Bitcoin will never go below $50,000 again

[sana54210]

Almost like they were prepping that loaded gun to shoot at the markets when it was in a frenzy ha. Suppose the convergence of network presumptions and external market pressure seems to have combined nicely on Sunday.

No matter, good to get this out of the way now. We all know Bitcoin does seem to perform exceptionally well in the face of intense pressure and scrutiny.

The reason why they always do this on Sunday is that there are a lot of banks that do not wire money on Sunday to crypto places (well most places) and that is why weekends are harder, you have to deal with what you have in the market and new money doesn't come in that easily so that causes the price to drop and nobody to put more money to buy again. Of course there are many methods all around the world that you could do to buy more, but there are also many methods that you could lose more as well.

This is why at the end of the day we are talking about weekend drops. They know this and they just share these things to try and hurt crypto as well, they could very well do this on a weekday, or not even share this news, but they know that if they shed a bad light on bitcoin they could drop it. Janet Yellen is known to hate it so I think that makes sense.

[pixie85]

Somebody just tried to drop it below $50k 
Probably a whale forgetting that pesky decimal point on a market sell order...

Rather a bunch of whales since that was thousands of BTC sold across multiple exchanges in less than 1 hour.

There's nothing to worry about though. Pretty much a normal selloff after an all time high and a few days ago I was talking about the pi cycle top being marked. I think it was on Tuseday last week that the marker went off and 2 days later we had a first small crash, then another and another...

Small liquidity on exchanges that we're experiencing isn't helping but bulls still look strong. 

[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.

Was out for almost a whole day in our time, then upon checking like 4 hours ago, it was down to $56k and I said what's the reason behind, then goes up to $57k and now to $54k. So I advise some of my buddy to buy at this very attractive price. So much for the price not going to $50k, Lol, in any case, we will see a clearer picture tomorrow as I'm sure there will be a lot of speculations for the sudden dip.

I am wondering what your confidence is based on and what you will tell your friends if they buy bitcoin and the price drops significantly lower. I can assume that since you are planning to give such advice then they are new to the crypto and you are going to take on such a responsibility?

[2double0]

After the short squeeze that happened on Sunday, I think that you should reassess your analysis Op. The fall was sharp from $62k to $51600 and it was near $50k, so breaking it down again is not a big deal for the shorts. Some say it was a funding fee reset, others say that US Treasury may charge some financial institutions for conducting money laundering through the use of cryptocurrencies.

[Kemarit]

After the short squeeze that happened on Sunday, I think that you should reassess your analysis Op. The fall was sharp from $62k to $51600 and it was near $50k, so breaking it down again is not a big deal for the shorts. Some say it was a funding fee reset, others say that US Treasury may charge some financial institutions for conducting money laundering through the use of cryptocurrencies.

Yes, I read that someone tweeted about US financial body investigating on exchanges about money laundering that really fuel this flash crash on a weekend. Imagine that, when we are all relaxing with our family suddenly the market goes down very hard because of this unfounded news.

So we almost visited $50,000 again, but thanks to those strong hands, they didn't bulged-in, never moved their position and the price is holding almost 18 hours after billions of dollars have been wiped out. Let's wait till the dust settled in the next 6-10 hours and see the effect of this negative news.

[philipma1957]

Noon on Tuesday we will know if this is the beginning of a long drop or if it was simply buy the dip.

I went with buy the dip and got some cheap btc.  51.7k and 52.0k  were my buy points.

[Shasha80]

Before that, when Bitcoin hit the ATH price of $ 64k, I was very optimistic that the Bitcoin price would not drop below the $ 50k price again.
But suddenly now Bitcoin is correcting and very quickly falling below the price of $ 55k, I have more doubts whether Bitcoin will never hit
a price below $ 50k again. Indeed, it is very volatile once the Bitcoin price can go up very high and if it has gone down the price can immediately
fall suddenly. The most important thing is that in situations like now we should not panic, still believe that Bitcoin will recover in the near future.

[Reatim]

Noon on Tuesday we will know if this is the beginning of a long drop or if it was simply buy the dip.

I went with buy the dip and got some cheap btc.  51.7k and 52.0k  were my buy points.

I almost believe that Yesterday will be the day when the Value drops down to almost 52k$ level But lucky that it does recover overnight and went back to almost 56k$ I was at my standby mode waiting for 50k Plain level to buy more but yeah I failed .

it depends on how high the bitcoin price reaches the ATH. if bitcoin only hits an ATH below $ 100k, the chances of bitcoin price dropping below $ 50k are pretty big. If you understand the price of bitcoin when it reaches ATH in 2017 you will understand what I mean.

What is the comparison from 2017 to 2021? if you really know the market surely you won't say those nonsense .

obviously you know nothing but BS posting.

[Twinscoin2017]

Well we cannot really say that the bitcoin will never go back below 50k$ because after a big pump i am sure that big dip will also come, maybe not this year but there will also a dip and i will wait for that dip to buy and hold, for now i will prefer to some altcoin good altcoin will surely rise this is bullish season so there are always a great posibility that alt season will start.

[blckhawk]

Well we cannot really say that the bitcoin will never go back below 50k$ because after a big pump i am sure that big dip will also come, maybe not this year but there will also a dip and i will wait for that dip to buy and hold, for now i will prefer to some altcoin good altcoin will surely rise this is bullish season so there are always a great posibility that alt season will start.

There's no one really can tell on what will be the next move of Bitcoin if it is going to break the ATH or going for a dip and as for predicting the price. It seems OP was very optimistic regards on Bitcoin price which there's nothing wrong actually however, you should know everything has a limit, Bitcoin will not always in a bull run and will increase forever. There will be dumps no matter what happened, as a matter of fact, we had a correction recently and it almost drops to $50k, imagine if Bitcoin enters the bear market it will definitely fall beyond $50k.

[Oasisman]

Well we cannot really say that the bitcoin will never go back below 50k$ because after a big pump i am sure that big dip will also come, maybe not this year but there will also a dip and i will wait for that dip to buy and hold, for now i will prefer to some altcoin good altcoin will surely rise this is bullish season so there are always a great posibility that alt season will start.

Dip has just happened after Bitcoin reaches $64,000, it was followed by a $53,000 dip. Though the possibility for Bitcoin to go below $50,000 is always possible, but it probably not gonna happen currently as institutions are still coming in to the crypto market.
If you noticed after the crash, people are rushing to buy at $52,800+. Some might have been waiting for $50,000 but It really is hard to wait to buy at that level especially that investors has been looking for a good entry point.

[buwaytress]

The reason why they always do this on Sunday is that there are a lot of banks that do not wire money on Sunday to crypto places (well most places) and that is why weekends are harder, you have to deal with what you have in the market and new money doesn't come in that easily so that causes the price to drop and nobody to put more money to buy again. Of course there are many methods all around the world that you could do to buy more, but there are also many methods that you could lose more as well.

This is why at the end of the day we are talking about weekend drops. They know this and they just share these things to try and hurt crypto as well, they could very well do this on a weekday, or not even share this news, but they know that if they shed a bad light on bitcoin they could drop it. Janet Yellen is known to hate it so I think that makes sense.

Not sure this is really valid given that I've seen and enjoyed plenty of Sunday bull runs myself -- all this bearing in mind there's little on-chain interaction on the weekend as well. Definitely can see the role of leverage platforms and cascading liquidity as has been put forward by some analysts, but yeah, Sunday does seem to hold a special place in Bitcoin markets;)

[STT]

People who say things like this either havent been around long enough to know better or are willing failure by arguing perfection where it doesnt exist.   Volatility obviously means both directions not only upwards, if we agree Bitcoin can be erratic in a positive way then its only realistic to admit it can mirror this downwards also and it doesnt mean it stays at below 50k but it can trade below there without too much required imo.

Above 55k I dont think anything much happens this week but also breaking upwards from 60k later falling back like this appears badly; top of a ladder is the most dangerous step. A failed move can lead to reversal if you think technical patterns matter but I've not seen anyone warn on that as the Sunday or weekly close wasnt so bad as it could have been but imo it can develop that way if it drags on.

[2double0]

<<>>

So we almost visited $50,000 again, but thanks to those strong hands, they didn't bulged-in, never moved their position and the price is holding almost 18 hours after billions of dollars have been wiped out. Let's wait till the dust settled in the next 6-10 hours and see the effect of this negative news.

The markets have recovered quite heavily today but selling pressure is still there as I am seeing some insane 140-200 btc orders on the sell side for btc usdt pair. I think we are about to see some bloodbath before the dust settles and this time, btc may plunge below $50k once again to take down the liquidity that has been holding for so long.

[Ararbermas]

Perhaps it will make a correction in the price but not that much.. I, guess. Because seem like its not fair for bitcoin to falls back to the oldest bottom price. Especially after alll the bump. In my opinion it will happen only when whales manipulate the said coins.. Just imagine 62k to 50k?  a massive dump actually..

[South Park]

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.

Right now the price seems to be trapped between 50k and 60k, just a few days ago when we reached a new all time high it seemed as if we had finally left such levels behind but the bears made a huge effort to push down the price and to reverse the trend and they were close to get what they wanted as we reached a price as low as 51k at some point, but this tells me reaching a price below 50k during the short term is not as easy as it may seem and it seems we are going to remain at the current levels for some more time.

[beerlover]

Dip has just happened after Bitcoin reaches $64,000, it was followed by a $53,000 dip. Though the possibility for Bitcoin to go below $50,000 is always possible, but it probably not gonna happen currently as institutions are still coming in to the crypto market.
If you noticed after the crash, people are rushing to buy at $52,800+. Some might have been waiting for $50,000 but It really is hard to wait to buy at that level especially that investors has been looking for a good entry point.

I think 53k wasn't there for too long, we have been over 55k+ for the majority of the time, that 53k (and even 51k) was hit and then bounced back very quickly, didn't even take 1 full day for it to go back up, so we can easily say that dip has been 55k if you waited. I believe that is not bad at all. I do believe that 50k could be reached and it could go under but I believe it is not that easy neither.

I just think when there is a huge crash in the market for something major that means we could be under 50k, however no regular everyday type of crash like we have just seen could make it go under 50k. Why? Because like you said people were rushing to buy bitcoin as soon as it dropped, that means a lot for us and as long as that happens we should not really worry, as long as people buy that is a good thing, be scared if people stop buying bitcoin.

[dimonstration]

Perhaps it will make a correction in the price but not that much.. I, guess. Because seem like its not fair for bitcoin to falls back to the oldest bottom price. Especially after alll the bump. In my opinion it will happen only when whales manipulate the said coins.. Just imagine 62k to 50k?  a massive dump actually..

Just imagine that the price jump only in a month from $53k to $63k, it can be a big gap but it just happen in a short period of time and is now recovering again, the dump is normal as it experience too much hype in just a short period of time and continuously setting ATH, a little break will not harm anyone unless werent able to take some profit atleast.

[peterpanda]

As a bitcoin lover, you can speculate that but bitcoin may down below $50k again. It is possible for crypto currency like bitcoin. I believe that bitcoin will hit $100k but we can't speculate surely that it will not down below $50k.

[Xinarae*]

No one can say for sure whether bitcoin will ever go below $ 50,000 again but the market is undergoing a huge revision which means that bitcoin will rise further bitcoin is in a strong position in the crypto market and will not go below $ 50,000 even if the price goes down. As well as transactions or payment gateways like PayPal have now started accepting digital currencies the acceptability of Bitcoin has increased.