Will Bitcoin reach $50k by the end of 2021?

[MCobian]

If you look at the price of Bitcoin now that it has touched $ 46k, there is no need to wait for the end of the year to hit $ 50k. In the next few weeks
I believe Bitcoin can cross the $ 50k price tag. But that doesn't mean now is the right time to buy Bitcoin, because there is still a possibility that Bitcoin
will suddenly drop. So it's not safe to buy Bitcoin these days. If you want to buy Bitcoin at least wait for a minimal correction to a price below $ 40k.
But for those who have bought Bitcoin, I recommend sticking to HODL at least until Bitcoin hits a price of $ 50k.

[kotajikikox]

Bitcoin once again proves Its capacity to increase and increase this year because yesterday recorded another All Time High
Feb 09, 2021 (20 hours ago)$48,003.72   The Highest for this year and a proof how competent the investors inside Bitcoin. to show people that they must not hesitate supporting even the value fluctuate or increase.
I am looking forward that this month February will be the breaking of 50,000.

[bryant.coleman]

If you look at the price of Bitcoin now that it has touched $ 46k, there is no need to wait for the end of the year to hit $ 50k. In the next few weeks
I believe Bitcoin can cross the $ 50k price tag. But that doesn't mean now is the right time to buy Bitcoin, because there is still a possibility that Bitcoin
will suddenly drop. So it's not safe to buy Bitcoin these days. If you want to buy Bitcoin at least wait for a minimal correction to a price below $ 40k.
But for those who have bought Bitcoin, I recommend sticking to HODL at least until Bitcoin hits a price of $ 50k.

Bitcoin moves very fast, when it moves. Either it remains flat, or it moves by +/- 10% or more in a day. There is nothing in between. So if we are targeting $50,000 level, I assume that we'll reach there by the end of this quarter (Q1 2021) rather than the end of this year. And the immediate target should be $100,000 rather than $50,000, because we are so close to 50K (today the exchange rates hit 48K for a brief period).

[adamvp]

Bitcoin is the king, chart is the king!
As you could see we had few major growth indicator on chart: bull flag, bullish candles etc., and it resulted in price spike to new ATH! And I thought we will go straight over 50k, however, it seems to that we have unexpected difficulties now as bitcoin broke 46k usd  support...

[adamvp]

At least as for now what is price  doing gives a hope    .
Positive reaction for ~44k $US support.
Google trends chart:


This shows us that we still have a lot of space for increased interest of people. Previous top was just exactly in the week when bubble  burst (17-23 December 2017).
However price is so high now you should check very carefully what chart says, cause even price correction - about 30% will result in huge loss (!)

[Cherylstar86]

Maybe yes or maybe not, nobody could predict what's will be the outcome is in the coming days. What I am sure before 2021 ends, there's a possibility bitcoin price will saturate and main stream media with several negative news about bubble will come out stating bitcoin crash or whatsoever fuds news would start to deceive more people.
Always be prepared of any possible crash, because bitcoin nowadays was at the highest peak of its price.

[South Park]

For the first time ever, Bitcoin reached a new All-time-high (ATH) of $40k per coin. Those who held Bitcoin since 2017 (or before) would've made a lot of money by now. Unfortunately, prices have stalled as Bitcoin is stuck between the $30k - $32k range. It could be the cause of whales buying the dip to pump the price at a later time. Whatever the reason for the price drop, Bitcoin is still much more valuable than what it was a couple of years ago. If the pandemic continues to take the world by storm, we may continue to witness new ATHs in price.

All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?

It seems you were a little bit too short when it comes to your prediction, the price of bitcoin was very close to reach that level just a few days ago and it is just February and if this tendency continues I don't really see why we could not get prices that just a few years ago were considered to be just dreams, it is going to be very interesting to see what happens during the whole year because I have no doubt that thanks to the monetary policies of the US the price is going to keep growing.

[adamvp]

@South Park, I'd rather  tell about months, not years.
I know some people spoke about 100k for BTC last year, but you can always find such predictions from some hyper-optimistic people
For me to reach previous ATH at 20k USD seemed to be just a dream.
Only one worrying thing it is that bubble always bursts when noone excpect it...

[hahay]

I'm just wondering what kind of move the Bitcoin price will be in the second quarter, because if the price is still going strong above $40k or lower at least it's still around $30k, then I'm sure a hit of $50k is still a chance this year. Even his new ATH two days ago has already hit $48k and therefore, a further pump or a correction in the near future is possible. I personally believe in a situation like this the price can still go up at any time without predictable, so $50k is the next target in the near future or at least this year, making sell orders I think will be a good choice so as not to go through unexpected moments.

[arufox]

$50 around 10 months from now?? It's so easy for Bitcoin to reach this price, about a couple of days ago, Bitcoin almost breaks it but correction. Correction needed for more jumping. If you just ask can Bitcoin reach $50K, you should change your question that " Will Bitcoin reach $100K or $200K by the end of 2021??

[vintages]

$50 around 10 months from now?? It's so easy for Bitcoin to reach this price, about a couple of days ago, Bitcoin almost breaks it but correction. Correction needed for more jumping. If you just ask can Bitcoin reach $50K, you should change your question that " Will Bitcoin reach $100K or $200K by the end of 2021??

Prior to when he made the post, it was around 30k or there about. Now, thanks and no thanks to Elon Musk it has crossed the price of 40k.
It's not about it reaching 100k, but if the price of 50k will be till December 2021. There is likely to be a price dump this year middle though, possibly market correction.

[adamvp]

Let's make an upward channel in logarythmic scale on monthly chart, and then look at its mediana - it clearly showes we are located  by this range.
Channel mediana is now acting as resistance.
And looking historically there are only  3 possible scenario.
We break up this resistance this  month and will go to price  about twice as current.
We will keep in this range for few months and finish first scenario then
or we will fail to break resistance and will go back to bear market.

[senyorito123]

Let's make an upward channel in logarythmic scale on monthly chart, and then look at its mediana - it clearly showes we are located  by this range.
Channel mediana is now acting as resistance.
And looking historically there are only  3 possible scenario.
We break up this resistance this  month and will go to price  about twice as current.
We will keep in this range for few months and finish first scenario then
or we will fail to break resistance and will go back to bear market.

Bearish market is our best opportunity to grab the cheapest value for bitcoin and save for the next future pumps. That's proven how btc changes it's behavior due to emotions of each and every individuals, and I am waiting for another dips to initiate. But if some people think that it would decline the same with 2019-2019 price, well that's not possible because investors and holders increased already.

[adamvp]

but bearish market will last at least several months, and it will take years until we will have another bullrun (if any cause World can change so much in next few years!) ; so I hope we will not enter bearmarket anytime soon!

[ololajulo]

As at today we are just 3000 less than 50k which can be achieved over night in any of these days. Most prediction are shifting above 150k for parabolic price movement in the year and 300k doesnt look unbelievable with scarcity created by institutions and wealthy personnels around the world. Since the retail investors dont play many part in this market, bull market could likely extend in my opinion and the longer the higher the price.

[dishku]

I think 2021 will be a great year for crypto currency. If we think about the price of bitcoin then we are far from only $3k. At the end of this year, bitcoin may hit $100k and it is very possible.

Indeed that is really fantastic year in term of smart money inflow and mainstream attention. $50k within approach and this could at any moment with current bullish streak and  I have strong price will get exploded very soon to achieve huge milestone.

[Abiky]

Bitcoin moves very fast, when it moves. Either it remains flat, or it moves by +/- 10% or more in a day. There is nothing in between. So if we are targeting $50,000 level, I assume that we'll reach there by the end of this quarter (Q1 2021) rather than the end of this year. And the immediate target should be $100,000 rather than $50,000, because we are so close to 50K (today the exchange rates hit 48K for a brief period).

That's certainly true, mate. Bitcoin is moving at a fast pace as it becomes extremely popular in the mainstream world. Despite slight declines in price within certain periods of time, the bull market is nowhere near close to an end. If prices continue to rise, we might witness $50k per coin before the end of the year. After all, Bitcoin reached a new ATH of $48k today.

Nonetheless, we should hold on tight as the best is yet to come. As Elon Musk made his first move, I believe other companies will follow suit. There have been talks about Mastercard, Amazon, and Apple joining the game. If that happens, we could expect a major boost in Bitcoin's prices. It could turn out that the year will end up with Bitcoin being valued at over $100k per coin. Still, no one knows what Bitcoin's true price will be in the future. All we can do is wait until the right time comes to sell our holdings for profit. Just my thoughts

[Raflesia]

Bitcoin moves very fast, when it moves. Either it remains flat, or it moves by +/- 10% or more in a day. There is nothing in between. So if we are targeting $50,000 level, I assume that we'll reach there by the end of this quarter (Q1 2021) rather than the end of this year. And the immediate target should be $100,000 rather than $50,000, because we are so close to 50K (today the exchange rates hit 48K for a brief period).

That's certainly true, mate. Bitcoin is moving at a fast pace as it becomes extremely popular in the mainstream world. Despite slight declines in price within certain periods of time, the bull market is nowhere near close to an end. If prices continue to rise, we might witness $50k per coin before the end of the year. After all, Bitcoin reached a new ATH of $48k today.

Nonetheless, we should hold on tight as the best is yet to come. As Elon Musk made his first move, I believe other companies will follow suit. There have been talks about Mastercard, Amazon, and Apple joining the game. If that happens, we could expect a major boost in Bitcoin's prices. It could turn out that the year will end up with Bitcoin being valued at over $100k per coin. Still, no one knows what Bitcoin's true price will be in the future. All we can do is wait until the right time comes to sell our holdings for profit. Just my thoughts

Maybe this month we can also see a new ATH for $ 50k per coin if this increase is so fast then 2k is easy to pass so I think it will go through in the first quarter and become popular all over the world with a historic high peak in cryptocurrency, This is very far from bearish what many people say.

In fact, there is an important role that has entered the crypto industry so that it has resulted in such a sharp increase, with the Elon Musk company we know that important people can become a shield for the future if they are already involved in crypto.
Look at the next few years that other big companies will be playing in crypto.

[adamvp]

Watch  out for possible bearish  rsi divergence on daily chart - it could  lead to serious drop - between 5 to 10k usd down (!)
To avoid  divergence we should reach rsi over 93 in few days, so  to achieve this bitcoin should skyrocket (!)

[passwordnow]

I think 2021 will be a great year for crypto currency. If we think about the price of bitcoin then we are far from only $3k. At the end of this year, bitcoin may hit $100k and it is very possible.

Very likely. Those who are still waiting for the bearish turn should have been waiting for long and they have no choice but to get into it once the bear comes in and there's no longer bullish sign. But if you observe bitcoin for the past months and even today, there's no sign that we're entering into the bearish trend. It's just disturbing to see that there are still some people who keep saying that they'll wait $1k-$3k for bitcoin until they buy, good luck to them.