Quote from: blckhawk on Today at 09:43:06 AM

Quote from: jemimah_f3 on November 17, 2020, 01:03:04 PM

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.

Definitely will have, if Bitcoins goes up then there would be a down as well however, the thing is we don't know when. Correction is imminent, it always comes after the big rally, and of course, don't exactly know when it will occur. It seems the rally toward ATH wasn't like we had before in 2017 the price increase was phenomenal, unlike today's rally it is kinda mature indeed so the retracement wouldn't be that fatal as we had encountered way back in 2018.

There are always few minor corrections when bitcoin on the rally like this, we've seen some after bitcoin break resistances at $17k-$18k.
a bigger retraction probably 10-20% after bitcoin break the ath at $20k+ but not the massive one like 35%-50%.
Many predictions said bitcoin still in the early phase of bull-run, not even start to pump rapidly like in 2017, it may on that phase in 2021 to reach $30k-$50k.