Bitcoin will never go below $50,000 again

[thecodebear]

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!

[jackg]

Most people are looking at targets around 200 to 300 thousand dollars by November and I don't think it's an unreasobale expectation anymore - but still potentially unreachable this cycle.

I doubt bitcoin will drop below $30k ever now though (unless another currency overtakes it).

Edit: the seemingly endless number of bounces from the 40-46k region might make that the new $6k.

[stomachgrowls]

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!

Did choose I dont know!

I'm not really a fan on convincing myself into a particular belief that the market wont really be going low anytime soon even just saying with that below 50k price is something just near on the current
price we are experiencing atm.Going below those levels arent really too far off for us to presume that we would really be heading back there.

Making out calculations and basing on those 2017 and last year crash then i agree on what mentioned that 40k-45k would might be in todays possible 6k price
but still i dont take it seriously and dont expect or hope that much.Anything could happen on least expectation.

[crzy]

$40k to $50k might be the bottom for the next correction but its hard to say how strong the bear market would be so its hard to stay complacent where the market moves faster than we think.

Many predicts the price of $100k at the end of the year, this will happen if we continue the bull trend, more good news are coming into this market, that can help boost the price of Bitcoin and help to achieve its goal for this year.

[proudhon]

Bitcoin will 100% definitely go below $50,000 again. I've confirmed this multiple times.

[Marvelman]

Bitcoin set an all-time high on Thursday, crossing the $64 k mark for the first time ever. We are in unchartered territory again. There is a lot of volatility, but the long term trend is up. So the latest drop is likely just a correction, not a fundamental change in the overall direction of bitcoin.

I'm not sure where this is heading, but I hope we're looking at a period in which we never go below $50 k again.

[agustina2]

Still speculation. The crash is always there.

Even with these good reasons, difficult to imagine that we won't see Bitcoin going back to $50,000 again.

But I'm not talking about going back to $20,000. That's was unrealistic to imagine.

[arufox]

It's hard to go down to $50,000 again because bitcoin now has strong support. But you must know we will see $50K again, after the huge correction like in 2017. But no one knows when the correction comes, based on history it will come the end of this year.

If you want to see 50K in near, this is impossible I think.

[Wilhelm]

After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.

So getting below $50k will happen unless the ATH is above $300k

[Baofeng]

I voted: I don't know

Still a long way to go to say that we won't go below $50k again. We need to see the price at least hit 6 digits, $100k-$150k before tinkering on the idea that it won't go down as hard to $50k. So we will have to wait and see if we are going to get on the price levels. I agree that institutions are going inside the market but we might see a slow exponential growth. Maybe $100k in the last two quarters of this year.

[arufox]

After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.

So getting below $50k will happen unless the ATH is above $300k

This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.

For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train

[LUCKMCFLY]

It is very difficult for me to determine how much bitcoin could go down, the market scenarios are very big, anything can happen, just remembering that in the first cycle of Bitcoin when it reached its ATH of $20k it went in a very short time to almost $2 k, the market is unpredictable and honestly anything can happen.

For now I do not see possible that it falls below $50k, but if it is very viable that it happens, although it was a long time in the range of $56k- $59k it could have originated a liquidity pool to resist the bearish attacks, I think that the Highest resistance is at $46k.In an eventual bearish trend, which goes after the Distribution stage, it is difficult to determine how much the price can fall, so that the accumulation stage begins again, so I do not dare to give a probable price level to achieve if it goes down in price.

[thecodebear]

After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.

So getting below $50k will happen unless the ATH is above $300k

This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.

For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train

I'm already fully loaded and retired thanks to bitcoin. I have 99.9% of my money in crypto. Don't worry, Bitcoin already mooned for me

I don't care one way or another if it goes under $50k again. My prediction is based on what the market is telling me, long term not short term, not based on what I hope happens. The market has fundamentally changed compared to 2017 and earlier cycles, I don't see a peak and crypto winter coming, I believe the market is saying those days are over. I could be wrong, but I think better than 50% chance I'm right and we don't see under $50k and we don't have a big crash and bear market.

[Wexnident]

Idrk, for real. And I honestly have no intention of finding out whether it's true or not, I'm just at that point where I'd mindlessly believe Bitcoin, EVEN if it goes below $50k again. I'd reckon that it's difficult, but hey who knows, we saw such a sharp drop back in March last year, and even if the situation was different from then to now, judging by the fact that it happened, it could STILL happen. It may not look much if we base it just on solid numbers, but the percentage of drop back then was quite steep.

Though tbh, even if it did go below $50k, Bitcoin is still Bitcoin. It's still the true decentralized crypto, and if Bitcoin's popularity dropped due to it going down like that, then I honestly think some people don't even know what it really is for.

[maxreish]

Well, if the bullish price is strong. It is hard to pull back below  $50,000. But it depends, if whales doesnt sell off their bitcoin yet, then we'll gonna expect more bullish trends. However, if opposite thing happens and they sell off their bitcoin, it is possible that we reach it below that price. Hopefully, not. As I am one of those who are still doing some long term hold til now

[magneto]

I agree that long-run mean has shifted up significantly, but probably nowhere near the vicinity of $50k.

Markets are still irrational at the end of the day and people are going to be liable to panic dump when it comes to any sort of negative regulatory news. Even when the negative news has zero long term implications, markets are still going to overreact to it for sure.

I do expect a correction to come as a matter of time. But given the state of the FOMO right now, I doubt that we'll see it until at least the end of the year.

[blue_nexus15]

This cannot be predicted. Though, bitcoin has gone through everything to open a new, more glorious history page. No one else calls bitcoin a "bubble," but an asset, along with a huge incentive to accept it as an efficient means of payment. Proof is that Tesla launched. But regulations have always been the enemy of bitcoin and crypto. The higher the value of bitcoin, the more caution is needed. always remember the carnage early 2018.
Vote:   I don't know

[Jating]

After the ATH when the bear market starts again then in about 1 year the ATL will hit.
ATL is typically 1/6th of the ATH.

So getting below $50k will happen unless the ATH is above $300k

This formula based on the history of Bitcoin, but what happens if the scenario is different?? Even though Bitcoin reaches $300K, I think a huge correction that will make bitcoin go down to $50K is still possible.

For OP I think you should don't hope to Bitcoin go down to $50K again, because less chance, Just buy now and hope it can reach $100K as soon as possible. Dont miss the train

I'm already fully loaded and retired thanks to bitcoin. I have 99.9% of my money in crypto. Don't worry, Bitcoin already mooned for me

I don't care one way or another if it goes under $50k again. My prediction is based on what the market is telling me, long term not short term, not based on what I hope happens. The market has fundamentally changed compared to 2017 and earlier cycles, I don't see a peak and crypto winter coming, I believe the market is saying those days are over. I could be wrong, but I think better than 50% chance I'm right and we don't see under $50k and we don't have a big crash and bear market.

Nicely put, and I agree will all your points, 2017 bull run is different from what we are seeing in 2021, it is not fuelled by big companies and institutions and then retail investors. FUD doesn't have the same effect as in the past. And we might not see a 4 year cycle, might be 2 huge cycles.

So it's better to be a long term holder or at least see bitcoin for the long term. If we cycle to $300 million then obviously the next will be huge that we can only imagine it to go to $1 million.

[Oasisman]

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. 

[LogitechMouse]

The only thing that we can do right now is to make an assumption, predict and nothing more.
This scenario that the OP has shared might happen or it might not happen.

As for me, my prediction with this is that I still believe in market cycles and in crypto market the cycles is usually happening every 4 years. Institutions, FOMO and adoption might be a factor with the recent rise of Bitcoin but I still believe that there will be a time that the market will make a correction and it we will see Bitcoin UNDER $50,000 when that correction comes. These factors might affect though where will be the bottom of the bear market or how many percent will it fall and maybe we might see a bear market like what happened in the past where the correction is near 70-90% of its peak price. I still don't get it while people are very optimistic when it comes to their predictions .