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

[DoublerHunter]

^^ 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.

^ I think this is normal when it comes to the month of December, we have more holidays at this month and it could be traders and investors need their money. Something like there is someone who pulled out their assets. But yes, I don't see any reason why BTC will go down beyond $40k, in fact, we are still in a bull market if we compare the last previous price. We were just for it, those people who have willing to wait and be patient will most likely have a reward at the end of the day.

[nhaila]

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?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

[romero121]

^^ 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.

^ I think this is normal when it comes to the month of December, we have more holidays at this month and it could be traders and investors need their money. Something like there is someone who pulled out their assets. But yes, I don't see any reason why BTC will go down beyond $40k, in fact, we are still in a bull market if we compare the last previous price. We were just for it, those people who have willing to wait and be patient will most likely have a reward at the end of the day.

December month used to be different from the rest of the months due to the holidays. For that reason it isn't possible to come to a conclusion about the market trend. The market have been dragging within limits, this is a pattern of resistance gain for the market to get pushed. For some reason if the resistance isn't attained automatically the market drops. Based on this it is good to have patience, but how far the market gonna change in the short term is completely dependent on the inflow of money.

[slaman29]

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

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

Um duh man of course we all do. People have been saying about the end of Bitcoin markets for 10 years now, just like people have been predicting the end of the world since we learned how to write lol

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

[Shasha80]

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!

Maybe this year is a little different from previous years, entering 2021 the rise in Bitcoin and altcoins has been incredible,  even in 2021 Bitcoin
has reached ATH several times. So I'm sure a lot of investors will make big profits this year. Because I feel very satisfied with the profit I made
this year, at least I think to spend some of the profit I made this year for a vacation at the end of the year. So I've cashed out  for this year-end
vacation, maybe quite a lot of people are doing the same thing as what I've been doing. Therefore, December 2021 is different  from what happened
in December 2020. But maybe my thinking is wrong, because honestly it is difficult to predict crypto price movements.

[michellee]

Maybe this year is a little different from previous years, entering 2021 the rise in Bitcoin and altcoins has been incredible,  even in 2021 Bitcoin
has reached ATH several times. So I'm sure a lot of investors will make big profits this year. Because I feel very satisfied with the profit I made
this year, at least I think to spend some of the profit I made this year for a vacation at the end of the year. So I've cashed out  for this year-end
vacation, maybe quite a lot of people are doing the same thing as what I've been doing. Therefore, December 2021 is different  from what happened
in December 2020. But maybe my thinking is wrong, because honestly it is difficult to predict crypto price movements.

From this year, bitcoin will be different in the next years as the adoption can increase higher and people awareness will also increase. But behind that, we need to be careful and still keep an eye on bitcoin price because the price can drop anytime and we have seen this many times.

It is better to take a break for a while at the end of this year to enjoy our profit before so when we come back to crypto, hopefully, the situation can change to better and we can back at the right time. Maybe this situation will be like this until the end of this year as the price is not trying to move to the high price and only stay at the current level price.

[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!

Maybe this year is a little different from previous years, entering 2021 the rise in Bitcoin and altcoins has been incredible,  even in 2021 Bitcoin
has reached ATH several times. So I'm sure a lot of investors will make big profits this year. Because I feel very satisfied with the profit I made
this year, at least I think to spend some of the profit I made this year for a vacation at the end of the year. So I've cashed out  for this year-end
vacation, maybe quite a lot of people are doing the same thing as what I've been doing. Therefore, December 2021 is different  from what happened
in December 2020. But maybe my thinking is wrong, because honestly it is difficult to predict crypto price movements.

Note that I never said what is going to happen to price now. It may go up or it may stay here or it may drop more but whatever it does (including if it were to drop another 30% for example) it will NOT be because it is Christmas.

Keep in mind that I'm talking about bitcoin not altcoins. Crypto (ie. altcoin) market is all pump and dumps and can not be predicted while we can predict bitcoin to some extent because most of the times the bitcoin price movements are logical.

[btc_angela]

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

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

Um duh man of course we all do. People have been saying about the end of Bitcoin markets for 10 years now, just like people have been predicting the end of the world since we learned how to write lol

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

But most people don't put reasoning behind it as it is base on pure speculation.

At least that is the case for $100k argument, although there could be model out there predicting that it will hit this year, but sadly the market turn sour now and is heading to a bearish trend.

And as you have said, I could be wrong, maybe in the first quarter we will have this $100k, for all we know.

[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.

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.

Yeah, it could not been worst because we have seen the price just hovering above $45k, but the resistance at $50k is too much too overcome right now. So December is still very volatile in my book.

Not sure if this is not a bear market indication, but again, we don't want to expect something big and we have to prepare eventually. Accumulating might be a good idea specially if you are for the long term in this market. But what I'm saying is that bear market will have to enter the picture at some point in time.

[EdenHazard]

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

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

Um duh man of course we all do. People have been saying about the end of Bitcoin markets for 10 years now, just like people have been predicting the end of the world since we learned how to write lol

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

It's a real roller coaster ! crypto market always had that and people loving play the game of predicting price during that dip and ATH time then suddenly forgot that there is a swing time where the market move like thesedays ..
it's indeed great to see bitcoin keep hitting the ATH and seeing your portofolio increased drastically to the moon.

but let's be honest to ourselves .. that it wont last forever. last week we are sitting back to $50k trying to get the new ath etc but now it looks like we are going down to $40k line

[Slow death]

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?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

bitcoin is not going to end up what is happening is normal and that happens in any market, when many people bought bitcoin for the price of $32000 a few months ago these people would eventually sell for profit and this is what is happening now, when the market hits a fund where there will no longer be selling pressure, will start to rise in price because it will have more buyers and fewer sellers, and just as it has worked for years

[milewilda]

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?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

bitcoin is not going to end up what is happening is normal and that happens in any market, when many people bought bitcoin for the price of $32000 a few months ago these people would eventually sell for profit and this is what is happening now, when the market hits a fund where there will no longer be selling pressure, will start to rise in price because it will have more buyers and fewer sellers, and just as it has worked for years

Not only for years but actually on when this market had started up.This had been only composed with buyers and sellers on the first place which means price couldnt really just stay up on static
which means that price could move on different levels which means that it could neither stay up or down on a specific level because everything will vary on the demand
on the entire market.For now the only thing you could do is to go with the flow and make out decisions according on price movement and this is
where results or outcomes do really differ out.

[Fritwakky]

The cryptocurrency market is getting nervous as it is uncertain what will happen in the next few days. Looking at the historical charts, prices are still in an upward trend, but if we look at the last three months, the situation changes very much. There is a risk that we will enter the short-term bear market, and this is causing that prices of many altcoins will drop significantly.  In my opinion, the probability that prices will remain low for the next two or three months is very likely.

[slaman29]

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

But most people don't put reasoning behind it as it is base on pure speculation.

At least that is the case for $100k argument, although there could be model out there predicting that it will hit this year, but sadly the market turn sour now and is heading to a bearish trend.

And as you have said, I could be wrong, maybe in the first quarter we will have this $100k, for all we know.

The worse thing that could happen now, in my opinion, is that suddenly Bitcoin goes super crazy and heads to 100k by 31 December. It sounds nice right and probably all the alts will go even crazier but this would mean more than 2x in 10 days, and this means again another 2017 effort just even more wild.

If that happens, we will see another super winter of -90% from ATH, I would guess.

[el kaka22]

It has been a great green day for all of crypto today, I know that not many people were ready for it but I have said that the decrease in price will have to stop somehow and some day. We are talking about gradual but bigger profits whenever one direction is taken for too long. If we are dropping for many days in a row, the increase in price will profit you more than just shooting right back up after a fall, or if it has been gradually going up then it will profit you more to short it than crashing as soon as it goes up.

Basically no matter what direction crypto goes, if it slowly does it for a long period of time, leverage and margin trading for that direction will grow bigger and bigger so going against that momentum will gain you bigger profit. This is why I knew that since the price was dropping gradually for a while now, it was just matter of time for it to recover. It can't crash right away since it is not profitable, so we need to wait for it to stay here for a while and then decide the direction.

[STT]

Price target upwards will be near the top of the biggest red candle on this chart, basically this must be surmounted and established as a new base camp ready to provide support for further action.  When that occurs you have climbed and secured your position in order to fully have a foothold.



So that looks at about 54k, that would help seal this negative action seen recently.   So far we are rising and there is the idea its outlasted the negative trend but its not fully formed until we get that greater target.

[bitterguy28]

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.

[bakasabo]

I am sure that you will return faster, if Bitcoin will be about to update its ATH. And it is nearly impossible to forget about investment for such a long period. You will initially spot cryptocurrency prices here and there (google has already gathered some data about you and created a profile with a desired links and ads to show you), and will calculate what is your portfolio worth right now. Once you are "in business" it is impossible to leave.

On the topic - seems that cryptocurrency is returning its positions. Previously the day was: prices up on the first half of the day, and then go down in the evening. So far we are on several days growth.

[jaberwock]

I have to say that 50k+ is important but 60k+ is even more important. We always get closer to 50k whenever we drop under it, it is always easy, we go above it very easily as well and then drop but then recover again and drop again but it's fine.

What we really need to do is stay above 60k, that is the real trouble, sure go under 60k a small bit but not too much, never drop under 55k, and always try to be like 57-63 range and that's the real great thing. I am not saying that it is impossible but I feel like it is definitely something that is challenging to do. If we can arrange that, then we are going to reach to many new ATH prices and we are going to end up with a lot better results.

[kawetsriyanto]

last week we are sitting back to $50k trying to get the new ath etc but now it looks like we are going down to $40k line

Your prediction is likely untrue, we aren't going to $40k. Please check Bitcoin price today, it is already above $50k again. Not sure if BTC price is trying to stay above $50k but I guess BTC correction+sideway is over. If there is no bad news again, we are ready to go to the next ATH. Except, this is a bullish trap, then we probably prepare for another huge drop.

In my opinion, the probability that prices will remain low for the next two or three months is very likely.

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. Right now, these two possibilities can happen, still no clear sign of which one to go. However, personally, I still believe that Bitcoin bullish isn't over yet.