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Question: Are you worried about correction from $30K?
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Author Topic: Correction from $30K: Reason to worry?  (Read 1057 times)
yohananaomi
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June 22, 2023, 03:26:01 AM
 #161

IF Bitcoin goes down to $15k or $16k again it will cause a panic sell for retail, but for whales and companies I'm sure they will buy,
it will be like 2020 before bitcoin to new ath bitcoin has plunged at $ 6000, that's why we also have to know how the market reacts.

If that happens it means there was a big crash that sent the price down in the $15-$16k range, and maybe it's true that it could be whales and companies to pile on while the market is in a huge downturn, but to be honest it's now over $20k and under $30k we think this is still in the Bitcoin zone where the price is lower than before the correction that occurred some time ago.

If that happens it means there was a big crash that sent the price down in the $15-$16k range,
and maybe it's true that it could be whales and companies to pile on while the market is in a huge downturn,
but to be honest it's now over $20k and under $30k we think this is still in the Bitcoin zone where the price is lower than before the correction that occurred some time ago.


I think the normal thing to happen is if it's going to drop below $15K, of course this could be the momentum where the opportunity for bitcoin to prepare itself increases afterwards.
bitcoin will continue to do things that are hard to predict when the market hasn't really recovered, so if it is going to drop to the current situation where the halving era hasn't arrived yet is a normal situation. believing that there won't be a big crash if the price corrects is precisely the right time to keep buying and holding until the bull market comes.

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Lubang Bawah
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June 24, 2023, 01:41:45 PM
 #162

Frequent market corrections certainly give us the opportunity to buy more at a low price, as happened last week when the $24k price certainly made many regret not buying when the price was low, and I'm sure if we don't buy now at the price $30k then we will regret it when the price reaches $40k or more next July.



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June 27, 2023, 06:52:33 PM
 #163

Have now locked this poll and topic as Bitcoin has since recovered and returned to >$30K, so based on the original topic, the poll and discussion no longer remains relevant.

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