Bitcoin will never go below $50,000 again

[tygeade]

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.

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

[slaman29]

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

[Natalim]

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

[slapper]

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

Maybe bitcoin will go lower, but not soon according to my analysis



The triple bottom has formed around $53500. Big reversal pattern for this massive sell-off. If I were you, I would buy bitcoin to take a small profit at $60000 or more. History may repeat itself and bitcoin can lower but right now it is a convenient time to earn money with cryptocurrency

[arwin100]

Until yesterday, I was also believing like bitcoin market is holding stronger above $55k price levels and we are going to see you new ATH above $70 in coming weeks but right now I have changed my view because at any time we may test below $50k levels. But nothing there to be worried about is, because it is just another market fluctuations and definitely bitcoin market will bounce back from this correction like before.

All we can do right now is, making use of any possible dip below $50k price levels; definitely buying at dips will work once again along with this correction as well.

I did think all these calls were too soon. Forget about testing 50k floor we should even be prepared to tesk 40k floors, everything is possible when you get these situations of multiple leveraged positions closing, and then it just creates a downward momentum. Needs another Elon Musk Tweet to say BTC is still overpriced to take it down another 10k I would say.

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

[darewaller]

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

[Fortify]

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 think if a single tweet by a relatively unknown organization was able to crash Bitcoin from around $61,000 down to $52,000 in the space of a few hours, on the mere speculation that the US government might start prosecuting banks for Bitcoin based money laundering, then it is highly possible a much larger crash could happen if it became reality. The only financial companies that will survive are those with stringent anti-money laundering precautions (removing anonymity) or fully integrated payment networks preventing external transactions (like Paypal). There are a couple other things worth remembering as well - one, that "Uncle Sam" may start to take a dim view against cryptocurrency if it ever looks like it could start replacing the US dollar as a reserve currency (highly unlikely). The second thing that might be worth considering is that Bitcoin is receiving a lot of support from the Chinese government which can be dangerous in numerous ways - they might eventually get the ability to perform a 51% attack or even have Bitcoin sanctions used as a financial weapon against them.

[tbterryboy]

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!

Even with such a big crash, we stayed above 50k, that should make at least some people happy right? I mean I am very happy about it, it is definitely something I really wanted for a long time. I can't say if that is the end of it, I can't say if we will ever go under 50k or not, maybe we will, maybe we won't, I wouldn't know it, nobody can "know" it, we just guess. However we could at least say that we are doing better right now and that is a very good thing.

This is why I think there is a chance that we do end up with something decent after this crash, we will probably go up, it looks quite good and it will be something valuable once again. I don't know if 64k+ will happen again very soon, but I think if we have a recovery, it will definitely happen eventually and when we go over and break the all time high price, it is going to be a bull run followed after that.

[carlfebz2]

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

And to add up, this was because of this event.

https://u.today/this-tweet-just-erased-288-billion-from-crypto-market-cap

The tweet had been already deleted or not avialable.
https://twitter.com/Fxhedgers/status/1383611847144730626

FUD is never a new thing.

[ultrloa]

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

And to add up, this was because of this event.

https://u.today/this-tweet-just-erased-288-billion-from-crypto-market-cap

The tweet had been already deleted or not avialable.
https://twitter.com/Fxhedgers/status/1383611847144730626

FUD is never a new thing.

Just discuss this fud to my friends earlier and we didn't believe about that tweet since we know its a manipulative act by the whales to create panic to the weak hands and seems they are pretty much effective since successfully move the market for just spreading that fake information. So for newbie traders better to learn from this since if they keep listening to more upcoming fuds they will lose more money if they will get panic easily.

[Saisher]

I voted I don't know even if the market is doing great at this point in time, one of the thing I consider was the March scenario when the pandemic broke out, nobody saw this coming and nobody predicted it, but it still happen, how can we be 100% sure that it will not go down again, when there's no certainty in the market and the saying that invest only what you can afford to lose is always true.

[Kemarit]

Market is so volatile so expect that we have bad trends coming just like what happen last days but we cannot expect more huge dumps just like what happen before since there are big institutions are backing up bitcoin and just like what many expect bitcoin price regains its foot and goes back at $55,000 level, few steps ahead and we will get back at $60,000 again which is still high possibility to happen this year. But I'm still not closing the thought's about dumping more so lets just see what will happen next to its movement.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

And to add up, this was because of this event.

https://u.today/this-tweet-just-erased-288-billion-from-crypto-market-cap

The tweet had been already deleted or not avialable.
https://twitter.com/Fxhedgers/status/1383611847144730626

FUD is never a new thing.

Just discuss this fud to my friends earlier and we didn't believe about that tweet since we know its a manipulative act by the whales to create panic to the weak hands and seems they are pretty much effective since successfully move the market for just spreading that fake information. So for newbie traders better to learn from this since if they keep listening to more upcoming fuds they will lose more money if they will get panic easily.

We haven't heard anything about it after this tweet, so for now we should threat this as sort of FUD to sow on noobs investors so that they will panic and push the sell button. It's just sad though that many are still affected by this FUD.

We shouldn't listen to them anymore, this is 2021, we should all have matured enough to learn that they are still people who wanted to bring the market so that they can buy cheap bitcoin agains through manipulation like this.

[SquallLeonhart]

We haven't heard anything about it after this tweet, so for now we should threat this as sort of FUD to sow on noobs investors so that they will panic and push the sell button. It's just sad though that many are still affected by this FUD.

We shouldn't listen to them anymore, this is 2021, we should all have matured enough to learn that they are still people who wanted to bring the market so that they can buy cheap bitcoin agains through manipulation like this.

I just see it as someone's trick to get cheaper prices. Market manipulators are too clever as they somehow manged to create a FUD by involving US government's action against institutional funds for money laundry charges. Spreading FUDs against bitcoin in terms of money laundering is not a new thing but here they tried by involving what is too hot on bitcoin ecosystem right now and that is the reason this FUD pulled bitcoin markets below $51k levels from $60k+ levels. Still as per OP, bitcoin remains stronger above $50k which is a good thing regardless what is happening around bitcoins.

[slaman29]

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

That's true for one season so far and this season hasn't really gotten to the middle so we can't say for sure (or I can't say for sure) until it's over and I can experience it myself.

Below $50k will definitely make a lot of analysts say it's truly over but too soon to call any shots until we see serious activity on exchanges and Bitcoin gets hashpower back!

[Fatunad]

As you said, just more dips to buy into:)

Bitcoin cannot be bullish forever, its just a certain season where we can enjoy what we have accumulated in the past, and the way I see it, it looks like bitcoin is going down below $50k soon, then it will floor to a lower price, just like before, it could even dump $10k and below, we just don't know but at least we know that it's possible based on the history of bitcoin.

That's true for one season so far and this season hasn't really gotten to the middle so we can't say for sure (or I can't say for sure) until it's over and I can experience it myself.

Below $50k will definitely make a lot of analysts say it's truly over but too soon to call any shots until we see serious activity on exchanges and Bitcoin gets hashpower back!

Does below $50k can be considered to be already the start of bearish market? Who knows. and we arent that far off as the price is going down at the moment and if it cant able to sustain nor able to stop by those support
then we might be seeing further dips as of this month or even to the next but the movement is just really slow for us to consider that we are already on the dumping situation.Lets see on what would be the future months
to come and in regards with the price.If it dips out then why not take the opportunity to buy?

Buying while its dipping isnt something an easy decision to make but its up to someone if he could take on the risk.

[coin-investor]

We shouldn't listen to them anymore, this is 2021, we should all have matured enough to learn that they are still people who wanted to bring the market so that they can buy cheap bitcoin agains through manipulation like this.

There are always people who will want the market to go down, it will give them an opportunity to buy at a cheaper price, if there are shillers, there are Fudders, and they always have hidden agenda, this is a strategy that sometimes works in the market, we have matured investors who know the structure of the market and they know the stability of the market, I don't think Bitcoin will go below $50k, the support is so strong that it will stand these FUDS.

[xSkylarx]

With the quick bounce few days ago when flash crash happened I think it's not possible to go below that price. And if that happens, many buyers are prepared to buy at those prices. We saw from the quick crash a few days ago that it quickly bounce when it hit $50k. If bears manage to break that price then it is really a good opportunity for some people to enter the crypto space. I have some backup stablecoins so I am prepared if that will really happen. That is the perfect time to buy some cheap altcoins.

[bitzizzix]

I consider what happens with the news and the movement of bitcoin is still normal, because every time there is an increase there must be a decrease, even though I think the decline in bitcoin prices will not exceed 50k.
and besides that every time there is good news about bitcoin there is also bad news that will come, and things like that will definitely be everywhere and with anyone no one is perfect, and how we respond wisely and intelligently.

[beerlover]

With the quick bounce few days ago when flash crash happened I think it's not possible to go below that price. And if that happens, many buyers are prepared to buy at those prices. We saw from the quick crash a few days ago that it quickly bounce when it hit $50k. If bears manage to break that price then it is really a good opportunity for some people to enter the crypto space. I have some backup stablecoins so I am prepared if that will really happen. That is the perfect time to buy some cheap altcoins.

Never say "not possible" in bitcoin world, whatever you think that is impossible would definitely become more than possible very easily. Bitcoin was 20k at some point and dropped as much as 3k, that means it could very well be 8k by the same logic. I am not saying it will be 8k, I think it will probably stay above 20k if you ask me however I wouldn't be shocked about anything under 20k neither, I wouldn't be shocked about under 5k neither, this is bitcoin we could become 150k+ or we could become 5k and both of which would be possible in my mind.

It is really harder to reach 5k nowadays, it would have to crash like 95% or something for that to happen and I am sure that will not happen, however even with that rare chance of it, I would still say it could happen. This is 5k I am talking about, think how possible it is to drop just few more thousand dollars.

[Raflesia]

I consider what happens with the news and the movement of bitcoin is still normal, because every time there is an increase there must be a decrease, even though I think the decline in bitcoin prices will not exceed 50k.
and besides that every time there is good news about bitcoin there is also bad news that will come, and things like that will definitely be everywhere and with anyone no one is perfect, and how we respond wisely and intelligently.

Something that often happens but the correction is still continuing, until now the lowest point is still happening what we see maybe a little panic even though we can enter from that to buy at a low price.
If we look at the news, there are a lot of FUD news which causes many people to shake about the current state of bitcoin but even with good news, we always appreciate why FUD news always appears when it is at the peak, this is indeed a natural thing and we Can you see how much this correction will be completed?