Post
Topic
Board Speculation
Re: Bitcoin price correction -10k-
by
timerland
on 06/12/2017, 08:49:56 UTC
Hi, after the fast pushing of bitcoin price last days ( which bringa it to >11k $ ) an analysis reports that a pullback correction is still possible with 10k$
To read the full report : https://www.coindesk.com/adrenaline-rush-over-bitcoin-eyes-12000-but-correction-possible/

Correction is definitely going to happen, no doubt about it. Every single pump has been scattered along with pullbacks and corrections, and nothing ever goes up without any corrections.

It just doesn't happen like that in the history of investing. The thing that matters is the extent of the correction/pullback, in my opinion. Is it going to go back to a pre-$10k era or is it going to experience a correction but stay on top of the $10k level?

Personally, the correction is only going to be a short term obstacle in the long term bullishness of bitcoin. Take advantage of the correction by buying into btc.