Is it true that the myth from the witch that the number 100 should be divided into 2 = 50?Well, sorry but I have no absolute idea what you are talking about, what exactly does this even mean? Maybe you don't mind explaining to us a bit about who this witch is who made or created this standard of analyzing something and predicting it's future movement, maybe if we can read about the witch and get to know more about his or her history, we did be able to ascertain whether there is any atom of truth in what he or she has said.
Is it true that the Bitcoin price if the number 100,000 dollars should first go down divided by 2 = 50,000 dollars?
(Then after 50,000 dollars the price of Bitcoin rose again past 109,000 etc.)
(https://i.imgur.com/7nenSHq.png)
I don't know Bitcoin analysis.Firstly to start with when it comes to technical analysis they are not a 100% certain to happen however what technical analysis does is give you a better and more logical view of the market which will enable you know the current trend and the direction if there would be a continuation or a reversal. With respect to this that actually means that technical analysis are just speculations.
I don't know much about Bitcoin history.
I just enjoy crypto from home as a second job.
I have an instinct when looking at Coinmarketcap that something seems to be missing if the current highest Bitcoin price of around 109,000 dollars is divided into two to become 50,000 dollars (let's say 100,000 dollars)....
I don't know Bitcoin analysis.
I don't know much about Bitcoin history.
I just enjoy crypto from home as a second job.
I have an instinct when looking at Coinmarketcap that something seems to be missing if the current highest Bitcoin price of around 109,000 dollars is divided into two to become 50,000 dollars (let's say 100,000 dollars).
I have an assumption that when the Bitcoin price increases by a difference of around 2,000 dollars, it can drop by more than 4,000 dollars or more. I noticed the decline since the price of 102,000 dollars. Or maybe this is just my hallucination of the Bitcoin price.
Is it true that the myth from the witch that the number 100 should be divided into 2 = 50?
Is it true that the Bitcoin price if the number 100,000 dollars should first go down divided by 2 = 50,000 dollars?
(Then after 50,000 dollars the price of Bitcoin rose again past 109,000 etc.)
(https://i.imgur.com/7nenSHq.png)
I have an instinct when looking at Coinmarketcap that something seems to be missing if the current highest Bitcoin price of around 109,000 dollars is divided into two to become 50,000 dollars (let's say 100,000 dollars).I don't know why BTC price needs to return to $50K just because $100K : 2 = $50K. Someone could say $100K : 10 = $10K or even $100K : 100 = $1K ^^
Ok, I got the key from you for Bitcoin price this year because your explanations make sense to me with your graphic.I have an instinct when looking at Coinmarketcap that something seems to be missing if the current highest Bitcoin price of around 109,000 dollars is divided into two to become 50,000 dollars (let's say 100,000 dollars).~snip~
The symmetrical Elliott wave counting also suggests that BTC has finished the impulse wave and is in a corrective wave lasting about 2 years. If this happens, I expect a Flat corrective wave to come and we will still have a new ATH at $150K-170K this year.
If this happens, using Fibo, we can think of Fibo 0.382 ~ $52K, close to the $50K you mentioned, or worse, Fibo 0.618 ~ $33K.(https://www.tradingview.com/x/7trAbf54/)
Bitcoin is highly volatile, meaning its price can rise and fall sharply. There's no fixed rule that bitcoin must drop to half its value after reaching $100k though connections often happen after big price milestones. Market movements depend on supply, demand, and external factors.
In my opinion, BTC will not drop to that level. We have already seen strong support levels around 77k twice within a month (double bottom formation). Having said that, if BTC goes below that level, it would be blood everywhere.At least not on this bull run. I agree that it will not drop to that level... only on this bull run. $77,000 is a strong support, but I believe that Bitcoin might go down to as low as $70,000 because there's a Fair Value Gap at the range of $70,700-$74,000 and anytime, it might fill that gap before it goes up again.
In my opinion, BTC will not drop to that level. We have already seen strong support levels around 77k twice within a month (double bottom formation). Having said that, if BTC goes below that level, it would be blood everywhere.Blood everywhere for those who invested in Bitcoin for short term profits. For those of us who are investing it for long term, it is an opportunity to buy Bitcoin at a discount price, because whether good or bad Bitcoin will surely go above the current low price
Long-term investments will be more profitable, buy again on a defensive basis and the current price is still very cheap when a big drop occurs.In my opinion, BTC will not drop to that level. We have already seen strong support levels around 77k twice within a month (double bottom formation). Having said that, if BTC goes below that level, it would be blood everywhere.Blood everywhere for those who invested in Bitcoin for short term profits. For those of us who are investing it for long term, it is an opportunity to buy Bitcoin at a discount price, because whether good or bad Bitcoin will surely go above the current low price
In my opinion, BTC will not drop to that level. We have already seen strong support levels around 77k twice within a month (double bottom formation). Having said that, if BTC goes below that level, it would be blood everywhere.Blood everywhere for those who invested in Bitcoin for short term profits. For those of us who are investing it for long term, it is an opportunity to buy Bitcoin at a discount price, because whether good or bad Bitcoin will surely go above the current low price
For Bitcoin, yes, because basically, we believe that BTC, whatever happens, is still valuable in all conditions. It's just that at times like this we have to be more patient, and then there is hope for the BTC price to rise again. But indeed this will not be that easy, because market sentiment often changes very quickly. And indeed, the crypto market is also very difficult to predict, so rather than having to worry and stress thinking about analysis or graphs of market developments, it is better to be patient and make sure not to panic to do long-term investing.Long-term investments will be more profitable, buy again on a defensive basis and the current price is still very cheap when a big drop occurs.In my opinion, BTC will not drop to that level. We have already seen strong support levels around 77k twice within a month (double bottom formation). Having said that, if BTC goes below that level, it would be blood everywhere.Blood everywhere for those who invested in Bitcoin for short term profits. For those of us who are investing it for long term, it is an opportunity to buy Bitcoin at a discount price, because whether good or bad Bitcoin will surely go above the current low price
But some people will just panic and won't get in at this price because they don't have any spare money either.
-snip-Be patient and don't panic so you don't get stressed thinking about prices that keep falling when the trend is not as good as it is now.
so rather than having to worry and stress thinking about analysis or graphs of market developments, it is better to be patient and make sure not to panic to do long-term investing.
Although an immediate drop to $50,000 is unlikely a prolonged downtrend could push bitcoin to a worse level. This would require a major shift in market sentiment and strong selling pressure, or macroeconomic factors such as increased regulation or tighter monetary policy from central banks. I think for now, the bitcoin traders should keep an eye on the $90,000 - $92,000 range. A breakout or rejection from this area will determine the next big move! I think we have to wait until the end of this month because there are a lot of macroeconomic data and events and summits.
In my opinion, BTC will not drop to that level. We have already seen strong support levels around 77k twice within a month (double bottom formation). Having said that, if BTC goes below that level, it would be blood everywhere.Blood everywhere for those who invested in Bitcoin for short term profits. For those of us who are investing it for long term, it is an opportunity to buy Bitcoin at a discount price, because whether good or bad Bitcoin will surely go above the current low price
Short-termers are always eager to seize some opportunities, yet they fail if the market is punishing.
Long-term hodlers are those who know the deal with BTC and keep things simple enough 8)
~snip~Ok, I will try to access the Bitcoin Meter website and it turns out there is a yellow line showing the price of 59,000 dollars and then goes up again to the price of 70,000 dollars.
https://app.bitcoin-meter.com/home
~snip~
(https://talkimg.com/images/2025/03/12/0kzUJ.png)
No problem mate, I'm just asking about Bitcoin predictions because in fact the price from 109,000 down to 79,000 dollars is a difference of 30,000 dollars.In my opinion, BTC will not drop to that level. We have already seen strong support levels around 77k twice within a month (double bottom formation). Having said that, if BTC goes below that level, it would be blood everywhere.~snip~
As for the OP's logic, I'm sorry, but it doesn't make sense. Maybe I'm dumb so correct me, but I can't find a logical explanation for that.
Bitcoin's not dropping under $50,000 dollars at this point unless something really bad happens to the industry, like giant exchanges and lenders becoming bankrupt. Otherwise it's not going to go that low.Or maybe if all of Michael Saylor's Bitcoins were sold and created panic, the price of Bitcoin would reach 50,000 dollars, isn't right?
Is it true that the myth from the witch that the number 100 should be divided into 2 = 50?You should listen less to hearsay and focus more on the facts in front of you. The best idea you can get concerning what the value of bitcoin will be is to look at the charts.
Is it true that the Bitcoin price if the number 100,000 dollars should first go down divided by 2 = 50,000 dollars?
(Then after 50,000 dollars the price of Bitcoin rose again past 109,000 etc.)
When I already mentioned this application in my previous post, let me add that, on request, they also offer full access to the application in the trial period. You just need to contact them and refer to the info from the forum.~snip~Ok, I will try to access the Bitcoin Meter website and it turns out there is a yellow line showing the price of 59,000 dollars and then goes up again to the price of 70,000 dollars.
https://app.bitcoin-meter.com/home
~snip~
Well, I think 59,000 is close to 50,000 dollars because I said in the OP to consider it 100,000 dollars. Quite interesting.
Basically I also looked at the graph from the first listing of Bitcoin on Coinmarketcap and I just thought about my assumptions, whether Bitcoin would first fall to the price of 50,000 dollars and then rise again to exceed the price of 120,000 dollars.Is it true that the myth from the witch that the number 100 should be divided into 2 = 50?You should listen less to hearsay and focus more on the facts in front of you. The best idea you can get concerning what the value of bitcoin will be is to look at the charts.
Is it true that the Bitcoin price if the number 100,000 dollars should first go down divided by 2 = 50,000 dollars?
(Then after 50,000 dollars the price of Bitcoin rose again past 109,000 etc.)
If also bitcoin gets to $50,000, it should be seen as an opportunity to get more, not a time to fret more. The price will not keep going down forever.That's why I also said at the end of the paragraph like this:
(Then after 50,000 dollars the price of Bitcoin rose again past 109,000 etc.)
Is it true that the myth from the witch that the number 100 should be divided into 2 = 50?it is no secret that bitcoin does tend to go down during bear cycles back then it could go really low and maybe even go beyond half its ath but things have changed now and i think bitcoin is a lot more stable and much less volatile so a lot of people are predicting that bitcoin will not go past $70k or $60k
Is it true that the Bitcoin price if the number 100,000 dollars should first go down divided by 2 = 50,000 dollars?
(Then after 50,000 dollars the price of Bitcoin rose again past 109,000 etc.)
(https://i.imgur.com/7nenSHq.png)
They say that's the case with the Bitcoin market because no one can guess where the Bitcoin price will go, that's why I also asked in this topic, calm down on Bitcoin's all-time high but it keeps going down.Is it true that the myth from the witch that the number 100 should be divided into 2 = 50?it is no secret that bitcoin does tend to go down during bear cycles back then it could go really low and maybe even go beyond half its ath but things have changed now and i think bitcoin is a lot more stable and much less volatile so a lot of people are predicting that bitcoin will not go past $70k or $60k
Is it true that the Bitcoin price if the number 100,000 dollars should first go down divided by 2 = 50,000 dollars?
(Then after 50,000 dollars the price of Bitcoin rose again past 109,000 etc.)
(https://i.imgur.com/7nenSHq.png)
only time will tell and even if bitcoin is dropping off now i do not think we will see its lowest this year since the cycle can be longSame thought with me, only time will change everything and I feel Bitcoin for now will pass again more than 109,000 dollars in 2025.