Bitcoin can hit $50k?

[Hippocrypto]

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

Most probably if trend goes increasing, nothing is impossible for bitcoin and what I foresee right now more people got interested with btc nowadays. Even the closest friend of my wife asked me lately about cryptocurrency, and now they're planning to invest their money with bitcoin. If price would hit that huge amount per btc, I guess that it might be a right decision to choose for everybody.

[KTChampions]

I think you are overly optimistic. If a deep correction begins now, then bitcoin will easily spend the next couple of years in the 20-30k corridor and there will be no chance of seeing 100k even theoretically. I think that we will find out in the next couple of months - most likely the growth will stop and we will find out what the high of this year is.

I think you are overly pessimistic.

Why would you think there might be a deep correction beginning now? We're still barely begun the bull run. Retail FOMO especially now is just starting.

I see this year as being a lot like 2013 when the bull run started in late 2012 and continued until early spring growing 25-fold to over 8x the previous ATH. Then after an 80% crash down to just under twice the previous ATH, it consolidated for several months and bubbled up again, this time 20-fold.

This bull run is different from all the preceding ones because it has been mostly based on institutional investment, not retail FOMO. Don't expect hardened institutional investors to panic sell. They don't have weak hands.

I agree with thecodebear in that I think it would be VERY surprising to not see prices over $100k this year.

I think it will probably go a lot higher than that.

I would not make a comparison with the past, since now the capitalization is completely different and there is no point in talking about a 25-fold growth (and the like).
As for institutional investors, it is in their interests to lower the price to 20 and maybe up to 10 thousand in order to collect bitcoins from weak hands 

[milkshock100]

I think you are overly optimistic. If a deep correction begins now, then bitcoin will easily spend the next couple of years in the 20-30k corridor and there will be no chance of seeing 100k even theoretically. I think that we will find out in the next couple of months - most likely the growth will stop and we will find out what the high of this year is.

I think you are overly pessimistic.

Why would you think there might be a deep correction beginning now? We're still barely begun the bull run. Retail FOMO especially now is just starting.

I see this year as being a lot like 2013 when the bull run started in late 2012 and continued until early spring growing 25-fold to over 8x the previous ATH. Then after an 80% crash down to just under twice the previous ATH, it consolidated for several months and bubbled up again, this time 20-fold.

This bull run is different from all the preceding ones because it has been mostly based on institutional investment, not retail FOMO. Don't expect hardened institutional investors to panic sell. They don't have weak hands.

I agree with thecodebear in that I think it would be VERY surprising to not see prices over $100k this year.

I think it will probably go a lot higher than that.

I would not make a comparison with the past, since now the capitalization is completely different and there is no point in talking about a 25-fold growth (and the like).
As for institutional investors, it is in their interests to lower the price to 20 and maybe up to 10 thousand in order to collect bitcoins from weak hands 

I think you are not differentiating between market manipulators/whales and institutional investors. The two have very different agendas and motivations. I really don’t see institutional investors as wanting to floor the price - quite the opposite.

[Wulan_maniez]

The crossing from $30k to $40k in recent days looks quick on the market. In fact we see the movement of bitcoin continues to
rise from March 2020 until  now. So in my  perspective to  reach $50k it’s  very possible  even for this  week.  We  never know.
But that’s bitcoin’s value is very volatile.

[blckhawk]

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

I honestly don't know when but we can hit $50k, pretty far though but we can still go on it if institutions wanted to, thereby, the decision is for institutions, whales and large companies to be made. Honestly, today's market was really scary especially if you don't know what are you doing because Bitcoin was really very high right now, $40k is insane actually but we don't know when the market will make a U-Turn. My suggestion is that you should know when to take a break or make an exit point because everything can be a mess if we became so greedy. $40k is not bad either. Anyway, it still up to you though just be careful and think wisely.

[Reid]

I admit I didn't really expect this to happen.
But it might just hit that number.
I'm still against $100k though. It is just way far. It's now struggling to hit highs with $1k amounts in just a day.

What I want to know is what the bottom will be. I guess we all have the same question since we want to find a way to buy for a cheaper price.

[aTriz]

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

I think 50k can hit within Q1 of 2021. it is January now and we already crossed $42k mark. so If you ask me my opinion. I would say we'll go to $50k in march or april.

It’s possible to hit that target and more but there’s always a danger in every price right now since most the investment company already set a good position and they are already in profit with the current price, They are just waiting for a good liquidity to liquidate there asset in synchronized to the trend.

are you saying that the companies are about to sell off their bitcoins and bitcoin price will/can drop anytime soon? if it happens then it would be a good opportunity for new comers to get into bitcoin.
I really wish bitcoin will drop again to $10k.

[LUCKMCFLY]

Already $ 100k is not a crazy figure, now everything is possible, the market is so unpredictable, that in the blink of an eye we will have a new and juicy high. I think even technical analysts have a hard time predicting a number.

[error08]

Bitcoin definitely has a higher chance to achieve that target this year but the question is; when will that happen?
Reaching $50k may not be as easy as hitting $40k in a few days since bitcoin surpassed $30k, bitcoin still hold its position above $40k after a brief dip to $37k may indicate a strong support level and the next attempt to break $45k in the next week.

[KTChampions]

I would not make a comparison with the past, since now the capitalization is completely different and there is no point in talking about a 25-fold growth (and the like).
As for institutional investors, it is in their interests to lower the price to 20 and maybe up to 10 thousand in order to collect bitcoins from weak hands 

I think you are not differentiating between market manipulators/whales and institutional investors. The two have very different agendas and motivations. I really don’t see institutional investors as wanting to floor the price - quite the opposite.

Perhaps I will surprise you, but institutional investors (if we are talking about large ones) are even more cynical than whales - they do not care about the asset price at all, for them only the market share matters. Therefore, it is somewhat naive to think that the institutional investor will worry about the price (and even in the short / medium term).

[newdevices]

$ 50k this year still has the potential to be achieved,
it's just that the new resistance that has been created at $ 41k has to be passed,
so we must monitor bitcoin prices closely, as a potential dump could also occur.

[samson]

$ 50k this year still has the potential to be achieved,
it's just that the new resistance that has been created at $ 41k has to be passed,
so we must monitor bitcoin prices closely, as a potential dump could also occur.

I'm going to be surprised if we don't see $50k this week, never mind this year.

We've had a correction already. It's on the up again.

[yohananaomi]

$ 50k this year still has the potential to be achieved,
it's just that the new resistance that has been created at $ 41k has to be passed,
so we must monitor bitcoin prices closely, as a potential dump could also occur.

all the possibilities could happen to bitcoin but if you look at the first and second halving, this is precisely the year bitcoin will come and the possibility of going up and over $ 50K can be easily achieved.

I'm going to be surprised if we don't see $50k this week, never mind this year.

We've had a correction already. It's on the up again.

yes, this is the year bitcoin will make fantastic moves that will be made so far, $ 50K will be easy to achieve and it will be more than the predictions, because the renewable ATH will be made again by bitcoin

[sayaya17]

The year 2021 is still long, if you look at the current price of bitcoin at $36,159, it will still provide an opportunity to reach $50k this year.
Moreover, bitcoin once was at $42k, and bitcoin  will reach  that price again.  The current  decline in bitcoin to reach  $32k  is  the  result
of people makes a profit. But bitcoin has raised its  price again to $36k. Hopefully bitcoin  will  continue  to $50k,  although it should first
decline before reaching the price of $50k.

[sana54210]

$ 50k this year still has the potential to be achieved,
it's just that the new resistance that has been created at $ 41k has to be passed,
so we must monitor bitcoin prices closely, as a potential dump could also occur.

I'm going to be surprised if we don't see $50k this week, never mind this year.

We've had a correction already. It's on the up again.

That's what I have said during the fall but there were plenty of people who were in panic mode like crazy and sold. No idea why people assume that ever single drop should mean a crash, there is really no crash at all and we shouldn't really focus on each crash constantly, at the end of the day we are doing not that bad at all, and recovered. Corrections are "about" 20% in reality, I do not think that each time will be exactly 20% because it could be a few points up or down, but that is what has happened almost each time it moved up and down again.

It meant obviously 40k to 32k this time around, however each increase was around 40% or so as well, which should mean about 15k increase from there, which is about 47k or so give or take too, I am not saying it will be 47k but I can guarantee you that 47k will be the price that we are aiming at right now, will we succeed or fail? I don't know.

[newdevices]

$ 40k alone is a much talked about and said dream can be achieved. moreover $ 50k which is only $ 10k difference from the new all time high,
I feel confident that Bitcoin has a huge potential of reaching $ 50k, because many speculators say that $ 50k might be the peak of this bitcoin bull.

[Saisher]

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

Most probably this year we are in a bull trend and things are looking good in the market and it only need a huge pump just like what happen back November when Bitcoin made a big 11% pump there will be a lot of pumps today as long as no new bad news coming like hacked on exchange.

[MCobian]

I believe Bitcoin could hit the price of $ 50,000 in 2021, especially now Bitcoin is experiencing a correction after successfully reaching an
all time high at a price of $ 41,900. Because every time Bitcoin will rise even higher it begins with a price correction first, I'm sure the Bitcoin
price will soon go up. We just need to be patient, and keep the Bitcoin that we have. If you have extra money you can buy more Bitcoin
at the current price, because now is the right time to buy Bitcoin.

[Question123]

Bitcoin drops more than 4000 dollars yesterday but I still believe to the bitcoin to reach the 50k dollars value this year. Bitcoin movement is very fast and it can rise that shorterm or even 1 week we can see this value. Short term investment is good right now to the bitcoin because I believe why it decreasing because it is preparing for big pump this month or next month of February.

[zanezane]

I believe Bitcoin could hit the price of $ 50,000 in 2021, especially now Bitcoin is experiencing a correction after successfully reaching an
all time high at a price of $ 41,900. Because every time Bitcoin will rise even higher it begins with a price correction first, I'm sure the Bitcoin
price will soon go up. We just need to be patient, and keep the Bitcoin that we have. If you have extra money you can buy more Bitcoin
at the current price, because now is the right time to buy Bitcoin.

If the current trend continues, I do think that it will go sooner than everyone could expect. You have to be careful about buying at the current price point though, this is the stage where it could go high and low any moment, and if it goes the either way, someone will definitely panic thinking this might be the highest point or this might be a landslide so be careful, if you easily panic when there is a down in prices do not devote all the money you have to buying bitcoin.