Why Bitcoin Won't Drop to $30,000
Bitcoin cannot go lower to $30,000 mainly because of strong market fundamentals and investor behavior that support higher prices.
Recently, Bitcoin surged from about $75,000 to over $106,000 within a month, showing strong bullish momentum and investor confidence.
Most Bitcoin holders are currently profitable, with 99.7% of holding days showing gains, which discourages selling at low prices.
Investors tend to hold rather than sell during uncertain times, reducing Bitcoin supply on exchanges and limiting downward pressure.
Large investors (whales) and traders actively buy dips below key support levels, preventing prices from falling sharply below $30,000.
While some profit-taking occurs around $28,600, it creates temporary resistance rather than a sustained drop below $30,000.
On-chain data and market sentiment suggest demand remains strong, and Bitcoin’s price structure supports levels well above $30,000.
In summary, Bitcoin’s recent strong price rally, investor holding behavior, active buying below support, and overall market demand make a drop below $30,000 unlikely at present.
