How far can bitcoin price correction go?

[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.

[1715193811]

1715193811

[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.