Bitcoin way forward - Towards $100k or $50k

Mame89

sr. member

Activity: 1512

Merit: 418

Quote from: AirtelBuzz on April 24, 2024, 08:04:20 AM

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

I know no one can speculate or predict it accurately.

The exact price movement of Bitcoin may be impossible for any of us to predict. We who are small investors when we see that the price of Bitcoin is increasing we think that the price of Bitcoin will reach a very high level very soon. Again, when we see the price of Bitcoin temporarily falling, we think that the price of Bitcoin may go much lower. We all know that half of Bitcoin is already complete. Before this Bitcoin halving was organized, many predicted that the price of Bitcoin could reach $100k and many commented that the price of Bitcoin could fall to $50,000. None of these people's predictions came true as Bitcoin is now at $66,000. Now everyone is predicting or predicting that bitcoin price will reach 100k dollars but it needs time.

Yes that's right. It is very difficult to predict the current price of Bitcoin because this halving is different from the previous halving. Bitcoin price reached a new ATH before the halving occurred. This is different from the previous halving where we knew there would be a new ATH after the halving occurred. There are currently no signs of a bullish bullish pattern taking hold, so this may be a false bull run to attract buyers before another drop occurs.

For now, don't enter the trade using all the money blindly without any strategy. However, still make purchases using the DCA method because rest assured there is always an opportunity to make a profit in Bitcoin and this opportunity will certainly never end. Even though currently the price of bitcoin is at $57k, I am sure bitcoin will reach $100k within this year, we just need to be patient and continue doing DCA on bitcoin. I hope that all of us here can be free from modern slavery and can achieve financial freedom.

TravelMug

hero member

Activity: 2618

Merit: 833

Quote from: btc_angela on April 26, 2024, 06:03:28 PM

Quote from: Nothingtodo on April 26, 2024, 05:56:36 PM

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

It's because of the news about the approval of Bitcoin Spot ETF that pushes the price to a new all time high. Now it settled down, but no worries, halving is done and it's just a matter of time before the price goes on a parabolic rise.

Yes, it is still at $63k, but that is obviously very high still after the halving, and it seems though that after a week, price has settled down a bit with no movement at all. But it doesn't mean that we won't be seeing any action. It's just the investors might be holding back for now. We just need that one good news to get the market going again and most likely it will come in the next couple of months and my prediction is that after the end of the month we might see 6 digits for the first time.

The same thing is happening, as per there are another thread about the Hongkong spot bitcoin ETF approval and it says that we might see the same cycle as the US. When we heard about the US approval, we thought that the price will go up immediately, unfortunately it did not. We have to wait for several months before we can actually see the impact of the approval. And so there is this thought that it might be the same with the Hongkong approval although the market in Hongkong is not as big as the US. Regardless though of what is happening around, this is just a big test for us again. Price is below $60k now, and it could down as low as $50k was what the OP could have though after the halving.

Dave1

hero member

Activity: 1260

Merit: 515

And now it looks like the pattern that the OP put here might be emerging, and base on the response including myself, I doubt that $50k might be reach. But today, we've seen fluctuations as long as $56k and then moving forward to $60k.

It's seems that we are in bear market after the halving?

Or it is just the market is not reacting to any as there are no positive news but instead we will go on another downward trend?

AnonBitCoiner

sr. member

Activity: 1358

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: Nothingtodo on April 26, 2024, 05:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

When the price hit 73k$ then everyone was happy and was assuming that the price would hit 100k$ but now it seems that price will take time to hit 100k$ and is not an easy achievement. People are making mistakes that when they see regular pumping then they start to invest more and more but they don't remember that such a pump can also stop immediately.

Price movement is unpredictable but after halving it does not change a lot and persists at 63k$ for longer time so I think instead of going down it will pump and will steadily move towards 100k$ with a little bit of dumping price.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: Nanga Parbat on April 29, 2024, 04:21:36 AM

And currently the price of Bitcoin is trading at 63k to 62k . Looking at there this acceleration there is no possiblity of Bitcoin going up , but the chance of going down are high. If you look fundamentally there is no bed news so far that makes us think that Bitcoin and nation will go because if you look at the price of Ethereum it has formed its strong resistance , Bitcoin and Ethereum have their own movement but from their price we can make a little guess.

It doesn't happen, because its not there yet. We are thinking that halving is something that does take a bit of time and by the end of this year we are going to see a big increase. Check the increases after halving in 2014 and in 2021 as well, those two years had a great increase and I believe that we are going to have the same, which by the way happened in 2017 as many people know as well. So that means, by the end of this year the price increases and next year the price reaches to peak points as well.

So, I believe we could see 100k by December, and 150k+ by next year march or April as well, that is the most important part. I think the return on investment for someone who puts money now, could be x2 or x3 in a year, which is why its a great time to put money into.

STT

legendary

Activity: 3878

Merit: 1411

Leading Crypto Sports Betting & Casino Platform

50k is more likely, its closer if nothing else, in the next few days to a week you might be able to find out which way and if 50k is where we are being drawn to. Since February we've only gone to this pricing of 63k or lower then retracted back upwards to resume the same range over and over again. Its really hard to know which way we go but we can fairly certainly define the boundary edges to our range of movement over the last few months and this area is right at the lowest we should go if on a reasonable course higher.

The spikey candles on the weekly bar are what indicates this boundary, I guess think of it as an electric fence. The cattle that trade this market can trample the fence if they rush forward but so far all we did was creep upto this boundary range then sharply recoil back higher, look for a change in that behavior.

Nanga Parbat

full member

Activity: 196

Merit: 127

Quote from: Nothingtodo on April 26, 2024, 05:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase.

Everyone was expecting Bitcoin to hit 100k after the halving, but that doesn't seem to be happening.As before halving the price if Bitcoin went up very quickly and if Bitcoin had made its strong resistance at 73k it might have seen going to 100k .

Quote

Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

And currently the price of Bitcoin is trading at 63k to 62k . Looking at there this acceleration there is no possiblity of Bitcoin going up , but the chance of going down are high. If you look fundamentally there is no bed news so far that makes us think that Bitcoin and nation will go because if you look at the price of Ethereum it has formed its strong resistance , Bitcoin and Ethereum have their own movement but from their price we can make a little guess.

Rabata

full member

Activity: 742

Merit: 170

Quote from: Nothingtodo on April 26, 2024, 05:56:36 PM

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

Prior to the Bitcoin halving, some investors were quite enthusiastic about investing in Bitcoin, investing in it for short-term profits. They are trying to change their attitude after Halving happened. Currently it is trading near privious ATH in the market but due to little volatility among the investors it is not possible to get expected results yet. It is not the case that the Bitcoin price will be bullish immediately after the halving. Look at Bitcoin history where Bitcoin has been bullish for quite some time after Halving.

Currently, according to our expectations, the Bitcoin price is more likely to reach 100K. But when there is a slight price correction, some investors' disbelief leads the market to fall further. As per current market conditions we have no risk of Bitcoin price going to 50k. Though anything can happen at any time.

ArumiBTC

brand new

Activity: 0

Merit: 0

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

I wonder what "valid" means?. See, the chart is not always working aligned with news and analyst is as clueless as a regular person. Warren Buffett once famously said that even a monkey could pick stocks and predict the market with a 50% success rate.
My action in the uncertainty is risking less than 10% of my portfolio and only buying at the lowest price of a monthly candle. Other than that, stay USDT.

Sexylizzy2813

sr. member

Activity: 560

Merit: 418

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

I'd call this period the panic period, you have to see Bitcoin price go against the expected amount as it was suppose to hit $80k and above but you see it dropping at a fast speed, it made some to have that fear that Bitcoin price is going back down to $40k and some even have to sell because of the dear of losing. I feel is just for the time being and the market price would make a new turn back to the ATH which is $73k but as for $100k it won't be now or maybe lose to the end of this year, it depends on how fast Bitcoin price is but for now it is either $69k to $75k.

Ndabagi01

sr. member

Activity: 560

Merit: 287

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Bitcoin has been ranging between $63K and I don’t see a major change in the market coming any moment from now. The market has been experiencing a lot of volatility lately but it doesn’t make bitcoin to make a major pump or a bullish trend. The last move to more than $70K was a long predicted one and it happened quickly and immediately came back to its support zone. Since before the halving, I have come across many speculations that bitcoin will dip down to $50K, but after the halving and how the market has been performing since then, I don’t see a major dip below the support zones now but a gradual movement above the $70K resistance to breakthrough it and continue in that direction is what I foresee in the market now.

Kemarit

legendary

Activity: 3066

Merit: 1352

Quote from: wmaurik on April 27, 2024, 11:04:42 AM

Quote from: Nothingtodo on April 26, 2024, 05:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

Currently the price of Bitcoin is still at $63K and if a decline can occur at the end of this month or at the beginning of next month, I will not immediately make a prediction for the $50K range. Because currently Bitcoin has stronger resistance to this if we compare it to last year so there is a possibility for Bitcoin to be above $50K if the price decline actually occurs at the end of this month or next month. But what we are seeing now is still at $63K with quite slow movement in the market.

Yes, +/- $63,000, still good price though, and I think everyone should understand that even if we had the catalyst for a bull run already completed which is the block halving, it doesn't mean that the price is immediately go and reach 6 digits. It's not how Bitcoin works, it might take sometime for the market to have that kind of run, maybe we need some news to push the price or just the whales suddenly find themselves wanting to initiate a bull run.

I also don't think that $50,000 or a potential dump in the market is going to happen. We have a huge support at any line, like in $60,000 or even lower. We just need to have patience, specially to beginners in the market and just don't overthink and be nervous about a huge decrease in price. Everything will fall for us this year, IMHO.

wmaurik

hero member

Activity: 2016

Merit: 701

Quote from: Nothingtodo on April 26, 2024, 05:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

Currently the price of Bitcoin is still at $63K and if a decline can occur at the end of this month or at the beginning of next month, I will not immediately make a prediction for the $50K range. Because currently Bitcoin has stronger resistance to this if we compare it to last year so there is a possibility for Bitcoin to be above $50K if the price decline actually occurs at the end of this month or next month. But what we are seeing now is still at $63K with quite slow movement in the market.

btc_angela

hero member

Activity: 2590

Merit: 542

Quote from: Nothingtodo on April 26, 2024, 05:56:36 PM

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

It's because of the news about the approval of Bitcoin Spot ETF that pushes the price to a new all time high. Now it settled down, but no worries, halving is done and it's just a matter of time before the price goes on a parabolic rise.

Yes, it is still at $63k, but that is obviously very high still after the halving, and it seems though that after a week, price has settled down a bit with no movement at all. But it doesn't mean that we won't be seeing any action. It's just the investors might be holding back for now. We just need that one good news to get the market going again and most likely it will come in the next couple of months and my prediction is that after the end of the month we might see 6 digits for the first time.

Nothingtodo

member

Activity: 420

Merit: 52

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

ShowOff

legendary

Activity: 2604

Merit: 1181

Quote from: 2Pizza410000BTC on April 26, 2024, 12:41:05 PM

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Lately we see Bitcoin fluctuating between $63k and $67k. It is very difficult to predict exactly which direction Bitcoin will go from the range it is in We have passed the bitcoin halving for just a few days since bitcoin didn't go down so we can say bitcoin can go up. Because while there is likely to be some dumping in the market before the bitcoin halving, the dumping was recorded at 60k. I predict that Bitcoin, which will never approach $50,000 again, will rise and settle in the $100,000 range by 2024. I know I can't make any accurate guesses in this case, but I hope my guesses are correct.

Bitcoin prices have historically risen higher each time a halving occurs and a new ATH can be expected after several months to over a year. But this time, a new ATH was recorded a few days before the halving and that is something very unusual for most investors and also for holders.

High hopes for a new ATH in the next few months are not something wrong for every bitcoin holder and investor, but it's best not to have too high expectations if you don't want to be disappointed when the facts don't match reality. History may or may not repeat itself, repetition is never mandatory for these uncontrolled assets. About $100k, I tend to agree it's very possible in the next few months especially if demand rises significantly.

Asiska02

hero member

Activity: 798

Merit: 669

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Bitcoin halving have taken place for than a week now and we haven’t seen bitcoin rally down to $50K and the worst it went down was testing less than $60K. Since then it has been fluctuating between $61K-67K which is still a considerable price. For a major push up in price to go above the $70K level and breaking the resistance there, it has to be a touch of the much anticipated bull run that we all have been expecting for quite some time now, if not I don’t see any major pump that can make the market skyrocket above $70K and still not come back and retest it or go back beyond it.

2Pizza410000BTC

full member

Activity: 336

Merit: 185

Eloncoin.org - Mars, here we come!

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Lately we see Bitcoin fluctuating between $63k and $67k. It is very difficult to predict exactly which direction Bitcoin will go from the range it is in We have passed the bitcoin halving for just a few days since bitcoin didn't go down so we can say bitcoin can go up. Because while there is likely to be some dumping in the market before the bitcoin halving, the dumping was recorded at 60k. I predict that Bitcoin, which will never approach $50,000 again, will rise and settle in the $100,000 range by 2024. I know I can't make any accurate guesses in this case, but I hope my guesses are correct.

AirtelBuzz

full member

Activity: 15

Merit: 1

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

I know no one can speculate or predict it accurately.

The exact price movement of Bitcoin may be impossible for any of us to predict. We who are small investors when we see that the price of Bitcoin is increasing we think that the price of Bitcoin will reach a very high level very soon. Again, when we see the price of Bitcoin temporarily falling, we think that the price of Bitcoin may go much lower. We all know that half of Bitcoin is already complete. Before this Bitcoin halving was organized, many predicted that the price of Bitcoin could reach $100k and many commented that the price of Bitcoin could fall to $50,000. None of these people's predictions came true as Bitcoin is now at $66,000. Now everyone is predicting or predicting that bitcoin price will reach 100k dollars but it needs time.

Mahanton

hero member

Activity: 2688

Merit: 625

Quote from: Woodie on April 23, 2024, 09:00:14 AM

Quote from: kentrolla on March 29, 2024, 03:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

There is so much volatility going on at the moment where price keeps dancing between $64K & $66K thanks to the recent Bitcoin halving we had, and usually there is a tendance of price dipping then it consolidates most of the time... And after a couple of months later the effects of the halving take place...

So in a nutshell, price shouldn't dip below $60K for us to see a new All time high this year and once a psychological barrier is formed or rather a safety net we can now speculate about the 70K or maybe even $80K this year for sure as institutional money is the game changer..

Totally really that hard to guess or predict on where it would be going. The price is really that gradually climbing up again on 70k but we dont know if there would really be an another run when we do speak about correction.
The strongest support would be sitting around 58-59k on which if this one would really be having that breakout then we might be seeing 54 but well its really that hard to guess on where it would be ending up specially
now that halving is over and we do have been waiting up for that 150+ day post halving before bull run would really be kicking out. Actually there's no one would really be gonna knowing on where prices would really be going on which everything would really be that random.

This is why it would really be just that depending on you on how you would really be handling up yourself on such condition considering that volatility and randomness is something
that we cant really be able to bare out specially if we do lack that kind of patience and that perseverance.

Topic: Bitcoin way forward - Towards $100k or $50k (Read 1118 times)