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

[JoyMarsha]

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

[taufik123]

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.
But some people will just panic and won't get in at this price because they don't have any spare money either.

[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.

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

True, and I could not agree more with this. I just want to add one more thing: people often underestimate the difference between long and short term. Long-term means at least a couple of years. I thought it is needed to be reminded nowadays when people are burning money in intra-day trading.

[debra]

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.
But some people will just panic and won't get in at this price because they don't have any spare money either.

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.

[taufik123]

-snip-
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.

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.
I still buy gradually when there is a continuous decline, just look at the decline chart and determine at the lowest support to buy back, the reserve money is really needed and it will give a big profit when the ATH happens again.

[SmartGold01]

If you follow the historical data for past years you would see that bitcoin performance is not that straight and sometimes the market break down very severely where lot of people could panic and sell of their holdings, and yes there are every possibility that it would drop to that particular price but, I don't think we are bear run since the bull run isn't over. This predictions can likely come only during bear run when market would dip into two equal parts or lower than expected.

[bayu7adi]

Unfortunately, many shamans do not get financial freedom... LOL... they have mystical powers and predictive powers, but why do they live ordinary lives... that opens our logic too, if a country is poor, why doesn't it just go to a shaman? Right? Yes, from that we can conclude that shamans are liars and can never accurately predict prices... or even predict everything... some people who believe them, do not realize that they are just victims of fraud...

So, regarding the price of Bitcoin from 100k to 50k because it was halved, there is indeed no definite reason, it can still happen with a small possibility, but seeing bitcoin below $60k is impossible after reaching ATH a few months ago... I am very sure, the price of BTC will not fall below $60k after this time... meaning there will be no more halving, although it is still possible, but I will never be sure it will reach that point...

[albon]

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.

[EmilTheBerg]

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.

I totally agree with you on that. I've got my eye on this $90k to $92k zone for bitcoin, it feels like a big deal. If it busts through or gets knocked back there, I think that's gonna decide where it's headed next. Stuff like new rules or what the big banks do could shake things up so I'm playing it safe for now. I'm planning to hold off till the end of the month because some stuff coming up might change how people feel about it. I'm keeping my phone close, checking the news and watching how the market's acting, don't want to miss a beat.

[omori]

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 

[albon]

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 

As the price of bitcoin increases or decreases so you may be tempted to sell BTC. When you want to sell bitcoin don't try because you could miss out on more important profits! It is difficult to accurately predict bitcoin's rally or price improvement, as various circumstances determine its ups and downs. Moreover, you cannot make any profit by selling your coins at a lower price. Alternatively, if you buy more today and hold on until the market recovers then you have every chance of making even more profit forever. Remember, recovery is more likely after a decline and that's how the economy operates.

[NotATether]

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.

[erus]

~snip~
https://app.bitcoin-meter.com/home
~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.
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.

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.

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.
With a note of -30,000 dollars from the all time high, I was inspired to create this topic and discuss it with you who have been Legendary in knowing Bitcoin for dozens of years.

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?

[Rruchi man]

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.)

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.
 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.

[memehunter]

I think I have mentioned that BTC is showing double bottom formation which is a bullish sign. Every thing is possible in market though but we base our judgment on some rationality and greater probability, and I don't think BTC dropping to 50k is more probable than BTC crossing ATH again.