Ninjastic
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Re: Bitcoin correction?
by
aeternus
on 16/03/2018, 02:32:03 UTC
Quote from: Hannahanto on March 15, 2018, 06:55:16 PM
Quote from: putrii on March 15, 2018, 02:58:49 PM
Quote from: jaklis43 on March 10, 2018, 10:32:41 PM
Hey bitcointalk, i want to ask proffesional players in cryptocurrency world opinion about bitcoin correction, is it going at least to 4k$?

bitcoin prices would not be possible for a correction below the $ 5k price because the suport buy bitcoin is very much at the price of $ 6-7k and it would be difficult to make the bitcoin price collapse up to that price.


Bitcoin correction takes place every year. The correction end up with a big hike. Hope this correction ends up very soon.  Recent sells of bitcoin from an exchange has caused this fall.  We could have this correction ending next week. Hope see a good spike in upcoming days. 
While there are always corrections right now the market is not showing the capacity to recover in the short term, bitcoin is barely above 8000 dollars and I see a little bit of green in the market right now but it's not much, I will like for a recovery to start already but it seems every day there is a news about the government trying to regulate bitcoin or saying something negative about it and people are very susceptible now to these kind of comments and as a consequence the price is unable to recover.