Post
Topic
Board Speculation
Re: Correction from $30K: Reason to worry?
by
Dave1
on 19/04/2023, 03:43:31 UTC
With price dropping today from $30K to around $29K, are you worried there will be a deeper correction, or return to bear market, or is this just the short-term correction before re-testing $30K?
(....)
Bitcoin right now is already sitting above $30,000. I believe there will be a lot of tests will happen that start here on this level.
It's still possible to drop down below $30,000 as I believe this $30,000 level will become a significant support, now, I believe Bitcoin will create support on the $30,000 level.

Yes, usually this round numbers are a big test for us, but once we get over the hump, definitely it will become a support.
And market is very volatile in the last couple of days, hence this thread was created by the OP to gauge our sentiments. But it seems everyone is still very positive that this is still bullish, with just minor corrections and no need to worry at this point as the support is very strong at $30k.