How far will the correction in crypto go for?

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Well, it looks like my blog about a correction in crypto was right:

  • BTC: after reaching an unprecedented high of US$11,427 on 29 November, it has now lost 19.4% in less than 2 days (down to a low of $9,202)
  • ETH: after reaching a high of US$519 on 29 November, it has now lost 21.9% in less than 2 days (down to a low of $405)
  • LTC: after reaching a high of US$104 on 29 November, it has now lost 25% in less than 2 days (down to a low of $78)
  • BCH: after reaching a high of US$1,719 on 24 November, it has now lost 26.2% (down to a low of $1268)

...and the list goes on. What are your thoughts about the trend over the coming 1-2 weeks? Will the correction continue, or was this just a hiccup along an upward trend? Why do you think that?

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Most will buy the dip, it's too tempting not to.

Exactly, I think we're too far to have a crazy dip

There will be a crazy dip for sure, but people will still buy it. It could drop 50% in 3 days. Hell, it dropped 20% in one day. But then again it comes back just as fast.