Just last week I didn’t think we’d see Bitcoin drop below $95K again this year. Honestly, I figured it wouldn’t touch the 90K-99K range until mid-2024 given the recent market trends. But hey, it’s Bitcoin… anything can happen. Now we’re stuck between $94K and $97K, trying to reclaim that $100K level.
Is Bitcoin's Correction Finished or Just Beginning?
19 replies 383 views
I don’t think the correction is over yet. I’m betting it could last through the end of the week or even into early next year. The only thing that could cause such a drop is some bad news, especially regarding the BSR policy. Closing below $100K this week doesn’t set a good tone.
Honestly, only a handful of investors thought Bitcoin would fall this far. Many got caught up in the hype of rising prices. But seasoned investors kinda expected this drop since it’s how Bitcoin usually operates. I was ready for this, especially with the activity from dormant wallets signaling profit-taking.
I feel the correction might wrap up soon, but my gut says Bitcoin will stay in the $92K to $100K range for a while. I doubt we’ll hit a new ATH this year. I get it’s speculation, but I’m somewhat confident in this prediction.
kevin_atlasFull Member
Posts: 178 · Reputation: 589
#5Sep 25, 2019, 08:06 AM
Not done yet, for sure. It needs to hit the 50-day average and build from there. What we’ve seen so far looks more like a small blip than a real turnaround. We’re at peak prices from November, and it needs to hit those levels to establish solid support.
alpha_minerFull Member
Posts: 65 · Reputation: 752
#6Sep 25, 2019, 01:31 PM
It’s tough to say for sure. We could see another dip to $90K or even lower. But don’t panic if that happens. If you act out of fear, you might end up losing your Bitcoin. It’s better to accumulate during these price drops. This volatility is just part of the game.
I’m not convinced we’ve seen all the corrections yet. We might dip below $93K or even $90K again. I doubt it’ll go much lower than that, but it’s all speculation. I’d be happy to see it bounce back to $100K, but an ATH this quarter seems unlikely.
It could take us until New Year’s to figure this out. Remember when Bitcoin was hanging around $49K to $65K? A pullback from $107K to $93K is pretty standard. It’s volatile, but it’s also got long-term growth. A drop could lead to a rally like before.
notyourkeysNewbie
Posts: 252 · Reputation: 12
#9Sep 27, 2019, 09:52 AM
I’m not making any short-term predictions; my sights are set on 2025. Everyone’s tired of corrections at this point. They just want the price to rise and take some profits. It’s tempting to think the correction is over, but honestly, who knows?
wildoracleMember
Posts: 138 · Reputation: 44
#10Sep 29, 2019, 04:35 PM
Anything is possible with Bitcoin. It just hit new ATHs, but now it’s sliding back. Just because the price is dropping doesn’t mean it’ll keep going down. I see it as a chance to buy low if it dips to around $85K.
This year has been full of surprises for Bitcoin. It’s hit multiple ATHs in quick succession, and we’re still shocked by these price moves. So yeah, I wouldn’t rule out breaking the last ATH before the year ends.
If it weren’t for this correction, I wouldn’t even call it a dip. It feels like we’re just cooling off after the recent surge. Expect some wild market movements until the end of 2025.
Hey, were you sleepy when posting this? You’re talking about 2025, and we haven’t even entered that year yet! But I get it; corrections are essential for hitting new ATHs.
Lol, can’t blame me for being eager for 2025! Just corrected the year. Bitcoin has been wild this year. Seeing it drop below $100K now is a great chance for those looking to re-enter.
Looks like we’re not out of the woods yet. The price might still drop, but it seems to have solid support at $94K-$95K. But who knows? The negative news could sway investors. They should see this price drop as a discount.
AtomicShardNewbie
Posts: 68 · Reputation: 8
#16Sep 30, 2019, 08:11 AM
Super tough to predict next moves. Bitcoin crossed $107K, and analysts were saying $120K next. Then it drops under $100K, and suddenly it’s talk of hitting $85K. Makes you realize no one really knows.
fewunderstandLegendary
Posts: 284 · Reputation: 5964
#17Sep 30, 2019, 08:55 AM
Sentiment seems bearish since we can’t break past $95K. The upcoming Bitcoin futures expirations might drop the price too. Everyone wants to see it hit $100K at least before year-end.
Totally get the excitement. Mistakes happen; no biggie. Some people missed out on major profit opportunities, but the price drop now is a chance to buy before the next ATH.
AtomicRavenNewbie
Posts: 128 · Reputation: 29
#19Sep 30, 2019, 05:56 PM
You sound like a newbie, man. It’s Bitcoin; volatility is just part of it. Big drops are normal. The Fed held interest rates, and that affected the market. Price is likely to hover around $90K-$100K for now.
Dips are just opportunities. I still think 2025 is the year for new ATHs. The rally isn’t done; this is not a correction, just some dips we can work with.