Topic: Hey! it's $50k today. - page 5. (Read 1100 times)
As a crypto lover, I really welcome the current increase in BTC and it has reached 50K, but I am still not too optimistic about whether the price will continue to rise and it is even possible that there will be a correction again after the recent increase. It's still fresh in our memories when the Bitcoin Spot ETF was accepted, the BTC price immediately went up high after just a few days and immediately dropped again.
After two long years, Bitcoin crossed the $50,000 mark again. This is the highest pick since the new bitcoin halving. Those who invested in Bitcoin and planned to hold for the long term have won this time i.e. "HODL is GOLD" in their case. The Bitcoin market is so uncertain that it can go through any situation or environment at any time. Buying Bitcoin before the next halving will definitely be better, so it would be wiser to plan for a long-term holding.
I think, this is the time to remain focus in the market on the time and not to be distracted by the $50,000 that hit the market few hours ago, because what is coming before the end of this year will be very massive to holders and it will cause a lot of Bitcoin investors huge amount of reward. Now that the price of Bitcoin increased to $50,000, which many investors has started releasing their bitcoins to the market to achieve different incomes but I still have that faith that the price will still increase above what we are seeing in the second week of February. If you can exercise patience in your holding before the end of this month, you will see another side of the market that will make you to believe that this year is full of bullish market.
I remember back in 2021 when we broke $50K. I assumed it would be the top and sold a few bitcoins prior to that. However we broke thru it like butter and then I assumed we would get resistance at the $75K area or the $100K CAD or AUD area which is where those weaker currencies have their $100K psychological number, which is around $75K USD.
However we topped at $69K and would of never guessed we would of stopped there. Most likely nobody did. Every one was saying $100K was on the books and now we got people saying we will go to $250K or a $1M.
However we topped at $69K and would of never guessed we would of stopped there. Most likely nobody did. Every one was saying $100K was on the books and now we got people saying we will go to $250K or a $1M.
Frankly, I didn't expect the $50k this soon. I was speculating it would be in March or even April before halving date. Despite the crash from $47k+ after the ETF news, I wasn't moved a bit that Bitcoin would relapse into a dump. I saw that as a correction and an opportunity to redistribute Bitcoin. Those who didn't buy before the ETF had a great entry opportunity. Those who didn't also buy after the retracement will also have another opportunity again as I expect price correction from this $50k. Surely, there will be. I wouldn't rush to buy on FOMO now if I were an investor. Wait a while for price to dip a bit. Bitcoin is on an upward trajectory. Whether the ETF happened or not, Bitcoin would still have been on an upward move. It's the circle. Halving pushes Bitcoin price every circle. Newbies should take note of that. It relates with the basic law of demand and supply.
I do not call this $50k was an expected one. Because, I was expecting a reverse before touching $50k levels through profit booking by both short and long term holders but surprisingly we are able to hold above $50k levels as of now. It seems now we may test $54k levels before seeing any short term corrections. But, we cannot be sure how market is going to be in ETF era. Because, we have all-new demand in bitcoin ecosystem which may help bitcoin to sustain in higher levels unusually.
Halving could be another reason along with increased number of bitcoin investors. Usually around the times of halving, bitcoin does trade up to the levels oh half of previous ATH but seems like we are going to new kind of market by upcoming halving. I am really excited to have bitcoin market near to ATH by the times of halving.
Halving could be another reason along with increased number of bitcoin investors. Usually around the times of halving, bitcoin does trade up to the levels oh half of previous ATH but seems like we are going to new kind of market by upcoming halving. I am really excited to have bitcoin market near to ATH by the times of halving.
What do you think...
- An upwards trend from $50k
- An downwards movement from here
These discussions are always repeated, as traders believe that the upward trend will continue once the previous resistance level is broken. Once $38,000 was broken, speculation moved to $42,000, then $47,000, and now I see some people talking about $60,000, but the price needs some correction. The price started moving away from the 50-day Simple Moving Average (SMA) at $43,351. We still have strong resistance levels at $52,000 and $55,000
The correction is coming, but the fact that we touched $50,000 indicates the strength of financial flows for ETFs and institutional money.
It's not $50,000 to bull run because $50,000 is part of the bull run already. I think we are already at the early stage of the bull run, not the beginning. Just 3 weeks ago, the price was just around $38,000. A week ago, the price has already climbed to $42,000. And then here we are now hitting $50,000. This doesn't look like a sudden spike due to somebody or a company doing a lump sum one-time purchase. I think this is going to be like this for a relatively longer period until an ATH is reached. Small corrections are of course natural every now and then while going there.
Hey bro!
I was actually surprised to see that as well was like is this real or what, The last time i check bitcoin price was around $45k and today I have to check and I noticed that it was already $50k plus before the much selling pressure trying to hold it within that price. I believe the selling pressure is much more of buying pressure meaning it might be around $49k to $50k for the next 24hrs or more, but with the strength bitcoin is pulling I doubt if 24hrs is not too small for it to achieve $53k.
I was actually surprised to see that as well was like is this real or what, The last time i check bitcoin price was around $45k and today I have to check and I noticed that it was already $50k plus before the much selling pressure trying to hold it within that price. I believe the selling pressure is much more of buying pressure meaning it might be around $49k to $50k for the next 24hrs or more, but with the strength bitcoin is pulling I doubt if 24hrs is not too small for it to achieve $53k.
Hey Stop! 🛑
Look around, it is $50,000
Can you now see the effect of the ETF approval?
What do you think...
Bitcoin hit $50 which has every Bitcoin investor and myself in a lot of excitement. I am currently in a lot of profit as the market goes to $50 by investing in Bitcoin. It is certain that the market will grow further but there is no reason to worry that it may be partially down. I plan to hold my bitcoin for a long time until the new ATH of bitcoin is created. Many may be anxious to sell bitcoins seeing this bitcoin market growth but I will try to keep calm for now as I know bitcoin is on target to reach its new ATH very soon. Look around, it is $50,000
Can you now see the effect of the ETF approval?
What do you think...
- An upwards trend from $50k
- An downwards movement from here
Can you now see the effect of the ETF approval?
Would the price be at $50k if the halvening was 1 year away from now? Or 2 years?
When there's a halvening-induced bull cycle, people tend to attribute the price to everything but the halvening to make it feel more natural. Institutuional investemtns, billionaires buying, legal tender status, huge predictions from influential people, baseless rumours - everything is proposed as an explanation for the price growth, and yet when the same events happen in a bear market, they don't move the price even by 1%.
Hey Stop! 🛑
Look around, it is $50,000
Can you now see the effect of the ETF approval?
What do you think...
Bitcoin is $50,000 which is really exciting moment. Bitcoin is moving at its own pace and will continue to move at its own pace I don't see any ETF approvals affecting the price of Bitcoin at this point. I think bitcoin will go higher from here but maybe $57,000 and then lower. But since Bitcoin is 50 thousand dollars every investor is in profit at the moment. But those who hesitated to invest but could not invest today started feeling very bad. That is why it is always better to use DCA method for investing. Those who could not invest today but are in a good position to invest, if they had used the DCA method, would still be in a good position today. Look around, it is $50,000
Can you now see the effect of the ETF approval?
What do you think...
- An upwards trend from $50k
- An downwards movement from here
The price isn't stable right now and it increased more than $50k before falling again under this barrier level. Right now and depending from exchanges, the price is around $49,980k. I don't know if there will be a huge correction right now although I think it will occur at some point but I find the tendance of the market is in favour of more price rise.
It's expected that there will be a price correction when the price surges.But I have a strong feeling that the Bitcoin price will continue to grow like it reaches $55k and then slightly have a correction.
Most replies on the first page were right, long-term holding is the best idea at all.
Remember that halving isn't yet to come and we always anticipate a good result after on it. Either what's the reason Bitcoin pumping up but IMO, it's a sign that there will be a new ATH will come, it's almost there.
Let's see what will happen next.
-snip-
The majority of the analysis that I am seeing tells that it is going to be followed by a dump. Yeah, this is quite too early to see before the halving but once this breaks the confidence of those analyses, as usual, Bitcoin is always unpredictable and that's what people must predict and expect from it. So, if there are analyses that tell that before or after the halving it is going down. That's okay but the result still depends on the demand and how it is coping up with the adoptions like the actual volume that it is getting from the Bitcoin ETF spot. And don't be surprised everyone when fees go higher as well.Well - finally $50K is a reality again after last being touched in late December 2021.
Continuous HODLing and taking advantage of the market is the way to go! Woo, it feels like it's going to rise and rise again! I hope the floor is going to stay high as usual. I do hope that the transaction fees lower so we could really take advantage of this price or something.
Voted that it will go higher!
Voted that it will go higher!
The price isn't stable right now and it increased more than $50k before falling again under this barrier level. Right now and depending from exchanges, the price is around $49,980k. I don't know if there will be a huge correction right now although I think it will occur at some point but I find the tendance of the market is in favour of more price rise.
What do you think...
The majority of the analysis that I am seeing tells that it is going to be followed by a dump. Yeah, this is quite too early to see before the halving but once this breaks the confidence of those analyses, as usual, Bitcoin is always unpredictable and that's what people must predict and expect from it. So, if there are analyses that tell that before or after the halving it is going down. That's okay but the result still depends on the demand and how it is coping up with the adoptions like the actual volume that it is getting from the Bitcoin ETF spot. And don't be surprised everyone when fees go higher as well. - An upwards trend from $50k
- An downwards movement from here
Hey Stop!
Look around, it is $50,000
Yep. I saw Bitcoin price already passed $50,000. According CoinGecko, it already reached $50.259.Look around, it is $50,000
Previously, I predicted Bitcoin will reach $50,000 on February 11. It was because Bitcoin passed $48k in January 11. I assume there will be the same pattern for the price move. But it needs a longer time to reach $50,000. However, we know that Bitcoin seems to increase gradually from one month to another month. There are probably a higher rate in each month before the Bitcoin halving begins on April.
What do you think...
I think there will be a more pump.- An upwards trend from $50k
- An downwards movement from here
Bitcoin may try to reach another higher rate in the next month. I expect it may reach $55k before the Bitcoin halving.
DYOR/DWYOR
Wowza!
Just woke up a little while ago and just happened to check preev about two minutes ago. When I went to sleep bitcoin was just over $48k, so I was pleasantly surprised to see it break that $50k milestone. It seems like forever since bitcoin has seen that level, even though it's only been several years IIRC.
I'm puzzled as to the results of the poll here. I would have expected more bullish sentiment, but as I write this the votes are about 50/50. What's wrong with y'all bears? Can't you see bitcoin is in an upward trend and has been for a while now? Dang!
Just woke up a little while ago and just happened to check preev about two minutes ago. When I went to sleep bitcoin was just over $48k, so I was pleasantly surprised to see it break that $50k milestone. It seems like forever since bitcoin has seen that level, even though it's only been several years IIRC.
I'm puzzled as to the results of the poll here. I would have expected more bullish sentiment, but as I write this the votes are about 50/50. What's wrong with y'all bears? Can't you see bitcoin is in an upward trend and has been for a while now? Dang!
Bitcoin finally chosen the right direction after weeks of consolidation, and first time we see the price react positively with such an interesting movement in the since after the Bitcoin spot ETF approval, So this recent move price target in the coming weeks and months is towards $61k-$69k, but from my analysis we may face resistance at $52k-$53k, $55k before we could see the price beginning to ease up its current upward momentum.
It's hard to say, but yes, there is potential to see bitcoin test the $52k resistance if it manages to keep its price above $50k. The problem is, price movements are still very wild as some investors will probably sell and take profits, but if the selling pressure is not too strong then $50k is expected to be maintained. I'm looking forward to how high the market will close today, but I think bitcoin is still too likely to correct to $48k again.This should not be a short pump, but natural price movement is much more to be expected. A sudden increase in demand is more likely to make the price fall just as quickly, but I don't expect there to be much panic once $50k is broken.
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