Topic: Can the price Hit back $50k this month? - page 5. (Read 752 times)

Can you give us a little reason why this needs to happen? because if not then there is nothing we can expect this month or even in the coming months, if bitcoin did not manage to break even 25k in this quarter then what would be the reason in the 3rd quarter?

And if you don't wanna lose hope then there is nothing wrong and that is Ok but remember that this will only be a frustration if you will not reach your goal, so just let the price moves on what is necessary for now.

Well I think a miracle must happen for btc to go back to 50k all of a sudden. Honestly just look at macro economics and you may know what I am talking about. The world is entering a new phase, where QE will hurt us a lot.

It might go to $50K but it won’t happen during a sideways July or August month. There is little liquidity now because it’s Summer and many people are on holiday.

Look at the stock market and you will see something similar. They are trading sideways because historically these are very low liquidity months and lots of chop.

Maybe in the Q4 we should get some action, either up or down.

I don't think the price can return to $50K this month or soon because apart from the fact that the market is still in bear season, it is still difficult to move up continuously because there is no more good news to cause raising prices, as well as according to what I read, because of future reversal problems that may be affecting.

Not all the time our speculations will be correct, there is nothing wrong with being positive and hopeful but we must still be prepared for whatever the outcome may be.

What was the basis for your research as to why you expect Bitcoin to rise at that price again this month or next?

$50k seem too soon. a Regular person who have bought this dip will really get rich quick which is not going to make the market healthy. The market is getting good even if its just swinging from $18-21k, I think this will be a good price to find the bottom while there is a threat of possibility that it will also dive down to $13K which was being predicted also speculated. Its fair to say we are in the bottom zone.

No, I don't. But while I don't believe $50,000 will happen before this month of July ends, I also don't consider it impossible. It's simply a far possibility. I'd rather be realistic than wishfully thinking of something.

But I'm still interested to know how you came up with such a prediction. It is a big prediction. You are predicting a price that is too high only a handful must have detected it to be a possible target within the month.

I guess this is based on your perception of a bear market. For sure if 2019 wasn't a bear market, then I agree. But if 2019 was a bear market, as price made a lower high before dropping by 75% in price before finally making a higher low to confirm the end of the bear market, then clearly this statement isn't true. Just like back then many (if not most), including myself, were convinced that $6K to $8K would act as strong resistance for many more months, or at least there'd be a correction, because it had acted as such strong support, but in fact the opposite was true. Price broke through these levels with ease as there was too much short interest in the market and the liquidators had their way. Then by $10K the trend was considered bullish again, even though dropped dropped to $4K shortly after, which was no doubt considered bearish continuation.

Simply saying it's impossible is completely unrealistic. Just like saying it's impossible for Bitcoin to go to $0 (it can, even if it's unlikely). If you consider the bull market to of ended in May 2021, when momentum shifted bearish, then it's more than possible that price can return to $50K within the coming months, if indeed $17.5K ends up being the low, even if it remains unlikely at the moment - or unrealistic.

I agree it will take some time to get to 50k probably end of the year

According to your research?  From Where?
Still, the price is unpredictable, IMO.

Being optimistic is good but it should be near in the reality.  I don't think Bitcoin will reach back to the $50k range by next month, there was still a struggle on the price to resist and recover by this month.  It could be affected by the possible world crisis recession that most countries had faced.

It might that will happen in the last quarter of this year, expecting that there's a bull market come.

I have very good hopes for the next few months. IMO the bottom is in.
A lot of FUD yet you see the whales increase their stacks...

By looking at current events happening? it's impossible for bitcoin to hit back at $50k on this month, there's no huge factor or indicator that tells that bitcoin would really pump up fast until we reach that target. Maybe we can see bitcoin playing at the current rate because the fear of bear market season still the sentiments of the people so you need to be careful upon hype attempts so that you will not get fooled on false claim by other people.

We don't have a good feeling for the next few months. So it's just impossible to happen THIS month

You read "whale season" somewhere but I suppose that news was about the fish

There has never been a precedent when Bitcoin, during a bear market, suddenly recovered to its bull-market levels. Such rates of growth are only possible in bull market, and bull market needs an atmosphere of hope and hype in the media, while today people are discussing whether it will go to $10,000 or no. It's just impossible to go to $50k right now, if a dead cat bounce would happen, it would be no higher than $30k.

As with previous bear market recoveries the recovery will be slow to the point that it goes unnoticed.
Eventually it will start picking up speed but that will be 100days or more from now...

In the context of a bear market relief rally (dead cat bounce) then $50K can't be ruled out if $17.5K is a local low. The 0.618 fib retracement from $69K high to $17.5K low is $49.5K, which would be the equivalent dead cat bounce that was seen in 2019 from $3.2K to $14K, before price dropped to $4K. This wouldn't confirm that the bottom is in, only that this type of relief rally wouldn't be out of the ordinary for Bitcoin.

If you have an analysis to back it up, possible. Well, anything is possible in this volatile market. It could potentially be low or that high.

But going with the reality, the month is still long to end so that's why every possibility can be there. To have it all, I don't think that much for the highest price to come back if ever bitcoin bounces back.

I want to see it step by step and be stable first to $20k and then $30k and then expect those high prices like the one you've mentioned.

Safe haven for money to get through the storm.

Being optimistic isnt bad but of course you shouldnt really come into a point that those speculation of yours reaches out into those numbers which could really be hardly to be seen in a short span of time.

We do know that every push or movement forward would really be somewhat in need of some positive news/fundamentals which would act to be a catalyst on pushing up the price into the top.
Certain factors that could really affect it out but since this is a speculative or random market then its not precise on having those considerations.

We shouldnt talk about 50k first but rather minding on how to break that 30k and talk about the rest later on.

I don't think this your prediction will come to limelight this month. Let me refer you to this self quote.

how do you assume bitcoin will rise more than 100% in a worldwide crisis?