Is Bitcoin's price drop to 30K healthy?

[nokabi4132]

Yeah it was very healthy. High volatility means uncertainty and uncertainty kills financial instruments. So bitcoin's pull to 30000 was healthy because it came after its raise to 40000 so quickly. Meanwhile I personally believe 30000 was just correction and bull run is still not over. It is hard to find entry point in these prices but Bitcoin is still BUY and HOLD for me.

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.

[newwest]

Yeah it was very healthy. High volatility means uncertainty and uncertainty kills financial instruments. So bitcoin's pull to 30000 was healthy because it came after its raise to 40000 so quickly. Meanwhile I personally believe 30000 was just correction and bull run is still not over. It is hard to find entry point in these prices but Bitcoin is still BUY and HOLD for me.

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.

[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’

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.

[Questat]

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’

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.

[molsewid]

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.

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.

[South Park]

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.

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.

[Issa56]

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.

[raji1995naya]

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’

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.

[Inkdatar]

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’

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.

[konflikkastil]

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.

[Lanatsa]

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’

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.

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.

[molsewid]

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.

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.

[romero121]

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.

[Fredomago]

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.

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.

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.

[AndySt]

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.

[kram31]

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’

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?

[Oilacris]

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’

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.

[Pamadar]

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’

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.

[GeorgeJohn]

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.

[molsewid]

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.