Bitcoin will never go below $50,000 again

[quins]

based on my opinion the BTC right now is not low because of our current situation, its because we are still facing a pandemic more demand and this transaction is being used by prominent people as of now.

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[BChydro]

Bitcoin will maybe go below 50k$ but not this year,  ...

I think you are very right here. Net cycle bear market will bottom right around $50k price market so very patient traders will be able to buy Bitcoin at $50k about two years from now. Of course $50k Bitcoin then will be a big doom and gloom.

I think it is wishful thinking to expect the market to be bottom around $50k. i am expecting the price to have a major correction later this year or early next year because we need to understand that the rally started earlier this year if you compare the rest of the rallies and hence i am expecting the bull run to end early, only time will tell whether my speculation or yours will win in the end .

[ubercool]

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

[proudhon]

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Very easy to go below $50k and probably will this week. Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore. It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

[arwin100]

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Very easy to go below $50k and probably will this week. Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore. It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

How many times we see such thing? Many times bitcoin land at $50k below spot guess what happen? The price pump again since many people are securing to fill their bags for better results, see what happem to them and they are happy earners. I don't know if we can go to $10k level since for now bitcoin is strong and there's a huge support from it to not go below on that said figures. Maybe we cannot see it by this year but if that really happens then its time to fill our bags again and hodl.

[STT]

I got 47k as bottom of the range so we can step over that limit a little at least as it would fit into prior price action anyhow. 




Very basic but quite reasonable, this is the action since Feb pretty much and early Feb this range low was visible as something of a ceiling of course the big number of 50k was some hesitation.  Breaking back under the 47k  bottom part of the box we're in would likely mean we explore prices across the whole rally even back to before xmas which is not the bullish scenario some have come to expect.    Just staying within this boxed in range should be considered normal I think.   As we've failed to break upwards that kind of repeat is what Im looking for in a very general sense.

[Yaunfitda]

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

It's probably because majority of us still thinks that we are in a bull cycle, including me.

Don't you worry about ETH eating bitcoin's dominance, I think this is healthy for us in the long run. We might have to stay in the $50k-$55k range. But once we had a good break out run, for sure $60k-$70k will be the next targer. We have seen this kind of movement before and this could be normal. Just a matter of time, and for us, we should continue to accumulate at this price range.

[pooya87]

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price.

It is normal for people on this forum to answer this way when the price is in a sideways action like the past week. Ask a similar question when price breaks $60k and reaches $70k in a week about if bitcoin is going to go to $200k in a month and they would answer yes!

We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Another normal thing each time bitcoin stabilizes or goes sideways, the shitcoin get pumped. It doesn't change anything about bitcoin's future rises though.

[DU18]

Another normal thing each time bitcoin stabilizes or goes sideways, the shitcoin get pumped. It doesn't change anything about bitcoin's future rises though.

In recent days, ethereum has had a fairly large dominance and the effect is that ethereum has experienced a fairly large increase in prices in the market, in contrast to what happened to bitcoin which has experienced relatively stable price movements and tends to decline in price, although not too drastically, but in these conditions it will usually be many people buy bitcoin so that the demand for bitcoin continues to increase and it is likely that the price of Bitcoin will go back up, even though currently the price of bitcoin is very high but of course it is not a barrier for people to invest.

[Febo]

Bitcoin will maybe go below 50k$ but not this year,  ...

I think you are very right here. Net cycle bear market will bottom right around $50k price market so very patient traders will be able to buy Bitcoin at $50k about two years from now. Of course $50k Bitcoin then will be a big doom and gloom.

I think it is wishful thinking to expect the market to be bottom around $50k. i am expecting the price to have a major correction later this year or early next year because we need to understand that the rally started earlier this year if you compare the rest of the rallies and hence i am expecting the bull run to end early, only time will tell whether my speculation or yours will win in the end .

How it started early? In January 2017 Bitcoin reached old ATH of $1100. So we can say Bitcoin rally started then and lasted until December 2017. 11 months. In December 2020 Bitcoin reached old ATH at $20k.  And right now is at about 2.5 of old ATH, the same as was end of Spring 2017.  To me bull runs look identical and top should be expected in November this year much higher as is price of Bitcoin right now.

[Oilacris]

More than 50% have answered NO, and probably right. It'll be harder for BTC to go below 50k$ and stay there for a long time as there are lots of investors who will gladly buy below 50k$ price. We have already seen that happening but ETH is eating up the crypto dominance which might trigger a btc pump in the future so look out for that.

Very easy to go below $50k and probably will this week. Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore. It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

How many times we see such thing? Many times bitcoin land at $50k below spot guess what happen? The price pump again since many people are securing to fill their bags for better results, see what happem to them and they are happy earners. I don't know if we can go to $10k level since for now bitcoin is strong and there's a huge support from it to not go below on that said figures. Maybe we cannot see it by this year but if that really happens then its time to fill our bags again and hodl.

Nothing is actually assured into this market and its up to someone if they can risk out money to get in while its still cheaper compared it was an hour or a day ago.

Its a matter of choice but its true and i agree on what you had said that we have seen many times on how this market behaves even though on a very unpredictable manner but at least

you can be fully aware on how it behaves and with that you can presume things out and make out specific actions basing into those experiences.

[TheEconomists]

You sounded too optimistic in your believe that Bitcoin will never drop down to $40k per coin. In as much as you gave some cogent reason to back up your being optimistic I still believe anything can happen in the crypto currency market at any time. There are people who are despirate to make huge profit and they will to buy at the cheaper rate in other for them to more profit.
So many market speculators say all this in 2017 when Bitcoin price reached $19k and they surprised when it drop to $3,500 in the year 2018.

[The Sceptical Chymist]

Most people are looking at targets around 200 to 300 thousand dollars by November

Even though I don't think bitcoin is going to fall below $50k by November (or probably this year for that matter), I don't think it's going that high in 2021.  Nor do I really want it to, because that much growth in that little time would mean that a bubble had formed--and we all know what happens to bubbles eventually.  If we saw steady growth in bitcoin's price by late 2022 I could see that happening, and I'd be fine with that, but not this year.

And I'd never rule out bitcoin falling below $X, whatever value you want to put on X.  The OP was written last month when it was above $60k and look where it is now ($55k as I write this).  It wouldn't be much of a stretch for bitcoin to sink under that $50k mark, and I'd bet it would do it sooner rather than later if it happens at all.

[skarais]

And I'd never rule out bitcoin falling below $X, whatever value you want to put on X.  The OP was written last month when it was above $60k and look where it is now ($55k as I write this).  It wouldn't be much of a stretch for bitcoin to sink under that $50k mark, and I'd bet it would do it sooner rather than later if it happens at all.

This mean there is no guarantee that the bitcoin price will stay above $50K until December 2021 due to price volatility. Some time ago bitcoin fell below $50K before starting to recover after some time. So far, institutional investor have supported the growing adoption and existence of bitcoin as a profitable investment asset. If they can make the bitcoin price go up high, then they can make the price go down in my opinion. I'm not sure the bitcoin price wouldn't dump any further if they decided to sell all the bitcoins they previously bought for a low price.

[Smitty Werben Man Jensen]

Strong support is indeed at $ 45k to $ 50k, if it returns below $ 50k then Bitcoin can still recover again,
just like last time, when the Bitcoin price experienced a correction below $ 50k and within a few days the increase occurred again,
and new ath happened. At over $ 60k, of course if you think bitcoin will not go under $ 50k is stupid, anything can happen guys!

[Chato1977]

I think i need to Bump this now, because bitcoin goes down to below 50k and nearing to fall below 40k .

based on my opinion the BTC right now is not low because of our current situation, its because we are still facing a pandemic more demand and this transaction is being used by prominent people as of now.

It's not about the low value but if this will fall to below 50,000$

[Slow death]

Very easy to go below $50k and probably will this week.

your peximism was right, although it is the result of a great coincidence because the price only dropped because of tesla. but it did not break the support that is in the $44000 which shows that it will be back to the $55000

Bitcoin is collapsing right now because more people are learning how it has failed don't want it anymore.

For years people have known about the downside of bitcoin and that has never stopped them from liking and buying bitcoin, it will not be today that something would change. look at the bitcoin price that you clearly see is not falling very much because people are optimistic about bitcoin in the long run

It's already been mathematically proven by science that bitcoin cannot sustain prices above $10k long term and it is regressing to a healthier price below $10k while it dies.

can you show us this math?

[Zemomtum]

This has been broken and that is what you can obtain from a market that is highly volatile, the price action is mostly unpredictable. I am looking toward 40 - 45K BTC before we can see any major movement upward.

[TheEconomists]

Most people are looking at targets around 200 to 300 thousand dollars by November

Even though I don't think bitcoin is going to fall below $50k by November (or probably this year for that matter), I don't think it's going that high in 2021.  

Hope you will now change your perception of upward trend of Bitcoin market value based on what happened today with Bitcoin price and to now believe that whatever goes up must surely come down one day. Anything can happen in the crypto currency market and we equally have at the back of our mind that the market price is determine by the fources of demand and supply.

[Baofeng]

This has been broken and that is what you can obtain from a market that is highly volatile, the price action is mostly unpredictable. I am looking toward 40 - 45K BTC before we can see any major movement upward.

This will be the lowest low for this month, and it's probably can go down to $45k as well.

In any case, I read that Elon Musk statement could have affected the price negatively today. But I doubt that this will have a long term effect, maybe after this down side, we might see another major movement and a good break-out run. And I would say that we don't need to panic, this is just another test. We've seen the price going below $50k this month and recovered. The same thing will happen here.