Hey there Bitcoin buddies, it looks like our beloved BTC is taking a bit of a dive! Down seven percent from recent glory, trading below the 20-day moving average for the first time since March 13. Yikes! But wait, don't sell just yet! Traders can hold on tight and look to sell on every attempt toward $29.6k, as that line marks the highs of the April bull bar. And who knows, maybe this current retracement is just a passing phase, with relatively low trading volumes. Or... it could be a sign of impending doom, with a spike in participation causing BTC to drop faster than a hot potato! Brace yourselves, because $25k and worse could be right around the corner.
https://crypto-economy.com/bitcoin-drops-7-btc-bears-targeting-a-retest-of-25k/I hate seeing post tat trigger fear especially from newbies and I understand that being a newbie in the forum doesn't generally mean one is new to crypto but judging from your post, it seems you're actually not firm in the cryptocurrency journey so far.
One thing you have to understand is that Bitcoin is volatile and absolutely nothing is certain, hence price can move up or as well move down and there is absolutely no need to panic especially from the old investors because they already know what their targets are.
So please don't spread because I wouldn't count this post as an awareness.