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

[savetheFORUM]

If Bitcoin will reach again another ATH, the decline should end in the near future. But if we are going to a bearish phase, the low price phase will last until the next halving.

Already bitcoin started its recovery and from here we do not need to worry about the decline anymore.
If bearish trend starts from here it may persist for next 10 to 12 months not definitely not till the next halving (as per previous 4 year cycle).

personally, I still believe that Bitcoin bullish isn't over yet.

As we have not experienced the FOMO phase like what we had in last 2 cycles, most bitcoiners feel like we are going to have extended bullish trend this time. Only time could answer for this. Anything could happen; but when following the hype on media, we may expect about another good rally toward $100k at the minimum.

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[buwaytress]

Just noticed the time of OP and we're back here again. Wasn't expecting it, but I guess Christmas seems to be a marker for some bulls anyway. Doesn't look very strong if I'm honest, but better to stay here and keep these levels for a week til end of year then seesaw wildly in the same period methinks.

When we gonna be chomping at the bit?

[bitgolden]

Just noticed the time of OP and we're back here again. Wasn't expecting it, but I guess Christmas seems to be a marker for some bulls anyway. Doesn't look very strong if I'm honest, but better to stay here and keep these levels for a week til end of year then seesaw wildly in the same period methinks.

When we gonna be chomping at the bit?

I keep saying that people end up spending money for the holidays and then they get the bonus at the end of the year or during Christmas and that's when the price starts to go back up. We literally had that, we had people who spent money beforehand, probably most around second week of December, and then on the third week we end up going up because they started to get their bonus, which will continue all throughout the world until first of new year, then we will stabilize again.

I am guessing whatever increase we have in the upcoming week will be the biggest one for a while and then for another week or two we may end up with a bit more calm  markets that doesn't move too much.

[EdenHazard]

Just noticed the time of OP and we're back here again. Wasn't expecting it, but I guess Christmas seems to be a marker for some bulls anyway. Doesn't look very strong if I'm honest, but better to stay here and keep these levels for a week til end of year then seesaw wildly in the same period methinks.

When we gonna be chomping at the bit?

The new year hasnt arrived yet tho , so i would expect another hard drop inconmmmming

at least till next month we might suffering multiple times, the support lines seems so weak while the sell waves keep hitting hard.
stiĺl there is a lot of reasons to keep buying or simply scalping it.

[Oasisman]

If Bitcoin will reach again another ATH, the decline should end in the near future. But if we are going to a bearish phase, the low price phase will last until the next halving.

Already bitcoin started its recovery and from here we do not need to worry about the decline anymore.
If bearish trend starts from here it may persist for next 10 to 12 months not definitely not till the next halving (as per previous 4 year cycle).

After Bitcoin made a short recovery, I as well is a bit confident that If we have to on a bearish trend It wouldn't be as sharp as the 2018 bearish run. It could be around $30k-$40k.
The most fortunate scenario to happen is, Bitcoin would just stay and play around the $50k level as a consolidation period before It will make another run in the next few months.
It could actually happen imo, because institutions and retail investors doesn't want to miss the $100k anticipated price so they'll keep buying fractions after fractions once Bitcoin had a significant dip.

[wxa7115]

Bitcoin price has just managed to breach the $50,000 resistance level after crashing below it on December 4th and hitting its lowest point since late September. The recovery above $50k could have greater implications, of course, as it might signal the start of a new rally. However, whether or not that will truly happen has yet to be seen.

Just days after your post Bitcoin once again fell down hard to below 45k , and until now struggling to at least make it back to 50k

is this sounds like Bullish or Bear coming?

I'm tired of speculating that is why i decided to forget about my investment for at least this whole year and the 2 quarters of 2022.

I  may be back tracking in the 3rd quarter next year.

If you are only invested in bitcoin then this is something that you can to without too much of a problem, however if you have invested in altcoins as well then this is not something that I would recommend as the volatility of the altcoin market is so extreme that if you take your eyes out of your investment you could lose your capital rather quickly.

Still even if you are only invested in bitcoin I think that it is a good idea to check the price at least once a day, it only takes you a few seconds to do so and in the case there is something wrong with the markets you can react quickly enough to protect yourself, something that is not possible if you decide to forget about your investments for 6 months.

[STT]

I think we could be clear upto around 53k then invariably there is sellers especially into the new year.  We can resolve upwards but seems even this moderate rally must be challenged along the way.



Here on daily bars the majority of volume still appears to be with the decline similarly from this price point of 53614.  So we are within the range of that whole bar while going sideways since but we have not expanded beyond that initial set of prices defined on that one day of the largest red candle.

[Dave1]

^^ Yeah, as New year approaches, maybe there are some who are going to sell so I don't see the price hitting $53k, my best guestimate is that it will still be where we at right now, as high as $51k.

Right now we are ~$50k, meaning there are some sell off that is happening already and people are taking profits from the last 3 days of having a green candle.

[buwaytress]

When we gonna be chomping at the bit?

The new year hasnt arrived yet tho , so i would expect another hard drop inconmmmming

at least till next month we might suffering multiple times, the support lines seems so weak while the sell waves keep hitting hard.
stiĺl there is a lot of reasons to keep buying or simply scalping it.

Yeah, we've lost the 50k support I was hoping to hold on for a week but another hard drop incoming? Volume still isn't convincing enough for me either way, so scalping isn't attractive either I'd say. But oh well, happy to sit and see.

I keep saying that people end up spending money for the holidays and then they get the bonus at the end of the year or during Christmas and that's when the price starts to go back up. We literally had that, we had people who spent money beforehand, probably most around second week of December, and then on the third week we end up going up because they started to get their bonus, which will continue all throughout the world until first of new year, then we will stabilize again.

I am guessing whatever increase we have in the upcoming week will be the biggest one for a while and then for another week or two we may end up with a bit more calm  markets that doesn't move too much.

Right after the liquidated to get gifts and pay those annual taxes? Possibly, but again I talk about volumes and retail numbers aren't coming in thick and heavy enough to suggest there's any real impact from there. And to hark back on analysts all saying the age of retail is over and institutional money's at the reins. Not exactly true either huh.

[Oceat]

^^ Yeah, as New year approaches, maybe there are some who are going to sell so I don't see the price hitting $53k, my best guestimate is that it will still be where we at right now, as high as $51k.

Right now we are ~$50k, meaning there are some sell off that is happening already and people are taking profits from the last 3 days of having a green candle.

It is more likely going to be the same as staying $47k to $49k in the past few days so basically it would bounce back and forth to $50k to $52k within this month or so. And next year might be different than this year, we just need some kind of a bullish news that would create a FOMO in order to pump the Bitcoin price.

But I don't think that's going to happen next month, it will probably gonna happen in February or so and I hope there won't be too much FUD during that time since it's most likely Bitcoin would dump slowly until we see red candles everywhere.

[GbitG]

^^ Yeah, as New year approaches, maybe there are some who are going to sell so I don't see the price hitting $53k, my best guestimate is that it will still be where we at right now, as high as $51k.

Right now we are ~$50k, meaning there are some sell off that is happening already and people are taking profits from the last 3 days of having a green candle.

It is more likely going to be the same as staying $47k to $49k in the past few days so basically it would bounce back and forth to $50k to $52k within this month or so. And next year might be different than this year, we just need some kind of a bullish news that would create a FOMO in order to pump the Bitcoin price.

But I don't think that's going to happen next month, it will probably gonna happen in February or so and I hope there won't be too much FUD during that time since it's most likely Bitcoin would dump slowly until we see red candles everywhere.

There were some expectations about this price so mostly feeling if It's going to touch figure like $53K to $55K during next few days then surely we will have some good bull run in very early days of January but if again It's down and touch $47K then we will have to wait for next bull run and good price. With currently few peoples having profit taking I am feeling we will stay here around $50K and not going above or down so most chances next bull run will be happened in February or end of January.
Any good news can give good bull and any FUD or any bad news from any side again can give us some serious which can stay for some time in this market.

[Vaskiy]

The price that was moving between $47k and $49k have crossed the $50k mark which was under discussion for a long. The major trend line support is being broken and the market is in the urge of testing the mid range support of $53k. It looks like the market is trying to reach $53k, but the movement were happening as if moving between $49k and $51k. Breaking the $53k barrier turns the market bullish. Getting rejected will lead to the drop below $50k.

[ubg]

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

[Yaunfitda]

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

Yep, we should, and I was saying before, if the price didn't end up above $50k at the end of the year, we might see a bear market in 2022. But it seems that we have been hovering $50k-$51k in the last couple of days so we have a good chance of still having a good price although very far from what everyone wanted to see, a six digit price.

But in any case, we are still in the middle of it all, neither bull or bearish trend. Still really up to us where do we want to go next year. Maybe in the first quarter, the price could still go up and reaches all time high.

[Distinctin]

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

Yep, we should, and I was saying before, if the price didn't end up above $50k at the end of the year, we might see a bear market in 2022. But it seems that we have been hovering $50k-$51k in the last couple of days so we have a good chance of still having a good price although very far from what everyone wanted to see, a six digit price.

But in any case, we are still in the middle of it all, neither bull or bearish trend. Still really up to us where do we want to go next year. Maybe in the first quarter, the price could still go up and reaches all time high.

I think we are in a bull trap as we have seen bitcoin surpassing already $50k and when i check it now, its price is back to $49k. But i do hope that we will have a positive price for bitcoin before this year ends as i'm looking forward for positive news that will come along and affect the market. But if bitcoin won't make it this time, then we will look forward for a bull run by next year. I believe that we are still set to witness a bull run before the bear season will start setting in.

[Reatim]

Bitcoin again break 50k couple days ago but did not manage staying long , from there the price is Up and down from 49k to 51k meaning the barricade is in 52k and I don't know if we are having some good result as the days are fading for 2021.
Hoping that at least 60k will be reached before this year ends.

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

stop dreaming , 3 days to come and still want to believe that there is a incoming Pump? lol in the years passed days like this usually a dumping time and not pumping as the growth happened supposedly in early days of december.

[cabron]

Bitcoin again break 50k couple days ago but did not manage staying long , from there the price is Up and down from 49k to 51k meaning the barricade is in 52k and I don't know if we are having some good result as the days are fading for 2021.
Hoping that at least 60k will be reached before this year ends.

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

stop dreaming , 3 days to come and still want to believe that there is a incoming Pump? lol in the years passed days like this usually a dumping time and not pumping as the growth happened supposedly in early days of december.

It's struggling to rise. Feels very manipulated but it could be that more people cashing out.

It will go up to $50k later when traders least expect. It's a crazy market that price can change overnight so it will not be surprising if the price will also jump to $60k overnight and back again to $45k liquidating the money in the futures market. It wouldn't be funny for the people in that market so those who hold only will benefit from this kind of seesaw.

[Chato1977]

It's struggling to rise. Feels very manipulated but it could be that more people cashing out.

I don't think that it is because people is cashing out this holiday season because we have already reached 50k again actually 51k but cannot climb another high, maybe you are correct that is is manipulated and nothing more.
Big investors are playing with the market price because small investors is now in the verge of selling .

[sirminesalot]

It's struggling to rise. Feels very manipulated but it could be that more people cashing out.

It will go up to $50k later when traders least expect. It's a crazy market that price can change overnight so it will not be surprising if the price will also jump to $60k overnight and back again to $45k liquidating the money in the futures market. It wouldn't be funny for the people in that market so those who hold only will benefit from this kind of seesaw.

The resistance is so trong to break, it always fail to rise maybe it's already like 3rd times in this month it looks has a chance to break the resistance but it always fail.
Many people got trapped this time, i think when there are a lot of people so confident about the bull run, the price will be declined by the whales and when we are think it's a bull trap then that time the whales are pumping hard