What would cause bitcoin to drop 30% or more?
As you are wondering why Bitcoin dropped this far, that is also the question many people seem to be asking.
I didn't expect Bitcoin to drop that much this month, but that's what happened, but I still don't think it's a bearish trend yet.
If this happens because of bad news then it is only temporary until it returns to normal.
He posted it last month and I think BTC is not yet on a dip state there but he is still wondering in advance if what would cause it to drop 30 percent or more. So far BTC is in a dip state but I think the drop is not yet 30 percent. The cause of the drop seems to be related to Trump but for it to drop more maybe there is another cause which can be brutal than it. The OP's question seem not only be limited from this month but it made sense because a drop like that can be rare.
The current trend now seems to be bearish already but like you, there are others that are not convinced with it. I feel bad for you guys, I mean not in an evil way. Anyways, yeah nothing is permanent in this world, including in the world of cryptos. Whether the drop is huge or small, there will always be a way for recovery.