Will BTC drop further?

[awesomewebsites]

Yes BTC will keep dropping until around 35k be ready to scoop up more then, I recommend to wait until then

On the basis of what ?

 

[silversubrite]

Honestly, the current dip is just part of the cycle so don't panic sell while everyone else is stressing out. I wouldn't bet on it hitting 50k yet, but keep your eyes on the charts and maybe wait for a clearer entry point.

 

[Rakotondrazafy]

Nobody really knows for sure if it'll hit 50k, but I’m just gonna keep holding and average down, bitcoin maxis is here.

 

[ElyDiosa]

BTC has continued to fall below 70k
Could the next bottom be 50k?

As a language model, I cannot predict the future price of Bitcoin. The cryptocurrency market is highly volatile and influenced by many factors, including news, regulations, adoption, and market sentiment. Bitcoin could drop to $50,000, but it could also recover and rise. Nobody knows for sure.

 

[davids355]

ok i take scz.v silver mining company

today $10 CAD i know the price will still fall massivly because its in a big correction but since you also don't take btc from the bottom its only fair
if i had to pick coins i would take algorand and PDAI
Algo $0.12 PDAI $0.0012
If physical commodity Silver at $68 today
oil company i would take OXY but at current price its at peak because of iran $60
chinese company NIO $6 BYD $13.3 will also still have massive correction
Weed company CGC $1

Which one are you picking then?

 

[fortunec9]

50k seems likely

 

[smmping]

It's definitely possible if this bearish momentum continues, as the market is highly volatile right now. However, we will likely see strong support and buying pressure around the $60k mark before it ever tests $50k.

Actually, it doesn't even matter if you are a long term investor with DCA strategy

 

[davids355]

the big movement comes within next 11 days and we will know where it goes and personly i don't think it will be a good investmet at 50k with a target of 250k thats only 5x .There are way better ways to make more in this volatile market

Also it depends on your appetite for risk. Being a trillion dollar asset I would say the risk is relatively low now. But if you are looking for over 5x your money on an investment over 3-4 years then I would say you are probably looking at some additional risk.

Yes BTC will keep dropping until around 35k be ready to scoop up more then, I recommend to wait until then

Its 65% of realised price i dont think it will go that low personally. But this is Bitcoin and I definitely wouldn't say its impossible. Lets see.

 

[felixw88]

50k seems likely

It seems to bounce between 65 and 71. Why do you think it will drop to 50?

 

[fortunec9]

It seems to bounce between 65 and 71. Why do you think it will drop to 50?

i feel its a classic micro relief rally trapped inside a larger macro downtrend. i am looking to short btc from 85-88K range

 

[RIA 377]

Unexpected daily changes can influence wars and political trends, making it very difficult to predict or control the situation with stable strategies.

 

[Alex 9]

Yeah, dropping under 70k doesn’t look great tbh. 50k could happen if it keeps sliding, but who knows. Market’s kinda unpredictable right now. You thinking of buying or just watching?

 

[muhbootloader]

Today it`s price is 71k and it will clearly not fall to 50k

 

[Nikolaos]

The price seems to be increasing in the past few days. It's 77k$ right now.

 

[ElyDiosa]

BTC has continued to fall below 70k
Could the next bottom be 50k?

The crypto market is crazy; you never know. It will depend a lot on how people react to the news, whether it's good or bad, and also on what happens with the economy in general. Support around 50,000 seems to be a level many are watching, although who knows if it will hold there or continue to fall.

 

[Gonassis]

It's just part of the next cycle. It might go down a bit more, then some whale will come in and buy tons of it, and then everyone else will start jumping on the train until we hit 1 mil.

 

[abdullah khatri]

No one can predict with certainty—Bitcoin may drop further if macro conditions, regulations, or market sentiment turn negative.

 

[Xin 3]

Bitcoin below 70k is just a correction, not strong enough to reach 50k. The 60k-55k range is crucial; holding it is good, a break below it is bad. Don't trade based on emotions.