• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Bitcoin price JP Morgan

Bitcoin Push Beyond $50,000 Creates New Era Of Hope, What Comes Next?

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Experiencing a decline to below $40,000 earlier this year, then steadily rising above $42,000, the price of Bitcoin (BTC) has witnessed a rollercoaster of fluctuations during this bullish phase.

Related Reading: Wall Street Gobbles Up Bitcoin Nearly 13 Times Faster Than It’s Made, Financial Guru Says

Bitcoin’s price has skyrocketed beyond the $50,000 mark, meeting investors’ expectations and hopes and confirming predictions from various crypto analysts.

Bitcoin Surges To Historic Heights Above $50,000

Recently, Bitcoin, the world’s largest cryptocurrency, experienced a price surge above $50,000, signaling its move out of bearish price trends. The unexpected price increase marked a significant moment for the cryptocurrency, as many crypto analysts have foreseen the price of Bitcoin reaching as high as $100,000 during the 2024 bullish phase.

At the time of writing, the cryptocurrency’s price was $50,049, reflecting a notable 16.70% increase over the past seven days and a 4.23% surge within the last 24 hours, according to CoinMarketCap. The cryptocurrency has experienced a 4.24% surge in market capitalization, now exceeding $983 billion. 

bitcoin btc btcusdt
BTC’s price trends to the upside on the daily chart. Source: BTCUSDT on Tradingview

As a result, popular cryptocurrency analyst Ali Martinez has taken to X (formerly Twitter) to discuss Bitcoin’s recent price surge and its impact on investor sentiment and the broader crypto market.

Sharing a chart illustrating the evolving sentiment of long-term holders, Martinez explained that Bitcoin holders tend to go through a series of emotions during a bullish period. These emotions start positive and strong before gradually leading to the usual Fear, Uncertainty, and Doubt (FUD) stage. 

He revealed that crypto investors and traders start a bullish phase with capitulation, progressing through hope, optimism, and belief, and eventually experiencing anxiety. This anxiety usually signals a potential price correction for a cryptocurrency. 

The crypto analyst disclosed that market sentiment enters another phase of belief after the price correction stage, often indicating the potential for a subsequent price surge.

It seems that the market has just exited its period of anxiety and re-entered its new phase of belief. Martinez has likened this transition to become a positive development for Bitcoin, predicting more gains for the cryptocurrency during the bull market.

Bitcoin Bullish Cycle Nearing Peak Performance

According to Martinez, the Bitcoin bullish cycle may be approaching its zenith, potentially reaching an all-time high not seen since November 2021, when the price of Bitcoin surged to almost $70,000. 

The crypto analyst revealed that Bitcoin has entered a bullish phase that could propel its price to new levels. He explained that after this upward momentum, the cryptocurrency could reach the “peak of euphoria,” which typically characterizes the end of a bullish cycle.

Related Reading: Crypto Cash Flood: $1 Billion Pours Into Digital Assets With Bitcoin ETFs Leading The Charge

Martinez stated that the next significant resistance level is around the $57,000 mark. He revealed that support levels for Bitcoin remain strong, having greater chances of overcoming resistance levels and potentially pushing the cryptocurrency upwards.

Cover image from Dall-E, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Bitcoin

Bitcoin And Ethereum Prices Crash, But Technicals Show What’s Next

8 hours ago
Bitcoin

Bitcoin Accumulation Trend Shows Signs Of Weakening, What Does This Mean?

9 hours ago
Bitcoin news

Leaked Chats Rock Bitcoin: Hard Fork Proposal Threatens Immutability

19 hours ago
Bitcoin

Bitcoin Cycle Inflows Hit $678 Billion: How Do Past Cycles Compare?

20 hours ago
Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

23 hours ago
Bitcoin Market Shifts Into HODL Mode As CEX Flows Cool Down – Details

Bitcoin Market Shifts Into HODL Mode As CEX Flows Cool Down – Details

1 day ago

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    23 hours ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    3 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    4 days ago
  • Snorter надхвърли $4 милиона след...

    5 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.