Hey! it's $50k today.

[arwin100]

-snip-

• An upwards trend from $50k
• An downwards movement from here

Downwards movements? That is not even an option anymore. But it had done the needed correction already, and for this, it should be buying for more than a year from now. The breach again of $40,243 and the stability above the level made me know that the market was rebounding, and also the breach again of $43,606 and holding above it was another indication that it is bullish. The two levels were and remain the determinants, and holding above them means a sure positive trend for Bitcoin.

As it is, I believe that Bitcoin could only make a correction, and this can't be a long one because the short and long-term trends are now bullish. If the asset will move lower at all, I do not see it moving beyond $45,000-$46,000 for now, which makes it a bullish market, and we should try to enjoy it while it lasts. The stability above $50,000 is also important at this point in time, and if that level is able to hold and more daily close are seen above it, then we can expect to see Bitcoin hitting the all-time high of about $69,000 sooner than people think.

We cannot take out some possibilities that there will be a correction to happen since usually this will happen after bitcoin get a good pump. But we don't know how far the correction goes but I believe it will not take below $40k down since we are in bullish situation now where everything is starting to get a hype so provably if that one happen for sure there's also a major comeback will happen and another milestone will be reach.

For now lets enjoy what we see on the market and celebrate bitcoin for reaching at $50k level since it somehow means that there are more and we can possibly see a new ATH to be break this year.

If there's stability of price will happen I guess we would see it at $45k-$50k and after that once bitcoin halving nearly approaching then there's high chance that we an see more bigger pumps.

[nimogsm]

As a crypto lover, I really welcome the current increase in BTC and it has reached 50K, but I am still not too optimistic about whether the price will continue to rise and it is even possible that there will be a correction again after the recent increase. It's still fresh in our memories when the Bitcoin Spot ETF was accepted, the BTC price immediately went up high after just a few days and immediately dropped again.

I think everyone supports it (except for those who did not have time to buy before the price rose). The expected correction has already begun and the price is already 49k, but this does not greatly affect the general mood of traders. What is more important is that the price of 50k was successfully tested and there was an understanding that this is possible this season and this is a good result before the halving. If the same positive dynamics continue, the price may be even higher, which will be very beneficial for those who did not sell during the price correction.

[Don Pedro Dinero]

The expected correction has already begun and the price is already 49k, but this does not greatly affect the general mood of traders. What is more important is that the price of 50k was successfully tested and there was an understanding that this is possible this season and this is a good result before the halving. If the same positive dynamics continue, the price may be even higher, which will be very beneficial for those who did not sell during the price correction.

I very much doubt that the price will go above $60,000 before halving. Normally before halvings and after a bear market there is a rise but nowhere near the previous ath, which seems to be what is happening. From after the halving onwards we can have more illusions about the break of ath and how far the price can go in the cycle. Until then I expect ups and downs.

[ivankoh]

The expected correction has already begun and the price is already 49k, but this does not greatly affect the general mood of traders. What is more important is that the price of 50k was successfully tested and there was an understanding that this is possible this season and this is a good result before the halving. If the same positive dynamics continue, the price may be even higher, which will be very beneficial for those who did not sell during the price correction.

I very much doubt that the price will go above $60,000 before halving. Normally before halvings and after a bear market there is a rise but nowhere near the previous ath, which seems to be what is happening. From after the halving onwards we can have more illusions about the break of ath and how far the price can go in the cycle. Until then I expect ups and downs.

I am also optimistic with this scenario, perhaps February is still a bullish launch picture, the 50k threshold has been reached and the next could be 55k-60k, but its sustainability comes before the April halving I suspect there will be a correction in March. Then repeat the bullish sideway scenario and increase the price. I think the macro bullrun will only start when bitcoin surpasses its allh at $69k. Who knew it would be the end of this year?

[YUriy1991]

I am also optimistic with this scenario, perhaps February is still a bullish launch picture, the 50k threshold has been reached and the next could be 55k-60k, but its sustainability comes before the April halving I suspect there will be a correction in March. Then repeat the bullish sideway scenario and increase the price. I think the macro bullrun will only start when bitcoin surpasses its allh at $69k. Who knew it would be the end of this year?

Very true and very relevant as you mean above where the price will increase as demand increases and so will the value of BTC flows and at least BTC has proven its performance after the last drop to the world and hopefully reach 100K by the end of this year too.

[philipma1957]

well we did drop back pretty hard 50.4k is now only 48.6k

We are kind of bullish.   But real bull would be 85k after the ½ ing.

[GeorgeJohn]

Lagos not be highly excited because of the increment on Bitcoin in reaching fifty thousand [50k] because there is every tendency that the price of Bitcoin might be retrace to another point so it is an advantages to who so ever that is intention investment and also for people who invested when the price was low so there are the people that is in benefit right now.

It is obvious that you may get tomorrow and the price of Bitcoin reduce to thirty thousand [30k] within some space of time because in cryptocurrency network it is obvious that they prices always fluctuates celebrating the price of Bitcoin reaching to this point I think is somehow not worth it because the current price of Bitcoin has never been strong as usual

[skarais]

well we did drop back pretty hard 50.4k is now only 48.6k

The lowest price in the last hour was $48,300, but of course that was a bit of a disappointment. Panic is inevitable, perhaps because there are still many people who think that getting returns today is much better than holding longer.

We are kind of bullish.   But real bull would be 85k after the ½ ing.

I agree with you, price will go higher after halving. If bitcoin reaches a price of $55k before the halving, then it is very likely that the price will not be able to survive for long without major selling pressure. Recovery efforts are underway, but will likely fail due to high selling pressure.

[tabas]

-snip-

The majority of the analysis that I am seeing tells that it is going to be followed by a dump. Yeah, this is quite too early to see before the halving but once this breaks the confidence of those analyses, as usual, Bitcoin is always unpredictable and that's what people must predict and expect from it. So, if there are analyses that tell that before or after the halving it is going down. That's okay but the result still depends on the demand and how it is coping up with the adoptions like the actual volume that it is getting from the Bitcoin ETF spot. And don't be surprised everyone when fees go higher as well.

I'm not sure why they made such an analysis - but in their hearts they probably expected the price to rise to the moon. It's hard to guess where it will actually go once $50K is hit - personally I expect $55K higher to be reached before the halving although there will be some minor corrections.

Well - finally $50K is a reality again after last being touched in late December 2021.

It's been 2 years since we've seen that price and again it has been followed up by a dump and that's normal. $48k then $49k, and for sure that is going to be back to $50k lines and more again. Those analyses that they've made, I think they're normal and they've got their own basis base on how they read the market. If it's not for these moves and some news that had been caused of it or the actuality of the effect of the ETF, we're not going to see it quite early this time. But then, we still have ample time before the halving and what's next for its main effect that might be seen after several months.

[Doan9269]

Hey Stop! 🛑

Look around, it is $50,000


Can you now see the effect of the ETF approval?

What do you think...

• An upwards trend from $50k
• An downwards movement from here

Bitcoin has just been amazing this days with its recent market performance, attaining the $50,000 is what we never expected to come this fast, the market has been more volatile and then for the benefits of those that hodl, they are going to make the very nice beginning to the entry to their own season of bullrun after the halving, so i will rather say that this is just a little taste of the bite on how the bullrun is going to look like when we are all into it fully, so if you're not holding, i don't know what you're still waiting for.

[Dailyscript]

It has touched $50k twice today and dropped, and the highest of it as of today, which I witnessed, was at $50,300, and this is just contrary to Hhampuz prediction on the wall observer. I never expected it to happen this quickly.
 
We might likely see it reach $51-$55k before the price starts correcting again. We have seen a lot of this quick movement before, so I don't think I should be too excited over this one. A bull run is around the corner, but I don't think this can lead us to that without the price dropping back down a little.

You may not seem to be excited about bitcoin reaching $50k maybe because of your financial level and the amount of bitcoin you have accumulated. You need it to go higher before you can be happy about it. But for a pleb like me who has invested in the little income i get every month, i am super excited that the price hits $50k which i have been expecting for quite some time. Although the reason why i am excited is because seeing it reach this price in the first quarter of 2024 gives me much assurance that it will reach an all-time high before or by the end of the year, it is very certain. For someone like me, I have developed more confidence that I can invest more in buying bitcoin.

On the other hand, there is no certainty that the price will rise to an all time high without going below the $50k. I expect to see some movements during this month and some consolation without exceeding $53k until the end of the month.

[GeorgeJohn]

It has touched $50k twice today and dropped, and the highest of it as of today, which I witnessed, was at $50,300, and this is just contrary to Hhampuz prediction on the wall observer. I never expected it to happen this quickly.
 
We might likely see it reach $51-$55k before the price starts correcting again. We have seen a lot of this quick movement before, so I don't think I should be too excited over this one. A bull run is around the corner, but I don't think this can lead us to that without the price dropping back down a little.

You may not seem to be excited about bitcoin reaching $50k maybe because of your financial level and the amount of bitcoin you have accumulated. You need it to go higher before you can be happy about it. But for a pleb like me who has invested in the little income i get every month, i am super excited that the price hits $50k which i have been expecting for quite some time. Although the reason why i am excited is because seeing it reach this price in the first quarter of 2024 gives me much assurance that it will reach an all-time high before or by the end of the year, it is very certain. For someone like me, I have developed more confidence that I can invest more in buying bitcoin.

On the other hand, there is no certainty that the price will rise to an all time high without going below the $50k. I expect to see some movements during this month and some consolation without exceeding $53k until the end of the month.

actually it is obvious that whoever that I have or that have accumulated Bitcoin will it be excited as the price of Bitcoin hit fifty thousand [50k] why those people who have a lesser bitcoin in their wallet, will not be excited because of the value of bitcoin they have and depending the time they bought the Bitcoin, so people that will be of high benefit for the increment of Bitcoin is people who protects 2 years ago and the whole have surplus Bitcoin in their wallet it is now that there have a benefit because bitcoin might increase more than this particular value and it can also fall at any point in time.

[philipma1957]

This is what we are talking about, a pump that is closer to its peak.
Now, the question is can you still buy at this level or you will take profit now and buy more once the market corrects. Be careful with the trend for now and wait for other signal before you make decisions, know that the market will always have its own correction, though if Bitcoin can sustain its momentum in this level then we might see more pumps this month.

Maybe you are correct. We go flat and down. I can tell you from the mining viewpoint times are treacherous.

A miner will need 8 cents a th and six cent power to be in a good spot.

So right now we are at 8.6 cents a th.  But it will drop to 7.9 cents due to the rise in difficulty this will happen in 2 days.

With the 1/2 ing coming very soon 8 cents a th turns into 4 cents a th. This makes all gear shit at six  power. Unless you have s21 gear which will have a 1500 day roi if it comes after the 1/2 ing.

So miners are really looking to see 60k by march and close to 70k by April 1.

BTW numbers like that before the 1/2 rings tend to not happen. Traditionally  miners have a 2-3 month hard times period right at the 1/2 ing.

Should be fun to see this as this time most mining is large farms by large companies. the small guy is out of this market.

and the answer to your pool is done as we fell to 48.6k since you asked the question.

[Yaunfitda]

-snip-

The majority of the analysis that I am seeing tells that it is going to be followed by a dump. Yeah, this is quite too early to see before the halving but once this breaks the confidence of those analyses, as usual, Bitcoin is always unpredictable and that's what people must predict and expect from it. So, if there are analyses that tell that before or after the halving it is going down. That's okay but the result still depends on the demand and how it is coping up with the adoptions like the actual volume that it is getting from the Bitcoin ETF spot. And don't be surprised everyone when fees go higher as well.

I'm not sure why they made such an analysis - but in their hearts they probably expected the price to rise to the moon. It's hard to guess where it will actually go once $50K is hit - personally I expect $55K higher to be reached before the halving although there will be some minor corrections.

Well - finally $50K is a reality again after last being touched in late December 2021.

It's been 2 years since we've seen that price and again it has been followed up by a dump and that's normal. $48k then $49k, and for sure that is going to be back to $50k lines and more again. Those analyses that they've made, I think they're normal and they've got their own basis base on how they read the market. If it's not for these moves and some news that had been caused of it or the actuality of the effect of the ETF, we're not going to see it quite early this time. But then, we still have ample time before the halving and what's next for its main effect that might be seen after several months.

I check the price and currently it's in the lows of $49k, maybe there's a dump already, but at least it's not that huge. But we will see, most of the time as per experience, if we see this kind of whole numbers, investors then to sell and make profits. We can understand that, that's how everyone makes money, but perhaps there will be no big retracement just like what we previously seen from $45k-$39k. So exciting times ahead specially for newbies to see the big $50k. This is just the beginning though, this whole bull cycle, we might see a x2 or x3 or that current price so just HODL and continue to buy is the better strategy than selling.

[STT]

Consolidation above 50k is extremely bullish, if I had to rate the performance and potential then it ranks top grade so far.   Ideally we end the week in such a state but so far so good.  Above the weekly average, todays performance is just closing above the 12hr average and a good recovery. 
  Most noticeable point to take away from today is price action fell to the last high for 2024 and found it as support.   Thats good to see if thats the pullback performed complete then we improve from here its acting positively.

[_BlackStar]

-snip-

It's been 2 years since we've seen that price and again it has been followed up by a dump and that's normal. $48k then $49k, and for sure that is going to be back to $50k lines and more again. Those analyses that they've made, I think they're normal and they've got their own basis base on how they read the market. If it's not for these moves and some news that had been caused of it or the actuality of the effect of the ETF, we're not going to see it quite early this time. But then, we still have ample time before the halving and what's next for its main effect that might be seen after several months.

It's unclear what caused the current price drop - but I think Grayscale or something else is the reason behind it all. I don't think some legacy wallet woke up and suddenly dumped their bitcoin when the price was above $50K - so I'm going to ignore that reasoning from what I saw today.

As I write - the price of bitcoin is trade at around $49,500, which is not bad after previously hitting its low point at $48,300. I believe this is a normal correction after the price of bitcoin pumped past $50K yesterday - but it took a little time to bounce back above $50K.

[lalabotax]

So miners are really looking to see 60k by march and close to 70k by April 1.

Is it possible to reach $60k in March and raise to $70k in April?
TBH, I'm curious how you get that number. I'm sorry because I'm just an amateur, I don't understand how to analyze it.
Please let me know if you have the explanation, friend. 

and the answer to your pool is done as we fell to 48.6k since you asked the question.

According to Coinmarketcap, the lowest price today is $48,4k.
However, I'm not really sure if it is the lowest price. I think we still have a chance to see a dump and the price drops lower than $48,4k.
Do you think the Bitcoin price will survive about $48k?

As I write - the price of bitcoin is trade at around $49,500, which is not bad after previously hitting its low point at $48,300. I believe this is a normal correction after the price of bitcoin pumped past $50K yesterday - but it took a little time to bounce back above $50K.

Now, the Bitcoin price is around $51,5k - $51,6k. Sure, it is a normal correction, I'm not so afraid it drops to $48k. I even predicted the price may drop to $45k - $46k. Luckily, the price is above $51k, it is the opposite of my prediction for a lower rate. It seems the price to try raising more, it doesn't want to stop a very long time.

[Reatim]

Hey Stop! 🛑

Look around, it is $50,000


Can you now see the effect of the ETF approval?

What do you think...

• An upwards trend from $50k
• An downwards movement from here

Voted for  Upwards trend up to bull run. dumping is enough and we are now looking to growth into the bull market.

Still pending in above 50k , was hoping to see 55k any time soon but I think this will not happen , as I am thinking this is another bull trapping like what had happened in the past specially when halving is coming.

[KingsDen]

So miners are really looking to see 60k by march and close to 70k by April 1.

Is it possible to reach $60k in March and raise to $70k in April?
TBH, I'm curious how you get that number. I'm sorry because I'm just an amateur, I don't understand how to analyze it.
Please let me know if you have the explanation, friend. 

Even without asking questions on how it will happen, you can obviously see that it is happening. We are still in February and we are in the range of 52k. Just one major pull will take us to 60k.

Voted for  Upwards trend up to bull run. dumping is enough and we are now looking to growth into the bull market.

Still pending in above 50k , was hoping to see 55k any time soon but I think this will not happen , as I am thinking this is another bull trapping like what had happened in the past specially when halving is coming.

Nice vote...
It seems that the 55k is about to happen as the market is at 52 range and still looking bullish. But then I think the market will drop to 40 range before halving and the anticipated bull run.

[GeorgeJohn]

It has touched $50k twice today and dropped, and the highest of it as of today, which I witnessed, was at $50,300, and this is just contrary to Hhampuz prediction on the wall observer. I never expected it to happen this quickly.

I always emphasize on this point that during increment of Bitcoin you don't have to be much excited or Jubilate about it because there's every tendency that the price might slide immediately the price hit to the expectation of everyone and it to might fall as I said, let us notice that or remember that it is not a prediction that makes the increment of Bitcoin it is because of the quantity of demand and the supply that is determine the increment of Bitcoin in the market so that can also affect the increment of Bitcoin because when the supply is higher than the demand the market will crash, so bitcoin reaching fifty thousand [50k] can fall at any point in time if the demands is lower than the supply.

Bitcoin finally chosen the right direction after weeks of consolidation, and first time we see the price react positively with such an interesting movement in the since after the Bitcoin spot ETF approval, So this recent move price target in the coming weeks and months is towards $61k-$69k, but from my analysis we may face resistance at $52k-$53k, $55k before we could see the price beginning to ease up its current upward momentum.

I know quite well that the price of Bitcoin will it retrace if it happened to hit sixty thousand [60k] but it will find it very difficult to reach to this specific amount because I know quite well that far back 2017 bitcoin hit sixty nine thousand [69k] but later fall back to its base so what is the cause of it is because of the same demand and the supply I have been emphasizing on, not be surprised that are bitcoin is accelerating from fifty one thousand to fifty two thousand right now, it might fall within a short time due to investors and fake information, so I'm surprised of getting to this point.