Is Bitcoin's price drop to 30K healthy?

[shoreno]

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

[AniviaBtc]

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.

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.

[Tstar]

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’

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.  

[teosanru]

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’

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.

[CryptoLogo]

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.

[wxa7115]

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’

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.

[Shasha80]

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.

[ticoti]

Sure it is

[Kong Hey Pakboy]

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.

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.

[Smartprofit]

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’

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.

[raidarksword]

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.

[LogitechMouse]

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’

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.

[Mauser]

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’

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.

[Zackgeno96]

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.

[Question123]

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.

[ice18]

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.  

[Fatunad]

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’

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.

[dimonstration]

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.  

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.

[Tamim121]

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’

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.

[Tahsin Kabir Kollol]

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.