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?
Many speculators anticipated rejection from $30K level, as this was previously support for 18 months in from 2021 to mid 2022 and could become strong resistance. Although so far (as of writing) we have only seen a -5% correction to $29K. Ultimately I think it's too early to tell if price will correct further to $25K, $23K or break the recent higher low of $20K. But nonetheless people have started to get concerned, hence this thread.
If we all had felt worries about every price drop, it only means that we don't have faith and trust in Bitcoin. And most of all, it was an indication that we still don't clearly understand the volatility of the market and it works. In fact, you can never think that it is all an increasing price trend but correction is normal in the crypto market. Therefore, we never have to expect that dumps are impossible because even if the price of Bitcoin will reach $30k, there is a chance that it drops back to $20k. But if we have faith, why we should be bothered with such a movement as it eventually rises back again?