Bitcoin will never go below $50,000 again

[pooya87]

It just spent basically two months building support around $50,000 in a very non-bull-run like fashion.

That IS the bull-run like fashion of doing things.
There is first accumulation where price builds the strong support then the price rises up and breaks the resistances. Then there are corrections and again another support shapes and another accumulation.

If it were any other way meaning constant rises without any corrections or accumulations then it is NOT a bull run anymore it is a pump and bitcoin does not have pumps.

2015 to 2018 bull run was also exactly like this apart from the last 2 months.

with no crypto winters during that growth.

We can not know this right now. We have to wait and see what the last 2 months are going to be like. For example when price reaches $300k will it jump to $600k in a week like it did back in 2017? If yes then there will be a "bitcoin" bear market like we had in 2018.
The crypto winter is already happening as bitcoin price rises and altcoins dump.

Retail is calmer less FOMOy, institutions are coming

Neither of them control bitcoin market because they don't participate in it.

evolved from speculative get rich scheme to store of value gold 2.0.

There is no difference between these two wrong definitions of bitcoin (that is a currency in reality).

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!

If people expect a "crash" to $50k based on past bitcoin cycles then they have no idea what "bitcoin cycle" means. For starters the cycle ends with a massive bubble which has to be way above the current price to be considered that, a bubble. At least $500k.
Second the crash is not going to be 10% but it will be 80% like last time. If we assume this price is the peak which it obviously isn't, then to see similar crash it has to dump to $12400 Which is obviously a stupid expectation

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[STT]

Froth and base line are two diametrically opposed targets, we might judge the froth target as being six figures trajectory but dont exclude that crypto doesnt purely go up always and the base line is below 50k imo.   My personal opinion on what phase are we in and for how long barely matters, it just can and who knows what triggers it.

[Dr.Osh]

Who really knows? Nobody knows.
But yeah I somehow agree on your statement above, but then again it's not guaranteed that we'll be staying above $50,000 even with these small corrections and strong support. 
It has been quite a long time since we've seen a huge crash. So, I was thinking how sharp the crash would be. My intuition is telling me that when a huge drop occurs, Bitcoin won't go below $20,000. 

well, nobody knows about this. currently, bitcoin price looks very strong, in fact, I feel that the support and increase in price will continue to grow. it's just that, I feel that the $ 50k price tag is still pretty close for now. I might think the same thing if the bitcoin price won't be below $ 10k anymore, but who knows, I also think the bitcoin price will keep going up until now.

[Ludmilla_rose1995]

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!

I'm not quite sure yet. Even though it is a crypto season, the market will not continue to increase. there may come a time when the bearish season comes, bitcoin will crash, but not under $ 20K. If it goes below $ 50K, it looks like it could still happen.

[Becky666]

<snip>
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!

The bears will actually fight back the system and this won't be sweet as such becasue the past system has told us that the bear will come to fight. This current moment isn't different from the pass and we shouldn't be mindful of these bears come back. Although the bull has done their part from 2020 which has landed us here and the bears will strike definitely which we should look out for. The $50k isn't much from the bear to strike sincerely and not too sure if it won't strike it even lower that that.

[Kelvinid]

I hope you're right but we can't guarantee that. As long as the market relies on the market demand, dumps could be possible. It was just this time that the support level is so strong, I hope it could still be working at that level. However, we don't be just confident with that as for sure that the market will also be changing from time to time. Whether it happens or not, we just need to keep calm and hold our emotions.

[proudhon]

The price is on its way back down to $50k and below as we speak.

[Natalim]

The price is on its way back down to $50k and below as we speak.

Maybe it's time for bitcoin to correct, it's been so bullis and it has affected a lot of altcoins possitively.

Bitcoin will drop below $60k the way it's moving now IMO, so probably we shoudl get ready for a possible big drop and might cause some panic.
I'm betting on anyone who are confident that bitcoin will not anymore drop $50k even this year.

just let me know. I'll take a bet. 

[ipanks]

The price is on its way back down to $50k and below as we speak.

Maybe it's time for bitcoin to correct, it's been so bullis and it has affected a lot of altcoins possitively.

Bitcoin will drop below $60k the way it's moving now IMO, so probably we shoudl get ready for a possible big drop and might cause some panic.
I'm betting on anyone who are confident that bitcoin will not anymore drop $50k even this year.

just let me know. I'll take a bet. 

If that is another correction, I will set my alarm to sound and prepare my money to buy more. But I do not know if the price can back to below $50k or not because that will make a big panic from traders. But the institution or big company will use that time to buy back with large money because they will not let that chance leave them.

[thecodebear]

The price is on its way back down to $50k and below as we speak.

lol funny  

It managed to drop all of $3000 from $63k to $60k on the news that a country of 85 million people was banning crypto. Not exactly the sub-$50k drop you were hoping for lol

[Banprox]

Predict on Crypto is not easy. This is much tough. I think no one can surely predict upon Crypto currency. Though bitcoin is a good coin and its price is now in better position thats not mean its price will never go below $50,000. Its price can go below anytime.

[kpierce77]

What is certain is that the market cycle will definitely occur, even though we don't know when the time is. with Coinbase listing on the Nasdaq, of course, will make bitcoin and other crypto positions quite strong. Even so, I still have thoughts that bitcoin could still fall below the $50k price level, imo. but don't get me wrong, I believe that at this time we also haven't seen the maximum value of bitcoin. With a lot of new money going into crypto and crypto that has become a new trend, I think we will encounter new ATHs almost all the time

[Ibrahim60]

In 2017 bitcoin price was hit around $19k and then its price get down at around $6k. In this year bitcoin hit around $64k. That's not mean its price don't go below $50k. This can happen anytime that bitcoin Price get down below $50/$40k.

[ShowOff]

What is certain is that the market cycle will definitely occur, even though we don't know when the time is. with Coinbase listing on the Nasdaq, of course, will make bitcoin and other crypto positions quite strong. Even so, I still have thoughts that bitcoin could still fall below the $50k price level, imo. but don't get me wrong, I believe that at this time we also haven't seen the maximum value of bitcoin. With a lot of new money going into crypto and crypto that has become a new trend, I think we will encounter new ATHs almost all the time

Feel free to say that it is the user who sets the price of bitcoin which mean the price of bitcoin is determined by supply and demand. This will be a market law that continues to apply to bitcoin which in turn will make its price volatile. Bitcoin can go up higher than $100K and it can also drop below $50K if we judge it in term of supply and demand. But right now, the high enough demand for bitcoin will be a supporting factor not to see the price drop below $50K. Market cycles will occur, no one can say for sure.

[Febo]

$50k is a 25% drop. Bitcoin did such drops in a single day. It can easily be sub $50k  in a week. It will probably be at sub $50 during next month.  Few bad news and some FUD and we are there.

Do you think Bitcoin like in a couple of years ago?? No, Currently Bitcoin is strong, so many people learn from the past, so fud is no more truly affected. And I rarely see fud about Bitcoin now. And the question is who will make a Fud about Bitcoin?? Institutions and many crypto influencers always say positive about Bitcoin. who?? New people? who will care about what they saying

LOL. Tomorrow USA central bank says they baned Bitcoin. Price would drop 30%. You dont even need they say that. There can just be a rumour. If you think that Bitcoin is free of all problems, you are very wrong. We are only on start of a long fight. All countries will fight against losing control of printing money. They are still in denial. 

[sana54210]

I hope you're right but we can't guarantee that. As long as the market relies on the market demand, dumps could be possible. It was just this time that the support level is so strong, I hope it could still be working at that level. However, we don't be just confident with that as for sure that the market will also be changing from time to time. Whether it happens or not, we just need to keep calm and hold our emotions.

We can't guarantee anything with that logic. Can you guarantee me somehow that it will never be under 1 dollar? We can't give a guarantee like that but we know that it won't be going down that much, we just "know" something like that won't happen, you can ask anyone in the world and they will all say that it will not be under 1 dollar for sure.

In any case we still do not have anything that would be predicting under 50k right now, but that could happen, under 50k is more plausible than under 1 dollar obviously, but just like how we know it won't be under 1 dollar, OP is saying he knows it won't go down under 50k as well. My personal favorite is won't be under 20k ever again, I really do believe that, I can't guarantee anything like that, but I just feel like that seems like a reasonable approach and will probably turn out to be true over time when it fails to go under that.

[Natalim]

The price is on its way back down to $50k and below as we speak.

Maybe it's time for bitcoin to correct, it's been so bullis and it has affected a lot of altcoins possitively.

Bitcoin will drop below $60k the way it's moving now IMO, so probably we shoudl get ready for a possible big drop and might cause some panic.
I'm betting on anyone who are confident that bitcoin will not anymore drop $50k even this year.

just let me know. I'll take a bet. 

If that is another correction, I will set my alarm to sound and prepare my money to buy more. But I do not know if the price can back to below $50k or not because that will make a big panic from traders. But the institution or big company will use that time to buy back with large money because they will not let that chance leave them.

Panic is not new in the crypto space, that's the time where whales are getting into play to drop the price so they can start accumulating again before they put the market into a big bull run. Typical investors will just follow the market trend, most especially if its bullish so it's easy to sell those cheap coins accumulated during panic when the hype is on, so let's always remember that easy possibility.

[thecodebear]

$50k is a 25% drop. Bitcoin did such drops in a single day. It can easily be sub $50k  in a week. It will probably be at sub $50 during next month.  Few bad news and some FUD and we are there.

Do you think Bitcoin like in a couple of years ago?? No, Currently Bitcoin is strong, so many people learn from the past, so fud is no more truly affected. And I rarely see fud about Bitcoin now. And the question is who will make a Fud about Bitcoin?? Institutions and many crypto influencers always say positive about Bitcoin. who?? New people? who will care about what they saying

LOL. Tomorrow USA central bank says they baned Bitcoin. Price would drop 30%. You dont even need they say that. There can just be a rumour. If you think that Bitcoin is free of all problems, you are very wrong. We are only on start of a long fight. All countries will fight against losing control of printing money. They are still in denial. 

Yeah I don't know what that guy is talking about. There is still a ton of FUD around bitcoin and cryptos. I mean USA central bank banning bitcoin is meaningless because they don't make laws, but yeah your point is news or even rumours still highly affects the price, that is totally true. I'm sure we all remember the fake double spend news from a couple months ago that dropped the price from $33k to $28k in a single day.

But to your original point in the first quote, yeah $50k is like a 20% drop from here, but a correction from here is very unlikely, as the price just spent basically two months consolidating in the $50,000s. And a sub $50k price next month, a drop from say maybe $70,000s is unlikely because that's a 30-35% drop AND again Bitcoin just spent two months consolidating in the $50,000s. Sure it COULD happen, but will it? Good chance it doesn't. Next correction might bottom at $55k-$60k. And if it doesn't happen in the next month, I think the chances of it happening later are far less. I'd say there's an unlikely but small chance it happens in the next month or two, and a much smaller chance it will happen later on. Which is why I don't think it'll ever happen.

I'm not saying like there's zero chance of it ever happening, but I am saying I don't think it's very likely and I bet it doesn't ever go below $50k again. I'm not buying that there is gonna be a giant peak this year and huge crash and bear market like previous cycles, which I fully explained in my initial thread comment - cuz this bull market looks way slower and more stable and sustained and less FOMOy than ever before plus institutional support. To show an example of my point about a longer and more sustained and less in danger of huge peak and huge crash happening: the major movement of the bull run started around mid October, so it's been 6 months already, in 2017 the whole major part of the bull run only lasted 7.5 months, so on that timescale we're now starting Nov 2017, but rather than starting the big fast huge rise to the final peak now, we're just coming off two months of ranging and consolidating in the $50,000s, nothing about the current price suggests we even have to start thinking about the price becoming unstable and nothing about the market action suggests the world is gonna suddenly FOMO in and double or triple the price really quickly which is what is needed to lead to a big crash.

Also check out today, an entire country of 85 million people banned crypto and the price dropped all of $3000 and looks like that was it. Plus at the same time you have shit like Doge, BCH, Litecoin all pumping hard today and yet it's not bleeding Bitcoin. Plus you recently have some bank in the US saying they aren't allowing their customers to even buy stocks of companies that own Bitcoin, you also had Coinbase stock dropping hard 25% from its high in the initial hours on the market a few days ago! None of that had any more affect on Bitcoin than just normal daily volatility. $50k could happen soon but it is a big stretch to say it will, and if it doesn't happen soon it will probably never happen.

[Lucius]

LOL. Tomorrow USA central bank says they baned Bitcoin. Price would drop 30%.

Only 30%? I think that in this particular case, that percentage would be much higher, because we should not forget how much influence the US has when it comes to Bitcoin. We are not just talking about Coinbase, Grayscale, PayPal or Tesla, but also about the global US influence on the rest of the world - which means that such a move would be followed by some other countries that otherwise blindly obey every command from the US.

Also check out today, an entire country of 85 million people banned crypto and the price dropped all of $3000 and looks like that was it.

Turkey did not ban cryptocurrencies in the literal sense, they banned their use for the purchase of goods and services, and everything else is still allowed as before. It is also wrong to compare Turkey and the US in this or any other context, these are two completely different countries and what happens in them affects the rest of the world quite differently.

$50k could happen soon but it is a big stretch to say it will, and if it doesn't happen soon it will probably never happen.

For someone who has been in the world of cryptocurrency for a long time, the word never should not exist in the vocabulary - because when it comes to Bitcoin, anything is possible.

[ipanks]

The price is on its way back down to $50k and below as we speak.

Maybe it's time for bitcoin to correct, it's been so bullis and it has affected a lot of altcoins possitively.

Bitcoin will drop below $60k the way it's moving now IMO, so probably we shoudl get ready for a possible big drop and might cause some panic.
I'm betting on anyone who are confident that bitcoin will not anymore drop $50k even this year.

just let me know. I'll take a bet. 

If that is another correction, I will set my alarm to sound and prepare my money to buy more. But I do not know if the price can back to below $50k or not because that will make a big panic from traders. But the institution or big company will use that time to buy back with large money because they will not let that chance leave them.

Panic is not new in the crypto space, that's the time where whales are getting into play to drop the price so they can start accumulating again before they put the market into a big bull run. Typical investors will just follow the market trend, most especially if its bullish so it's easy to sell those cheap coins accumulated during panic when the hype is on, so let's always remember that easy possibility.

Hahaha your right. But that happens many times. I remember when Dogecoin increases so high and make people and my friends, including myself, amazing because we never thought that Dogecoin could jump to that high price short time. The strong investors will not just follow the market trend because they will have another analysis that will determine them to sell or just wait for more or sell all at once. That type of investors can wait for a long time and not getting the effect from the trend of panic because they have a lot of experience that help them decide.