Theoretically it is, being that the nature of bitcoin is highly volatile, but come to think of it, this is just a part of bitcoin's value getting a correction, if we can still remember, way back in december, there were people who are not investors that came in to play, they have bought bitcoin at a higher price, and those who had bought if at lower price will normally just take profit, leaving the weak hands behind, thus a drop in the price of bitcoin, and now we are clearly seeing the correction in the market, and that's the reason why the price is not going up by 50% or going down by 50%.
This happened last week and none of the people were surprised because of this. Bitcoin markets are so volatile and any price is highly possible in the markets. We can't avoid this.
Well we can't say that no one was surprised. That was quite a big drop from 20k ath but none the less, those who knew what they were doing and what they've gotten themselves into most likely didn't panic. A lot.of people loat loney during that correction basically because they didn't have enough information about what they're doing