Topic: Bitcoin will never go below $50,000 again - page 6. (Read 2432 times)
This is not investment advice and I do not know the answer of the poll, however, bitcoin’s RSI has not fallen to this low since September of 2020. Bitcoin pumped from $10k to $30k after this low.
Exciting times for my never sub $50k prediction! $50k/$51k right now. The best chance of me being wrong was always a very near term correction, because the more time that passes the further away $50k gets, and we sure are getting that near term test now! Which way will it go??! 
Yes, we are near term test right now, at $50k, many weak hands have been shaken. And we a known that if this weak hands are at least eliminated right now, we might see the price going up in the long term.
Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.
I also believed that we will see a big super cycle of bull runs this year and the coming years. Bitcoin's narrative has change already, no more FOMO or at least it has been lessen because we have institutions that fuel this bull run in the first place. Now the boring price might be $50k, but in the next coming months we might see that at around $75k.
Anything that makes BTC go below 50k and probaly get to 45k, then that is the beginning of the bear market in my own opinion. I thought this bull run will last all through this year but time will tell and the next 2 weeks will play a crucial role.
For this week I am very sorry to say, we are still going to be following the same scenario, but that doesn't mean that its the end for Bitcoin bull run. It all depends if people will do it a second time.
Let's see what happens, stay tuned, there is more on the way.
Let's see what happens, stay tuned, there is more on the way.
Exciting times for my never sub $50k prediction! $50k/$51k right now. The best chance of me being wrong was always a very near term correction, because the more time that passes the further away $50k gets, and we sure are getting that near term test now! Which way will it go??!
Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.
As expected, history repeats itself and that is where we are now. We can't be all the time at the top, sometimes we fall down but I was not thinking that we go deeper just like what we experience last 2018-2019 bear season. Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.
And now, I was expecting more panic selling, weak hands will do the sell-off before it drops more while investors are preparing for their bags. What causes for their huge corrections stills untold or this is because of huge fees that Bitcoin holders suffered a lot.
Exciting times for my never sub $50k prediction! $50k/$51k right now. The best chance of me being wrong was always a very near term correction, because the more time that passes the further away $50k gets, and we sure are getting that near term test now! Which way will it go??!
Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.
Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.
Reading this post today I am giggling. We are around the 49-50k support and I think after a couple of days of cool down market will break this support and we might see 46-47k region. Something around which Tesla brought their second lot as far as I remember. The questions here are obvious whether this is just another big retracement by bitcoin or is it start of a new downward rally as it's the second time we have hit this support area in the same week. Moreover I am seeing the weekly MACD moving red. So either we are going completely in the bear trend or atleast a sideways market for a few coming weeks. But yes I have to agree this 49-50k support looks a bit difficult to break.
Bitcoin is going down, it looks like we are seeing now the same scenario in 2017 bull run, after such of course the correction has been happening and it stayed long. As per https://www.binance.com/en/trade/BTC_USDT.. the 24 hours lowest price is 51,500.00 usd, so definitely we are so close of going down below $50k... hold tight fellas!
And it suddently touches $50k + now before it rise to $51k again. The trend currently is going down, we might see a bloodbath but it's not really that bad, the market is shaked, weak hands will panic and in return we will see a stronger market.
Bitcoin is going down, it looks like we are seeing now the same scenario in 2017 bull run, after such of course the correction has been happening and it stayed long. As per https://www.binance.com/en/trade/BTC_USDT.. the 24 hours lowest price is 51,500.00 usd, so definitely we are so close of going down below $50k... hold tight fellas!
If we look at the movement of Bitcoin throughout April that never fell below the price of $ 50k, I am very optimistic that Bitcoin will not drop
below $ 50k again. Moreover, there are enough institutions investing in Bitcoin, this should give Bitcoin a very strong support price. I also believe
the support price at $ 50k is very strong, Bitcoin has also corrected several times below the $ 60k price and always manages to recover quickly.
So it should be that Bitcoin will soon rise again to a price above $ 60k.
below $ 50k again. Moreover, there are enough institutions investing in Bitcoin, this should give Bitcoin a very strong support price. I also believe
the support price at $ 50k is very strong, Bitcoin has also corrected several times below the $ 60k price and always manages to recover quickly.
So it should be that Bitcoin will soon rise again to a price above $ 60k.
I consider what happens with the news and the movement of bitcoin is still normal, because every time there is an increase there must be a decrease, even though I think the decline in bitcoin prices will not exceed 50k.
and besides that every time there is good news about bitcoin there is also bad news that will come, and things like that will definitely be everywhere and with anyone no one is perfect, and how we respond wisely and intelligently.
Something that often happens but the correction is still continuing, until now the lowest point is still happening what we see maybe a little panic even though we can enter from that to buy at a low price.and besides that every time there is good news about bitcoin there is also bad news that will come, and things like that will definitely be everywhere and with anyone no one is perfect, and how we respond wisely and intelligently.
If we look at the news, there are a lot of FUD news which causes many people to shake about the current state of bitcoin but even with good news, we always appreciate why FUD news always appears when it is at the peak, this is indeed a natural thing and we Can you see how much this correction will be completed?
With the quick bounce few days ago when flash crash happened I think it's not possible to go below that price. And if that happens, many buyers are prepared to buy at those prices. We saw from the quick crash a few days ago that it quickly bounce when it hit $50k. If bears manage to break that price then it is really a good opportunity for some people to enter the crypto space. I have some backup stablecoins so I am prepared if that will really happen. That is the perfect time to buy some cheap altcoins.
Never say "not possible" in bitcoin world, whatever you think that is impossible would definitely become more than possible very easily. Bitcoin was 20k at some point and dropped as much as 3k, that means it could very well be 8k by the same logic. I am not saying it will be 8k, I think it will probably stay above 20k if you ask me however I wouldn't be shocked about anything under 20k neither, I wouldn't be shocked about under 5k neither, this is bitcoin we could become 150k+ or we could become 5k and both of which would be possible in my mind. It is really harder to reach 5k nowadays, it would have to crash like 95% or something for that to happen and I am sure that will not happen, however even with that rare chance of it, I would still say it could happen. This is 5k I am talking about, think how possible it is to drop just few more thousand dollars.
I consider what happens with the news and the movement of bitcoin is still normal, because every time there is an increase there must be a decrease, even though I think the decline in bitcoin prices will not exceed 50k.
and besides that every time there is good news about bitcoin there is also bad news that will come, and things like that will definitely be everywhere and with anyone no one is perfect, and how we respond wisely and intelligently.
and besides that every time there is good news about bitcoin there is also bad news that will come, and things like that will definitely be everywhere and with anyone no one is perfect, and how we respond wisely and intelligently.
With the quick bounce few days ago when flash crash happened I think it's not possible to go below that price. And if that happens, many buyers are prepared to buy at those prices. We saw from the quick crash a few days ago that it quickly bounce when it hit $50k. If bears manage to break that price then it is really a good opportunity for some people to enter the crypto space. I have some backup stablecoins so I am prepared if that will really happen. That is the perfect time to buy some cheap altcoins.
We shouldn't listen to them anymore, this is 2021, we should all have matured enough to learn that they are still people who wanted to bring the market so that they can buy cheap bitcoin agains through manipulation like this.
There are always people who will want the market to go down, it will give them an opportunity to buy at a cheaper price, if there are shillers, there are Fudders, and they always have hidden agenda, this is a strategy that sometimes works in the market, we have matured investors who know the structure of the market and they know the stability of the market, I don't think Bitcoin will go below $50k, the support is so strong that it will stand these FUDS.
As you said, just more dips to buy into:)
Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.
That's true for one season so far and this season hasn't really gotten to the middle so we can't say for sure (or I can't say for sure) until it's over and I can experience it myself.
Below $50k will definitely make a lot of analysts say it's truly over but too soon to call any shots until we see serious activity on exchanges and Bitcoin gets hashpower back!
then we might be seeing further dips as of this month or even to the next but the movement is just really slow for us to consider that we are already on the dumping situation.Lets see on what would be the future months
to come and in regards with the price.If it dips out then why not take the opportunity to buy?
Buying while its dipping isnt something an easy decision to make but its up to someone if he could take on the risk.
As you said, just more dips to buy into:)
Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.
That's true for one season so far and this season hasn't really gotten to the middle so we can't say for sure (or I can't say for sure) until it's over and I can experience it myself.
Below $50k will definitely make a lot of analysts say it's truly over but too soon to call any shots until we see serious activity on exchanges and Bitcoin gets hashpower back!
We haven't heard anything about it after this tweet, so for now we should threat this as sort of FUD to sow on noobs investors so that they will panic and push the sell button. It's just sad though that many are still affected by this FUD.
We shouldn't listen to them anymore, this is 2021, we should all have matured enough to learn that they are still people who wanted to bring the market so that they can buy cheap bitcoin agains through manipulation like this.
I just see it as someone's trick to get cheaper prices. Market manipulators are too clever as they somehow manged to create a FUD by involving US government's action against institutional funds for money laundry charges. Spreading FUDs against bitcoin in terms of money laundering is not a new thing but here they tried by involving what is too hot on bitcoin ecosystem right now and that is the reason this FUD pulled bitcoin markets below $51k levels from $60k+ levels. Still as per OP, bitcoin remains stronger above $50k which is a good thing regardless what is happening around bitcoins. We shouldn't listen to them anymore, this is 2021, we should all have matured enough to learn that they are still people who wanted to bring the market so that they can buy cheap bitcoin agains through manipulation like this.
Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.
Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.https://u.today/this-tweet-just-erased-288-billion-from-crypto-market-cap
The tweet had been already deleted or not avialable.
https://twitter.com/Fxhedgers/status/1383611847144730626
FUD is never a new thing.
Just discuss this fud to my friends earlier and we didn't believe about that tweet since we know its a manipulative act by the whales to create panic to the weak hands and seems they are pretty much effective since successfully move the market for just spreading that fake information. So for newbie traders better to learn from this since if they keep listening to more upcoming fuds they will lose more money if they will get panic easily.
We haven't heard anything about it after this tweet, so for now we should threat this as sort of FUD to sow on noobs investors so that they will panic and push the sell button. It's just sad though that many are still affected by this FUD.
We shouldn't listen to them anymore, this is 2021, we should all have matured enough to learn that they are still people who wanted to bring the market so that they can buy cheap bitcoin agains through manipulation like this.
I voted I don't know even if the market is doing great at this point in time, one of the thing I consider was the March scenario when the pandemic broke out, nobody saw this coming and nobody predicted it, but it still happen, how can we be 100% sure that it will not go down again, when there's no certainty in the market and the saying that invest only what you can afford to lose is always true.
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