Bitcoin going down $50k soon, what's next?

RealMalatesta

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Quote from: WatchMaker on March 28, 2021, 08:06:26 AM

Nothing will happen if bitcoin price falls below $50,000 because the bitcoin price will recover very soon since the American government will start giving out the Stimulus checks of $1.9 trillion dollars in the next month of April 2021. I think what you have seen was the normal market behavior, the market is used to go up and down and that's normal because there is nothing wrong with it. You need to remember the bitcoin price will always recover!

Great username mate. I do agree that price going under 50k is not a big deal at all. Last time we went under, we went from 58k to 43k and broke over 61k, this should basically tell people what they need to do know about the current situation in bitcoin but they are ignoring it and that is the problem, people should not be worried about something like this at all.

I have been involved with crypto for years now and I can say that bear run is nowhere to be found just yet, we are doing fine and we will keep doing fine for a long time as well. The bear run only comes when there is a huge news and a bad huge news happens. Like let's say grayscale or microstrategy decides to get out of bitcoin and sell all their coins, if that happens it will definitely be bad, I agree with that, but it is not, there is nothing like that, so we should be fine and I am still hopeful.

WatchMaker

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Nothing will happen if bitcoin price falls below $50,000 because the bitcoin price will recover very soon since the American government will start giving out the Stimulus checks of $1.9 trillion dollars in the next month of April 2021. I think what you have seen was the normal market behavior, the market is used to go up and down and that's normal because there is nothing wrong with it. You need to remember the bitcoin price will always recover!

Dave1

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Quote from: Oceat on March 27, 2021, 12:29:42 PM

Quote from: Dave1 on March 26, 2021, 10:08:47 AM

It did rise to $53k, and I would agree that we shouldn't be confident as the price could still go down.

But it seems that we have somewhat deal with the difficult situation of the bitcoin future contracts and now it's time to have a slow recovery as everything has settled down in the last 27 hours, 4% growth, that's huge already.

It's surprising that the price did really dropped to $50k after it touches to $61k on the previous week. Well, I think this happened before when Bitcoin touched $50k+ then a massive correction hit till it drops back to $40k something. This might be a sign that another ATH will be break soon after this.

It's because institutions keep on buying bitcoin at any price, that's why the price did have a good support around $50k. Yes, this could be another sign that a imminent all time high might be hit soon, we just need to be patience.

Quote from: Oceat on March 27, 2021, 12:29:42 PM

I wonder if there would be a new player that would participate the bandwagon of large institutional investors to make a new price for Bitcoin. This just show that it's a normal circumstances that Bitcoin is in a high volatility since a lot of traders are taking advantage of this volatility and is making some profit.

I believed that there is, secretly buying bitcoin without going to public. I think it is a good strategy in the beginning, just like what Elon Musk did, until he was somewhat force to reveal because they have to file official documents to SEC.

arwin100

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Quote from: cryptomaniac_xxx on March 28, 2021, 05:57:54 AM

Quote from: Furious 7 on March 27, 2021, 01:23:04 PM

I saw yesterday's low was $51k and now it's back growing at $56k so I think bitcoin will still keep their stability to keep the new ATH coming back, here we don't panic too much because we know your correction is always on and this is always raises a question mark whether it can drop below $ 50k but clearly this is all just speculation where people are afraid that ATH will end here but in reality it is different and it is different it will be stronger above $60k grow a few percent in the days ahead. .

I think we won't see bitcoin price drop to mid $40's to even $50k, with the way retail and institutions are buying. It is so resilient that the price goes to $56k again after a nervous $51k-$52k just days back. So there's no way that we should panic here, bears are giving their best to pull the price down, but I think bulls are still in control, so I won't be surprised if $60k will be surpassed.

$50k down to $40k dollars is possible since that is the closest price if huge correction will happen but lower from that is seems impossible for now as huge adoption now are having a strong support and we can expect that we will have a strong run since as you said they will always support back once bitcoin dump and accumulate at correction price.

cryptomaniac_xxx

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Quote from: Furious 7 on March 27, 2021, 01:23:04 PM

I saw yesterday's low was $51k and now it's back growing at $56k so I think bitcoin will still keep their stability to keep the new ATH coming back, here we don't panic too much because we know your correction is always on and this is always raises a question mark whether it can drop below $ 50k but clearly this is all just speculation where people are afraid that ATH will end here but in reality it is different and it is different it will be stronger above $60k grow a few percent in the days ahead. .

I think we won't see bitcoin price drop to mid $40's to even $50k, with the way retail and institutions are buying. It is so resilient that the price goes to $56k again after a nervous $51k-$52k just days back. So there's no way that we should panic here, bears are giving their best to pull the price down, but I think bulls are still in control, so I won't be surprised if $60k will be surpassed.

Furious 7

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I saw yesterday's low was $51k and now it's back growing at $56k so I think bitcoin will still keep their stability to keep the new ATH coming back, here we don't panic too much because we know your correction is always on and this is always raises a question mark whether it can drop below $ 50k but clearly this is all just speculation where people are afraid that ATH will end here but in reality it is different and it is different it will be stronger above $60k grow a few percent in the days ahead. .

Oceat

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Quote from: Dave1 on March 26, 2021, 10:08:47 AM

It did rise to $53k, and I would agree that we shouldn't be confident as the price could still go down.

But it seems that we have somewhat deal with the difficult situation of the bitcoin future contracts and now it's time to have a slow recovery as everything has settled down in the last 27 hours, 4% growth, that's huge already.

It's surprising that the price did really dropped to $50k after it touches to $61k on the previous week. Well, I think this happened before when Bitcoin touched $50k+ then a massive correction hit till it drops back to $40k something. This might be a sign that another ATH will be break soon after this.

I wonder if there would be a new player that would participate the bandwagon of large institutional investors to make a new price for Bitcoin. This just show that it's a normal circumstances that Bitcoin is in a high volatility since a lot of traders are taking advantage of this volatility and is making some profit.

molsewid

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Quote from: ?? on ??

The price could be down below $50k this end of the month, but we do not know for sure. We already see the price fluctuate before, so I guess when the downtrend comes, we can use that time to buy more bitcoin instead of letting it away. If you do not use that moment to buy bitcoin, you will miss the chance to sell bitcoin at a high price. Hopefully, the price will not go down below $45k, but if that really happens, so be it.

I am not yet ready to see bitcoin's price lower than $50,000 because to be honest whenever i visit CMC and first thing first i did was finding bitcoin and check how it's price movement gone so far. I used to see it at $52,000-$59,000 but after i saw this thread i made sure i visit CMC again before i made this comment, and it is confirmed that bitcoin was now as low as $52,000. But on the other side if price correction may take place soon it is better to grab the opportunity to buy bitcoin.

Noctis Connor

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Quote from: ?? on ??

The price could be down below $50k this end of the month, but we do not know for sure. We already see the price fluctuate before, so I guess when the downtrend comes, we can use that time to buy more bitcoin instead of letting it away. If you do not use that moment to buy bitcoin, you will miss the chance to sell bitcoin at a high price. Hopefully, the price will not go down below $45k, but if that really happens, so be it.

We do not know what will be the price of bitcoin ever even those already professional on theory that they just go with the flow of the bitcoin , im agree with you that those who wants to invest or buy bitcoin is the time for them and it's really a good to grab the opportunity while the bitcoin is coming but , and for me i already told my friends that they need to believed in bitcoin not because it's real for me but they see it for them selves well the price of bitcoin is really unstable since it was decentralize people are selling or buying bitcoin and that's the time that they making good profit from it.

pilosopotasyo

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Quote from: Natalim on March 25, 2021, 09:27:35 AM

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

You call it so fast when it's only a single digit, -8.1% in 7 days when in the past Bitcoin drop by 15% and people are not even in panic and consider it as correction, there's speculation that Bitcoin could drop to the $40k level, even if it drops to that level I don't think the market will be in bad shape and can be considered the start of the bear trend.

Dave1

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It did rise to $53k, and I would agree that we shouldn't be confident as the price could still go down.

But it seems that we have somewhat deal with the difficult situation of the bitcoin future contracts and now it's time to have a slow recovery as everything has settled down in the last 27 hours, 4% growth, that's huge already.

Natalim

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Quote from: Reatim on March 26, 2021, 03:47:26 AM

Quote from: Natalim on March 25, 2021, 09:27:35 AM

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

Is it the reason?

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

You are wrong mate because the way i see it ? bitcoin is now climbing back again and take the 53,000 level

https://coinmarketcap.com/currencies/bitcoin/

Though dropping to 51k shocks me last night yet the recovery comes past now , so there is a long waiting of that 50k below market price.

Some reason says it is about the dumping of 14,000 Bitcoin in cointelegraph and some says that this is a expiration .

But i only care of Bitcoin price staying at least 50k level like now and I'm Good.

I could be wrong but don't be too confident with the $53k price, it's still close to the level of going down to $50k.

As you can see in https://coinmarketcap.com/, bitcoin is already down 9.64% in the last 7 days, so that's significant and it could lead to my prediction.

Reatim

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Quote from: Natalim on March 25, 2021, 09:27:35 AM

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

Is it the reason?

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

You are wrong mate because the way i see it ? bitcoin is now climbing back again and take the 53,000 level

https://coinmarketcap.com/currencies/bitcoin/

Though dropping to 51k shocks me last night yet the recovery comes past now , so there is a long waiting of that 50k below market price.

Some reason says it is about the dumping of 14,000 Bitcoin in cointelegraph and some says that this is a expiration .

But i only care of Bitcoin price staying at least 50k level like now and I'm Good.

rhodelmabanal

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Quote from: chikading2016 on March 26, 2021, 12:12:58 AM

Quote from: Wisbrown on March 25, 2021, 06:49:36 PM

For now bitcoin price is not stable, so no one can give a perfect prediction, so for this reason every one should know that cryptocurrency market is a game of luck but still on still we should expect another all time high any moment from now.

Well this is not only for this time, bitcoin price is always unstable it is a high on volatility and if you know how to deal with it you can earn profit, patience and controlling your emotion on dip can maybe help you secure your asset dip is a chance to full your bags so we need to be more calm and hold.

I agree on that mate, i been in crypto for almost 5 years and i experience pump and dump situation many times, so i am not affected on those crazy dip anymore, just put basis on the year 2018 till present if we have patience maybe we can become millionaire investing or holding on bitcoin this present time patience is really important on crypto.

chikading2016

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Quote from: Wisbrown on March 25, 2021, 06:49:36 PM

For now bitcoin price is not stable, so no one can give a perfect prediction, so for this reason every one should know that cryptocurrency market is a game of luck but still on still we should expect another all time high any moment from now.

Well this is not only for this time, bitcoin price is always unstable it is a high on volatility and if you know how to deal with it you can earn profit, patience and controlling your emotion on dip can maybe help you secure your asset dip is a chance to full your bags so we need to be more calm and hold.

Wisbrown

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For now bitcoin price is not stable, so no one can give a perfect prediction, so for this reason every one should know that cryptocurrency market is a game of luck but still on still we should expect another all time high any moment from now.

Baofeng

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Quote from: Natalim on March 25, 2021, 09:27:35 AM

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

Is it the reason?

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

Yeah, I think that is the main reason of the decline recently. We also have this last January and I think we went down to 23%-26% if I'm not mistaken. But we did recover from that, reaches another ATH in the process. For now after the bitcoin future expirations, I would see the sideway pattern in the next days. But probably next week Monday we might see some semblance of recovery, so I would say that we are still going to $60k here. Price currently pegged at $52k.

Natalim

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BTC to the MOON in 2019

Quote from: The Sceptical Chymist on March 25, 2021, 02:38:23 PM

Eh, it's at $52k as I write this, which isn't bad. You kind of have to expect that when bitcoin breaks through a new all-time high there's going to be some selling going on afterward, and I'm pretty sure that's what we're seeing. This has happened before, and it'll happen again.

But think about the mood of the bitcoin market overall--it's still very bullish as far as I can tell, so I think the price will get back to and beyond $60k in the not-too-distant future as buying starts to pick up again. Now's definitely not the time to sell, so hopefully nobody's panicking because of this dip of a few thousand dollars. It might seem extreme if you haven't been around for a while, but this is just how bitcoin acts from time to time.

I hope you are right, or maybe I hope you are wrong as either way I would be okay with the price movement.

Seeing a bullish or bearish, I always have a plan on what to do, but overall in the last few days of price movement, it has already convinced me that the ATH in this bull run was only $60k and we will go down from that, I'm not that confident though and it's okay if I'm wrong.

Quote from: Hamphser on March 25, 2021, 05:26:11 PM

Im actually waiting for possible bottom price but i dont see any more push down below to 50k since the price is clinging up for recovery now.

That's not a recovery yet,.. I guess we will see it dip below $50k this week.

Hamphser

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Quote from: Oasisman on March 25, 2021, 05:10:59 PM

Probably Bitcoin is consilidating and there were a lot of reasons for the price to come down. What makes the price drop sure has something to do with people selling their bags.
I don't think it's coming down fast, Btc has been hovering around $52,000 to $54,000. If it happen to touch the $49,000 support, It might drop for as low as $45,000 but I think that's it, it'll recover and bounce back for sure. Nevertheless, the market are still bullish.

When it comes to price decline then it will automatically be tied up with those selling off points or levels because this isnt called a market if we wouldnt have these kind of events.

People still get shocked into these particular events? If ever the price would go down again on $50k then i would have always the feeling that panic selling would be next in line and it would
go deep further.

Im actually waiting for possible bottom price but i dont see any more push down below to 50k since the price is clinging up for recovery now.

Twinkledoe

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Quote from: STT on March 25, 2021, 04:39:13 PM

Its recovering slightly, see if price can confirm above 54k this would mark something different and perhaps a diminishing trend of selling. There is some attempt upwards right now on a mid day basis:

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Price staying at 52k or higher for 4 hours or more could be taken positively also. Wider time frame, the lows for today are the 50 day average price so a reset equal to prior price action in this year.

Bitcoin is holding strong above 50k. I think, it will slowly go up again this week. If it will go down below 50k, only a matter of time before it goes up again. The support in the market is strong owed to these institutional investors and other good news like tesla finally accepting btc as payment method and not converting it to fiat. $50k level is still good considering that we only see this price level this year after more than a decade of btc existence. What more can you ask for?

Topic: Bitcoin going down $50k soon, what's next? (Read 227 times)