Q2 just started and BTC is playing with our emotions. It teased a rise back to 90k but hit a wall and is sinking again. Traders seem lost, some projects are delaying their listings. Do you think we'll hit 103k this year or drop to 50k or even lower? What’s your outlook for BTC?
Where's Bitcoin Headed Now
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If you look for reasons behind this resistance, it’s complex. One quarter isn’t enough to gauge Bitcoin’s trajectory in the long run. We just started Q2, and freaking out over short-term movements is pointless. Hold tight, folks.
Anything can happen in crypto. If you know there’s gonna be a dip, that’s when you should stock up. And if the market bounces back quickly? Sell at your target without second guessing. Panic won’t help.
shard_2013Full Member
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#4Jan 25, 2020, 05:16 AM
Honestly, I don’t see BTC hitting 50k anytime soon. Sure, it might dip more, but the bulls will come back to buy, pushing it up to 100k again before the next bear trend. Q2 might be dull, but I’m betting on Q3 being wild.
I think we all kinda believe that the bull market isn’t done yet. BTC should rise again, maybe even hit new ATHs. But just because we want it doesn’t mean it’s gonna happen. The market loves to go against the crowd. Always have a backup plan.
raven_2020Member
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#6Jan 27, 2020, 08:06 AM
Nothing has really changed. Bitcoin’s market is just mirroring the sentiment. No need for panic. We’ve seen this so many times, and it’s usually just the scared traders who freak out.
Totally normal market behavior. The only ones panicking are the FOMO investors. For veterans, this is just another bump in the road. Yeah, BTC could reach 50k or 103k, but we just gotta hold on.
ape_diamondMember
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#8Jan 28, 2020, 02:02 AM
50k is not what I'm expecting. If we hit 70k, the market might bounce back immediately. I doubt we'll see a smooth drop to 50k this year unless we get a massive crash. Most are just upset because they expected 100k by now.
It all hinges on how deep the correction goes. If we stay above 60k, we could see levels above 107k or even 140k. But if we dip below that, it could mean we've already hit the ATH for this cycle.
Last time it dropped from 67 to 34 and then shot back to 69. So maybe, just maybe, we’ll see something similar again. Who knows? History often has a way of repeating itself.
Looking at past cycles, I’d argue we’re still in a bull run. Historically, we see bullish patterns a year after a halving. I expect a bear market to kick in late 2025, so I’m not stressing over this dip.
Lol, did @OP have a few too many drinks? BTC already hit $109k. Why settle for 103k? People are looking for new highs, not just small gains. 50k is way too low, and if it hits that, everyone will panic.
chris.novaMember
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#13Jan 28, 2020, 08:34 PM
Honestly, I get the comparison to post-China bans, but this drop feels more like the pandemic aftermath. The whole market is shaky, affected by things beyond just BTC. Until those external factors stabilize, we might see more fluctuations.
wallet_2018Member
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#14Jan 28, 2020, 09:31 PM
I can’t say for sure about BTC’s future, but I have my theories. Getting to 100k this year seems unlikely since the hype around elections didn’t pan out as expected. Expecting 50k by summer seems more realistic.
The key is holding onto your Bitcoin. This dip is a chance for many to buy in. I still believe BTC can hit 100k again this year, and we’ve got time. Don’t rush to sell just because of a little dip.
miner_protoSenior Member
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#16Jan 29, 2020, 06:43 AM
BTC isn’t fooling anyone. Those who think a price drop is an embarrassment are just not accepting reality. Bitcoin has cycles, and many knew we were heading for a downturn. If you missed the signals, that’s on you.
real_protoNewbie
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#17Jan 29, 2020, 07:01 AM
Who’s BTC embarrassing? This is just how the market corrects. We’re not panicking; it’s just Q2 kicking off. Honestly, I think we could see 150k this year, maybe even 200k. I’m still hopeful.
Predictions for 150k or 200k were made during more optimistic times. With the current tariff situation, inflation could spike and throw everything off. Expectations are lowering, and many doubt BTC will even hit 100k this year.
nick_yieldMember
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#19Jan 31, 2020, 02:45 AM
Nobody knows for sure. I was shocked when BTC hit 76k. Is that the lowest we’ll see, or just the start of a bear market? Maybe we’re still in a bull run, and a bigger price surge is coming. Time will tell.
mike.degenMember
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#20Feb 1, 2020, 04:40 PM
No one can answer as I was also surprised to see the price going down to $76k and we don't know if this is the lowest low that we will see for this year or this is just the beginning of the bear market, or just another test as we are still in the bull run and at the end of the year, we will see a bigger price.
So only time can tell, of course we wanted to see around $150k or higher at the end of the year as that is our goal or at least that's what the consensus is seeing. But who knows, I'm just thinking that if we go $76k as the lowest then maybe we can x2 that in October-November-December and so $150k minimum all time high.