When is next significant correction coming?

[yudi09]

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of being the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

The market in the last month has been quite encouraging for those who choose holders, not for those who trade. Expect a price drop in the near future to be able to get more Bitcoin at a lower purchase price like the price before now, it will be very difficult to get it again, although a drop amidst the increase is unpredictable.
In my opinion, to get more Bitcoin with high buying volume for the current price it is appropriate to do DCA before the new ATH.
If the situation is like this, those with small capital are already in a wrong position.

[MinoRaiola]

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of being the dip it ain't looking good.

Hello and welcome. You have been around since December 2023 and there were also good prices for bitcoin. Now they are of course higher and look nicer, but they will probably look even better in the future, so now would also be a good entry. If you have a lot of time and a few years pass, then you could be even happier, but that is also speculation. None of us can see the future, we have already seen a lot, but bitcoin is here to stay and will get stronger, you are currently here, and you will see it, very good decision and I wish you all the best. Buy bitcoin, sell fiat.

[Alana Arden]

No one can say when the bitcoin correction will come, and it is impossible to predict. Because Bitcoin is a volatile currency, no one can accurately predict its price due to its high volatility. We can only make a guess based on the past trend and current state of Bitcoin.
    So I think if you have enough money that you are ready to lose, then it is better to invest in Bitcoin now rather than wait for the price to drop. Because the bull run has already started, expect the Bitcoin price to surpass the last ATH. Next month is Bitcoin halving time. So we have to patiently wait for the next time to get a good profit by investing.

[Yatsan]

No one can be certain of it but if it is just a guess and assumption then I guess it is during halving or the event itself being anticipated. Why? Investors will need to re-accummulate their holdings and that would be the perfect time I guess given that many small investors are expected to be buying at tht point due to FOMO. Again, this is just how I percieve the market and I really consider what happened from the previous Bitcoin halving even if it never displayed certainty and parallel alignment eversince but there's no other things we may consider due to natural inconsistencies. If I were to base or consider previous halving, bullrun occured months or almost a year after the halving. The idea as well that there's no consistent price increase happened, take note of 'consistent', in its market value simply because volatility will be always there including market manipulation by whale investors.

The only thing we could be a bit sure with is that price correction will take place anytime given how long the pump have took place already and the event we are all anticipating hasn't occured yet, and it makes a safe assumption that things are way too early for a 'true' (what we saw before) bullrun to happen even if there are signs already. What's a must is to be careful and to be on watch of your holdings so that if ever a crush will take place, you wouldn't be left with nothing but loss, set a stoploss if it is applicable with your investment plan. We are all guessing anyway and the only thing which is common is being preventive of loss.

[kentrolla]

It's getting too unpredictable as the day passes by and I was assuming that we may see corrections before halving somewhere in March and April but if we look at how the Bitcoin has been performing I am doubtful now whether we will see any correction at this moment. I think we cannot predict anything when market is rallying hence it would be better to just stay up to date with the market and no one can predict a thing now hence let's not buy anyone's news or prediction.

[Mame89]

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of being the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

The market in the last month has been quite encouraging for those who choose holders, not for those who trade. Expect a price drop in the near future to be able to get more Bitcoin at a lower purchase price like the price before now, it will be very difficult to get it again, although a drop amidst the increase is unpredictable.
In my opinion, to get more Bitcoin with high buying volume for the current price it is appropriate to do DCA before the new ATH.
If the situation is like this, those with small capital are already in a wrong position.

Yes that's right. In the midst of market prices like this, plus we are approaching the halving period, the American election and apart from that, because the ETF may be waiting for the BTC price to correct, it is not the right thing because the right choice at this time is to continue doing DCA because we have not yet reached the new ATH so there is an opportunity to enter cheap prices are still available.

Additionally to me, bitcoin has become a hedge tool for whales as the value of fiat declines due to inflation. Whales continue to accumulate, especially after the halving, the flow of BTC supply is getting smaller due to reduced miner rewards. Btc will continue to rise in the long term with a correction of at least 5% to 10%, this will also be immediately bought back by whales. Blacrock himself suggests 28% of funds be put into BTC. So BTC will continue to rise to the moon. Let's play the game.

[bitterguy28]

honestly it’s hard to predict because of bitcoin’s volatile nature and its price changes a lot really quickly as well

if you want to acquire more btc i say that you should…. just buy whenever you think it is low enough you might keep missing the dip if you keep thinking that it might still go down so i say just buy it when you can afford it

[Dimitri94]

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of being the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

No one can really have any idea about the market condition. When  it will be bullish or bearish but we can predict that after a big bull run there is a retracement. Bitcoin has been growing for the past few days in a way that sounds good to many but worrying to some. But for those who were still waiting to buy from the Bitcoin dip, the big dip may not be possible now. Because the market just recovered its price from the dip. Even if we see a correction, chances below 50k is really very low. But this is just speculation as anything can happen at any time.

[RaraAvis]

Hello everyone! Thank you so much for your replies! It pains me to buy it so expensive when I bought it first £20K cheaper than it is now! But I guess I am gonna have to! I mean £20K in a little bit over  a month - I could not have foreseen this!  

[Franctoshi]

Hi all!

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of being the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

Thank you and have a good day

Bitcoin just hit the price of $67k which is very close to the previous ATH of 69k. However, I do expect this price run to the upside to continue until we smash the previous ATH level, and from there likely that Bitcoin will go way further to reach $80k per coin before we would get a major correction back to test $69k and to confirm that particular breakout and now turn it into that level into support which is currently acting as resistance zone.

[GeorgeJohn]

Hi all!

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of buying the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

Thank you and have a good day

at this moment you will come equally buy a Bitcoin because as soon as the price is increasing in the market you will be making more profit when you purchase now and it will happen to increase the only place you will experience disadvantages in the market of cryptocurrency especially Bitcoin is when you purchase and the price decreases that is when you have a downfall in cryptocurrency but when you purchase the market continuing to increase you are at advantages side because it will yield a more profit for you.

[Yaunfitda]

Hi all!

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of buying the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

Thank you and have a good day

Who cares though when will be the next correction? It's just like asking what will be the top price for this bull run? Just enjoy what you are seeing in the market right now. If this is your first time then good for you. And this is the classic dilemma for investors and that's why we said that it's better to do DCA and not waiting for the dip to buy. You can average in a DCA and even today you can still invest as we are far from the biggest bull run that we will see in Bitcoin's history. There are members here who are good in technical analysis but I don't think that anyone here could be experts and predict where will be the next dip and how big will be the fall, or when is the last leg down before we go to the parabolic rise. "Just invest what you can afford to lose".

[GeorgeJohn]

Well cryptocurrency markets are pretty wild and nailing down when Bitcoin will correct itself is like trying to catch lightning in a bottle. Instead of stressing about perfect timing, think about spreading your investments around. Diversifying helps you ride out the ups and downs, making your portfolio more robust. It's like having a financial safety net when the crypto rollercoaster takes unexpected turns

actually diversification of our portfolio it is good in cryptocurrency but the problem is that you have to make a proper research concerning those coins that you choose to be in your portfolio because it is obvious that you can invest in a coin that does not have a potential and by the end you lose both your capitals and no profit, so it is obvious that you have to understand the rudiment of investment in cryptocurrency before you invest that is why so many people who are investor keep on investing on a reputable coins that is valuable

[sokani]

We all seen what Bitcoin was doing for the past month and most of us would like to get some more Bitcoin. I was waiting for a good moment to do that for about 3 weeks and in terms of buying the dip it ain't looking good.

It was consolidating for so long now! Please share your thoughts on to when another correction may be expected?

No one knows when a price correction is going take place and waiting for one right now is not smart because it may never happen. So If I were you, I'd be buying and filling my bags at every slightest opportunity I get instead of waiting for a deep.

The election in America will take place on February 10, 2024. That's just 6 days away.  Trump vs Biden, both are in favor of Bitcoin at the moment. But it seems Biden is better because I read they regulate Bitcoin and give room with some settings to grow.

A little correction, the American presidential election is slated to take place on the 5th of november 2024. Also, Bitcoin cannot be regulated by any entity, it's the crypto exchanges where it's been traded that are under regulations.

[Stalker22]

I was waiting for a good moment to do that for about 3 weeks and in terms of buying the dip it ain't looking good.

Just for the past 3 weeks? Some of us have been waiting for the past year or so. Without much success.
Im starting to think dip wont even come to the party anymore.

The election in America will take place on February 10, 2024. That's just 6 days away. 

That is not true. You are misinformed.

[OgNasty]

With Blackrock filing to buy more BTC for other funds it runs and Microstrategy raising $600,000,000 to buy more BTC, the only way this market comes down anytime soon is if mtgox distributes their BTC. Even then, there’s so much buying pressure right now, it would probably only dip for a week or two. For now at least, it’s up only.

[Zaguru12]

It's getting too unpredictable as the day passes by and I was assuming that we may see corrections before halving somewhere in March and April but if we look at how the Bitcoin has been performing I am doubtful now whether we will see any correction at this moment. I think we cannot predict anything when market is rallying hence it would be better to just stay up to date with the market and no one can predict a thing now hence let's not buy anyone's news or prediction.

No matter the current surge of bitcoin up ward I would be a correction and that correction would come after we hit a new All Time High. The reason is at this price there are going to be investors that would certainly be taking profits this will cause a little dump and as this happens fear will grip in and some short time holders will pull out too. Although I don’t expect a heavy fall but we will see a correction and then moon after halving

[Marvelman]

If you ask me, I reckon we'll probably see prices wiggle around a bit when the next halving happens.  Maybe a little bump up at first as folks get excited.  Then kinda settling back down after everyone calms down. At least, that's my guess - tough to ever be sure with bitcoin!

[liuka]

No matter the current surge of bitcoin up ward I would be a correction and that correction would come after we hit a new All Time High. The reason is at this price there are going to be investors that would certainly be taking profits this will cause a little dump and as this happens fear will grip in and some short time holders will pull out too. Although I don’t expect a heavy fall but we will see a correction and then moon after halving

Yes, although we speculate that the price of bitcoin will experience a correction when the new ath price is reached, I don't think it will last long because we are approaching the halving, which may result in a stronger reversal to rise again. It's quite accurate because I saw large sell orders at $69k and $70k, but if that doesn't go through, the price could drop to $55k. But that's just my analysis because currently the market situation is quite good with really strong buying support.

Of course, making entries in several places that we think will be picked up well will be really good to wait for. People are hoping for a decline when the price is rising but I won't hold it against them because I still hope the price of bitcoin continues to rise and reaches $100k before the halving.

[GreatArkansas]

If you ask me, I reckon we'll probably see prices wiggle around a bit when the next halving happens.  Maybe a little bump up at first as folks get excited.  Then kinda settling back down after everyone calms down. At least, that's my guess - tough to ever be sure with bitcoin!

New all-time high first before some corrections.
As you can see we are already in the top, only 1 digit percent left. And just in case we will pullback, I believe we already have our strong support, and I believe it will go sideways only ranging from $60,000+.