BTC Signals $30k Crash Anytime Soon, Bears Taking Over

May 25, 2021 at 06:21 PM GST 2 mins read Bitcoin News

Bitcoin (BTC) may crash below the $30k support level anytime soon. These rumors are spreading like wildfire in the crypto world lately due to a series of unfortunate events. As a result, people are now confused about whether they will continue holding or dumping their cryptocurrencies.

However, there are also crypto investors that have already lost a lot in the recent bearish market. One of them is Carl Martin, commonly known as The Moon on Twitter; as per Carl, he already lost millions but still believes in Bitcoin.

I lost millions in this crash. I don’t care, I know #Bitcoin will always be back.
— The Moon (@TheMoonCarl) May 24, 2021

Aside from Carl, there’s also other people in the crypto world that keep supporting the crashing Bitcoin. For example, Lark Davis, a crypto enthusiast and Bitcoin investor said that he bought the dip.

I bought a little #bitcoin at 51k, a little more at 41k, and a truck load at 31k.

I also bought some #ethereum at $2100.

I have not yet bought any altcoins, but watching closely
— Lark Davis (@TheCryptoLark) May 23, 2021

Furthermore, Bitcoin is not the only one to experience the wrath of the bearish market; the altcoins are also bleeding at the same time. The altcoins such as ETH, ADA, DOT, and DOGE already have a decline rate of over -30% in the past 7 days. Indeed, this is an event that could cause FUD in the crypto community.

Regardless, this is not the first time that the crypto market experienced a bearish dip. In fact, the crypto world has already encountered countless dips in the past years and continues to stand strong. With this, we can say that the crypto market is just experiencing a bad day and it’s just a matter of time before it fully recovers.

In other news, MicroStrategy buys more Bitcoin amid the market dip. As a result, the firm now holds and manages more than 90k Bitcoins.

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