Quote from: Duzter on September 11, 2022, 11:33:51 PM

Quote from: Kasabus on September 11, 2022, 11:30:22 PM

Quote from: ethereumhunter on September 07, 2022, 06:27:19 AM

Bitcoin is finally back to $18k and still, the red candle appears on the market. I am wondering if this price will go down for more or if it is just a correction in the $18k level because there is a sign to go down and stay at the current price. We can only prepare for anything, especially if we have money because we can buy back bitcoin at a lower price and do not need to panic if the price still goes down. Maybe at this price, people are not ready to see the price is down but that is what happen to the market now.

This is not surprising as bitcoin price will never keep moving up or down, it will always create price fluctuations or price correction from time to time. And the best thing to do is to always be prepared whatever the price so you will never miss another golden opportunity to buy and hold. Always observe the market first and never rush into selling at a loss. That way, you will never end up regretting.

Whenever certain price barrier is reached the market undergoes some corrections. Now the price have made a good jump in the unexpected time period. This have kept the market of bitcoin above $21k. For some time period this will not fall down to $20k creating support level. Further depending on the news around the market we'll experience the bump or dump in the market.

I did see the price going down to at least $19,700 again, so another correction, but I don't think that we will go down deeper than that. We still have the important support of $20k that is so far a good price right now.

But it might be difficult to held $21k, unless we will see another those runs in the first week of the month or prior to the CPI this Sept 13 wherein we went as high as $22,400++. So let's look at the round numbers of $20k as the biggest support for now.