I know there's probably a lot of sweaty hands after this 30% price drop in Bitcoin. Corrections like these are inevitable in the world of cryptocurrencies.
But rest assured that the trend is still alive. Corrections like these set new crucial support levels. Bitcoin has bounced through and off of the 1.618 on the Fibonacci sequence four times setting the foundation for a solid $30,000 support range.
For the long term spectrum we want to see higher lowers and of course higher highs. This correction has been quite revealing setting up for a new all time high support levels for Bitcoin.