I think price will go below $50k again but after that the price will grow so fast. We are waiting to see the milestone of $100k in this year. Before reaching this milestone, bitcoin will go below $50k at least one time.
But as per most other people' speculation if we manage to go beyond $100 levels like $400k levels then there would be absolutely zero chances for bitcoin to be testing below $50k levels. But, like you expect if we scale only $100k this year then when bitcoin will be having 70% down fall during the bearish markets then there are absolutely possible to see again the $50k levels. I am just preferring not to see $50k levels anymore and also looking forward to test $400k levels by end of this year. 
Topic: Bitcoin will never go below $50,000 again - page 11. (Read 2432 times)
I would say its naive to think this market is exactly the same as the previous ones, when that clearly is not true at all. I never said we won't have corrections. There will be lots of corrections, we've already had two this year. I'm saying there won't be a massive 80% crash and crypto winter. The market has clearly changed, and it looks increasingly likely that we won't get another crypto winter.
It doesn't have to be exactly like the others to follow a similar pattern. It doesn't have to ba an exact 80%. If you check the charts you'll see that last bear markets did not lead to exactly 80% corrections, but even if it's a 70%, you're going to need a much stronger bull run to defend 50 thousand.
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Also, even if there is a big crash just like the previous cycles, you are assuming it only goes to $100k at the top. Already at this point it'd have to go much higher than $100k to get the type of crash that would lead to an 80% draw down. If there is a big top and a big crash, it'll probably take something more like $200k. But if you look at how the market has fundamentally changed from how it has been, a bit top and big crash like we are used to seems not particularly likely. The naive view is to think that everything will stay the same as it always has been, when we can already see it is different!
In 2013 the bull run wasn't that high. It was roughly 3x in December, pretty much like 20-60 thousand we had this time and it went straight down from there, back to $400 in a day. So it corrected more than 60% in a day.
I think price will go below $50k again but after that the price will grow so fast. We are waiting to see the milestone of $100k in this year. Before reaching this milestone, bitcoin will go below $50k at least one time.
I think it will, even in a moderately bullish scenario.
If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.
Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.
If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.
Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.
I would say its naive to think this market is exactly the same as the previous ones, when that clearly is not true at all. I never said we won't have corrections. There will be lots of corrections, we've already had two this year. I'm saying there won't be a massive 80% crash and crypto winter. The market has clearly changed, and it looks increasingly likely that we won't get another crypto winter.
Also, even if there is a big crash just like the previous cycles, you are assuming it only goes to $100k at the top. Already at this point it'd have to go much higher than $100k to get the type of crash that would lead to an 80% draw down. If there is a big top and a big crash, it'll probably take something more like $200k. But if you look at how the market has fundamentally changed from how it has been, a bit top and big crash like we are used to seems not particularly likely. The naive view is to think that everything will stay the same as it always has been, when we can already see it is different!
I think it will, even in a moderately bullish scenario.
If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.
Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.
For those of you who say it could be different this time, it sure could be, but TA tries to predict future moves by watching past ones. It gives us probability and we had at least 4 bull runs that followed the same pattern so the probability is high.
If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.
Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.
For those of you who say it could be different this time, it sure could be, but TA tries to predict future moves by watching past ones. It gives us probability and we had at least 4 bull runs that followed the same pattern so the probability is high.
After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train
If it's different then I'll be making more money in the future
I have reservations about this. If my wishes are to be given significance, Bitcoin will never go below $50,000 again, but the history of Bitcoin is full of surprises. Bitcoin has proven that it could fall much higher than 50%, so if that is possible then a fall from $60,000 to $50,000 is much more possible. That's less than 20%. But since we are in a different stage of mass adoption today, there is a stronger reason that it might not. For now at least, Bitcoin is more possible to reach $100,000 than $50,000.
Bitcoin is a good investment at the moment but don't be so oblivious. Too much confidence will cause you pain.
Even I am a bitcoin believer, a 2018 crash leaves a scar on me forever. Institutional investors are the ones creating this hype and with this power, they can easily reverse the condition. Nothing hard. Grayscale just needs to press a button and boom, 1 million bitcoin will be sold immediately.
The situation is unlikely to happen in the near future. Nevertheless, it is important to note it.
Even I am a bitcoin believer, a 2018 crash leaves a scar on me forever. Institutional investors are the ones creating this hype and with this power, they can easily reverse the condition. Nothing hard. Grayscale just needs to press a button and boom, 1 million bitcoin will be sold immediately.
The situation is unlikely to happen in the near future. Nevertheless, it is important to note it.
My vote is I do not know because I am sure nobody will know for sure.
We can only wait and see what will happen to bitcoin, but even if the price is down deeper, it will be our best time to buy more bitcoin.
I guess many people will be happy to see the price is down deeper because they can buy bitcoin at a low price that they can not do before.
But if the price goes down deeper, we need to wait for a long time to see bitcoin price will start another rally.
We should enjoy this moment instead of thinking about how deep the price will go down.
We can only wait and see what will happen to bitcoin, but even if the price is down deeper, it will be our best time to buy more bitcoin.
I guess many people will be happy to see the price is down deeper because they can buy bitcoin at a low price that they can not do before.
But if the price goes down deeper, we need to wait for a long time to see bitcoin price will start another rally.
We should enjoy this moment instead of thinking about how deep the price will go down.
For these reasons, Bitcoin will never go below $50k again, even if we get a decent crash at some point like most people expect based on past market cycles (and yes I've been in crypto during the two big crypto winters), the bottom still won't go under $50k. Do you agree? Hit the poll!
I am personally not convinced that the price will never go below $50k again, especially since the current price is only some $13k above that level and a drop of only some + 20% would be enough price falls below this level. Of course, you start from the assumption that this bull run will inflate the price of at least x3 or x5 from the present, and that the absolute bottom will not be below $50k - but these are just speculations, no one can say for sure that the past will not happen again.
Regardless of the extremely positive trend, there is always the possibility of some bad event that could shake all markets (example of declaring a pandemic = BTC 50% down), and BTC is still reacting to such events.
The only thing that we can do right now is to make an assumption, predict and nothing more.
This scenario that the OP has shared might happen or it might not happen.
As for me, my prediction with this is that I still believe in market cycles and in crypto market the cycles is usually happening every 4 years. Institutions, FOMO and adoption might be a factor with the recent rise of Bitcoin but I still believe that there will be a time that the market will make a correction and it we will see Bitcoin UNDER $50,000 when that correction comes. These factors might affect though where will be the bottom of the bear market or how many percent will it fall and maybe we might see a bear market like what happened in the past where the correction is near 70-90% of its peak price. I still don't get it while people are very optimistic when it comes to their predictions
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This scenario that the OP has shared might happen or it might not happen.
As for me, my prediction with this is that I still believe in market cycles and in crypto market the cycles is usually happening every 4 years. Institutions, FOMO and adoption might be a factor with the recent rise of Bitcoin but I still believe that there will be a time that the market will make a correction and it we will see Bitcoin UNDER $50,000 when that correction comes. These factors might affect though where will be the bottom of the bear market or how many percent will it fall and maybe we might see a bear market like what happened in the past where the correction is near 70-90% of its peak price. I still don't get it while people are very optimistic when it comes to their predictions
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Who really knows? Nobody knows.
But yeah I somehow agree on your statement above, but then again it's not guaranteed that we'll be staying above $50,000 even with these small corrections and strong support.
It has been quite a long time since we've seen a huge crash. So, I was thinking how sharp the crash would be. My intuition is telling me that when a huge drop occurs, Bitcoin won't go below $20,000.
But yeah I somehow agree on your statement above, but then again it's not guaranteed that we'll be staying above $50,000 even with these small corrections and strong support.
It has been quite a long time since we've seen a huge crash. So, I was thinking how sharp the crash would be. My intuition is telling me that when a huge drop occurs, Bitcoin won't go below $20,000.
After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train
I'm already fully loaded and retired thanks to bitcoin. I have 99.9% of my money in crypto. Don't worry, Bitcoin already mooned for me
I don't care one way or another if it goes under $50k again. My prediction is based on what the market is telling me, long term not short term, not based on what I hope happens. The market has fundamentally changed compared to 2017 and earlier cycles, I don't see a peak and crypto winter coming, I believe the market is saying those days are over. I could be wrong, but I think better than 50% chance I'm right and we don't see under $50k and we don't have a big crash and bear market.
Nicely put, and I agree will all your points, 2017 bull run is different from what we are seeing in 2021, it is not fuelled by big companies and institutions and then retail investors. FUD doesn't have the same effect as in the past. And we might not see a 4 year cycle, might be 2 huge cycles.
So it's better to be a long term holder or at least see bitcoin for the long term. If we cycle to $300 million then obviously the next will be huge that we can only imagine it to go to $1 million.
This cannot be predicted. Though, bitcoin has gone through everything to open a new, more glorious history page. No one else calls bitcoin a "bubble," but an asset, along with a huge incentive to accept it as an efficient means of payment. Proof is that Tesla launched. But regulations have always been the enemy of bitcoin and crypto. The higher the value of bitcoin, the more caution is needed. always remember the carnage early 2018.
Vote: I don't know
Vote: I don't know
I agree that long-run mean has shifted up significantly, but probably nowhere near the vicinity of $50k.
Markets are still irrational at the end of the day and people are going to be liable to panic dump when it comes to any sort of negative regulatory news. Even when the negative news has zero long term implications, markets are still going to overreact to it for sure.
I do expect a correction to come as a matter of time. But given the state of the FOMO right now, I doubt that we'll see it until at least the end of the year.
Markets are still irrational at the end of the day and people are going to be liable to panic dump when it comes to any sort of negative regulatory news. Even when the negative news has zero long term implications, markets are still going to overreact to it for sure.
I do expect a correction to come as a matter of time. But given the state of the FOMO right now, I doubt that we'll see it until at least the end of the year.
Well, if the bullish price is strong. It is hard to pull back below $50,000. But it depends, if whales doesnt sell off their bitcoin yet, then we'll gonna expect more bullish trends. However, if opposite thing happens and they sell off their bitcoin, it is possible that we reach it below that price. Hopefully, not. As I am one of those who are still doing some long term hold til now
Idrk, for real. And I honestly have no intention of finding out whether it's true or not, I'm just at that point where I'd mindlessly believe Bitcoin, EVEN if it goes below $50k again. I'd reckon that it's difficult, but hey who knows, we saw such a sharp drop back in March last year, and even if the situation was different from then to now, judging by the fact that it happened, it could STILL happen. It may not look much if we base it just on solid numbers, but the percentage of drop back then was quite steep.
Though tbh, even if it did go below $50k, Bitcoin is still Bitcoin. It's still the true decentralized crypto, and if Bitcoin's popularity dropped due to it going down like that, then I honestly think some people don't even know what it really is for.
Though tbh, even if it did go below $50k, Bitcoin is still Bitcoin. It's still the true decentralized crypto, and if Bitcoin's popularity dropped due to it going down like that, then I honestly think some people don't even know what it really is for.
After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train
I'm already fully loaded and retired thanks to bitcoin. I have 99.9% of my money in crypto. Don't worry, Bitcoin already mooned for me
I don't care one way or another if it goes under $50k again. My prediction is based on what the market is telling me, long term not short term, not based on what I hope happens. The market has fundamentally changed compared to 2017 and earlier cycles, I don't see a peak and crypto winter coming, I believe the market is saying those days are over. I could be wrong, but I think better than 50% chance I'm right and we don't see under $50k and we don't have a big crash and bear market.
It is very difficult for me to determine how much bitcoin could go down, the market scenarios are very big, anything can happen, just remembering that in the first cycle of Bitcoin when it reached its ATH of $20k it went in a very short time to almost $2 k, the market is unpredictable and honestly anything can happen.
For now I do not see possible that it falls below $50k, but if it is very viable that it happens, although it was a long time in the range of $56k- $59k it could have originated a liquidity pool to resist the bearish attacks, I think that the Highest resistance is at $46k.In an eventual bearish trend, which goes after the Distribution stage, it is difficult to determine how much the price can fall, so that the accumulation stage begins again, so I do not dare to give a probable price level to achieve if it goes down in price.
For now I do not see possible that it falls below $50k, but if it is very viable that it happens, although it was a long time in the range of $56k- $59k it could have originated a liquidity pool to resist the bearish attacks, I think that the Highest resistance is at $46k.In an eventual bearish trend, which goes after the Distribution stage, it is difficult to determine how much the price can fall, so that the accumulation stage begins again, so I do not dare to give a probable price level to achieve if it goes down in price.
After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.ATL is typically 1/6th of the ATH.
So getting below $50k will happen unless the ATH is above $300k
For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train
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