Quote from: pawanjain on Today at 05:19:14 PM

Quote from: larry_vw_1955 on August 04, 2024, 11:59:45 PM

The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week.

https://news.bitcoin.com/market-mayhem-bitcoin-crashes-below-59k-223m-in-liquidations-as-south-koreas-premium-spikes/

if bitcoin keeps having these type of "corrections" i don't see how it ever is going to reach $1 million. or even $100,000.

Bitcoin has been having such corrections since inception and so it will reach $1million the same way it reached $72000.
It's quite normal for any asset to have dips/corrections and bitcoin being more volatile is prone to having such dips.

There’s no problem with dips and corrections as they occur normally in a highly volatile market as well as bitcoin, the important thing is there’s always a price hike after that. That means that regardless of the time, bitcoin will still be able to achieve $1 million throughout the process, we just cannot tell when it’s going to happen.