Bitcoin slides below $59k

[Rhema_Artz]

Wasnt expecting the price to fell any below $60k dols though... But, since it rises with the same tension an pressure it does decrease... There's hope probably the ATH before this Year ends would be Celebrated at $100k+

[serjent05]

if bitcoin keeps having these type of "corrections" i don't see how it ever is going to reach $1 million. or even $100,000.

Do not forget that in every correction Bitcoin always positions itself to another rally despite the possibility of going a bit lower.  This is the beauty of a highly volatile market and high speculative investment especially when it has high liquidity.

The high volatility of Bitcoin gives windows for reaccumulation and at the same time taking profit.  This cycle keeps the hype of the market stronger and give holders a sense of trust on the ability of the market to rebound.

That said this type of correction gives new and old investors to put more funds into the market giving the market more solid liquidity and making the market gain more trust and eventually create a speculative of possible higher ATH speculation.

[hyudien]

Wasnt expecting the price to fell any below $60k dols though... But, since it rises with the same tension an pressure it does decrease... There's hope probably the ATH before this Year ends would be Celebrated at $100k+

I am sure that $100K will be achieved but it does not mean that it will happen in a short time. Correction is a common thing and good for our growth in collecting more Sats. We need correction to show that bitcoin is running in a healthy market. If you are an investor who is ready to profit, then you must also be ready for the correction and that is the point where you are given time to breathe more deeply.

$100K is not impossible for bitcoin to achieve, even $1 million can be realized if we have a long life, as long as electricity and the Internet still exist.

[Peanutswar]

Until now the market goes with the sideways it makes having a play around the 55k to 61k and still now the Bitcoin doesn't beat the last price which is 70k and people keep wanting this happen so they can buy more and it's seems like a sign that the Bitcoin has a potential to rose up more this year. If I've seen this price possible people get hype with the market and get FOMO to buy more so possible we beat the 80k immediately. Again it's the current ATH last time with the 60k so expect more to come.

[WatChe]

I am sure that $100K will be achieved but it does not mean that it will happen in a short time. Correction is a common thing and good for our growth in collecting more Sats. We need correction to show that bitcoin is running in a healthy market. If you are an investor who is ready to profit, then you must also be ready for the correction and that is the point where you are given time to breathe more deeply.

$100K is not impossible for bitcoin to achieve, even $1 million can be realized if we have a long life, as long as electricity and the Internet still exist.

This correction was very much expected since Bitcoin has spend lots of time in 60 to 70k range. But this is not the first time (in last 6 months) that Bitcoin has gone down below 60k, we have seen previous dips below 60k and saw Bitcoin recovering very quickly. Those who have extra cash must think of investing in Bitcoin at current dip. Price of Bitcoin has gone down but it will very soon be back over 60k. DYOR