Quote from: Inkdatar on February 05, 2021, 10:36:52 PM

Quote from: raji1995naya on February 05, 2021, 10:03:18 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’

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.