Bitcoin Forum

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!

Most people are looking at targets around 200 to 300 thousand dollars by November and I don't think it's an unreasobale expectation anymore - but still potentially unreachable this cycle.

I doubt bitcoin will drop below $30k ever now though (unless another currency overtakes it).

Edit: the seemingly endless number of bounces from the 40-46k region might make that the new $6k.

Did choose I dont know!

I'm not really a fan on convincing myself into a particular belief that the market wont really be going low anytime soon even just saying with that below 50k price is something just near on the current
price we are experiencing atm.Going below those levels arent really too far off for us to presume that we would really be heading back there.

Making out calculations and basing on those 2017 and last year crash then i agree on what mentioned that 40k-45k would might be in todays possible 6k price
but still i dont take it seriously and dont expect or hope that much.Anything could happen on least expectation.

$40k to $50k might be the bottom for the next correction but its hard to say how strong the bear market would be so its hard to stay complacent where the market moves faster than we think.

Many predicts the price of $100k at the end of the year, this will happen if we continue the bull trend, more good news are coming into this market, that can help boost the price of Bitcoin and help to achieve its goal for this year.

Bitcoin will 100% definitely go below $50,000 again. I've confirmed this multiple times.

Bitcoin set an all-time high on Thursday, crossing the $64 k mark for the first time ever. We are in unchartered territory again. There is a lot of volatility, but the long term trend is up. So the latest drop is likely just a correction, not a fundamental change in the overall direction of bitcoin.

I'm not sure where this is heading, but I hope we're looking at a period in which we never go below $50 k again.

Still speculation. The crash is always there.

Even with these good reasons, difficult to imagine that we won't see Bitcoin going back to $50,000 again.

But I'm not talking about going back to $20,000. That's was unrealistic to imagine.

It's hard to go down to $50,000 again because bitcoin now has strong support. But you must know we will see $50K again, after the huge correction like in 2017. But no one knows when the correction comes, based on history it will come the end of this year.

If you want to see 50K in near, this is impossible I think.

After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.

So getting below $50k will happen unless the ATH is above $300k

I voted: I don't know

Still a long way to go to say that we won't go below $50k again. We need to see the price at least hit 6 digits, $100k-$150k before tinkering on the idea that it won't go down as hard to $50k. So we will have to wait and see if we are going to get on the price levels. I agree that institutions are going inside the market but we might see a slow exponential growth. Maybe $100k in the last two quarters of this year.

This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.

For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train

It is very difficult for me to determine how much bitcoin could go down, the market scenarios are very big, anything can happen, just remembering that in the first cycle of Bitcoin when it reached its ATH of $20k it went in a very short time to almost $2 k, the market is unpredictable and honestly anything can happen.

For now I do not see possible that it falls below $50k, but if it is very viable that it happens, although it was a long time in the range of $56k- $59k it could have originated a liquidity pool to resist the bearish attacks, I think that the Highest resistance is at $46k.In an eventual bearish trend, which goes after the Distribution stage, it is difficult to determine how much the price can fall, so that the accumulation stage begins again, so I do not dare to give a probable price level to achieve if it goes down in price.

I'm already fully loaded and retired thanks to bitcoin. I have 99.9% of my money in crypto. Don't worry, Bitcoin already mooned for me :)

I don't care one way or another if it goes under $50k again. My prediction is based on what the market is telling me, long term not short term, not based on what I hope happens. The market has fundamentally changed compared to 2017 and earlier cycles, I don't see a peak and crypto winter coming, I believe the market is saying those days are over. I could be wrong, but I think better than 50% chance I'm right and we don't see under $50k and we don't have a big crash and bear market.

Idrk, for real. And I honestly have no intention of finding out whether it's true or not, I'm just at that point where I'd mindlessly believe Bitcoin, EVEN if it goes below $50k again. I'd reckon that it's difficult, but hey who knows, we saw such a sharp drop back in March last year, and even if the situation was different from then to now, judging by the fact that it happened, it could STILL happen. It may not look much if we base it just on solid numbers, but the percentage of drop back then was quite steep.

Though tbh, even if it did go below $50k, Bitcoin is still Bitcoin. It's still the true decentralized crypto, and if Bitcoin's popularity dropped due to it going down like that, then I honestly think some people don't even know what it really is for.

Well, if the bullish price is strong. It is hard to pull back below  $50,000. But it depends, if whales doesnt sell off their bitcoin yet, then we'll gonna expect more bullish trends. However, if opposite thing happens and they sell off their bitcoin, it is possible that we reach it below that price. Hopefully, not. As I am one of those who are still doing some long term hold til now

I agree that long-run mean has shifted up significantly, but probably nowhere near the vicinity of $50k.

Markets are still irrational at the end of the day and people are going to be liable to panic dump when it comes to any sort of negative regulatory news. Even when the negative news has zero long term implications, markets are still going to overreact to it for sure.

I do expect a correction to come as a matter of time. But given the state of the FOMO right now, I doubt that we'll see it until at least the end of the year.

This cannot be predicted. Though, bitcoin has gone through everything to open a new, more glorious history page. No one else calls bitcoin a "bubble," but an asset, along with a huge incentive to accept it as an efficient means of payment. Proof is that Tesla launched. But regulations have always been the enemy of bitcoin and crypto. The higher the value of bitcoin, the more caution is needed. always remember the carnage early 2018.
Vote:   I don't know

Nicely put, and I agree will all your points, 2017 bull run is different from what we are seeing in 2021, it is not fuelled by big companies and institutions and then retail investors. FUD doesn't have the same effect as in the past. And we might not see a 4 year cycle, might be 2 huge cycles.

So it's better to be a long term holder or at least see bitcoin for the long term. If we cycle to $300 million then obviously the next will be huge that we can only imagine it to go to $1 million.

Who really knows? Nobody knows.
But yeah I somehow agree on your statement above, but then again it's not guaranteed that we'll be staying above $50,000 even with these small corrections and strong support. 
It has been quite a long time since we've seen a huge crash. So, I was thinking how sharp the crash would be. My intuition is telling me that when a huge drop occurs, Bitcoin won't go below $20,000. 

The only thing that we can do right now is to make an assumption, predict and nothing more.
This scenario that the OP has shared might happen or it might not happen.

As for me, my prediction with this is that I still believe in market cycles and in crypto market the cycles is usually happening every 4 years. Institutions, FOMO and adoption might be a factor with the recent rise of Bitcoin but I still believe that there will be a time that the market will make a correction and it we will see Bitcoin UNDER $50,000 when that correction comes. These factors might affect though where will be the bottom of the bear market or how many percent will it fall and maybe we might see a bear market like what happened in the past where the correction is near 70-90% of its peak price. I still don't get it while people are very optimistic when it comes to their predictions :D.

I am personally not convinced that the price will never go below $50k again, especially since the current price is only some $13k above that level and a drop of only some + 20% would be enough price falls below this level. Of course, you start from the assumption that this bull run will inflate the price of at least x3 or x5 from the present, and that the absolute bottom will not be below $50k - but these are just speculations, no one can say for sure that the past will not happen again.

Regardless of the extremely positive trend, there is always the possibility of some bad event that could shake all markets (example of declaring a pandemic = BTC 50% down), and BTC is still reacting to such events.

My vote is I do not know because I am sure nobody will know for sure.
We can only wait and see what will happen to bitcoin, but even if the price is down deeper, it will be our best time to buy more bitcoin.
I guess many people will be happy to see the price is down deeper because they can buy bitcoin at a low price that they can not do before.
But if the price goes down deeper, we need to wait for a long time to see bitcoin price will start another rally.
We should enjoy this moment instead of thinking about how deep the price will go down.

Bitcoin is a good investment at the moment but don't be so oblivious. Too much confidence will cause you pain.

Even I am a bitcoin believer, a 2018 crash leaves a scar on me forever. Institutional investors are the ones creating this hype and with this power, they can easily reverse the condition. Nothing hard. Grayscale just needs to press a button and boom, 1 million bitcoin will be sold immediately.

The situation is unlikely to happen in the near future. Nevertheless, it is important to note it.

I have reservations about this. If my wishes are to be given significance, Bitcoin will never go below $50,000 again, but the history of Bitcoin is full of surprises. Bitcoin has proven that it could fall much higher than 50%, so if that is possible then a fall from $60,000 to $50,000 is much more possible. That's less than 20%. But since we are in a different stage of mass adoption today, there is a stronger reason that it might not. For now at least, Bitcoin is more possible to reach $100,000 than $50,000.

If it's different then I'll be making more money in the future  8)

I think it will, even in a moderately bullish scenario.

If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.

Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.

For those of you who say it could be different this time, it sure could be, but TA tries to predict future moves by watching past ones. It gives us probability and we had at least 4 bull runs that followed the same pattern so the probability is high.

I would say its naive to think this market is exactly the same as the previous ones, when that clearly is not true at all. I never said we won't have corrections. There will be lots of corrections, we've already had two this year. I'm saying there won't be a massive 80% crash and crypto winter. The market has clearly changed, and it looks increasingly likely that we won't get another crypto winter.

Also, even if there is a big crash just like the previous cycles, you are assuming it only goes to $100k at the top. Already at this point it'd have to go much higher than $100k to get the type of crash that would lead to an 80% draw down. If there is a big top and a big crash, it'll probably take something more like $200k. But if you look at how the market has fundamentally changed from how it has been, a bit top and big crash like we are used to seems not particularly likely. The naive view is to think that everything will stay the same as it always has been, when we can already see it is different!

I think price will go below $50k again but after that the price will grow so fast. We are waiting to see the milestone of $100k in this year. Before reaching this milestone, bitcoin will go below $50k at least one time.

It doesn't have to be exactly like the others to follow a similar pattern. It doesn't have to ba an exact 80%. If you check the charts you'll see that last bear markets did not lead to exactly 80% corrections, but even if it's a 70%, you're going to need a much stronger bull run to defend 50 thousand.


In 2013 the bull run wasn't that high. It was roughly 3x in December, pretty much like 20-60 thousand we had this time and it went straight down from there, back to $400 in a day. So it corrected more than 60% in a day.

But as per most other people' speculation if we manage to go beyond $100 levels like $400k levels then there would be absolutely zero chances for bitcoin to be testing below $50k levels. But, like you expect if we scale only $100k this year then when bitcoin will be having 70% down fall during the bearish markets then there are absolutely possible to see again the $50k levels. I am just preferring not to see $50k levels anymore and also looking forward to test $400k levels by end of this year.

If you really believe that a super cycle is coming then I can see why you think we are never going to see the price of bitcoin going below that level ever again, I'm still not so sure this is the case, obviously I will love for that to happen but I'm still not convinced that bitcoin is ready for that kind of growth, I think we could see something similar to what we saw in 2018, and I do not expect the super cycle to come until the next halving so you are still going to have some time to accumulate more coins.

I've seen a lot of similar topics and usually the authors were wrong. Given the fact that a fairly high level is chosen in this topic, I think that within a year we will see how the author of this topic turns out to be wrong. If I was offered a bet, I would not even be sure about the 10k level.

$50k is a 25% drop. Bitcoin did such drops in a single day. It can easily be sub $50k  in a week. It will probably be at sub $50 during next month.  Few bad news and some FUD and we are there.

Do you think Bitcoin like in a couple of years ago?? No, Currently Bitcoin is strong, so many people learn from the past, so fud is no more truly affected. And I rarely see fud about Bitcoin now. And the question is who will make a Fud about Bitcoin?? Institutions and many crypto influencers always say positive about Bitcoin. who?? New people? who will care about what they saying

Calling $50k as the bottom is an overstatement IMO. Most targets are unrealistically placing lines over $100k in a few months time. Doable, yes, but to think how much money needs to be poured in order to attain that figure is just nuts. Also, to think that there really isn't stopping the deep pockets from dumping their coins, those alone will send bitcoin's price crashing way below $50k. I'm not saying that it will happen, but it could.

I get that we're all hyped and crazed with bitcoin reaching $60k and all that, but let's not forget that bitcoin was in $58k a few weeks ago, only to drop to $47k in just a day.

Everything is possible in this crypto market. It is for you to assess which way you want to go. It may or may not go below 50k, then what? It is on your own disposition how you will take advantage the opportunity in front of you. So-called experts can give their predictions, and so are you. Follow your instincts when you are shelling out money because at the end of the day, it is your hard-earned money and no one else will bother to help you.

I haven't heard any FUD articles now, and basically people just depends on that particular announcements that possible come out at social media and other sites. However, thinking about btc to go below $50k I would love to hear that scenario so opportunity again comes for people who still desire to invest their future.
Based on the poll survey, many believed that it won't go down but I'm afraid it was a reversal on the reality of the situation. We should be careful and always prepare if bearish trend would happen again.

I voted, I don't know. In my opinion, no one really knows what to happen to the price of Bitcoin in the future. If the price can reach $100K or even above this year, there is a chance for the Bitcoin price to stay above $50K. But if the highest price of Bitcoin in the current bullish is only about $70K or even below, the price can drop below $50K in the next bearish. So, it is still not clear about the future of Bitcoin price to go.

Of course, I will not want the price to go below $50K anymore but then this is crypto where all are possible, one proof of this is DOGE which almost all thought its just a meme coin and now, you will have to take it seriously already fortis price had just hit $0.22.

If BTC will really go beyond $300K, its really hard to believe it will still to dip to $50K. I'm not saying it will not but its hard to believe it will still go that low.

$50K is not that far away. We are at what $63K now. So all it would take is a 20% drop to get down to $50K and that would be considered a healty correction. Honestly there is just way too many leverage positions open at the moment. We are almost at $30Billion in open interest. A small move yesterday wiped $2B worth of liquidations. If its stretched far enough then its possible to see $50K within a few days.

Markets are irrational right now. Look at Doge over 30 cents, look at XRP at $2. ETH at $2500. These are bringing back 2017 vibes. People didn't think it would crash until it did and it was too late. BTC seems to be the only one trading rationally right now. But way too many alts are out of control. However the money is still pouring in. We will see where this will take us.

That IS the bull-run like fashion of doing things.
There is first accumulation where price builds the strong support then the price rises up and breaks the resistances. Then there are corrections and again another support shapes and another accumulation.

If it were any other way meaning constant rises without any corrections or accumulations then it is NOT a bull run anymore it is a pump and bitcoin does not have pumps.

2015 to 2018 bull run was also exactly like this apart from the last 2 months.

We can not know this right now. We have to wait and see what the last 2 months are going to be like. For example when price reaches $300k will it jump to $600k in a week like it did back in 2017? If yes then there will be a "bitcoin" bear market like we had in 2018.
The crypto winter is already happening as bitcoin price rises and altcoins dump.

Neither of them control bitcoin market because they don't participate in it.

There is no difference between these two wrong definitions of bitcoin (that is a currency in reality).

If people expect a "crash" to $50k based on past bitcoin cycles then they have no idea what "bitcoin cycle" means. For starters the cycle ends with a massive bubble which has to be way above the current price to be considered that, a bubble. At least $500k.
Second the crash is not going to be 10% but it will be 80% like last time. If we assume this price is the peak which it obviously isn't, then to see similar crash it has to dump to $12400 Which is obviously a stupid expectation :D

Froth and base line are two diametrically opposed targets, we might judge the froth target as being six figures trajectory but dont exclude that crypto doesnt purely go up always and the base line is below 50k imo.   My personal opinion on what phase are we in and for how long barely matters, it just can and who knows what triggers it.

well, nobody knows about this. currently, bitcoin price looks very strong, in fact, I feel that the support and increase in price will continue to grow. it's just that, I feel that the $ 50k price tag is still pretty close for now. I might think the same thing if the bitcoin price won't be below $ 10k anymore, but who knows, I also think the bitcoin price will keep going up until now.

I'm not quite sure yet. Even though it is a crypto season, the market will not continue to increase. there may come a time when the bearish season comes, bitcoin will crash, but not under $ 20K. If it goes below $ 50K, it looks like it could still happen.

The bears will actually fight back the system and this won't be sweet as such becasue the past system has told us that the bear will come to fight. This current moment isn't different from the pass and we shouldn't be mindful of these bears come back. Although the bull has done their part from 2020 which has landed us here and the bears will strike definitely which we should look out for. The $50k isn't much from the bear to strike sincerely and not too sure if it won't strike it even lower that that.

I hope you're right but we can't guarantee that. As long as the market relies on the market demand, dumps could be possible. It was just this time that the support level is so strong, I hope it could still be working at that level. However, we don't be just confident with that as for sure that the market will also be changing from time to time. Whether it happens or not, we just need to keep calm and hold our emotions.

The price is on its way back down to $50k and below as we speak.

Maybe it's time for bitcoin to correct, it's been so bullis and it has affected a lot of altcoins possitively.

Bitcoin will drop below $60k the way it's moving now IMO, so probably we shoudl get ready for a possible big drop and might cause some panic.
I'm betting on anyone who are confident that bitcoin will not anymore drop $50k even this year.

just let me know. I'll take a bet.  :D

If that is another correction, I will set my alarm to sound and prepare my money to buy more. But I do not know if the price can back to below $50k or not because that will make a big panic from traders. But the institution or big company will use that time to buy back with large money because they will not let that chance leave them.

lol funny  :D

It managed to drop all of $3000 from $63k to $60k on the news that a country of 85 million people was banning crypto. Not exactly the sub-$50k drop you were hoping for lol

Predict on Crypto is not easy. This is much tough. I think no one can surely predict upon Crypto currency. Though bitcoin is a good coin and its price is now in better position thats not mean its price will never go below $50,000. Its price can go below anytime.

What is certain is that the market cycle will definitely occur, even though we don't know when the time is. with Coinbase listing on the Nasdaq, of course, will make bitcoin and other crypto positions quite strong. Even so, I still have thoughts that bitcoin could still fall below the $50k price level, imo. but don't get me wrong, I believe that at this time we also haven't seen the maximum value of bitcoin. With a lot of new money going into crypto and crypto that has become a new trend, I think we will encounter new ATHs almost all the time

In 2017 bitcoin price was hit around $19k and then its price get down at around $6k. In this year bitcoin hit around $64k. That's not mean its price don't go below $50k. This can happen anytime that bitcoin Price get down below $50/$40k.

Feel free to say that it is the user who sets the price of bitcoin which mean the price of bitcoin is determined by supply and demand. This will be a market law that continues to apply to bitcoin which in turn will make its price volatile. Bitcoin can go up higher than $100K and it can also drop below $50K if we judge it in term of supply and demand. But right now, the high enough demand for bitcoin will be a supporting factor not to see the price drop below $50K. Market cycles will occur, no one can say for sure.

LOL. Tomorrow USA central bank says they baned Bitcoin. Price would drop 30%. You dont even need they say that. There can just be a rumour. If you think that Bitcoin is free of all problems, you are very wrong. We are only on start of a long fight. All countries will fight against losing control of printing money. They are still in denial. 

We can't guarantee anything with that logic. Can you guarantee me somehow that it will never be under 1 dollar? We can't give a guarantee like that but we know that it won't be going down that much, we just "know" something like that won't happen, you can ask anyone in the world and they will all say that it will not be under 1 dollar for sure.

In any case we still do not have anything that would be predicting under 50k right now, but that could happen, under 50k is more plausible than under 1 dollar obviously, but just like how we know it won't be under 1 dollar, OP is saying he knows it won't go down under 50k as well. My personal favorite is won't be under 20k ever again, I really do believe that, I can't guarantee anything like that, but I just feel like that seems like a reasonable approach and will probably turn out to be true over time when it fails to go under that.

Panic is not new in the crypto space, that's the time where whales are getting into play to drop the price so they can start accumulating again before they put the market into a big bull run. Typical investors will just follow the market trend, most especially if its bullish so it's easy to sell those cheap coins accumulated during panic when the hype is on, so let's always remember that easy possibility.

Yeah I don't know what that guy is talking about. There is still a ton of FUD around bitcoin and cryptos. I mean USA central bank banning bitcoin is meaningless because they don't make laws, but yeah your point is news or even rumours still highly affects the price, that is totally true. I'm sure we all remember the fake double spend news from a couple months ago that dropped the price from $33k to $28k in a single day.

But to your original point in the first quote, yeah $50k is like a 20% drop from here, but a correction from here is very unlikely, as the price just spent basically two months consolidating in the $50,000s. And a sub $50k price next month, a drop from say maybe $70,000s is unlikely because that's a 30-35% drop AND again Bitcoin just spent two months consolidating in the $50,000s. Sure it COULD happen, but will it? Good chance it doesn't. Next correction might bottom at $55k-$60k. And if it doesn't happen in the next month, I think the chances of it happening later are far less. I'd say there's an unlikely but small chance it happens in the next month or two, and a much smaller chance it will happen later on. Which is why I don't think it'll ever happen.

I'm not saying like there's zero chance of it ever happening, but I am saying I don't think it's very likely and I bet it doesn't ever go below $50k again. I'm not buying that there is gonna be a giant peak this year and huge crash and bear market like previous cycles, which I fully explained in my initial thread comment - cuz this bull market looks way slower and more stable and sustained and less FOMOy than ever before plus institutional support. To show an example of my point about a longer and more sustained and less in danger of huge peak and huge crash happening: the major movement of the bull run started around mid October, so it's been 6 months already, in 2017 the whole major part of the bull run only lasted 7.5 months, so on that timescale we're now starting Nov 2017, but rather than starting the big fast huge rise to the final peak now, we're just coming off two months of ranging and consolidating in the $50,000s, nothing about the current price suggests we even have to start thinking about the price becoming unstable and nothing about the market action suggests the world is gonna suddenly FOMO in and double or triple the price really quickly which is what is needed to lead to a big crash.

Also check out today, an entire country of 85 million people banned crypto and the price dropped all of $3000 and looks like that was it. Plus at the same time you have shit like Doge, BCH, Litecoin all pumping hard today and yet it's not bleeding Bitcoin. Plus you recently have some bank in the US saying they aren't allowing their customers to even buy stocks of companies that own Bitcoin, you also had Coinbase stock dropping hard 25% from its high in the initial hours on the market a few days ago! None of that had any more affect on Bitcoin than just normal daily volatility. $50k could happen soon but it is a big stretch to say it will, and if it doesn't happen soon it will probably never happen.

Only 30%? I think that in this particular case, that percentage would be much higher, because we should not forget how much influence the US has when it comes to Bitcoin. We are not just talking about Coinbase, Grayscale, PayPal or Tesla, but also about the global US influence on the rest of the world - which means that such a move would be followed by some other countries that otherwise blindly obey every command from the US.

---

Turkey did not ban cryptocurrencies in the literal sense, they banned their use for the purchase of goods and services (https://bitcointalk.org/index.php?topic=5330934.0), and everything else is still allowed as before. It is also wrong to compare Turkey and the US in this or any other context, these are two completely different countries and what happens in them affects the rest of the world quite differently.


For someone who has been in the world of cryptocurrency for a long time, the word never should not exist in the vocabulary - because when it comes to Bitcoin, anything is possible.

Hahaha your right. But that happens many times. I remember when Dogecoin increases so high and make people and my friends, including myself, amazing because we never thought that Dogecoin could jump to that high price short time. The strong investors will not just follow the market trend because they will have another analysis that will determine them to sell or just wait for more or sell all at once. That type of investors can wait for a long time and not getting the effect from the trend of panic because they have a lot of experience that help them decide.

 It's too early to say this in my opinion, the prices are still looming near 50k and I wouldn't assume that the prices will never go lower than 50k anymore since it is still close. Maybe if bitcoin prices maintain a certain price point for over a year or for 2 quarter, maybe then it will be safe to assume.

OP maybe assuming if there are new large institutional investors going to join the bandwagons of large entities there's a possibility that the Bitcoin price will break a new ATH and that proves to be a strong support that Bitcoin won't be going to touch the $50k again. But of course, this is just a pure speculation so everything might happen and the possibility of breaking the strong resistance is possible if only these large institutional investors get in.

Although, if there ain't no news about of pumping about the market then expect that we are going to touch $50k again. But the market is still testing some price action so we'll have to wait for a week of months to see what's going on.

That's every investors wish but that can't be bet on. You can never know how the market will rreac, to some extend the market is looking mature as it isn't getting easily manipulated unlike before but that doesn't mean it won't have some worse days that it'll seem like the bubble is about to burst.

For the past months we have been experiencing continuous growths, therefore we shouldn't expect this to last forever as it'll be more dangerous if that's the case. Some downtime are needed for the market to get new funding and this can mostly come when the corrections happens then more funds get pumped in due to FOMO as the market recover.

From the current price of bitcoin, a mere 20% to 30% market lost that happens with in a period of days would see the price of bitcoin going below $50,000 with ease. Therefore lets not get our hopes all up yet.

I think we're fair to all of the opinions.  $ 50k with bitcoin and in the crypto market is a possibility that we all acknowledge the nature of volatility.  Economics contains this concept.  Speculation is by no means conservative but it is clear that in this year's supported trend, good seasoning has created a lot of hearty parties, it will head towards $ 100k.
Vote: YES

We can really see the probability due to those factors that do circling around when it comes to adoption and recognition which we can presume that it can really affect the market
even more on a positive manner even though that there's no guarantee on what are the things that could happen ahead but we do able to see that high possibilities and also
we arent really that far with that 100k if we would really be discussing that but we should not make ourselves in a hurry because this wont really be a smooth sailing ride.
We would play with the waves because even the market is filled out with positive news and events but it wont making a guarantee.

The number of institutional investors this year is huge, it is the difference in the history of bitcoin.  All are in favor of bitcoin, this trend is difficult to stop.  Institutional investors will not break their "guideline" and goals.  people agree, no one wants to oppose their organization because it creates a great motivation to create a new era together.  everything is going synchronously.

I think it is still possible. For me and read some people say in this forum, in crypto anything is possible. Not only bull run like now but bear trend can come anytime. That is why in crypto we should know what time to take profit before our investment back again or maybe give us losses. That is what is always on my mind for now especially at this price which is really high.

looks like that, and I hope so too. however, the current price is very close to the $ 50k mark, and I think if the dump happens again, bitcoin prices could be below that. however, no one knows about the price changes in the crypto world. even the price of Doge is currently beyond people's predictions. Well, I think it's still possible to see a bitcoin price below $ 50k, but I didn't expect it.

Well, clearly this is the speculation section and as such, all sorts of lucubrations fit. It seems early to say that we would not go below $50k when we have been close because the weak hands have become irrationally scared. In any case it looks like it has bounced and there is no more danger at the moment.

A few hours ago, we all saw how the price can fall for no particular apparent reason  ;) I see no reason why such a drop can occur more evenly and, for example, bring us to a price of 30k in a couple of weeks. At the same time, I should note the level of 30k will be very good for the entire ecosystem and will not interfere in any way with the further development and adoption of bitcoin.

Somebody just tried to drop it below $50k  :P
Probably a whale forgetting that pesky decimal point on a market sell order... ::)

Was out for almost a whole day in our time, then upon checking like 4 hours ago, it was down to $56k and I said what's the reason behind, then goes up to $57k and now to $54k. So I advise some of my buddy to buy at this very attractive price. So much for the price not going to $50k, Lol, in any case, we will see a clearer picture tomorrow as I'm sure there will be a lot of speculations for the sudden dip.

Check this Out Budz https://coinmarketcap.com/currencies/bitcoin/

and this is the current status of Bitcoin Price $54,766.63 and continuously falling since last night.

Are we seeing Below 50k once more? Well I'm hoping because i had already saved My bitcoin before dropping to below 60k meaning there are budget to re buy when the price hits below 50k again.

Hope to happen next week and surely the next ATH will be 75,000$ soon.   

Phew, bottom on Sunday at $52k, and it's not clear if this is it. Pretty traumatic I would say for a lot of people who're just only used to seeing ATH stack upon ATH the past weeks but I wonder if it's anything to do with some poorly-understood analysis of hashrate effects this past week (yes, I'm first to admit I didn't think it was going to be bad but the mempool clog's proving it really was something of an effect).

Temporary, for sure, just how temporary is anyone's guess.

Oh well, they are pointing about this tweet as the source of the so called dump that we are seeing right now.

https://i.imgur.com/P3UhSAc.png

https://twitter.com/Fxhedgers/status/1383611847144730626


Hopefully this is just temporary, we have seen January and February with 20%++ decline and yet we bounce back and then new ATH.

Price currently at $54k++.

Most of the people said they do not agree and it could go down under 50k, that is basically what the market being reasonable means. I mean we do believe in bitcoin, we buy it, we increase the price, but when it comes to crashing we full on know that it could crash as well, that is what matters to us, that is what we care about, because that is going to be the most important part for us. That is why I think it is quite important that we realize this is different than 2017.

In 2017 people were basically crazy, nowadays even though everything is going up, people are smarter, they take out their profits, they care about what is going on and they know very well that they could lose their money, some don't care and some just act accordingly. Which is why I think it is quite different this year and that is why we will probably not change anything at all, it will probably be fine this year.

I guess people afraid of that news. Maybe they do not want to be suspected of money laundering, but that is just my guessing and I hope that is not right.
Yes, I agree that the price will bounce back to the higher price and back to the $64k level price, and that is why we need to have patience.
Hopefully, the next week will be a good moment for bitcoin to go up, and if that can happen, the altcoin will be back increased.
I hope people can stay calm for a while and not panic about it because it will end soon and everything will be okay.
So enjoy this moment and if you see the chance to buy back or buy low and sell high, you should use that time.

Ah right, thanks for pointing that out. Almost like they were prepping that loaded gun to shoot at the markets when it was in a frenzy ha. Suppose the convergence of network presumptions and external market pressure seems to have combined nicely on Sunday.

No matter, good to get this out of the way now. We all know Bitcoin does seem to perform exceptionally well in the face of intense pressure and scrutiny.

it depends on how high the bitcoin price reaches the ATH. if bitcoin only hits an ATH below $ 100k, the chances of bitcoin price dropping below $ 50k are pretty big. If you understand the price of bitcoin when it reaches ATH in 2017 you will understand what I mean.

People say "this time is different" every bull run. I don't think that a small number of companies investing in Bitcoin means that literally every possible institution will join in this bull run. The point of investing is to buy low and sell high, and buying a volatile asset prone to bubbles at ATH and in prolonged bull run doesn't sound like "buying low".

The reason why they always do this on Sunday is that there are a lot of banks that do not wire money on Sunday to crypto places (well most places) and that is why weekends are harder, you have to deal with what you have in the market and new money doesn't come in that easily so that causes the price to drop and nobody to put more money to buy again. Of course there are many methods all around the world that you could do to buy more, but there are also many methods that you could lose more as well.

This is why at the end of the day we are talking about weekend drops. They know this and they just share these things to try and hurt crypto as well, they could very well do this on a weekday, or not even share this news, but they know that if they shed a bad light on bitcoin they could drop it. Janet Yellen is known to hate it so I think that makes sense.

Rather a bunch of whales since that was thousands of BTC sold across multiple exchanges in less than 1 hour.

There's nothing to worry about though. Pretty much a normal selloff after an all time high and a few days ago I was talking about the pi cycle top being marked. I think it was on Tuseday last week that the marker went off and 2 days later we had a first small crash, then another and another...

Small liquidity on exchanges that we're experiencing isn't helping but bulls still look strong. 

I am wondering what your confidence is based on and what you will tell your friends if they buy bitcoin and the price drops significantly lower. I can assume that since you are planning to give such advice then they are new to the crypto and you are going to take on such a responsibility?

After the short squeeze that happened on Sunday, I think that you should reassess your analysis Op. The fall was sharp from $62k to $51600 and it was near $50k, so breaking it down again is not a big deal for the shorts. Some say it was a funding fee reset, others say that US Treasury may charge some financial institutions for conducting money laundering through the use of cryptocurrencies.

Yes, I read that someone tweeted about US financial body investigating on exchanges about money laundering that really fuel this flash crash on a weekend. Imagine that, when we are all relaxing with our family suddenly the market goes down very hard because of this unfounded news.

So we almost visited $50,000 again, but thanks to those strong hands, they didn't bulged-in, never moved their position and the price is holding almost 18 hours after billions of dollars have been wiped out. Let's wait till the dust settled in the next 6-10 hours and see the effect of this negative news.

Noon on Tuesday we will know if this is the beginning of a long drop or if it was simply buy the dip.

I went with buy the dip and got some cheap btc.  51.7k and 52.0k  were my buy points.

Before that, when Bitcoin hit the ATH price of $ 64k, I was very optimistic that the Bitcoin price would not drop below the $ 50k price again.
But suddenly now Bitcoin is correcting and very quickly falling below the price of $ 55k, I have more doubts whether Bitcoin will never hit
a price below $ 50k again. Indeed, it is very volatile once the Bitcoin price can go up very high and if it has gone down the price can immediately
fall suddenly. The most important thing is that in situations like now we should not panic, still believe that Bitcoin will recover in the near future.

I almost believe that Yesterday will be the day when the Value drops down to almost 52k$ level But lucky that it does recover overnight and went back to almost 56k$ I was at my standby mode waiting for 50k Plain level to buy more but yeah I failed .

What is the comparison from 2017 to 2021? if you really know the market surely you won't say those nonsense .

obviously you know nothing but BS posting.

Well we cannot really say that the bitcoin will never go back below 50k$ because after a big pump i am sure that big dip will also come, maybe not this year but there will also a dip and i will wait for that dip to buy and hold, for now i will prefer to some altcoin good altcoin will surely rise this is bullish season so there are always a great posibility that alt season will start.

There's no one really can tell on what will be the next move of Bitcoin if it is going to break the ATH or going for a dip and as for predicting the price. It seems OP was very optimistic regards on Bitcoin price which there's nothing wrong actually however, you should know everything has a limit, Bitcoin will not always in a bull run and will increase forever. There will be dumps no matter what happened, as a matter of fact, we had a correction recently and it almost drops to $50k, imagine if Bitcoin enters the bear market it will definitely fall beyond $50k.

Dip has just happened after Bitcoin reaches $64,000, it was followed by a $53,000 dip. Though the possibility for Bitcoin to go below $50,000 is always possible, but it probably not gonna happen currently as institutions are still coming in to the crypto market.
If you noticed after the crash, people are rushing to buy at $52,800+. Some might have been waiting for $50,000 but It really is hard to wait to buy at that level especially that investors has been looking for a good entry point.

Not sure this is really valid given that I've seen and enjoyed plenty of Sunday bull runs myself -- all this bearing in mind there's little on-chain interaction on the weekend as well. Definitely can see the role of leverage platforms and cascading liquidity as has been put forward by some analysts, but yeah, Sunday does seem to hold a special place in Bitcoin markets;)

People who say things like this either havent been around long enough to know better or are willing failure by arguing perfection where it doesnt exist.   Volatility obviously means both directions not only upwards, if we agree Bitcoin can be erratic in a positive way then its only realistic to admit it can mirror this downwards also and it doesnt mean it stays at below 50k but it can trade below there without too much required imo.

Above 55k I dont think anything much happens this week but also breaking upwards from 60k later falling back like this appears badly; top of a ladder is the most dangerous step. A failed move can lead to reversal if you think technical patterns matter but I've not seen anyone warn on that as the Sunday or weekly close wasnt so bad as it could have been but imo it can develop that way if it drags on.

The markets have recovered quite heavily today but selling pressure is still there as I am seeing some insane 140-200 btc orders on the sell side for btc usdt pair. I think we are about to see some bloodbath before the dust settles and this time, btc may plunge below $50k once again to take down the liquidity that has been holding for so long.

Perhaps it will make a correction in the price but not that much.. I, guess. Because seem like its not fair for bitcoin to falls back to the oldest bottom price. Especially after alll the bump. In my opinion it will happen only when whales manipulate the said coins.. Just imagine 62k to 50k?  a massive dump actually..

Right now the price seems to be trapped between 50k and 60k, just a few days ago when we reached a new all time high it seemed as if we had finally left such levels behind but the bears made a huge effort to push down the price and to reverse the trend and they were close to get what they wanted as we reached a price as low as 51k at some point, but this tells me reaching a price below 50k during the short term is not as easy as it may seem and it seems we are going to remain at the current levels for some more time.

I think 53k wasn't there for too long, we have been over 55k+ for the majority of the time, that 53k (and even 51k) was hit and then bounced back very quickly, didn't even take 1 full day for it to go back up, so we can easily say that dip has been 55k if you waited. I believe that is not bad at all. I do believe that 50k could be reached and it could go under but I believe it is not that easy neither.

I just think when there is a huge crash in the market for something major that means we could be under 50k, however no regular everyday type of crash like we have just seen could make it go under 50k. Why? Because like you said people were rushing to buy bitcoin as soon as it dropped, that means a lot for us and as long as that happens we should not really worry, as long as people buy that is a good thing, be scared if people stop buying bitcoin.

Just imagine that the price jump only in a month from $53k to $63k, it can be a big gap but it just happen in a short period of time and is now recovering again, the dump is normal as it experience too much hype in just a short period of time and continuously setting ATH, a little break will not harm anyone unless werent able to take some profit atleast.

As a bitcoin lover, you can speculate that but bitcoin may down below $50k again. It is possible for crypto currency like bitcoin. I believe that bitcoin will hit $100k but we can't speculate surely that it will not down below $50k.

No one can say for sure whether bitcoin will ever go below $ 50,000 again but the market is undergoing a huge revision which means that bitcoin will rise further bitcoin is in a strong position in the crypto market and will not go below $ 50,000 even if the price goes down. As well as transactions or payment gateways like PayPal have now started accepting digital currencies the acceptability of Bitcoin has increased.

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

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.

Maybe bitcoin will go lower, but not soon according to my analysis

https://i.imgur.com/J0ZSydN.png

The triple bottom has formed around $53500. Big reversal pattern for this massive sell-off. If I were you, I would buy bitcoin to take a small profit at $60000 or more. History may repeat itself and bitcoin can lower but right now it is a convenient time to earn money with cryptocurrency

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.

I think if a single tweet by a relatively unknown organization was able to crash Bitcoin from around $61,000 down to $52,000 in the space of a few hours, on the mere speculation that the US government might start prosecuting banks for Bitcoin based money laundering, then it is highly possible a much larger crash could happen if it became reality. The only financial companies that will survive are those with stringent anti-money laundering precautions (removing anonymity) or fully integrated payment networks preventing external transactions (like Paypal). There are a couple other things worth remembering as well - one, that "Uncle Sam" may start to take a dim view against cryptocurrency if it ever looks like it could start replacing the US dollar as a reserve currency (highly unlikely). The second thing that might be worth considering is that Bitcoin is receiving a lot of support from the Chinese government which can be dangerous in numerous ways - they might eventually get the ability to perform a 51% attack or even have Bitcoin sanctions used as a financial weapon against them.

Even with such a big crash, we stayed above 50k, that should make at least some people happy right? I mean I am very happy about it, it is definitely something I really wanted for a long time. I can't say if that is the end of it, I can't say if we will ever go under 50k or not, maybe we will, maybe we won't, I wouldn't know it, nobody can "know" it, we just guess. However we could at least say that we are doing better right now and that is a very good thing.

This is why I think there is a chance that we do end up with something decent after this crash, we will probably go up, it looks quite good and it will be something valuable once again. I don't know if 64k+ will happen again very soon, but I think if we have a recovery, it will definitely happen eventually and when we go over and break the all time high price, it is going to be a bull run followed after that.

And to add up, this was because of this event.

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.

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.

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.

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!

Does below $50k can be considered to be already the start of bearish market? Who knows. and we arent that far off as the price is going down at the moment and if it cant able to sustain nor able to stop by those support
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.

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.

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.

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.

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.

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.
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?

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.

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.

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.

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.

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.

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.

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.

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.


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.

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.

https://i.ibb.co/8Kjv74L/63-C76354-47-BC-4-CE7-B692-59-F8147-C2-C20.jpg

Currently it is on $50,344.
Still at a good price and position while this is another fuel for bitcoin to cross another all time high. This is getting excited how high bitcoin will be after this correction. While the market is being manipulates again, this is pushing outside those weak hands while the whales gonna take their sold bitcoin at a cheap rate.

I'm sorry to say but I gotta disagree. Just traveled with my time machine to about half hour ago and saw it go not just below 50 but even below 49.

https://meem.link/i/t3w6gk66.png

Think I passed by suchmoon on a similar time machine, though I might point out my genius even earlier at the last ATH, too long traversing Bitcoin weirdness to rule out any price so soon... Especially when 50k is barely 20% of current peak price.

Nice that whatever you buy now is 20% more when 60k gets its due test.

...And this is why one should never say never.
It's just 9 days since the starting post and we're already under 50k.
OP, I have a feeling that you've jinxed it  ;D

I'm not worried though. There are quite a number of companies and entities that just love to buy the dip.

I'm surprised to see Bitcoin below $50 k but it comes a time when I don't have funds to buy more, I should have prepared for this scenario, this a proof that sometimes it's worth a wait, my worry is that I failed to buy at this dip I'm not worried on the dip, Bitcoin will eventually recover, this is a good opportunity for investors and those who wants to invest the first time.

It is obviously a fact that the case topic is invalidated as Bitcoin has shown the way below 50k. I see Bitcoin still testing lower levels and possibly breaking them to show lower supports. loads of factors have come to play but most importantly are the regulatory agencies passing laws and enforcing laws across all levels and having stern penalties to it.

Lol, he probably did, we are now trading at $48k-$49k. And we are back to the price in February if I'm not mistaken. But in any case, yes, this is another golden opportunity to pick up and buy bitcoin at a discount again.

No one to wait for like $20k, like what someone has been spreading in this community for the last couple of days. Buy as much as you can at this price and then hold, simply as that.

I can wait for $20k, you know everything is possible, once bitcoin hit below $40k, $30k, then $20k will become a realistic prediction. When we say dump or correction, it's the opposite of the bull run. Be open of the possibility, but always consider the dump as an opportunity, long term holder could accumulate a cheaper price if they'll wait, with this current dump, let's see how the market will react, whether it will dump more or will recover.

Love that my prediction was wrong!

A few weeks ago I figured Bitcoin would spend a couple more months in the $40,000s and $50,000s, normalizing that price, before gradually continuing its upward movement, but then when it went to $64k I thought it had bust out of this range early so I made this prediction. Turns out my original thoughts were right! Continued normalization of $40,000s and $50,000s as Bitcoin builds a base around $50k. All playing into the ever more clear view that we're in the early stages of a multi-year bull market "super cycle".

Charts are forming a new pattern we've never seen before. Instead of parabolic boom and crash, the chart has now leveled out following an initial parabolic phase. Bitcoin market looks so much more mature now than past cycles. FOMO is no longer the driving force of Bitcoin. We're seeing the mature narrative of Bitcoin as a long term store of value increase rather than a get rich quick scheme - and that is clearly on display in the price chart this year. Looks like I made the prediction in this thread a little bit too early, but it solidifies my more general thoughts on the market. I'd love to see $40,000s and $50,000s stay through May and maybe even June so new participants and institutions looking to dive in deeper feel very comfortable at current prices and can get in low before price start moving up again!

Charts look great and everything is still moving well in the bull market, $100k looks on target for later this year in a much more sustainable fashion than probably most people predicted. Won't be long until $50k truly is a thing of the past!

The events happened a little faster than I expected  :) By the way, at the moment, the price behavior model is very similar to: a fall - a partial recovery - a new deeper fall - again a partial recovery, etc. It looks like we are moving into a bear market and will soon see levels even lower than 40k.

It funny how some cryptocurrency enthusiasts predicted what will happen in the crypto market in the future through the current bullish market happening when everything is going up simultaneously whereas the volatility in nature of the market can pose any momentum without any problems.
The word Bitcoin will never fo below $50,000 proved to be false by the current market price.
Please let's wake up to the reality next time.

Everyone here doesn't have a crystal ball so they can never predict exactly what will happen in the future regarding the price of bitcoin. Also we have seen that a lot of technical analysis can still go wrong because basically no prediction is always right even though some of them can be done well. Bitcoin and other altcoin are asset whose price are determined by supply and demand, therefore it is still possible to see them wrong with what had been predicted.

We definitely look forward to the market to recover soon and the bullish will continue. But today we have another fact that even though the support from institutional investor is quite large, they will also not be able to withstand the wave of trader panic.

Or maybe they are riding with it to catch more cheaper coins from the market. Institutional investors are good in terms of riding with the waves of any trends,

If they seen potentials they'll grab the opportunities right way, it's really hard to say what will be the fate of your investment, like what you have mentioned no one have an accurate predictions even technical analysis can go wrong.

Your knowledge will keep you away from losing most of your assets, you got to trust your  own assessment,.

I believe that this small downtrend was long awaited and the whales are possibly selling their BTCs so to get out at peak (as this may be high for them) and maybe the Institutional investors are not the reason for this dump. But what if those institutional investors only are selling hard in order to safeguard their assets before huge capital gains taxes will be levied on them as promised by Biden? Don't you think it as a major reason behind this dump?

Well you know how they say: It ain't over till the fat lady sings!
I don't think we've heard the fat lady, yet.

It always seemed possible to me and now we have seen it become reality. When bitcoin reached $20k in 2017 we saw it lose more than half of it's value afterward. After hitting new all time highs in 2021 I expected to eventually see a big crash. It might not be as big as in 2017 but I still thought it would be enough to go below $50k. It wouldn't shock me if we saw it go to $40k either.

we all know the price of bitcoin year after year, after some bounce happens in the next few months bitcoin loses half the price and this will probably happen and we can't stop it and maybe it will fall below 50k $ and we have to be able to go with this flow so it doesn't too steep

Actually I am believing that bitcoin will not going down at $50000 because i know based on my research and observation bitcoin was established and can maintain the high demand especially on continue of rising of investors buf then it shows up it was happening already because bitcoin now was already $49,000+. I may now believing that the cryptocurrency market was approaching or maybe in the start of bear market.

Bear troll Proudhon, you win this round.  ;)

Confirmed.

Did not age well!

Institutional investors are indeed good in riding with the trend of any market they invested but cryptocurrency is totally different from every other setting of investment due to the risk involved that's the reason why the institutional investors can withstand the wave of panic traders though they will grab every opportunity they see but they still can't withstand trader panic.

Lol this post only a week or so in didn't age well.  Listen if anything has been learned in the last 10-11 years is that people can never so it won't do this or that because most likely its broken each one of those predictions.  Large spikes and large falls thats how bitcoin rolls at least for now.

Bitcoin may drop its price below 50k, but as we have seen, it is bouncing to 50k again. It shows that it has strong support in this level. But the title of the OP has been broken already. But I believe this year, we will not see a massive drop as the support of institutions and companies are way stronger than in the previous years. Maybe, some of them are secretly buying in this dip.

when the price of bitcoin was still at $ 60k, many felt that the increase would continue. however, many people do not take into account the price correction. well, basically bitcoin price is still really close to $ 50k. So, it is only natural when we look at the price of bitcoin to be below that for now. maybe after this the price of bitcoin will rise again to be higher.

And it is normal, it is likely that those that are complaining about bitcoin not growing and going down in price have been here for a relatively short amount of time and they have never seen bitcoin doing anything like this and that is why they are afraid about what it is happening, but for all of us that have been in this market for years we know this is just the way bitcoin moves and we just accept it even if we do not particularly like it.

Now that has happened, and make sure you are getting some at this deep discount. Don't let some inferior questions like <$40k or <$20k haunt your mind. You will never have the opportunity to get it at a lower price.

It just goes below 50k$ in the past days and probably a lot of investors are already expecting a drop because bitcoin was pumping recently and making a new ATH in the market.

But still, the gains were still so high if you look at the chart of bitcoin, and bitcoin price is so volatile when it skyrockets because we could expect investors to take profit when the price is so high.

A safe price I think is 40k$ up because we can clearly see a lot of resistance around 49k$ in the market so probably when it goes below 40k$ a lot of investors are already panicking.

Many people had a doubt about this. After the price down to 48k above market, it was criticised to reach a bottom of 40k. But with a huge struggle the price of bitcoin not get below the 45k. From my point, this one as a achievement. Most of the altcoin price reduced to 10$ from 100$ in a short period. But struggling with a huge challenge is made the bitcoin as a king.

You are right; I'm also seeing lots of people are asking such questions about having bitcoin prices below $30k level; in my opinion as well there will be no possibilities for that happening because even what we are having right now is highly unexpected and non-technical supported because it is time for bitcoin to be testing $70k levels but it is doing right now below $50k levels. Hence, expecting further low to happen really sounds like too greedy for cheaper bitcoins.

Right now, what we should need to do is, making use of currently available dips rather than keep waiting for more dips to happen.

Bitcoin would always be the king and i cant think that it would be replaced soon into its top spot.Its usual for people to have that kind of behavior where they do changed up their
words on what the current condition they are experiencing.

For now we are sitting around 49k which is playing between 50k price point which is totally really hard to tell on whats the possible next movement because
it is moving sideways now.

Going below 50k or even 40k will likely to happen if we do see some continous fall but it didnt happen but instead it do able to held up strong on this support.

You need to re-read the topic first and see how quickly something happened that the author of the topic assessed as an incredible event. I think the same can happen with the level of 30k or even 20k (in the case of some kind of force majeure). Bitcoin is still a very volatile currency and highly dependent on external factors, so we must be prepared for the most unexpected prices.

More doubts will come in our minds as bitcoin kepts struggling to support the resistance of $48k-$50k. Because as of this moment on latest market updates btc tends to be bearish. Most altcoins that relies from it's market went down, though many holders still managed to be strong enough and controls their emotion but it can't be denied they've been affected so much.
It's very important that we should monitor the current market and avoid rush decisions, we might not know there's a big waves of pump coming.

Never should be a swear word lest we forget the bad temper markets assume when told you cant do this.   If theres a more profitable trade to take downwards then up, if on balance gravity is the more consistent force to consider then why wouldnt we return to lower prices when we know some can make money in either direction and will always take the profit from any trade available.

People need to stop wondering and at some point they have to jump the gun, almost no one buys any asset at the optimal price they could have done so, the best moment to buy was after the crash we suffered on March during last year, but except for the whales who bought at that price? Everyone was too afraid due to the crash and the pandemic and lockdowns we were going through to buy bitcoin, the crash that we saw a few days ago was the perfect opportunity to buy as I do not see the bears pushing the price lower than what we saw during those fays.

Heading back down toward $50k again, which is mathematically predictable. Will soon be permanently below $50k as I've confirmed.

Never go below 50k or would go, it doesnt really matter because i do just simply do all the things according to  the current situation im into. Dont anticipate for final numbers
because there would always be a chance that it could go below those numbers that had been speculated.Take a look with  that recent drop, it did go below 50k but
luckily it did able to held up strong and now we are playing around 50k+ range which might possibly able to break out 60k in some time.Lets just not make our
hopes up that high because it will just frustrate us when the price hadnt met our expectations.

Yes, bitcoin will be the top of all coins. bitcoin despite the downturn will still stay above $ 50,000. This token has strong support, it is actually a benchmark against other tokens. Bitcoin will be very influential in the digital world or crypto platform.

On the other hand, bitcoin is still a very volatile currency and relies heavily on external factors, as investors must be prepared to face the most unexpected prices.

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.

Unfortunately BTC dropped 47k $ effect from a massive sale on Coinbase. but due to the strong support even though it touched 57k $ Bitcoin immediately made a recovery. and it is proven that to this day altcoins can even party.
note: bake, sol, tko, bnb etc.

Permanently below 50k is too big a call but another requirement for lower prices and higher volume confirmation seems quite likely to me.   We certainly have ongoing hesitancy

We're back below 2 day, weekly (https://talkimg.com/images/2023/06/12/AV6x1.png) and 50 day average again though it can recover it overnight I wonder what will it take to break a range and move on from here in some significant way.   My personal take of the lows that it did not resolve the bearish case for the rest of the year so I expect more but also new highs are possible.

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.

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.

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:

https://i.imgur.com/UiTtsuB.png
Source: https://www.newsbtc.com/analysis/btc/bitcoin-holds-key-support-55k/ (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.

^^ 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.

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.

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.

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.

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.

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.

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 ;).

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.

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. 

https://talkimg.com/images/2023/06/12/AVnvN.png


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.

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.

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!

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.

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.

Nothing is actually assured into this market and its up to someone if they can risk out money to get in while its still cheaper compared it was an hour or a day ago.

Its a matter of choice but its true and i agree on what you had said that we have seen many times on how this market behaves even though on a very unpredictable manner but at least

you can be fully aware on how it behaves and with that you can presume things out and make out specific actions basing into those experiences.

You sounded too optimistic in your believe that Bitcoin will never drop down to $40k per coin. In as much as you gave some cogent reason to back up your being optimistic I still believe anything can happen in the crypto currency market at any time. There are people who are despirate to make huge profit and they will to buy at the cheaper rate in other for them to more profit.
So many market speculators say all this in 2017 when Bitcoin price reached $19k and they surprised when it drop to $3,500 in the year 2018.

Even though I don't think bitcoin is going to fall below $50k by November (or probably this year for that matter), I don't think it's going that high in 2021.  Nor do I really want it to, because that much growth in that little time would mean that a bubble had formed--and we all know what happens to bubbles eventually.  If we saw steady growth in bitcoin's price by late 2022 I could see that happening, and I'd be fine with that, but not this year.

And I'd never rule out bitcoin falling below $X, whatever value you want to put on X.  The OP was written last month when it was above $60k and look where it is now ($55k as I write this).  It wouldn't be much of a stretch for bitcoin to sink under that $50k mark, and I'd bet it would do it sooner rather than later if it happens at all.

This mean there is no guarantee that the bitcoin price will stay above $50K until December 2021 due to price volatility. Some time ago bitcoin fell below $50K before starting to recover after some time. So far, institutional investor have supported the growing adoption and existence of bitcoin as a profitable investment asset. If they can make the bitcoin price go up high, then they can make the price go down in my opinion. I'm not sure the bitcoin price wouldn't dump any further if they decided to sell all the bitcoins they previously bought for a low price.

Strong support is indeed at $ 45k to $ 50k, if it returns below $ 50k then Bitcoin can still recover again,
just like last time, when the Bitcoin price experienced a correction below $ 50k and within a few days the increase occurred again,
and new ath happened. At over $ 60k, of course if you think bitcoin will not go under $ 50k is stupid, anything can happen guys!

I think i need to Bump this now, because bitcoin goes down to below 50k and nearing to fall below 40k .

It's not about the low value but if this will fall to below 50,000$

your peximism was right, although it is the result of a great coincidence because the price only dropped because of tesla. but it did not break the support that is in the $44000 which shows that it will be back to the $55000

https://i.imgur.com/huewjF4.png


For years people have known about the downside of bitcoin and that has never stopped them from liking and buying bitcoin, it will not be today that something would change. look at the bitcoin price that you clearly see is not falling very much because people are optimistic about bitcoin in the long run


can you show us this math?

This has been broken and that is what you can obtain from a market that is highly volatile, the price action is mostly unpredictable. I am looking toward 40 - 45K BTC before we can see any major movement upward.

Hope you will now change your perception of upward trend of Bitcoin market value based on what happened today with Bitcoin price and to now believe that whatever goes up must surely come down one day. Anything can happen in the crypto currency market and we equally have at the back of our mind that the market price is determine by the fources of demand and supply.

This will be the lowest low for this month, and it's probably can go down to $45k as well.

In any case, I read that Elon Musk statement could have affected the price negatively today. But I doubt that this will have a long term effect, maybe after this down side, we might see another major movement and a good break-out run. And I would say that we don't need to panic, this is just another test. We've seen the price going below $50k this month and recovered. The same thing will happen here.

Many times that bitcoin has dump below $50k, this is not a good sign that bitcoin will reach a new ATH, but a sign that bitcoin might turn from bullish to bearish. Though it's still positive on the overall market performance as the dominance of bitcoin is decreasing, meaning altcoins are growing when bitcoin is dumping, which is a good news since money are still in the crypto space.

Good winds are blowing for BTC, it has made a good profit in a short time, I see that it is already going for + 3% and all FUD given by Elon Musk is coming to an end, many investors once supported BTC saying that they will accept BTC in their platforms like Mark Cuban, also Microestrategy bought 271BTC, this is excellent for BTC:


https://i.imgur.com/be1X7tS.png
Source: https://cointelegraph.com/news/price-analysis-5-14-btc-eth-bnb-doge-ada-xrp-dot-bch-ltc-uni (https://cointelegraph.com/news/price-analysis-5-14-btc-eth-bnb-doge-ada-xrp-dot-bch-ltc-uni)

It is a great time to buy now, I think that if the BTC goes down you should not panic, you just have to completely trust that BTC is the best investment ...

People should really think off about on things that happened on how bitcoin did correct itself and go into these levels where people never expect for it to be reached.
Anything could be touched down depending on the market sentiment this is why we should really be careful on making out decisions neither we should sell or buy.
Never ever put out the probabilities for the price on not to reach levels because that would just break out your anticipations which would really frustrate you.
If you can see the chance or opportunity to grab on then its up to someones choice on how he would react.

When altcoins are growing still despite the BTC down trending, there is a significant trust builds up that another spike to break that barrier to go up to $70K. To which the reason why we are still bullish on BTC. In fact, when there is tension around like a war is about to happen, coronavirus and FED issues the crypto market will likely to win. Although it actually dip below $50k, the market is about to burst again.

Yeah i see that bitcoin fall below 50k$ but it doesnt mean that we are now slowly down into dip, bull trend is still there and we can maybe expect huge rise again in the next days. I will still wait for btc to go 60k$ and make a profit on some good altcoin that is now slowly rising there are so many ways to earn on this bull trend so we need to be wise this time.

I would not have speculated wilder about the current price of bitcoin due to the fact that since mid-April 2021 until now the bitcoin price has been in a period of decline. The highest ATH was recorded on 14 Apr 2021 $64,804.72 and has experienced a correction of -23.2%, which mean the price of bitcoin is in a downward trend in the past month.

Bitcoin is currently trading at a price of $49.7K and is still trying to cross the resistance line. I think it will require more time and support from investor and trader. There is a possibility that if the line is not broken for some time, the correction will continue.

it's now below 50k

https://coinmarketcap.com/currencies/bitcoin/

actually the value is far down and it goes to 48,000 now.

Any expectation on when this will come back to at least 60k? no idea at all but of course I am not losing hope that the 75,000 will be break in the next months or so.

$45k isnt really too far off with the current price we are on at this moment so i cant really be that much confident that we wont really be getting lower with that level
but doesnt matter because i do see the price would able to held up 40k+ strong and wont able to see those 30k price wayback again unless if there would be
some negative news that would pop out then it can really trigger out for the market would be heading on that way.
Lets just make some wise move out of this correction and benefit out when the market recovers.

In the last 7 days it looks like bitcoin has gotten a lot of negative sentiment in the market so that the price movement of bitcoin is very slow and tends to decline by almost 17%, I think the words of Elon Musk, who said to stop accepting tesla purchases using Bitcoin, had a huge impact against bitcoin in the market, so that many institutional investors or large traders sell their bitcoin and as a result the price of bitcoin has decreased, but for me personally, the decline in bitcoin prices now is a good opportunity to buy bitcoin at a low price because I am very sure when there will be positive news that hit bitcoin, of course, will push the price of bitcoin back up and will probably create a new record high price.

A very wide range of possibilities - maybe next week or maybe in the next cycle  ;) If we assume that the market is completely manipulated, then the whales will not give an opportunity for those who bought at prices above 55+ to get their money back. And most likely a temporary fall serves only as a bait for those who think that this is the bottom, which means that after such a small fall, a much deeper one will come.
This is a pessimistic option, but there are also optimistic ones, but we are not whales and we can only wait)

The whales are smarter than typical traders, they don't panic, instead, they will create panic. While we are thinking that bitcoin will bounce back easily, so we will buy to accumulate, but their mind is different, they will do more dump so it would really affect our emotion and when we thought bitcoin will not anymore recover, that's where they enter to buy.

They know how people think, especially the newbie, they love FOMO and they are easily affected with FUD, hence they will usually make a bad decision and would easily panic.

Op must be regretting with the thinking he had then.
What looks too good to be true, always ends up in grievances and accusations and that is what we are experiencing after this unsettled loss in the percentage of gains we were having till last week, but everything has been changed now by the game changer Musk and his fellow investors who, following him blindly, sold their btc holdings too and are trying to buy doge. It is our chance to show them the power of btc community that if they can dump our markets, we can dump theirs.

They are not smarter, they just have fundamentally different opportunities, even if they do not manage the market, they can make a profit when it moves in any direction, plus they can wait out "bad" times of 3-5 years,  while an ordinary investor will definitely come out at this time out of position.

---

By the way, it seems that soon it will be possible to search for authors of similar topics (about the levels of 50k, 40k, 30k) and ask "how are you?"   ;D

We don't know what happens next but one thing is for sure, hodling and buying more is the only key take away on this situation and I think is the most rational thing to do since panic selling isn't the smart option and will never be.

Panic selling will always happen when there's a bull run, the reason why the price is so volatile is because of panic.. whether it's selling or buying. What is happening now is panic selling, the weak hands are dumping because of the bad news and we might see more of these, and not only that, whales are also playing in action, they will dump so the price will dump more and it will continue to create panic.

Then thank the Gods for panic sellers because they make people like me get more profit from hodling for the long-term. I don't get how they are easily panicking over a news that never should get this big but there they are running with their tails in front.

You should rejoice as the market is giving you more opportunity to invest as the market is below $43k after a very long time and i would like to know what will be your entry point. I am of the belief that i am not too confident in investing at this price until the market settles down and there is no way i could predict when these institutional investors will dump their coins.

They had already dumped, the reason that we have witnessed a heavy dump which bitcoin reaches $30k in the past 24 hours. We don't know they will dump but it's pretty obvious, however, it's just a speculation for me as we all know how difficult to predict this market, it's just so very unpredictable.

Let's wait and see if bitcoin will again rise at $50k, but OP is wrong that bitcoin will never fall below $50k again as it even fall in just 24 hours to a very low price this year, and people panic.

This thread was such a perfect call of the top.  The extreme bullishness and confidence was a clear sign that a massive correction was about to wipe all the leveraged liquidity from the market.  RIP to those who got Zhoutonged and I hope lessons were learned.  There are no shortcuts in investing, at least none with a risk reward ratio that would be compelling to any normal person. 

Stop trying to get rich overnight with a few dollars.  It never ends well.  Building wealth takes decades and a great deal of sticking with your plan.  Most people give up before they find success, which is why you need to do something you love.  Only doing something you truly love will save you from capitulating during the worst time and giving up. 

The first two goals are met, but we can say that the third was very close to being achieved  ::)
Surprisingly, many of my acquaintances were optimistic about this collapse and increased their positions, it turns out that the market sentiment is still bullish - which means that the danger of a subsequent collapse is very high. The market likes to punish risk and optimism.

For me, it's not bullish anymore as major dumps has been witness after it hit the ATH. Look, Bitcoin now is still struggling to him $50k, in fact it stays at $40k which is very low compared to its ATH, I think we are going to a bear market, of course it will not happen instantly.

The only thing threads like this prove is that investors can be caught out when the price slumps or crashes out completely.

The poll and thread are now acedemic, so it would be better if this thread was now locked and forgotten.

Natalim

Yes, if we take formal indicators, then the growth cycle has already ended, at the moment I am not sure about the bear market, but it is very likely.

Timelord2067

Such topics should never be forgotten as it clearly show us that investors can suffer from both pessimism (when they miss profits being afraid to invest or taking profits too early) and optimism (continuing to hold a position after it became clear that the trend has already changed).

Maybe it can be said that because we have passed the bullish market all the way, the bearish moment came, it really hurt me because it was so fast and instant bitcoin fell by a large few percent but the possibility of this bearishness will continue because the real market has ended after passing ATH. $ 60k more.
After paying attention to the market and correcting where technical analysis is needed it will still be history that repeats itself again bitcoin there are always good and bad times so maybe this started with a lot of FUD news and this is where I want to know how deep bitcoin is.

In fact, if you look at the trend when 2017 reached renewable ATH, it was only the following year from the beginning of 2018 that bitcoin experienced a continuous decline throughout the year. even until the next year without being able to make improvements to be able to increase again. but this is not the case at this time, because at the beginning of last year, bitcoin was not corrected, but experienced several ATH achievements.

I am more likely that this deep correction is due to the element of bad news that happened simultaneously by @elonmusk and the information being banned in China. whether this really affects, we also cannot conclude clearly but usually bad news will always have an impact on bitcoin, but then again if this is just bad news then bitcoin will be able to come back up again.

We will see in the next few days whether this is really bad news that created a decline or indeed the period of increase from bitcoin has ended. If you look at the past halving, the end of this year is the time for renewable ATH to happen, so there is still a chance and there is still a long way to go. hopefully there will be changes.

And it seems that traders are shorting BTC isn't it? Because they know that we are somewhat in the bearish trend, the price goes to $41,000 but not enough push and momentum to maintain and as I check the price is hovering in the $37,000. And just like that the market turns into red and bleeding again.

But we can still bounce back though, only one good news and we are back to bullish cycle again. So I would say that we can still get out of this bearish trend and get back to rally once more, we will see.

In my opinion, most traders were catching a rebound after a drawdown, which allowed the bitcoin price to partially recover very quickly. Now they are fixing profit and the price is returning to low levels. It seems to me that we are still very far from the bottom and the price will continue to fall (in waves - fall-recovery and so on).

there is no happiness in today's market conditions, investing today in bitcoin is foolish. The price of bitcoin is still at its peak and has great potential to fall deeply when big investors dump their bitcoins onto the market. buy when bitcoin price is below $ 20k  :)

- At the moment that we are talking, the peak of bitcoin has been cut very thin by my calculations and the potential for it to go deeper is quite low as a couple of support points are helping bitcoin bounce back quite well, sometimes it is only temporary and can facilitate another selling. But we can still identify this could be an opportunity to buy bitcoin again, price already with resistance will be less dangerous than price going down in a straight line, the price you hope bitcoin will go to is probably too deep and that will cause you to overlook more reasonable prices