Post
Topic
Board Speculation
Re: How far can bitcoin price correction go?
by
Japinat
on 29/12/2021, 05:27:23 UTC
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?
Market conditions will continue like this, but I think Bitcoin will get better, even though the price of Bitcoin cannot be repaired like the expectations of many people, the correction from the last month is still in bed, Bitcoin is not on a good trend now, this condition makes many people The more panicked, even though this condition like this was more severe in the past year, staying patient waiting for maximum recovery time, don't panic and remove good opportunities next year.
no one knows for sure in early 2022 bitcoin will enter a bullish phase again or a bearish phase, some people say the recent price decline is a sign that bitcoin will soon enter a bearish phase and some people say this price drop is only temporary and the price will recover soon. I personally also can't predict where the price of bitcoin will move after this, and to anticipate things that are not desirable I convert some of my assets to USDT.
We don't know exactly what would happen but we have our own prediction and we have to stick with it, if we believe that the current downtrend is juts short term or temporary, then we should be seeing the current situation a good opportunity to buy, but if we believe a bear market will stay for awhile, for sure this is not the right time to buy.