After reaching $26,942, the Bitcoin market started to turn positive again. And by today very quickly the Bitcoin market reached $30,036.
Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.
Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?
There is not specific reason for btc to pump or dump because btc is totally decentralized and its price depend upon supply and demand law. The higher the demand, more buyer will enter and price will increase. Demand increases with the big adopting news, Btc Halving, Failure of traditional bank and many other. High volatility of Btc is often did not considered good sign for Market because this increase in price is because of News(failure of bank) but we can see sudden drop in price also.