Bitcoin will never go below $50,000 again

[Wawa2013]

If we look at the movement of Bitcoin throughout April that never fell below the price of $ 50k, I am very optimistic that Bitcoin will not drop
below $ 50k again. Moreover, there are enough institutions investing in Bitcoin, this should give Bitcoin a very strong support price. I also believe
the support price at $ 50k is very strong, Bitcoin has also corrected several times below the $ 60k price and always manages to recover quickly.
So it should be that Bitcoin will soon rise again to a price above $ 60k.

[Ziskinberg]

Bitcoin is going down, it looks like we are seeing now the same scenario in 2017 bull run, after such of course the correction has been happening and it stayed long. As per https://www.binance.com/en/trade/BTC_USDT.. the 24 hours lowest price is 51,500.00 usd, so definitely we are so close of going down below $50k... hold tight fellas!

[Natalim]

Bitcoin is going down, it looks like we are seeing now the same scenario in 2017 bull run, after such of course the correction has been happening and it stayed long. As per https://www.binance.com/en/trade/BTC_USDT.. the 24 hours lowest price is 51,500.00 usd, so definitely we are so close of going down below $50k... hold tight fellas!

And it suddently touches $50k + now before it rise to $51k again. The trend currently is going down, we might see a bloodbath but it's not really that bad, the market is shaked, weak hands will panic and in return we will see a stronger market.

[teosanru]

Reading this post today I am giggling. We are around the 49-50k support and I think after a couple of days of cool down market will break this support and we might see 46-47k region. Something around which Tesla brought their second lot as far as I remember. The questions here are obvious whether this is just another big retracement by bitcoin or is it start of a new downward rally as it's the second time we have hit this support area in the same week. Moreover I am seeing the weekly MACD moving red. So either we are going completely in the bear trend or atleast a sideways market for a few coming weeks. But yes I have to agree this 49-50k support looks a bit difficult to break.

[thecodebear]

Exciting times for my never sub $50k prediction! $50k/$51k right now. The best chance of me being wrong was always a very near term correction, because the more time that passes the further away $50k gets, and we sure are getting that near term test now! Which way will it go??!

Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.

[Kelvinid]

Exciting times for my never sub $50k prediction! $50k/$51k right now. The best chance of me being wrong was always a very near term correction, because the more time that passes the further away $50k gets, and we sure are getting that near term test now! Which way will it go??!

Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.

As expected, history repeats itself and that is where we are now. We can't be all the time at the top, sometimes we fall down but I was not thinking that we go deeper just like what we experience last 2018-2019 bear season.

And now, I was expecting more panic selling, weak hands will do the sell-off before it drops more while investors are preparing for their bags. What causes for their huge corrections stills untold or this is because of huge fees that Bitcoin holders suffered a lot.

[Marvelman]

For this week I am very sorry to say, we are still going to be following the same scenario, but that doesn't mean that its the end for Bitcoin bull run. It all depends if people will do it a second time.
Let's see what happens, stay tuned, there is more on the way.

[Zemomtum]

Anything that makes BTC go below 50k and probaly get to 45k, then that is the beginning of the bear market in my own opinion. I thought this bull run will last all through this year but time will tell and the next 2 weeks will play a crucial role.

[TravelMug]

Exciting times for my never sub $50k prediction! $50k/$51k right now. The best chance of me being wrong was always a very near term correction, because the more time that passes the further away $50k gets, and we sure are getting that near term test now! Which way will it go??!

Yes, we are near term test right now, at $50k, many weak hands have been shaken. And we a known that if this weak hands are at least eliminated right now, we might see the price going up in the long term.

Also this is playing more and more into my long term thesis of we're in a long term super cycle rather than heading to a big 2021 blow-off top followed by a crash and crypto winter. This bull market is so FOMO-less compared to past bull markets, it is getting clearer with every passing week that Bitcoin is just sustainably building up higher, rather than shooting up uncontrollably to a peak this year. I'm loving this consolidation roughly around $50k we've been having the past two and a half months. Won't be too terribly long until the world views $50k as a normal boring price of Bitcoin which will set the Bitcoin price prospects far higher.

I also believed that we will see a big super cycle of bull runs this year and the coming years. Bitcoin's narrative has change already, no more FOMO or at least it has been lessen because we have institutions that fuel this bull run in the first place. Now the boring price might be $50k, but in the next coming months we might see that at around $75k.

[bbc.reporter]

This is not investment advice and I do not know the answer of the poll, however, bitcoin’s RSI has not fallen to this low since September of 2020. Bitcoin pumped from $10k to $30k after this low.

[batang_bitcoin]

Currently it is on $50,344.
Still at a good price and position while this is another fuel for bitcoin to cross another all time high. This is getting excited how high bitcoin will be after this correction. While the market is being manipulates again, this is pushing outside those weak hands while the whales gonna take their sold bitcoin at a cheap rate.

[suchmoon]

I'm sorry to say but I gotta disagree. Just traveled with my time machine to about half hour ago and saw it go not just below 50 but even below 49.

[buwaytress]

Think I passed by suchmoon on a similar time machine, though I might point out my genius even earlier at the last ATH, too long traversing Bitcoin weirdness to rule out any price so soon... Especially when 50k is barely 20% of current peak price.

Nice that whatever you buy now is 20% more when 60k gets its due test.

[NeuroticFish]

...And this is why one should never say never.
It's just 9 days since the starting post and we're already under 50k.
OP, I have a feeling that you've jinxed it 

I'm not worried though. There are quite a number of companies and entities that just love to buy the dip.

[pilosopotasyo]

I'm surprised to see Bitcoin below $50 k but it comes a time when I don't have funds to buy more, I should have prepared for this scenario, this a proof that sometimes it's worth a wait, my worry is that I failed to buy at this dip I'm not worried on the dip, Bitcoin will eventually recover, this is a good opportunity for investors and those who wants to invest the first time.

[jerrison]

It is obviously a fact that the case topic is invalidated as Bitcoin has shown the way below 50k. I see Bitcoin still testing lower levels and possibly breaking them to show lower supports. loads of factors have come to play but most importantly are the regulatory agencies passing laws and enforcing laws across all levels and having stern penalties to it.

Today is April 14th 2021, Bitcoin is trading at $62k - $64k today. It just spent basically two months building support around $50,000 in a very non-bull-run like fashion. This is because this bull run isn't gonna be a relatively short FOMO-driven huge peak and giant crash + crypto winter. We're at the beginning of a years-long super cycle that is gonna shoot Bitcoin from $10k up to well into the the hundreds of thousands over the next few years, with no crypto winters during that growth. Retail is calmer less FOMOy, institutions are coming in and by definition are more wary and less FOMOy, and with Covid + money printing the narrative around Bitcoin has finally evolved from speculative get rich scheme to store of value gold 2.0.

For these reasons, Bitcoin will never go below $50k again, even if we get a decent crash at some point like most people expect based on past market cycles (and yes I've been in crypto during the two big crypto winters), the bottom still won't go under $50k. Do you agree? Hit the poll!

[Jating]

...And this is why one should never say never.
It's just 9 days since the starting post and we're already under 50k.
OP, I have a feeling that you've jinxed it 

I'm not worried though. There are quite a number of companies and entities that just love to buy the dip.

Lol, he probably did, we are now trading at $48k-$49k. And we are back to the price in February if I'm not mistaken. But in any case, yes, this is another golden opportunity to pick up and buy bitcoin at a discount again.

No one to wait for like $20k, like what someone has been spreading in this community for the last couple of days. Buy as much as you can at this price and then hold, simply as that.

[Questat]

...And this is why one should never say never.
It's just 9 days since the starting post and we're already under 50k.
OP, I have a feeling that you've jinxed it 

I'm not worried though. There are quite a number of companies and entities that just love to buy the dip.

Lol, he probably did, we are now trading at $48k-$49k. And we are back to the price in February if I'm not mistaken. But in any case, yes, this is another golden opportunity to pick up and buy bitcoin at a discount again.

No one to wait for like $20k, like what someone has been spreading in this community for the last couple of days. Buy as much as you can at this price and then hold, simply as that.

I can wait for $20k, you know everything is possible, once bitcoin hit below $40k, $30k, then $20k will become a realistic prediction. When we say dump or correction, it's the opposite of the bull run. Be open of the possibility, but always consider the dump as an opportunity, long term holder could accumulate a cheaper price if they'll wait, with this current dump, let's see how the market will react, whether it will dump more or will recover.

[thecodebear]

Love that my prediction was wrong!

A few weeks ago I figured Bitcoin would spend a couple more months in the $40,000s and $50,000s, normalizing that price, before gradually continuing its upward movement, but then when it went to $64k I thought it had bust out of this range early so I made this prediction. Turns out my original thoughts were right! Continued normalization of $40,000s and $50,000s as Bitcoin builds a base around $50k. All playing into the ever more clear view that we're in the early stages of a multi-year bull market "super cycle".

Charts are forming a new pattern we've never seen before. Instead of parabolic boom and crash, the chart has now leveled out following an initial parabolic phase. Bitcoin market looks so much more mature now than past cycles. FOMO is no longer the driving force of Bitcoin. We're seeing the mature narrative of Bitcoin as a long term store of value increase rather than a get rich quick scheme - and that is clearly on display in the price chart this year. Looks like I made the prediction in this thread a little bit too early, but it solidifies my more general thoughts on the market. I'd love to see $40,000s and $50,000s stay through May and maybe even June so new participants and institutions looking to dive in deeper feel very comfortable at current prices and can get in low before price start moving up again!

Charts look great and everything is still moving well in the bull market, $100k looks on target for later this year in a much more sustainable fashion than probably most people predicted. Won't be long until $50k truly is a thing of the past!

[KTChampions]

A few hours ago, we all saw how the price can fall for no particular apparent reason  I see no reason why such a drop can occur more evenly and, for example, bring us to a price of 30k in a couple of weeks. At the same time, I should note the level of 30k will be very good for the entire ecosystem and will not interfere in any way with the further development and adoption of bitcoin.

The events happened a little faster than I expected  By the way, at the moment, the price behavior model is very similar to: a fall - a partial recovery - a new deeper fall - again a partial recovery, etc. It looks like we are moving into a bear market and will soon see levels even lower than 40k.