How far can bitcoin price correction go?

[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.