Bitcoin Forum

https://www.fr24news.com/a/2021/01/analysts-say-bitcoin-price-drop-to-30k-was-healthy-and-necessary.html

Analysts say Bitcoin price drop to $ 30K was ‘healthy and necessary’

It's hard to say. Some analysts claim that this drop was "healthy and necessary", the others insist it's a sign of a bear market.

Perhaps what it meant that this is healthy correction is that the market is obviously not going to rise parabolic. And while this is for most of us doesn't look good because our portfolio is going to decline, but the to an extend it will give investors a good buying opportunity. We can buy bitcoin at a discount and once this correction is done, it can possible to go upward to $50k. So we will have to wait and see what happens next.

We've seen more drastic drops in the last few years or so, it should not be a surprise anymore and there's no need for analysts to tell us what it is. Just a few weeks ago we broke $20k, and then went 2x to $40k, seeing we drop to $30k is not that surprising. I'd not be surprised if the big players are the ones who make an exit to shake out the weak hands after getting their money from the fomo.

As we know that bitcoin investment is a high-risk investment, we should know that bitcoin price can jump to a higher price or lower price anytime.
If the price can jump to $40k in just a few days and back to $30k-$35k, and then jump again to $37,500-$39,000 because I think the price is making a curve in any movements.
But maybe I am wrong about the curve. In the short term, the bitcoin price will always up and down, but the price will be going to a high price in the long term.
So you do not need to worry if the price is down or up.

I think the current drop is just a correction and I think it's not healthy because it might trigger the other holders to panic again resulting to another bearish market but this lower price will favor the small time investors in which they can now purchase Bitcoin in a cheaper price so it will be a healthy more for them. Anyway, the price is start to moving up again therefore I will keep on holding.

We will know it's a correction if it rises above its current prices. Since nobody can predict when the bears are going to take over, it's definitely safe to have good risk management (if you are trading) and accumulates more (if you're a HODLer). Remember that there's always going to a stop to a trend; whether this bull trend will end or not, it's not going to be forever for sure. It's better to focus on the bigger picture or the long-term part, as they say, with every investment. Just be patient and plan.

Its not healthy if you bough bitcoins at $40k since I'm sure you will go thru a lot of stress seeing your money lose of $10k, but if you are just watching the whole market scenario then I can say its still healthy if the price dump up to $30k since it can give us a opportunity to find a good entry point.

But come to think of it maybe they are just  telling that necessary since they targeted to buy at that price.

It is healthy for speculators if the price recovers back to $40 000+ ....because speculators love making profits and if it goes down hard like that, more speculators will see that there are profits to be made and they will also start buying bitcoins.

Are these speculators good for Bitcoin as a currency.....NO!  They just cause more volatility and people using it as a currency will suffer as a result of that. (losing buying power that quickly.... will push people to stop using it as a currency)  >:(

I could see stock market analysts making that mistake. In equities, 20% is usually considered a bear market, although personally I feel that's one of those arbitrary "rules" that convinces retail investors to sell while institutions buy the dip.

Anyway, in BTC 28% is completely healthy. In fact, 40% is healthy. Bitcoin goes up much harder than other assets, by orders of magnitude. It also falls much harder too. This is why we can't apply arbitrary stock market metrics to Bitcoin. The stock market is much less volatile.

We are still comfortably in the realm of a bull market correction. That will be true even if the market continues dipping to $25K.

I think only a fool will expect the price to continue to go up forever, this correction is healthy for the market. Though chain analysis show that it is not whales dumping their BTC but miners. Miners need money for their daily operation and taking some money to keep in their reserves is good for business.

Yep, true. The market cycle is something that is sure to happen in every market. Plus, I think this is just another pullback, if there is some content or press about institutions that use bitcoin the price will go up again. indicators of bitcoin's health or health are still pretty vague

Obviously. I expected this to happen and I am happy it did because this proves that BTC won't fall below five figures like in 2018 anytime soon. This is a healthy correction.

The price is currently back above $35K already and it will probably keep fluctuating between $30K - $40K for sometime based on my research. Whatever the case, the big point here is that BTC doubled its value recently and that is all that matters.

It's not healthy but it may be normal because of its volatility.
Expect this to happen a lot when panic emotions are getting higher.
Hell, I admit I am also in a panic that my fingers are trembling to just press that sell button.
I just want more BTC to buy after it is being dumped again by profit makers. Like riding a big boat.

It's healthy surely. Psychologically, if the price of anything increases heavily, although it might attract many investors to invest and have FOMO, but, in the long run, it will create fear among them as well and make them think if the price of the coin is increasing because of manipulation or something. Corrections, and sometimes halt or decline in price is needed to maintain the trust of users that they aren't part of something that's being manipulated and not a real thing.

This is healthy for the market has the analyst said. The market is volatile in nature and I think the drop will help to make corrections in the market as to allow many more investors into the market before experiencing a new upward turn in price.

First of all I think it never really reached 30k as a whole, it tested below 32k but bounced back and that was understandable. However people are forgetting that 20% fall is something we have all the time. Look at the price right now, itis over 35k all over again, when this all started it was around 37-38 and not 40, sure it went to 40k but it went down a bit to 38k levels, and I have seen 36k as recover, so that is literally less than 10% fall right now, we are talking about more like 3-4% in the last 48 hours and that's it.

People are overreacting to movements, as long as we are around here, some falls will happen but correction needs to happen in between. If you want to see bitcoin increase in price a lot, you have to also accept the fact that we will see some corrections in between, and as much as %20 is definitely possible and understandable, that is still a correction and not a crash.

Necessary for those investors who are planning to invest at a lower market price in order to generate profit eventually. But I guess it would still be a gamble knowing that there's no certainty on when will the market price will again increase. Therefore, this would be a waiting game if ever such thing will come to reality. There is a downtrend at this moment and no one knows how low will the market price be. So I guess it would be hard to tell if the downtrend will be healthy or not. Maybe a matter of a benefit of the doubt. There was a huge rate of increase lately and correction is already anticipated, not surprising if I would be asked. So for now, hold and be patient.

I read something like this on the cointelegraph website “This decline is healthy and necessary” and some experts believe that this correction is necessary and it is possible that Bitcoin will drop to  16,000$ before continuing its upward journey !!!
Frankly, I was not convinced of such talk, and I do not think that Bitcoin can drop to these levels at the present time and I think that what happened was mostly due to profit taking in the short term by some institutional investors, according to some experts.
It appears that institutional investors liked to make their profits early, so they sold large quantities of Bitcoin, which drove the price down.

Yeah well, there are always going to be people who buy right at the peak but I think the question here is whether the "dip" is healthy for bitcoin as a whole.

Personally I think it is.  What I didn't want to see was bitcoin rising too high and too fast, which is what it looked like it was doing when it surpassed $40k.  If it kept going up unchecked, bitcoin would no doubt be in bubble territory and we all know what happens to bubbles when they get too much air in them.  Think of 2017 and the bear market that followed.

Bitcoin is at $35k as I write this, and I'm just hoping it stays near that price for a while--I don't care if it goes back up to $40k at some point this year, but I just don't want the market to get out of control.  That wouldn't be good for anybody holding bitcoin long-term.

he or we instead can say " is btc correction healthy ? " of course it is verry healthy and not only that , saying correction over drop is also less painful  . its hard to say this but whats not healthy is when btc only increase and increase .

people will worry too much if what is happening and may get scared but that didnt happen either so far  . price corrected at 30k usd isnt bad or not too much , this is enough for those who want to buy and those who wanted to catch up selling

We just need to deal with the market as we all know that market is playful and is really hard to predict.

Bitcoin's price during bull run can really experience price drop but sometimes it does recover and have a much higher price in the next day or week.

It is really those big investor's fault but what can we do if they can somehow manipulate or affect the market heavily.

I think it's OK, moving people's desires here and there, creating FOMO or Fears of a bust. Drops like this allow us to re-enter or speculate more through derivates.  

I think a drop to $30K is merely a correction if you look at the 4-hour chart it looks like a genuine movement not something like a bubble. But one bad thing is that we are currently stuck in this 33-36K range which makes it quite unclear which direction it will go. I saw a breakout movement in the day towards 36K but it retracted from there as we couldn't break the long term EMA. But now the daily MACD has started to turn Red so I expect there might be a few more red days and we might go back to 30K once again. But there was a big FUD due to which there were pretty high selling volumes at around $31K.

How to determine this? I think everyone is racking their brains about the reasons for the drain of bitcoin as much as $ 10,000.
Personally, I doubt that the causes of these events are natural. Many expected Bitcoin to break through to $ 50,000, but it did the opposite move from expectations. Perhaps this will give a chance for the altcoin season.

There was a momentary drop to 30k but right now the price is sitting at 34k, however I agree, this is not in my opinion a sign of a bear market, this is a sign that we could not go up indefinitely and some of that pressure needed to be released, now traders and investors will be more happy to accumulate bitcoins at the current price which will once again make the price to go up during the next weeks.

I know this may seem counterintuitive but sometimes markets need some breathing room so they can gain strength again and to me this is one of those movements.

Bitcoin's price dropping to $ 30,000 is necessary and healthy. Because Bitcoin if it continues to go up without a correction first will be very
dangerous. Moreover, if Bitcoin is corrected, it means that some large investors are taking profit, and also provides the opportunity to be able
to buy Bitcoin at low prices. I welcome the price correction that is happening in Bitcoin at this time, this gave me the opportunity to be able to
buy Bitcoin at a low price. And I also believe that the correction that is happening now can make Bitcoin rise even higher.

Sure it is

Indeed. It is dangerous if bitcoin will continue to rise without a correction. It will become a more extremely volatile asset; that is why it is normal and healthy for bitcoin to drop to $30,000 suddenly. Many people also say that bitcoin correction is coming, so it is the best time for people to rebuy bitcoin to make its price higher.

Yes, in my opinion, the decline in the price of bitcoins that we are now seeing is a natural process.  

The rise in bitcoin price from $ 10,000 to $ 41,000 was too fast.  In fact, we have seen a parabolic rise in asset values.  Correction of the bitcoin price to $ 30,000 (or even up to $ 20,000) will have a beneficial effect on further growth in the price of the first cryptocurrency.  

A decline in the price of a financial asset (as well as a sharp increase in the price of an asset) are emotions.  Emotions are a reason to write an article in the media.  This article will be read by many people, potential investors.  

These people will have an idea to invest in Bitcoin.  They will buy Bitcoin. Bitcoin price will start to rise.

It is expected to drop for price corrections but I don't believe it will below $30k and hence for weeks bitcoin dominated the market for sure people holding their bitcoin were already sold out and waiting for the dip for another opportunity to make profit from it. With that price, it's still pretty healthy market hence we are still in bull seasons.

Some analysts already said that it was healthy since it bounced back to that point.

I can say too that it is a healthy correction in order for the market to be shaken. Those weak hands already sold their Bitcoins that they are holding and those who have spare money at that time probably bought at near $30,000 and now in a profit. I will expect for more corrections to come in the coming weeks :). Seems like $40,000 is the strong resistance as of now.

In my opinion it is not really necessary. A bit more volatility in the bitcoin market could be fine for everybody. If the bitcoin price would be fluctuating between $30-50k USD then it would be easier for new investor to buy into the market. I really hope it price will stay above 30k for 2021.

I'm not quite sure what does he meant by healthy but one thing is for sure it's necessary I heard that it's a correction and it should be necessary if it was overbought. I'm not really sure about that I think I needed to study first why it's necessary and important.

If bitcoin price drops at the 30k dollars we are not sure yet if the value will not down because as we can see now the price is dropping and we are not sure what is the next movement for the bitcoin if it's climb to up or to down. Now is taking risk and I guess many of them want to do that because I see a lot of investors have positive thoughts about bitcoin that you really helpful  for the bitcoin to not happen big dump.

Its really surprising how this year price of btc went up really fast like in a week almost 50% so I must say we need a correction inorder to go upward if btc not corrected then the market is not healthy at and the risk is kinda high to crash severely.  

A market wont be called to be a market if it wont really be having correction or pullbacks. We cant just see a market that would continue to rise up
and reaching out points which are already unrealistic and thats purely a manipulation thing.When it comes to decrease then i can  say that it is just normal.
People do normally react into these kind of events.

Sayingg that bitcoin is dead?
We gonna crash back to 3k or lower?
Time to switch to altcoin?
2018 crash is coming?

Those are normal lines of words that we do hear off.

It's normal also for BTC to decline in price due to its too high and fast move to reach its ATH but I don't think that correction will last long since many new companies were still eyeing to buy more BTC and adopt BTC especially those who are shifting their investment from stock to crypto due to new variant of virus that may cause problem again in every economy.

Bitcoin Price is so much volatile now. It is so much tough to predict on it. No one can think that in the present time and after a big pandemic- corona pandemic bitcoin price can hit $40k but bitcoin prove that it is the king of Crypto. It can happen that bitcoin price drop. But no one can tell that surely.

It is normal for the market to go up and down for a while. Bitcoin has gone through a major uptrend and will now stabilize slightly downward. Now if the price of a bitcoin drops to or around $30K and continues to trade with some fluctuations from a stable level, it is a really healthy situation for bitcoin. At this stage of Bitcoin, it indicates that it will rise to $50k or more later.

If the increase continues after the correction then I think it is correct, because to reach a higher price at least from the existing history there will be a correction. So yeah, I guess it doesn't matter because what matters is when a lot of holders panic when the market is crashing and that's something to worry about. If so, then maybe it can't be said to be healthy because what might be said to be fair is a gradual decline but either way, the market will still be fine if holders can be patient.

None knows anything about future, but, I'm sure it is. The price started the bull run months ago and still going on. In any situation you can't expect the price to rise all the time some time it fall sometimes stays stable and sometimes just needs a correction. In any market we do have the same situation unless some price manipulation happens on it. In order to rich higher price levels, bitcoin needs to rest and go for the next price levels.

The drop in the price of a cryptocurrency is normal and we all know that since the nature of every cryptocurrency is its volatility, meaning the price is changing and it is constantly rising or falling time by time. So if that happens, I think it is still good for me. When the price falls down, that is a good time for everyone who wants to buy some bitcoin since we all want to buy low and sell high. Every transaction that is happening all over the world has an impact on the current price that we are seeing on the market.

It's a norm when the bitcoin price surge and dump. It's usually considered as healthy growth in market especially when there isn't manipulation. The only problem with cryptocurrency is the volatility and when the price is about to dump, it can be harmful to traders and holders.
This is unlike the 2017 bull run we had that couldn't sustain 20k in weeks but here is 30k so strong.
Looking at the current market situation, I think the whales will do anything to hold the price above the 30k so the rally don't loose steam.

And remember, 30k is already a good price as the previous ATH in 2017 was only 20k. So dropping to 30k is still good for me. But as you can see right now, we are going up again. It means, a lot are still trusting bitcoin, even if some institutions or miners are selling big stash. So the adoption this time is really different from the previous 3 years. It is nice to know, that there are big institutions that are believing with bitcoin.

Apparently, one of the whales gave up and sold all their bitcoins, which caused panic in the market and some bitcoin holders also started selling. But this is only temporary, because further they will only buy more, all the prerequisites indicate precisely the increase in demand for bitcoins among billionaires. Therefore, you should not sow panic, you should wait a little and the price will reach at least $ 50 thousand per bitcoin this year, you will see.

Actually, It depends, it'll be good for those who have dumped already and wanted to start investing again. It's normal that the price might go up and down in the market so I don't find any problem with it, the only problem you'll encounter is when you'll put the money on the line.
Agree to it, after the drop to $5k and now we reach $40k, why there are still hoping for a bitcoin price pump? It's very late to invest right now people are just hoping for the correction to invest and start all over again after gaining a profit.

Well, I believe so, as bitcoin continues to rise into a bigger value, a small percentage could already mean big money, and from here, bitcoin has already rise 100%  in jut less than 3 months, for me that makes bitcoin overvalued for now, but I could be wrong too.

Whenever the price drop it is not healthy for bitcoin and also with the users because they think that bitcoin price drops suddenly and it will continue so on, This something brings panic to those newly invertors in bitcoin which they choose to risk their money without some good knowledge about it. A good and healthy price of bitcoin when it will be stable at the price of 40$ or maybe more so people will be happy at this rate and will be more increase in the volume it self. but it will be always depends on the investors if they want to invest more in bitcoin.

Bitcoin price growing days by days and their seems no chance of  30 k. Bitcoin onlyake correctness and dump from 40 to 33k and then price is between 33k to 36k. But again bitcoin pump and now close to again hit 40 k in some hours. Analysis also says that if bitcoin price hot 36 k then its possible that its price hit 50k.
Now market is growing very fast and we cannot expect that again price will make correctness to 35 k so 30k  is not possible at this time.
Of any want to buy 32-35k is signal from me to buy at this price

First of all I don't care much about these "experts" and "analysts" because their predictions are almost always wrong. And secondly, we need such drops from time to time, in order to get rid of the less serious investors. There are a bunch of noobs out there who are dreaming of becoming millionaires overnight. When Bitcoin drops by 20% or 30% in a day, these users will dump their coins and make their exit.

Everytime this isn't the truth, because experts will be observing the market very closer than the common users. This way there are experts who make closer prediction as the real market move. We need to think about the market, anything we take into account should not have a growth that isn't interrupted with drops. If such a form of growth is happening, then it is fake pumping. What we experience with bitcoin is real growth according to the market moves. Based on this I find the drop to be healthy.

The current Bitcoin price is 37.9K USD and the maximum drop that happened a few days ago was 33K,so there's no price drop to 30K.
I guess that a price drop to 30K USD would be "healthy",because it will lower the greed and FOMO,which dominates the market for a while and it will allow more investors to buy BTC at 30K USD,before the price goes up again.
I don't know why a Bitcoin price drop would be considered "necessary".
I guess that this analyst wants a bearish market,so his analysis has an element of wishful thinking.

It is kind of acceptable value as of current price trend which is at 37.5k USD. Volatility of bitcoin was still high at this current point so I can speculate that the danger or unhealthy decrease if it would go down to less than 20k in less than a month which is alarming.

Of course, the recent drop in the price of bitcoin to $ 30,000, and I myself saw in CoinMarketCap that its price fell on January 05 to $ 30,482, was quite acceptable for him. Moreover, the very next day its price rose to over $ 35,000. The high price volatility of cryptocurrencies is good for both traders and investors. For the stock market, such a drop would cause panic, and in the cryptocurrency market, this is considered the norm.

I don't think it would be unhealthy even if it goes to 20K. It was only still trading at 12K for a large part of this year. 20K would still be a win compared to a lot of others. These upswings would have allowed atleast some of the Bitcoin supporters of the past 3 years (since the last ATH) to profit a bit and recover.

I am all for them having the chance to stack up a bit more bitcoin. 20K is not affordable for a lot of people. Anything above a month's income for an average developing country household is a great point for Bitcoin price. That is anything upwards of 1K USD.

There could be a little worry about the 30k or minus price, we have seen 30k+ before, we have reached as low as 31k for example, those are all great and understandable, I believe that is going to happen most probably. However one thing is not guaranteed, we do not know if it will crash or not. Looking at the current situation the price keeps having corrections but it never really has anything big going on neither, it doesn't crash, it just does a correction and goes back to what it was.

This creates a question in people's minds, do we end up with bitcoin doing a lot better, or do we end up with bitcoin doing worse? Considering bitcoin goes down a lot sometimes, people are worried, but then it recovers yet fails to go 40k+ so it doesn't do anything new, people gets hopeful, we really do not know the direction we should be taking at any moment.

30k is still not a bad bargain for gaining Bitcoin. Nobody even expected Bitcoin to reach that value especially at a time of a Pandemic. Even though the world is going through something that will change history, Bitcoin is also doing another thing that will be its milestones for users to look at in the future. If Btc's value dropped, its another opportunity for investors to buy and sell and decide whats the necessary step for  their investments.

It is a valid point, even i was not expecting the price to rally last year itself because of the pandemic but then the huge financial institutions who used to invest in other financial markets started targeting the cryptocurrency market especially bitcoin and so is the reason the price started to rally.

I would like to see the market having a correction and i do not mind the price going below $30k as it would give many an opportunity to invest again before the final rally ;D.

  I personally think it's a good and a bad thing. Knowing the fact that this price is really enticing and surprising, this would allow more people to come into the system. However, at the same time the more people coming in to buy bitcoin will eventually pump the price and the transaction fee as well. If this goes on, there will come a time when people who bought bitcoins can't sell anymore due to high transaction fees, and people outside can't buy because their measly pocket money wouldn't be enough to buy a considerable amount that would help jumpstart their cryptocurrency journey.

I'd like to have a chat with those who think it's a sign of a bear market.

What indicators are they using? What moving averages did we cross? Since when is 100% jump followed by a 50% correction a sign of a reversal?

Those guys know nothing about analysis and making real predictions. They fake it till they make it.

The price fell but right now it is at $36K and I think it can still be profitable for those who invested at $40K since the chance of crossing that line again is definetly close. There are a lot of signs but I don't think it will be immediately a bear market, the price is still moving amazingly.

it needs to be done, because it is a temporary correction for bitcoin to a higher price. it is natural and usually if bitcoin goes down this will have an effect for some time before the bitcoin pump price. maybe if bitcoin drops to $ 30 it can pump up to $ 50 or $ 60 and higher

If bitcoin would able to go down even deeper than 30k and that could be a disaster. Bitcoin has been facing a few corrections and we will see whether bitcoin can break another record again. Im still waiting for the price of bitcoin do be dumped again.
The disaster will happen with all of the support got eaten by the dump easily. We must remember bitcoin has institutional investors.

Institutional investors see an opening and begin to party with this investment tool. Bitcoin gained higher value as businesses start to adopt this system and investors and traders from institutional market start to jump and ride bringing the value to this level. This kind of action make this asset more stronger.


For those who are aiming to place their entry to a lower price they are hoping for this kind of corrections, while those who already inside are still positive that the value will bounce back and bring higher target. We can't say what future will bring to this asset just keep tracking and follow the development to find your guide while investing to this market.

Its a normal process, the growth coudnt be eternal. Just correction of overbought and consolidation

Bitcoin can't always increase without correction, like a bubble that will burst at the end. It was expected when it rises to $22k, $25k, $29k but bitcoin break all those resistance levels and turned out to surpass $40k, hit the ath at $42k. Many people predict bitcoin will drop 30%-40%, yet it fell only 27% and the crucial support level at $30k still hold firm until this point. Although bitcoin price drop to $30k then it retains a strong rebound that has allowed it to surge back to $36,000.

Yes, I think it is. We expected bitcoin to reach $20k last December. But it even surpassed it and even reached $30k and $40k. So going back down to $30k is just okay. I mean, it is part of bitcoin's nature to go down at a particular amount because of its volatility. It even reached $2,000 in 2017 but we still thought of it as a normal part of the swing. So yeah, I think it's healthy.

Maybe for the short term, bitcoin is not a good choice
I will stick to my view that his value is much more than 100,000 dollars

In my opinion, a drop in the price of bitcoin from $ 40,000 to $ 30,000 is absolutely normal. 

Before that, we saw a parabolic rise in the price of bitcoin.  After such a rapid growth, there should be a price correction.  This is what happened.  Bitcoin price is currently around $ 35,000.  Ahead is likely to rise in price of bitcoins to $ 50,000. 

The administration of the new US President Joe Biden announced new anti-crisis and anti-coronavirus measures. 

This means the continuation of the emission of US dollars, the growth of the stock and cryptocurrency markets.

Of course, many expected Bitcoin to fall, this is the law of the market. The price had to fall sooner or later. Now, following Bitcoin, the price of other tokens will fall. I do not recommend selling all my tokens now, wait until the market situation stabilizes.

not 30k because for me 30k is still high but let say 14k or below and that will be the time where people go into panic mode . its like having a disaster but its not the properties are being destroyed but its the prices .

if you saw a correction you need to hurry up and buy because price may not come back again but its okay to wait for a dump if no correction that has been reported

Price movement is not a one way traffic thus what ever pullback or correction that affects the market is very healthy for the market, if the price of bitcoin continue to trend bullish without any drop then I will say it is unhealthy, price movement is always in peak and trough just like higher high HH, higher low HL. lower high LH and Lower low LL all these are as a result of price corrections, with reference to 4 hour timeframe of BTCUSD price had already corrected to $30K thus formed a Higher low, of course the massive pullback is due to btc high volatility of the price which is very common based on its past price history.

BTC doesn't run in sideways. It's volatile and pump dump market. BTC pumped to 42k from 20k without and correction. So if you are an expert then you can assume that at any point crypto would take a correction. Thats what happens here and BTC falls to 30k from the 40k price range. Now it's near 38k and holding its price there.

It depends on the duration of the chart you are using at the moment. Bitcoin indeed runs sideways in a certain time period. If you are trading for long term, You should use long time interval like days and weeks, at that graph, it really shows that Bitcoin is not moving sideways but if you are viewing chart for shorter time interval, You will notice that Bitcoin always run sideways.

so far Bitcoin hasn't touched $ 30k back...
even if it does touch, it's just a market correction. Market corrections are a natural thing for an asset, not just crypto, the way all assets work is that, and market corrections are common.

That is a very dangerous assumption that you are making, all markets run sideways from time to time, in fact the majority of the markets remain in that state for way longer than the amount of time that they spent trending, and while bitcoin is trending for a longer period of time not only due to its volatile nature but also because it is relatively new compared to all of those other markets, eventually bitcoin is going to follow the same rules because those apply to all markets regardless of how innovative they could be.

Yes it is because we can’t go to the peak without experiencing any corrections and that Bitcoin dump is expected to happen any time from now. We have to accept this fact and we should always have our stop loss price so we don’t get burn totally. If bitcoin goes down on that price level again, just buy more.

Yes, the market is dangerous because the price growth has recently been too high. Another question is if the exchange rate price is delayed for at least a few months, it can help to stabilize the situation. The bitcoin market is a young market relative to other traditional markets so rules and trends may not work in the usual way. However, if the price recently soars to the level of 50 thousand, then we should expect a big correction.

There's no need to panic if Bitcoin drops to $ 30,000. Because after a long bull run it hit a price above $ 40,000. Indeed there will be a correction
and this is necessary, so that the increase in the Bitcoin price is healthy and can go up even higher. Because the results of my analysis also conclude
that Bitcoin does need correction first, to reach the next target which is Bitcoin in the near future will rise to the price of $ 50,000. So take advantage of
the opportunity now to be able to buy Bitcoin at a fairly cheap price.

Having that tool helps you to decide your place and your decision-making, it's a nature inside this market that Bitcoin will experienced corrections, though it's hard to expect the correct timeframe.

But you need to draw the line to have a healthier investment, drop in price if you do have some knowledge will be your friend to get into  a profitable place, it takes time to learn more about how to have a much clearer understanding but most of the time it's more on personal experienced to adopt and anticipate your decisions.

The downturn is healthy for the market, but if asked should it be at the $ 30k point ?? I do not think so.
I personally think with such high volatility right now there will be panic if it reaches $ 30k.
but what is called a high risk investment we must be clever in addressing this situation ..

Is actually quite funny when I see newbies getting worried about the price going back to 30,000 and think about this as a disaster when just a few months ago the price of bitcoin was much lower, it seems as if they do not have any kind of historic awareness, it seems they can only remember what the price was a week ago, maybe this is because many of them choose to become day traders and the time frame they use limits the opportunity they have to actually think about all the progress that we have made during the last months.

It's due to people, especially newbies, think that Bitcoin is a get-rich-quick scheme. Most of them, believe that investing what they would call, a large sum of money, usually no more than $200-$600, would easily turn into a double or triple profit, in a matter of a few weeks at most.

It's extremely frequent, especially after Bitcoin is getting featured everywhere, the same thing happened back in 2017, when it reached $20.000. The market was flooded with newbie investors, some of which probably lost some of their funds later on.

I very much hope that the situation in the cryptocurrency market will change for the better. I believe that what we are seeing in the cryptocurrency market today is due to the statement of the US Treasury Secretary, who stated that cryptocurrencies are mainly used for illegal activities and urged regulatory authorities to start checking and preventing all possible channels for money laundering. It is because of this that the cryptocurrency market has lost about $ 10 billion.

The Bitcoin has become one of the largest financial service market with the total market capitalisation crossing $500 billion above along with Visa cards and the prices have increased drastically this year with 300% growth 💹 reaching $35000 and now there is correction in the market with price drop which is good because there is stability in prices now and they have not gone to dump situation this time.The volatility is key factor of Bitcoin and we need to worry about it and have patience and hodl our coins till prices surges again.The whales and other participants in the market try to create FUD which leads to price fall for making huge profits as they buy at the dips and sell at high prices.So avoid all unnecessary news which try to create panic situation in the market and relax because btc has a lot of potential to grow and become leading currency of digitalization.

TA perspective - yes, because we went really far from the SMA. Every time an asset does something like this, it opens itself to a possible correction to the trend line.
Common sense -yes, because people will always want to take some profit at what they see as the top. The higher you go in a short time the more people want to take profit.

When the price of bitcoin falls it is likely that FUD is being created. Large investors are the ones who have benefited the most. Today's investors think of bitcoin as a long-term investment. Only minor investors expect short-term gains.

I think we should keep calm and wait. Bitcoin is now an important asset for investment firms so it will take a while to find out the outcome of those investments.

Its healthy for technical analysis purposes, but for buyers which already buy bitcoin when its on top its not healthy for them. What we expect from the price drop is many investors could accumulate more bitcoin to keep the price solid, so we can move higher without any doubt. Just lets see what happen next after the price drop.

For me I think we are done with the bull run, although it’s hard for some people to always accept the truth on here, but that’s it. Some of them will keep telling you that it is not over yet and the price will still move from here to 50k, cause I have seen some of them that are still predicting higher prices while market has been slowly declining.

This is a bear market that we are slowly sliding into, the bull run is over, the price has been corrected and it will now go down and we are yet to know how low it will go. We will just wait till the end of the year and see, and then we can start looking forward to another bull, though there will continue to be some slight bulls from here.

Can’t say if it’s healthy or not because the market is very unpredictable these days. Even technical analysts cannot promise that their predictions are going to happen. Always expect that these predictions or opinions are not going to be accurate of not what we have been expecting.

And I just saw a joke on Twitter, “Joe Biden signed an executive order that it’s illegal for Bitcoin to drop below $30,000” lol haha!

Bitcoin is at 32k resistance for 2 days today.  There are big waves on the move, but I think institutions and retail outlets will keep bitcoin for their profit.  It would be better if bitcoin sustains 30k $ -32k to create a bounce to break 40k after the end of January. It will reach 60k $ -100k $ for this year if this trend continues to be supported.
Bitcoin's volatility as it stabilizes is natural compared to how fast it moves.  this is necessary.

Definitely, the price drop below $30k is a healthy sign for the crypto market because the dip is important for BTC if it wants to retain the bullish momentum. The price might slide further down to $25k to make a solid base for another strong bull run. There are chances that it might go past $50k in early 2022.

I don't know why everyone is so obsessed with the drop from $42K to $32K, while hardly anyone here mentions that before this happened there was a rally from $10,000 to $42,000. With any asset, be it cryptocurrency, equity or bullion, if there is a rally which cause an increase in the price by 3x or 4x, we can expect a correction to follow. What is happening now is the expected correction. Once the prices stabilize, the next rally will start.

I have seen many ups and downs to happen on the market .Recently it has crossed its past ATH level and went more up above to 40k$ .Its normal behave of the market to get a downfall .Its still making a correction as i think .We are still at the strong uptrend position and at the moment we are around 32k$ so that i think this area is more stable so that we can see more uptrend in near future .

I think it is still safe and it is a correction to be able to Bitcoin in a higher position. We know that in 2020 bitcoin could be under $ 10k but the reality is that now bitcoin can go higher than $ 20k which is a staggering 100% increase for bitcoin. so why worry if bitcoin is under $ 30k once again I say it's just a correction

There are plenty of analysts out there and you will believe ones you trust at the end of the day.
We face chaotic times when no one actually know what is going on and where we're heading to, just place your own bet

There is a lot of rumour that if the bitcoin drop to 32-30k there is a chance it will directly going down still there are a lot of coins will dominate soon its too early to say that's already downfall if the bitcoin can resist and catch up again to 35k USD there is a chance we will see another pump of the bitcoin the same with the altcoins will this is common that it will follow the market price of the bitcoin.


Please explain and elaborate your answer to why it becomes a big problem, this is just a way to clarify all things not only to the OP but also to another member, I just trying to help you to become a quality poster and not spamming a one-line thread, still your choice. Goodluck.

He may not say anything substantial about it. Crypto is a "smaller" issue that cabinet members, even maybe congress or senate could talk about at most, but probably FCC and SEC will talk about it and not that bigger heads would talk about it. Even if he makes a decision to talk about it in the future, he is not going to make a decision about it and talk about how it is good or bad or anything like that, he would probably make a statement that would be about how there should be more regulations over crypto so that people who want to use it for bad stuff wouldn't be able to use it.

However all those people that talk about "crypto is used for bad things" do not realize that there were bad people before 2008 and bitcoin was ever created, pablo escobar made over 25 billion dollars all in cash stored in some storage room and it would be weird to think crypto allowed these bad people when in fact fiat has been doing it for thousands of years.

Perhaps it was base on technical analysis. But we have seen the the price really drop to $30k and for obviously reasons, traders are selling and taking profits. Healthy? could be because if gives us the opportunity to purchase bitcoin at a cheap price. Necessary? well it depends, if the price is really on the overbought region then an imminent market correction is needed to bring fresh investors in the market.

If it is investment concerns then that would be good. But given how unpredictable the market is, it is just hard to tell. What if same thing happens with this one? I mean, what if it again takes more than a year or more, for its price to again increase? Will it still be a good thing? It is easy to say that investing and holding would be an advantage but not all people will be able to resist with the losses if ever the market price will continue falling. We may only anticipate but that's won't dictate the market price so I guess it will again be a guessing game to when will the market be at peak, in terms of the market value.

From time to time, bitcoin will also have such withdrawals, dips, spikes and corrections. I think this is a very normal situation. If there's one thing I know, it always pays off in the long run. So just hodl on :)

Bear market or not, this market dipping is enough and necessary to cleanse out the system. It is also a much needed feature that would allow newcomers to get a taste of that bitcoin supremacy. So it is definitely necessary regardless even if this is bear market, spike, or dip we are having right now

As we speak now, Bitcoin had really gain momentum to dominate in the market world. With observation, bitcoin is strengthening to grow  higher beyond our expectations.

Even if Bitcoin declines, its role as an asset reserve still exists, and a short-term decline may attract more people to join in. I personally think it is not a bad thing.

From a theoretical point of view, no matter how much the price of bitcoin rises or falls, it is healthy, but it needs to be reminded that whether you buy or sell when the price falls, you must pay attention to the risks of bitcoin.

That is the place I am stuck with as well. It is cool to be able to buy cheaper, 40k+ was a lot and people were scared when it would fall and many said if it got cheaper they would buy more as well, and here we are the price is cheaper but I do not see a huge rush to buy right now, if there was one the price wouldn't stay lower this long, with a huge rush to buy the price would have gone up.

It wasn't really necessary neither, it was actually doing nice over 32k+ and never falling to 30k, and at around 35k or so we were a lot more comfortable, is it lower than 40k+? Yes it is, in fact 5-6k lower, and it is also doing nice with no major fall as well, so I would say around 35k was the proper fall.

Now with 30-32k range I feel like, yeah cool I can buy cheaper, I have bought cheaper, if it can hang out until first of the month I will get my payment and I can buy more from here, but my god do I worry about it, it is a bit scary as well, not changing my system but still scared now to do the same thing.

Yes, market movement realistically is always a high followed by a minor low or vice versa. If the market is only moving up and not coming down then it might be because someone is manipulating the prices which is never a good sight for the investors. Look at some of the altcoins how they are pumped and then a massive drop will happen, with Bitcoins the rise is followed by a small drop which is obviously correction and hence shows that the market is healthy and not being manipulated. Its not easy to manipulate such a big market anyways though.

People who are worried at 30k should remind themselves how they panicked when the price dropped to 3k last year and how it recovered. There is never a good feeling when the price drops but all you need to do is understand that corrections are as important and regular as bull and bear runs.

Are you sure about that?

What if the price went to 5000 USD in a flash crash. THis would not be healthy. It would show lack of buying pressure, possible manipulation of the market, some kind of conspiracy against Bitcoin. It would discourage investors.

30 thousand is healthy but we went below that level today. If it keeps going like that it will turn from bull market healthy into a bear market unhealthy :D

I know what you are talking about but it is not completely their fault, most people do not know anything about investing and as such they will never take any chance to invest in any market, which begs the question why they come to this market? And the Internet is full of ads that say that you can earn a fortune with cryptocurrencies in a very short amount of time, when they read this they come to this market thinking they can make a lot of money only to be disappointed that things do not work like that.

It depends more on how it drops, we have seen it dump gradually without much effect on altcoins. More so, we have seen several retest on ATH before the gradual plummet. The dump does not affect stable coin, so the market can handle for the next run.

The price of bitcoin is already holding at the level of 30 thousand dollars and I think that this price will hold for another month, or even several months. In the future, the price must necessarily rise, since all the prerequisites indicate the growth of bitcoin, more and more institutional investors are accepting bitcoin and investing their funds in it.

New people came hoping to earn some richest on bitcoin since someone influence them that they will possibly became millionaires if they invest on bitcoin since base on price history it always pump so hard which can possibly multiply their money in short year period.


It quite stabilize at that figure and I think we will hold that until next month so provably we cannot see some big changes due to some people are really afraid about huge pull back after bitcoin reach his peak. But actually people don't need to worry about that since the $30k is so healthy figures for bitcoins.

Agree, its really normal to have some corrections like this, just hope its wont hurt market so much and going dipper. I think we are gonna stable at 29k, bitcoin dominance down and let the altcoins season happen.

More correction the better, I believe the hype is over, people have already sold and take profit, not it's time to witness if how strong those who bought at the peak, if they will panic when seeing bitcoin will drop below $30k, then we will surely see a further dump.

We should not be surprise with this, it's been a trend for crypto than after a big push to create a new ATH, there's always a major correction waiting, and what we are see is not yet the major one, so let's be patient and trust bitcoin.

Let's hope, however, that the correction that has already taken place will be limited to the 30k area, especially since the Fed meeting announced that the rate will remain at the same level and continue the current monetary policy despite the change of the presidential administration in Washington. It is also thought that there is a possibility of a return in the near future of the price in the area of 35k.

Let's hope but we cannot assure that since we don't know how people can handle the pressure of holding while the market is playing at pulling back and pumping scheme, but for whales maybe they still intact on their belief that there are still good pumps will and hopefully we can see the price will reach to $35k  again since people will comeback alive and believe that bitcoin will not drop.

It's hard to say the stable barrier as there are always pressures that may take place along the way.

It's about own understanding and analysis that may give you a good position to take, you use those information which are available in the internet, those important factors can help everyone deciding which patterns to use or which strategy that will work accordingly to avoid big loses.

When people buy at ATH, they usually hold it till next ATH. This way we get more holders and bitcoin price gets support level.
Also when price fall after ATH, people start buying in the hope of making some profit during next ATH.

Experts believe correction of Bitcoin prices have started and will fall more below the current price. It is said the correction is necessary in order for future long term growth of Bitcoin but I think this is not healthy to those who bought it at $40K because the way to make money in market is to buy low and sell high.

It's part of the correction so I still see it as a healthy thing because it's necessary for the future growth of Bitcoin. It's also a good chance for those who are aiming to buy at a good price before. Bitcoin always needs a correction for its long run and any situation would be healthy as long as we know how to take advantage of it.

This depends on that holder.

The price won't always be breaking or creating another ATH every month or every week. That means that when they will be investing during the ATH, that means there is a high chance that it will go down. Some people selling or maybe a correction happened where they could buy or reinvest. Saying that, it means that falling down is just good as going up.

You can't make a decision based on "what ifs" because those would be always there, if you wait around that means you may end up losing out on big profits. When the price was only 10k, there were people that said "what if price goes back to 4k like in march?" as well, instead it went to 40k and those people who weren't sure about what would happen lost on a huge 4x return on their bitcoin investment.

This is why I think its crucially important that if you want to get in and be involved with bitcoin, you should do that without waiting. If the price falls after you get in, you could always try to acquire more, or you could wait around until it goes back up because it always does, but if you stay out you are going to lose out 100% guaranteed, if you get in at least you will have a chance to make a profit from it and that chance is the reason why people buy no matter what the price is.

Agree on this, it will always depend on the holder, if they bought bitcoin to early then already sold their bitcoins in the ATH, it's a pretty huge income and it doesn't matter for them if a correction occurs. It's still pretty healthy as we know that it might increase again in the next few days, it's obvious that it isn't the correction. But for those who are very late for the investment, it's not very healthy because it's a huge risk and you might lose a lot of money because of that.

Well, for me it is also a correction. The price right now is staying at $31K and I think it would go lower but I don't think it would be staying there for a long time. I think there will be a lot of investors that would take advantage of that low price to buy again. After that, we will be continuing the journey up to $50K or maybe higher.

In the last few months bitcoin price continued to increase and passed ATH to new ATH from 20K, 30K and up to the last 42K which I think is a tremendous increase.
and a decline of almost 20% in the last few days is a healthy correction and it is very scary if the price of bitcoin continues to rise so it needs a little decrease which I think is reasonable, and currently bitcoin price is 30K which in my opinion Opinion is still in a good position even though it has touched 28K and back to 30K.

This is relatively hard to answer but purely basing it on my experience, the drop is healthy as it remains and stays at $30,000.

In this bullish run, the increase on the price of bitcoin has set and has stabilized for the time being. I remember way back in 2018, its price remained consistent around $4,000-$5,000 in a month and it significantly increased on the last quarter of that year. Although basing the price PURELY on history may sound outrageous and without basis, I would still advice to keep your bitcoins for long-term.

And the increase in the price of btc from 0 to 30k is this normal? What difference does it make to you? A thousand more, a thousand less - you will still get your dollars, do not worry. As many people like to say, "BTC tomorrow will always cost more than yesterday". If you only care about the price of BTC and cryptocurrency in general , then do not worry, any price that you and everyone else are willing to pay for it is normal for it.

I don’t know about this, sometimes those predictions are just people trying to be positive at times like this and they just start to speculate, and it doesn’t mean that it’s going to be as they have said.

The price is struggling at that $30 thousand price and might soon be slipping into the $20 thousand level. It is not like we didn’t know this was going to happen, we all aware of such , but most of us hardly accept it, we just want the price to increase without a fall, despite we are aware how volatile it can be. Me too, I would want the price to keep growing, but it can’t be like that.

I wouldn't say right now the is the best time to buy BTC because if you ask me, the price is way higher than what it should normally be and maybe it would be a wise idea to wait for the market to settle down further before buying more. But there is a chance that the price doesn't drop anymore and another bullrun starts so don't take my advice and if anything I have learned from this crypto market, it is that no one knows what will happen next.

Unless it drops below 20k there is no need to sweat because lets face it, the price has almost doubled the previous all-time high and if it settles down around 25-30k its absolutely fine.

Agree, but i think the peak buyer now its a bit stronger than before.
At least, we dont see any big drop near this and i hope its not happen too.

Healthy because this allows many other new entrants to join at low price but it is not at all necessary.
We need more price stability in BTC, this quick fall and rise is not good for global adoption.

It was really scary to see bitcoin go down that quickly, it will never be easy to watch your money drop and drop while you do nothing about it. That is also why I understand the panic sellers as well, because it is something to panic about for sure without a doubt, but if you do not do it you can make a profit.

Look at all the big names that keep holding no matter what, people with 10k+ bitcoins will hold as much as they want until they want to just get out and do something else with their money, those people do end up making a huge amount of profit because they are capable of waiting around, they are not small investors that gets scared of every move, they are people who could lose 50% if it comes to that and they would still hold, those kinds of people do make a decent amount of return because of that ability. Act as if you are a rich person who can wait, and you will profit, if not then those drops could be scary.

A high rise in the price of a cryptocurrency, as a rule, entails a sharp drop in its price after a while. Bitcoin has reached an unprecedented price and dropped to the current over $ 33,000 and this is very normal for him and the participants in this market. In this case, we can be sure that there will be no shock drop in its price. It will be good if it consolidates and after a while continues to grow at a moderate pace. However, if even for some time we do not see its growth, it is possible that altcoins will begin to grow in price. Therefore, the current state of the market is in any case pretty good in terms of its further price growth.

It will stay longer than you imagine, maybe we will stay in $30k for another month if  there is nothing bad happen during this hype and how the market is going on. The only fear that I don't want to see is that the panic of 2018 where the price was really dumped hard to the ground and it stayed at 4 digits more than 2 years. Just see more information about this.

This is not true at all, when people buy at the ATH most of the time they do it because of FOMO and because they want fast profits and for the most part when they do not get what they want they either get scared or they keep holding for some time thinking that things are going to go back to normal and instead they keep holding during the whole duration of the crash and they lose their money because of this, and we have a very clear example of this with what happened during 2017.

But we haven't seen it drop more than $28k. Within a range of month and we're closing it to the 2nd month, the market is doing good. There will be sets of corrections in the future and we just have the recent ones for the past weeks and I can say that it's just a very healthy correction.
Prices during those corrections were still acceptable.

Those people who bought at high prices are willing to wait a lot more this time around because they have seen what happened with the 2017 and 2018 and following years. I understand that before 2017 there were many ups and downs, I have seen them myself, but we never really got people in the numbers we had in 2017, that was the first time bitcoin became a huge worldwide phenom and that is when most people came to bitcoin. What happened? It peaked at 20k and went down as much as 3.5k and people assumed it was dead.

So, why do people are more willing to wait this time around? Simply because after it went down that much, price peaked at 41k recently, which means if you do not sell and wait you could make a profit, even if the price goes from 20k to 4k that means it could go to 40k as well, and same goes for now as well, even if it falls now, it will go over 40k too, that is why people are willing to wait.

I too have great believe about bitcoin to be a deflationary currency but the price thing do not work the way you think.after all time high, anything can happen, and what will most likely happen is decrease of bitcoin price which is called correction, correction makes price movement healthy, and after long period again, the price of bitcoin will increase than the all time high, but it can take time for this while some wiser people will make stable coin as their safe haven during bitcoin price decrease and wait for the next pump.

In general, the normal market by default assumes some element of uncertainty, that is, to put it differently, it is part of the rules of the game  ;) And a really good enough option was a correction to the area of 30,000, and not below. I agree that due to the ongoing pandemic and, accordingly, the continued pumping of money into the economy by state governments, there are the worst hopes for the continuation of the bullish trend.

We will know it's a correction if it rises above its current prices. Since nobody can predict when the bears are going to take over, it's definitely safe to have good risk management (if you are trading) and accumulates more (if you're a HODLer). Remember that there's always going to a stop to a trend; whether this bull trend will end or not, it's not going to be forever for sure. It's better to focus on the bigger picture or the long-term part, as they say, with every investment. Just be patient and plan.

Bitcoin prices wherever rises in a quick way poses a threat of major fall later and is more drastic than the rise. But from last few weeks seems that bitcoin is in a range bound and moving in that zone only which means more or less stable in that range so currently to me does not look we are reaching to that 30k for now.

That was a pretty good analysis, after being around the 40,000 USD mark BTC actually dropped down to close below 30,000 USD. I think this drop was needed to show investors that the price is not only pure short term trading and can sustain such high levels in the future. At the moment we are at 37,000 USD again and back on track to reach the 40,000 USD.

Very close to $40k now, 24 hours high per Binance exchange is $38,110 (https://www.binance.com/en/trade/BTC_USDT).. Soon a $40k will show up as when bitcoin is bullish, people would ride it, and that's what I'm seeing now.

As per the TA or Technical Analysis, bitcoin might reach 40,000USD again maybe starting next week but we cannot erase the fact that every Chinese New Year of their  Dragan Festival correct me if I'm wrong the price of the coin fluctuates prior to that date, so I think we can see new patterns starting this Monday so I think it is very crucial for us to buy bitcoin right now, or you may buy of course I will not stop you but manage your risk.

The price is getting closer to that level, lets see if the bulls have the strength to beat the bears this time around and allow the price of bitcoin to remain above 40k, but just as bull are gathering strength the same is true for the bears they have finally found a price at which they can resist the bulls and this means that I expect a battle at this level that will last for weeks before we get an answer about which side will be the winner, but if the bulls happen to win this I really expect a massive growth and reach a price above 75k.

From my research and experience I think Bitcoin price dropping to $30k is just a retrace which is normal and healthy, but if bitcoin price drop below $30k I think that's bad and we should be expecting dump in very soon but since is around $30k upward that's very healthy and we should be expecting massive pump.
Currently I believe bitcoin price is still very low but lots of people are still scared that the price of bitcoin is too high but from my research and observation bitcoin price is still very low to enter. You can buy as much as possible of bitcoin you can hold for now because I don't think you will see bitcoin price in this range again so buy as much as you can hold and leave it for few months and see what will happen buy them, lot's of people are beginning to adopt bitcoin and lot's of organizations are beginning to adopt bitcoin must of companies are beginning to adopt bitcoin as their payments method and that's why you won't see bitcoin price very low like this in the nearest future.

Absolutely yes. If you take a look in Forex trading, Stock trading you can see there is no pumping regularly. After a big pump, there is a little dump to correct it. And also we have to remember in Trading we are getting money as profit from someone else lost. So This should happen to the long life of the market structure. And when talking about dropping to the 30000 levels, That's good and we have Identified that that level act as a stronger support level. Maybe once or twice BTC price will retest that level and then have a big pump to 50K.

There is no such thing of continue upward the market will perform a correction of the price. That's true it determined also the support and if we can observe the market from the previous years it happens bitcoin price may sudden drops and may increase. So this is normal and I think this year is a good year for bitcoin price will touch more than 40k or more than 50k.

In this crypto world, anything can happen.We should never think that the unthinkable can't happen. It can even come down to $20k or even below. We all witness the recent ups and downs in the whole world economic issues. And little facto like this can have a drastic effect on anything which crypto is not an exemption. Let's take a good look at gold and dollars of 50, 60 years ago. Can we say it's s the same with the present situation with gold in particular. The new development in tech has affect lot of things and I do not see crypto scaling through this in coming years. But let us all be prepared sober won't be surprised when it happens.

We are already playing on 40k price but it didn't still able to break out this resistance and we are still staying and hopefully we would able to see 45k-50k.

When we do talk about correction for bitcoin to drop on 30k asking to be healthy? Depending on where we did start to drop but on the current price then I can still consider to be on the good side
or normal.

We cant just expect for the market to have continuous rise.There would be always a correction because if it doesn't then it cant be considered one.

And that is just a correction, bitcoin and other alt coins oftentimes have this it's normal because of this correction we can determine the price whether it will touch the support price or will break the resistance after all. Bitcoin in the last 24H decreases 0.25% in usdt pair, and from what I am see in 4H and 15m chart it shows uptrend or pump and there's a big support @37,000 I think it will not go deeper this day or this week there's a probability that 42,000 may come in this week or month like what other have said.

Right now it can be taken in the either way, because people will have trust of growth to happen again. Based on that we can see more risk takers buying at a higher price. If there is no growth happened over the days, then the there'll be fear among the common users whether to buy or not. Now the market is supportive for the buying and I find price drop to $30k is healthy.

Already @ 44,000 breaking another ATH and with how things are working inside the market it keeps gaining more attractions, investors keeps coming and buying even at the highest price.

With Tesla/Musk hypes there are more expected institutional investors to come and join this investment, though we can still see corrections but with the support barrier 30,000 is more likely far being hit again, if this hypes continue maybe this month it can reach upto 50,000 or more than that.

It will be interesting to see what kind of momentum will be given by the publication of the news about Tesla's purchase of bitcoins and to what levels the growth will occur. I will also not be surprised if the market soon overcomes the level of 50 thousand dollars. I can say even more that I am rather surprised that this happened earlier ;) I do not think that this purchase will break the dam of distrust and the market will be flooded with new large investors, but I think that some will still push to enter the market.

Right now that price value of Bitcoin was 47300 something if I am not mistaken. So, I think the analyst you've mentioned
in the above was wrong. This is one of the reason why Bitcoin spike its price in the market. The more speculation they have here
about it, is the more things not to happen due to the market was really unpredictable, isn't that right?

Lots of speculation that had been put up to trash cans yet bitcoin did really past off those levels that everyone had bee speculating.We didnt really expect for it to rise up this high.

Any drops or correction can be considered healthy but people do give out meaning when they do saw on how fast the decline would be which it will really be put up into that
certain extent of possible manipulation.

As an investor of this market then its better to be prepared on possible price decrease into this market because it is really high likely to happen.
Secure profits while you can.

That's the right attitude towards this market.

Bank the money that you can secure while you are playing against fomo's and fuds, there are many opportunities if you know how to handle both greed and fear. From those speculations it's you who will decide where to place your investment and when to pull it out. Better to engaged yourself more deeper to analyze everything favoring your end.

Based on recent increments it's obvious that bitcoin will increase every three months interval and I have seem that before 2024 bitcoin will  reachl eighty thousand 80 k, because these year the rapid growth of bitcoin was surprising it started from 17k to 19k even when it get up to 40k people mind set is that bitcoin will fall back to 20k so correctly bitcoin is in 46k.

I think it is not sure, bitcoin price should not be based on months, you should based on the charts and volume of it in the market. I know that it is understandable if bitcoin may dump or have a dip after this long rally to above $40000, it is normal, so I think bitcoin will have the correction next month and it will go lower up to $30,000 and then after that it will have a swing before it will go higher again, economy in each country is rising people have their money they will invest in bitcoin once they got the right time.

It all depends on what levels the market will fall to. Let's say if it falls to one thousand dollars, and then grows to ten thousand dollars, then you can hear the joyful comments of all sorts of experts that bitcoin has experienced a powerful leap and has risen ten times. At least I hear something similar when some try to compare with the level that was at the beginning of last year ;)

In January, a drop in the price of Bitcoin to $ 30,000 would be quite normal. From the point of view of its current price of more than $ 55,000, this is no longer normal, but not fatal either. Most likely, Bitcoin will still fall to the price of $ 30,000 and, possibly, more than once. This is the nature of cryptocurrency, it has very high price volatility.

Knowing crypto and bitcoin, everything is normal.

Let's use the past as a basis to convince ourselves, bitcoin hit almost $20k as its ATH in 2017, in 2018 it dump to $3000+, we panic and thought end of bitcoin already, but it didn't last long, it dump but slowly recovers and it resulted it was just an opportunity given for us.

Rise and fall are the normal nature of the market but each year is a new result and rewritten by different scenarios, will you really consider the opportunity to buy back when bitcoin drops to 30k$ or not? The crypto market has such high volatility and unlimited devaluation moments, you cannot use past data to convince us that this is a normal story, the price of bitcoin was not the price of 2017, sometimes this can be a new scenario, instead of maintaining the old thinking, investors need to see the new nature of the market, the data will allow us to explain these unusual issues.

Yeah, it's just a cycle and we know that it'll show a huge comeback.

Now that the current ath of btc is $61,556.59, $30k USD is pretty normal as we know that correction will occur in the future. Don't panic, chances and opportunities are always given every year and we should invest our money wisely.

When it is high and we have reached a new ATH again, now the price is below the ATH a little bit so we have to be ready for a correction that will occur in the future, I think it will not be long for a while like before, which often happens, bearishness will not just come , we see this cycle is quite good and one of them is with a fairly stable market so at under $ 40k it would be normal as the current bubble will not be strong enough to continue.
I think with my own speculation that bitcoin will continue to grow quite well, so what you say by investing is indeed the best and wise thing to do from now on.

A correction that brought Bitcoin down to $ 45,000 is perfectly acceptable. But if you take into account the fact that Bitcoin will be able to go down then $ 30,000, then again you need to expect the largest collapse of the cryptocurrency market in its history, because all the big capital that entered the cryptocurrency market at the end of 2020 and at the beginning of 2021 will not want to lose their money and immediately sell everything that they bought. One can only guess what kind of reaction this will cause in the cryptocurrency market. But I am sure that the owners of large investment portfolios will protect their assets by all available means and, perhaps, we will never see 30 k. at the same time, there is no need to give the example of 2017, since the situation is completely different and the cryptocurrency market is already much stable.

There are a lot of speculations analysts make. You should, however, know that many of these speculations are wrong. This is because no one knows for certain what and what will happen to bitcoin. You should know that what controls the market is actually the law of demand and supply. This means that the market is controlled by those who buy and sell. This then means that if the price of bitcoin would come down to $30k, it would be determined by the buyers and sellers and not some speculators.
I am not saying it is impossible for the price to go that low, I am only saying you shouldn't base your judgement on some speculations by some analysts

$60k to 30k drop or simply 50%? Actually the market could really give out this kind of crash but of course that would really be corresponding with some negative sentiment
or new or events that do happen in the market.Im not saying it is just healthy but these kind of price crash does indicate something wrong.If we cant see any possible
reasons after that event then you would really have those kind of doubts which you can tell that it is way too manipulative.So when you do deal into this market then
be sure that you are ready with the possibilities because it can really happen even people do day that it is impossible.

Those who have been engaged in bitcoin for a long time or at least from time to time are interested in it will not be surprised by such a scenario, because the events that took place in the market in the past years have already accustomed players to taking into account the most diverse and incredible scenarios of development. Negative aspects are always present in any phenomenon and this cannot be avoided, but in the bitcoin market, such moments can lead to disastrous consequences for the exchange rate due to the relative youth and immaturity of the market in relation to other traditional market sectors.

such scenario is not impossible to happen but we need to look at the current situation of the bitcoin market. this year is different when it comes to adoption from financial institutions and top companies. drop to 30k as you said, means something is wrong with the market, and that entails news that has high impact in btc market. analysts can say what they want. but they can't accurately predict the market.
they are just ordinary people and are just giving their own speculations. and it doesn't mean it will really happen.

As an investors I am waiting for this because I want to buy more bitcoin. Bitcoin still need more mass adoption so the price of it can be little bit more stable. I think the volatility of bitcoin price is an attractive thing for investors because they can get profit from it. For a currency, volatility is not good condition but for investment it provide bigger chance for investors. I can't 100% agree with that analyst's statement.