Quote from: moneystery on May 29, 2024, 02:01:03 AM

Quote from: GigaBit on May 26, 2024, 04:20:12 PM

After a bullish trend the Bitcoin price may turn slightly downwards which we call a price correction. But that correction must be within a range. If it goes down further from the current bitcoin price I would expect it to go down to 50K but if someone expects more than that I would disagree. Because the market is not yet completely bullish. As we expect to be bullish at this point there is no chance of going that dip at that point. If one waits to buy then one must buy bitcoins between 60k and 70k. This is definitely not the time for those envisioning a major dip. When it comes to Bitcoin price speculation, there is no point in speculating what you want but we should not do any speculation that is not realistic.

if bitcoin corrects to 50k it is a pretty deep correction and only truly shocking news could possibly make this come true. because in my estimation, the normal correction that might occur will only reduce bitcoin to 60k-57k and that is already quite severe, further corrections will probably have a very significant impact not only on the bitcoin market but also the crypto market as a whole.

50k wont really be that too deep on which i would really be considering dip if the price would really be hitting rock bottom at 38k but well this is something that cant be possibly happen but since we arent still there yet with that significant deep correction on which lots of people been anticipating for it to happen then there's no way that we could really be able to neglect that it could potentially happen basing up on what the history that happened in the past on which we cant really be able to blame out someone on why they are really that expecting something like this. Although it would really be better to have those kind of corrections for us to have that last accumulation before this market would really be shooting up into the moon. So far there are no sentiments that could really be affecting out the current price movement.

Always anticipate that there would might be some sudden fundamentals on which it could really be causing up that potential movement that we do have in the market.
This is why it would really be always wise that you should really know on what you should really be doing on times like these.