Bitcoin will never go below $50,000 again

[Lucius]

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 am personally not convinced that the price will never go below $50k again, especially since the current price is only some $13k above that level and a drop of only some + 20% would be enough price falls below this level. Of course, you start from the assumption that this bull run will inflate the price of at least x3 or x5 from the present, and that the absolute bottom will not be below $50k - but these are just speculations, no one can say for sure that the past will not happen again.

Regardless of the extremely positive trend, there is always the possibility of some bad event that could shake all markets (example of declaring a pandemic = BTC 50% down), and BTC is still reacting to such events.

[traderethereum]

My vote is I do not know because I am sure nobody will know for sure.
We can only wait and see what will happen to bitcoin, but even if the price is down deeper, it will be our best time to buy more bitcoin.
I guess many people will be happy to see the price is down deeper because they can buy bitcoin at a low price that they can not do before.
But if the price goes down deeper, we need to wait for a long time to see bitcoin price will start another rally.
We should enjoy this moment instead of thinking about how deep the price will go down.

[slapper]

Bitcoin is a good investment at the moment but don't be so oblivious. Too much confidence will cause you pain.

Even I am a bitcoin believer, a 2018 crash leaves a scar on me forever. Institutional investors are the ones creating this hype and with this power, they can easily reverse the condition. Nothing hard. Grayscale just needs to press a button and boom, 1 million bitcoin will be sold immediately.

The situation is unlikely to happen in the near future. Nevertheless, it is important to note it.

[Fundamentals Of]

I have reservations about this. If my wishes are to be given significance, Bitcoin will never go below $50,000 again, but the history of Bitcoin is full of surprises. Bitcoin has proven that it could fall much higher than 50%, so if that is possible then a fall from $60,000 to $50,000 is much more possible. That's less than 20%. But since we are in a different stage of mass adoption today, there is a stronger reason that it might not. For now at least, Bitcoin is more possible to reach $100,000 than $50,000.

[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

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

If it's different then I'll be making more money in the future 

[pixie85]

I think it will, even in a moderately bullish scenario.

If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.

Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.

For those of you who say it could be different this time, it sure could be, but TA tries to predict future moves by watching past ones. It gives us probability and we had at least 4 bull runs that followed the same pattern so the probability is high.

[thecodebear]

I think it will, even in a moderately bullish scenario.

If we assume that this bull market will lead to at least 100 thousand dollars, this will be the point from which a big correction starts. If you think that we'll be going up without a correction you're being naive, because all previous bull runs ended with a correction.

Past corrections were 80-90% from the top so even if we have a 70% correction this time it's going to end at 30 thousand. We'd have to reach an ATH of over 200 thousand USD this time to hope for a 60 thousand bottom.

I would say its naive to think this market is exactly the same as the previous ones, when that clearly is not true at all. I never said we won't have corrections. There will be lots of corrections, we've already had two this year. I'm saying there won't be a massive 80% crash and crypto winter. The market has clearly changed, and it looks increasingly likely that we won't get another crypto winter.

Also, even if there is a big crash just like the previous cycles, you are assuming it only goes to $100k at the top. Already at this point it'd have to go much higher than $100k to get the type of crash that would lead to an 80% draw down. If there is a big top and a big crash, it'll probably take something more like $200k. But if you look at how the market has fundamentally changed from how it has been, a bit top and big crash like we are used to seems not particularly likely. The naive view is to think that everything will stay the same as it always has been, when we can already see it is different!

[peterpanda]

I think price will go below $50k again but after that the price will grow so fast. We are waiting to see the milestone of $100k in this year. Before reaching this milestone, bitcoin will go below $50k at least one time.

[pixie85]

I would say its naive to think this market is exactly the same as the previous ones, when that clearly is not true at all. I never said we won't have corrections. There will be lots of corrections, we've already had two this year. I'm saying there won't be a massive 80% crash and crypto winter. The market has clearly changed, and it looks increasingly likely that we won't get another crypto winter.

It doesn't have to be exactly like the others to follow a similar pattern. It doesn't have to ba an exact 80%. If you check the charts you'll see that last bear markets did not lead to exactly 80% corrections, but even if it's a 70%, you're going to need a much stronger bull run to defend 50 thousand.

Also, even if there is a big crash just like the previous cycles, you are assuming it only goes to $100k at the top. Already at this point it'd have to go much higher than $100k to get the type of crash that would lead to an 80% draw down. If there is a big top and a big crash, it'll probably take something more like $200k. But if you look at how the market has fundamentally changed from how it has been, a bit top and big crash like we are used to seems not particularly likely. The naive view is to think that everything will stay the same as it always has been, when we can already see it is different!

In 2013 the bull run wasn't that high. It was roughly 3x in December, pretty much like 20-60 thousand we had this time and it went straight down from there, back to $400 in a day. So it corrected more than 60% in a day.

[bitgolden]

I think price will go below $50k again but after that the price will grow so fast. We are waiting to see the milestone of $100k in this year. Before reaching this milestone, bitcoin will go below $50k at least one time.

But as per most other people' speculation if we manage to go beyond $100 levels like $400k levels then there would be absolutely zero chances for bitcoin to be testing below $50k levels. But, like you expect if we scale only $100k this year then when bitcoin will be having 70% down fall during the bearish markets then there are absolutely possible to see again the $50k levels. I am just preferring not to see $50k levels anymore and also looking forward to test $400k levels by end of this year.

[South Park]

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!

If you really believe that a super cycle is coming then I can see why you think we are never going to see the price of bitcoin going below that level ever again, I'm still not so sure this is the case, obviously I will love for that to happen but I'm still not convinced that bitcoin is ready for that kind of growth, I think we could see something similar to what we saw in 2018, and I do not expect the super cycle to come until the next halving so you are still going to have some time to accumulate more coins.

[KTChampions]

I've seen a lot of similar topics and usually the authors were wrong. Given the fact that a fairly high level is chosen in this topic, I think that within a year we will see how the author of this topic turns out to be wrong. If I was offered a bet, I would not even be sure about the 10k level.

[Febo]

Bitcoin will never go below $50,000 again

$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.

[arufox]

$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

[dothebeats]

Calling $50k as the bottom is an overstatement IMO. Most targets are unrealistically placing lines over $100k in a few months time. Doable, yes, but to think how much money needs to be poured in order to attain that figure is just nuts. Also, to think that there really isn't stopping the deep pockets from dumping their coins, those alone will send bitcoin's price crashing way below $50k. I'm not saying that it will happen, but it could.

I get that we're all hyped and crazed with bitcoin reaching $60k and all that, but let's not forget that bitcoin was in $58k a few weeks ago, only to drop to $47k in just a day.

[CaVO32]

Calling $50k as the bottom is an overstatement IMO. Most targets are unrealistically placing lines over $100k in a few months time. Doable, yes, but to think how much money needs to be poured in order to attain that figure is just nuts. Also, to think that there really isn't stopping the deep pockets from dumping their coins, those alone will send bitcoin's price crashing way below $50k. I'm not saying that it will happen, but it could.

I get that we're all hyped and crazed with bitcoin reaching $60k and all that, but let's not forget that bitcoin was in $58k a few weeks ago, only to drop to $47k in just a day.

Everything is possible in this crypto market. It is for you to assess which way you want to go. It may or may not go below 50k, then what? It is on your own disposition how you will take advantage the opportunity in front of you. So-called experts can give their predictions, and so are you. Follow your instincts when you are shelling out money because at the end of the day, it is your hard-earned money and no one else will bother to help you.

[AliMan]

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 haven't heard any FUD articles now, and basically people just depends on that particular announcements that possible come out at social media and other sites. However, thinking about btc to go below $50k I would love to hear that scenario so opportunity again comes for people who still desire to invest their future.
Based on the poll survey, many believed that it won't go down but I'm afraid it was a reversal on the reality of the situation. We should be careful and always prepare if bearish trend would happen again.

[Luqman]

I voted, I don't know. In my opinion, no one really knows what to happen to the price of Bitcoin in the future. If the price can reach $100K or even above this year, there is a chance for the Bitcoin price to stay above $50K. But if the highest price of Bitcoin in the current bullish is only about $70K or even below, the price can drop below $50K in the next bearish. So, it is still not clear about the future of Bitcoin price to go.

[cabron]

Of course, I will not want the price to go below $50K anymore but then this is crypto where all are possible, one proof of this is DOGE which almost all thought its just a meme coin and now, you will have to take it seriously already fortis price had just hit $0.22.

If BTC will really go beyond $300K, its really hard to believe it will still to dip to $50K. I'm not saying it will not but its hard to believe it will still go that low.

[adaseb]

$50K is not that far away. We are at what $63K now. So all it would take is a 20% drop to get down to $50K and that would be considered a healty correction. Honestly there is just way too many leverage positions open at the moment. We are almost at $30Billion in open interest. A small move yesterday wiped $2B worth of liquidations. If its stretched far enough then its possible to see $50K within a few days.

Markets are irrational right now. Look at Doge over 30 cents, look at XRP at $2. ETH at $2500. These are bringing back 2017 vibes. People didn't think it would crash until it did and it was too late. BTC seems to be the only one trading rationally right now. But way too many alts are out of control. However the money is still pouring in. We will see where this will take us.