Bitcoin Finally Climbs Back Above $50k, but can it Remain there?

[Fatunad]

Some people must have panicked when they saw the price of bitcoin dropped drastically far below the price it was bought for.

The reason why the price keeps dropping is because of the FUD that keeps spreading, it was small investors who were afraid to lose their investment.  Once they heard a short correction, they quickly pulled out their investment and convert it into fiat.
Some reason that I have doubt that there's a long price correction because of a long panic selling and didn't quickly recover because of this scenario.

But I didn't expect that there's a big downtrend this year, I still saw a healthy market that could probably the price will increase by next year.  It's pretty normal during this season Bitcoin will drop due to the yearly activities.

and let's not forget that the adoption today is very different than a year or couple of years ago. so hard to compare what may happen to the market as for me, this is just the typical up and down movement that you can expect in any market. we can't also pinpoint the reason(s) why we have seemingly bearish period. but come to think of it, comparing the price today even at 48k as last year's price of the same period, it was only more than 19k. what am trying to say here is we can't say we are in the bearish period if we refer from last year's price. so we can have different conclusions here with respect to when we are comparing this period.

Adoption rate or recognition is totally on different level in todays time compared into those previous years that we had passed on.Which we can tell that the price couldnt really crash off in a short span of time.Well, there might be some in depth corrections but it does takes time or move in gradual behaviour rather than on direct crash or correction leaving out people into losses.
Now the price is below 50k at the moment but it is  starting to climb up again and watching to be on that 50k level again.Thing here is that you do
know on what you are doing and utilize these movements to make profits.

[1714727570]

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[Hypnosis00]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

[Botnake]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

Definitely, price recovery will take place in its perfect time. But for now, the market remains so unstable that anytime bitcoin price will recover from $50k, and then the next hours we will see again falling down to $48k or $49k. Well, despite of the current scenario, we should still focus on being positive and keep being calm so we will never resort into making decisions that will probably make us regret in the end. Hodling is still the best thing to do for now as bitcoin will always recover even how many dips will come.

[BitcoinAccepted]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

Definitely, price recovery will take place in its perfect time. But for now, the market remains so unstable that anytime bitcoin price will recover from $50k, and then the next hours we will see again falling down to $48k or $49k. Well, despite of the current scenario, we should still focus on being positive and keep being calm so we will never resort into making decisions that will probably make us regret in the end. Hodling is still the best thing to do for now as bitcoin will always recover even how many dips will come.

That’s true. We have seen how Bitcoin falls but then climbs back again after some time throughout the years. Honestly, it is not really realistic that Bitcoin will remain, like stagnantly, on its increased value, considering that it exists on a volatile market. But isn’t that the thing with crypto,  the changes in value allows us to be able to buy and sell on the right time and earn profit. We have experience all of these before, we should stay calm and wait for the time to make wise decisions.

[Kasabus]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

Definitely, price recovery will take place in its perfect time. But for now, the market remains so unstable that anytime bitcoin price will recover from $50k, and then the next hours we will see again falling down to $48k or $49k. Well, despite of the current scenario, we should still focus on being positive and keep being calm so we will never resort into making decisions that will probably make us regret in the end. Hodling is still the best thing to do for now as bitcoin will always recover even how many dips will come.

That’s true. We have seen how Bitcoin falls but then climbs back again after some time throughout the years. Honestly, it is not really realistic that Bitcoin will remain, like stagnantly, on its increased value, considering that it exists on a volatile market. But isn’t that the thing with crypto,  the changes in value allows us to be able to buy and sell on the right time and earn profit. We have experience all of these before, we should stay calm and wait for the time to make wise decisions.

With bitcoin having high volatility, it's not surprising that its prices will always fluctuate from time to time especially if there are sudden news that will affect the market, and i think we should get used to it. Bitcoin at the moment is very close to $50k again with its price at $49,168 but it has higher chances to drop down again due to the current correction. So considering the situation right now, i can't really tell if bitcoin will stay in $50k above or settle below than that. But as long as bitcoin remains highly volatile, there will be bigger chances that it will soon to recover again and ended up its price going to the moon again.

[bakasabo]

I cant say that Bitcoin finally starts climbing back, it just stopped falling down. I continue to observer how the price goes up during day, and goes back in the evening. On a day graph it is seen clearly. But in quarter or half a year period it looks more like a line to me. So it is not climbing. Its price is above $49k, but by the end of the day I expect a price drop again. Hard to believe we will see a real growth any time soon. Previously, recent Elon Musk tweet would push the price up, but this time it managed only to shake cryptocurrency market.

[Jating]

I cant say that Bitcoin finally starts climbing back, it just stopped falling down. I continue to observer how the price goes up during day, and goes back in the evening. On a day graph it is seen clearly. But in quarter or half a year period it looks more like a line to me. So it is not climbing. Its price is above $49k, but by the end of the day I expect a price drop again. Hard to believe we will see a real growth any time soon. Previously, recent Elon Musk tweet would push the price up, but this time it managed only to shake cryptocurrency market.

It's been more than a month from our last all time high and after that the price dip that currently we are having time overcoming that big $50k resistance right now

So we will never known, perhaps the market will continue this way up to the end of the year.

Or maybe we still have some bull run that will push the price to somewhat around $52k.

Regarding Elon Musk tweet, I think we are done with him that's why his tweet has no effect in the market already. He no longer has the influence like he has before.

[TinaK]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That's a good insight, that could be the reason the bitcoin price didn't fall that much and as we can see, it's playing around $45k+ price range and it almost hit the $50k right at this moment.

I don't think that bitcoin has a massive fall this year and hopefully, it will not, I have heard rumors from experts predicting that there's a chance that bitcoin will reach another ATH by next year.

You guys don't pay attention too much with Elon Musk, the more people will react the more he will maybe manipulate the market through his influence.

[asrinur]

Bitcoin price is still in a downward trend in price. Since the last month it seems that it has not been a good period for Bitcoin. Until now the price of bitcoin continues to be under pressure. although the price of bitcoin had broken through the $50k price level again last week, it didn't last long. even now the price of bitcoin is still declining at the level of $46k-$48k.

[slaman29]

Tomorrow's the day for 50k this is my personal no nonsense prediction that is based entirely on thin air and not knowing anything about the market.

And then we will see new 70k ATH by New Year followed by a slow slow slow rally in 2022 to 100k.

Hey, if other people can predict it so can I right?

[STT]

Current target to beat is weekly average then the level at about 51k or so which would be in line with the pattern of decline from the ATH.     If it cant stay above the decline trend then surely it must continue below any support shown in recent lows, for now both possibilities have resulted in price going sideways.

[Shasha80]

Bitcoin price is still in a downward trend in price. Since the last month it seems that it has not been a good period for Bitcoin. Until now the price of bitcoin continues to be under pressure. although the price of bitcoin had broken through the $50k price level again last week, it didn't last long. even now the price of bitcoin is still declining at the level of $46k-$48k.

It seems that Bitcoin still needs time to rise again above the $50k price, because now the price of Bitcoin is back below the price of $50k.
Especially approaching Christmas and New Year, there will be many people selling their Bitcoins to celebrate Christmas and the new year
with their families. So it is likely that Bitcoin will drop even lower in the near future, I predict Bitcoin price will recover possibly in early 2022.
So now is actually an opportunity to collect Bitcoin, or just hold the Bitcoin that we have. Most importantly, my advice is don't panic if the Bitcoin
price will fall in the near future, because it's only temporary, as long as we don't sell our Bitcoins at low prices. We still haven't lost and there is
still an opportunity to make profit from Bitcoin.

[BitcoinAccepted]

With bitcoin having high volatility, it's not surprising that its prices will always fluctuate from time to time especially if there are sudden news that will affect the market, and i think we should get used to it. Bitcoin at the moment is very close to $50k again with its price at $49,168 but it has higher chances to drop down again due to the current correction. So considering the situation right now, i can't really tell if bitcoin will stay in $50k above or settle below than that. But as long as bitcoin remains highly volatile, there will be bigger chances that it will soon to recover again and ended up its price going to the moon again.

Indeed. Bitcoin’s volatility may seem like a negative feature but on the contrary, it is one of the many factors that has been keeping bitcoin or the cryptocurrencies rather, to still recover after each fall and even increase in value. So in every correction, the faith, patience and determination of users will really determine if one will earn profit or incur losses.

[kotajikikox]

if we will going to record in posting every return of Bitcoin then this forum will be filled with so much same posts each day?

Bitcoin had already climbed back and fort at 60k, then at 50k, then at 40k. even in 30k or below so what will be the next post then?

Yes Bitcoin break 50k once more but yet stays lower this moment for week now .

[pooya87]

Especially approaching Christmas and New Year, there will be many people selling their Bitcoins to celebrate Christmas and the new year

This is a false guess that is repeated every year and it still makes no sense. Take last year for example, around the same time people were expecting a lot of sells due to Christmas but price actually went up from $18000 to $34000 by the end of December 2020. That was almost a 2x rise!

[arufox]

Although the bitcoin price had broken through the $50k level, it only lasted 1 day because after that the price dropped back to the $46k level. I see the current bitcoin price decline is not over yet and also the market panic is still happening. Therefore, I expect the short-term sell-off to continue, and the bitcoin price may drop to near the $42k resistance level.

[bitgolden]

Although the bitcoin price had broken through the $50k level, it only lasted 1 day because after that the price dropped back to the $46k level. I see the current bitcoin price decline is not over yet and also the market panic is still happening. Therefore, I expect the short-term sell-off to continue, and the bitcoin price may drop to near the $42k resistance level.

I would say it did that before and that is the reason why people are not worried all that much to be honest. I mean imagine this, if you are so sure of something happening, and it has happened many times before, how long would it take for you to get scared when that happens again?

For example, you are a pianist and you learn new songs all the time, and you learned many songs this way, so you start a new one and you fail to play it perfectly, it takes time for you to play perfectly, you have learned hundreds maybe over a thousand songs and play them perfectly but this one song took more than all others, how long until you give up or just get scared that you won't be able to? If you have confidence then you would know that you will conquer that as well. This is where crypto is right now, we have conquered it many times before, and if you have confidence in it, you will know that it will do it again.

[Slow death]

now we are approaching the danger zone that are:

- $44000

- $41500

- $39,000

  the price cannot fall below $44000 and stay there because it will run the risk of falling to $39000 and consequently we would see $32000 in case it falls below $39000

[Baofeng]

^^ We are just above $44k right now, but still in the very dangerous levels at $46k so we are not out of the bear market. On the contrary, we might stay at this price range until the end of the year, which is not a good indication for the next coming 2022 as we might be really entering a bearish scenario similar to 2018. So hopefully though, things will change still next year and we remain in the bullish state at least in the first quarter and hit another all time high.

[wxa7115]

^^ We are just above $44k right now, but still in the very dangerous levels at $46k so we are not out of the bear market. On the contrary, we might stay at this price range until the end of the year, which is not a good indication for the next coming 2022 as we might be really entering a bearish scenario similar to 2018. So hopefully though, things will change still next year and we remain in the bullish state at least in the first quarter and hit another all time high.

I do not know, personally it does not seem that we are headed to such a crushing bear market as the one we suffered after the bull run of 2017, it is true the price is having problems remaining above 50k but it is not as if the price is at risk of going below 40k either.

It seems that this December is going to be less volatile than what we were expecting, but that is not as bad either, it is natural that markets during the middle of a bull run experiment periods in which the price is just ranging, so I think that what we are seeing right now is not an indication of a bear market that is coming, rather the market participants are just taking their time and are accumulating more coins before the bull run continues.