Is Bitcoin's price drop to 30K healthy?

[pixie85]

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.

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.

[FlightyPouch]

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.

[Congyang]

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 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

[TastyChillySauce00]

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.

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.

[Fredomago]

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.

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.

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.

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 .

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.

[larus]

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

[error08]

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.

[samputin]

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.

[Adamini]

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

[Smartprofit]

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.

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.

[Freeesta]

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.

[imstillthebest]

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.

If bitcoin would able to go down even deeper than 30k and that could be a disaster

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 .

. 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.

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

[gabbie2010]

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.

[istiak2277]

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’

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.

[Beparanf]

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’

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.

[Renampun]

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’

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.

[South Park]

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’

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.

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.

[crzy]

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 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.

[AndySt]

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’

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.

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, 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.

[MCobian]

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.