Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
Thinking like this, suddenly the market was running down gradually. At other times, the market usually goes down very slowly, but during this period, the market started to go down very quickly and gradually, on 23-04-24 at 22:00, the price of Bitcoin reached $26,942.
After reaching $26,942, the Bitcoin market started to turn positive again. And by today very quickly the Bitcoin market reached $30,036.
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 always volatility in the Bitcoin market. There is nothing as normal as the rise and fall between the price levels you mentioned. The market moves with its own mechanics. Then, according to your statement, is it good when progressing to 100k and bad when falling to 26k? There will always be volatility. Sometimes high volatility, sometimes low. Bitcoin has been and will be since its existence. These are normal things. While there is a lot of bad news about the market, this way the volatility will be more. No need to worry.