Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs.
On Thursday, bitcoin hit an all-time high of $2791.70, according to CoinDesk data, marking a 180 percent rally year-to-date.
Read more here: http://www.altcointoday.com/bitcoin-price-may-be-nearing-a-massive-47-correction/
I think hes wrong. That the last dip was due to a lot of negative press and bad news from the US and its horrible bureaucracy. Its overcome that hurdle now. I dont think there might be a little correction. but it won't be very big, and it won't be for a while.. We Will see I guess. Thanks for posting regardless
I think he is wrong but I hope he is right because I would love to buy in after a 47% correction.
And this here is why I dont think we will have a correction yet. Lots of money on sidelines that wants in.
In caps LOTS OF MONEY WANTS IN!