How far can bitcoin price correction go?

[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.