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.

Price corrections will always happen even if the market does not show any hints but as long as the market stays volatile, there will always be price corrections that will create price changes in the market. With bitcoin, price correction is far way better because it can make the price even reach another high price after that. But for some not reliable crypto coins, price corrections will always pull them back. As long as bitcoin continues to be bullish, even how often price correction appears, it will always recover and moves up again.

Does not show any hints and this is where we could directly say that it do happens all the time.We dont know on when it would splunge and make out some huge correction in percentage manner thats why some people do really make out securing of their profits while the price is still high or they are still on gains because they are fully aware that it could really happen unexpectedly.You would really see lots of people had already been
anticipating that it could happen from time to time and the possible dip price cant really be known.It could go as far as we dont anticipate and that what gives us some anxiety and hesitance.