I believe Bitcoin can reach $50k during this Christmas what do you think?

[Cryptsafe]

I believe the price mentioned by OP is achievable but we all know how volatile the market is and can not be predicted. We are just speculating and based on our speculation and looking at the last all time high, there is every possibility that the price would go higher than it was but hopefully before the year comes to an end, I think there would definitely be pressure on the market which would push the price of Bitcoin upward and higher than it is now.

[Gm Jutt]

It is great... that you are keeping an eye on the price of Bitcoin. Predicting the price can be exciting...  but it is important to know that cryptocurrency prices can change a lot and can be hard to predict. Bitcoin has been doing well lately... but we cant say for sure what will happen in the future again.

Some people think Bitcoin could reach $50k by Christmas... which would be a big deal. But it is important to be careful with predictions like this. The cryptocurrency market is influenced by different things... like how people feel about it... rules and laws... and how the economy is doing. It is always a good idea to learn more and think about different opinions before deciding what to do with your money. But there are some big events are coming so we can say that Bitcoin can perform really. Like ETF and the Halving.

[hugeblack]

I do not think so. At the end of the year and the holiday season, many people do not tend to speculate, especially with the price reaching a psychological barrier at $44,000, and there is a strong resistance level at $48,000. Therefore, the current time is for the price to maintain a range between $37,000 and $42,000. Then it can There will be a strong trend towards $50,000 before next March.

[tranthidung]

I do not think so. At the end of the year and the holiday season, many people do not tend to speculate, especially with the price reaching a psychological barrier at $44,000, and there is a strong resistance level at $48,000. Therefore, the current time is for the price to maintain a range between $37,000 and $42,000. Then it can There will be a strong trend towards $50,000 before next March.

It is right that Bitcoin needs a correction to cool down after rising since 2023.

Historically, December is not one of best months for Bitcoin in average but in median, it looks better. ^[1] Usually if November is green, December is green but I don't expect for a big green candle in December this year.

Another perspective is from Net Unrealized Profit/Loss (NUPL) ^[2]. It will be healthier to have a correction now, like in 2019 before a halving in 2020 when price starts to hit Belief / Denial area (Orange area) than goes into the Red area (Euphoria/ Greed).

^[1] https://cryptorank.io/price/bitcoin
^[2] https://www.lookintobitcoin.com/charts/relative-unrealized-profit--loss/

[hugeblack]

Historically, December is not one of best months for Bitcoin in average but in median, it looks better. ^[1] Usually if November is green, December is green but I don't expect for a big green candle in December this year.

If you notice, it is rare to find 4 consecutive months in green, and if they do exist, a correction will occur in the next month. Therefore, the possibility of a correction (red color) or staying at the current levels (green color) is reasonable, but for pumping to occur, you need an increase in the price that pushes you above $48,000, and then it will be Rapid passage to $52,000, which is unlikely in the coming days.

[Altcoin1998$]

I have been speculating the price of Bitcoin and reading it's charts on daily basis to see what's going to happen  and I can see some positive upward moments in price of Bitcoin and if those moments get intensity then it's possible to see Bitcoin at $50k during the Christmas time. If that happens I'm sure that Bitcoin can easily cross $120k mark in this bull run.

I can't say for sure if Bitcoin will hit $50,000 this December, but I don't think it will hit $50,000 before next Christmas. But Bitcoin is currently slightly above 42 thousand. Experts believe that if Bitcoin touches the 45,000 line, it is optimistic that it will cross the $50,000 mark. On the other hand, if Bitcoin touches below the 40,000 line, it can go as low as $37,000 this December. However, before Christmas Day, the Bitcoin market will pump up a bit, according to this calculation, Bitcoin can go above $45,000 before December 31st.

[Master107]

Welcome back to me here in discussion. Will speculation is good but not really meant exactly to happen like last bull season a lot of crypto enthusiastic beloved btc could hit 100k. Unfortunately didn't happen. I hope that what you hope for will happen though not 120k or 100k the important is we have some goods coins pumping next bull run.

[MrSpasybo]

Currently, there are many approaches to predicting the price increase of BTC to $50K area: Ichimoku, Harmonic patterns, Fibonacci. I also agree that $50K is an important price zone for BTC in this recovery.
However, I don't think BTC can reach that price before Christmas, because the Bitcoin Spot ETF has not yet been approved by the SEC. This event is expected to arrive in early January 2023 and create extreme FOMO, sending BTC price to the $50K price range before a correction to confirm the uptrend.

I don't expect any black swan events in 2024 (similar to COVID 2020), and Bitcoin could continue its journey to create a new ATH in the ~$150K region by the end of 2025.

[SamReomo]

If you notice, it is rare to find 4 consecutive months in green, and if they do exist, a correction will occur in the next month. Therefore, the possibility of a correction (red color) or staying at the current levels (green color) is reasonable, but for pumping to occur, you need an increase in the price that pushes you above $48,000, and then it will be Rapid passage to $52,000, which is unlikely in the coming days.

You're right it's rate to see 4 consecutive months with green candles but it happened a few times and it can happen once again this time. I believe that if the price somehow crosses $45k then investors will get more confidence and we may see another pump that would help Bitcoin to reach $50k. I know the chances to see that are very low but I believe that December can be a good month for Bitcoin this time.

Welcome back to me here in discussion. Will speculation is good but not really meant exactly to happen like last bull season a lot of crypto enthusiastic beloved btc could hit 100k.

Welcome back to the discussion! Yeah, in last bull market the traders and analysts were predicting Bitcoin's price to reach $120 or even above that but some things took place that made Bitcoin to enter the bear market again. This time I'm pretty sure that Bitcoin will actually reach that goal of $100k a Bitcoin.

[hugeblack]

I don't expect any black swan events in 2024 (similar to COVID 2020), and Bitcoin could continue its journey to create a new ATH in the ~$150K region by the end of 2025.

If there was something that might cause black swan events, it would have happened at the $30,000 levels, where it was possible to retest the bottom at $15,000, but after we broke the psychological barrier at $37,000, it is very difficult for the price to return from $42,000 to $37,000 --> $32,000 ---> $28,000, this is a very long trip, especially with the high fees^[1] that curb panic.





[1] https://mempool.space/

[examplens]

The developers have announced a code update to reduce the current "spam" of brc tokens. Once such an upgrade is implemented, I wouldn't be surprised if the value of Bitcoin slides down.
Waiting for Bitcoin Core v27

[Primo1760]

I have been speculating the price of Bitcoin and reading it's charts on daily basis to see what's going to happen  and I can see some positive upward moments in price of Bitcoin and if those moments get intensity then it's possible to see Bitcoin at $50k during the Christmas time. If that happens I'm sure that Bitcoin can easily cross $120k mark in this bull run.

I'm not a very good market analyst, but from what I can guess the market, the Bitcoin market may reach $45,000 before Christmas Day. Bitcoin market is currently dumping. Right now the price of Bitcoin is 41400. Currently I can estimate from this price the highest Bitcoin could be at around $45,000 by Christmas Day.

[Gormicsta]

Well, there's every possibility that it would and that it may not, Bitcoin has been experiencing an amazing bullish trend the past few weeks and if the trend continues then it sure would hit 50k before January. But it all depends on investor's choice and sentiment about the market. This is a festive season and many crypto holders usually sells off a portion of their Bitcoin ( for those who doesn't have an alternate source of income) and if this happens then Bitcoin is sure to either remian static or drop in price. So it's not really certain what Bitcoin of this December.

[SamReomo]

Right now the price of Bitcoin is 41400. Currently I can estimate from this price the highest Bitcoin could be at around $45,000 by Christmas Day.

Yeah, Bitcoin is struggling a lot to cross the barrier of $44k but once it crosses $44k and $45k then we may see Bitcoin at $50k either during the Christmas or in the final days of the month of December. I'm very sure that with the approval of Bitcoin ETFs the situation will be different and during those times Bitcoin price can surge a lot.

Let's see what will happen in this month and if Bitcoin reaches $50k then most of us will be happy. That value will also take so many low marketcap altcoins to have huge pumps and some people do earn profits from those coins but the risk is a lot and that's why I don't recommend those low marketcap altcoins.

[SamReomo]

The Christmas is still 5 days away and the Bitcoin has already touched $44k value, if it continues to move upward in such intensity then we will see it at $50k value either during Christmas or in this December. Today the $45k is a strong barrier to cross and if it manages to cross $45k value today then the chances of it reaching $50k become much stronger.