It is time for Market correction

[tonymillions84]

For over a month, the crypto market has been on a bull run. bitcoin moved from 5k to over 8k and currently trading on 8,5k . altcoins are yet to recover fully in the market, a slight fall from 8,900 to 8,400 as we see show that the market is seeking correction.
What say you guys?

[gotbounty]

Yeah, it seems the market is experiencing a little decline recently. It is normal after some rising trends, it needs time to be corrected. But we don't be afraid because the market will grow again after the decline. I think the decline won't last a week, it will be over just in several days.

[gofunme]

I don't think it is correction. As the market is freedom, it only waves and waves without anyone's willing. It is health because of the volatile.

[corr]

Time correction has come for a long time. It seems like whales want to force more people to believe that the market will go even higher and that people would buy. A lot of positive news every day. it makes me worried. I'm waiting for correction and the first goal is 7200$

[Alter]

I don't think it is correction. As the market is freedom, it only waves and waves without anyone's willing. It is health because of the volatile.

What do you mean? I don't get your point. Correction is normal and it happened regularly. But yes, it happened, you must be aware that the price is decreasing. BTC price declined from $9,000 t0 $8,000 just in two days. But hope that won't last for a long time. 

[aiviaa485]

But hope that won't last for a long time.

I have to last a long time in my opinion, or maybe it can go down to 6000 USD more so I can buy more Bitcoin.
If Bitcoin continues to rise then my Fiat is useless and it takes a long time to take advantage of the rising Bitcoin.

[trauchot]

So the correction of the cryptocurrency market has begun, I hope it will be short and the market will not fall at times, I do not want to see bitcoin again for 3k$ and ethereum for 80$, I hope the market will start growing again soon.

[Niteroy]

The correction was supposed to happen, but no one knew when it would happen, but you should not worry, because after a strong correction, the price increase is stronger than before. I think that the price will not fall below $7,700 and now there will be a reversal and this time growth to $9,000.

[Jee]

Sound like the correction is in place Bitcoin now at the price of 7800, so wait for price action from 7500, 7000, 5700, as the bitcoin Zone movement between 5750 -11500. 

[gofunme]

I don't think it is correction. As the market is freedom, it only waves and waves without anyone's willing. It is health because of the volatile.

What do you mean? I don't get your point. Correction is normal and it happened regularly. But yes, it happened, you must be aware that the price is decreasing. BTC price declined from $9,000 t0 $8,000 just in two days. But hope that won't last for a long time.

Right. It's correction. Maybe the previous hot rise runs too fast. It is normal.

[LogiC]

Sound like the correction is in place Bitcoin now at the price of 7800, so wait for price action from 7500, 7000, 5700, as the bitcoin Zone movement between 5750 -11500.

That is a huge gap of levels. I dont see bitcoin will drop hard until 5k level. Yes lots of factor affecting price and indeed some news are affecting it even its good and bad. I think corrections are always happening. Now the price is going down again, Its better to hold iff and wait for a strong resistance before you sell anything. Price is dropping and youre action should be neutral and dont give in when you already lost a lot. Thats part if trading!

[Putih]

I think the decline is still in the normal stage, and in no hurry to make a decision to sell, we better be patient the market still has the possibility to grow.

[zendicator]

market correction is an indication that we are on a healthy growth and it is needed for consistent pumps. Crypto is a very volatile to invest with. In either way, people are earning profits by longing or shorting the bitcoin in futures contract.

[Jee]

wait for price action from 7500, 7000, 5700,

That is a huge gap of levels. I dont see bitcoin will drop hard until 5k level. Yes lots of factor affecting price and indeed some news are affecting it even its good and bad. I think corrections are always happening. Now the price is going down again, Its better to hold iff and wait for a strong resistance before you sell anything. Price is dropping and youre action should be neutral and dont give in when you already lost a lot. Thats part if trading!

I did not say that bitcoin will drop hard until 5K level , as i mentioned you can read above pls. "wait for price action from 7500, 7000, 5700", this is the support levels of Bitcoin. I mention the Price Zone "bitcoin Zone movement between 5750 -11500"