Quote from: Sweetbtc on October 22, 2017, 05:31:22 PM

Quote from: Idrisu on October 18, 2017, 06:33:38 AM

I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.

Yes you are correct, once the bitcoin value rose up to its peak then in few moment there will be a correction that gonna happen because some gets their profit and may come back to its range value again.
But we are really hoping for the that $7000 per bitcoin value this coming year end.

Quite often price correction takes place with bitcoin. Here, one thing we need to take into consideration that till now the correction happens with gradual growth. Now the scenario is same with similar form of growth, but the upcoming price pumping is based on an event. So we can't have a assured price correction as that we experience.