Topic: Bitcoin way forward - Towards $100k or $50k - page 2. (Read 1253 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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..

So far, the price is steady at $66k after the halving. And so I would say that we should just be optimistic that after the halving, we will not see $50k or lower. There are still the war behind that could potentially affect the price. But who knows, when we hit the bull run, it's hard to stop and so with that, maybe next month and moving forward, $70k and then at the end of the year we might be close to that 6 digits that we all have been speculating since the start of the bull run.

Patience is key and we need to compose our selves in the next coming months.

On the other hand, if we can accumulate Bitcoin the better. And not just be concern whether $50k or $100k is going to happen this year.

The chances might be low but let that not convince you because the chances can change any time and it becomes high. There's no time that Bitcoin can not change from what people think would had happened to another thing. If Bitcoin does not show strength that it can challenge for the highest price it reach before the halving in a few weeks time, some investors will begin to lose patience and they will start selling. Many people still think Bitcoin can get to a new highest price very soon therefore they are holding but if it does not happen and we begin to see the market dumping others will follow and Bitcoin will fall to $50,000. Bitcoin going to $100,000 is possible an it also going down to $50,000 is possible too. Everybody that has invested wants Bitcoin to go to $100,000 but we should not be disappointed if it falls to $50,000. After the news of Bitcoin halving successfully, I think Bitcoin has to go down in price before we begin to see another pump in the market.

You may be right by Bitcoin not hitting or going below the $50,000 mark anymore this season, and my reason is that I've always believed that the asset will determine the fate that will be meted to it after halving. I read my chart very well and for now, it is biased towards the bullish path, this is even as Bitcoin has retraced so well before the halving. It is an opportunity that the halving met it at the ending time of the retracement which is a very good development for the bull lovers. However, I continue to see bullish price action on the higher charts which is a further encouragement that the asset could rise. This is coupled with the hesitation of the market to breach below the 1W Fibo support level level of 23.6% at $59,940. The level proved so significant this season and the fact that the market maintains a bullish price action above it means that it is on the bullish path, and it will likely go higher to hit again the year's ATH at about $73,850.

Also, to buttress the existing points, the important 1D Fibo level of 23.6% at $65,432 was successfully breached higher yesterday with the market having a daily close above it. These are important reasons for Bitcoin to move higher over time, and a breach of $73,850 can set it on a higher path that will cause the journey towards the much-expected level of around $100,000, but this will take time. Nevertheless, let's see how it behaves around the TrendMagic resistance level of $67,629. The breach of the level higher should be able to add credence to this positive development.

Obviously when it comes to bitcoin no scenario can be discarded, but the chances of bitcoin going below 50k at the moment do not seem to be that high, after all the price of bitcoin still remains close to its ATH, meaning that investors as a whole still think that bitcoin is likely to challenge that ATH soon, which is why they are holding their coins and they are not willing to sell them, since in their minds it will be a mistake to sell bitcoin now, when they could do so for a much higher price during the next months.

Seems a little stretch if we are going to assume a 50k$ or even lower than that there was a huge resistance that needed to be break in order for Bitcoin to drop that low, I mean I was really hoping for it to break since its going to be a huge opportunity for a higher profit in the future for sure, But seems like it already adapts to a lot of things at the moment, like banks, ETF, companies, countries etc. Still we don't know what is going to happen in the market, the market price was around 50k$ I think around February before it reached new resistance on a new high so its only around two months, it was fast so I was thought that it is still possible the faster the market price skyrocket the higher the chances that there will be a correction for sure, market is not gonna keep up for sure.

Also with the halving involved traders are going to realize that it is difficult to break the new resistance of the new all-time high, I was really expecting for the market price to increase around 80k$ but it didn't yes it did break all time high but it was only a few thousand dollars. When traders realize that brick wall there will be a sell of that can cause panic selling just like what happened in the past.

All we need to do is keep waiting because after all, all forms of speculation that occur for now only time can prove it.
If you look at the situation that happened, the chance to go down is still there in the end but we also don't know what sentiment will happen for the next few weeks or months because when there is a sentiment that arises it can affect the movement of bitcoin regardless of the current candle.

For example for some time where corrections occur and many people associate this with the conflict that occurred in the middle east but it is possible that after this there could be some good news that makes bitcoin continue to be maintained.
Even if in the end $50k happens I will not experience significant problems because I will only continue to focus on what I want to do where buying is the best in the end.

Of course, price corrections are inevitable. And because of that, it would still be possible to see bitcoin price dips into $50k again. However, upon seeing the market price movement and stay longer in $65k-$70k price duration, I really think that we are currently heading into a higher price. Although we won’t be seeing immediate price increase as of this moment, but I believe this will happen soon, because this is what I observed from those past halvings for bitcoin.

Cryptocurrency is so unpredictable if someone predicts the price then it does not mean that price will surely touch that value but predictions are made according to the effects of past occurring events.

Holving has taken place and now we have to be prepared for more fluctuations because these fluctuations will bring new all the time high value which will cause other altcoins to show growth automatically.

Before halving it did not go below the value of 60k$ but in a few months maybe we see such a dump because the price cannot go to 100k$ sumispicially without going through any declining phase.

In general, bitcoin price can be both pumping or dumping after the halving event. So these two predictions might be really possible considering that bitcoin itself is highly unpredictable.

However, based on my own observation in the market, it's most likely to rise up again after halving, and may head into entering $75k to $80k in few months from now. I believe this would be the upcoming price trend for bitcoin so far, unless if massive price correction will suddenly hit the market and ruin all our positive speculations.