100:2 = 50, Is it true that Bitcoin will drop to $50,000 first?

[erus]

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.)

[tequilla_sunset]

It's an assumption based on not too much of analysis, so we can't say that.

As well as we won't know what would happen in the near future. Currently, the market is pretty  volatile and manipulative.

[memehunter]

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.

[MarcuB]

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.

[Fivestar4everMVP]

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.)

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.

If actually we have entered another bear season, the price of Bitcoin can go below $50k, or may not even drop much from the price it currently is, there is every possibility that it may get to a certain price still above $50k and start doing a sideway movement which may last as long as possible, I don't believe any thing any damn witch says about 100 or whatsoever or maybe my world is different from theirs.

[Mia Chloe]

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)....

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.

Difference between analysis is how accurate they are. What we know is the market is currently pulling back more like a retracement in price but you can only speculate a reversal and not a certain turn point.

[tabas]

I don't know about that number of witch and I have never heard of that from anywhere. Maybe, I am not fond with all of these kid's stories and I've missed that. But with the prices that you've given OP, it's possible that a 50% slash might happen as part of this bull run. I'm still optimistic that even if the possibility is there or we reach that price for which I don't want to see, Bitcoin naturally will recover and will go back to that most recent ATH that we've met which is $109k. There is still a long way to go for this year and this is part of the cycle. But if not, and things have happened too early, we have to be patient and apply that strategy nonstop of being a holder.

[dwyane36]

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.)

I think it isn't a good idea to look for support level in this way. However, it is worth noting that there is indeed a possibility that the BTC price may fall to the level of $50-52k. But before that, the bears need to break through the levels around $64-65k and especially around $72-73k. As a matter of fact, the support level around $72-73k seems to be very important now, considering that a lot of positions that can be liquidated are concentrated there.

[MrSpasybo]

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 ^^

I will present some of my own opinions based on the BTC price chart. At least I think it's the most intuitive thing I can provide on AltcoinsTalks.

Currently BTC price is still in a linear uptrend channel and there is no sign of falling out of this channel, although the wave fluctuations are not as expected. Currently, I fear that we face a high probability of a sudden price drop immediately after BTC falls below $78K, another better possibility is that BTC price will soon grow extremely strongly to balance the ongoing stagnation.

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.

[CryptoLaila]

I can only comprehension with the title somehow but it could be true but that doesn't mean using the calculations the calc[ high÷2].. Following the sell off it could trigger more Dip and even dipping beyond some expectations  and if eventually hitting that 50k then we might expect something more... I still think it's too early for this somehow ( still speculation)

[erus]

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.

Ok, I got the key from you for Bitcoin price this year because your explanations make sense to me with your graphic.

1.Bitcoin will reach $150,000 if Bullish occurs.
2.Bitcoin will reach $52,000 for a crazier correction before reaching $150,000.

Does my statement match your post reply? Isn't right?

[tequilla_sunset]

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.

Currently, the market is being manipulated heavily by different actors, and it shows.
So yeah, no concrete rules fo the price to change, we just need to see it for ourselves.

[examplens]

I rarely follow or take prediction applications seriously, but in a local group (on BTT), we discussed one tool. Interestingly, a similar graph was seen when BTC was above $100k.

[dave_strider]

^ We may see a further drop, but it would be bloody for any party going with leverage on BTC currently.

Because I do think there are many long orders already piling up 

[LogitechMouse]

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.

I believe that when we go below $70,000 and stayed below for a long time, that might be the sign that the bull market has reach its end and we are entering the bear market season again. 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.