Hey! it's $50k today.

[LogitechMouse]

~
Can you now see the effect of the ETF approval?

What do you think...

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

Effect of ETF approval? I guess so because the demand is too high compared to the total number of Bitcoins being created thus, increasing its price.

We've seen the price of Bitcoin above $50,000 for a week now, and I'm thinking that it might just continue to go up. The sentiment is bullish right now with the market, and with the bull market being anticipated, many want to ride on the train, so many might buy more hence, increasing its price. I don't see any reason as to why Bitcoin can go down. Grayscale is done selling their BTC already, and we are seeing the effects of Bitcoin ETFs already. Well, I'm bullish on Bitcoin for this year, but it will not be a smooth road of course.

Downwards movement? If there's a piece of negative news maybe. I mean the US stock market is kind of bullish right now, and the S&P500 just had its new ATH,  and both are correlated with each other. TBH, I don't see any reason for Bitcoin to go down below $50,000 at least for the next 2-3 weeks.

[BITCOIN4X]

~Snip

Downwards movement? If there's a piece of negative news maybe. I mean the US stock market is kind of bullish right now, and the S&P500 just had its new ATH,  and both are correlated with each other. TBH, I don't see any reason for Bitcoin to go down below $50,000 at least for the next 2-3 weeks.

That may be true, but in the last hour the price of bitcoin has tested the $50k support although now the price is back above $51k. Positive sentiment will not be maintained forever, so even though we are optimistic about waiting for bigger movements, the trend can change quickly.

Some people panic too much when corrections occur and this usually results in price dumping, and in the last 4 days I can confirm that the daily trading volume seems to continue to be less. This indicates a correction and today it occurred.

[dezoel]

Finally, after so much waiting and predictions, we are seeing bitcoin is sustaining above $50k. Now the question is whether it will be able to stay afloat above it or it will dive down again. The price movements we have seen these days seem quite strong, and I feel like the market isn't going to go down much from this point and we are probably heading towards the bull run from this point onwards.

To be honest, I wasn't expecting Bitcoin to hit $50k even before the halving event or even the month in which the halving is going to take place, but it surprised me, and now I feel that it is going to go around the previous all-time high even before the halving event and then we might see it getting stable a bit after the halving until it starts going up again after a few months.

[Wiwo]

Bitcoin ETF came with a lot of hype and positivity for bitcoin and many bitcoin investors think and prediction of a new all-time high market before the next block size reductions,  although we may not be certain about that,  but also we may lack the analytical tools or data to speculate accurately what will happen in the next couple of weeks to months to come,  but before then we have to enjoy the positive impact of the ETF approval that has ushered in a new price dispensation.

So for sure, it may have been delayed before the positive effects of the ETF approval but then we have it now and the possibility for Bitcoin to go above the 50k region is very high even before Bitcoin halves comes.

So let's wait to see what action Bitcoin will be taking in the coming days,  but we have some positivity already to help us make near-accurate speculations of the market instead

[Oasisman]

~Snip

Downwards movement? If there's a piece of negative news maybe. I mean the US stock market is kind of bullish right now, and the S&P500 just had its new ATH,  and both are correlated with each other. TBH, I don't see any reason for Bitcoin to go down below $50,000 at least for the next 2-3 weeks.

That may be true, but in the last hour the price of bitcoin has tested the $50k support although now the price is back above $51k. Positive sentiment will not be maintained forever, so even though we are optimistic about waiting for bigger movements, the trend can change quickly.

Those were just a short drop caused by people who sold at the highest price since the last ATH and also caused by the traders activities. Nevertheless, I am quite optimistic that there will be no more sharp corrections until early next year. We all know how much hype the bitcoin halving can bring into the market. As we are getting closer to the next halving, we've seen nothing but a gradual progress in bitcoin's price. Now, it would be more interesting what's gonna happen in the post halving, as we all know, post halving can create a new ATH just like the past couple of halvings.

[Sexylizzy2813]

At this point in time Bitcoin price is never moving towards $60k and above, it's just stock between $50-52k and it has a way of discouraging traders and those who plan on holding, sometimes it triggers that urge to start panicking. This week we haven't gotten the need to say Bitcoin price will go above $55k all we get is mostly the negative part of the movement and it stays that way for long, it would have been better to have Bitcoin price at $58k by now heading towards $60k+ but is like the remaining part of this month is not going to be positive.

[FinePoine0]

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

Currently Bitcoin price has touched $52K, there is a high possibility of Bitcoin price going higher before the halving. Since the Bitcoin halving will take place in April, the current Bitcoin bull run has begun. Every halving comes around the time, creating great opportunities for investors to invest. Bitcoin price experts have already estimated that after the halving. in 2025, the price of Bitcoin will peak.

[radjie]

~Snip

Downwards movement? If there's a piece of negative news maybe. I mean the US stock market is kind of bullish right now, and the S&P500 just had its new ATH,  and both are correlated with each other. TBH, I don't see any reason for Bitcoin to go down below $50,000 at least for the next 2-3 weeks.

That may be true, but in the last hour the price of bitcoin has tested the $50k support although now the price is back above $51k. Positive sentiment will not be maintained forever, so even though we are optimistic about waiting for bigger movements, the trend can change quickly.

Those were just a short drop caused by people who sold at the highest price since the last ATH and also caused by the traders activities. Nevertheless, I am quite optimistic that there will be no more sharp corrections until early next year. We all know how much hype the bitcoin halving can bring into the market. As we are getting closer to the next halving, we've seen nothing but a gradual progress in bitcoin's price. Now, it would be more interesting what's gonna happen in the post halving, as we all know, post halving can create a new ATH just like the past couple of halvings.

It is very likely that there will be a new Ath after the post-halving occurs, and this could be a new history of the revival of Bitcoin prices experiencing quite a sharp increase again.  After that the price movement is considered stable after a sharp increase in the next few months, futures trading activity will increase due to the enthusiasm of people who are tempted to make profits by taking advantage of the existing situation.

[stadus]

I'm afraid the rise will not continue, pending the actual bull run.

If we follow the trend that a bull run normally happens after the halving, which we have less than 2 months for, then most likely this price will either drop or will stay at this level. https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00

Bitcoin's all-time high is $64k, so we are very close to the current price. However, we are expecting a more significant increase during the bull run. A 100% increase from the current ATH is possible, and that will translate to a new ATH of $128k, which, in my opinion, is just the minimum to achieve once the bull run is activated.

[ScamViruS]

It is very likely that there will be a new Ath after the post-halving occurs, and this could be a new history of the revival of Bitcoin prices experiencing quite a sharp increase again.  After that the price movement is considered stable after a sharp increase in the next few months, futures trading activity will increase due to the enthusiasm of people who are tempted to make profits by taking advantage of the existing situation.

A few days ago when the market did a bit of a correction after the bitcoin ETF approval, people started talking about the market turning bearish, but the market went uptrend again after that correction and broke $50k. And now everyone is talking about the market being bullish and breaking the new ATH soon, and this is where I fear a short-term correction is likely.

After Bitcoin halving, Bitcoin price will go uptrend again in long run, new ATH will definitely break and create new history again. And maybe then Bitcoin will achieve the $100k target.

[Zanab247]

It has changed from $50k to $60k this morning, you can revisit the market to know that the price has changed and, it will be profitable if you can take a good step now to start releasing your BTC to the market, because the market look like what will still dump before the real bull will start fully.

 I know that many hodlers are waiting for $70k, but it will not happen in this month but it will surely occur next month for hodlers to increase their profits that will allow them to invest when the price dump again.

[alankasman]

Unexpected price increase. It's worth it for me to say who told Bitcoin to rise to $9,000, almost $10,000 if calculated from $55,000 or $56,000 in a matter of hours, even famous people who often appear on international television shows like Jim Cramer couldn't stop it.
ATH is just around the corner. Congratulations to the holders.
It is hoped that an exciting February can apply to the same atmosphere in March.

[Marvelman]

It is very likely that there will be a new Ath after the post-halving occurs, and this could be a new history of the revival of Bitcoin prices experiencing quite a sharp increase again.  After that the price movement is considered stable after a sharp increase in the next few months, futures trading activity will increase due to the enthusiasm of people who are tempted to make profits by taking advantage of the existing situation.

A few days ago when the market did a bit of a correction after the bitcoin ETF approval, people started talking about the market turning bearish, but the market went uptrend again after that correction and broke $50k. And now everyone is talking about the market being bullish and breaking the new ATH soon, and this is where I fear a short-term correction is likely.

After Bitcoin halving, Bitcoin price will go uptrend again in long run, new ATH will definitely break and create new history again. And maybe then Bitcoin will achieve the $100k target.

Well, you know how it goes in crypto - it's always a wild ride! I'll admit, when everyone starts freaking out about the latest peak or predicting we'll hit the moon, sometimes it feels like folks forget about that whole buy the dip thing.  Sure the drops can be scary, but hey, maybe theyre just chances to get better prices, right? 

Anyway as for Bitcoin hitting 100k - who's to say? Could happen faster than any of us expect, or it might take some time.  Just need to try and enjoy the journey, and not get too hypnotized by the hype trains.

[peter0425]

Looks like the poll should be stopped because it is biased answer or votes that we can gather knowing that bitcoin have already crossed 61k and still getting higher each time now.

I did not cast my vote because of unfair result but what I wanted to say is that I am positive that Bitcoin will continue crossing 65k anytime sooner.

The next halving is soon to come if we continue this growth then we are breaking another record of gaining while before halve?

[Reatim]

Unexpected price increase. It's worth it for me to say who told Bitcoin to rise to $9,000, almost $10,000 if calculated from $55,000 or $56,000 in a matter of hours, even famous people who often appear on international television shows like Jim Cramer couldn't stop it.
ATH is just around the corner. Congratulations to the holders.
It is hoped that an exciting February can apply to the same atmosphere in March.

Have just tasted the fruit now mate as I have taken my profit for months of holding(actually just sold small amount of my total holding now) so I have something to spend for this celebration , did not expect that bitcoin will rose up to 60k this early ,i thought we will be enough for 50k and now here we are having the best days after 2023 bad year.

[alankasman]

Unexpected price increase. It's worth it for me to say who told Bitcoin to rise to $9,000, almost $10,000 if calculated from $55,000 or $56,000 in a matter of hours, even famous people who often appear on international television shows like Jim Cramer couldn't stop it.
ATH is just around the corner. Congratulations to the holders.
It is hoped that an exciting February can apply to the same atmosphere in March.

Have just tasted the fruit now mate as I have taken my profit for months of holding(actually just sold small amount of my total holding now) so I have something to spend for this celebration , did not expect that bitcoin will rose up to 60k this early ,i thought we will be enough for 50k and now here we are having the best days after 2023 bad year.

For months holding it is still the standard because many people choose to stay like that so they should be grateful for the price increase which in some countries has felt like an ATH in Bitcoin prices with each country's currency exchange rate.
Even though there is still some that you hold, hold on to it until the Bitcoin price passes the previous ATH which occurred about 2 years ago.
This post is short, but I think it is very meaningful.

[STT]

If price backs off to the 50k prices by tonight close I win a small bet.  That would match volatility true with hyped bubbling prices, very prone to boil over and spoil some.  Not that this has to be any top Im stating the very obvious its unstable when its gaining this much so fast.

We have lost the 12hr average, just in my experience thats the balance for a days positivity in trading and some people will be selling at that point not trying to fight the fall or unable due to leverage etc.   The price action right now has pulled back to a 2 day average roughly which is still very high.    Lets see how it reacts to 60k, the target downside I have is a fibonnaci level at 58k and that I would expect to provide some relief and positivity, possibly turn us around in any fall.  Its all fair game, fast up maybe fast down is always possible.

[ShowOff]

Unexpected price increase. It's worth it for me to say who told Bitcoin to rise to $9,000, almost $10,000 if calculated from $55,000 or $56,000 in a matter of hours, even famous people who often appear on international television shows like Jim Cramer couldn't stop it.
ATH is just around the corner. Congratulations to the holders.
It is hoped that an exciting February can apply to the same atmosphere in March.

Basically, the big increase at the end of February was anticipated by many people. It's just that some of us are not very optimistic about the $60k to $64k touched yesterday. Now many people seem optimistic when they know that the $69k figure is getting closer and this looks very real if this positive trend persists until mid-March.

Of course, this is a happy end of February for all holders, as well as for day traders who have been raking in the fast during the bull run. For now $64k is resistance that will hold for some time from now, but if $64k is broken then we will get a new ATH this year.

[Odusko]

Looks like the poll should be stopped because it is biased answer or votes that we can gather knowing that bitcoin have already crossed 61k and still getting higher each time now.

I did not cast my vote because of unfair result but what I wanted to say is that I am positive that Bitcoin will continue crossing 65k anytime sooner.

The next halving is soon to come if we continue this growth then we are breaking another record of gaining while before halve?

The Bitcoin market has shown a clear sign of a positive outlook and not stopping anytime soon because even when the price tried to break below $60k severally it has rebound back amd it price is targeting 70k already and if this continues, we may see a non stop uprising market up until before bitcoin halves, although what we are seeing right now is as a result of bitcoin ETF where they're been alot of buy other much more that sell and the traders are in most bullish spirit because no one want to sell below the current price before the halves and if the price continued to sustain the current level it may keep at this and not going below even if it doesn't break the record ATH.

[FinePoine0]

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 price touched $64k on February 29, 2024. The price of Bitcoin is increasing so much that investors are currently buying massive amounts of Bitcoin. In just one month, the price of Bitcoin has increased by the most, setting a new record for two years. Bitcoin price peaked at $69,000 in 2021. And 2022 surpasses 2023 and in 2024 Bitcoin price touches the highest price of 64k. A bull market awaits for Bitcoin in 2025 and will set new records again.