Bitcoin faces strong resistance to reach $50k?

anti-dot

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Quote from: smyslov on August 21, 2021, 08:08:24 PM

Not anymore Bitcoin is very close to reaching their $50k level and it's possible that before we enter the fourth quarter of the year we are going to enjoy Bitcoin hovering $51k to $52k level, not even the recent hacking news on Japan exchange can bring down the price of Bitcoin, the market is doing great right now, FUDS are still there but the market manages to move upwards.

Right now Bitcoin seems rather to be fighting hard at just below the $50k level. I wouldn't be too sure that we are already close to another breakout in the positive sense. There is also less hype again and not really the greatest of all news, but rather just no news. There are more pressing issues in the media like the crises we have all over the world. Insofar I think that this doesn't feel like a moment where Bitcoin would indeed break out. It is also still summer time, people might be less trading and more travel. I would expect to see more speculation and price action in the months after August, perhaps October November when people spend more and more time in house.

smyslov

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Not anymore Bitcoin is very close to reaching their $50k level and it's possible that before we enter the fourth quarter of the year we are going to enjoy Bitcoin hovering $51k to $52k level, not even the recent hacking news on Japan exchange can bring down the price of Bitcoin, the market is doing great right now, FUDS are still there but the market manages to move upwards.

ILuckyGuyI

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There is a fallback in the price from $49.7k to $49k now. The current resistance level seems to be strong. But with the help of people who are buying Bitcoin, it can be easier to go over this resistance also. I wouldn't be surprised to see $50k before the end of the week. In the worst case, we will see the price in a few days I think.

Shasha80

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Quote from: kayiboyu on August 21, 2021, 06:15:00 PM

In the last 24 hours, Bitcoin price managed to reach $49.7k. And it is still over $49k now. There could be a powerful resistance now. But I think that Bitcoin won't have much problem to break this resistance in a short time also. Because there is a really high demand from people now. And it makes things easier for the price to continue rising.

Bitcoin's rise in 24 hours is incredible, and now it's still above $49k is a very positive thing. That's right, it's just a matter of time until it finally passes
the resistance price, because in the market it is very visible that the demand for Bitcoin is quite high. I am still accumulating the Bitcoins I have,
because I believe Bitcoin price will be bullish until the end of the year. So I don't want to miss the opportunity to make a big profit at the end of the year.

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In the last 24 hours, Bitcoin price managed to reach $49.7k. And it is still over $49k now. There could be a powerful resistance now. But I think that Bitcoin won't have much problem to break this resistance in a short time also. Because there is a really high demand from people now. And it makes things easier for the price to continue rising.

anti-dot

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Quote from: wxa7115 on August 20, 2021, 12:28:17 PM

Quote from: BIN-BIN on August 12, 2021, 03:16:26 PM

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

The resistance is without a doubt there however I do not really think is going to take long for bitcoin to surpass that level, after all even if it seems a key level for many I really do not think that is the case because it is too close to the all time high, so at the worst I expect a few days or maybe a few weeks in which we are going to be near the current levels and then out of nowhere that resistance is going to melt as if it was never there.

And since this is going to take so little time I do not really see the need to be worried about it unless you are a short term trader, if you are an investor then it doesn't really matter if bitcoin surpasses that level in a few days or weeks, we know that it is going to do it so just relax and let bitcoin do its thing.

Hm who knows, it could be similar to the $30k level we just had. Was going back and forth there, too. It looks healthy however, but those who got burned buying at $65k and selling again when they panicked might not be willing to risk it and burn their fingers again. I would like to know who the buyers are at these levels. Institutions, people who own Bitcoin anyway, or people who are new to crypto and now deem this a possibility to make some profit because they know where we came from?

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Quote from: wxa7115 on August 20, 2021, 12:28:17 PM

Quote from: BIN-BIN on August 12, 2021, 03:16:26 PM

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

The resistance is without a doubt there however I do not really think is going to take long for bitcoin to surpass that level, after all even if it seems a key level for many I really do not think that is the case because it is too close to the all time high, so at the worst I expect a few days or maybe a few weeks in which we are going to be near the current levels and then out of nowhere that resistance is going to melt as if it was never there.

We are already near that $50k, we touch $49k in the last 24 hours, but there is no momentum, as the price goes down to $48k. But it doesn't mean that we will continue to plummet, just a small dip is needed to go to $50k.

Quote from: wxa7115 on August 20, 2021, 12:28:17 PM

And since this is going to take so little time I do not really see the need to be worried about it unless you are a short term trader, if you are an investor then it doesn't really matter if bitcoin surpasses that level in a few days or weeks, we know that it is going to do it so just relax and let bitcoin do its thing.

I think the right term is anxious, everyone is waiting to see it going $50k or above this week. But the best thing is to wait for next week and see how it pan out.

wxa7115

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Quote from: BIN-BIN on August 12, 2021, 03:16:26 PM

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

The resistance is without a doubt there however I do not really think is going to take long for bitcoin to surpass that level, after all even if it seems a key level for many I really do not think that is the case because it is too close to the all time high, so at the worst I expect a few days or maybe a few weeks in which we are going to be near the current levels and then out of nowhere that resistance is going to melt as if it was never there.

And since this is going to take so little time I do not really see the need to be worried about it unless you are a short term trader, if you are an investor then it doesn't really matter if bitcoin surpasses that level in a few days or weeks, we know that it is going to do it so just relax and let bitcoin do its thing.

Boov

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Quote from: BIN-BIN on August 12, 2021, 03:16:26 PM

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

This week, I foreseen a large scale of bitcoin right now and for this week the price still going to be more crucial. After this current fluctuations, I guess there will upcoming spikes that's heading towards huge bounce. It's important to keep an eye of the market and don't skip every minute of chances.

btc_angela

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Quote from: pooya87 on August 19, 2021, 08:22:02 AM

Quote from: bots1 on August 19, 2021, 07:54:55 AM

The continued downward trend in Bitcoin prices which has tended to be consistent since the end of April has begun to make investors hesitate. The prospect of bitcoin's price may continue to decline, even for the rest of the year. If the price drop continues then the bitcoin price will probably hit $35k later this month.

I don't think anybody is hesitating to buy bitcoin, we have already seen how price went up from almost $30k all the way up to almost $50k. This shows that there is a huge demand for bitcoin and a ton of money that wants to jump in so much that they increase the price by $20000 in only a couple of weeks.
The only reason why $50k hasn't been broken yet is exactly the fact that price went up A LOT in this short amount of time so the day traders are cashing out their profit and also there are still a lot of bears who are going against the market. In a little while the price will start going back up again.

Agree, there is no hesitating on the part of the investors right now, if it did then we won't see the price going above $40k in a short amount of time. It's the usual correction as speculators then to squeeze some profits daily.

Bears going against the market will be futile long term. We are still in the bullish trend, so it's better not to go against the current market conditions.

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Quote from: bots1 on August 19, 2021, 07:54:55 AM

The continued downward trend in Bitcoin prices which has tended to be consistent since the end of April has begun to make investors hesitate. The prospect of bitcoin's price may continue to decline, even for the rest of the year. If the price drop continues then the bitcoin price will probably hit $35k later this month.

I don't think anybody is hesitating to buy bitcoin, we have already seen how price went up from almost $30k all the way up to almost $50k. This shows that there is a huge demand for bitcoin and a ton of money that wants to jump in so much that they increase the price by $20000 in only a couple of weeks.
The only reason why $50k hasn't been broken yet is exactly the fact that price went up A LOT in this short amount of time so the day traders are cashing out their profit and also there are still a lot of bears who are going against the market. In a little while the price will start going back up again.

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Quote from: BIN-BIN on August 12, 2021, 03:16:26 PM

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

The continued downward trend in Bitcoin prices which has tended to be consistent since the end of April has begun to make investors hesitate. The prospect of bitcoin's price may continue to decline, even for the rest of the year. If the price drop continues then the bitcoin price will probably hit $35k later this month.

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Quote from: DeathAngel on August 18, 2021, 03:00:17 PM

$50,000 is just a round number, whales at the moment don’t seem to want the price to surpass $48,000 but we are still in a bull market. Both resistances will be nuked as we pass them in 2021. Then there will be more resistance near the ath.

Yes, a round and whole numbers, but it is the biggest obstacles we have right now.

$48k will be breach soon, we have a good correction today and we are still above the average of $43k so that is a good sign. But if we go below that price then it will be a different story.

So for $50k to be reach, that $48k needs to be broken obviously, but I think we can do it this month. We have weeks to do that, lots of wiggle room for us.

Wawa2013

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Quote from: StreakW on August 18, 2021, 11:44:12 AM

I predict that the price of BTC will rise beyond $50k in the near future, especially with increasing institutional adoption. The bitcoin price could hit $50k in August before rising to $60k in September. the price increase will continue in October and eventually reach $100K in November.

Bitcoin has enjoyed quite a successful year thanks to a massive uptrend. Many analysts predict that the bull run will continue in the remaining months of 2021. However, the cryptocurrency has been on a downward trend in recent weeks. While it is wise to consult forecasts, you should include other technical and fundamental analysis. Predictions generally indicate future price increases.

I'm happy if your predictions come true, because I'd also really like to see Bitcoin return to $50k soon. But it looks very unlikely that this will happen
in August, as the price of Bitcoin has now dropped again to $44k. Whereas August will end in less than two weeks, that is far too short a time for
Bitcoin to rise to $50k. Unless there is good news about Bitcoin in the near future, it could trigger the price of Bitcoin to rise. But I believe this year
Bitcoin still has a chance to reach the price of $100k by the end of the year, so I take advantage of the Bitcoin price decline now, to buy more Bitcoin.

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$50,000 is just a round number, whales at the moment don’t seem to want the price to surpass $48,000 but we are still in a bull market. Both resistances will be nuked as we pass them in 2021. Then there will be more resistance near the ath.

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It did face strong resistance back then right? So it's obvious that we're going to see another resistance here because it did in the past and I think that it's actually a sign that there's resistance because it might be a sign that bitcoin's going to go up again.

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I predict that the price of BTC will rise beyond $50k in the near future, especially with increasing institutional adoption. The bitcoin price could hit $50k in August before rising to $60k in September. the price increase will continue in October and eventually reach $100K in November.

Bitcoin has enjoyed quite a successful year thanks to a massive uptrend. Many analysts predict that the bull run will continue in the remaining months of 2021. However, the cryptocurrency has been on a downward trend in recent weeks. While it is wise to consult forecasts, you should include other technical and fundamental analysis. Predictions generally indicate future price increases.

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Quote from: STT on August 17, 2021, 06:35:00 PM

Profit taking for sure and thats normal, doesnt mean its harsh resistance as buying also can be continual and result in progress through this price and higher. However its fairly predictable that price will take a rest on gains as alot of speculators arent true holders just participating for the price difference to profit short term. We are likely to meet resistance, perhaps pullback but also circle return and repeat this price action before finally resolving in future; how long that takes is the hard bit.

for a while I watched the price of bitcoin, after reaching a price of more than $ 47k, then the price will be pushed down and back to reach the price of $ 45k. it seems that currently many short-term holders are trying to take advantage of this moment. since august, it's happened several times.
however, it will surely find a breaking point, so the bitcoin price could hit $50k again. I am quite optimistic that the price of $50k can also be reached by the end of August. in fact, I refer to this article. when the bitcoin price can break through this resistance, it will most likely be at $50k or more.

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Quote from: STT on August 17, 2021, 06:35:00 PM

Profit taking for sure and thats normal, doesnt mean its harsh resistance as buying also can be continual and result in progress through this price and higher. However its fairly predictable that price will take a rest on gains as alot of speculators arent true holders just participating for the price difference to profit short term. We are likely to meet resistance, perhaps pullback but also circle return and repeat this price action before finally resolving in future; how long that takes is the hard bit.

Because we can just speculate on how the market behaves, but still hard to say we can precisely predict what will gonna happen next. So while the market is in motion, what we can do is think of ways on how to take profits from this up and down movement. Scalping is a good way to earn small profits. But you need to be cautious in trading, because one mistake, and all your accumulated profits may be wiped out.

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Profit taking for sure and thats normal, doesnt mean its harsh resistance as buying also can be continual and result in progress through this price and higher. However its fairly predictable that price will take a rest on gains as alot of speculators arent true holders just participating for the price difference to profit short term. We are likely to meet resistance, perhaps pullback but also circle return and repeat this price action before finally resolving in future; how long that takes is the hard bit.

Topic: Bitcoin faces strong resistance to reach $50k? (Read 671 times)