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RE: Bitcoin correction or beginning of a downtrend?
I say brief correction, there is no way the market psyche is going to get teased by almost hitting the $5K mark and not actually break it.
I also think you will have alot of HODLers that missed this drop in the middle of the night. So I think we are good for now!
EDIT
Plus! A LOT of people having been waiting for this to happen. So we will have a bunch of FOMO buyers jumping in all the way back up to $5K!
I can see that, I was thinking you could look at it as everyone and their mom was putting money into Bitcoin and when people wake up tomorrow they will freak and possibly panic sell and take profits if they invested earlier. Longterm im still bullish!
At this point, I don't think overall steady bullish movement will stop until after the new year. The market is still so small. And there is a LOT of new money coming in every day. I do however see things going sideways for a time. Which would totally be fine with me too, that's a healthy sign!