Bitcoin can hit $50k? - page 2. | Bitcointalksearch.org

plr

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Quote from: newwest on February 06, 2021, 03:42:51 AM

Gradual increase in price is way better than sudden rise. From yesterday started to see some buying happening in bitcoin and now price is almost at 40k. So if it can continue to stay above 40k for a while then we might even see in coming time near 50k unless there is no negative news around the market for bitcoin. For now, good to see bitcoin back again near 40k.

I also prefer a gradual increase in price, a sudden increase can be considered as a price manipulation which is not good and will cause new players in the market to lose their investment, just like what happened in 2017, if the price is gradually increasing, we can figure out what causes the price increase and make the right decision to invest.

STT

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Current action Im observing on very short term but bullish action is what I'd expect to be repeated on the radar as it passes the ATH and goes for 50k. If we see alteration in behavior then greater caution is required to see how its now operating at these rarefied heights we've reached, its surely more dangerous and requires watching carefully for anything erratic.

So my current take is we burst upwards above a 12hr average price trend, then fall back or revise prices back down to the two day average. Then repeat. Both measures are bullish and obviously we are encapsulated within a larger positive move but ideally if it is moving upwards it would do so in a regular way such as this repeated action.

At this moment, on a weekend we revise prices back to the 2 day average. Then its reasonable to observe how it proceeds from there, repeating would suggest we do challenge ATH and so 50k is more probable. Failing to repeat, makes it more complicated to guess direction.

LittleBitFunny

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4 times Bounce back from support 30K confirmed the market for upward movement, If you look at yesterdays candle then you can be seen 38K was the Big resistance for Bitcoin, Since Bitcoin has been able to break the resistance, This Breakout is essential and forced Bitcoin to move on towards 40K. Now daily MACD chart is confirmed the further upward movement and RSI seems strong so, 50K is reasonable.

CapGelatik

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Quote from: newwest on February 06, 2021, 03:42:51 AM

Quote from: ?? on ??

Bitcoin has generally surpassed its maximum speed as the crypto market is decentralized and its prices fluctuate it is very difficult to determine how much the price will go up. But if Bitcoin's high speed and demand continue to grow this way, it won't take long to hit 50k we have to wait patiently for this and its price will gradually increase.

Gradual increase in price is way better than sudden rise. From yesterday started to see some buying happening in bitcoin and now price is almost at 40k. So if it can continue to stay above 40k for a while then we might even see in coming time near 50k unless there is no negative news around the market for bitcoin. For now, good to see bitcoin back again near 40k.

it is healthier if there is no pump, because without a pump correction it will also be healthier, and in fact the bitcoin pump only lasts during the breakout,
and that's a good thing, because to keep the price of bitcoin bullish is a breakout not a breakdown,
especially now that bitcoin is already breakout above $ 40k and ready to retest to $ 42k to be able to breakout ath again there should be stronger Fomo

newwest

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Quote from: ?? on ??

Bitcoin has generally surpassed its maximum speed as the crypto market is decentralized and its prices fluctuate it is very difficult to determine how much the price will go up. But if Bitcoin's high speed and demand continue to grow this way, it won't take long to hit 50k we have to wait patiently for this and its price will gradually increase.

Gradual increase in price is way better than sudden rise. From yesterday started to see some buying happening in bitcoin and now price is almost at 40k. So if it can continue to stay above 40k for a while then we might even see in coming time near 50k unless there is no negative news around the market for bitcoin. For now, good to see bitcoin back again near 40k.

btc78

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Quote from: ?? on ??

Bitcoin has generally surpassed its maximum speed

Sorry But mind to Explain what is the Speed that has been Surpassed ? Is there a maximum or minimum speed Limits here?

Quote

as the crypto market is decentralized and its prices fluctuate it is very difficult to determine how much the price will go up.

There is no determining of how much need to be fluctuate because that will depend on how much is the demand and how many investors will Put unto it.

Quote

But if Bitcoin's high speed and demand continue to grow this way, it won't take long to hit 50k we have to wait patiently for this and its price will gradually increase.

we are nearing to break 40,000 again now , Looks like the waiting won't take long now.

fullhdpixel

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Quote from: decodx on February 05, 2021, 04:52:47 AM

I agree, it is better to have slow natural growth than steep jumps that may be dangerous and we always have strong corrections after that. The growth rate is slowing down significantly but that also means it is more mature and less prone to big drops.

As time passes, the price of bitcoin will increase and I believe that it can very easily reach 50k at this rate.

That is what I have been saying for years but it is easier to be said than done so I get why it was having hard time. Instead of having jumps that are huge very rarely making the price go high, we needed price to actually go higher slowly but surely, that way we could have something that is a bit more calm and relax and we wouldn't have people in panic mode whenever it went down neither because it would be going up slowly but going down slowly as well (probably).

That is why I think this period is very crucial, if we could keep this up for one year (just 2021) we would basically be doing a great deal of profit while also not having too much risk neither, that is a very important part of bitcoin world if we could ever have it. Of course it is not going to be simple, of course it is going to take some time, but we are going to have that one day or another in the future.

TravelMug

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Quote from: decodx on February 05, 2021, 04:52:47 AM

Quote from: cryptomaniac_xxx on February 05, 2021, 03:52:13 AM

Quote from: TravelMug on February 04, 2021, 10:51:18 PM

$35k barrier though has been broken so that's a good indication. It is trying to attempt $38k but I don't think we are going to successful. It's Friday so we have to wait next week it something positive will come up.

Just minor pullback though, the price is still way above $37k, just a couple of hundreds of dollar to $38k. The good thing is that we are jumping slowly though and I would say that this is a good for the overall health of bitcoin market.

I agree, it is better to have slow natural growth than steep jumps that may be dangerous and we always have strong corrections after that. The growth rate is slowing down significantly but that also means it is more mature and less prone to big drops.

As time passes, the price of bitcoin will increase and I believe that it can very easily reach 50k at this rate.

The exponential growth will slow down at some point in time, specially when we breaches $40k and obviously when we go to $50k. Because that is un-chartered territory for all of us, and we really don't know what's going to happen as we climb higher and higher.

And that's why I believed that we should progress in a slow manner and not jumping from breaking one resistance to another. Unless there is really some good news that the market can't really stop the FOMO coming in. Right now the biggest hurdle is $38k if we break and sustain in, then $40k in the next 2-3 days starting next week.

okissabam

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It is possible for bitcoin to hit $50k but I don’t think it’s going be anywhere around this year; but who knows? I could be wrong. I mean, if ever it hits like $40k; who would but bitcoin at that amount now? But I do hope it’ll reach $50k though.

Noctis Connor

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Quote from: kramat on February 04, 2021, 10:36:27 PM

Bitcoin will be soon to reach the price. Bitcoin price is day by day increasing. So I believe the Bitcoin. It any time to hit the price. Bitcoin is any time to up and down. So it not easy to guess the price. Everyday check the bitcoins price in marketplace. Bitcoin is a future currency's.

You can't say that bitcoin will just increase and never be decrease this is how those other's investors are making money because of the volatile of bitcoin no one can predict the real price will bitcoin become, If there's another bull run will happen maybe it is a one time investment again which people are going to invest all their money just to make a good profit even in this pandemic we're facing, It is not that easy to guess the price even those who already professional in investing they can't even guess what will be the graph going in the exchange.

bitterguy28

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Quote from: TravelMug on February 04, 2021, 10:51:18 PM

Will take some time though,

Bitcoin goes to $38k, but soon rejected again, and now going around $36k-$37k. So the $50k might take some time before it can be breach or surpass.

That happens couple of time that Bitcoin had tried bringing to 40k again but has no strength to break that easy .

Quote

$35k barrier though has been broken so that's a good indication. It is trying to attempt $38k but I don't think we are going to successful. It's Friday so we have to wait next week it something positive will come up.

Maybe we are having difficulties so far and yeah it will take some time more , though i assume this will be happening this quarter or maximum the 2nd quarter.

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Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

I feel that the range of price increases for bitcoin could reach $ 50k this year. the potential is really big. even this year, bitcoin price has hit a price of $ 40k. however, there are a number of walls that bitcoin needs to cross to reach that price. however, talking about this wouldn't be nice when we had no assets after the bitcoin price hit that point. well, anyway, we need a little push for that, maybe Elon Musk will talk about bitcoin in the future, and make the price high like dogecoin.

decodx

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Quote from: cryptomaniac_xxx on February 05, 2021, 03:52:13 AM

Quote from: TravelMug on February 04, 2021, 10:51:18 PM

$35k barrier though has been broken so that's a good indication. It is trying to attempt $38k but I don't think we are going to successful. It's Friday so we have to wait next week it something positive will come up.

Just minor pullback though, the price is still way above $37k, just a couple of hundreds of dollar to $38k. The good thing is that we are jumping slowly though and I would say that this is a good for the overall health of bitcoin market.

I agree, it is better to have slow natural growth than steep jumps that may be dangerous and we always have strong corrections after that. The growth rate is slowing down significantly but that also means it is more mature and less prone to big drops.

As time passes, the price of bitcoin will increase and I believe that it can very easily reach 50k at this rate.

cryptomaniac_xxx

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Quote from: TravelMug on February 04, 2021, 10:51:18 PM

Will take some time though,

Bitcoin goes to $38k, but soon rejected again, and now going around $36k-$37k. So the $50k might take some time before it can be breach or surpass.

Yes, the sentiments have somewhat simmered down after we hit $41k, but I think eventually $50k can be reach. Again, we have the month of February to do that.

Quote from: TravelMug on February 04, 2021, 10:51:18 PM

$35k barrier though has been broken so that's a good indication. It is trying to attempt $38k but I don't think we are going to successful. It's Friday so we have to wait next week it something positive will come up.

Just minor pullback though, the price is still way above $37k, just a couple of hundreds of dollar to $38k. The good thing is that we are jumping slowly though and I would say that this is a good for the overall health of bitcoin market.

TravelMug

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Will take some time though,

Bitcoin goes to $38k, but soon rejected again, and now going around $36k-$37k. So the $50k might take some time before it can be breach or surpass.

$35k barrier though has been broken so that's a good indication. It is trying to attempt $38k but I don't think we are going to successful. It's Friday so we have to wait next week it something positive will come up.

kramat

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Bitcoin will be soon to reach the price. Bitcoin price is day by day increasing. So I believe the Bitcoin. It any time to hit the price. Bitcoin is any time to up and down. So it not easy to guess the price. Everyday check the bitcoins price in marketplace. Bitcoin is a future currency's.

MyCryptoDomains

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If Saylor managed to convert some deep pocketed folks with his conference yesterday might see new ATH followed by 50k. But we'll have to wait. Actually the timing of the conference was very good since it coincided with pump.

MWesterweele

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Quote from: STT on February 03, 2021, 06:57:55 PM

38174 is the closing high on weekly bars so look for significance there in this move upwards. Its regained all of the Musk high so quite impressive hold of weekly average and recovery back to highs, beating the downtrend that was in play for this year.

Closing week here would be one of the highest ever but just on daily its impressive enough. 50 day average below is the counter and a target for value rather then this current momentum, we may need to keep cycling between these two to be gaining. It can get to 50k, theres not much reason to doubt BTC has that potential as its relatively close.

The current amount was close to $50000 value and for me, this might not impossible to happen since we couldn't properly and correctly predict what will going to happen next in the bitcoin market. But i think that the resistance for these p4ice to hit may there also and some corrections too. Hopefully, these might not affect the good market perfomance of bitcoin today which i know every bitcoin hodler and traders benefits most.

Inkdatar

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Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

This will take time to hit $50k it just needs some corrections before price will break into another all time high level. A lot of predictions for bitcoin to reach this year as some says it could touch more than that and other still have the time to accumulate more. Also there some institutions investing into bitcoin so this could have a bag impact on bitcoin to increase its value. So let's just observe the market setting a new trend.

bitterguy28

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Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

What do you mean by the word "HOW"?

Meaning How will bitcoin reach 50k? if that is the question then the answer is simple, Help Bitcoin increase the value , HOW?

Buy Bitcoin and help it circulate , and not just asking and asking but doing nothing , this is the big problem of the crypto community , because people keep on asking but never invest anything.

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