Post
Topic
Board Speculation
Re: How far can bitcoin price correction go?
by
poldanmig
on 19/10/2021, 14:42:57 UTC
After seeing that the price correction caused the price to go down to even $42k, I was afraid of the probability that it would go down even below $40k in a short time. It would be the start of another boring period for us and maybe we wouldn't see the bull market for a longer time. But I'm thankful to see the price climbing again. It climbed over $48k but the correction phase still maintains. It is $47k now. I hope to see the price recovering over $50k again before the end of the month.
I think Bitcoin has been on the rise again since early October and has the potential to increase quite significantly over the next few weeks. The price of bitcoin has now returned to the level of $62k. Therefore, I think by the end of this month, BTC will most likely hit $65k and potentially enter the $70k to $75k region in late October or early November.

The positive sentiment that comes from the global economy has also contributed to the continued soaring price of bitcoin in the current market, and if the SEC officially approves the Bitcoin ETF with Bitcoin futures as the underlying asset, of course this will be a positive signal that will again strengthen the price of Bitcoin, so it is not impossible that the price of bitcoin will could reach $75K by November, we hope that now if there is no more FUD coming, so that then we will see the bull run really fast.