Correction from $30K: Reason to worry?

[DiMarxist]

Bitcoin is is now going step-by-step, running to bullish,the price of bitcoin always goes up and down. Prices are expected to rise, and long-term investors will yield the good returns of the price. Even  today you can see that the price was $27k and moved to$28k the market is moving positively and back again to $ 29k today, I am optimistic that this week the price may reach $ 30k again. Bitcoin has the internal force of being always ready to rise again at any time.Because bitcoin is not in any restrictive no framework for that, so don't doubt or fear Bitcoin will not rising again, keep buying don't doubt.Bitcoins follow the policy of demand and supply. No need to worry.

[Sir Legend]

I'm not worried about the current market conditions because I'm focused on long term hold, I bought bitcoin in 2021 when the price was expensive which is above $40k, until now I've only sold 2 times for around 30%, if the current bitcoin price is around $28k of course I'm going to lose and better be patient while waiting for price to pass ATH ever.

[btc_angela]

Bitcoin is is now going step-by-step, running to bullish,the price of bitcoin always goes up and down. Prices are expected to rise, and long-term investors will yield the good returns of the price. Even  today you can see that the price was $27k and moved to$28k the market is moving positively and back again to $ 29k today, I am optimistic that this week the price may reach $ 30k again. Bitcoin has the internal force of being always ready to rise again at any time.Because bitcoin is not in any restrictive no framework for that, so don't doubt or fear Bitcoin will not rising again, keep buying don't doubt.Bitcoins follow the policy of demand and supply. No need to worry.

I guess the bulls is still in control of the market, very volatile but then again, reclaiming $28k-$29k right now is a good sign specially for long term investors. For short term traders though, it might be hard to take advantage of the situation right now. Yes, it's volatile, but the pull back and jump is not that big though to be able to get a good profits.

Nevertheless, still a good start at this month, and I will not be surprised if we can also reclaim back that $30k and then stay at the price range for the duration of the month. And then making a break out run to $32k or another big dump, worst price I can see is $25k. So let's see how it goes, again, gonna be fun what May could bring to us.

[yohananaomi]

I'm not worried about the current market conditions because I'm focused on long term hold, I bought bitcoin in 2021 when the price was expensive which is above $40k, until now I've only sold 2 times for around 30%, if the current bitcoin price is around $28k of course I'm going to lose and better be patient while waiting for price to pass ATH ever.

totally agree, you have done your best by buying btc and holding it, even though the price when buying is higher than now, but btc will be able to reach a renewed ATH after the halving period has passed. holding btc really takes patience so that what you want can be achieved because btc is indeed better for long-term investments, although it is possible that it can also be done for the short term, it will be just as profitable if you keep watching every movement. congratulations you just need to be patient at this time that next year has entered the halving period.

[Paul Pogba]

When the price rises too high, many people will sell because they feel they have made a big profit, the current price is around $ 26k and March is the highest price record because the price reaches over $ 30k, and when the price is low like this, the best thing is to buy more, don't miss this limited and short opportunity.

[carlfebz2]

I'm not worried about the current market conditions because I'm focused on long term hold, I bought bitcoin in 2021 when the price was expensive which is above $40k, until now I've only sold 2 times for around 30%, if the current bitcoin price is around $28k of course I'm going to lose and better be patient while waiting for price to pass ATH ever.

totally agree, you have done your best by buying btc and holding it, even though the price when buying is higher than now, but btc will be able to reach a renewed ATH after the halving period has passed. holding btc really takes patience so that what you want can be achieved because btc is indeed better for long-term investments, although it is possible that it can also be done for the short term, it will be just as profitable if you keep watching every movement. congratulations you just need to be patient at this time that next year has entered the halving period.

You could always have the option on making DCA if you've been able to buy on the higher price but the price keeps on going down.Well it isnt something that could be avoided for you not to worry considering that

your portfolio is really having those deep reds but if you do have that kind of trust into Bitcoin and really that confident just because you are investing on the amount that you can afford to lose then you wont really be having these kind of emotions and feelings on which you would really just simply tending to accumulate it while its still cheap. We know that this market does have its ups and downs on which it would really be normal that there would really be times or moments on which its price is really something like this. Yes, we do able to touch up 30k but it didnt really last that long on which it would really be just that normal
that we do have corrections and dumps.

Thing here is that you've been aware on how this market behaves or works because if you do find yourself that wont be able to handle out this volatileness then i could say that this market isnt really for you.

[Republikcoin.com]

When the price rises too high, many people will sell because they feel they have made a big profit, the current price is around $ 26k and March is the highest price record because the price reaches over $ 30k, and when the price is low like this, the best thing is to buy more, don't miss this limited and short opportunity.

It is natural that many people sell at high prices to take profits because that is the initial target of many people after buying at low prices. Although after that they also have to see another price drop to buy at a low price for further profits at another increase in the future. So there's nothing wrong with this because everyone who wants to make a profit will definitely take advantage of whatever moment they want to reach the target they have set before doing anything in the market.

[Semar Mesem]

More than 2 months the price is below $30k, of course this is worrying because there is a chance the price will continue to fall, but if we look at the long term trend then the best thing for now is to hold, I plan to hold for at least another 6 years and won't panic if the price drop even below $10k.

[kamvreto]

More than 2 months the price is below $30k, of course this is worrying because there is a chance the price will continue to fall, but if we look at the long term trend then the best thing for now is to hold, I plan to hold for at least another 6 years and won't panic if the price drop even below $10k.

the plan to hold for 6 years seems to be quite long. are you going to buy now or already have enough Bitcoin. if your target is a long time ago, why don't you set a target price that you will achieve, or most easily target a new ATH. but if you hold on to 6 years it will be amazing. along the way you also need to make purchases regularly.

[dragonvslinux]

More than 2 months the price is below $30k, of course this is worrying because there is a chance the price will continue to fall, but if we look at the long term trend then the best thing for now is to hold, I plan to hold for at least another 6 years and won't panic if the price drop even below $10k.

I make it only about 5 weeks below $30K, but anyway this is somewhat besides the point. It turns out breaking through $30K and maintaining that level was never going to happen overnight, especially after an already 100% increase from the lows within a few months. This is now the 3rd week testing the 200 WMA as support, so if it holds, it won't take long to get back to $30K and above imo.

I however think there's more of a chance of coming down to $23K where there is a lot of accumulation volume before reaching higher levels. This is where the 200 Day MA is priced, as by comparison there isn't a lot of volume around $25K to act as support. Notably the 50 Week MA will be trending back upwards next week with price above it for the first time since 2021, so it seems that the bearish trend is more or less over.

Regardless, this doesn't mean price is in a full blown bull market, instead only that the bearish momentum for now has subsided. The possibility of further sideways consolidation remains quite high, now that the short-term bull run momentum has ended and the longer-term bear market is no longer valid. Either that or the market returns to bear, but personally I find this unlikely, especially looking at the stock market.

[carlfebz2]

More than 2 months the price is below $30k, of course this is worrying because there is a chance the price will continue to fall, but if we look at the long term trend then the best thing for now is to hold, I plan to hold for at least another 6 years and won't panic if the price drop even below $10k.

the plan to hold for 6 years seems to be quite long. are you going to buy now or already have enough Bitcoin. if your target is a long time ago, why don't you set a target price that you will achieve, or most easily target a new ATH. but if you hold on to 6 years it will be amazing. along the way you also need to make purchases regularly.

Holding for 6 years is really that a long time but we know that there are people who could really be able to stick into their plans and really able to accumulate and hold it up on long time manner.But if we do talk about

in my case on which i did make hold some bitcoins but i do really make out some sell when it do reaches out new peaks on which it would really be able for me to accumulate some stable coins or something not that volatile and im waiting for the bear market which means that it would really be ideal on buying on that time but of course since i do have able to benefit on the time of those pumps then i could really buy
even more coins which it would really be that advantageous for me.

Rinse and repeat, sounds easy right? But its not because there's no way to determine about peak and bottom prices and this would be the primary challenge on the time that you would really be engaging with this market. Now we are really that moving sideways and there's no way we could be able to tell whether we would be reaching out 30k again or would really be having this continuous sideways movements
which might last for months.

[dezoel]

When the price rises too high, many people will sell because they feel they have made a big profit, the current price is around $ 26k and March is the highest price record because the price reaches over $ 30k, and when the price is low like this, the best thing is to buy more, don't miss this limited and short opportunity.

Those who have bought very low or those who are afraid to keep holding longer will probably sell if they think the price is good enough for them and they will get enough profit from their assets if they sell, but those that have their eyes on the bull run and a new all-time high and have diamond hands will always keep holding even if the price drops again after going significantly high.

And when there are dips, the thing is, not everyone can always buy more because they don't have liquid currencies that they can use to buy more Bitcoins or other cryptocurrencies, that is the reason why most part of the general public doesn't like dips.

[Joshapat]

Didn't expect that more than 2 months the price could not go up or return to $ 30k, many were worried that the market would red again, but today the market rose by more than 3% and the price has reached $ 28k, and this makes me optimistic that in June the price could go back to $30k.

[Bitcoin2009]

It's been more than 2 months the price has fallen from $ 30k, many say that this year the market will be in the range of $ 20k to $ 30k so we have to be vigilant and always observe market conditions, but if we focus on long term investing then the best thing is to hold long-term.

[someone703]

Why worry about this? Bitcoin cannot increase continuously; there must be a correction to be able to move on to the following paths. So this is also the accumulation period for a new pump, so the opportunity for investors to buy at this time can also be good. However, it can also be affirmed that it will continue to increase because the effects of the news brought to the market in recent times are not great. So wait for an explosion, as this will be a signal of which direction the bitcoin price will go in the next trend.

[aksplace]

Why worry about this? Bitcoin cannot increase continuously; there must be a correction to be able to move on to the following paths. So this is also the accumulation period for a new pump, so the opportunity for investors to buy at this time can also be good. However, it can also be affirmed that it will continue to increase because the effects of the news brought to the market in recent times are not great. So wait for an explosion, as this will be a signal of which direction the bitcoin price will go in the next trend.

We must be aware that the price of bitcoin is volatile which creates price uncertainty under any circumstances, so a price correction now is an opportunity to increase investment, we have many options to buy Bitcoin and top altcoins to add to our portfolio, so avoid panic because a price correction in the crypto market does not make it's anyone's loss to stay holding on to BTC until the bullish season comes.

[Kadal Ijo]

It's been more than 2 months the price hasn't gone up again, when it was March and the price could reach $30600, I was optimistic that the price would continue to go up and in May it could stabilize at $40k, unfortunately after the price was $30600 the price continued to decrease and now it's around $27k.

[Weawant]

More than 2 months the price is below $30k, of course this is worrying because there is a chance the price will continue to fall, but if we look at the long term trend then the best thing for now is to hold, I plan to hold for at least another 6 years and won't panic if the price drop even below $10k.

Holding for 6 years is very possible if you have something that brings income to you and you didn't invest more than you can afford to lose in Bitcoin when it was at its peak. Many investors that came into the market during the peak are those worried.

Asking them to hold for 6 years or more 2 years is asking them for too much from their point of view since most of them thought they'll just invest and get profits the next few months. Some people believe Bitcoin will pump in 2023 but that's because they have no experience.

If Bitcoin price was to drop below $10,000 we shouldn't still panic instead use that opportunity to buy more Bitcoin and keep holding. When it's the bull market, we'll benefit from the decision we took of buying Bitcoin when everyone is panicking.

[Dollar_Hunter]

It's been more than 2 months the price hasn't gone up again, when it was March and the price could reach $30600, I was optimistic that the price would continue to go up and in May it could stabilize at $40k, unfortunately after the price was $30600 the price continued to decrease and now it's around $27k.

Correction in the Bitcoin price is a natural thing, even though the price fell to $ 27k,
because the Bitcoin price really needs a correction so that the chart can form naturally, not pump and dump,
I still believe in Bitcoin because Bitcoin's strong support is still not broken, so the bulls will take switch hopefully in June.

[lkjhg]

Why worry about this? Bitcoin cannot increase continuously; there must be a correction to be able to move on to the following paths. So this is also the accumulation period for a new pump, so the opportunity for investors to buy at this time can also be good. However, it can also be affirmed that it will continue to increase because the effects of the news brought to the market in recent times are not great. So wait for an explosion, as this will be a signal of which direction the bitcoin price will go in the next trend.

We must be aware that the price of bitcoin is volatile which creates price uncertainty under any circumstances, so a price correction now is an opportunity to increase investment, we have many options to buy Bitcoin and top altcoins to add to our portfolio, so avoid panic because a price correction in the crypto market does not make it's anyone's loss to stay holding on to BTC until the bullish season comes.

correction is an opportunity so why worry if the Bitcoin price corrects from $ 30k?,
the halving is still 1 year away, to be precise, maybe in Q2 2024,
so it's better to focus on adding to the portfolio because we are still in the accumulation zone of Bitcoin price action.