What is a cryptocurrency market correction?
Reading various online forums, people write all the time that they are waiting for bitcoin to be corrected. I understand that the correction means drops, but is there any specific percentage decrease that must be there for this so-called? "adjustment"?
Reading various online forums, people write all the time that they are waiting for bitcoin to be corrected. I understand that the correction means drops, but is there any specific percentage decrease that must be there for this so-called? "adjustment"?
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In the case of investments, a correction means a drop in the price of an asset by 10% or more from its last high. An adjustment can occur on a single asset, such as a single stock or bond, or on an index that measures a group of assets.
An asset, index or market can be corrected for a short period of time or for a longer period - days, weeks, months or even longer. However, the average market correction is short-lived, lasting three to four months.
Traders and analysts use charting methods to predict and track corrections. Many factors can trigger a correction. From a major macroeconomic change to problems in a single company's management plan, the reasons for a correction are as varied as the stocks, indices or markets they affect.
In the case of investments, a correction means a drop in the price of an asset by 10% or more from its last high. An adjustment can occur on a single asset, such as a single stock or bond, or on an index that measures a group of assets.
An asset, index or market can be corrected for a short period of time or for a longer period - days, weeks, months or even longer. However, the average market correction is short-lived, lasting three to four months.
Traders and analysts use charting methods to predict and track corrections. Many factors can trigger a correction. From a major macroeconomic change to problems in a single company's management plan, the reasons for a correction are as varied as the stocks, indices or markets they affect.
Machine translated
The general definition of a market correction is a market decline of more than 10% but less than 20%. A bear market is usually defined as a decline of 20% or more.
The general definition of a market correction is a market decline of more than 10% but less than 20%. A bear market is usually defined as a decline of 20% or more.
Machine translated
Machine translated