Bitcoin way forward - Towards $100k or $50k

[kentrolla]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

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[NeuroticFish]

What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

With halving being less than 1 month away and with the influx of money from ETF... I don't think that 50k is possible any longer.
Of course, don't take my word for it, my crystal globe is broken.

[Wiwo]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

At the moment,  I think bitcoin will do  more of a stable movement that is a frequent correction and with little percentage price movement that will be between a 10% gain or drop at each point, that is that bitcoin is going to rely around the 70k-71k+at most up until the next halving and then after we are going to see a major market break out which will mark the anticipated bull run market which bring in new all time high.

[salad daging]

Not sure bitcoin will go to $50K this will soon go to halving then a good trend will come to affect the price of bitcoin by heading to $100K, although no one is accurate in guessing prices but we know the future with halving in April so that is the benchmark for many people to estimate the price of bitcoin.

Not without reason bitcoin to $50K or even $100K but there is a foundation behind it one of which is several other factors that affect it then it will feel $100K will soon even at the end of the year or sooner I think.

Suppose a bad scenario where the price of bitcoin plummets to $50K then it's time to buy, with the halving narrative going away a bit, maybe but then again I'm not sure about that.

[goaldigger]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

When you do analyze the price trend from the previous halving, you can see a significant drop right after the halving, so I think the price will rally to the price of $50k for now but after that Bitcoin will have it’s momentum again to reach for a new peak. There’s no assurance in this market so better to always have your target profit so when you do have the chance, you can at least secure a good profit.

[Falconer]

-snip-

With halving being less than 1 month away and with the influx of money from ETF... I don't think that 50k is possible any longer.
Of course, don't take my word for it, my crystal globe is broken.

Of course, I'm as optimistic as you and no longer expect $50k to be tested again. Prices may fall due to high selling pressure, but if ETF fund flows and FOMO due to the halving increase, prices will become more expensive.

You are certainly right, they should do so at their own risk instead of swallowing whatever others say here. Nothing is certain although many people believe that prices will be higher. No one knows for sure what will happen next, each must do so at their own risk.

[d5000]

My best guess is that we'll see new ATHs soon (in the next 2-3 weeks), but still not reach $100.000. Once the ~73.000 ATH are broken, we could see a relatively fast move up to the $80000 region. But I'm unsure if it will go much higher before the halving.

I still expect a deeper correction near or after the halving, which could lead BTC to $50-60k again, maybe the old ATH (69k) will act as a major support but that is already perhaps a bit too optimistic (from a bullish perspective) and I would expect that only if the price reaches $90k before the halving date. After this correction, I believe the bull can take over again, bringing us close to $100.000 or even a bit higher (my personal estimation for a 2024/25 high is around $130000).

Reason for this outlook: the 2021 bull run had a similar phase in the first half of the year, when the old ATH was already broken but the price evolution got increasingly unstable, with several dips and later a much larger correction after May. Then it recovered and overtook the old high.

[aoluain]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k

I'm not sure a drop back to $50k was realistic, actually a big drop back to that was
more of hope by some.

The general thinking/expectation/consensus is that we are really heading in one
direction and thats further away from $50k. This current Bitcoin phase contains
the halving, its a bullish season and coupled with the number of ETF's will
only amplify that, so yea $100k becons.

[Jegileman]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

We are yet to experience the halving event and it is already coming closer daily. It has always been a path and manner that bitcoin always exceed the ATH after the halving event and this time around it didn’t happen like that. I was expecting a big correction of the market to go down that $50K mark before the halving and eventually crossing back the previous ATH, the newest ATH and then then rally up to the point which a new ATH will be. I might be a little incorrect with my speculation but since the halving hasn’t taken place, things could turn around and still witness this before the halving takes place.

[Bravut]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Currently bitcoin price is $69K. I see $60k as a strong  zone and wouldn't likely see price dump pass it, though we can't predict but surely price will drop again but bitcoin is gaining much for the past 3 days now.

The way forward is towards $60k before $100k.
What ever outcome just get prepared and accumulate the fuck out of bitcoin.

[peter0425]

Surprisingly, I think bitcoin is closer to hitting the $100k mark than the $50k one.

$50k is now a little far because the market dropped to almost $60k but rallied back up again which defeated a lot of people's hopes and dreams of hoarding once the price drops down. Halving is just almost an arm's length away and we shall expect the price to increase more from now on

[adaseb]

I think we might hit $50k compared to $100K in the near term. You need to understand that the entire economy will burst soon but nobody knows when. When people are dumping stocks, crypto will also suffer. Question is whether this will happen in the next few months or will it take years.

We can still break ATH but $100K is still a long way away. $50k is much much closer at these current prices. And it all boils down too how the flows will be in the next few weeks. Last week was positive but week prior was negative.

[Don Pedro Dinero]

I think this thread is missing a poll. I too think we are more likely to go to $100,000 than $50,000. The halving, the price trend, the fact that we are already in bull market makes it more likely. But obviously I wouldn't bet my life on it, as on the evolution of the markets it is impossible to predict accurately and the price of bitcoin is even more difficult in my opinion.

[Marvell1]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

I think bitcoin will continue to rise as the halving gets closer and closer to us, but I don't think bitcoin can reach $100k so soon. I predict bitcoin will reach $80k and then there will be a correction towards the $50k level you would expect. I don't believe bitcoin can go to $100k without any significant correction.

But we should not rule out the opposite scenario because while everyone expects bitcoin to continue to increase in price from now on, the market could also do the opposite of what we think.

[Yaunfitda]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Isn't it the next target will be $80k? and then followed by $90k towards $100k? At this point I don't think that Bitcoin will go down to $50k or reach $80k. To be able to get to the next psychological barrier, we will have to reach the halving itself. And then after that, the official bull run will commence and everyone is talking about 6 digits for this year. So all we need again, and we can't stressed this enough, to have patience and then just continue to accumulate even in the bull run as we can still squeeze some profits when we reach the top of the cycle next year. So with that, no $50k, it's too big now to see a downward spiral unless we heard some bad news. But with institutional money flowing it, most likely we will remain at $70k'ish level before the halving.

[Kelward]

I think that because Bitcoin halving is just in a few weeks away therefore I don't see a major price dip of reaching $50k before it happens, price can fluctuate slightly but after the halving, we'll begin to see a progressive price pump to bull run. I'm quite positive that we'll see price that can surpass $100k by the end of this year, and in the peak of bull run I'm looking at price reaching $200k at a new ATH. The Bitcoin ETF will make us to see a massive bull run in this season, the test of it is reaching a new ATH before halving, so it's not too late to keep accumulating.

[Nrcewker]

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

You need to understand that why the price goes up and when the price goes down. Normally the price follows the pattern of supply and demand. As we know that Bitcoins are limited in numbers, hence when more people buy the coin, they increase the demand. Now the supply goes less and hence in order to meet the demand, the price goes up. So currently the price again went to 71k usd just because the demand was high. So if this high demand is kept, then the price will definitely touch 100k usd.

[btc_angela]

I think that because Bitcoin halving is just in a few weeks away therefore I don't see a major price dip of reaching $50k before it happens, price can fluctuate slightly but after the halving, we'll begin to see a progressive price pump to bull run. I'm quite positive that we'll see price that can surpass $100k by the end of this year, and in the peak of bull run I'm looking at price reaching $200k at a new ATH. The Bitcoin ETF will make us to see a massive bull run in this season, the test of it is reaching a new ATH before halving, so it's not too late to keep accumulating.

It is also because there are speculators who think that bitcoin will go on a dump prior to the halving. But we have to think that it's a different cycle now. The pattern has change, we've reach new all time high before the halving itself.

And then we have institutions very interested on putting their billions specially with the approval of Bitcoin ETF. So I don't see a $50k but instead we will continue this bull run right after the halving and then we will reach $100k or more this year. But the most fun part is 2025 wherein we see at least $150k as the new all time high for us.

[kentrolla]

I think that because Bitcoin halving is just in a few weeks away therefore I don't see a major price dip of reaching $50k before it happens, price can fluctuate slightly but after the halving, we'll begin to see a progressive price pump to bull run. I'm quite positive that we'll see price that can surpass $100k by the end of this year, and in the peak of bull run I'm looking at price reaching $200k at a new ATH. The Bitcoin ETF will make us to see a massive bull run in this season, the test of it is reaching a new ATH before halving, so it's not too late to keep accumulating.

It is also because there are speculators who think that bitcoin will go on a dump prior to the halving. But we have to think that it's a different cycle now. The pattern has change, we've reach new all time high before the halving itself.

And then we have institutions very interested on putting their billions specially with the approval of Bitcoin ETF. So I don't see a $50k but instead we will continue this bull run right after the halving and then we will reach $100k or more this year. But the most fun part is 2025 wherein we see at least $150k as the new all time high for us.

Yes this cycle has been different than the previous ones hence we can expect some new behaviour and from the responses I got and the market emotions it looks positive at the moment which is a good thing, hope Bitcoin crosses $100k as this has been the speculated historical number for a long time and if Bitcoin breaches it then we will see more investments flowing in not only from institutions but also from common people. I have already been proven wrong with my assumptions of thinking history will repeat which is not the case this time hence anything can happen as we may not even see dump or correction.

[thecodebear]

OP, not sure why you said at one point it looked like it would dip to $50k, it literally only made it to $60k, didn't even hit $59k, let alone come close to $50k.

Anyway, since that was a pretty decent ~18% correction from the recent ATH, I doubt we see it go lower than that (<$60k) until perhaps bottom of next bear market.

So $50k might never get hit again, or if it does get hit again it'll only be at the very bottom of the bear market in like 18+ months.

But it's not going to go straight to $100k either. I'd say it could take six months to hit $100k, with likely a couple more 15-20%+ corrections along the way.
Right now it's just hanging around at $70k. Could dip back into the $60k's or head back to new ATH's soon. In April I'd be looking for the price to go over $75k. Maybe in May break $80k.

I'd be expecting $100k around end of summer or early Fall. Though it could be later, we aren't even at the halving yet and normally bull run starts about half a year after the halving, but this cycle thanks to the ETFs it started before the halving. But what if the ETFs slow down for a while and are only buying a couple thousand bitcoin a day, and the bullish momentum in the spot market slows down as well, and price hangs out mostly in the $70k's this Spring and Summer until retail finally comes in at the normal time half a year after the halving, and so price doesn't start strongly moving up against to $100k until the Fall and maybe hits it end of the year. I don't think that is likely, probably more likely price keeps moving up this spring and summer and hits $100k by Sept/Oct, but no way to know right now. The cycles repeat, and some things are always similar, but the finer details always change.