Quote from: qwertyup23 on January 28, 2021, 02:47:26 PM

Quote from: digifinex.official on January 12, 2021, 08:15:18 AM

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’

This is relatively hard to answer but purely basing it on my experience, the drop is healthy as it remains and stays at $30,000.

In this bullish run, the increase on the price of bitcoin has set and has stabilized for the time being. I remember way back in 2018, its price remained consistent around $4,000-$5,000 in a month and it significantly increased on the last quarter of that year. Although basing the price PURELY on history may sound outrageous and without basis, I would still advice to keep your bitcoins for long-term.

A high rise in the price of a cryptocurrency, as a rule, entails a sharp drop in its price after a while. Bitcoin has reached an unprecedented price and dropped to the current over $ 33,000 and this is very normal for him and the participants in this market. In this case, we can be sure that there will be no shock drop in its price. It will be good if it consolidates and after a while continues to grow at a moderate pace. However, if even for some time we do not see its growth, it is possible that altcoins will begin to grow in price. Therefore, the current state of the market is in any case pretty good in terms of its further price growth.