Re: How far can bitcoin price correction go?

We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?

It is difficult to predict with certainty the price of bitcoin, but many people believe the correction will recover in the near future, the correction that occurs to bitcoin is actually not that big this month, so there is nothing to worry about excessively, the occurrence of corrections is something that often happens in the market, it is a sign that the coin has stability compared to other coins.

Bitcoin still showing good bounce back, that small corrections few days ago are slowly being recovered and now it's moving again
to reach the last time high, playing between $60K-$62K not bad after falling to below $60K.

With the current market it shows that bull dominated back the bear after that attempt, good for every traders especially for those who are shorting the market.

That small span back already provides them profits, small but assured gains.

If it is possible in the long term it will be even more profitable, but conditions like this are usually only investors who have the power to invest, while we are only able to collect bitcoins in small amounts, and even then it is not worth the profit we will get, the correction to bitcoin is actually not too dangerous, compared to the correction that occurred in altcoins, but unfortunately we can not take advantage of the condition of bitcoin to make investments.

Not too dangerous for those who do held of for long term but for those who do love to play with volatile price then this is where things do become different.

Correction could go into some certain extent and speaking with correction we could really have that crash thing on the market too which some people do see it as the end of the world

but for some its already an opportunity for them to buy cheaper coins.It is on someones own perception on how things should be done according to the situation.

If holding on for the long term is actually something that can guarantee a large profit compared to the short term, but this must also be based on the initial purchase price, if the purchase is at the highest price, then a long time will determine how many years you have to wait, the opportunity to buy At low prices, you must pay attention, if you want to make long-term investment patterns, if you play at fluctuating prices, this will be dangerous in my view.

There's no guarantee when it comes to profit with crypto investment even you do say you do stick out with bitcoin.This isnt something you could compare because even traditional investment doesnt really talk about being risk free.There's always an accompanied risk on any decisions you do make.
Corrections could go as far on those levels which we didnt really anticipate for it to haopen.Thing here is you do know on how to buyback
when it cheap and sell when it do pump.

All actions that we take must have a level of risk, but I mean that risk must be minimized as little as possible, although sometimes we neglect to prepare it, indeed we basically buy when the coin is cheap and then sell it when the price goes up, but if these two things can't we separate and continue to be forced, then the investment will only look as usual and the possibility of ruji will also be large.