Bitcoin going down $50k soon, what's next?

[Natalim]

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

Is it the reason?

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

[el kaka22]

I believe options may have gone out, but that happened during Tesla news and I was still shocked because I thought with the tesla deal we would see something much bigger and better in the price, I assumed it would be 65k+ easily after that news, the market didn't really opted for any of that. All of that six billion must have sold their money if it dropped that much, and some other people on top of that and some stop loss were hit on top of that, these type of big falls only means a lot of money were gone.

I do not think that we are at the start of a bear run, it needs to be going a lot better, but I do not know what I will be doing if price keeps going down. I need bitcoin to be at least 120k to buy something I always wanted to buy, if it doesn't reach that price that means I will have to keep on waiting more and more, maybe years before I can buy it.

[Dollar_Hunter]

If the Bitcoin price is traded below $ 50k I think that will have a very bad impact on bitcoin prices going forward,
because strong support has broken down, but if you look at the current analysis the bitcoin price is still stuck above $ 50k,
and I think this is a good signal to buy. bitcoin or altcoin at the bottom.

[peterpanda]

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

Is it the reason?

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

In my personal opinion, bitcoin goes down up to $30k within some days. After that bitcoin will be stating to pump again then there is a chance to hit $100k. So this is time to buy more bitcoin for getting higher profit.

[The Sceptical Chymist]

Eh, it's at $52k as I write this, which isn't bad.  You kind of have to expect that when bitcoin breaks through a new all-time high there's going to be some selling going on afterward, and I'm pretty sure that's what we're seeing.  This has happened before, and it'll happen again. 

But think about the mood of the bitcoin market overall--it's still very bullish as far as I can tell, so I think the price will get back to and beyond $60k in the not-too-distant future as buying starts to pick up again.  Now's definitely not the time to sell, so hopefully nobody's panicking because of this dip of a few thousand dollars.  It might seem extreme if you haven't been around for a while, but this is just how bitcoin acts from time to time.

[tokeweed]

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

Is it the reason?

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

What’s the strike prices of both the call side and the put side in those options?  And when do they expire?  I think you should read more about it.  Anything too high or too low would make those options worthless now.  I think the call side should be making some gains tho.

[batang_bitcoin]

That could be one reason why there's a sudden plummet that we see. What we only like is the going up soon but we're not ready when we see bitcoin go down fast.
$52k as I'm typing this and it's not a bad price to look at. 5% - 10% drop isn't not that bad at all. And currently that was a 7% drop that we're looking at and before it's time to recover, buy.

[BChydro]

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

It is impossible to predict how the market would be next month, the options might be a possible reason but the market was dominating for a long time and many lost millions in the options market and if that is the reason we are seeing a correction now then we need to wait and watch to see what the support would be as it all depends upon whether we will see further investment from institutions.

[Febo]

Bitcoin going down $50k soon, what's next?

Next it that will go down to $40k or will go up to $60k. There is nothing you can do abort it so you can just sit back and relax. With all the increased M2 emission of USD it is impossible that value of USD would not decrease very soon. You are on the safe side.

[adaseb]

I think many wanted to buy the dip at $50K and got front run again when the low hit $50.2K. There would of been tons and tons of liquidity if $50K broke but instead the whales bought the dip slightly above $50K

Similar situation when we were going to go to the previous ATH where everybody wanted to buy at $42K but we never actually touched this previous ATH instead came close and rocketed away. Basically whales front run everybody buy bids.

However I would wait until daily close before entering because we might still bounce and break the $50K in the next hour or two.

[philipma1957]

I think many wanted to buy the dip at $50K and got front run again when the low hit $50.2K. There would of been tons and tons of liquidity if $50K broke but instead the whales bought the dip slightly above $50K

Similar situation when we were going to go to the previous ATH where everybody wanted to buy at $42K but we never actually touched this previous ATH instead came close and rocketed away. Basically whales front run everybody buy bids.

However I would wait until daily close before entering because we might still bounce and break the $50K in the next hour or two.

nope I front ran the whales hours ago I got in at 51k
look here.


https://bitcointalk.org/index.php?topic=178336.msg56643372#msg56643372


most here do not have the courage to buy the dip.

most here do not understand that if you buy the dip you need buy 3x the first dip buy if dip continues.

So I grabbed at 51k at 1x but was ready for 48k at 1x and 42k at 1x  and 30k at 1x

[LUCKMCFLY]

When Bitcoin was rising, it was between $ 43k- $ 45k, in the long term it does not look bearish, in a fractal, as they do see in the article if it is bearish, but this may change, maybe they were waiting for this movement to buy cheaper.

The important thing is not to panic, these falls are normal, the corrections are part of the market, many times they are to make a pull back, the buying force at this time has decreased, to speak at this time or that a downward movement occurs is to anticipate to the facts.

The rise of the dollar may be gaining strength, some want to exchange their Btc for dollar, but it is better to stay alert to react to movements, and for this it is best to be in the market with a long-term position.

[STT]

Its recovering slightly, see if price can confirm above 54k this would mark something different and perhaps a diminishing trend of selling.   There is some attempt upwards right now on a mid day basis:



Price staying at 52k or higher for 4 hours or more could be taken positively also.   Wider time frame, the lows for today are the 50 day average price so a reset equal to prior price action in this year.

[Oasisman]

Probably Bitcoin is consilidating and there were a lot of reasons for the price to come down. What makes the price drop sure has something to do with people selling their bags.
I don't think it's coming down fast, Btc has been hovering around $52,000 to $54,000. If it happen to touch the $49,000 support, It might drop for as low as $45,000 but I think that's it, it'll recover and bounce back for sure. Nevertheless, the market are still bullish.

[Twinkledoe]

Its recovering slightly, see if price can confirm above 54k this would mark something different and perhaps a diminishing trend of selling.   There is some attempt upwards right now on a mid day basis:

-
Price staying at 52k or higher for 4 hours or more could be taken positively also.   Wider time frame, the lows for today are the 50 day average price so a reset equal to prior price action in this year.

Bitcoin is holding strong above 50k. I think, it will slowly go up again this week. If it will go down below 50k, only a matter of time before it goes up again. The support in the market is strong owed to these institutional investors and other good news like tesla finally accepting btc as payment method and not converting it to fiat. $50k level is still good considering that we only see this price level this year after more than a decade of btc existence. What more can you ask for?

[Hamphser]

Probably Bitcoin is consilidating and there were a lot of reasons for the price to come down. What makes the price drop sure has something to do with people selling their bags.
I don't think it's coming down fast, Btc has been hovering around $52,000 to $54,000. If it happen to touch the $49,000 support, It might drop for as low as $45,000 but I think that's it, it'll recover and bounce back for sure. Nevertheless, the market are still bullish.

When it comes to price decline then it will automatically be tied up with those selling off points or levels because this isnt called a market if we wouldnt have these kind of events.

People still get shocked into these particular events?  If ever the price would go down again on $50k then i would have always the feeling that panic selling would be next in line and it would
go deep further.

Im actually waiting for possible bottom price but i dont see any more push down below to 50k since the price is clinging up for recovery now.

[Natalim]

Eh, it's at $52k as I write this, which isn't bad.  You kind of have to expect that when bitcoin breaks through a new all-time high there's going to be some selling going on afterward, and I'm pretty sure that's what we're seeing.  This has happened before, and it'll happen again. 

But think about the mood of the bitcoin market overall--it's still very bullish as far as I can tell, so I think the price will get back to and beyond $60k in the not-too-distant future as buying starts to pick up again.  Now's definitely not the time to sell, so hopefully nobody's panicking because of this dip of a few thousand dollars.  It might seem extreme if you haven't been around for a while, but this is just how bitcoin acts from time to time.

I hope you are right, or maybe I hope you are wrong as either way I would be okay with the price movement.

Seeing a bullish or bearish, I always have a plan on what to do, but overall in the last few days of price movement, it has already convinced me that the ATH in this bull run was only $60k and we will go down from that, I'm not that confident though and it's okay if I'm wrong.

Im actually waiting for possible bottom price but i dont see any more push down below to 50k since the price is clinging up for recovery now.

That's not a recovery yet,.. I guess we will see it dip below $50k this week.

[Baofeng]

I'm watching the price now and it looks like bitcoin is going down so fast, what do you think would be the next price action if bitcoin will go down below $50k?

Is it the reason?

Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?

Yeah, I think that is the main reason of the decline recently. We also have this last January and I think we went down to 23%-26% if I'm not mistaken. But we did recover from that, reaches another ATH in the process. For now after the bitcoin future expirations, I would see the sideway pattern in the next days. But probably next week Monday we might see some semblance of recovery, so I would say that we are still going to $60k here. Price currently pegged at $52k.

[Wisbrown]

For now bitcoin price is not stable, so no one can give a perfect prediction, so for  this reason every one should know that cryptocurrency market is a game of luck but still on still we should expect another all time high any moment from now.

[chikading2016]

For now bitcoin price is not stable, so no one can give a perfect prediction, so for  this reason every one should know that cryptocurrency market is a game of luck but still on still we should expect another all time high any moment from now.

Well this is not only for this time, bitcoin price is always unstable it is a high on volatility and if you know how to deal with it you can earn profit, patience and controlling your emotion on dip can maybe help you secure your asset dip is a chance to full your bags so we need to be more calm and hold.