Quote from: newdevices on December 27, 2020, 10:51:07 PM

Quote from: jrrsparkles on December 27, 2020, 07:58:56 AM

Quote from: Wysi on December 24, 2020, 08:59:19 PM

Every year Bitcoin has not performed at its level best during Christmas and New year, but will it be different this year or else the trend will continue ? We are yet to witness any correction so far and if Bitcoin stays strong this weekend then Bitcoin will easily cross $25000 mark and if we witness any correction then it will be chaos.

What's your opinion on this?

There is no stoppage in the growth of bitcoin since we already completed the Christmas so now it the time for new year celebration mode. The rally is innthe reach of 28K at the moment...

Bitcoin is experiencing a correction, whether it's a healthy correction or a bubble is coming,
because bitcoin is down $ 2000 for just a few hours, this trend is indeed an uptrend,
but if a bubble comes then high volatility will make the market neutral and bearish might come again.

I believed the correction will not last long it is normal for Price Action to play in a bullish or bearish run infact with reference to BTC/USD daily timeframe yesterday candle closed was like a pin bar which is more like a reversal pattern, whatever the case there is a support at $24K which was formerly a resistance turned support where the price might reverse perhaps if it reaches that zones unless it reverses back to the bullish sentiment before reaching that zone.