Quote from: Japinat on Today at 11:47:19 AM

Quote from: Woodie on Today at 11:22:54 AM

The fact that we have broken the $60k price barrier if we are looking for the extent the current correction can go it has to be this price of $60k which could be an area which will be retested before continuing the uptrend and provided we don't have any negative tweets from influencers or news that will hurt market price...I really don't expect this to go below $55k in any worse case scenario. AFAIK markets are still bullish..

The market is still bullish but we cannot say it will never go down below $55k this year. You might have forgotten what happen this year when bitcoin hits an ATH of $64k but it fall down due to correction and bitcoin hit the rock bottom this year at a price of $29k. So what I'm saying is, nothing is certain since the crypto market is really unpredictable, anything could happen.

the bear market is in a defensive position and how long it can survive for now cannot be predicted with accuracy. for now you can be indifferent whether bitcoin will be corrected again or there will be bullrish again, so you still have to be vigilant at this time.