Topic: Bitcoin way forward - Towards $100k or $50k - page 5. (Read 1253 times)

Let's hope bitcoin will not drop to 50k USD but don't be subjective that it will never drop to 50k USD, anything can happen. Once again, I see that bitcoin is going against the crowd's expectations because all over social networks and forums are expecting higher prices before the halving, and bitcoin is trending down. This is not the first time but I also chose to follow the crowd and it seems like things are happening.

Predictions are ultimately just predictions and can be right or wrong, all we can do is pray because we cannot know what will happen next  .

Fluctuations occurs all the time in the price of bitcoin as well as other coins and few days has been remaining in which there will be more Fluctuations but I assume that price will not go down from 50k$. Once it reduces to 50k$ then most of the people will leave to hold bitcoin as at that state there will be a condition when everyone will think that Bull season has been finsihed.

Bitcoin is at 67k$ which is not much higher as everybody has created hopes but still there is a trust the it will grow after halving. Fluctuations are common and one cannot deny it but we can move our thoughts in the direction in which market goes.

Of course we have to be aware of market economic conditions so that we can cut profits at the previous highest price if we want to increase the value of portfolio assets. I always carry out an investment strategy like this rather than holding assets for the long term, but I will buy back at a lower price.

This investment step is to increase the asset value higher than before even though the investment strategy is not recommended but I have successfully carried out this investment strategy from the last market period and I have achieved higher profits compared to having the previous amount of assets.

I am not speculating or advising anyone about market rather seeking suggestions as it may help us understand what others think of the current market trend and the pointa they have considered to conclude their opinion and to be honest the past event hints cannot be trusted as the hints from past years and cycles have been proven to be incorrect this cycle.

The reason for the pump in the bitcoin price is the halving in the bitcoin price and which leads to the rise of the price of the most of the cryptocurrencies.The potential crypto currency surely change based on the bitcoin,other currency may or may not impacted by the price change in bitcoin.As we come across the 70k dollar in the bitcoin price,the next target of the bitcoin will be 100k dollars.So the better way to hold your money is hold the money in the bitcoin.It help to multiple your holding dollars in the wallet by the raise of the bitcoin value.It’s almost not possible for the bitcoin to back to the 50k dollars because we are in the bull run due to the bitcoin halves.



The many people start to inverse in the bitcoin by getting loan from their friends.I had come across some of the forum members had requested loan to inverse in the bitcoin because of the next bull.Because the bull run in the halves will help the investors to make huge profits by investing in the potential coins.The money should be invested after the investigation of the cryptocurrency,even the experienced traders use their money to inverse in the bitcoin without investigating.Because the bitcoin had the biggest base of decade and many was in bitcoin over a decade by holding their valuable money in bitcoin to earn huge profit.

If this can really happen to the market and also to Bitcoin this year, I think everyone will definitely be more prepared in waiting for this to happen. Both mental readiness and capital readiness to buy again when a decline occurs in Bitcoin and also in others. Because everyone still really wants more profits through Bitcoin in the current moment, there will definitely be certain parties who sell Bitcoin before the halving occurs, which can cause a decline in the price of Bitcoin in the market. So this is probably something everyone will be very wary of before the next bull run in Bitcoin.

In my opinion, we are still in a short correction for now. To be honest, if it goes down to 60k, it really means that it is possible that the lowest momentum it can reach that depth is 50k-55k before the halving itself comes of Bitcoin.

Because I also believe that when the day of the bitcoin halving comes, Bitcoin will for sure rally again in the market at the same time as the top altcoins, and after the halving, another correction will happen again, and we don't know how deep it will happen again. And that is the thing that we will find out that day itself.

Corrections are not a new experience in the market even though we are in the bull season but don't get too quick to judge and say, we're going down because it dropped already, and never say we're going $100k because it pumps. The journey of Bitcoin is way forward but of course, not that fast and easy. We may hear people speculating too high like $100k, $150k, and $200k as a new ATH but none of us knows what is coming. Indeed, it was just a sort of market speculation and possibly be wrong no matter what.

Anyway, we enjoy speculating the market and we did based on what we see. The past events give us hints about where we are now but are not enough to tell us where we are going a few years from now.

I doubt if Bitcoin would get to $100k so soon because there are projections in to the halving before the expected Bull run and all these definitely influences the response and the attitude of traders and investors in Bitcoin so we shouldn't be expecting a surge in price with enough reason for reactions that will cause such surge and one of the reasons such reactions could actually happen is the anticipation of the bull run but firstly there was much nosie in recent times that tool Bitcoin to $71k due to the recent happenings around Bitcoin one of which was the announcement of SEC approval of ETF and also the anticipated halving which is expected to take place weeks from now.

Understanding the happenings around the Bitcoin community will help a lot to predict possible movement and price of Bitcoin over a certain period of time not mare speculations and exaggerations from speculators, if you want to speculate price check for possibilities and the time frame realistic enough for certain movements to take place to influence the price of Bitcoin after which you can then get to a realistic figure even if this actually does not guarantee accuracy but it will actually mean a whole lot to how well your speculations would make sense enough.

There are even people who do expect for that $35k drop but usually they are really that project to 50k drop but the main question is, would it happen? Or we would really be considering that 60k+ drop would be its last
before the train leaves? No one really knows on what the future looks like on which it would really be just that normal that we would really be having those hesitation on making up some position specially when you are doing futures or even on spot. If you are someone whose really that comes after for long term holds then these movements wont really be an issue or bothersome on your part.
There are really just that moments that we cant really be able to avoid not to mind on whats next for this market.

Forward or backwards? No one knows on whats next. Market sentiments could neither give out that effect or not. Not every news or fundamentals could move or impact market prices.
Even if we do speak about technical approach on which its not really be that a guarantee.

While it is always difficult to say what will happen in the short term, it is very likely that Bitcoin will trade steadily with some small price drops instead of falling to $53k before the halving.

My view is that Bitcoin will remain stable at around $65k - $70k until the next halving. It is then likely to send the market soaring, marking the new start of a sharp rally towards ATH.

There will always be speculators who are like that but it does not mean they are worried and they will only buy more once BTC truly dips. Halving is the main event and the huge pump can only come during it which will cause more people to sell and that must only be time for us to see a dip in the price of BTC.

The effect of ETF must be responsible for the new ATH that we see right now but not only institutions are pouring their money here but also regular individuals. They are now more confident to invest in BTC this time. Seeing $100k is already fun and there might be a correction first or a bear market after it which will allow us to see $50k again before $150k.

Support at the beginning of this week was seen at $66K even though it was below that for a few hours, but I also don't think that the Bitcoin price will go straight to $60K this week or next week. Because the purchasing power of many people is definitely still there and it will continue to be utilized by everyone who doesn't want to just let this happen, but for now we all also need to see whether the whales will release some of the Bitcoins they currently have. If they do not release a certain amount of Bitcoin at this time, the possibility of another price increase could occur in the near future.

well its good for some and not good for some thats just how it is with investing but I don't think that $50k could be touched this bullrun around the halving is near only half month left and we are in a halving already where price of bitcoin expected to shoot up, not instantly but gradually like the previous bullrun and then suddenly went up high enough to reach unthinkable heights and thats what I'm awaiting.
personally if the price just dipping out and decrease lower than $60k, indeed its gonna be a good accumulation zone for those that try to get in, we haven't reached the all time high of targeted $100k as many people haven predicted after all so there's many opportunity left.
personally though i prefer if the price just shoots up to $100k instantly thats gonna be huge and the next bullrun might not be dumping too low, remember past bullrun significant price decrease of 80% and more is caused by certain company went bankrupt and certain coin depegging where the market cap reaches billion and suddenly gone.

If someone wants bitcoin to drop to $50k or more then they will always have a way to make it drop, they don't need to use black swan reasons like FTX or Luna. Because I don't see a drop to $50k as a huge drop, and it's entirely possible. Bitcoin was able to surge from $17k to $73k within 1 year, so it is not surprising that it corrected to the $50k region.
Currently, bitcoin is trading below 67k$ and I think no one expected this but it happened, so what we need to do is have a backup plan, don't be subjective and think that 50k$ won't happen.

I do agree that 50k will probably never happen again. I believe that it won't happen these days, that much is guaranteed and I can see that, but at the same time we need to rethink about how we are going to be doing in the future as well, so that means we will have a bull run where the price goes up a lot, but then we need to reconsider the situation a bit more. What comes after the bull run? A bear run, and that means we are going to face a bear run in the future as well. Would it go under 50k next bear run?

I mean we have seen 70k and then under 20k last time around, so we know that it can go down a lot. I am not entirely sure if we can stay above 50k on the next bull run, it depends on the bull run and how high it goes.

And we dip a bit further now to $67k, but I don't think this is a concern or we need to panic. We have seen worst from $73k-$62k. Maybe it's the usual taking the profits when we hit like $71k earlier. There could be manipulations but I don't think that they can influence and make the market dip to $50k. Yes, going back to $50k is good as we can go buy cheap BTC, but I don't think there will be any news that can pull that price unless their is a big exchange exit scamming or collapsing, like a black swan event in FTX and SBF like scandal. We are in the bullish sentiments and we are just patiently waiting for the block halving to happen and then $100k this year.

True, financial institutions are capable of that and as I type this message I already see some panic as Bitcoin is on dip and trending around $68k so we cannot control the emotions of people which will be used as leverage by the institutions or whales if they decided to go for it. If te support at $66k breaks then itay head towards $60k which would be another opportunity for those who missed out but I think it's not gonna happen anytime soon or atleast this or the next week.

price going back to $50k is actually good for us especially if you have been late in buying BTC and if whales permits, i think many of us will take this as a good sign that we are indeed blessed to see this happening. it may or may not happen but just get ready. $50k could be a bit too low around $60k will be fine. but you'd still be grateful if we'll see the price shoot to $100k. 

so many people hyping halving guarantees prices to go up, if financial institutions have to manipulate and change that view, making people panic during halving will make sense for them 

I have this feeling that the price will no longer drop to $50k or below, but will stay on $60k range for now. But eventually, as we are fast heading to bitcoin halving, we will expect a higher price than the current price right now which is around $68k. If I were to speculate, I would say the target will be $100k above, which I find it more reasonable because aside from the ETF approval, bitcoin price may surprise us again by doubling its price just like it did a while ago.

I believe majority are optimistic about bitcoin price, but if the market won’t allow it and drop below $50k instead, then we’ll have no choice but to take advantage another opportunity again to accumulate more bitcoin and continue with DCA.