Bitcoin Forum

Hey Stop! 🛑

Look around, it is $50,000

https://www.talkimg.com/images/2024/02/12/vi6NC.jpeg
Can you now see the effect of the ETF approval?

What do you think...

• An upwards trend from $50k
• An downwards movement from here

It has touched $50k twice today and dropped, and the highest of it as of today, which I witnessed, was at $50,300, and this is just contrary to  Hhampuz  (https://bitcointalk.org/index.php?topic=178336.msg63636887#msg63636887) prediction on the wall observer. I never expected it to happen this quickly.
 
We might likely see it reach $51-$55k before the price starts correcting again. We have seen a lot of this quick movement before, so I don't think I should be too excited over this one. A bull run is around the corner, but I don't think this can lead us to that without the price dropping back down a little.

We did already reach 48k immediately on the ETF news.  It was only also that the selling occurred at that time and operation of a ETF is by a mix of buying & selling with automation so some of the price or market capitalization currently has to be taken as not holders but some traders who are just here with leverage in a short term trade only.
  A gain of 30% in just a couple of weeks should be considered with caution and also its likely shorter term display not a gradient that will be sustained.   Somewhere at some time it has to slow down, more likely pullback to a level of support and take a reset.  Its never straight up price action that occurs but spikes and troughs so where can we rely on support next, ideally we have now gained 49.3k as support but thats untested just got to check as we progress.

It happened when we least expected. Everyone was looking at the ETF to propel this surge but they used it to shake out the weak hands for a free ride to the upside. With this, ATH high is possible before halving other things being equal. I can only imagine the future of Bitcoin and where we will be as fresh capital continue to flow into Bitcoin through the various ETFs!

indeed long term HODL will always win.

Yes Bitcoin Price increasing and Finally Bitcoin Price $50k. After long time Bitcoin again touched $50k. And i think it is impact of ETF approval. It was aspected. Because ETF approval was big news for bitcoin. So it’s impact will also big it is normal. And now happening that. I saw before 6-7 hours ago Bitcoin price was $47800 But within 2-3 hours It reach $50k. I think it is not for short time pump. I think it will be continue.

I think it happened for ETF approval and it will continue. I think Bitcoin price will hit new ATH before bitcoin halving. And after bitcoin halving within one year bitcoin price will hit minimum $100h.

Finally Bitcoin to $50K Hooree!!!

Maybe the ETF is pushing up the price of bitcoin now but with the previous approval there was no significant spike but bitcoin took time to climb then now it has reached $50K because of the previous ETF push.

The next trend is up that's what I predict going forward but we will see how bitcoin price goes to $60K again or before halving? It is possible but I will never doubt that bitcoin will rally again this year.

I don't think ETFs have a direct correlation to the current $50k breakout, but the impact of high ETF demand requires brokers (or whatever they are called) to buy large amounts of bitcoin to cover costs if ETF investors sell their holdings. Apart from that, the increase in demand for bitcoin ahead of the halving was something that was predicted previously, but how the price will continue after today may still be too difficult to determine for sure.

I'm still optimistic that price will likely test higher resistance levels during the week, but a small correction before a big rally is also very possible. Keep holding if you have bitcoin, in the long term you can expect greater returns.

After much waiting and speculation, the price of bitcoin finally reached $50,000. Because of the bitcoin ETF, I am speculating that a higher price will come into play before the halving season, but let's see how far bitcoin can go. I think we'll see a new all-time high by then.The hodl and accumulation continues

Since 2021 we did not have that value, now let's see if we have a new "floor" to sustain, although in the first moments of change it has  didn't stay long, as expected, and I think it will be difficult for it to sustain in the short term...

It really seemed like we have seen this price range much earlier than that.

I think we have two or three more resistance levels before we hit the next ATH, which might come before the halving happens

really didn't think we would see the price of bitcoin reach $50k this month, the history of bitcoin prices will never fail, as usual, the price of bitcoin will definitely increase before the halving happens and we are seeing it happen slowly.
this is what makes me curious, many are switching to Bitcoin ETFs because they follow the trend, but there are also some predictions that say that when the Bitcoin ETF ends, people will return to altcoins, I don't know if this is what actually happens but I don't think it's a short pump. This happened because of the Bitcoin ETF approval, we'll see what happens in the market in the next few weeks, maybe there will be a decline of several percent until Bitcoin sets another ATH record.

As at the time am writing this now the price is at $49,857 but despite the slight decrease in the price from $51k it got to earlier I am still optimistic that the price might go above the $55k mark you are viewing and may likely not hit  down immediate for a correction. My optimism is based on the bullish momentum candle on the chart that led to the $50k+  price, maybe I might be wrong or right but it's all a prediction from my view.

The ETF approval recently has been impactful on  the price of bitcoin and what we are witnessing in the price today is just a forerunner to the enormous surge in price that will play out probably before the halving period. If you're holding, hold.

Bitcoin finally chosen the right direction after weeks of consolidation, and first time we see the price react positively with such an interesting movement in the since after the Bitcoin spot ETF approval, So this recent move price target in the coming weeks and months is towards $61k-$69k, but from my analysis we may face resistance at $52k-$53k, $55k before we could see the price beginning to ease up its current upward momentum.

This is what we are talking about, a pump that is closer to its peak.
Now, the question is can you still buy at this level or you will take profit now and buy more once the market corrects. Be careful with the trend for now and wait for other signal before you make decisions, know that the market will always have its own correction, though if Bitcoin can sustain its momentum in this level then we might see more pumps this month.

It's hard to say, but yes, there is potential to see bitcoin test the $52k resistance if it manages to keep its price above $50k. The problem is, price movements are still very wild as some investors will probably sell and take profits, but if the selling pressure is not too strong then $50k is expected to be maintained. I'm looking forward to how high the market will close today, but I think bitcoin is still too likely to correct to $48k again.

This should not be a short pump, but natural price movement is much more to be expected. A sudden increase in demand is more likely to make the price fall just as quickly, but I don't expect there to be much panic once $50k is broken.

Wowza!

Just woke up a little while ago and just happened to check preev about two minutes ago.  When I went to sleep bitcoin was just over $48k, so I was pleasantly surprised to see it break that $50k milestone.  It seems like forever since bitcoin has seen that level, even though it's only been several years IIRC.

I'm puzzled as to the results of the poll here.  I would have expected more bullish sentiment, but as I write this the votes are about 50/50.  What's wrong with y'all bears?  Can't you see bitcoin is in an upward trend and has been for a while now?  Dang!

Yep. I saw Bitcoin price already passed $50,000. According CoinGecko, it already reached $50.259.
Previously, I predicted Bitcoin will reach $50,000 on February 11. It was because Bitcoin passed $48k in January 11. I assume there will be the same pattern for the price move. But it needs a longer time to reach $50,000. However, we know that Bitcoin seems to increase gradually from one month to another month. There are probably a higher rate in each month before the Bitcoin halving begins on April.

I think there will be a more pump.
Bitcoin may try to reach another higher rate in the next month. I expect it may reach $55k before the Bitcoin halving.

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DYOR/DWYOR

The majority of the analysis that I am seeing tells that it is going to be followed by a dump. Yeah, this is quite too early to see before the halving but once this breaks the confidence of those analyses, as usual, Bitcoin is always unpredictable and that's what people must predict and expect from it. So, if there are analyses that tell that before or after the halving it is going down. That's okay but the result still depends on the demand and how it is coping up with the adoptions like the actual volume that it is getting from the Bitcoin ETF spot. And don't be surprised everyone when fees go higher as well.

The price isn't stable right now and it increased more than $50k before falling again under this barrier level. Right now and depending from exchanges, the price is around $49,980k. I don't know if there will be a huge correction right now although I think it will occur at some point but I find the tendance of the market is in favour of more price rise.

Continuous HODLing and taking advantage of the market is the way to go! Woo, it feels like it's going to rise and rise again! I hope the floor is going to stay high as usual. I do hope that the transaction fees lower so we could really take advantage of this price or something.

Voted that it will go higher!

I'm not sure why they made such an analysis - but in their hearts they probably expected the price to rise to the moon. It's hard to guess where it will actually go once $50K is hit - personally I expect $55K higher to be reached before the halving although there will be some minor corrections.

Well - finally $50K is a reality again after last being touched in late December 2021.

It's expected that there will be a price correction when the price surges.
But I have a strong feeling that the Bitcoin price will continue to grow like it reaches $55k and then slightly have a correction.

Most replies on the first page were right, long-term holding is the best idea at all.
Remember that halving isn't yet to come and we always anticipate a good result after on it.  Either what's the reason Bitcoin pumping up but IMO, it's a sign that there will be a new ATH will come, it's almost there.

Let's see what will happen next.

Bitcoin is $50,000 which is really exciting moment. Bitcoin is moving at its own pace and will continue to move at its own pace I don't see any ETF approvals affecting the price of Bitcoin at this point. I think bitcoin will go higher from here but maybe $57,000 and then lower. But since Bitcoin is 50 thousand dollars every investor is in profit at the moment.  But those who hesitated to invest but could not invest today started feeling very bad. That is why it is always better to use DCA method for investing. Those who could not invest today but are in a good position to invest, if they had used the DCA method, would still be in a good position today.

Would the price be at $50k if the halvening was 1 year away from now? Or 2 years?

When there's a halvening-induced bull cycle, people tend to attribute the price to everything but the halvening to make it feel more natural. Institutuional investemtns, billionaires buying, legal tender status, huge predictions from influential people, baseless rumours - everything is proposed as an explanation for the price growth, and yet when the same events happen in a bear market, they don't move the price even by 1%.

Bitcoin hit $50 which has every Bitcoin investor and myself in a lot of excitement. I am currently in a lot of profit as the market goes to $50 by investing in Bitcoin. It is certain that the market will grow further but there is no reason to worry that it may be partially down. I plan to hold my bitcoin for a long time until the new ATH of bitcoin is created. Many may be anxious to sell bitcoins seeing this bitcoin market growth but I will try to keep calm for now as I know bitcoin is on target to reach its new ATH very soon.

Hey bro!
I was actually surprised to see that as well was like is this real or what, The last time i check bitcoin price was around $45k and today I have to check and I noticed that it was already $50k plus before the much selling pressure trying to hold it within that price. I believe the selling pressure is much more of buying pressure meaning it might be around $49k to $50k for the next 24hrs or more, but with the strength bitcoin is pulling I doubt if 24hrs is not too small for it to achieve $53k.

It's not $50,000 to bull run because $50,000 is part of the bull run already. I think we are already at the early stage of the bull run, not the beginning. Just 3 weeks ago, the price was just around $38,000. A week ago, the price has already climbed to $42,000. And then here we are now hitting $50,000. This doesn't look like a sudden spike due to somebody or a company doing a lump sum one-time purchase. I think this is going to be like this for a relatively longer period until an ATH is reached. Small corrections are of course natural every now and then while going there.

These discussions are always repeated, as traders believe that the upward trend will continue once the previous resistance level is broken. Once $38,000 was broken, speculation moved to $42,000, then $47,000, and now I see some people talking about $60,000, but the price needs some correction. The price started moving away from the 50-day Simple Moving Average (SMA) at $43,351. We still have strong resistance levels at $52,000 and $55,000

https://talkimg.com/images/2024/02/13/v8FU9.png

The correction is coming, but the fact that we touched $50,000 indicates the strength of financial flows for ETFs and institutional money.

I do not call this $50k was an expected one. Because, I was expecting a reverse before touching $50k levels through profit booking by both short and long term holders but surprisingly we are able to hold above $50k levels as of now. It seems now we may test $54k levels before seeing any short term corrections. But, we cannot be sure how market is going to be in ETF era. Because, we have all-new demand in bitcoin ecosystem which may help bitcoin to sustain in higher levels unusually.

Halving could be another reason along with increased number of bitcoin investors. Usually around the times of halving, bitcoin does trade up to the levels oh half of previous ATH but seems like we are going to new kind of market by upcoming halving. I am really excited to have bitcoin market near to ATH by the times of halving.

Frankly, I didn't expect the $50k this soon. I was speculating it would be in March or even April before halving date. Despite the crash from $47k+ after the ETF news, I wasn't moved a bit that Bitcoin would relapse into a dump. I saw that as a correction and an opportunity to redistribute Bitcoin. Those who didn't buy before the ETF had a great entry opportunity. Those who didn't also buy after the retracement will also have another opportunity again as I expect price correction from this $50k. Surely, there will be. I wouldn't rush to buy on FOMO now if I were an investor. Wait a while for price to dip a bit. Bitcoin is on an upward trajectory. Whether the ETF happened or not, Bitcoin would still have been on an upward move. It's the circle. Halving pushes Bitcoin price every circle. Newbies should take note of that. It relates with the basic law of demand and supply.

I remember back in 2021 when we broke $50K. I assumed it would be the top and sold a few bitcoins prior to that. However we broke thru it like butter and then I assumed we would get resistance at the $75K area or the $100K CAD or AUD area which is where those weaker currencies have their $100K psychological number, which is around $75K USD.

However we topped at $69K and would of never guessed we would of stopped there. Most likely nobody did. Every one was saying $100K was on the books and now we got people saying we will go to $250K or a $1M.

I think, this is the time to remain focus in the market on the time and not to be distracted by the $50,000 that hit the market few hours ago, because what is coming before the end of this year will be very massive to holders and it will cause a lot of Bitcoin investors huge amount of reward. Now that the price of Bitcoin increased to $50,000, which many investors has started releasing their bitcoins to the market to achieve different incomes but I still have that faith that the price will still increase above what we are seeing in the second week of February. If you can exercise patience in your holding before the end of this month, you will see another side of the market that will make you to believe that this year is full of bullish market.

After two long years, Bitcoin crossed the $50,000 mark again. This is the highest pick since the new bitcoin halving. Those who invested in Bitcoin and planned to hold for the long term have won this time i.e. "HODL is GOLD" in their case. The Bitcoin market is so uncertain that it can go through any situation or environment at any time. Buying Bitcoin before the next halving will definitely be better, so it would be wiser to plan for a long-term holding.

As a crypto lover, I really welcome the current increase in BTC and it has reached 50K, but I am still not too optimistic about whether the price will continue to rise and it is even possible that there will be a correction again after the recent increase. It's still fresh in our memories when the Bitcoin Spot ETF was accepted, the BTC price immediately went up high after just a few days and immediately dropped again.

ETF or not, we would really be going in these numbers, its actually inevitable but of course ETF did really contribute on the said sentiment or condition but there's no assurance if it was really the main reason
and as we all know and been wary that we do have that kind of upcoming event which is halving season. I do always have those kind of assumptions that the market will really make out some bump
before it would really be making up some correction later on. Well, its really good to see for Bitcoin to be back on 50k price point on which we know that it was 2 years ago since this price had been sighted.
I wont be shocked if we would be able to hit up 60K or making some new all time high but well im expected for some nasty dump.

For those who do able to secure on buying back into those dips then it wont really be that bad on securing their profits now and for those who are skeptical on buying
then i would really be making some entry when the market do make out some corrections or decrease on which this is always been that normal stuff.

I told him to stop, but he still kept trying to fight to get up again. :)
From $50,081.30, it again increased by more than 4% within 24 hours.
This rate is expected to continue to increase until the end of February which is full of love.

Perhaps the increase in price which has reached $50,200 in the second week of February is the answer for those who are pessimistic about several events such as ETFs and the approach of the Bitcoin halving.
Very happy to wait for the most historic moment because I have never experienced it directly like ATH before.
Hopefully my new ATH can take part in it.

Downwards movements? That is not even an option anymore. But it had done the needed correction already, and for this, it should be buying for more than a year from now. The breach again of $40,243 and the stability above the level made me know that the market was rebounding, and also the breach again of $43,606 and holding above it was another indication that it is bullish. The two levels were and remain the determinants, and holding above them means a sure positive trend for Bitcoin.

As it is, I believe that Bitcoin could only make a correction, and this can't be a long one because the short and long-term trends are now bullish. If the asset will move lower at all, I do not see it moving beyond $45,000-$46,000 for now, which makes it a bullish market, and we should try to enjoy it while it lasts. The stability above $50,000 is also important at this point in time, and if that level is able to hold and more daily close are seen above it, then we can expect to see Bitcoin hitting the all-time high of about $69,000 sooner than people think.

It is true that the price needs some corrections, but before the correction, it might move to 55k, such that it will correct back to 52k region. The market is still showing signs of bullish, which shows that there will be another upwards movement. I am saying this based on the result of the poll and statement of the people. But then no one can be too sure of the market, anything unpredictable can happen but then we are still confident because it is BTC.

The incident of price increase on the goodnews of ETF approval and later crashed was because people who were holding before the ETF approval decided to sell and have another opportunity to enter the market for the sake of the upcoming bull run.

F*ck, yeah! Bitcoin once again set the heat for haters everyone. $50,000 looks like an important (passed) psychological barrier, followed by $100,000. But I predict (without having a magic crystal ball) that the movement to new heights will not be linear and the cryptomarket will probably go down for some time, and maybe several times.

Congratulations to everyone who waited for $50k milestone and this can only mean one thing - we are on the threshold of a new cycle. The bulls are already tearing up in the stalls!

Yes finally Bitcoins crossed 50k usd. This indicates that definitely we are in a bull run and the price will go up very soon very high. We just need to keep the demand to accumulate the coins high and the price will go up definitely.
Many are expecting that the price will go up to 100k USD. Hence we just need to show trust in the coin and show patience while holding. Definitely we will make the profit.

We cannot take out some possibilities that there will be a correction to happen since usually this will happen after bitcoin get a good pump. But we don't know how far the correction goes but I believe it will not take below $40k down since we are in bullish situation now where everything is starting to get a hype so provably if that one happen for sure there's also a major comeback will happen and another milestone will be reach.

For now lets enjoy what we see on the market and celebrate bitcoin for reaching at $50k level since it somehow means that there are more and we can possibly see a new ATH to be break this year.

If there's stability of price will happen I guess we would see it at $45k-$50k and after that once bitcoin halving nearly approaching then there's high chance that we an see more bigger pumps.

I think everyone supports it (except for those who did not have time to buy before the price rose). The expected correction has already begun and the price is already 49k, but this does not greatly affect the general mood of traders. What is more important is that the price of 50k was successfully tested and there was an understanding that this is possible this season and this is a good result before the halving. If the same positive dynamics continue, the price may be even higher, which will be very beneficial for those who did not sell during the price correction.

I very much doubt that the price will go above $60,000 before halving. Normally before halvings and after a bear market there is a rise but nowhere near the previous ath, which seems to be what is happening. From after the halving onwards we can have more illusions about the break of ath and how far the price can go in the cycle. Until then I expect ups and downs.

I am also optimistic with this scenario, perhaps February is still a bullish launch picture, the 50k threshold has been reached and the next could be 55k-60k, but its sustainability comes before the April halving I suspect there will be a correction in March. Then repeat the bullish sideway scenario and increase the price. I think the macro bullrun will only start when bitcoin surpasses its allh at $69k. Who knew it would be the end of this year?

Very true and very relevant as you mean above where the price will increase as demand increases and so will the value of BTC flows and at least BTC has proven its performance after the last drop to the world and hopefully reach 100K by the end of this year too.

well we did drop back pretty hard 50.4k is now only 48.6k

We are kind of bullish.   But real bull would be 85k after the ½ ing.

Lagos not be highly excited because of the increment on Bitcoin in reaching fifty thousand [50k] because there is every tendency that the price of Bitcoin might be retrace to another point so it is an advantages to who so ever that is intention investment and also for people who invested when the price was low so there are the people that is in benefit right now.

It is obvious that you may get tomorrow and the price of Bitcoin reduce to thirty thousand [30k] within some space of time because in cryptocurrency network it is obvious that they prices always fluctuates celebrating the price of Bitcoin reaching to this point I think is somehow not worth it because the current price of Bitcoin has never been strong as usual

The lowest price in the last hour was $48,300, but of course that was a bit of a disappointment. Panic is inevitable, perhaps because there are still many people who think that getting returns today is much better than holding longer.

I agree with you, price will go higher after halving. If bitcoin reaches a price of $55k before the halving, then it is very likely that the price will not be able to survive for long without major selling pressure. Recovery efforts are underway, but will likely fail due to high selling pressure.

It's been 2 years since we've seen that price and again it has been followed up by a dump and that's normal. $48k then $49k, and for sure that is going to be back to $50k lines and more again. Those analyses that they've made, I think they're normal and they've got their own basis base on how they read the market. If it's not for these moves and some news that had been caused of it or the actuality of the effect of the ETF, we're not going to see it quite early this time. But then, we still have ample time before the halving and what's next for its main effect that might be seen after several months.

Bitcoin has just been amazing this days with its recent market performance, attaining the $50,000 is what we never expected to come this fast, the market has been more volatile and then for the benefits of those that hodl, they are going to make the very nice beginning to the entry to their own season of bullrun after the halving, so i will rather say that this is just a little taste of the bite on how the bullrun is going to look like when we are all into it fully, so if you're not holding, i don't know what you're still waiting for.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

It has changed from $50k to $60k this morning, you can revisit the market to know that the price has changed and, it will be profitable if you can take a good step now to start releasing your BTC to the market, because the market look like what will still dump before the real bull will start fully.

 I know that many hodlers are waiting for $70k, but it will not happen in this month but it will surely occur next month for hodlers to increase their profits that will allow them to invest when the price dump again.

Unexpected price increase. It's worth it for me to say who told Bitcoin to rise to $9,000, almost $10,000 if calculated from $55,000 or $56,000 in a matter of hours, even famous people who often appear on international television shows like Jim Cramer couldn't stop it.
ATH is just around the corner. Congratulations to the holders.
It is hoped that an exciting February can apply to the same atmosphere in March.

Well, you know how it goes in crypto - it's always a wild ride! I'll admit, when everyone starts freaking out about the latest peak or predicting we'll hit the moon, sometimes it feels like folks forget about that whole buy the dip thing.  Sure the drops can be scary, but hey, maybe theyre just chances to get better prices, right? 

Anyway as for Bitcoin hitting 100k - who's to say? Could happen faster than any of us expect, or it might take some time.  Just need to try and enjoy the journey, and not get too hypnotized by the hype trains.

Looks like the poll should be stopped because it is biased answer or votes that we can gather knowing that bitcoin have already crossed 61k and still getting higher each time now.

I did not cast my vote because of unfair result but what I wanted to say is that I am positive that Bitcoin will continue crossing 65k anytime sooner.

The next halving is soon to come if we continue this growth then we are breaking another record of gaining while before halve?

Have just tasted the fruit now mate as I have taken my profit for months of holding(actually just sold small amount of my total holding now) so I have something to spend for this celebration , did not expect that bitcoin will rose up to 60k this early ,i thought we will be enough for 50k and now here we are having the best days after 2023 bad year.

For months holding it is still the standard because many people choose to stay like that so they should be grateful for the price increase which in some countries has felt like an ATH in Bitcoin prices with each country's currency exchange rate.
Even though there is still some that you hold, hold on to it until the Bitcoin price passes the previous ATH which occurred about 2 years ago.
This post is short, but I think it is very meaningful.

If price backs off to the 50k prices by tonight close I win a small bet.  That would match volatility true with hyped bubbling prices, very prone to boil over and spoil some.  Not that this has to be any top Im stating the very obvious its unstable when its gaining this much so fast.

We have lost the 12hr average, just in my experience thats the balance for a days positivity in trading and some people will be selling at that point not trying to fight the fall or unable due to leverage etc.   The price action right now has pulled back to a 2 day average roughly which is still very high.    Lets see how it reacts to 60k, the target downside I have is a fibonnaci level at 58k and that I would expect to provide some relief and positivity, possibly turn us around in any fall.  Its all fair game, fast up maybe fast down is always possible.

Basically, the big increase at the end of February was anticipated by many people. It's just that some of us are not very optimistic about the $60k to $64k touched yesterday. Now many people seem optimistic when they know that the $69k figure is getting closer and this looks very real if this positive trend persists until mid-March.

Of course, this is a happy end of February for all holders, as well as for day traders who have been raking in the fast during the bull run. For now $64k is resistance that will hold for some time from now, but if $64k is broken then we will get a new ATH this year.

The Bitcoin market has shown a clear sign of a positive outlook and not stopping anytime soon because even when the price tried to break below $60k severally it has rebound back amd it price is targeting 70k already and if this continues, we may see a non stop uprising market up until before bitcoin halves, although what we are seeing right now is as a result of bitcoin ETF where they're been alot of buy other much more that sell and the traders are in most bullish spirit because no one want to sell below the current price before the halves and if the price continued to sustain the current level it may keep at this and not going below even if it doesn't break the record ATH.

Bitcoin price touched $64k on February 29, 2024. The price of Bitcoin is increasing so much that investors are currently buying massive amounts of Bitcoin. In just one month, the price of Bitcoin has increased by the most, setting a new record for two years. Bitcoin price peaked at $69,000 in 2021. And 2022 surpasses 2023 and in 2024 Bitcoin price touches the highest price of 64k. A bull market awaits for Bitcoin in 2025 and will set new records again.

The way Bitcoin is currently in an uptrend in the market was unexpected by many traders, as a result of which many are now expecting more uptrends. The way bitcoin recovered from the dump after the ETF approval and started a massive bull run, so that now when bitcoin goes to $100k it will be surprisingly before normal traders realize anything. Bitcoin is now in a range where Bitcoin can go in any direction from here.

However, the way ETFs are buying Bitcoin so that the huge demand for Bitcoin in the market has increased more than the supply, so the uptrend of Bitcoin can be expected, but a correction is also expected because such a large uptrend has been without any kind of correction.

You mean they already know that at the end of February there will be a big increase. If true, they are very good at reading opportunities. I don't think everyone has the view to anticipate that there will be a big increase at the end of February except for a few or a small number who still think about the possibility.

Being able to stay at $60k in March before the halving is already very great in my opinion for the market. After the halving there was another high rise, which I think most investors were expecting.
The price increase that occurred at the end of February was perhaps beyond many people's predictions, so some of them were not ready, so by maintaining the price of $60k in March, they can prepare themselves to welcome the price that will pass the previous ATH, even though market price rises and falls, there is no such thing as announcement.

Yeah, that bounce back was kind of nuts after the ETF thing.  I don't think anyone saw that major recovery coming so fast.  Now folks are absolutely freaking trying desperately to grab the next wave up before we blast past 100k and they miss their chance. 

But check this - this insane climb has been mad vertical without any real chance to catch our breath. and  Sure, all these ETFs buying in creates a ton of demand, pushing the price up.  Still, when you spike too quick like this you know a correction ain't far behind.

Now nobody wants to miss the next $100k target, thereby increasing the buying pressure in the crypto market. When Bitcoin reached 64k a few days ago, there was so much traffic coinbase crashed due to heavy traffic., and because of coinbase crash, Bitcoin also made a correction very quickly and is now at 62k level. This means that there is still a lot of potential in the market to achieve a new ATH quickly as demand increases, with big players entering the market that will push Bitcoin far ahead. I hope to see Bitcoin reach that $100k target soon, everyone's dream come true.

Flag on the daily bars now which is bullish, apprehension would be fair if we trade below 61111 and fail to recover that level.   A break of the flag to the downside would open up negative perspective but until that point stay bullish is fair game at this point in time.    BTC remains bullish on multiple time frames which means betting against it is still the most painful course in the majority of cases, we can definitely pullback but when its been so positive its best not to stand in the way and risk getting trampled.
 
I was still thinking of 58k as possible but its failed to push back that far, yesterday came to 60k nearly but not quite and its only registered a higher low or step higher in retrospect.  We have to take the BTC price action as positive and continuing to act in that way till proven otherwise.

yes I can see the impact of the ETF approval, even now BTC price is at $62k. ETFs are approved and the halving is getting closer making the positive trend even stronger. I think for now there is little chance of a correction because this positive trend will continue until the halving.

We have seen the Bitcoin market grow rapidly overnight, and its value will reach a peak of $64,000 in 2024. Although the market has changed a lot since the beginning of the year, we can expect Bitcoin to rise even higher in the coming days. Bitcoin price is still fluctuating between $62k dollars according to the current market and will pump more soon. And I think the market will be more bullish next month because the bitcoin halving is very close, which is why the bitcoin market has become so much like a bull run. And next month of course I think Bitcoin price will go higher and touch $70,000.

Almost touched $64K, but it couldn't materialize. Instead it fell to $61K, and it looks like the movement will continue in that price range.
If this happens, it can reach $64K, then it is possible that the ATH in 2021 will be surpassed because the current trend in Bitcoin is clearly eager to continue to increase. I think the increase will be very sharp and will be possible later after the halving period has passed. This alone before the halving period is already a surprise.
But you have to keep in mind that usually after the start of the halving period there will be a correction first. Will that actually happen? Or is it actually continuing to increase!!! Everyone will, of course, take advantage of something like this, but those who have already invested, of cours

In my opinion, the potential for bitcoin price increases will continue, especially since the bitcoin price is currently trading in the $62k-$63k range. It seems unlikely that bitcoin price will drop below $50k at least before the halving occurs. Because I believe the potential increase in bitcoin prices this year will at least reach $80k which is the new ATH level. Therefore, HOLD will always win.

It is very possible for BTC to reach $80k and I think that is reasonable for now, but if demand continues to come from both individuals and institutions in particular, then the price pressure will increase accordingly, but the worry is the birth. the issue of negative sentiment amidst enthusiasm will make investors think again.

What is certain is that as an investor, anyone must really understand which part we will take so that in the future we get maximum returns and minimal risks. Holding on to BTC might be very appropriate and it is common knowledge, in my opinion, it's just that our ability to survive is always a mystery because human nature can change at any time, this is what makes our investments always fluctuate and inconsistent.

The momentum is definitely there for higher prices including $80k and based on previous movements over the past decade we know that whenever major resistances SPECIALLY previous ATH prices are broken (ie. $70k) the momentum grows even bigger in a short time after.

For example in the previous full cycle (ie. 2017) the previous ATH of that time used to be $1200 ish, when it was broken on March 2017, there was a panic sell that didn't last that long. In less than 2 months price had gone up 100% to $2400 (early May).

We are in March 2024 now! If we see the previous ATH broken at $70k and the same pattern repeats price should be $140k by May ;)

I think that is the ETF that makes this market flowing this high .

now that bitcoin almost broken ATH(because it falls before it take the price) I believe that we will be seeing 70k finally in the next coming days as there are a small correction just happening now.

that is short term holding mate and i believe 4 months is not that enough when we are calling for long term HOLDING .
there are many of us here that have HODL for year or more and this is the reason why I am selling to taste the fruit of my holding.
but of course I leave big percent of my funds inside my holding.

Holders who hold for more than one year are different from holders who hold for only a few months. This means that the results will not be the same as those obtained. The difference lies in the purchase price and when they sell some of the Bitcoin they have, the profits they get are also different even if the holder who holds it for a short time buys a large amount at once.

Good. That's not bad if you still leave some as savings to enjoy it when the Bitcoin price reaches higher than the previous ATH price.
It would be bad if you choose the wrong storage.

So close and yet so far.
I just had a peak on coinmarket cap, the highest we've been in the last 24h is $68,770, that's only $16 away from breaking the 2021 ATH. We dropped 3.5% from there, but I'm not losing hopes just yet, the volume is still there so it's still very possible that we'll break it in the next 24 or 48 hours.
I wonder what the price action will be until the halving and past that. We'll we see a correction or will we keep going up? Due to the whole ETF thing, we've already departed from the cyclical movement and now we're in an uncharted territory.

Looking at recent market performance, it does not rule out the possibility that the price of Bitcoin will reach above $80k, especially now that the price of bitcoin has reached above $67k, which is already past the previous ATH record. And regarding the issue of negative sentiment, it is something that often happens and usually experienced investors are not too affected by negative issues because perhaps it is one of the strategies of FUD.

I have thought that there are many ways to operate, for some they have to get the idea that it will not happen, but I am sure that the price of bitcoin will exceed the current price, because what is done most is to have the conviction that bitcoin does not It is like any other altcoin, which rises once and not another time, so seeing that these things can be possible, why refuse to be so? This is one of the things that sometimes we don't see.

I have been in the market for a long time Seeing how it works, many say that in 2025 the price will rise more, so these are only warnings so that you can say : "Buy Bitcoin" but the majority of people react is when bitcoin is rising. So if you are looking for the money to buy 1 bitcoin, because you don't want to miss the move , and it is too late to do the reverse search, which will cost you less than 80 thousand dollars, but you have to be cautious and buy now everything that is available. can, so that the Profits are greater.

Well I think the market just took a wild twist again as the price has dropped drastically to almost 58k and that's just how volatile Bitcoin and crypto is. The worse thing About these significant drop is that it's causes alot of fear among investor who taught that were gathering the moral to start buying because the drop in price will scare them to sell off immediately but if am to get something right this drop is good because it's not yet the halving and it was definitely expected for Bitcoin to drop back again untill we finally see the massive bull take off.

I don't think we went as low as $58k today, at least not yet.
According to coingecko, the lowest today was $60.8k, but the data could be different depending on the source and methodology.
Anyhow, this topic is a great example of how weird and unstable investors' emotions can get. OP has started it less than a month ago and everyone was happy and excited that we crossed the $50k mark, and now, when bitcoin is over $60k - a lot of people get sad and miserable.

I was actually shocked when I saw this post it got me pissed off seriously I never in any way expects something like this to happen but it's well because that is the business for you either you gain or loss a little or you might has a huge loss with little profit but in Which ever way let's learn to control our emotions.....

Here is market bitcoin is actually a coin that is placed in a market place for sell and buy so something like that is likely to happen and that doesn't mean that it has totally lost all its value......

Please let's be guided because I know bitcoin never got down till 50k never did it happened today let's be careful with our fake news /update though


Thanks 🙏👍

The ETF approval is really turning the price of Bitcoin positively in this season, because many thought that the price will not reach $50,000 in this year but you can see that the price of Bitcoin has increased higher above $63,000 for those that are ready to sell will use the opportunity wisely to achieve income. Since the bullish season started on time in this year, I think halving is no longer far from investors and it will be profitable if investors can prepare for the season to appear soon. I can still remember that investors witness $69,000 last two years before the market turned to bearish season, I think, the price will reach $80,000 before the market will begin to turn to bullish season.

You are slightly wrong.When the Bitcoin price reached $48,000 after the approval of the Bitcoin ETF many speculated that the price of Bitcoin might touch an all-time high. But from there to everyone's disappointment Bitcoin started to fall again but from there, Bitcoin surprised everyone and increased a lot especially from February 2024.Yesterday we saw the price of Bitcoin hit a high of $69,000 which may have been the highest price Bitcoin has ever seen.

In bullish season maybe we can predict bitcoin price will be above 100k dollar. Investors who patiently invested in Bitcoin during the bearish season are having a successful day and may be more successful during the bullish season.

If you look at recent market performance, it seems that predicting the price of Bitcoin will reach $100k is very possible. Moreover, the price of bitcoin is currently trading in the range of $72k-$73k. Investors who bought during the bearish season are now very happy because they have been able to get huge profits from the results of their efforts so far.

The title need to edit now and make it Hey its $73k now lol .

Now its proven that this is about the approval of ETF that is taking place in the market behavior , changing its way from what we had in the past years , as now even before halving the price broke ATH .

I remember voting Yes when you created this thread and now it is indeed winning the poll .

I don't think anyone really expected that those ETFs would get so popular that fast. Of course, there were some people expecting "god candles" straight after SEC's announcement, but most level-headed investors didn't expect any fireworks. Personally I thought that there will be a lot of demand for such ETFs but expected that to grow slowly over a longer period of time. This is indeed a game changer for Bitcoin and the question is how will the price behave from now, especially post-halving. I think the expected cyclical price movement will get distorted.

Bitcoin has surprised the whole market this time. Everyone, including myself, was expecting the price to drop back to the $40k region after it went above $50k before the halving was pretty far at that moment, some people were optimistic and hoping that it might go around the previous all-time high even before the halving but since that doesn't usually happen, we were expecting the opposite.
Despite all that, look at where it stands today, at a new all-time high that keeps getting higher each passing day and we are still about a month away from the halving event, I wonder what will be the highest price of Bitcoin by the time the halving occurs.

Of course, currently all investors have earned returns even if they bought at the previous ATH price in 2021. The price has surpassed the ATH and is trading at $73k today, so of course all investors are happy about it. $100k becomes a very attainable hope during the upcoming bullish period, especially after the halving.

There are high hopes to see an ATH higher than $100k after the halving and I am sure it will happen. High demand and increasing FOMO will make the price of bitcoin even more expensive, as will its volatility. I hope you have set a target for when to take profit from your investment, it is a must.

The ETF was approved and the halving caused the price of bitcoin to rise drastically as it is today.
when the price of bitcoin hits $50k I am sure that this positive trend will continue. and it turns out to be true, even now bitcoin has reached a new ATH. calm down and hold because the halving will start soon and BTC will reach a much higher ATH.

Bitcoin is back at $63,000 dumping the market from ATH highs. It is very likely that Bitcoin may fall back to $50000. The Bitcoin market may not reach its peak again before the Bitcoin Halving.

It cannot be denied that the ETF effect has led Bitcoin to experience a very significant price increase until it reached a new ATH level, although after the Halving occurred, Bitcoin experienced a correction like now where Bitcoin experienced a decline after reaching a new ATH. But rest assured that this decline is only temporary, and I am optimistic that Bitcoin will bounce back to continue increasing until it prints a new ATH level again.

If I were you guys, I would leave ETF out of this, do you know why? This is because the effect of the ETF has been well-priced by the market, there is noting more to expect of it, at least for now. You can see the turn of events before the ETF approval. I expect that so much because the market often reacts better to some new events like that, especially if it is just a rumour and expectation with no sure decision/happening. This was why I never expected much immediately after the ETF approval, and truly, Bitcoin tried to buy but sold later for it. Afterwards, it moved down to about $11,000 lower, which is a good action for correction but afterwards again launched a massive bullish movement that saw it hitting the current ATH of about $73,850. After then, Bitcoin has slipped into silence ever since which I would like everyone to respect for now.

The talk now should be a post-halving effect as usual, even as the ETF progress has been so slow on its own, so why relating to it again? Going forward, though I am so sceptical about the future of Bitcoin, yet I know that it is still promising to move higher over time. If the post-halving effect is put into consideration, then I think that Bitcoin will rise even as it will protect the $50,000 psychological level no matter what happens now unless it slips back to another major phase of a bearish trend.

It's good to see this kind of old thread, it's not that old but still when we look at the current price, somewhat we see how time flies as we are not in the $67k after we have established new all time high.

Nevertheless, it's a long way to go, after $50k as the title of the OP, we might be looking next at $80k then $100k. We could achieved it this year though and then next year the final bull run that we are expecting and most likely $120k or higher target.

It is certain that the price of Bitcoin will cross $100K in the next Bullrun. Since the bitcoin price hit a record high without the halving taking place, the bitcoin ETF was approved. So there is a lot of good news this year and the bull market after the bitcoin halving so I think the price of bitcoin will definitely go up to $150k.

Can anyone accurately predict what Bitcoin will cost?How much will bitcoin cost? It is a simple question that is in the heart of all of us but it is impossible for everyone to know the correct answer to this question.

We have seen a lot of ups and downs in the Bitcoin market over the past few days, with Bitcoin prices rising and Bitcoin prices falling from there. A few days ago, the price of Bitcoin dropped to 57 thousand dollars and from there the price of Bitcoin increased to 66 thousand dollars. You say the bullrun season will start in the market on Bitcoin halving. It's been almost a month since the Bitcoin halving was completed and yet we haven't seen any upward trend in the market.

The way I'm seeing the price of Bitcoin running I think that the price for me increase to the extent that it will hit $80,000 before this year we end because the price of Bitcoin the speed is using to increase is unbelievable the many people think that after the price have reached 70,000 the price will continue to go down but right now it has dropped and also started to increase that is to show that the price of Bitcoin mighty rich $80,000 before the year