Bitcoin faces strong resistance to reach $50k? - page 4.

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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.

It's not over yet though, just in the last 24 hours, it looked like it was going to head down quite deep as it was red everywhere but then as soon as Asian markets closed over here, everything picked up again. Bitcoin back to making a weekly high on Friday. Altcoins are the same and really enjoying this boost. It could be the circle of giving I think so for another weekend. Very good August so far.

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Quote from: rodskee on August 12, 2021, 11:38:20 PM

actually the resistance is 47k in which what cannot be broken of bitcoin for monh now.

so maybe if we made it through 47k then the jump to 50k or more will be the next.

Yes, I previously thought that the next resistance would be at $50K, and said so in the WO thread, but on the face of it, it looks like we've hit earlier resistance at $47. If we get past that, there shouldn't be much of a problem until $50K, always keeping in mind that technical analysis is not a 100% reliable predictive tool.

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Quote from: STT on August 12, 2021, 06:56:52 PM

I dont think its strong resistance vs the prior uphill climb that was the prior range trade. Now its supported by prior range, we just pulled back to the weekly average. I can see it spiking to 49k even if we later sell off.

Easily climbing 46,100 again now while earlier today the price struggles to stand back to 45,000.

this must be another sign of the market making it to the top or at least taking again the 50 before the week ends?

Quote from: RILWAN on August 13, 2021, 03:07:30 AM

the bitcoin market mood looks bullish at the moment and I believe $50k is possible soon but it may take some correction before bitcoin recovers and reaches $47k to 50k price.

bullishing now yeah , after a day of downing now again we can see a bright green color in the 24 hours cycle hitting almost 2% again.

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the bitcoin market mood looks bullish at the moment and I believe $50k is possible soon but it may take some correction before bitcoin recovers and reaches $47k to 50k price.

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We will see $50k soon but if the market is not starting the move to the high price, we will not know when that will happen. We can just wait for something to happen to bitcoin and predict how higher the price will be in the next week. But we should realize that the price can not always increase in a short time. It seems the price will increase slowly and the price waits for something that we do not know because every time the price increases higher, the next hours, the price will be back to the lower price. That is happening many times since the price was at $30k.

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Resistance is good because once bitcoin breaks this barrier this will become the safety net to keep price above this price barrier. But one of the reasons price might not be holding at this price is because we could have pending sells at this price and everyone is anticipating a sell around this price, the only way up is to fill all pending sells at $50000 till non are left.

magneto

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Definitely.

I still think that the current bull run is probably near its tail end despite the best hopes of people trying to call the bottom at $30k. I think that the timing is a bit off for another bull blown bull market since we are already near the 2 year mark from the halving event.

$50k is sort of the reversal level, if we breach that point then we will likely see a huge round of rallies incoming - don't think it's that likely.

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The weekend is going to be big for bitcoin. As per the present market movements there is good resistance around $45000. Yesterday it dropped a little and today it has bounced back. Following the market changes of bitcoin there is growth with ethereum. With just a day left to end the week, there is more chance for bitcoin to stay around $45000. If there happens any bullish news we can expect the price mark a higher price than $45k.

If we discuss about the chances of price reaching $50k within this month, it is for sure. Because more bullish news is on-line.

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Quote from: rodskee on August 12, 2021, 11:38:20 PM

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

2 days before you posted this one asking about 48,000 target

https://bitcointalksearch.org/topic/m.57671749
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Quote from: BIN-BIN on August 11, 2021, 01:48:07 PM

but now you are seemingly asking for much higher resistance, what is the purpose?

The reason is simple, my analysis a base on weekly market performances I predict the 48k Bitcoin price last week because the market, according to my research, could break that benchmark but should not forget the volatility of the Bitcoin market. But this week you don’t expect Bitcoin to rely on around the same figure it ended its market in the last few weeks because this week the market capitalization of Bitcoin broke new height which shows buy pressure that can push the market upward in the weekend market.

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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.

2 Days before you posted this one asking about 48,000 target

https://bitcointalksearch.org/topic/m.57671749

Like this

Quote from: BIN-BIN on August 11, 2021, 01:48:07 PM

The general cryptocurrency market has been exciting, with Bitcoin gaining an all-time high of $46k since may 2021 in April Bitcoin made an all-time high of above $65k before correcting down to below $30k in mid-April.
Will $48k Bitcoin price be achievable this week?

but now you are seemingly asking for much higher resistance , what is the purpose?

actually the resistance is 47k in which what cannot be broken of bitcoin for monh now.

so maybe if we made it through 47k then the jump to 50k or more will be the next.

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Quote from: STT on August 12, 2021, 06:56:52 PM

I dont think its strong resistance vs the prior uphill climb that was the prior range trade. Now its supported by prior range, we just pulled back to the weekly average. I can see it spiking to 49k even if we later sell off.

[..snip..]

I think we are still above the weekly average of $43k? And it seems we have a good support at $45k, although the climb to $47k-$48k has offered strong resistance.

So a $50k might be too strong as well, but if order to get there, we might need another dip to the weekly average or better below it, before going up to $50k on the next two weeks, that is my prediction based on the charts.

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Last time when Bitcoin breached 50K, it was a relatively smooth run. If you remember, the exchange rates rallied from $30,000 to $58,000 in less than a month. And back then, I couldn't notice any major resistance at 50K. And when this is the case, I don't think that this time we will get any significant resistance at that level. IMO, the next major obstacle will be to breach the already established ATH ($64,000). It may take a while to cross that level, and once that is done it should be smooth sailing towards the six digit mark.

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Quote from: STT on August 12, 2021, 06:56:52 PM

I dont think its strong resistance vs the prior uphill climb that was the prior range trade. Now its supported by prior range, we just pulled back to the weekly average. I can see it spiking to 49k even if we later sell off.

Their is crash after a pump. This pump will lead the price to 50k dollar for sure. When the pump happened, hold the coin to taste some good profit. After a reach of 50k, their won't be any resistance to reach the old all time high of 60k dollars. If the price crossed 50k, just hold and not sell.

STT

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I dont think its strong resistance vs the prior uphill climb that was the prior range trade. Now its supported by prior range, we just pulled back to the weekly average. I can see it spiking to 49k even if we later sell off.

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Better slow and steady than fast and then crash hard. We will have our 6 digits. Just be patient.

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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.

Hard to tell most of the time specially if you dont see any news or sentiments that floats around the market which simply means that we do need to make use of technicals on where it do shows up some

retracement or pullbacks which is normal.50k reistance isnt something that can be easily broken for sure but we know that bitcoin could surprisingly able to reach or break out heights unexpectedly.

We didnt even expect that the price could break 40k easily after it had bee moving sideways in 30k+ price for a while already or simply on consolidation state.

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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.

Predictions is hard to say right now, many figures that came to my mind but it's just a mere speculations which couldn't be easy. We need people who demand to hold bitcoin, hype isn't just enough as a strong factor but the support of whales must take a big role right now. Without them we can't have a booming market.

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Quote from: Oasisman on August 12, 2021, 05:07:29 PM

Bitcoin has been overbought for almost 3 weeks now. We have not seen any sharp correction after it took off from the $30,000 level.
There's an speculations that Btc might experience a significant drop before it bounces back up to $55,000, maybe around September.
However the correction might not be as sharp as going below $30,000, but maybe around $35,000.

Currently, $50,000 is considered a strong resistance after Btc broke the $46,000 level. Let's see If this rally continues.

For now, $50k might be considered as a strong resistance but once it broke $50k, I would consider $60k as a strong resistance for now if what I see will going to happen. If people want to dump they should do it already but they aren't and this small drop we've seen is just the normal day of a trader. Bitcoin price looking parabolic this time especially if it continues to break the strong resistance, I guess most traders waiting for a news article that would create a fomo.

Without it we might be either seeing the correction to happen or Bitcoin would stay in $40k to $49k range just like what happened in the past months.

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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.

Gladly we've been feeling amazing things over the past days of Bitcoin, and now there's a slight corrections happening. I don't know how short traders handles this kind of situation, my only advice for them is to hold and tight their belts on this progression. We're not going to predict an additional idea here about the price but I think $50k is more than enough if we're going to beat that. Because the graphical trend looks promising and the unpredictability of crypto market created different surprising pattern which is not transparent to all of us.

Oasisman

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Bitcoin has been overbought for almost 3 weeks now. We have not seen any sharp correction after it took off from the $30,000 level.
There's an speculations that Btc might experience a significant drop before it bounces back up to $55,000, maybe around September.
However the correction might not be as sharp as going below $30,000, but maybe around $35,000.

Currently, $50,000 is considered a strong resistance after Btc broke the $46,000 level. Let's see If this rally continues.

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