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Question: BTC is $50k today, what's your projection from here.
BTC will progress from $50k to bull run - 19 (61.3%)
BTC will fall below $50k before bull run - 12 (38.7%)
Total Voters: 31

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Author Topic: Hey! it's $50k today.  (Read 956 times)
_BlackStar
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February 12, 2024, 10:36:39 PM
 #21

-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.

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February 12, 2024, 11:03:58 PM
 #22

The price isn't stable right now and it increased more than $50k before falling again under this barrier level. Right now and depending from exchanges, the price is around $49,980k. I don't know if there will be a huge correction right now although I think it will occur at some point but I find the tendance of the market is in favour of more price rise.
It's expected that there will be a price correction when the price surges.
But I have a strong feeling that the Bitcoin price will continue to grow like it reaches $55k and then slightly have a correction.

Most replies on the first page were right, long-term holding is the best idea at all.
Remember that halving isn't yet to come and we always anticipate a good result after on it.  Either what's the reason Bitcoin pumping up but IMO, it's a sign that there will be a new ATH will come, it's almost there.

Let's see what will happen next.

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February 12, 2024, 11:16:36 PM
 #23

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 is $50,000 which is really exciting moment. Bitcoin is moving at its own pace and will continue to move at its own pace I don't see any ETF approvals affecting the price of Bitcoin at this point. I think bitcoin will go higher from here but maybe $57,000 and then lower. But since Bitcoin is 50 thousand dollars every investor is in profit at the moment.  But those who hesitated to invest but could not invest today started feeling very bad. That is why it is always better to use DCA method for investing. Those who could not invest today but are in a good position to invest, if they had used the DCA method, would still be in a good position today.

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February 12, 2024, 11:44:36 PM
 #24


Can you now see the effect of the ETF approval?


Would the price be at $50k if the halvening was 1 year away from now? Or 2 years?

When there's a halvening-induced bull cycle, people tend to attribute the price to everything but the halvening to make it feel more natural. Institutuional investemtns, billionaires buying, legal tender status, huge predictions from influential people, baseless rumours - everything is proposed as an explanation for the price growth, and yet when the same events happen in a bear market, they don't move the price even by 1%.

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February 12, 2024, 11:45:42 PM
 #25

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 hit $50 which has every Bitcoin investor and myself in a lot of excitement. I am currently in a lot of profit as the market goes to $50 by investing in Bitcoin. It is certain that the market will grow further but there is no reason to worry that it may be partially down. I plan to hold my bitcoin for a long time until the new ATH of bitcoin is created. Many may be anxious to sell bitcoins seeing this bitcoin market growth but I will try to keep calm for now as I know bitcoin is on target to reach its new ATH very soon.

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February 13, 2024, 12:22:13 AM
 #26

Hey bro!
I was actually surprised to see that as well was like is this real or what, The last time i check bitcoin price was around $45k and today I have to check and I noticed that it was already $50k plus before the much selling pressure trying to hold it within that price. I believe the selling pressure is much more of buying pressure meaning it might be around $49k to $50k for the next 24hrs or more, but with the strength bitcoin is pulling I doubt if 24hrs is not too small for it to achieve $53k.

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February 13, 2024, 02:19:27 AM
 #27

It's not $50,000 to bull run because $50,000 is part of the bull run already. I think we are already at the early stage of the bull run, not the beginning. Just 3 weeks ago, the price was just around $38,000. A week ago, the price has already climbed to $42,000. And then here we are now hitting $50,000. This doesn't look like a sudden spike due to somebody or a company doing a lump sum one-time purchase. I think this is going to be like this for a relatively longer period until an ATH is reached. Small corrections are of course natural every now and then while going there.
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February 13, 2024, 02:39:35 AM
 #28

What do you think...
  • An upwards trend from $50k
  • An downwards movement from here

These discussions are always repeated, as traders believe that the upward trend will continue once the previous resistance level is broken. Once $38,000 was broken, speculation moved to $42,000, then $47,000, and now I see some people talking about $60,000, but the price needs some correction. The price started moving away from the 50-day Simple Moving Average (SMA) at $43,351. We still have strong resistance levels at $52,000 and $55,000



The correction is coming, but the fact that we touched $50,000 indicates the strength of financial flows for ETFs and institutional money.

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February 13, 2024, 03:03:34 AM
 #29

I do not call this $50k was an expected one. Because, I was expecting a reverse before touching $50k levels through profit booking by both short and long term holders but surprisingly we are able to hold above $50k levels as of now. It seems now we may test $54k levels before seeing any short term corrections. But, we cannot be sure how market is going to be in ETF era. Because, we have all-new demand in bitcoin ecosystem which may help bitcoin to sustain in higher levels unusually.

Halving could be another reason along with increased number of bitcoin investors. Usually around the times of halving, bitcoin does trade up to the levels oh half of previous ATH but seems like we are going to new kind of market by upcoming halving. I am really excited to have bitcoin market near to ATH by the times of halving.

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February 13, 2024, 03:41:39 AM
 #30

Frankly, I didn't expect the $50k this soon. I was speculating it would be in March or even April before halving date. Despite the crash from $47k+ after the ETF news, I wasn't moved a bit that Bitcoin would relapse into a dump. I saw that as a correction and an opportunity to redistribute Bitcoin. Those who didn't buy before the ETF had a great entry opportunity. Those who didn't also buy after the retracement will also have another opportunity again as I expect price correction from this $50k. Surely, there will be. I wouldn't rush to buy on FOMO now if I were an investor. Wait a while for price to dip a bit. Bitcoin is on an upward trajectory. Whether the ETF happened or not, Bitcoin would still have been on an upward move. It's the circle. Halving pushes Bitcoin price every circle. Newbies should take note of that. It relates with the basic law of demand and supply.

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February 13, 2024, 04:05:57 AM
 #31

I remember back in 2021 when we broke $50K. I assumed it would be the top and sold a few bitcoins prior to that. However we broke thru it like butter and then I assumed we would get resistance at the $75K area or the $100K CAD or AUD area which is where those weaker currencies have their $100K psychological number, which is around $75K USD.

However we topped at $69K and would of never guessed we would of stopped there. Most likely nobody did. Every one was saying $100K was on the books and now we got people saying we will go to $250K or a $1M.

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February 13, 2024, 04:39:06 AM
 #32

I think, this is the time to remain focus in the market on the time and not to be distracted by the $50,000 that hit the market few hours ago, because what is coming before the end of this year will be very massive to holders and it will cause a lot of Bitcoin investors huge amount of reward. Now that the price of Bitcoin increased to $50,000, which many investors has started releasing their bitcoins to the market to achieve different incomes but I still have that faith that the price will still increase above what we are seeing in the second week of February. If you can exercise patience in your holding before the end of this month, you will see another side of the market that will make you to believe that this year is full of bullish market.

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February 13, 2024, 04:55:35 AM
 #33

After two long years, Bitcoin crossed the $50,000 mark again. This is the highest pick since the new bitcoin halving. Those who invested in Bitcoin and planned to hold for the long term have won this time i.e. "HODL is GOLD" in their case. The Bitcoin market is so uncertain that it can go through any situation or environment at any time. Buying Bitcoin before the next halving will definitely be better, so it would be wiser to plan for a long-term holding.

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February 13, 2024, 06:38:09 AM
 #34

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.

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February 13, 2024, 07:42:55 AM
 #35

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
ETF or not, we would really be going in these numbers, its actually inevitable but of course ETF did really contribute on the said sentiment or condition but there's no assurance if it was really the main reason
and as we all know and been wary that we do have that kind of upcoming event which is halving season. I do always have those kind of assumptions that the market will really make out some bump
before it would really be making up some correction later on. Well, its really good to see for Bitcoin to be back on 50k price point on which we know that it was 2 years ago since this price had been sighted.
I wont be shocked if we would be able to hit up 60K or making some new all time high but well im expected for some nasty dump.

For those who do able to secure on buying back into those dips then it wont really be that bad on securing their profits now and for those who are skeptical on buying
then i would really be making some entry when the market do make out some corrections or decrease on which this is always been that normal stuff.

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February 13, 2024, 10:12:39 AM
 #36

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
I told him to stop, but he still kept trying to fight to get up again. Smiley
From $50,081.30, it again increased by more than 4% within 24 hours.
This rate is expected to continue to increase until the end of February which is full of love.

Perhaps the increase in price which has reached $50,200 in the second week of February is the answer for those who are pessimistic about several events such as ETFs and the approach of the Bitcoin halving.
Very happy to wait for the most historic moment because I have never experienced it directly like ATH before.
Hopefully my new ATH can take part in it.

R


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February 13, 2024, 10:42:21 AM
 #37

-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.

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February 13, 2024, 10:42:56 AM
 #38

These discussions are always repeated, as traders believe that the upward trend will continue once the previous resistance level is broken. Once $38,000 was broken, speculation moved to $42,000, then $47,000, and now I see some people talking about $60,000, but the price needs some correction. The price started moving away from the 50-day Simple Moving Average (SMA) at $43,351. We still have strong resistance levels at $52,000 and $55,000



The correction is coming, but the fact that we touched $50,000 indicates the strength of financial flows for ETFs and institutional money.
It is true that the price needs some corrections, but before the correction, it might move to 55k, such that it will correct back to 52k region. The market is still showing signs of bullish, which shows that there will be another upwards movement. I am saying this based on the result of the poll and statement of the people. But then no one can be too sure of the market, anything unpredictable can happen but then we are still confident because it is BTC.

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.
The incident of price increase on the goodnews of ETF approval and later crashed was because people who were holding before the ETF approval decided to sell and have another opportunity to enter the market for the sake of the upcoming bull run.

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February 13, 2024, 10:52:48 AM
 #39

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
F*ck, yeah! Bitcoin once again set the heat for haters everyone. $50,000 looks like an important (passed) psychological barrier, followed by $100,000. But I predict (without having a magic crystal ball) that the movement to new heights will not be linear and the cryptomarket will probably go down for some time, and maybe several times.

Congratulations to everyone who waited for $50k milestone and this can only mean one thing - we are on the threshold of a new cycle. The bulls are already tearing up in the stalls!

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February 13, 2024, 12:14:16 PM
 #40

Yes finally Bitcoins crossed 50k usd. This indicates that definitely we are in a bull run and the price will go up very soon very high. We just need to keep the demand to accumulate the coins high and the price will go up definitely.
Many are expecting that the price will go up to 100k USD. Hence we just need to show trust in the coin and show patience while holding. Definitely we will make the profit.

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