Market correction or Dump?

[zendicator]

Last week we saw bitcoin rallies up to more or less $14,000 but now as I look at the chart bitcoin is now trading at $10,400. Are we seeing a huge dump to go back to $6000 level?

[vanjava]

I think the decline in bitcoin is currently a market correction, given the significant increase last week. I'm sure bitcoin won't return to $ 6000.

[damsix]

Still a correction because I'm sure Bitcoin can still raise its prices until everyone gets bored not wanting to sell Bitcoin.
See Binance, there are lots of Bitcoins in circulation and see Buy Order so much and stack to be ready to buy Bitcoin at a price of 9.800 USD.

[juv3ntus1]

Last week we saw bitcoin rallies up to more or less $14,000 but now as I look at the chart bitcoin is now trading at $10,400. Are we seeing a huge dump to go back to $6000 level?

on the weekly chart btc/usd have a ugly candle so yes i believe its possible for bitcoin to go back slowly maybe i few weeks to 6000$ level .

[OptimusPrime]

Last week we saw bitcoin rallies up to more or less $14,000 but now as I look at the chart bitcoin is now trading at $10,400. Are we seeing a huge dump to go back to $6000 level?

it has always been a market correction.  you can see that the market is currently maintaining a strong support level at 10,000 so if that stays for long, we will see the bull again for sure

[Doctor]

Last week we saw bitcoin rallies up to more or less $14,000 but now as I look at the chart bitcoin is now trading at $10,400. Are we seeing a huge dump to go back to $6000 level?

Yes I see bitcoin reach $14.800 last week. Today bitcoin going down. In my opinion It just market correction. I hope It will rise again soon, maybe about August this year. Several people say It is dump, But I still believe It just market correction.

[corr]

yes, market dump is a correction. how much he still falls does not know exactly. there are big players who are very knowledgeable about human psychology and know how to manage those markets so that as few people earn money. as for me it is not profitable for big players to lower the market. Think for yourself why they should be able to buy a cheap BTC for 4,5,6к$ or lower and then do a btc pump again? it's not logical to lower it down much so that ordinary people can buy cheaply

[trauchot]

It is difficult to say, it is correction or the market falls to the bottom, but something I don’t like is a very fast fall, it’s already too long and goes only down, like the cryptocurrency market again did not start looking for a new bottom.

[aiviaa485]

Think for yourself why they should be able to buy a cheap BTC for 4,5,6к$ or lower

If the price drops to 5000 USD then it's not a correction but a severe dump of 10,000 USD.
That correction can be said to only minus about 1-10%, but if the dump or the price drops more than 50%, then the name is a disaster aka DUMP.

[gurunanakji777]

Obviously I would say its a market correction, its not a dump. Wait for some more time it will rise back. As we have seen market has been rise aggressively in the recent time so correction is a common thing and one should not be worried about this move.

[sturec22]

If bitcoin retraces to 7k s and goes up back again we can consider that as a healthy market correction. But going blow 7 or 6k will show us a dump which can even lead to lower lows. Really risky to trade these prices.

[Knaw]

yes I also think that in the past few weeks the price of bitcoin has also proven a good price, but seeing the development of bitcoin prices is now declining, so I think it's also a good opportunity to get more bitcoins at lower prices, because I'm sure the price will also rise again in the future

[Beattysuhita]

if I think I will not worry about the steps in the current bitcoin price movement, because this is a market correction, but for me the price of bitcoin will also increase again in some time now, seeing the development of bitcoin prices in the near future has also given a good , so I'm sure the market will also recover this year

[Payme21]

I don't think its a dump but rather a price correction. This us expected especially as btc saw an extreme rise in her value. Not sure we're going to see a 6000 this year again

[Senin]

Last week we saw bitcoin rallies up to more or less $14,000 but now as I look at the chart bitcoin is now trading at $10,400. Are we seeing a huge dump to go back to $6000 level?

No, apparently, it should be regarded as a normal Bitcoin correction. And many predicted such a regular correction deeper and longer. However, this did not happen. After falling in price after June 26, a few days later Bitcoin began to rise again in price and now its price is $ 11,223. For some time it will be free to float in price, and then we'll see.