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?
Everything happens for a reason and if the market is volatile so it means that this volatility will be beneficial in both cases like that are dip will be better choice for buyer and pump will be better for seller so every situation has its own benefits and own reasons we cannot say that the thing which happen is wrong.
The current price is more than 26k$ so may be its beneficial for those who don't have buy bitcoin now and want to buy it and perhaps someone have bought it in lower price and current price is maximum for giving him higher return.
There will be more increase in bitcoin price and no one should loss their hopes when the price reduces because price never remains in one state.