in the long run. Rest assured that a new ATH (all-time high) will come later in the year or early next year.

Always be a question but there are no accurate nor precise calls about for it to happen on this year or in next but considering on how near we are on the previous ATH then we can really tell that
it is likely to be reached in no time.We do only just need some positive catalyst which would really push up the price but also taking with correction on how far it could dipped?
Then it would always be a question because no one can determine on what would be the possible bottom.Yes we can see it on TA's but those arent giving out precise
points as always.

[Oasisman]

I worry about this situation because bitcoin can go to any lower price without knowing, although we can predict how the lower bitcoin price will go. We need to anticipate the losses and be ready for the worst scenario in the market so we do not have to get a big loss. And if necessary, we can leave the market temporarily until the situation can be back normal. If you still want to try your luck, you need to analyze deeper to find when to enter the market.

You'll/We'll never know exactly, that is the reality in here. We just live into speculations and we usually based on their previous performance but none of them give us the hint of the close possible to happen next, it certainly be going nowhere.
We have that low at $44k but looking on the chart now, we are getting back to $46k. People are mostly expecting continuous drops but apparently, they are wrong ( including me).

We are now at 48k but the price seems to be going nowhere and quite honestly it does not surprise me, we need to remember that during the last year the growth that we saw began to appear until October and while history is not going to repeat itself exactly I think that is the soonest we could hope for the price to begin to go up as rapidly as we are expecting, so I am not worried at all and I will enjoy the sideways movements while they last.

This is kinda like the trend every year. September was known to be quite a dip season for Bitcoin.
There's nothing to be worried of with these corrections. If OP is a long term hodler, as long as he's not selling he lose nothing.
 Sideways price movements is an advantage for the short traders on the other hand.
Currently, Bitcoin's strong support level is $45,000, and I guess Bitcoin could be corrected down to that figure before It begins to pump again maybe around October.

[Naficopa]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think a fairly interesting chart that may be the answer to your question was created by WePiggy in this thread:

https://bitcointalk.org/index.php?topic=5360534.0

According to him, if history repeats itself, we may soon return to $30k and then will further price increases begin. In my opinion, the correction will be a little smaller, around 25%

[Ziskinberg]

I think there was a period of bearish correction Bitcoin plunged to the price of $45k. That was before BTC rocketed to its all-time high (ATH). Down to $45,000 which would be a very good buying opportunity in the long run. Rest assured that a new ATH (all-time high) will come later in the year or early next year.

Always be a question but there are no accurate nor precise calls about for it to happen on this year or in next but considering on how near we are on the previous ATH then we can really tell that
it is likely to be reached in no time.We do only just need some positive catalyst which would really push up the price but also taking with correction on how far it could dipped?
Then it would always be a question because no one can determine on what would be the possible bottom.Yes we can see it on TA's but those arent giving out precise
points as always.

Well, that we all been doing since before, a wild guess, sort of market prediction, I think we are happy doing these things. And besides, with this short fluctuation and market corrections, we got a chance to buy more. Investors had made it while panic sellers are worrying and tend to sell their Bitcoin. But look what the market did to us, it recovers so fast and that is because nobody had a bad time selling their volume of Bitcoin instead of keeping it. Now, I'd never see such correction, we are in definite recovery.

[Kusman]

After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.

[Boov]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I foresee that we will going to embrace $52k back, struggles will be seen before that happens. For now stable and fluctuating market was still present and transparent to all of us, so it needs so much patience in able for us to sustain deeper. Bearish market is barely creating strong resilience these days, that's why our strong community support should also be observed and be focused with.

[OgNasty]

Some of the analysts I’ve been enjoying recently seem to think $43K is in the cards before we retest the highs at the end of October on the way to a December peak. I hate to be a fractals guy all the time, but the perfect storm is aligning once again for things to play out exactly as expected for the third time. I’d be cautious if you’re thinking about investing for a deeper price correction.

[MCobian]

After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.

I'm also quite worried the Bitcoin price will drop below $40k again when the correction occurs, but what I was worried about didn't happen. Bitcoin
price is back to near $50k again, hopefully our hopes that the Bitcoin price will rise again above $50k can happen in the near future. Therefore, there is
not much we can do for now other than be patient with holding the Bitcoins we have.

[ranaprime]

Bitcoin is a more volatile cryptocurrency. It can grow much faster in a short period of time also can be corrected again. In my opinion it's price correction price would be 41k to 45k.

[Victorycoin]

Bitcoin is a more volatile cryptocurrency. It can grow much faster in a short period of time also can be corrected again. In my opinion it's price correction price would be 41k to 45k.

Investors were worried when the price of bitcoin fell but seeing the price rise again, everyone thinks the market will correct there is always instability in the crypto market so there is nothing to do but wait patiently. The price of bitcoin is above 45k it seems that it can go above 50k.

[SquallLeonhart]

I'm also quite worried the Bitcoin price will drop below $40k again when the correction occurs, but what I was worried about didn't happen. Bitcoin
price is back to near $50k again, hopefully our hopes that the Bitcoin price will rise again above $50k can happen in the near future. Therefore, there is
not much we can do for now other than be patient with holding the Bitcoins we have.

Yes, I was a bit worried about it as well. What happens in crypto is that if the price can't go to one direction then it goes to another direction, the 50k+ was not a permanent one and it kept on going down so eventually I assumed it would start to go down a lot. That did not happen and I am quite happy about it but we are not back to 50k+ just yet neither, which means we should be a lot more careful about what is going on right now.

Nobody can guarantee that this 48k+ will not turn to 40k in a week or two. Which is why lets not get our hopes up just yet, we should be happy that it is this way but we should not be crazy about what is going on neither. Just focus on very long term and you will not be bothered by the falls that happens meanwhile, what happens now is not really important if you plan on selling 10 years later, that is how I overcome the emotions during those big falls.

[rahmatrf331]

Bitcoin is a more volatile cryptocurrency. It can grow much faster in a short period of time also can be corrected again. In my opinion it's price correction price would be 41k to 45k.

Investors were worried when the price of bitcoin fell but seeing the price rise again, everyone thinks the market will correct there is always instability in the crypto market so there is nothing to do but wait patiently. The price of bitcoin is above 45k it seems that it can go above 50k.

current market prices are no more like the local markets we have encountered in our cities. so don't worry about market conditions that often go up and down, because supply and demand have a level of balance. the bitcoin price has entered the healing phase now and is back at $48k, meaning bitcoin will break through again at the $50k mark the middle of this month.

[Ngemmeng]

I think the current lower limit for bitcoin is $40k, so the bitcoin price won't fall below $40k before hitting $52k again. but I don't know when bitcoin will reach $52k again because the current bitcoin price can be said to be stable or there is no significant price movement. so far the price of bitcoin is only playing in the $45k - $50k price range.

[Roidz]

current market prices are no more like the local markets we have encountered in our cities. so don't worry about market conditions that often go up and down, because supply and demand have a level of balance. the bitcoin price has entered the healing phase now and is back at $48k, meaning bitcoin will break through again at the $50k mark the middle of this month.

I see that the price of bitcoin will decline again in the next few weeks, this is because the whales are starting to try to take their short-term profits now and of course it will greatly affect the decline in the price of bitcoin, moreover the refusal of the citizens of el salvador to bitcoin can worsen bitcoin price later, even so I think this is the right time to get into bitcoin and we can keep bitcoin until the price gets better later

[Twinkledoe]

current market prices are no more like the local markets we have encountered in our cities. so don't worry about market conditions that often go up and down, because supply and demand have a level of balance. the bitcoin price has entered the healing phase now and is back at $48k, meaning bitcoin will break through again at the $50k mark the middle of this month.

I see that the price of bitcoin will decline again in the next few weeks, this is because the whales are starting to try to take their short-term profits now and of course it will greatly affect the decline in the price of bitcoin, moreover the refusal of the citizens of el salvador to bitcoin can worsen bitcoin price later, even so I think this is the right time to get into bitcoin and we can keep bitcoin until the price gets better later

The El Salvador market is still small so I don't think it will greatly influence the market. On the other note, it is hard to prediction where the bitcoin's price will be in the next 24 hours or in the next few days. It can go up and down anytime, and one great news, we will see the price shooting in few hours, whereas, if there will be bad news, we can see it plummet for thousands of dollars in few minutes. So what am I  saying here is that everyone can predict the price but getting it right would be hard. The factors affecting are diverse and we can't pinpoint the major ones that will give us indication of where it is going.

[Dhaniii]

current market prices are no more like the local markets we have encountered in our cities. so don't worry about market conditions that often go up and down, because supply and demand have a level of balance. the bitcoin price has entered the healing phase now and is back at $48k, meaning bitcoin will break through again at the $50k mark the middle of this month.

I see that the price of bitcoin will decline again in the next few weeks, this is because the whales are starting to try to take their short-term profits now and of course it will greatly affect the decline in the price of bitcoin, moreover the refusal of the citizens of el salvador to bitcoin can worsen bitcoin price later, even so I think this is the right time to get into bitcoin and we can keep bitcoin until the price gets better later

The El Salvador market is still small so I don't think it will greatly influence the market. On the other note, it is hard to prediction where the bitcoin's price will be in the next 24 hours or in the next few days. It can go up and down anytime, and one great news, we will see the price shooting in few hours, whereas, if there will be bad news, we can see it plummet for thousands of dollars in few minutes. So what am I  saying here is that everyone can predict the price but getting it right would be hard. The factors affecting are diverse and we can't pinpoint the major ones that will give us indication of where it is going.

the market conditions are bearish right now and the market is colored red everywhere. bitcoin is back down to $47k and will most likely drop to $46k in the next 24 hours. I agree with what you said earlier that the El Salvador Market has not had much effect on the market growth in the past two day. We hope that bitcoin can be supported again from the big investors, so that the whales can bullrun again.

[Silberman]

I worry about this situation because bitcoin can go to any lower price without knowing, although we can predict how the lower bitcoin price will go. We need to anticipate the losses and be ready for the worst scenario in the market so we do not have to get a big loss. And if necessary, we can leave the market temporarily until the situation can be back normal. If you still want to try your luck, you need to analyze deeper to find when to enter the market.

You'll/We'll never know exactly, that is the reality in here. We just live into speculations and we usually based on their previous performance but none of them give us the hint of the close possible to happen next, it certainly be going nowhere.
We have that low at $44k but looking on the chart now, we are getting back to $46k. People are mostly expecting continuous drops but apparently, they are wrong ( including me).

We are now at 48k but the price seems to be going nowhere and quite honestly it does not surprise me, we need to remember that during the last year the growth that we saw began to appear until October and while history is not going to repeat itself exactly I think that is the soonest we could hope for the price to begin to go up as rapidly as we are expecting, so I am not worried at all and I will enjoy the sideways movements while they last.

Hardest part is that when the time that bitcoin price is moving sideways then you cant really tell on where it would be heading next which simply means that it is really hard for you to determine on what would be the next support.

Basing off with my technical analysis then the next support would be on 43k and if it breaks then 40k or 10k increment would happen for sure but for now its early to say that we would really be going that low.

For resistances then it would be on 50k and 52k until we do tend to break that 60k resistance and going into its previous ATH which we do hopefully could break this year.

Without a doubt sideways movement is a challenge for those that are holding their coins for the long term as we know that things could go in either direction, however since we are going sideways when we are far from the ATH and we already suffered an important correction then I think there are bigger chances for the price of bitcoin to go up than to go down, especially since this is happening at the best time of the year for bitcoin in which it has demonstrated its ability to grow exponentially in the past.

[Pamadar]

The El Salvador market is still small so I don't think it will greatly influence the market.

Indeed, with a huge crowd who support Bitcoin, El Salvador is too small to make any huge influenced
and direct the destination of the current market.

On the other note, it is hard to prediction where the bitcoin's price will be in the next 24 hours or in the next few days.

Tough job and there's no proven data that will accurately guide you to predict where the market is heading.

It can go up and down anytime, and one great news, we will see the price shooting in few hours, whereas, if there will be bad news, we can see it plummet for thousands of dollars in few minutes.

This is common inside the market where fomos and fuds are working alongside with the news that the community received from time to time.

So what am I  saying here is that everyone can predict the price but getting it right would be hard.

True. Everyone can give their own prediction, but no one can foreseen the accurate one.

The factors affecting are diverse and we can't pinpoint the major ones that will give us indication of where it is going.

We are just leaning about how we understood the market, after that we are all hoping that our assessment is right to benefits.

[MCobian]

I'm also quite worried the Bitcoin price will drop below $40k again when the correction occurs, but what I was worried about didn't happen. Bitcoin
price is back to near $50k again, hopefully our hopes that the Bitcoin price will rise again above $50k can happen in the near future. Therefore, there is
not much we can do for now other than be patient with holding the Bitcoins we have.

Yes, I was a bit worried about it as well. What happens in crypto is that if the price can't go to one direction then it goes to another direction, the 50k+ was not a permanent one and it kept on going down so eventually I assumed it would start to go down a lot. That did not happen and I am quite happy about it but we are not back to 50k+ just yet neither, which means we should be a lot more careful about what is going on right now.

Nobody can guarantee that this 48k+ will not turn to 40k in a week or two. Which is why lets not get our hopes up just yet, we should be happy that it is this way but we should not be crazy about what is going on neither. Just focus on very long term and you will not be bothered by the falls that happens meanwhile, what happens now is not really important if you plan on selling 10 years later, that is how I overcome the emotions during those big falls.

It looks like your prediction came true, Bitcoin surprisingly fell quite deep and touched the price of $40k, it was quite worrying for me. But now it
seems that Bitcoin price is slowly recovering and managed to rise again to the price of $43k, I hope the price of Bitcoin can continue to rise again
near the price of $50k. The market looks really crazy the last few days, maybe you are right we really should focus on collecting Bitcoins for
long-term investments. So Bitcoin price changes are very volatile, doesn't stress us out.

[rhodelmabanal]

I think this is only a small correction and after this dropping we can maybe see Bitcoin at the higher price with a new ATH. Bitcoin has a good start this year and most of the expert believe that Bitcoin will reach 100k$ before year end but is does not mean that the price will not going to fall like what happen on Monday,Bitcoin price drop up to 40k$, and now it is 44k$ and maybe this was the time that the bitcoin will continue to rise up to 100k$.

[ziyaaa]

We all are curious about this. Because the price correction is still maintaining its existence. The price managed to climb to $45k again but it wasn't late for us to see that the price fell back to $40k very quickly. Bitcoin price is really unstable these days. We have literally no certain idea about when we can get rid of this boring time period. I'm still keeping my hopes up about the next month.

[Emitdama]

I think this is only a small correction and after this dropping we can maybe see Bitcoin at the higher price with a new ATH. Bitcoin has a good start this year and most of the expert believe that Bitcoin will reach 100k$ before year end but is does not mean that the price will not going to fall like what happen on Monday,Bitcoin price drop up to 40k$, and now it is 44k$ and maybe this was the time that the bitcoin will continue to rise up to 100k$.

Even it's completely unpredictable no one can give perfect figure, but recently we have some good fundamentals which are help bitcoin to stay on some reasonable price so most chances it's not going very low despite some fluctuation, indeed more analyst predicting this will not go far just because of this we need to believe on them and on their predictions.

Recently we have $40K is good resistance point for this and after touching this it's moving around $45k to $47K which is not bad but in coming weeks we will be able to settle this around $50K because now some fundamentals are good for this and if we have no serious problem or any announcement from any country than It's going to move around this figure.

[Slow death]

all attention is around $38000, if the price drops below $38000 we already know that it will only stop falling and have a reversal at $30,000, if the price resists above $43000 it will probably want to go up and try to break the  $52000, at this point it is crucial that people who buy to make hodl wait to see the price direction before buying

[jakdanyel]

The price correction is still going even further. And I literally have no idea about the end of this bad condition. Maybe it will end tomorrow or one week later or even on a further date. People are hoping to see the price recovering as of the beginning of October. This might be the biggest chance for us to see another big rally in the market I think.

[mr500]

It is a part of a cryptocurrency market cap, it had have and will have ... you want to hold then just hold don't bother about the price.If you want to sell then just sell.If the price keeps going down,then you've made a loss and you could buy BTC at a lower cost.If the price goes up after you buy,then you've made a profit,but losing money is a part of trading.I don't believe that the price will go up.This 50K price pump was probably just a price bubble,caused by some crypto whales or the hype around El Salvador.So tread and wait for better time to get big profit.

[junmisakiro]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Until now the price of bitcoin has not been able to rise from its fall after successfully touching the level of $ 52k, the correction that occurs in bitcoin at this time I think tends to be temporary because recently if we see there is no too sharp decline, the correction that is currently experienced is more make the bitcoin price stable between the levels of $ 41k to $ 42k, then fundamentally the price of bitcoin is very likely to immediately return to the price of $ 52k.

[TheEconomists]

With the look of how the market is moving the bottom before any serious upward trend to like $50k and above is $37k and we do hope that it will not get below this speculation so that an upward trend will easy and fast when the time comes.

[Review Master]

Until now the price of bitcoin has not been able to rise from its fall after successfully touching the level of $ 52k, the correction that occurs in bitcoin at this time I think tends to be temporary because recently if we see there is no too sharp decline, the correction that is currently experienced is more make the bitcoin price stable between the levels of $ 41k to $ 42k, then fundamentally the price of bitcoin is very likely to immediately return to the price of $ 52k.

Hopefully, it isn't the dead cat bounce comparing previous bull seasons in worst case scenario. If it’s the dead cat bounce, than we could see more sharp decline in the upcoming weeks. Also, it would be great to see bitcoin above the $50k price level for another bullish rally. Lets just hope for the best and prepare for the worst, IMHO.

[LUCKMCFLY]

Many are hoping or betting that BTC can go down to $30k, the bears are campaigning hard for it, technical indices made by cointelegraph suggest that the bulls are defending an acceptable price level:

a break and close above the 20-day EMA will be the first sign that the selling pressure could be reducing. The pair may then rise to the 50-day SMA ($46,580), followed by a move to $48,843.20.

Source: https://cointelegraph.com/news/price-analysis-9-29-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni

The price levels that analysts suggest if a bullish movement occurs, they say it can reach up to $48k, but in my personal opinion I think it can go as high as $ 50k which is the most likely psychological price.

[darkangelosme]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think Bitcoin would slowly rise up till next month or in November, and will hit 50k to 55k USD at that moment that's why I'm still holding on and hoping to come at that price to gain some profit, that my opinion.

[arufox]

After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.

I think Bitcoin has been on the rise again since early October and has the potential to increase quite significantly over the next few weeks. The price of bitcoin has now returned to the level of $62k. Therefore, I think by the end of this month, BTC will most likely hit $65k and potentially enter the $70k to $75k region in late October or early November.

[rincoeng1986]

After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.

I think Bitcoin has been on the rise again since early October and has the potential to increase quite significantly over the next few weeks. The price of bitcoin has now returned to the level of $62k. Therefore, I think by the end of this month, BTC will most likely hit $65k and potentially enter the $70k to $75k region in late October or early November.

Bitcoin is holding between $60,000 and $62,000 for the next few days. Bitcoin market price is on the verge of calming and investors are looking at other altcoin markets, because altcoins have started to go all the way to the moon and have started the green zone with the highest percent rate.

[onecall123]

After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.

I think Bitcoin has been on the rise again since early October and has the potential to increase quite significantly over the next few weeks. The price of bitcoin has now returned to the level of $62k. Therefore, I think by the end of this month, BTC will most likely hit $65k and potentially enter the $70k to $75k region in late October or early November.

At the moment I'm watching Bitcoin's price movements. It is amazing to see BTC above $62k. Crypto's total market capitalization has reached $2.5 trillion, which is a major resistance. As a result, we can expect a good rally in crypto markets. BTC is close to its all-time high, and we'll see some really good momentum once BTC crosses $65,000. If you watch constantly, I recommend buying the dumps and making quick money. For those looking for quick profits.

[STT]

This present pullback so far is nothing much but I'm waiting to see if daily bars matter or not for it to develop negatively.



So about 62.5k area was my previous guess for a good test area to support where price action could then go back up.    See if losing a positive pattern on daily bars would matter and also the momentum of the weekly average.   I expect any proper down move to require multiple confirmations and this is just a first test, wont be worrying everyone.

[Rimueng]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

In my opinion, Bitcoin looks quite bullish so far where the bitcoin price has reached $66k. However, for the medium term or the next few months, it looks like bitcoin will continue its bullish trend or the biggest upside potential will hit $80k later this year.

[Kasabus]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

In my opinion, Bitcoin looks quite bullish so far where the bitcoin price has reached $66k. However, for the medium term or the next few months, it looks like bitcoin will continue its bullish trend or the biggest upside potential will hit $80k later this year.

Bitcoin has been bullish since the first day of october and up to the present, its still working on to reach another all time high before this year ends. But i also notice that its price at the moment is rarely not seen going up, maybe of just some price correction or what. Ethereum instead is having a fast pace price surge reaching on its new all time high.

Well, bitcoin is still bullish even if its price does not make any significant pumps in these past few days, and for sure it will reach another peaks before we see it. Price corrections will always be inevitable, just like bitcoin will always recover from any dumps in the market.

[ultrloa]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

In my opinion, Bitcoin looks quite bullish so far where the bitcoin price has reached $66k. However, for the medium term or the next few months, it looks like bitcoin will continue its bullish trend or the biggest upside potential will hit $80k later this year.

Yes we are still bullish knowing that bitcoin never drops at below $60k at the moment and this negative side which is happening these days is I think normal since there so many times that the drop hit the market after new ATH show up in the market and maybe other is just positioning again to buy at the dip so its good to enter when the market is in correction mode. And most provably we can see this continue since month of November and December is so promising.

[bitgolden]

we are still bullish knowing that bitcoin never drops at below $60k at the moment and this negative side which is happening these days is I think normal since there so many times that the drop hit the market after new ATH show up in the market and maybe other is just positioning again to buy at the dip so its good to enter when the market is in correction mode. And most provably we can see this continue since month of November and December is so promising.

That is the thing about bitcoin. I keep trying to explain this to people but many people do not understand it. If you are dealing with bitcoin, the first thing you need to know is that it "tries" a direction and if it fails then it goes to other direction.

For example, let's assume the price is 45k, and it drops to 40k, it will try to go down even more, there will be a lot of selling and price will slightly drop and then suddenly recover, that means it rejects going under 40k, in that case sellers will eventually be gone because they all sold or gave up, then the price will start to creep back up and even go beyond 45k. Same for now, it tried to drop under 60k, failed and that means we are going to see a situation where the price will hit 70k+ because it has tried to go down and failed which left only upwards to go. I can't guarantee this, but that is usually what happens.

[Victorycoin]

Bitcoin is a more volatile cryptocurrency. It can grow much faster in a short period of time also can be corrected again. In my opinion it's price correction price would be 41k to 45k.

Investors were worried when the price of bitcoin fell but seeing the price rise again, everyone thinks the market will correct there is always instability in the crypto market so there is nothing to do but wait patiently. The price of bitcoin is above 45k it seems that it can go above 50k.

current market prices are no more like the local markets we have encountered in our cities. so don't worry about market conditions that often go up and down, because supply and demand have a level of balance. the bitcoin price has entered the healing phase now and is back at $48k, meaning bitcoin will break through again at the $50k mark the middle of this month.

Waiting to see the true value of bitcoin is a good decision bitcoin usually breaks all its resistance $ broke 50k and crossed 60k. Investors expect more growth later this year if the market goes down and suffers losses, it will rise again if it waits for the right time.

[rodskee]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

The fall bring Bitcoin price lowered down to 28,000 but breaking that 52k instead recorded another ATH that valued 66,000 .

this is how volatile and unpredictable bitcoin price is , so If you are here to make easy money then you are missing the chance because this is for a strong hands and willing to take a risk in semi long term or best if Long term investing.

[bitterguy28]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

In my opinion, Bitcoin looks quite bullish so far where the bitcoin price has reached $66k. However, for the medium term or the next few months, it looks like bitcoin will continue its bullish trend or the biggest upside potential will hit $80k later this year.

Well there are many speculative post about that 80k to be the highest price Bitcoin can achieve this year of 2021
looks like the 100k target is far from happening now , and i know that it is exaggerated to expect 100k when there are no update and other new trend to follow .
but nothing is certain until it happens so lets see if Bitcoin may break another ATH or we will stick to that 66k as the prime now.

[Woodie]

The fact that we have broken the $60k price barrier if we are looking for the extent the current correction can go it has to be this price of $60k which could be an area which will be retested before continuing the uptrend and provided we don't have any negative tweets from influencers or news that will hurt market price...I really don't expect this to go below $55k in any worse case scenario. AFAIK markets are still bullish..


 

[Japinat]

The fact that we have broken the $60k price barrier if we are looking for the extent the current correction can go it has to be this price of $60k which could be an area which will be retested before continuing the uptrend and provided we don't have any negative tweets from influencers or news that will hurt market price...I really don't expect this to go below $55k in any worse case scenario. AFAIK markets are still bullish..

The market is still bullish but we cannot say it will never go down below $55k this year. You might have forgotten what happen this year when bitcoin hits an ATH of $64k but it fall down due to correction and bitcoin hit the rock bottom this year at a price of $29k. So what I'm saying is, nothing is certain since the crypto market is really unpredictable, anything could happen.

[saltomanx1x]

The fact that we have broken the $60k price barrier if we are looking for the extent the current correction can go it has to be this price of $60k which could be an area which will be retested before continuing the uptrend and provided we don't have any negative tweets from influencers or news that will hurt market price...I really don't expect this to go below $55k in any worse case scenario. AFAIK markets are still bullish..

The market is still bullish but we cannot say it will never go down below $55k this year. You might have forgotten what happen this year when bitcoin hits an ATH of $64k but it fall down due to correction and bitcoin hit the rock bottom this year at a price of $29k. So what I'm saying is, nothing is certain since the crypto market is really unpredictable, anything could happen.

the bear market is in a defensive position and how long it can survive for now cannot be predicted with accuracy. for now you can be indifferent whether bitcoin will be corrected again or there will be bullrish again, so you still have to be vigilant at this time.

[xmonkeyx]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

after experiencing a price increase, the correction is not too far, I see it tends to be without significant movement. that's a very good sign in my opinion with the possibility of making a new ATH again in the near future.

[Pamadar]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.

Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.

With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.

That small span back already provides them profits, small but assured gains.

[TheGreatPython]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I doubt that we would ever go to a level where we reach under 50k. Even on the worst cases right now, I do not see us go under 50k, there is a very good support there and it will probably hold off any falls. Obviously this is crypto, we have seen from 64k to under 30k in a month just recently during May-June period and that means it is not impossible for us to go down even more. However just because something happened once doesn't mean that it will happen again.

I hope that we end up with something that is decent and I hope that we will not have to worry about what the bottom could be in worst cases. We could see 70k as much as we could see 50k, and that version is something I rather see.

[Oceat]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

after experiencing a price increase, the correction is not too far, I see it tends to be without significant movement. that's a very good sign in my opinion with the possibility of making a new ATH again in the near future.

It's because people know holding is better now than selling everything in the market. I guess they just realized how much profit they've missed in the past if only they hodl their Bitcoin until today they should be earning lots of profit but that's not the case since most of them believe that Bitcoin is no longer profitable after seeing it drop like a pump and dump coins or referring it as a tulip mania which is different from the past era.

Speculators believe that we may hit a new ATH again and that price would be 6 digit if the market will allow it or below $100k as what they said before the year end.

[freedomgo]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I doubt that we would ever go to a level where we reach under 50k. Even on the worst cases right now, I do not see us go under 50k, there is a very good support there and it will probably hold off any falls. Obviously this is crypto, we have seen from 64k to under 30k in a month just recently during May-June period and that means it is not impossible for us to go down even more. However just because something happened once doesn't mean that it will happen again.

I hope that we end up with something that is decent and I hope that we will not have to worry about what the bottom could be in worst cases. We could see 70k as much as we could see 50k, and that version is something I rather see.

With price correction that is inevitable, I think reaching below $50k is still possible once the market hits another deep crash that will create significant dump in the market. However, with the big institutions that have backed up right now,there are more chances of reaching another heights than seeing it falling its price. Indeed, $70k is very possible before this year ends and same $100k in the next year.

[Kelvinid]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I doubt that we would ever go to a level where we reach under 50k. Even on the worst cases right now, I do not see us go under 50k, there is a very good support there and it will probably hold off any falls. Obviously this is crypto, we have seen from 64k to under 30k in a month just recently during May-June period and that means it is not impossible for us to go down even more. However just because something happened once doesn't mean that it will happen again.

I hope that we end up with something that is decent and I hope that we will not have to worry about what the bottom could be in worst cases. We could see 70k as much as we could see 50k, and that version is something I rather see.

With price correction that is inevitable, I think reaching below $50k is still possible once the market hits another deep crash that will create significant dump in the market. However, with the big institutions that have backed up right now,there are more chances of reaching another heights than seeing it falling its price. Indeed, $70k is very possible before this year ends and same $100k in the next year.

It-dumps and it rises back strong as it was shown in the previous hypes. Nothing to expect like this but that seems impossible as we are testing the market several times with the same trend. And as the market making it slow recovery at this time, we can be hopeful at it reaches back above $60k which is possible to make another new ATH record this year.

$70k is quite possible but I don't agree with some people saying $100k, that might it happen possibly next year.

[Slow death]

honestly speaking don't expect a correction anytime soon, whenever the price drops below $60,000 it immediately goes up a lot, which shows that there is great buying interest at levels below $60,000, so a super strong support is forming at the $57000 - $60,000 and I don't believe it will fall below that anytime soon, with this ETF thing people are going crazy thinking about $300,000. forget correction

[Lanatsa]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.

Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.

With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.

That small span back already provides them profits, small but assured gains.

If it is possible in the long term it will be even more profitable, but conditions like this are usually only investors who have the power to invest, while we are only able to collect bitcoins in small amounts, and even then it is not worth the profit we will get, the correction to bitcoin is actually not too dangerous, compared to the correction that occurred in altcoins, but unfortunately we can not take advantage of the condition of bitcoin to make investments.

Not too dangerous for those who do held of for long term but for those who do love to play with volatile price then this is where things do become different.

Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world

but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.

[milewilda]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.

Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.

With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.

That small span back already provides them profits, small but assured gains.

If it is possible in the long term it will be even more profitable, but conditions like this are usually only investors who have the power to invest, while we are only able to collect bitcoins in small amounts, and even then it is not worth the profit we will get, the correction to bitcoin is actually not too dangerous, compared to the correction that occurred in altcoins, but unfortunately we can not take advantage of the condition of bitcoin to make investments.

Not too dangerous for those who do held of for long term but for those who do love to play with volatile price then this is where things do become different.

Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world

but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.

If holding on for the long term is actually something that can guarantee a large profit compared to the short term, but this must also be based on the initial purchase price, if the purchase is at the highest price, then a long time will determine how many years you have to wait, the opportunity to buy At low prices, you must pay attention, if you want to make long-term investment patterns, if you play at fluctuating prices, this will be dangerous in my view.

There's no guarantee when it comes to profit with crypto investment even you do say you do stick out with bitcoin.This isnt something you could compare because even traditional investment doesnt really talk about being risk free.There's always an accompanied risk on any decisions you do make.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.

[STT]

I have drawn in some idea for a declining pattern over the last few days or so but I dont believe it has much strength to it and we remain merely range bound around 60k area.  If we were to lose 59k it might move further and require confirmation lower but so far sideways is neither negative or positive in indication.

  Momentum has us once again above a weekly average and so not effecting any regular decline for the end to this weekly bar.   My guess is positive action though its sideways up close

[Vaculin]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.

Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.

With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.

That small span back already provides them profits, small but assured gains.

If it is possible in the long term it will be even more profitable, but conditions like this are usually only investors who have the power to invest, while we are only able to collect bitcoins in small amounts, and even then it is not worth the profit we will get, the correction to bitcoin is actually not too dangerous, compared to the correction that occurred in altcoins, but unfortunately we can not take advantage of the condition of bitcoin to make investments.

Not too dangerous for those who do held of for long term but for those who do love to play with volatile price then this is where things do become different.

Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world

but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.

If holding on for the long term is actually something that can guarantee a large profit compared to the short term, but this must also be based on the initial purchase price, if the purchase is at the highest price, then a long time will determine how many years you have to wait, the opportunity to buy At low prices, you must pay attention, if you want to make long-term investment patterns, if you play at fluctuating prices, this will be dangerous in my view.

There's no guarantee when it comes to profit with crypto investment even you do say you do stick out with bitcoin.This isnt something you could compare because even traditional investment doesnt really talk about being risk free.There's always an accompanied risk on any decisions you do make.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.

Price corrections will always happen even if the market does not show any hints but as long as the market stays volatile, there will always be price corrections that will create price changes in the market. With bitcoin, price correction is far way better because it can make the price even reach another high price after that. But for some not reliable crypto coins, price corrections will always pull them back. As long as bitcoin continues to be bullish, even how often price correction appears, it will always recover and moves up again.

[Fatunad]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.

Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.

With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.

That small span back already provides them profits, small but assured gains.

If it is possible in the long term it will be even more profitable, but conditions like this are usually only investors who have the power to invest, while we are only able to collect bitcoins in small amounts, and even then it is not worth the profit we will get, the correction to bitcoin is actually not too dangerous, compared to the correction that occurred in altcoins, but unfortunately we can not take advantage of the condition of bitcoin to make investments.

Not too dangerous for those who do held of for long term but for those who do love to play with volatile price then this is where things do become different.

Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world

but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.

If holding on for the long term is actually something that can guarantee a large profit compared to the short term, but this must also be based on the initial purchase price, if the purchase is at the highest price, then a long time will determine how many years you have to wait, the opportunity to buy At low prices, you must pay attention, if you want to make long-term investment patterns, if you play at fluctuating prices, this will be dangerous in my view.

There's no guarantee when it comes to profit with crypto investment even you do say you do stick out with bitcoin.This isnt something you could compare because even traditional investment doesnt really talk about being risk free.There's always an accompanied risk on any decisions you do make.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.

Price corrections will always happen even if the market does not show any hints but as long as the market stays volatile, there will always be price corrections that will create price changes in the market. With bitcoin, price correction is far way better because it can make the price even reach another high price after that. But for some not reliable crypto coins, price corrections will always pull them back. As long as bitcoin continues to be bullish, even how often price correction appears, it will always recover and moves up again.

Does not show any hints and this is where we could directly say that it do happens all the time.We dont know on when it would splunge and make out some huge correction in percentage manner thats why some people do really make out securing of their profits while the price is still high or they are still on gains because they are fully aware that it could really happen unexpectedly.You would really see lots of people had already been
anticipating that it could happen from time to time and the possible dip price cant really be known.It could go as far as we dont anticipate and that what gives us some anxiety and hesitance.

[STT]

We are back to the 50 day average now and some fib level support from previous action.   It can recover from here now thats occured it may flush some of the selling.  The volume was higher on this day then most though which shows it wont be easy to undo exactly.

[buwaytress]

We are back to the 50 day average now and some fib level support from previous action.   It can recover from here now thats occured it may flush some of the selling.  The volume was higher on this day then most though which shows it wont be easy to undo exactly.

Big fan of MAs but 200, though have to say am even bigger "fan" of volume so yeah, the numbers behind the dip is of some concern to me. Thought that the weekend and Monday was going to turn this thing on its head but then we're seeing a lot of weakness spill out from Bitcoin into the stronger alts as well (ETH especially) so I won't be surprised if the selling appetite grows this week.

As long as we spend more days above 60 than below til Sunday, we should be all right. Until next week anyway.

[perfect999]

Big fan of MAs but 200, though have to say am even bigger "fan" of volume so yeah, the numbers behind the dip is of some concern to me. Thought that the weekend and Monday was going to turn this thing on its head but then we're seeing a lot of weakness spill out from Bitcoin into the stronger alts as well (ETH especially) so I won't be surprised if the selling appetite grows this week.

As long as we spend more days above 60 than below til Sunday, we should be all right. Until next week anyway.

The leverages being cashed out could be one of the main reasons why it dropped so quickly, when you get liquidated all of the btc is sold of usdt or something else and there were hundreds of thousands of them (not amount of money, literally the amount of orders) so I believe that it was a quick correction and with that being done I believe we are a lot more free for the future. Some people may agree with me or some people my disagree that's all fine, I am not some financial leader and I end up being wrong so many times so I am not really saying this is correct no matter what.

All I am saying is that there is a good problem to have and there is a bad problem to have and we shouldn't worry about a good problem to have. Crypto in a recovery situation is a good problem and we should be happy about having a small correction because it means we didn't had a crash.

[ultrloa]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.

Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.

With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.

That small span back already provides them profits, small but assured gains.

If it is possible in the long term it will be even more profitable, but conditions like this are usually only investors who have the power to invest, while we are only able to collect bitcoins in small amounts, and even then it is not worth the profit we will get, the correction to bitcoin is actually not too dangerous, compared to the correction that occurred in altcoins, but unfortunately we can not take advantage of the condition of bitcoin to make investments.

Not too dangerous for those who do held of for long term but for those who do love to play with volatile price then this is where things do become different.

Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world

but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.

If holding on for the long term is actually something that can guarantee a large profit compared to the short term, but this must also be based on the initial purchase price, if the purchase is at the highest price, then a long time will determine how many years you have to wait, the opportunity to buy At low prices, you must pay attention, if you want to make long-term investment patterns, if you play at fluctuating prices, this will be dangerous in my view.

There's no guarantee when it comes to profit with crypto investment even you do say you do stick out with bitcoin.This isnt something you could compare because even traditional investment doesnt really talk about being risk free.There's always an accompanied risk on any decisions you do make.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.

Price corrections will always happen even if the market does not show any hints but as long as the market stays volatile, there will always be price corrections that will create price changes in the market. With bitcoin, price correction is far way better because it can make the price even reach another high price after that. But for some not reliable crypto coins, price corrections will always pull them back. As long as bitcoin continues to be bullish, even how often price correction appears, it will always recover and moves up again.

Does not show any hints and this is where we could directly say that it do happens all the time.We dont know on when it would splunge and make out some huge correction in percentage manner thats why some people do really make out securing of their profits while the price is still high or they are still on gains because they are fully aware that it could really happen unexpectedly.You would really see lots of people had already been
anticipating that it could happen from time to time and the possible dip price cant really be known.It could go as far as we dont anticipate and that what gives us some anxiety and hesitance.

This is totally true no one can actually predict on when this to happen so we don't have any idea if this will happen today or even this end quarter of the year, but we can speculate base on what majority thinks since this could add up the trend and might this could start another hype to lift the price of bitcoin. But hopefully we will not see any bad sign these month so that the recovery after the dump happen will continue.

[Kemarit]

We are back to the 50 day average now and some fib level support from previous action.   It can recover from here now thats occured it may flush some of the selling.  The volume was higher on this day then most though which shows it wont be easy to undo exactly.

Big fan of MAs but 200, though have to say am even bigger "fan" of volume so yeah, the numbers behind the dip is of some concern to me. Thought that the weekend and Monday was going to turn this thing on its head but then we're seeing a lot of weakness spill out from Bitcoin into the stronger alts as well (ETH especially) so I won't be surprised if the selling appetite grows this week.

As long as we spend more days above 60 than below til Sunday, we should be all right. Until next week anyway.

Well we haven't dip that low, $60,000 is the max that I've seen so far so we are still good.

But the volume is still so-so to me, either Bitcoin->Altcoin or Bitcoin cashing out is happening. Weekends is still like days though, a lot of things can happen in the next 24 hours, but I'm not expecting any sudden moves, perhaps we might be trading sideways until weekends or some recovery to $61,000 but that's it. And then we start a new week hoping for a good bounce to at least $65,000.

[arufox]

After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.

I think Bitcoin has been on the rise again since early October and has the potential to increase quite significantly over the next few weeks. The price of bitcoin has now returned to the level of $62k. Therefore, I think by the end of this month, BTC will most likely hit $65k and potentially enter the $70k to $75k region in late October or early November.

Bitcoin is holding between $60,000 and $62,000 for the next few days. Bitcoin market price is on the verge of calming and investors are looking at other altcoin markets, because altcoins have started to go all the way to the moon and have started the green zone with the highest percent rate.

In the last few weeks, the price of bitcoin and altcoins has experienced a significant decline. Currently, the crypto market is in the red and the bitcoin price has fallen to $56k in the past week. In fact, bitcoin had broken its new ATH record at the level of US $ 68k at the beginning of last November.

[2double0]

These look like warning signs which can indicate of possible dumps that may be seen in the market as btc is still holding under 60k but not getting over it. I see crypto adoption becoming a big revolution, but while this adoption is taking place, so are the regulations so new investors will also be worried about investing in crypto right now. We will see how everything goes once regulations are in place.

[StreakW]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

[Finestream]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

So does it mean that this current price correction will be more extended? Actually, no one knows exactly how far this correction can go. What we have are just speculations since we are only basing mostly from its history, and anything could happen either based on our own speculation or the opposite way. But let’s not make this a barrier that we can’t make profits this time. Of course, we can still take advantage from the current correction by buying bitcoin and solid altcoins in their low prices. This may be risky as it is as the price could still go lower but as long as our intention is to hold them for long, then price corrections do not matter at all.

[rahmatrf331]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

So does it mean that this current price correction will be more extended? Actually, no one knows exactly how far this correction can go. What we have are just speculations since we are only basing mostly from its history, and anything could happen either based on our own speculation or the opposite way. But let’s not make this a barrier that we can’t make profits this time. Of course, we can still take advantage from the current correction by buying bitcoin and solid altcoins in their low prices. This may be risky as it is as the price could still go lower but as long as our intention is to hold them for long, then price corrections do not matter at all.

bitcoin is undergoing a long correction after yesterday the market price was able to penetrate the highest price of $68k and there was a very significant correction so that the price fell to the price of $56k. bitcoin price is still holding between $ 55k to $ 57k. market prices really need support from new investors in order to bounce back and hope to penetrate the new ATH again.

[RealMalatesta]

Actually, no one knows exactly how far this correction can go. What we have are just speculations since we are only basing mostly from its history, and anything could happen either based on our own speculation or the opposite way. But let’s not make this a barrier that we can’t make profits this time. Of course, we can still take advantage from the current correction by buying bitcoin and solid altcoins in their low prices. This may be risky as it is as the price could still go lower but as long as our intention is to hold them for long, then price corrections do not matter at all.

I would say if it gets extended too much, then I would name it a bear run and not a correction. We had correction already and that should be it, we do not need to call every single drop a correction. Correction happens after a huge increase in price happens, we had that, moved from 30k to 60k and that was the huge increase, after that we had a correction.

However for a while we have been dropping and not recovering, October was the increasing month and November was the correction month, if December keeps being a correction then I do not think that it could be safely assumed a correction anymore. It is obvious that we are talking about a bear run at that point.

[STT]

My short term take is the price has more work to do, the majority of volume on this graph is weighted towards the candles which resolved negatively.   I presume we remain with negative bias from that ongoing sentiment.   This is only the 2 day average the price action has recovered towards.
   The bottom pricing is not that far below, we are near the 200 day average and theres alot of reasons longer term we find some bottom price around here.   My objective to the downside going back a few days to a week was about 49k and here we are.   Real life is messy, as we move into the working week it must resolve those now wishing to sell vs those who see it as a buying opportunity and I think this will take some time; larger picture Im not expecting a new high this year really more sideways stuff is most likely.

[BuNga_cute]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

So does it mean that this current price correction will be more extended? Actually, no one knows exactly how far this correction can go. What we have are just speculations since we are only basing mostly from its history, and anything could happen either based on our own speculation or the opposite way. But let’s not make this a barrier that we can’t make profits this time. Of course, we can still take advantage from the current correction by buying bitcoin and solid altcoins in their low prices. This may be risky as it is as the price could still go lower but as long as our intention is to hold them for long, then price corrections do not matter at all.

bitcoin is undergoing a long correction after yesterday the market price was able to penetrate the highest price of $68k and there was a very significant correction so that the price fell to the price of $56k. bitcoin price is still holding between $ 55k to $ 57k. market prices really need support from new investors in order to bounce back and hope to penetrate the new ATH again.

After a long time Bitcoin stabilized at a price of $55k-$57k, finally Bitcoin surprisingly dropped to a price below $50k. This really surprised me,
because I thought that in December Bitcoin could recover and go back above $60k. But my prediction was wrong and it disappointed me enough,
even though my prediction was wrong, I still hope Bitcoin will recover in the near future. Since we know how far the price of Bitcoin goes down
it will always be able to recover and go higher, at least I hope Bitcoin won't drop below $45k this year. Now I have accepted the possibility that
until the end of the year Bitcoin will not return to the ATH price, but I believe in 2022 Bitcoin will reach new ATH, so I'm still optimistic about
the future of Bitcoin and decided to hold Bitcoin until my target is achieved.

[Tumanggor]

After a long time Bitcoin stabilized at a price of $55k-$57k, finally Bitcoin surprisingly dropped to a price below $50k. This really surprised me,
because I thought that in December Bitcoin could recover and go back above $60k. But my prediction was wrong and it disappointed me enough,
even though my prediction was wrong, I still hope Bitcoin will recover in the near future. Since we know how far the price of Bitcoin goes down
it will always be able to recover and go higher, at least I hope Bitcoin won't drop below $45k this year. Now I have accepted the possibility that
until the end of the year Bitcoin will not return to the ATH price, but I believe in 2022 Bitcoin will reach new ATH, so I'm still optimistic about
the future of Bitcoin and decided to hold Bitcoin until my target is achieved.

your worries won't last long because the bitcoin price will surely return to over $50k

let's make the market correction a moment to buy more bitcoins, we have nothing to lose

I yesterday applied for a loan at my office and I want the money to increase my bitcoin investment

[stadus]

After a long time Bitcoin stabilized at a price of $55k-$57k, finally Bitcoin surprisingly dropped to a price below $50k. This really surprised me,
because I thought that in December Bitcoin could recover and go back above $60k. But my prediction was wrong and it disappointed me enough,
even though my prediction was wrong, I still hope Bitcoin will recover in the near future. Since we know how far the price of Bitcoin goes down
it will always be able to recover and go higher, at least I hope Bitcoin won't drop below $45k this year. Now I have accepted the possibility that
until the end of the year Bitcoin will not return to the ATH price, but I believe in 2022 Bitcoin will reach new ATH, so I'm still optimistic about
the future of Bitcoin and decided to hold Bitcoin until my target is achieved.

your worries won't last long because the bitcoin price will surely return to over $50k

let's make the market correction a moment to buy more bitcoins, we have nothing to lose

If there's no risk then it's appropriate to say that we have nothing to lose.
We are investing, so we would either make profit or lose our money, and that is depending on our strategy.

I yesterday applied for a loan at my office and I want the money to increase my bitcoin investment

Good luck to you mate.. No offense,  but for me, I would never borrow money to invest as I feel it's not a good idea. I follow the principle like in gambling when gamble what I can afford to lose as investing is like gambling as well.

[retreat]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

no one can predict with 100% accuracy but I'm very sure the price of bitcoin will not fall below $40k.
The current market correction must be used by everyone to buy more bitcoins because usually when the price of bitcoin is corrected like this there will be a big bull in the future.

[bengsabeng]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

yes bitcoin has not entered a bearish phase but the price decline that occurred a few days ago could be an early indication that a bearish phase is imminent. bitcoin price fell very deeply in just one day and until now the bitcoin price has not shown any signs of recovering, of course this will make new investors or old investors feel worried.

[BuNga_cute]

After a long time Bitcoin stabilized at a price of $55k-$57k, finally Bitcoin surprisingly dropped to a price below $50k. This really surprised me,
because I thought that in December Bitcoin could recover and go back above $60k. But my prediction was wrong and it disappointed me enough,
even though my prediction was wrong, I still hope Bitcoin will recover in the near future. Since we know how far the price of Bitcoin goes down
it will always be able to recover and go higher, at least I hope Bitcoin won't drop below $45k this year. Now I have accepted the possibility that
until the end of the year Bitcoin will not return to the ATH price, but I believe in 2022 Bitcoin will reach new ATH, so I'm still optimistic about
the future of Bitcoin and decided to hold Bitcoin until my target is achieved.

your worries won't last long because the bitcoin price will surely return to over $50k

let's make the market correction a moment to buy more bitcoins, we have nothing to lose

I yesterday applied for a loan at my office and I want the money to increase my bitcoin investment

Looks like your prediction was right, finally Bitcoin returned to above the price of $50k a few days ago. But unfortunately the price of Bitcoin is
now back down again below the price of $50k. It's not strong enough for Bitcoin price to rise above $50k. But like you said, we shouldn't worry
too much, because Bitcoin is the best coin until now, that's why there is a very high demand for Bitcoin. Then all we have to do is buy more Bitcoin
if the price goes down, because usually the price of Bitcoin will immediately rise if it has fallen deep enough.

But it's not a good thing to invest in Bitcoin using borrowed money, we have to invest money that we can afford to lose. This means that if we have
extra money, we can increase our Bitcoin investment. But if we don't have extra money, don't force to buy more Bitcoin. Because after all Bitcoin is
a high risk asset, we never know when the price of Bitcoin will pump, while the loan money must be paid regularly in installments and must be on time
if you do not want to be fined.

[kendedese]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

yes bitcoin has not entered a bearish phase but the price decline that occurred a few days ago could be an early indication that a bearish phase is imminent. bitcoin price fell very deeply in just one day and until now the bitcoin price has not shown any signs of recovering, of course this will make new investors or old investors feel worried.

  currently the market condition is in a stable phase, meaning that it is not in a bearish phase or a bull run phase.
Of course, conditions like this make many investors feel confused because no one knows after this the bitcoin price will be in a bullish phase or a bull run phase.

[rahmatrf331]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

yes bitcoin has not entered a bearish phase but the price decline that occurred a few days ago could be an early indication that a bearish phase is imminent. bitcoin price fell very deeply in just one day and until now the bitcoin price has not shown any signs of recovering, of course this will make new investors or old investors feel worried.

  currently the market condition is in a stable phase, meaning that it is not in a bearish phase or a bull run phase.
Of course, conditions like this make many investors feel confused because no one knows after this the bitcoin price will be in a bullish phase or a bull run phase.

the steady phase makes investors think for a long time to buy or wait for another drop, but usually it goes down a bit and then starts a sharp bullrun so bitcoin can re-break $52k or $53k. After the incident, many investors were disappointed not to buy and hoped that bitcoin could be corrected but time did not repeat itself.

[Quidat]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

yes bitcoin has not entered a bearish phase but the price decline that occurred a few days ago could be an early indication that a bearish phase is imminent. bitcoin price fell very deeply in just one day and until now the bitcoin price has not shown any signs of recovering, of course this will make new investors or old investors feel worried.

  currently the market condition is in a stable phase, meaning that it is not in a bearish phase or a bull run phase.
Of course, conditions like this make many investors feel confused because no one knows after this the bitcoin price will be in a bullish phase or a bull run phase.

the steady phase makes investors think for a long time to buy or wait for another drop, but usually it goes down a bit and then starts a sharp bullrun so bitcoin can re-break $52k or $53k. After the incident, many investors were disappointed not to buy and hoped that bitcoin could be corrected but time did not repeat itself.

Wont really be that precise from time to time because not all short dumps would having next some bullish run.It could be neither some normal recovery and then made up some sideways movement for a long time or for months.No one knows on what would happen next
because it all matters with the demand and market activity and of course with some market news and events which will
really be the reason on why it would be moving on a particular path.

[uneng]

Currently support level: 47,000$

Currently resistance level: 51,000$

There isn't a big difference between those two values, what means bitcoin is doing a good job fighting volatility. This fact should encourage investors to buy more bitcoins and I'm not sure why it isn't happening yet. Maybe in the next days a decent movement upside can be noticed, creating a new wave of optimism in the market among investors. To have a better understanding of the market I believe we have to read investors' emotions and feelings in the present time instead of reading graphics from the past expecting those movements will repeat following a pattern, because that is unlikely to happen.

[peter0425]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

there is no specification about the goings of Correction because this happens only every  pump and the value will fall hard then recovery will come.,
talking now we are in the growing position as the correction ended weeks ago , this may also brings favor to all who wanted to earn more as the correction brings discounted price in every currency we wanna buy and not only in Bitcoin.

[wajik-tempe]

Currently support level: 47,000$

Currently resistance level: 51,000$

There isn't a big difference between those two values, what means bitcoin is doing a good job fighting volatility. This fact should encourage investors to buy more bitcoins and I'm not sure why it isn't happening yet. Maybe in the next days a decent movement upside can be noticed, creating a new wave of optimism in the market among investors. To have a better understanding of the market I believe we have to read investors' emotions and feelings in the present time instead of reading graphics from the past expecting those movements will repeat following a pattern, because that is unlikely to happen.

The price is going to break the support multiple times but keep bouncing back strong and letting it down, it shows the different how bitcoin this year has strong fundamental no matter how FUD out there, crypto investors already trust bitcoin is not a joke and it's a future assets.
The sideways condition like now is make people doubt to hold and most people are holding their stable coins, but i'm sure if people just trust the fundamental of bitcoin and start to buy it, the price will continue bullish

[Chato1977]

today? it is not about correction because it has been corrected for weeks now , i think what we have now is something similar to what we have last year when there are some group of whales that trying to full and push the market to favor their Money Bagging.
let us not deal with them and continue holding your coin so they will never succeed in their manipulating plans.

[bounceback]

today? it is not about correction because it has been corrected for weeks now , i think what we have now is something similar to what we have last year when there are some group of whales that trying to full and push the market to favor their Money Bagging.
let us not deal with them and continue holding your coin so they will never succeed in their manipulating plans.

Don't worry the current market movement is very different from the movement experienced last year now bitcoin has grown very large and has gained full confidence among the public that bitcoin is the only crypto that is able to have a higher value in the future so that it will be able to drive price movements bitcoin to rally back as soon as possible when experiencing a correction like today.

[matchi2011]

today? it is not about correction because it has been corrected for weeks now , i think what we have now is something similar to what we have last year when there are some group of whales that trying to full and push the market to favor their Money Bagging.
let us not deal with them and continue holding your coin so they will never succeed in their manipulating plans.

Better to think out of the box now, stop following those whales and make your own decision while investing in this market.
A lot of traders losses their money thinking that they are doing the right thing cutting their losses but failed
to assess the right way, thinking that the bottom already been reached but downfall continues to take place.

[Questat]

today? it is not about correction because it has been corrected for weeks now , i think what we have now is something similar to what we have last year when there are some group of whales that trying to full and push the market to favor their Money Bagging.
let us not deal with them and continue holding your coin so they will never succeed in their manipulating plans.

Better to think out of the box now, stop following those whales and make your own decision while investing in this market.
A lot of traders losses their money thinking that they are doing the right thing cutting their losses but failed
to assess the right way, thinking that the bottom already been reached but downfall continues to take place.

And in addition to that, these people lead you to their trap. They're not helping us but instead, they are making us a fool.
Whales are manipulating the market and can we think that this current downtrend is because of them. Could be yes or no, but their influence could change the direction of the market and lead to an uptrend motion. I guess we like it but for now, it was still a wild guess when these corrections will stop.

[StreakW]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

So does it mean that this current price correction will be more extended? Actually, no one knows exactly how far this correction can go. What we have are just speculations since we are only basing mostly from its history, and anything could happen either based on our own speculation or the opposite way. But let’s not make this a barrier that we can’t make profits this time. Of course, we can still take advantage from the current correction by buying bitcoin and solid altcoins in their low prices. This may be risky as it is as the price could still go lower but as long as our intention is to hold them for long, then price corrections do not matter at all.

Of course no one knows accurately how far this correction will end. if you buy at a low price at this time of course will provide its own profit for you. However, you also have to use logic to think, don't use your hunches or feelings. Analyze price movements using technical fundamentals and don't eat FUD news that shakes your decision to make a profit.

[stadus]

Analyze price movements using technical fundamentals and don't eat FUD news that shakes your decision to make a profit.

You also have to understand what are the news outside that would result in FUD as it will certainly make a reaction to some people who are not yet experienced investing in crypto, you know the weak hands will dump and that will result to a panic, and when there's panic, there's an opportunity for the smart investors.

[doomloop]

Looks like your prediction was right, finally Bitcoin returned to above the price of $50k a few days ago. But unfortunately the price of Bitcoin is now back down again below the price of $50k. It's not strong enough for Bitcoin price to rise above $50k. But like you said, we shouldn't worry too much, because Bitcoin is the best coin until now, that's why there is a very high demand for Bitcoin. Then all we have to do is buy more Bitcoin if the price goes down, because usually the price of Bitcoin will immediately rise if it has fallen deep enough.

That is what the volatility causes in the crypto world, we end up with these types of results all the time. I know that it is not really a secret that bitcoin is way too "money", it goes up and down and up and down all the time. We literally reached 64k ATH this year, same year we dropped under 30k, and again on same year reached to 68k+ and now we are under 50k, this all happened in a single year!

If this was some stock then I am 100% sure that SEC would file a suit against them and investigate them for something, they would look for why it is causing the stock price to be moving like that. One direction huge gain is understandable, Tesla made 50% just recently, but to be up and down this much, like even one big up and one big down is ok, but to be up and down multiple times in the north of 50%+ becomes something very unique only to the crypto world.

[STT]

I doubt we go much further lower then this without testing a higher price for confirmation of a ceiling.   Speculators exist in both directions, while the market may be negative sentiment short term some will test the ability of the market to rise from here, it seems higher probability to me as we have exhausted alot of selling already.   Shorts always exist at some level and a rise from here also creates those forced buyers to rejoin the price action also; imo we can go as high as 55k.   Its not a certainty just an idea I keep in mind while looking at the various time frames.

The trigger to look for in this reversal reaction is some kind of higher low pattern, just has to be in the midst of a negative we are slightly higher then the last attempt downwards. 

[Vaskiy]

According to the weekly chart trend line support is around $47750. If the price continue to rise and cross the resistance of $53k, then there is more chance of reaching $55k. If this doesn't happen, then the price could go downwards to $40k which gets set as the bounce point. As the price has crossed $50k it looks like the price will cross $53k and reach $55k within days.

[STT]

Here is the rough range for recent price action, a simple take would be to say if we break upwards out of this range so past 51k or 52k and hold that for a daily bar its bullish.  Vice versa if we do not hold the lows around about the 200 day average at 46k or so then it will prove further negative action will occur.    You can get some advance warning in this way.

[Ngemmeng]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

yes bitcoin has not entered a bearish phase but the price decline that occurred a few days ago could be an early indication that a bearish phase is imminent. bitcoin price fell very deeply in just one day and until now the bitcoin price has not shown any signs of recovering, of course this will make new investors or old investors feel worried.

yes, the recent price decline could be a sign that bitcoin will soon enter a bearish phase, but I think the recent price decline is a reasonable price decline and the price decline is the impact of price increases that have occurred since the beginning of the year. now the bitcoin price is slowly recovering and the bitcoin price is now back above $50k, i hope this condition will continue and there will be no more bull traps.

[stomachgrowls]

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

yes bitcoin has not entered a bearish phase but the price decline that occurred a few days ago could be an early indication that a bearish phase is imminent. bitcoin price fell very deeply in just one day and until now the bitcoin price has not shown any signs of recovering, of course this will make new investors or old investors feel worried.

yes, the recent price decline could be a sign that bitcoin will soon enter a bearish phase, but I think the recent price decline is a reasonable price decline and the price decline is the impact of price increases that have occurred since the beginning of the year. now the bitcoin price is slowly recovering and the bitcoin price is now back above $50k, i hope this condition will continue and there will be no more bull traps.

Decline doesnt always mean that we are heading bearish because most of the time it would really serve or act as a correction which is really a very normal

condition for a market to have because we cant really just be having a one way or path to move and this wont be called a market on the first place
if we dont see out these factors or things.

Bull traps Bear traps, deep corrections,bearish and bullish run.Everything could be possibly be seen along the way
thats why you should really prepare yourself on something like this and dont anticipate that the market could
always have that sunny day.

[bct-user]

the recent price decline could be a sign that bitcoin will soon enter a bearish phase,

You cannot simply conclude it like that. The current decline is normal, it is a correction after some pumps previously. What's wrong with the correction? Before Bitcoin to have another pump, there should be some dumps or corrections first. Now, we are experiencing the correction, just be patient to wait for the end of this decline.

i hope this condition will continue and there will be no more bull traps.

Bull trap will be always there, we cannot expect to have no any bull trap anymore. I think it is impossible.

[chikading2016]

Bitcoin can go beyond our expectations, in the begining of year 2021 I only expect bitcoin price at 30 to 45k$ but it reach 60k$ and maybe it can go higher than 100k$ in year 2022. Crypto is full of surprise and if we have patience we can really earn on it. People who have big patience is now is always winner in crypto.

[LogitechMouse]

yes, the recent price decline could be a sign that bitcoin will soon enter a bearish phase, but I think the recent price decline is a reasonable price decline and the price decline is the impact of price increases that have occurred since the beginning of the year. now the bitcoin price is slowly recovering and the bitcoin price is now back above $50k, i hope this condition will continue and there will be no more bull traps.

How much time is "Soon" for you? 1 week? 1 month? 2 months? 1 year? The word soon is very broad term when it comes to Bitcoin and its price movement so at least say a specific time frame.

Well, many are saying that we might enter the bear market phase possible next year. The recent price decline is cause maybe by the investors taking out profit and liquidations that caused the market to go down even further. Unfortunately, Bitcoin is at $48,000 right now which is the 34 Weekly MA right now. The 21 and 34 Weekly MA is a strong support and if Bitcoin goes down below these lines and closes below it then we might see further downside pressure.

[ranaprime]

Bitcoin or cryptocurrency candlesticks will never run in the same way, which is not possible. It is natural that whenever it is upwards it will break and fall downwards. In the current situation, I think it will be in the $44,000 by this year and then the bull run will start again.

[LFC_Bitcoin]

I’m hoping that because we didn’t have a really explosive blow off top like $150,000 or something which was predicted, then it means we don’t have the usual 80% dump bear market.
Maybe we could go sub $30,000 & that’ll be the bottom. I think that COVID stunted what should have been an elic bull run. We will see fireworks in 2025 after the 2024 halving.

[DOH!]

Maybe we could go sub $30,000 & that’ll be the bottom. I think that COVID stunted what should have been an elic bull run. We will see fireworks in 2025 after the 2024 halving.

I might not expect a red flag below $30k, the market is still trying to give the right impulse to separate from the bear market similar to May. Until enough catalyst to trigger the next rally. Too short to the end of the year but January will be easier to run.
I very much hope to see an ATH in the new year.

[lixer]

I know that it is not really a secret that bitcoin is way too "money", it goes up and down and up and down all the time. We literally reached 64k ATH this year, same year we dropped under 30k, and again on same year reached to 68k+ and now we are under 50k, this all happened in a single year!

It hasn't been kind to the market so far, I am hoping that it will do a lot better in the near future. I know that it is not something that would be easy to recover when the price gets established this much, but I also know that when there is a big run to a higher price that ends up being fine for all of us. I know that it will not be easy and it will take some time before it could reach to a better place but I also know that it will not be that bad if we could just all get together.

So, we have a difficult path in front of us, but if we all get together then we can beat this challenge and be higher, but if we fail to get together and rise, then it will stay like this or even get worse.

[XCANA]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

[Hypnosis00]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

It pumps like being unpredictable and this dump can be nowhere to go as well. But what I think is that this correction will never drop below $40k and we end this year strong. Maybe this come to continue Q1 next year, I hope I was wrong but the trend come up slowly, a month is not enough to make it bullish again.

If were going to see history repeats itself, I wish this could be on bullish side, not bearish. As 2021 gives a very satisfying performance may we like it to happen again by next year, I wish that too.

[carlisle1]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

It pumps like being unpredictable and this dump can be nowhere to go as well. But what I think is that this correction will never drop below $40k and we end this year strong. Maybe this come to continue Q1 next year, I hope I was wrong but the trend come up slowly, a month is not enough to make it bullish again.

If were going to see history repeats itself, I wish this could be on bullish side, not bearish. As 2021 gives a very satisfying performance may we like it to happen again by next year, I wish that too.

Yes, I remember this year even the pandemic hits the entire world, Crypto managed to bring us satisfying results.

Hopefully same will be there this upcoming 2022, though we really can't accurately predict how the market will work and what are the possibilities.

All we can do on our part is to keep analyzing the market and anticipate.

Decide according to how you foreseen the incoming run, the benefits always be there if you know how to assess the market.

[Rasa nanas]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

no one knows when bitcoin will reach its lowest point, for sure now bitcoin is slowly entering a bearish phase. many people believe that in early 2022 the bitcoin price will recover and the price decline like 2018 will not happen again, but that will not change anything because market conditions are unpredictable. all we have to do now is believe in ourselves and do what we think is right.

[sirminesalot]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

no one knows when bitcoin will reach its lowest point, for sure now bitcoin is slowly entering a bearish phase. many people believe that in early 2022 the bitcoin price will recover and the price decline like 2018 will not happen again, but that will not change anything because market conditions are unpredictable. all we have to do now is believe in ourselves and do what we think is right.

Yeah prepare for the worst thing that could happen is the best way of crypto investing because anything could happen, moreover when things seems to good to be true means something is not right happening here.
This year has 2 times all time high, we suppossed to not have any high expectation for next year but anything could happen and just be ready.

[XCANA]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

no one knows when bitcoin will reach its lowest point, for sure now bitcoin is slowly entering a bearish phase. many people believe that in early 2022 the bitcoin price will recover and the price decline like 2018 will not happen again, but that will not change anything because market conditions are unpredictable. all we have to do now is believe in ourselves and do what we think is right.

Am not saying Bitcoin price will fall like that of 2018 but one thing you should remember is that first quarter of the year are mostly bearish period and that may still repeat itself again. This Year is already coming to an end and no one should expect any miracle again particularly those who expect Bitcoin price will hit $100k before this year end. $100k is very possible but this year and not even first quarter of next year.

[STT]

First quarter or first couple months is when I find the best signal often, in 2017 we had low prices but the important part was the ascending pattern was so regular right through Feb which was a clear sign not to have butter fingers holding BTC at that time despite the low sentiment.   It even sold harshly in March but yet did not negate those lows, thats a hidden buy signal when the lows refuse to decline substantially.    
   We might continue to appear negative for the whole quarter but Im not sure I will care much if its not going to do any worse then action since July.   A repeat of what we've already done is just a chance for people to pay attention, its a queue on the runway before we can take off.   All this is hypothetical, scenarios based on many other markets in parallel which must also develop most obviously DXY dollar index; but the best opportunities and signals do come on the lows, the highs ironically are frothy, inaccurate and require alot of caution.

[Shasha80]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

no one knows when bitcoin will reach its lowest point, for sure now bitcoin is slowly entering a bearish phase. many people believe that in early 2022 the bitcoin price will recover and the price decline like 2018 will not happen again, but that will not change anything because market conditions are unpredictable. all we have to do now is believe in ourselves and do what we think is right.

Yeah prepare for the worst thing that could happen is the best way of crypto investing because anything could happen, moreover when things seems to good to be true means something is not right happening here.
This year has 2 times all time high, we suppossed to not have any high expectation for next year but anything could happen and just be ready.

That is why investing in crypto has a very high risk, because we are all very difficult to predict where the market will move. Previously, many predicted
the market would be bullish at the end of this year, but the reality was not as expected. Therefore we need to plan everything well, including planning
if the worst happens, then we will be better prepared to face the current bearish trend. What you say is true, this year the Bitcoin price has gone up
too high, so it is very natural now the market is bearish. The most important thing is that we have to be patient waiting for the market to recover again,
because the market will definitely be bullish again. But we can't be sure when it will happen, but as long as we hold potential coins, nothing to worry about.

[24Kt]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

no one knows when bitcoin will reach its lowest point, for sure now bitcoin is slowly entering a bearish phase. many people believe that in early 2022 the bitcoin price will recover and the price decline like 2018 will not happen again, but that will not change anything because market conditions are unpredictable. all we have to do now is believe in ourselves and do what we think is right.

Yeah prepare for the worst thing that could happen is the best way of crypto investing because anything could happen, moreover when things seems to good to be true means something is not right happening here.
This year has 2 times all time high, we suppossed to not have any high expectation for next year but anything could happen and just be ready.

That is why investing in crypto has a very high risk, because we are all very difficult to predict where the market will move. Previously, many predicted
the market would be bullish at the end of this year, but the reality was not as expected. Therefore we need to plan everything well, including planning
if the worst happens, then we will be better prepared to face the current bearish trend. What you say is true, this year the Bitcoin price has gone up
too high, so it is very natural now the market is bearish. The most important thing is that we have to be patient waiting for the market to recover again,
because the market will definitely be bullish again. But we can't be sure when it will happen, but as long as we hold potential coins, nothing to worry about.

We still have about 10 days left before this year ends. Who knows, btc will go up at the very last minute? What I am trying to say here is that we can never really tell what's next for bitcoin because in a short period of time, we may see a different path. So anyone can speculate or predict what may possibly happen, but in actuality, it may be totally different. So wherever the market will go, one should always be ready so you are not being trap to limited options. Look at all angles and try to think of plans how to combat each scenario.

[Rasa nanas]

Bitcoin correction can go down to like below $34k before the end of first quarter of next year with the look of things though people are saying that we have already seen that least bottom which I don't believe because there is a strong tendency of seeing the least bottom as from January come next year if what in some years back will repeat itself.

no one knows when bitcoin will reach its lowest point, for sure now bitcoin is slowly entering a bearish phase. many people believe that in early 2022 the bitcoin price will recover and the price decline like 2018 will not happen again, but that will not change anything because market conditions are unpredictable. all we have to do now is believe in ourselves and do what we think is right.

Am not saying Bitcoin price will fall like that of 2018 but one thing you should remember is that first quarter of the year are mostly bearish period and that may still repeat itself again. This Year is already coming to an end and no one should expect any miracle again particularly those who expect Bitcoin price will hit $100k before this year end. $100k is very possible but this year and not even first quarter of next year.

yes what you say is quite reasonable, most likely in Q1 the price of bitcoin will enter a bearish phase because since the beginning of 2021 the price of bitcoin has been in a bullish phase. The price decline that occurred at the end of 2021 seems to be an early indication that the price of bitcoin in early 2022 will enter a bearish phase. but even so there are still many people who believe that in early 2022 the price of bitcoin will recover and will reach a new ATH.

[Pamadar]

yes what you say is quite reasonable, most likely in Q1 the price of bitcoin will enter a bearish phase because since the beginning of 2021 the price of bitcoin has been in a bullish phase. The price decline that occurred at the end of 2021 seems to be an early indication that the price of bitcoin in early 2022 will enter a bearish phase. but even so there are still many people who believe that in early 2022 the price of bitcoin will recover and will reach a new ATH.

If there's no change and progress from this current market, it's very possible that q1 will experience continuous fall.

We can't predict how accurately bitcoin or crypto in general will perform, but the hope is always alive when you invest in this business,
you can continue holding your coin till the market bounces back and brings your decent profits.

Or, play with the sway by doing day trade, all on you if how you see your potential to profits.

[poldanmig]

I think the current correction trend in bitcoin is likely to continue and it could potentially continue and move to a price level between $43K-$45K, but even so, I'm very sure that the current correction won't last long, and of course we've been through worse phases that have ever happened in the market, now there's a lot of negative sentiment going on and one of them is the emergence of a new virus variant that makes big investors panic a little so they take short-term profits from their investments so far, I also strongly believe that over time the market will surely recover over time with the disappearance of the negative sentiment.

[rahmatrf331]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

[Japinat]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

Compared to the last time bitcoin hit its ATH particularly in 2017, I would say that the correction is not over yet as it takes years before bitcoin starts to rise again. I'm not saying the price will dump now, but at least make ourselves ready for the possibility as the bull run is not gonna stay forever.

[ranaprime]

The current market has set a limit of $44K to $49K which will bring the positive movement from here. Since there is a hype in the market so that the market will gain again. In that case, i can see $44K is the last correction for this year, and  shortly we will get new bull market again.

[carlisle1]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

[Japinat]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

I'm not too convince that the bear market is over, it's just around the corner as bitcoin has not fully recovered yet, maybe if it will go back to $60k then I might believe that it's still bullish and it's going to make a new ATH next year, for now, it's still uncertain, market could go sideways at the moment.

[Slow death]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

well if we look at the people who bought when the price dropped to 42000$ and managed to sell when the price went up to 51000$ then yes, there are people who are profiting a lot from this fluctuation which is having between 42000$ to 51000$. I'm particularly trying to trade in this zone too, maybe profit something, so far the market is undecided whether it falls below $40,000 or rises above $50,000

[Pamadar]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

Compared to the last time bitcoin hit its ATH particularly in 2017, I would say that the correction is not over yet as it takes years before bitcoin starts to rise again. I'm not saying the price will dump now, but at least make ourselves ready for the possibility as the bull run is not gonna stay forever.

Better to make yourself ready so you'll not be surprised if there're more corrections to take place.

I know it's a tough but better to have an additional backup plans in order to work with this kind of sway, fear might bring
something out of you if you are not ready.

The last time things like this happened lots of us are surprise and those who did not prepared are the one who losses
a lot, while for those believers they just stored their asset and enjoy now the benefits.

[Baofeng]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

I'm not too convince that the bear market is over, it's just around the corner as bitcoin has not fully recovered yet, maybe if it will go back to $60k then I might believe that it's still bullish and it's going to make a new ATH next year, for now, it's still uncertain, market could go sideways at the moment.

I echo your sentiments, as much as we don't want a bear market, it's just around the corner. This pump to $51k doesn't look normal to me as it might just be giving us false signals about an incoming bear market next year.

So better be cautious specially going on the last week of December, I'm expecting still some spike in the price but it might be the last one that we are going to see as we might plunge into a bearish trend after that.

[jostorres]

as much as we don't want a bear market, it's just around the corner. This pump to $51k doesn't look normal to me as it might just be giving us false signals about an incoming bear market next year.

When no one could keep on holding their bitcoins forever (profit booking is highly expected event of all participants of bitcoin ecosystem), you should not hate bear market but you may plan up early on how to tackle bearish situations.

I am not seeing anything abnormal on the pumps toward $51k and I guess that is just another part of market fluctuations and not signal anything significantly about the trend of 2022.

I'm expecting still some spike in the price but it might be the last one that we are going to see as we might plunge into a bearish trend after that.

I am as well expecting another spike within next four days but that must be beginning point of what we are going to have in 2022. Yeah, we are going to have yet to see stronger bullish trend of the on-going 4 year cycle of bitcoin markets.

[carlfebz2]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

I'm not too convince that the bear market is over, it's just around the corner as bitcoin has not fully recovered yet, maybe if it will go back to $60k then I might believe that it's still bullish and it's going to make a new ATH next year, for now, it's still uncertain, market could go sideways at the moment.

I echo your sentiments, as much as we don't want a bear market, it's just around the corner. This pump to $51k doesn't look normal to me as it might just be giving us false signals about an incoming bear market next year.

So better be cautious specially going on the last week of December, I'm expecting still some spike in the price but it might be the last one that we are going to see as we might plunge into a bearish trend after that.

We dont like bear markets but we know that these conditions of the market is significantly needed for us to be able to buy cheaper coins and heck it wont be called a market if we would be only having one upward

movement which cant be possible thats why we shouldnt really let this thing to be ignored off and speaking of corrections then it could be dip as more as we do anticipate thats why you should

really always mindful about the risk because its always been there and you could do all possible methods which you could lessen out your loss and take up some opportunity to buy back.

[Devifajarina]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

[yhiaali3]

I do not think that it will go very far, Bitcoin may drop to touch the 40K$ point and I expect it to be a very strong resistance, after which it will return to rebound up strongly to complete its way to the top. The supply in the market becomes less day by day and reaches the levels of 2018, this means that the quantities traded now are limited, so we see a narrow fluctuation and the one who moves the market (the market maker) cannot now break 40,000$ or break through 53,000$, so we will witness a transverse movement of Bitcoin until it can break the point 53K$ and then we will see unprecedented peaks.

[Ngemmeng]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

[Japinat]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

We don't know exactly what would happen but we have our own prediction and we have to stick with it, if we believe that the current downtrend is juts short term or temporary, then we should be seeing the current situation a good opportunity to buy, but if we believe a bear market will stay for awhile, for sure this is not the right time to buy.

[JohnBitCo]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

We don't know exactly what would happen but we have our own prediction and we have to stick with it, if we believe that the current downtrend is juts short term or temporary, then we should be seeing the current situation a good opportunity to buy, but if we believe a bear market will stay for awhile, for sure this is not the right time to buy.

In the current circumstances, the bitcoin price should not go below 40,000$. Even if there is a massive sell off in the market, 40-42K will act as a good support. If in any case, we dumped below 40K, it will not be good for the market. Also, i hope that bitcoin will start another pump in the beginning of 2022.

[Devifajarina]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

It is very difficult to predict Bitcoin prices when market conditions like this, the condition of correction does not recover perfectly, to force Bitcoin to stop in some future, various predicted people appear, that this condition is a recovery of Bitcoin to achieve at the maximum price, but I think This year or early next year, Bitcoin will be difficult to reach at the highest price, if the condition of correction continues to occur against Bitcoin.

[mumang siat]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

[Maslate]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

Bitcoin had another dump today, it's trading below $50k again after it recovered a bit.

This is really a sign that the bull run is already over, and you might be right that correction is going to happen.
Its current price is not anymore attractive for investors as most of the investors will just be interested if they see bitcoin is pumping.
Time for waiting is here again, this might be a long bear market that we have to experience like what we experience in the past.

[Devifajarina]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.

no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.

We don't know exactly what would happen but we have our own prediction and we have to stick with it, if we believe that the current downtrend is juts short term or temporary, then we should be seeing the current situation a good opportunity to buy, but if we believe a bear market will stay for awhile, for sure this is not the right time to buy.

In the current circumstances, the bitcoin price should not go below 40,000$. Even if there is a massive sell off in the market, 40-42K will act as a good support. If in any case, we dumped below 40K, it will not be good for the market. Also, i hope that bitcoin will start another pump in the beginning of 2022.

I think no one will sell Bitcoin in market conditions like this, people will hold a part of the existing bitcoin to be utilized in pumping conditions, the purchase price for one bitcoin is not possible for people to sell at this time, if the short-term investment is Do it, in contrast to people who make long-term investments, which at the time of purchases far from the current price, but most people will hold Bitcoin at the time of the current condition, and I also hope that in 2022 Bitcoin will experience a big pemompa.

[carlisle1]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

Bitcoin had another dump today, it's trading below $50k again after it recovered a bit.

This is really a sign that the bull run is already over, and you might be right that correction is going to happen.
Its current price is not anymore attractive for investors as most of the investors will just be interested if they see bitcoin is pumping.
Time for waiting is here again, this might be a long bear market that we have to experience like what we experience in the past.

Investors who believe and support Bitcoin will continuously buy and will never be afraid of correction.

Long-term wise, this current situation might give you a good chance to position your investment and allow things to happen along the way.

We can't tell if how long this market will be bearish, but the hope that it will bounce back is always there.

Never to forget to do deeper research before you take your step. Make sure to have enough patience to hold and wait.

[jamkesmas]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

[buwaytress]

I think no one will sell Bitcoin in market conditions like this, people will hold a part of the existing bitcoin to be utilized in pumping conditions, the purchase price for one bitcoin is not possible for people to sell at this time, if the short-term investment is Do it, in contrast to people who make long-term investments, which at the time of purchases far from the current price, but most people will hold Bitcoin at the time of the current condition, and I also hope that in 2022 Bitcoin will experience a big pemompa.

I guess most people commenting like you are just part of the majority of speculators and pretend-traders and pretend-holders then. Spewing all kinds of drivel that prove you're not really even with a lot of skin in the game.

Why wouldn't anyone be selling Bitcoin at any time? People holding a part of coin is always the case, regardless of market conditions.

Purchase price for one Bitcoin too dear? $47k right now? Not possible to sell when 2 months ago it was 66k and people were lapping it up?

[Devifajarina]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

I am sure there will be an increase in Bitcoin in 2022, but not so big as the expectations of many people, the pandemic has affected some crypto, even though it is not so much influence, I see this year Bitcoin will experience a not so much increase, the previous year will be a reference in the year This, at least Bitcoin will experience a small increase after correction occurs, and hopefully this year the market is getting better.

[Dhaniii]

investors are worried when the bitcoin price goes down but see the price go up again, everyone thinks the market will correct there is always volatility in the crypto market so there is nothing to do but wait patiently. Bitcoin price above 45k looks like it could be above 50k in the near future.

[STT]

My really quick target is just the September lows, if you are of a more negative persuasion then perhaps look at July lows.  However the main condition is to go especially lower we must also fail in an attempts to go higher, the whipsaw cuts most harshly which for a trade is what we are trying to guess on.  So for example the new ATH was a price point not held or maintained, it was negative in conclusion.   Price action always will cycle back and forth such is the nature of waves, to get a clue on lower or the grand low price we can see the opposing positive action and highs failing to stick.     Right now its quiet, thats not enough I think we can still rise from here and its still not that threatening to bulls for now.
  Range bound, no definition yet certain is my conclusion to speculative trading.  Sounds boring but sometimes its best not to test the ice if you dont yet know, long term I see few negatives reflected especially.

[mumang siat]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

Can't predict what price bitcoin will be at, bitcoin's current condition is not on the line, that means there will be a further correction going forward, many people predict bitcoin in the previous month at a price of 1 billion, but in fact bitcoin corrected, then it is at a price far from people's predictions, I think for this year bitcoin is difficult to predict, let alone mention at what price, because the market is not good for now.

Bitcoin had another dump today, it's trading below $50k again after it recovered a bit.

This is really a sign that the bull run is already over, and you might be right that correction is going to happen.
Its current price is not anymore attractive for investors as most of the investors will just be interested if they see bitcoin is pumping.
Time for waiting is here again, this might be a long bear market that we have to experience like what we experience in the past.

It also increasingly makes Bitcoin corrected, investors are not interested in trading, so there is no balance between sales and purchases, so that Bitcoin is increasingly unbalanced in the market, especially this condition there is no total guarantee of recovery that occurs during corrections, so that investors Divert trade in other coins, but I am sure in March or April Bitcoin will return on the right track, if the correction can recover the total in February.

[bitterguy28]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

Let us take off the pandemic towards Crypto market because this is really not related, imagine for 2 years now Covid19 is in progress, but the market keeps pumping so what does covid got to do with it?

Leave it alone , the market is dumping because of lack of investment and support now.

[Rasa nanas]

I think this year's price correction is over. bitcoin in price status holds until waiting for strong support for the start of the new year. The bear market is heating up and is filling up the strong material to be able to break through the new ATH in 2022.

What we are witnessing is another bounce, Bitcoin is moving giving those last week takers a very decent profits.

We can't conclude or there's no solid proof that this market momentum is now for good, and the bearish run is already finished, at any moment

in time this market can start back and experienced corrections.  Best to make a good use of the situation if you have spare money to play.

I think the price of bitcoin in 2022 will increase with the disappearance of the pandemic the enthusiasm of the crypto market must experience a positive trend.

So what does the pandemic that will end soon have to do with the increase in the price of bitcoin in 2022?
even in 2021 the price of bitcoin reached its highest price twice a year even though in 2021 the pandemic is not over yet. I mean the current pandemic doesn't have a big impact on the crypto market and it's proven that in 2021 even though the pandemic is not over yet people's enthusiasm for crypto remains high.

[mumang siat]

So what does the pandemic that will end soon have to do with the increase in the price of bitcoin in 2022?
even in 2021 the price of bitcoin reached its highest price twice a year even though in 2021 the pandemic is not over yet. I mean the current pandemic doesn't have a big impact on the crypto market and it's proven that in 2021 even though the pandemic is not over yet people's enthusiasm for crypto remains high.
[/quote]
Yes it's true, I agree with your view, in 2021 the pandemic is even worse, but bitcoin reached its new ATH almost 3 times, this means that there is no big relationship between the pandemic and the increase in the price of bitcoin, there is no clear source saying that the pandemic can affect bitcoin, at least 2021 will be a reference in analyzing the state of bitcoin at that time, today the enthusiasm of people in the crypto world is getting bigger and bigger.

[Epaper]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move.

[Maslate]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move.

We have a good start of this month (February), however, it's only a minor bounce, let's see if that will continue and bitcoin will eventually be trading at $40k and over again. It's been bearish this month so far, our expectation of $100k seems not going to happen soon, it has to flip the current situation in order for us to see a new ATH again.

[Epaper]

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move.

We have a good start of this month (February), however, it's only a minor bounce, let's see if that will continue and bitcoin will eventually be trading at $40k and over again. It's been bearish this month so far, our expectation of $100k seems not going to happen soon, it has to flip the current situation in order for us to see a new ATH again.

At the beginning of February this bitcoin price began to climb. bitcoin price has gone up 10% and is trading again at $41k price level. It looks like the bear market is over and we have entered the bull market again. Well, if the current bull run continues we will most likely see another new ATH this year.

[Renampun]

At the beginning of February this bitcoin price began to climb. bitcoin price has gone up 10% and is trading again at $41k price level. It looks like the bear market is over and we have entered the bull market again. Well, if the current bull run continues we will most likely see another new ATH this year.

Bitcoin won't cross $30k. btw, we are not completely in a bull market, currently the market is sideway...

this year we will definitely see a new bitcoin ATH again, apart from the rumors that I heard, there will be some countries that make bitcoin a legal tender in their country, this is another great year, Bitcoin will definitely make a new history again this year.

[EdenHazard]

At the beginning of February this bitcoin price began to climb. bitcoin price has gone up 10% and is trading again at $41k price level. It looks like the bear market is over and we have entered the bull market again. Well, if the current bull run continues we will most likely see another new ATH this year.

Bitcoin won't cross $30k. btw, we are not completely in a bull market, currently the market is sideway...

this year we will definitely see a new bitcoin ATH again, apart from the rumors that I heard, there will be some countries that make bitcoin a legal tender in their country, this is another great year, Bitcoin will definitely make a new history again this year.

Yupp , we  are not back in the bullish way yet , a small pump could be a trap for a deeper and deeper correction , it's good indeed to see the price spike from 33k to 41k now but it's still doesnt guarantee us for bitcoin to stay above 30k or so , i would say ... the next drop might cost us more than just 30%! 45k up and then dropped down to below 29k , anticipate that or you might get lost.

For now let's wait and see especially if you bought some at 35k or so , nice ride still.