LOOKING AT THE BITCOIN CHART , THERE HAS BEEN LITTLE PRICE MOVEMENT AS IT RANGES FROM 47K TO 51K REGION. THIS MEANS IT HAS REFUSED TO DIP LOWER AS MANY ANALYST HAS SAID. THE WHALES AND INSTITUTIONAL INVESTORS ARE REALLY EAGER TO BUY CHEAPER WHICH IS WHY THE MARKET SEEMS TO BE IN THIS PHASE OF CORRECTION. I FEEL IF PRICE REFUSE TO DIP LOWER, THEY MIGHT BE FORCED TO BUY NOW AND THEN WE MOVE TO A NEW ATH.
WHATS YOUR TAKE ON THIS THOUGH GUYS?
You need to change this to lower case, your post is good, but the upper case you used will not let people to respond.
In my opinion, if bitcoin price do not move beyond $50000 for long, there could be more correction later. But let us wish that institutions will try to make sure the price still increase back above $60000.
thank you for the advise. bitcoin has struggled to bounce above the 51000 region and it signaling uptrend. lets hope the trend will remain bullish as its happening now and we go above 60000 and break previous ATH.