Is Bitcoin's price drop to 30K healthy?

[Fredomago]

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.

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.

[inanilujimi]

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 ..

[South Park]

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.

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.

[Ultegra134]

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.

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.

[wxxyrqa]

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.

[worle1bm]

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’

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.

[coolcoinz]

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.

[verita1]

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.

[Flowzer]

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.

[pokeronlinestatus]

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’

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.

[cheezcarls]

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’

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!

[777Jolami]

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.

[jasonjm]

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.

[bryant.coleman]

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.

[sarmrakib]

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 .

[RondoAnyar]

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

[ADLANE33]

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 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

[Peanutswar]

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.

I don not think it has too big problem

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.

[tbterryboy]

It is possible that in the near future we will see Biden's official statements regarding the cryptocurrency. After all, it is interesting what the US president will say on this matter. There were many examples from mass media sources of how Biden's associates used cryptocurrencies to fight Trump. Based on this, I believe Biden should not impede the development of what, to some extent, helped him achieve good results.

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.

[cryptomaniac_xxx]

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 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

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.