Topic: Hey! it's $50k today. - page 3. (Read 962 times)

A few days ago when the market did a bit of a correction after the bitcoin ETF approval, people started talking about the market turning bearish, but the market went uptrend again after that correction and broke $50k. And now everyone is talking about the market being bullish and breaking the new ATH soon, and this is where I fear a short-term correction is likely.

After Bitcoin halving, Bitcoin price will go uptrend again in long run, new ATH will definitely break and create new history again. And maybe then Bitcoin will achieve the $100k target.

I'm afraid the rise will not continue, pending the actual bull run.

If we follow the trend that a bull run normally happens after the halving, which we have less than 2 months for, then most likely this price will either drop or will stay at this level. https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00

Bitcoin's all-time high is $64k, so we are very close to the current price. However, we are expecting a more significant increase during the bull run. A 100% increase from the current ATH is possible, and that will translate to a new ATH of $128k, which, in my opinion, is just the minimum to achieve once the bull run is activated.

It is very likely that there will be a new Ath after the post-halving occurs, and this could be a new history of the revival of Bitcoin prices experiencing quite a sharp increase again.  After that the price movement is considered stable after a sharp increase in the next few months, futures trading activity will increase due to the enthusiasm of people who are tempted to make profits by taking advantage of the existing situation.

Currently Bitcoin price has touched $52K, there is a high possibility of Bitcoin price going higher before the halving. Since the Bitcoin halving will take place in April, the current Bitcoin bull run has begun. Every halving comes around the time, creating great opportunities for investors to invest. Bitcoin price experts have already estimated that after the halving. in 2025, the price of Bitcoin will peak.

At this point in time Bitcoin price is never moving towards $60k and above, it's just stock between $50-52k and it has a way of discouraging traders and those who plan on holding, sometimes it triggers that urge to start panicking. This week we haven't gotten the need to say Bitcoin price will go above $55k all we get is mostly the negative part of the movement and it stays that way for long, it would have been better to have Bitcoin price at $58k by now heading towards $60k+ but is like the remaining part of this month is not going to be positive.

Those were just a short drop caused by people who sold at the highest price since the last ATH and also caused by the traders activities. Nevertheless, I am quite optimistic that there will be no more sharp corrections until early next year. We all know how much hype the bitcoin halving can bring into the market. As we are getting closer to the next halving, we've seen nothing but a gradual progress in bitcoin's price. Now, it would be more interesting what's gonna happen in the post halving, as we all know, post halving can create a new ATH just like the past couple of halvings.

Bitcoin ETF came with a lot of hype and positivity for bitcoin and many bitcoin investors think and prediction of a new all-time high market before the next block size reductions,  although we may not be certain about that,  but also we may lack the analytical tools or data to speculate accurately what will happen in the next couple of weeks to months to come,  but before then we have to enjoy the positive impact of the ETF approval that has ushered in a new price dispensation.

So for sure, it may have been delayed before the positive effects of the ETF approval but then we have it now and the possibility for Bitcoin to go above the 50k region is very high even before Bitcoin halves comes.

So let's wait to see what action Bitcoin will be taking in the coming days,  but we have some positivity already to help us make near-accurate speculations of the market instead

Finally, after so much waiting and predictions, we are seeing bitcoin is sustaining above $50k. Now the question is whether it will be able to stay afloat above it or it will dive down again. The price movements we have seen these days seem quite strong, and I feel like the market isn't going to go down much from this point and we are probably heading towards the bull run from this point onwards.

To be honest, I wasn't expecting Bitcoin to hit $50k even before the halving event or even the month in which the halving is going to take place, but it surprised me, and now I feel that it is going to go around the previous all-time high even before the halving event and then we might see it getting stable a bit after the halving until it starts going up again after a few months.

That may be true, but in the last hour the price of bitcoin has tested the $50k support although now the price is back above $51k. Positive sentiment will not be maintained forever, so even though we are optimistic about waiting for bigger movements, the trend can change quickly.

Some people panic too much when corrections occur and this usually results in price dumping, and in the last 4 days I can confirm that the daily trading volume seems to continue to be less. This indicates a correction and today it occurred.

Effect of ETF approval? I guess so because the demand is too high compared to the total number of Bitcoins being created thus, increasing its price.

We've seen the price of Bitcoin above $50,000 for a week now, and I'm thinking that it might just continue to go up. The sentiment is bullish right now with the market, and with the bull market being anticipated, many want to ride on the train, so many might buy more hence, increasing its price. I don't see any reason as to why Bitcoin can go down. Grayscale is done selling their BTC already, and we are seeing the effects of Bitcoin ETFs already. Well, I'm bullish on Bitcoin for this year, but it will not be a smooth road of course.

Downwards movement? If there's a piece of negative news maybe. I mean the US stock market is kind of bullish right now, and the S&P500 just had its new ATH,  and both are correlated with each other. TBH, I don't see any reason for Bitcoin to go down below $50,000 at least for the next 2-3 weeks.

I always emphasize on this point that during increment of Bitcoin you don't have to be much excited or Jubilate about it because there's every tendency that the price might slide immediately the price hit to the expectation of everyone and it to might fall as I said, let us notice that or remember that it is not a prediction that makes the increment of Bitcoin it is because of the quantity of demand and the supply that is determine the increment of Bitcoin in the market so that can also affect the increment of Bitcoin because when the supply is higher than the demand the market will crash, so bitcoin reaching fifty thousand [50k] can fall at any point in time if the demands is lower than the supply.

I know quite well that the price of Bitcoin will it retrace if it happened to hit sixty thousand [60k] but it will find it very difficult to reach to this specific amount because I know quite well that far back 2017 bitcoin hit sixty nine thousand [69k] but later fall back to its base so what is the cause of it is because of the same demand and the supply I have been emphasizing on, not be surprised that are bitcoin is accelerating from fifty one thousand to fifty two thousand right now, it might fall within a short time due to investors and fake information, so I'm surprised of getting to this point.

Even without asking questions on how it will happen, you can obviously see that it is happening. We are still in February and we are in the range of 52k. Just one major pull will take us to 60k.

Nice vote...
It seems that the 55k is about to happen as the market is at 52 range and still looking bullish. But then I think the market will drop to 40 range before halving and the anticipated bull run.

Voted for  Upwards trend up to bull run. dumping is enough and we are now looking to growth into the bull market.

Still pending in above 50k , was hoping to see 55k any time soon but I think this will not happen , as I am thinking this is another bull trapping like what had happened in the past specially when halving is coming.

Is it possible to reach $60k in March and raise to $70k in April?
TBH, I'm curious how you get that number. I'm sorry because I'm just an amateur, I don't understand how to analyze it.
Please let me know if you have the explanation, friend. 

According to Coinmarketcap, the lowest price today is $48,4k.
However, I'm not really sure if it is the lowest price. I think we still have a chance to see a dump and the price drops lower than $48,4k.
Do you think the Bitcoin price will survive about $48k?

Now, the Bitcoin price is around $51,5k - $51,6k. Sure, it is a normal correction, I'm not so afraid it drops to $48k. I even predicted the price may drop to $45k - $46k. Luckily, the price is above $51k, it is the opposite of my prediction for a lower rate. It seems the price to try raising more, it doesn't want to stop a very long time.

It's unclear what caused the current price drop - but I think Grayscale or something else is the reason behind it all. I don't think some legacy wallet woke up and suddenly dumped their bitcoin when the price was above $50K - so I'm going to ignore that reasoning from what I saw today.

As I write - the price of bitcoin is trade at around $49,500, which is not bad after previously hitting its low point at $48,300. I believe this is a normal correction after the price of bitcoin pumped past $50K yesterday - but it took a little time to bounce back above $50K.

Consolidation above 50k is extremely bullish, if I had to rate the performance and potential then it ranks top grade so far.   Ideally we end the week in such a state but so far so good.  Above the weekly average, todays performance is just closing above the 12hr average and a good recovery. 
  Most noticeable point to take away from today is price action fell to the last high for 2024 and found it as support.   Thats good to see if thats the pullback performed complete then we improve from here its acting positively.

I check the price and currently it's in the lows of $49k, maybe there's a dump already, but at least it's not that huge. But we will see, most of the time as per experience, if we see this kind of whole numbers, investors then to sell and make profits. We can understand that, that's how everyone makes money, but perhaps there will be no big retracement just like what we previously seen from $45k-$39k. So exciting times ahead specially for newbies to see the big $50k. This is just the beginning though, this whole bull cycle, we might see a x2 or x3 or that current price so just HODL and continue to buy is the better strategy than selling.

Maybe you are correct. We go flat and down. I can tell you from the mining viewpoint times are treacherous.

A miner will need 8 cents a th and six cent power to be in a good spot.

So right now we are at 8.6 cents a th.  But it will drop to 7.9 cents due to the rise in difficulty this will happen in 2 days.

With the 1/2 ing coming very soon 8 cents a th turns into 4 cents a th. This makes all gear shit at six  power. Unless you have s21 gear which will have a 1500 day roi if it comes after the 1/2 ing.

So miners are really looking to see 60k by march and close to 70k by April 1.

BTW numbers like that before the 1/2 rings tend to not happen. Traditionally  miners have a 2-3 month hard times period right at the 1/2 ing.

Should be fun to see this as this time most mining is large farms by large companies. the small guy is out of this market.

and the answer to your pool is done as we fell to 48.6k since you asked the question.

actually it is obvious that whoever that I have or that have accumulated Bitcoin will it be excited as the price of Bitcoin hit fifty thousand [50k] why those people who have a lesser bitcoin in their wallet, will not be excited because of the value of bitcoin they have and depending the time they bought the Bitcoin, so people that will be of high benefit for the increment of Bitcoin is people who protects 2 years ago and the whole have surplus Bitcoin in their wallet it is now that there have a benefit because bitcoin might increase more than this particular value and it can also fall at any point in time.

You may not seem to be excited about bitcoin reaching $50k maybe because of your financial level and the amount of bitcoin you have accumulated. You need it to go higher before you can be happy about it. But for a pleb like me who has invested in the little income i get every month, i am super excited that the price hits $50k which i have been expecting for quite some time. Although the reason why i am excited is because seeing it reach this price in the first quarter of 2024 gives me much assurance that it will reach an all-time high before or by the end of the year, it is very certain. For someone like me, I have developed more confidence that I can invest more in buying bitcoin.

On the other hand, there is no certainty that the price will rise to an all time high without going below the $50k. I expect to see some movements during this month and some consolation without exceeding $53k until the end of the month.