Bitcoin faces strong resistance to reach $50k?

anti-dot

full member

Activity: 171

Merit: 100

The Standard Protocol - Solving Inflation

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

sr. member

Activity: 2030

Merit: 269

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

hero member

Activity: 2030

Merit: 402

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

sr. member

Activity: 1876

Merit: 318

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.

kayiboyu

member

Activity: 588

Merit: 10

$CYBERCASH METAVERSE

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

full member

Activity: 171

Merit: 100

The Standard Protocol - Solving Inflation

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?

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

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

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

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

sr. member

Activity: 868

Merit: 256

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

hero member

Activity: 2660

Merit: 551

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.

pooya87

legendary

Activity: 3472

Merit: 10611

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.

bots1

sr. member

Activity: 959

Merit: 278

Vave.com - Crypto Casino

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.

Jating

hero member

Activity: 2842

Merit: 772

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

sr. member

Activity: 1666

Merit: 268

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.

DeathAngel

legendary

Activity: 3332

Merit: 1617

#1 VIP Crypto Casino

$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.

Sanugarid

full member

Activity: 1442

Merit: 153

★Bitvest.io★ Play Plinko or Invest!

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.

StreakW

full member

Activity: 1189

Merit: 107

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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.

OrangeII

hero member

Activity: 2170

Merit: 503

Reward: 10M Shen (Approx. 5000 BNB) Bounty

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.

24Kt

member

Activity: 1092

Merit: 67

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.

STT

legendary

Activity: 4102

Merit: 1454

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.

Zedpastin

sr. member

Activity: 363

Merit: 323

Infographics save lives

Quote from: techearn17 on August 17, 2021, 03:55:13 AM

It is very important for bitcoin to break the 48,000 resistance and it is also important that bitcoin builds support so that we can go up to 50,000. If we don't break 48k today or tomorrow, we may soon see the price of bitcoin return to 29k But I hope we are bullish And Bitcoin will soon break 48K And we will see Bitcoin priced up to $ 50,000.

What is your reasons for Bitcoin dropping back down to 29k if we do not reach 50k? 50k target is your target and that does not mean that the market will dump again. There is no reason it will I think you are emotionally invested to much and whatever your target you set if it does not hit that you expect the worst.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Yaunfitda on August 16, 2021, 05:48:14 AM

Quote from: slaman29 on August 16, 2021, 05:42:47 AM

FUD should also keep going though, I hate it when it's all 100% good news, really not good or healthy for long term.

I guess FUD will keep on going, but bitcoin investors are so tired, and it's easy to spot this FUD from afar. As we mature, we learn not to listen to this FUD and keep on grinding day by day and keep on stacking stats for the eventual bull run before the end of the year.

Not that I'm saying I'm the most mature person after all these years (plus the years doing forex before that) but the news doesn't affect me much anymore because I just spend less time looking at prices now, and let my job take my remainder of my computer time.

It's nice to be a hodler in that sense. The crazy turns still make my heart go boop boop though:)

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need a Marketing Manager? |Telegram ID- @LT_Mouse

Just seeing it moving above the 21 Weekly Moving Average at the end of the week is a big bullish signal already.

We might see a short dump but I think that as long as Bitcoin remain above the 21 Weekly Moving Average then the chances of it going towards the upside is higher. Near $49,000 is the strong resistance so lets just say that the $50,000 is the strong resistance. We might break it in the succeeding weeks knowing that Bitcoin is moving upwards for 4 straight weeks already

. I just hope that this continues and for those who bought at near the bottom or at the bottom then congratulations

. Got some profit right now to buy some coffees Cheesy

.

Devifajarina

full member

Activity: 602

Merit: 102

Trident Protocol | Simple «buy-hold-earn» system!

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.

All the predictions that people make today about bitcoin have a higher degree of truth than the previous predictions, today bitcoin has good potential in the market, even bitcoin is likely to be the best for the following years, although currently there is not a single coin who can be like them.

Bitcoin will enter the green color at the end of this year with the hope that the selling price will be in the highest range from the beginning to the end of this year, if you look at the market conditions that occur, then the opportunity is very large, open and easy for them to achieve, this is proven if you look at the conditions current market.

techearn17

member

Activity: 518

Merit: 81

It is very important for bitcoin to break the 48,000 resistance and it is also important that bitcoin builds support so that we can go up to 50,000. If we don't break 48k today or tomorrow, we may soon see the price of bitcoin return to 29k But I hope we are bullish And Bitcoin will soon break 48K And we will see Bitcoin priced up to $ 50,000.

mumang siat

member

Activity: 498

Merit: 56

Buzz App - Spin wheel, farm rewards

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.

Many analyzes we find for Bitcoin today, but none of these analyzes are based on market scenarios and previous predictions that occur, people speculate against his thoughts in analyzing the current selling price of bitcoin without comparing the previous state of bitcoin.

This will not give birth to a reliable analysis, if there is no comparative study from before regarding bitcoin itself, but almost many analyzes say that bitcoin this year and next tends to be safe and stable, although market conditions continue to experience ups and downs for selling prices and buy it.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Sayeds56 on August 16, 2021, 07:33:41 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.

You are absolutely right that Bitcoin is facing tough resistance to reach 50K, it has been rejected many times at 48k and today trading even below 46K. I am not very optimistic now becuase it has made 4 consecutive Red candles on Day chart but still above 50 weekly Moving average. I think it has to break 48K before it reaches 50K or bears will take the charge and push it down to 44k which is next support. Bitcoin has to stay above 46,500 to preserve current Bullish trend.

$48k is the closest target price for bitcoin but with what happened in these few days, it seems, bitcoin price needs more time to increase and back to $47k before the price can still have more chances to go to $48k.
I am still optimistic that sooner or later, the price will be back to $48k and can increase to $50k, no matter how long we should wait to see the price start increases.
But we can not do anything if the bearish trend comes to the market, making our waiting time longer than before.
But we already have many experiences seeing bitcoin price is up and down, so there is nothing to worry about because the price will increase at the right time.

rahmatrf331

member

Activity: 588

Merit: 12

https://i.imgur.com/3fXQC4m.png

Quote from: AverageGlabella on August 14, 2021, 07:35:05 AM

Yes there is resistance but I am confident that we will get above the 50k by the end of the year. I thought we would get there at the end of this month but did not think we would see the resistance we are seeing now. If there are no negative stories that impact Bitcoin I think we will see above 50k next month or in November before a Christmas ATH.

The latest resistance this week was between $45.4k and is now firming back up to $46.4k. this price will break through $48k again in how many days it might break through $50k. after that it fluctuated again at $46k and held between $46.5k and $48.2k. I analyze this condition based on the probability of the previous price.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

$48,000 proved to be the harder resistance to break. I thought it was $50,000 that will be the weekend resistance. I was apparently wrong about it. But it is not a huge problem anyway. The support is also rising. It seems $45,500 is beginning to gather strength as a strong support. Sooner or later it will be the battle of breaking $48,000 once more. If it becomes successful, $50,000 will be the next target and $48,000 might probably be turned into a higher support.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

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.

You are absolutely right that Bitcoin is facing tough resistance to reach 50K, it has been rejected many times at 48k and today trading even below 46K. I am not very optimistic now becuase it has made 4 consecutive Red candles on Day chart but still above 50 weekly Moving average. I think it has to break 48K before it reaches 50K or bears will take the charge and push it down to 44k which is next support. Bitcoin has to stay above 46,500 to preserve current Bullish trend.

Lanatsa

hero member

Activity: 2968

Merit: 687

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.

Im always expecting for some retracement because it is just too impossible that there would be no correction after some sharp pump but having that kind of percentage increase isn't something
remarkable or uncommon into this market.We are indeed facing strong resistance on 50k level but once we do break it then it might really shoot up or going directly to 60k.
We do really need just some additional bullish sentiments or updates which might really be a good catalyst on pushing up the price but for now the only thing we could
do is to wait up on what would happen on the market.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: AverageGlabella on August 14, 2021, 07:35:05 AM

Yes there is resistance but I am confident that we will get above the 50k by the end of the year. I thought we would get there at the end of this month but did not think we would see the resistance we are seeing now. If there are no negative stories that impact Bitcoin I think we will see above 50k next month or in November before a Christmas ATH.

This is a fair assessment, there was a time when the market was struggling to breach the $40k resistance after reaching the all time high valuation and now we have overcome that resistance and the price is trading well above $46k and we might see an upward move in the coming weeks and personally i do not want to see the big rally now as i am also expecting the rally to get momentum in a couple of months.

BobK71

hero member

Activity: 2128

Merit: 658

Leading Crypto Sports Betting & Casino Platform

As of lately analysts are still mostly bullish on the bitcoin'r price, even at the lofty level compared with those just a few days ago. I deserve that It’s not exactly soaring but the price of btc very close to 50k if the price of btc reached in 50k or more then ,market will get into the green by all kind of traders as well as investors.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: slaman29 on August 16, 2021, 05:42:47 AM

Quote from: Reid on August 14, 2021, 02:32:55 AM

Green lights are showing. We may have to fasten our seatbelts because this will going up so fast. Grin

$50k without Elon Musk! Yey! It's already at $47k and I think it could break the resistance. It broke 45k already so there is no reason it should stop now.
FUD will stay but they should never stop because this happens whenever they take their rest.
The hacking incident might have contributed to this recent hike.

Actually, it's not going as fast as it normally can but I'm really happy for this to be honest:) Slowly does it, bit by bit, a new high every 2 or 3 days after a bounce from the bear attempts so that's great.

That is the current trend that we are a seeing, it will go down and then bounce back and goes for another high. $50k might be hit soon, maybe at the end of this month.

Quote from: slaman29 on August 16, 2021, 05:42:47 AM

FUD should also keep going though, I hate it when it's all 100% good news, really not good or healthy for long term.

I guess FUD will keep on going, but bitcoin investors are so tired, and it's easy to spot this FUD from afar. As we mature, we learn not to listen to this FUD and keep on grinding day by day and keep on stacking stats for the eventual bull run before the end of the year.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Reid on August 14, 2021, 02:32:55 AM

Green lights are showing. We may have to fasten our seatbelts because this will going up so fast. Grin

$50k without Elon Musk! Yey! It's already at $47k and I think it could break the resistance. It broke 45k already so there is no reason it should stop now.
FUD will stay but they should never stop because this happens whenever they take their rest.
The hacking incident might have contributed to this recent hike.

Actually, it's not going as fast as it normally can but I'm really happy for this to be honest:) Slowly does it, bit by bit, a new high every 2 or 3 days after a bounce from the bear attempts so that's great.

FUD should also keep going though, I hate it when it's all 100% good news, really not good or healthy for long term.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: RILWAN on August 14, 2021, 08:38:22 AM

We have achieved 50k bitcoin price before the price of bitcoin corrected down, but am very optimistic that in the next coming days bitcoin will make a recovery back above $50k and above.

But we need to wait until the unknown time when the bitcoin price will increase to $50k. In the long term, the price will reach that price and will be more than $50k. The trend is still bullish, but we will see many corrections happen, so we must be ready for that and if you think the price is a good price to buy, you can buy it right away before the price starts increasing.

rhodelmabanal

full member

Activity: 1251

Merit: 103

Buzz App - Spin wheel, farm rewards

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.

We are about to reach 50k$ to 60k$, Bitcoin is now at 47k$ so only 3k$ away from 50k$ and base on the movement of price price and it's volume Bitcoin has now a strong resistance to reach that 60k$ again. For now we need to still fucos on holding because I believe new ATH will be stablish soon.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: coin-investor on August 14, 2021, 10:23:16 AM

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 possible that the price can breach the $50k level, we are not yet halfway through the month I'm just happy that we finally reached the $40k level so many speculations that it will not reach that level my prediction is price will reach the $50k level and end the month at $52k level, those who bought at $35 level are in good profit now.

Or even those who bought at the lowest low price at $28k-$29k just last month alone, profit is there if we breach $50k at least. We are almost there, but the usual, support and resistance, the push and the pull before we can finally reach it.

This month is still long though, we have many days to do that, we are now again in the $46k levels, but no worries by the start of next week it will be a fresh trading activity for all of us and who knows, maybe we can see a momentum build again to $47k-$48k and stay at that price range.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

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 possible that the price can breach the $50k level, we are not yet halfway through the month I'm just happy that we finally reached the $40k level so many speculations that it will not reach that level my prediction is price will reach the $50k level and end the month at $52k level, those who bought at $35 level are in good profit now.

Cafex

member

Activity: 392

Merit: 10

It seems that Bitcoin couldn't manage to break the latest resistance level after reaching $48k. And it was a really sharp decrease from there. The price has gone down to $46.5k now.

Maybe this can be a price correction also. We see it sometimes after a good amount of increase. I think that Bitcoin price will start recovering again soon. I'm expecting to see the price at $50k next week.

proudhon

legendary

Activity: 2198

Merit: 1311

Strong resistance to reach $50k? lol how about impossible resistance.

RILWAN

member

Activity: 742

Merit: 12

Global peace initiative

We have achieved 50k bitcoin price before the price of bitcoin corrected down, but am very optimistic that in the next coming days bitcoin will make a recovery back above $50k and above.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: AverageGlabella on August 14, 2021, 07:35:05 AM

Yes there is resistance but I am confident that we will get above the 50k by the end of the year. I thought we would get there at the end of this month but did not think we would see the resistance we are seeing now. If there are no negative stories that impact Bitcoin I think we will see above 50k next month or in November before a Christmas ATH.

We already reach there so there's no doubt that it will touch again to the figures you give in future but we don't know on when this come since we all know market still unpredictable. That's why its important that we should have small amount of BTC hodl so that we will not left behind by those lucky holders earn when bitcoin price soar up. For now we should aim to earn and make our bitcoins multiply while there's an oppotunity to do it.

AverageGlabella

legendary

Activity: 1232

Merit: 1080

Yes there is resistance but I am confident that we will get above the 50k by the end of the year. I thought we would get there at the end of this month but did not think we would see the resistance we are seeing now. If there are no negative stories that impact Bitcoin I think we will see above 50k next month or in November before a Christmas ATH.

buwaytress

legendary

Activity: 3010

Merit: 3724

Join the world-leading crypto sportsbook NOW!

Quote from: STT on August 13, 2021, 05:38:49 PM

So we did bounce maintaining momentum and just as NYC closes its jumped up a bit more also. I think we are tending towards 50k area as OP mentioned and there abouts is a price of significance. Also the price hit 12hr average, at the start of 2021 often when we had a strong positive trend the market would keep above the 12hr average as it had good momentum.
I doubt we are challenged especially before Monday and Japan trading starts etc. but the constant power of 12hr momentum is like a 1/4 mile drive, its really rapid. I expect us to rest under 50k, theres a significant volume in that area, May 13th action was about this price and similarly that price has been a resistance/support area..

3rd weekend in a row now that numbers seem to be closing firm starting from end of market week Friday, after experience some bumps mid week. Hard not to see a test of 50k on Sunday horizon at this rate, but we should expect a few healthy failures there.

No rush, though. It's only mid-August and still more than 2/3rds of Q3 to play out the expected heated top.

Reid

hero member

Activity: 3052

Merit: 651

Green lights are showing. We may have to fasten our seatbelts because this will going up so fast. Grin

$50k without Elon Musk! Yey! It's already at $47k and I think it could break the resistance. It broke 45k already so there is no reason it should stop now.
FUD will stay but they should never stop because this happens whenever they take their rest.
The hacking incident might have contributed to this recent hike.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: pooya87 on August 13, 2021, 11:35:20 PM

It is not so much a "strong resistance" to reach $50k but it is a slow rise to get there. Which is a much better trend if you ask me because it creates a solid rise with much stronger supports that won't be broken again. For example it is highly possible that we won't see anything below $44k ever again. This wouldn't have been the case if price went from $30k to $45k in a single day. That's the same for $50k and above.

Agree, it's better we go on a true rise, not on an artificial rise just because we have some influencers out there trying to pump the market. Let it flow normally and see the price going up as natural as it can be.

Quote from: pooya87 on August 13, 2021, 11:35:20 PM

But I also believe that the FUD scare is still alive among some people and the whale shorters are still desperately trying to prevent the rise. Which is another reason why it is aslower rise.

Shorters are going to get REKT, they could continue, but as what expense? losing money, not a wise decision to go against the bullish flow right now. As far as FUD, I think if we did reach $50k, we might see another one, but I guess they won't be as successful, the China FUD is over, the hash rate is back to normal and above average now.

Rajamuda

sr. member

Activity: 924

Merit: 255

In my personal opinion, it still tends on high trends, but not sure that it will reach $50k, well of course we know that this signifies real evidence that is still a high chance to get good returns on investment, let's invest more and no need to hesitate.

pooya87

legendary

Activity: 3472

Merit: 10611

It is not so much a "strong resistance" to reach $50k but it is a slow rise to get there. Which is a much better trend if you ask me because it creates a solid rise with much stronger supports that won't be broken again. For example it is highly possible that we won't see anything below $44k ever again. This wouldn't have been the case if price went from $30k to $45k in a single day. That's the same for $50k and above.

But I also believe that the FUD scare is still alive among some people and the whale shorters are still desperately trying to prevent the rise. Which is another reason why it is aslower rise.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: slaman29 on August 13, 2021, 05:24:02 AM

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.

And just like that we are now heading to $48k the next big resistance before the $50k jump.

But it's coming on a weekend anyways, I feel that the volume might not enough for a push to $49k-$50k significant levels. Usually this time, traders are speculators are at rest, and then come back strong this Monday. So let's wait for the next 4-12 timeframes, I'm not seeing a significant drop maybe just a couple of % and then we are going back on the 16th.

anti-dot

full member

Activity: 171

Merit: 100

The Standard Protocol - Solving Inflation

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 is going to be exciting now whether we will see a heave fight at the $50k price level or not. We could also just blast through that level potentially, but nobody knows of course. I hope we won't get stuck for too long and leave $50k behind us as quickly as possible. What is also possible is that $50k becomes kind of the next check point in the market where we will go sidewards for a while without losing or gaining much from there.

STT

legendary

Activity: 4102

Merit: 1454

So we did bounce maintaining momentum and just as NYC closes its jumped up a bit more also. I think we are tending towards 50k area as OP mentioned and there abouts is a price of significance. Also the price hit 12hr average, at the start of 2021 often when we had a strong positive trend the market would keep above the 12hr average as it had good momentum.
I doubt we are challenged especially before Monday and Japan trading starts etc. but the constant power of 12hr momentum is like a 1/4 mile drive, its really rapid. I expect us to rest under 50k, theres a significant volume in that area, May 13th action was about this price and similarly that price has been a resistance/support area..

Kittygalore

member

Activity: 868

Merit: 63

Don't worry or fret about it, it will break soon, just takes some time, didn't it already break through it back in January? Continue to hodl and wait for the right time and price and you will enjoy profits that you didn't expect you will get.

conected

hero member

Activity: 1302

Merit: 503

Quote from: asrinur on August 13, 2021, 10:24:59 AM

The price of bitcoin has been on the rise this week after dropping $30K a few weeks ago. Looking at the chart of the bitcoin price movement, I think by the end of this month the BTC price will rise to $50k. That's because previously the price of bitcon had reached its highest price last April. So, be ready to invest and enjoy the results while the market is still in a bullish trend.

- The force in the support area needs to be large enough to achieve the results you want but after looking closely at the areas around the chart, some people with a lot of expertise in analysis also realize that there are quite a lot of orders and so-called walls that are difficult to break, it seems to be a rejection signal from some people who are applying leverage and are short. The next few price levels like 47k-49k are price zones that could very well be a battle between two opposing factions.

Obito

sr. member

Activity: 1274

Merit: 293

It's only natural, I mean there's a lot of people that are going to take profit in the market when it goes up but we just have to wait it out, like what happened last time, the resistance will eventually be broken and then the prices will ride smoothly again.

asrinur

full member

Activity: 671

Merit: 104

Buzz App - Spin wheel, farm rewards

The price of bitcoin has been on the rise this week after dropping $30K a few weeks ago. Looking at the chart of the bitcoin price movement, I think by the end of this month the BTC price will rise to $50k. That's because previously the price of bitcon had reached its highest price last April. So, be ready to invest and enjoy the results while the market is still in a bullish trend.

techearn17

member

Activity: 518

Merit: 81

Quote from: onecall123 on August 13, 2021, 10:16:16 AM

Quote from: Sayeds56 on August 13, 2021, 08:21:57 AM

Quote from: dataispower on August 13, 2021, 05:27:35 AM

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

Your long term prediction of Bitcoin price looks okay and it is likely to happen by the end of 2021 or first quarter of 2022. The current scenerio is range bound where Bitcoin is moving between 44K to 47K and BTC is facing tough resistance above 47K. It won't get into Bullish zone unless breaks 50k and makes two green candles on 4Hrs chart to confirm the trend.

Bitcoin is slowly returning to $50k, but it takes a long way to go to just pass over. BTC is again trying to break above the resistance area. Hold your positions because market looks good for BTC. The situation is different this time, so get ready. Is it possible that Bitcoin will break through the strong resistance of $47K this time around?

I'm seeing an increase in money at the moment but it would be nice if we could make up for that shortfall. I also think we will reach new heights. By the end of August, we may be able to raise the price to fifty-five or sixty thousand, and in November it may be seventy to eighty thousand.

onecall123

sr. member

Activity: 2156

Merit: 323

Quote from: Sayeds56 on August 13, 2021, 08:21:57 AM

Quote from: dataispower on August 13, 2021, 05:27:35 AM

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

Your long term prediction of Bitcoin price looks okay and it is likely to happen by the end of 2021 or first quarter of 2022. The current scenerio is range bound where Bitcoin is moving between 44K to 47K and BTC is facing tough resistance above 47K. It won't get into Bullish zone unless breaks 50k and makes two green candles on 4Hrs chart to confirm the trend.

Bitcoin is slowly returning to $50k, but it takes a long way to go to just pass over. BTC is again trying to break above the resistance area. Hold your positions because market looks good for BTC. The situation is different this time, so get ready. Is it possible that Bitcoin will break through the strong resistance of $47K this time around?

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: dataispower on August 13, 2021, 05:27:35 AM

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

Your long term prediction of Bitcoin price looks okay and it is likely to happen by the end of 2021 or first quarter of 2022. The current scenerio is range bound where Bitcoin is moving between 44K to 47K and BTC is facing tough resistance above 47K. It won't get into Bullish zone unless breaks 50k and makes two green candles on 4Hrs chart to confirm the trend.

dataispower

sr. member

Activity: 1330

Merit: 289

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

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.

Poker Player

legendary

Activity: 1372

Merit: 2017

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.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

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.

RILWAN

member

Activity: 742

Merit: 12

Global peace initiative

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.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

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.

roosbit

member

Activity: 893

Merit: 43

Random coins :)

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

hero member

Activity: 1666

Merit: 753

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.

romero121

legendary

Activity: 3234

Merit: 1214

DGbet.fun - Crypto Sportsbook

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.

BIN-BIN

member

Activity: 504

Merit: 57

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
Like this

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.

rodskee

full member

Activity: 2576

Merit: 205

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.

TravelMug

hero member

Activity: 2632

Merit: 833

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.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

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.

bocyaj

sr. member

Activity: 1313

Merit: 302

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

legendary

Activity: 4102

Merit: 1454

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.

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

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

carlfebz2

hero member

Activity: 2926

Merit: 722

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.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

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.

Oceat

sr. member

Activity: 2506

Merit: 368

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.

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

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

hero member

Activity: 2814

Merit: 553

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.

sunsilk

hero member

Activity: 3038

Merit: 634

Don't just look at the end of this week. There are more days to come and months remaining at the end of this year.

If you're that short, you really have to cope with what's going to happen but as someone who looks at the long term. We'll surely hit $50k again but there's no exact time and date when it will happen.

Just like the usual market, it's going to surprise us with a sudden rise and might surpass that $50k.

ajochems

hero member

Activity: 1305

Merit: 511

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.

If the price of bitcoin had reached the value of 50k, we can able to look into the 60k dollar in a short period. Now the market get into red by the passive traders. They just cut out the green by selling their hold stocking bitcoin. So dump after a continuous pump is common in trading.

BIN-BIN

member

Activity: 504

Merit: 57

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.

Topic: Bitcoin faces strong resistance to reach $50k? (Read 694 times)