Bitcoin will never go below $50,000 again - page 3.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: BChydro on May 10, 2021, 12:58:39 PM

Quote from: Febo on May 10, 2021, 10:52:05 AM

Quote from: rhodelmabanal on May 10, 2021, 06:45:29 AM

Bitcoin will maybe go below 50k$ but not this year, ...

I think you are very right here. Net cycle bear market will bottom right around $50k price market so very patient traders will be able to buy Bitcoin at $50k about two years from now. Of course $50k Bitcoin then will be a big doom and gloom.

I think it is wishful thinking to expect the market to be bottom around $50k. i am expecting the price to have a major correction later this year or early next year because we need to understand that the rally started earlier this year if you compare the rest of the rallies and hence i am expecting the bull run to end early, only time will tell whether my speculation or yours will win in the end Wink

.

How it started early? In January 2017 Bitcoin reached old ATH of $1100. So we can say Bitcoin rally started then and lasted until December 2017. 11 months. In December 2020 Bitcoin reached old ATH at $20k. And right now is at about 2.5 of old ATH, the same as was end of Spring 2017. To me bull runs look identical and top should be expected in November this year much higher as is price of Bitcoin right now.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

Quote from: pooya87 on May 11, 2021, 12:18:10 AM

Another normal thing each time bitcoin stabilizes or goes sideways, the shitcoin get pumped. It doesn't change anything about bitcoin's future rises though.

In recent days, ethereum has had a fairly large dominance and the effect is that ethereum has experienced a fairly large increase in prices in the market, in contrast to what happened to bitcoin which has experienced relatively stable price movements and tends to decline in price, although not too drastically, but in these conditions it will usually be many people buy bitcoin so that the demand for bitcoin continues to increase and it is likely that the price of Bitcoin will go back up, even though currently the price of bitcoin is very high but of course it is not a barrier for people to invest.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: ubercool on May 10, 2021, 01:30:15 PM

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price.

It is normal for people on this forum to answer this way when the price is in a sideways action like the past week. Ask a similar question when price breaks $60k and reaches $70k in a week about if bitcoin is going to go to $200k in a month and they would answer yes!

Quote

We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Another normal thing each time bitcoin stabilizes or goes sideways, the shitcoin get pumped. It doesn't change anything about bitcoin's future rises though.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: ubercool on May 10, 2021, 01:30:15 PM

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

It's probably because majority of us still thinks that we are in a bull cycle, including me.

Don't you worry about ETH eating bitcoin's dominance, I think this is healthy for us in the long run. We might have to stay in the $50k-$55k range. But once we had a good break out run, for sure $60k-$70k will be the next targer. We have seen this kind of movement before and this could be normal. Just a matter of time, and for us, we should continue to accumulate at this price range.

STT

legendary

Activity: 4102

Merit: 1454

I got 47k as bottom of the range so we can step over that limit a little at least as it would fit into prior price action anyhow.

Very basic but quite reasonable, this is the action since Feb pretty much and early Feb this range low was visible as something of a ceiling of course the big number of 50k was some hesitation. Breaking back under the 47k bottom part of the box we're in would likely mean we explore prices across the whole rally even back to before xmas which is not the bullish scenario some have come to expect. Just staying within this boxed in range should be considered normal I think. As we've failed to break upwards that kind of repeat is what Im looking for in a very general sense.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: proudhon on May 10, 2021, 04:52:40 PM

Quote from: ubercool on May 10, 2021, 01:30:15 PM

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Very easy to go below $50k and probably will this week. Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore. It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

How many times we see such thing? Many times bitcoin land at $50k below spot guess what happen? The price pump again since many people are securing to fill their bags for better results, see what happem to them and they are happy earners. I don't know if we can go to $10k level since for now bitcoin is strong and there's a huge support from it to not go below on that said figures. Maybe we cannot see it by this year but if that really happens then its time to fill our bags again and hodl.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: ubercool on May 10, 2021, 01:30:15 PM

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Very easy to go below $50k and probably will this week. Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore. It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

ubercool

hero member

Activity: 1078

Merit: 504

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

BChydro

hero member

Activity: 1426

Merit: 506

Quote from: Febo on May 10, 2021, 10:52:05 AM

Quote from: rhodelmabanal on May 10, 2021, 06:45:29 AM

Bitcoin will maybe go below 50k$ but not this year, ...

I think you are very right here. Net cycle bear market will bottom right around $50k price market so very patient traders will be able to buy Bitcoin at $50k about two years from now. Of course $50k Bitcoin then will be a big doom and gloom.

I think it is wishful thinking to expect the market to be bottom around $50k. i am expecting the price to have a major correction later this year or early next year because we need to understand that the rally started earlier this year if you compare the rest of the rallies and hence i am expecting the bull run to end early, only time will tell whether my speculation or yours will win in the end Wink

.

quins

newbie

Activity: 29

Merit: 0

based on my opinion the BTC right now is not low because of our current situation, its because we are still facing a pandemic more demand and this transaction is being used by prominent people as of now.

Pierre 2

legendary

Activity: 2436

Merit: 1366

It is very hard for me to predict exact numbers for bitcoin under influence of bear market. Currently bull market is so strong there are noone with hopelessness about future. But I lived through bear market and it makes people think differently. Never underestimate human psychology. I think it won't drop below 20000-25000 ever, but 50000 is nothing. It will definitely go around 40000s easily.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: rhodelmabanal on May 10, 2021, 06:45:29 AM

Bitcoin will maybe go below 50k$ but not this year, ...

I think you are very right here. Net cycle bear market will bottom right around $50k price market so very patient traders will be able to buy Bitcoin at $50k about two years from now. Of course $50k Bitcoin then will be a big doom and gloom.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: thecodebear on April 14, 2021, 03:24:27 PM

Today is April 14th 2021, Bitcoin is trading at $62k - $64k today. It just spent basically two months building support around $50,000 in a very non-bull-run like fashion. This is because this bull run isn't gonna be a relatively short FOMO-driven huge peak and giant crash + crypto winter. We're at the beginning of a years-long super cycle that is gonna shoot Bitcoin from $10k up to well into the the hundreds of thousands over the next few years, with no crypto winters during that growth. Retail is calmer less FOMOy, institutions are coming in and by definition are more wary and less FOMOy, and with Covid + money printing the narrative around Bitcoin has finally evolved from speculative get rich scheme to store of value gold 2.0.

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!

Obviously the poll is correct , it is a NO ...

because Bitcoin fell down to 40k Level last week and there is a tension that this may fell down to 30k level badly.

rhodelmabanal

full member

Activity: 1251

Merit: 103

Buzz App - Spin wheel, farm rewards

Quote from: zanezane on May 08, 2021, 11:41:59 PM

Too early to say that bitcoin is going to be dipping back to 50k again if it is lying in between 60k and 50k, maybe when we finally reach the 80k threshold, we might be able to ascertain that bitcoin won't go down to 50k again.

Bitcoin will maybe go below 50k$ but not this year, i saw that the price movement is in favor of rising than dropping because everytime that bitcoin drop it always recover in the next few days or weeks, and it always bounce back with greater value so i think it will never fall below 50k$ this year.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Too early to say that bitcoin is going to be dipping back to 50k again if it is lying in between 60k and 50k, maybe when we finally reach the 80k threshold, we might be able to ascertain that bitcoin won't go down to 50k again.

Kemarit

legendary

Activity: 3080

Merit: 1353

^^ The big sale happen like 7-8 hours ago, when the price hits its peaked at $59,xxx.

So I guess that will be the big barrier for now, but I would say that it's a normal movement, $59,xxx sell off, going down a bit and then it will try to break that number and move to $60,000. So still, we are in the bullish phase. The exponential growth though might slow down as we are entering $70,000 and above.

rahmatrf331

member

Activity: 588

Merit: 12

https://i.imgur.com/3fXQC4m.png

Quote from: LUCKMCFLY on May 07, 2021, 07:08:14 AM

For now in the short term I do not think it will fall below $ 50k, there are many opinions and technical analysis that talk about the movement of Bitcoin, the bulls have pushed the price to keep the price above $ 50k, based on what is expected by Part of the S2F model is that the bullish trend is activated at any time, however in this short-term analysis they show the following:

Quote

It is now facing resistance near the $56,500 level and the 100 hourly simple moving average. The next resistance sits near the $56,800 level. It is close to the 50% Fib retracement level of the recent decline from the $58,418 high to $55,294 low.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-holds-key-support-55k/

When viewed on the web that you attached, bitcoin is currently in one hand being tested to reach a higher price, but if the test is not fulfilled or it fails, the possibility of bitcoin will go down. BTC formed a short-term peak near the $ 58,500 level and recently BTC started moving downwards. looks like there are big sales under $ 57,000.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

For now in the short term I do not think it will fall below $ 50k, there are many opinions and technical analysis that talk about the movement of Bitcoin, the bulls have pushed the price to keep the price above $ 50k, based on what is expected by Part of the S2F model is that the bullish trend is activated at any time, however in this short-term analysis they show the following:

Quote

It is now facing resistance near the $56,500 level and the 100 hourly simple moving average. The next resistance sits near the $56,800 level. It is close to the 50% Fib retracement level of the recent decline from the $58,418 high to $55,294 low.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-holds-key-support-55k/

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: ecnalubma on May 04, 2021, 06:46:44 PM

Crypto market is wild and prone to manipulation theres a possibility that Bitcoin price might drop below $50,000 or deeper but not going down to 5 digits probably now that its more stable than before. These huge gains could be wipe out soon if the bear market takes over better to prepare.

In fact, the volatile level of bitcoin is very large, there is still a high chance that the price of bitcoin can fall and stabilize below the price of $ 50k, as happened a few days ago when the price of bitcoin was again below $ 50k. luckily, bitcoin price has stabilized over $ 50k at the moment. well, just as the price can go up a lot, it can go down too. we don't know what the future holds. I just hope the bitcoin price goes higher soon.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: inoes on May 06, 2021, 06:20:13 PM

and it is proven that to this day altcoins can even party.
note: bake, sol, tko, bnb etc.

You mean shitcoins can pump.
That's normal and the altcoin market has always been behaving like this for as long as I have been around. Each time bitcoin is stuck in a sideways action (that is going from $57k to $53k and back up to $57k again) the day traders move their funds to the shitcoin market and start pump and dumping them to increase their capital while bitcoin is getting ready for the next leg up.
That is why as soon as bitcoin breaks $60k the streets will be painted by altcoin bloods.

Topic: Bitcoin will never go below $50,000 again - page 3. (Read 2494 times)