Bitcoin can hit $50k?

[LittleBitFunny]

4 times Bounce back from support 30K confirmed the market for upward movement, If you look at yesterdays candle then you can be seen 38K was the Big resistance for Bitcoin, Since Bitcoin has been able to break the resistance, This Breakout is essential and forced Bitcoin to move on towards 40K. Now daily MACD chart is confirmed the further upward movement and RSI seems strong so, 50K is reasonable.

[STT]

Current action Im observing on very short term but bullish action is what I'd expect to be repeated on the radar as it passes the ATH and goes for 50k.    If we see alteration in behavior then greater caution is required to see how its now operating at these rarefied heights we've reached, its surely more dangerous and requires watching carefully for anything erratic.




So my current take is we burst upwards above a 12hr average price trend, then fall back or revise prices back down to the two day average. Then repeat.  Both measures are bullish and obviously we are encapsulated within a larger positive move but ideally if it is moving upwards it would do so in a regular way such as this repeated action.

At this moment, on a weekend we revise prices back to the 2 day average.   Then its reasonable to observe how it proceeds from there, repeating would suggest we do challenge ATH and so 50k is more probable.   Failing to repeat, makes it more complicated to guess direction.

[plr]

Gradual increase in price is way better than sudden rise. From yesterday started to see some buying happening in bitcoin and now price is almost at 40k. So if it can continue to stay above 40k for a while then we might even see in coming time near 50k unless there is no negative news around the market for bitcoin. For now, good to see bitcoin back again near 40k.

I also prefer a gradual increase in price, a sudden increase can be considered as a price manipulation which is not good and will cause new players in the market to lose their investment, just like what happened in 2017, if the price is gradually increasing, we can figure out what causes the price increase and make the right decision to invest.

[TimeTeller]

Gradual increase in price is way better than sudden rise. From yesterday started to see some buying happening in bitcoin and now price is almost at 40k. So if it can continue to stay above 40k for a while then we might even see in coming time near 50k unless there is no negative news around the market for bitcoin. For now, good to see bitcoin back again near 40k.

I also prefer a gradual increase in price, a sudden increase can be considered as a price manipulation which is not good and will cause new players in the market to lose their investment, just like what happened in 2017, if the price is gradually increasing, we can figure out what causes the price increase and make the right decision to invest.

Gradual increase is more solid and stable.
$50k this year seems very plausible to happen, with how things are moving in the market.
We are only in the second month of this year, and we achieved again the 40k level.
Bitcoin is indeed doing great this year. So no doubt, $50k is not far from the horizon.

[gabbie2010]

Gradual increase in price is way better than sudden rise. From yesterday started to see some buying happening in bitcoin and now price is almost at 40k. So if it can continue to stay above 40k for a while then we might even see in coming time near 50k unless there is no negative news around the market for bitcoin. For now, good to see bitcoin back again near 40k.

I also prefer a gradual increase in price, a sudden increase can be considered as a price manipulation which is not good and will cause new players in the market to lose their investment, just like what happened in 2017, if the price is gradually increasing, we can figure out what causes the price increase and make the right decision to invest.

Gradual increase is more solid and stable.
$50k this year seems very plausible to happen, with how things are moving in the market.
We are only in the second month of this year, and we achieved again the 40k level.
Bitcoin is indeed doing great this year. So no doubt, $50k is not far from the horizon.

The price had reached  $44K already thus $50K is the next destination which the price will be reached soon, Tesla acquiring huge Bitcoin was likely responsible for the sudden surge in the price which is one of the institutional adoption I am very sure more are coming on board cumulative of all these  investment will surely triggers the price to reach $50K or even more before the end of this year.

[AliMan]

How do you think when the bitcoin price can hit $50k?

When I can see the ongoing trend nowadays, bitcoin has its very huge potential to go up high one of these days. We just need to sit back and relax while waiting for that great moments. Enjoy the previledges that cryptocurrency could give us in the future, and I hope everyone would soon harvest their gains particular on trading.
I knew it wasn't an easy task to do, and it needs patience and determination.

[btc_angela]

And now that Elon Musk has confirmed that he is on-board with bitcoin, investing a huge $1.5 billion in his company's reserved assets, no wonder that $50k will be hit this week because of this very positive news that comes along.

We already have a hit that Elon might be on the bitcoin bandwagon way back, but this just validates what we suspect all along. So thanks for Elon and other billionaires who see a bright future in bitcoin (of course they have to take profits in the future).

[ancafe]

And now that Elon Musk has confirmed that he is on-board with bitcoin, investing a huge $1.5 billion in his company's reserved assets, no wonder that $50k will be hit this week because of this very positive news that comes along.

We already have a hit that Elon might be on the bitcoin bandwagon way back, but this just validates what we suspect all along. So thanks for Elon and other billionaires who see a bright future in bitcoin (of course they have to take profits in the future).

Well, for this reason, I have come to believe that reaching the current price of $ 50k is possible. however, nowadays Elon Musk is really making the crypto world even brighter
because Elon Musk invested in bitcoin, bitcoin price is currently stable and strong in the range above $ 45k. however, it only takes $ 4k to hit the $ 50k price tag.

[MyCryptoDomains]

Just hit $ 48K. We're likely to see 50K today.

[decodx]

Just hit $ 48K. We're likely to see 50K today.

It's impossible to predict. But, yeah, I hope so, too.

[senyorito123]

How do you think when the bitcoin price can hit $50k?

Possible to happen in this middle of 2021, and that the most awaited part. I had a friend who also been following the trend of Bitcoin, he said and forsee the future this year that $100k would be the highest price capable to reach.
Me also think that it's impossible, but what I observed right now with btc progress? There's no limits on our dreams for the future of our asset.

[kawetsriyanto]

Sooner or later, the price of Bitcoin will go $50K-$100K. I don't speculate much on this, it really makes sense because the current price is already about $47,841 (CMC data). After Tesla made a surprise by buying 1.5 B in Bitcoins, the price of Bitcoin continues to increase significantly again. Now, I believe that in the near future, we are probably going to see the price of Bitcoin more than $50K. It is quite unpredictable for me, I never imagine if the price of Bitcoin can have the chance to pass $50K once I predicted the maximum price of Bitcoin in this bullish trend, last year. However, it may depend on what Elon Musk tweets later, which can trigger the pump-dump at Bitcoin price. It feels quite strange, how the Bitcoin trend to be like a Doge trend nowadays.

[Inspiron14]

How do you think when the bitcoin price can hit $50k?

Possible to happen in this middle of 2021, and that the most awaited part. I had a friend who also been following the trend of Bitcoin, he said and forsee the future this year that $100k would be the highest price capable to reach.
Me also think that it's impossible, but what I observed right now with btc progress? There's no limits on our dreams for the future of our asset.

Do not think it is impossible that the price of Bitcoin this year will be to $ 100 000, many analysis has said this year is bullish for cryptocurrencies, especially Bitcoin, this week when viewed from TA the price of bitcoin will try to touch $ 50k, and if the weekly candle closes above $ 50 k most likely we will see another bullish ride for bitcoin to try to hit $ 70k and the last one is $ 100k, make sure you have a good strategy, because there is no more resistance up there.

[Oasisman]

Sooner or later, the price of Bitcoin will go $50K-$100K. I don't speculate much on this, it really makes sense because the current price is already about $47,841 (CMC data). After Tesla made a surprise by buying 1.5 B in Bitcoins, the price of Bitcoin continues to increase significantly again. Now, I believe that in the near future, we are probably going to see the price of Bitcoin more than $50K.

Bitcoin should've reached $50,000 by now If some investors didn't dump their Btc when It made another ATH.
Bitcoin will eventually reach the 6 digit figure this year or next year or maybe on the next Bitcoin halving. Elon Musk's influence doesn't only affect the retail investors, but also with big companies, and big names, even governments have been gradually turning their attention with Bitcoin. So, I guess its safe to say Bitcoin is bound to breach strong resistances.

[FinneysTrueVision]

We are almost at $50k. The Tesla news has been really bullish and we saw a big rise since then. As we see more supply being taken off of centralized exchanges it is inevitable that the price will explode. If a big company like Tesla is holding Bitcoin, I expect that more companies will follow in their footsteps.

[francois-cooper]

only a matter of days... 
(hopefully)

[STT]

I think it has to meet 50k just to prove this point as resistance or not, the reason being is the target is fixated in peoples minds.



Trend is good, momentum is there and it can certainly come back to this point even if it needs to retest slightly lower near term.

[elisabetheva]

On February 16, 2021, Bitcoin created its ATH with $ 50,350, but not long after, today February 17, 2021 again created ATH with $ 51,615.
This is certainly an extraordinary development done by bitcoin, hopefully there will be no more corrections for the decline but it continues to increase.

hope that altcoins can also be a cheerleader when bitcoin increases, because so far it seems that altcoins are always too late to move, it's really sad that altcoins are left behind to be able to move up. many expect altcoins to move up because bounties are expected from altcoins.

ATH

[Mehedi72]

As we are already witness of bitcoin new ath landmark at around $52.5k which is really unbelievable but the hidden secret at this moment.i imagine bitcoin could grow so first. I expected $50k at end of Q1, 2021 and $100k, at end of this year but now seeing the public are keep increasing the demand of bitcoin and the bullish trend of bitcoin, i just think that it sn't impossible for bitcoin to corss the $100k with Q2 of 2021 even Q1 of this year.

[StreakW]

We should lock this thread and move to another Thread, Bitcoin passes $50K and will keep growing..
Maybe we must continue to this thread https://bitcointalk.org/index.php?topic=5317890.0 to continue the discussion.