BTC approaches resistance | Bitcointalksearch.org

Hamphser

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Quote from: justdimin on August 29, 2021, 04:00:21 PM

Quote from: gabbie2010 on August 29, 2021, 08:57:06 AM

Quote from: asrinur on August 23, 2021, 03:44:26 AM

Bitcoin price has managed to touch the current $50k level. if the trend continues to increase, Bitcoin has a chance to touch a new resistance level near $60,000. I'm sure the price of bitcoin will again reach new ATH later this year especially since the market is very bullish right now.

That shows the strength of the resistance at $50K is very strong, it is also a psychological level, a pullback by the price will break it provided the bullish volatility of the price is sustained, however once the resistance is eventually broken the price will pullback and the resistance turned support will trigger the price to reach $60K based on Price Action provided that their is no price manipulation by the whales which is usually synonymous with price dump, recall the recent blackmail of Bitcoin by Elon Musk consequently which resulted to the last price crashed.

I do not care if it is a problem or not that we can't break 50k just yet and it looks like a resistance for now. The reality is that we do not really have to deal with anything, we do not have to deal with the 50k problem right now, it is a not problem for me at all. You know why? Last time we want to go over 50k, it was so easy and we broke over it so easily and became like 58k very soon afterwards, it wasn't a problem at all, why? Because when you are in an obvious bull run, you end up making a lot of ground and go higher and higher a lot easier than right now.

We are having a bit of problem right now, but that doesn't change the fact that we do not have to have that problem later on in the world neither. So we just need to wait, wait for that moment when we go over 50k like it is nothing and that is how we will make a lot of money.

Why people are always in a hurry? Instead on stressing theirselves on when we do break any resistance then it would be better to secure your position and wait up for some significant rise.

It would be much more worth rather than making up long term trades which you dont know on when it would happen which would really result into long waiting which it isnt really that appealing for me.

Every resistance isnt something can be easily broken if there are no strong positive sentiments circling around.

STT

legendary

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Decline below the 2 day and weekly average but this is just a smaller short term sign of the overall sell and weakness in this area. I reckon we drop below 200 day moving average into the 50 day area before recovering, its hard to say if that move is a sharp move down or a more structural adjustment in part reaction to Labor day type selling into autumn markets and Fed moves apprehension perhaps.

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Quote from: gabbie2010 on August 29, 2021, 08:57:06 AM

Quote from: asrinur on August 23, 2021, 03:44:26 AM

Bitcoin price has managed to touch the current $50k level. if the trend continues to increase, Bitcoin has a chance to touch a new resistance level near $60,000. I'm sure the price of bitcoin will again reach new ATH later this year especially since the market is very bullish right now.

That shows the strength of the resistance at $50K is very strong, it is also a psychological level, a pullback by the price will break it provided the bullish volatility of the price is sustained, however once the resistance is eventually broken the price will pullback and the resistance turned support will trigger the price to reach $60K based on Price Action provided that their is no price manipulation by the whales which is usually synonymous with price dump, recall the recent blackmail of Bitcoin by Elon Musk consequently which resulted to the last price crashed.

I do not care if it is a problem or not that we can't break 50k just yet and it looks like a resistance for now. The reality is that we do not really have to deal with anything, we do not have to deal with the 50k problem right now, it is a not problem for me at all. You know why? Last time we want to go over 50k, it was so easy and we broke over it so easily and became like 58k very soon afterwards, it wasn't a problem at all, why? Because when you are in an obvious bull run, you end up making a lot of ground and go higher and higher a lot easier than right now.

We are having a bit of problem right now, but that doesn't change the fact that we do not have to have that problem later on in the world neither. So we just need to wait, wait for that moment when we go over 50k like it is nothing and that is how we will make a lot of money.

gabbie2010

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Quote from: asrinur on August 23, 2021, 03:44:26 AM

Bitcoin price has managed to touch the current $50k level. if the trend continues to increase, Bitcoin has a chance to touch a new resistance level near $60,000. I'm sure the price of bitcoin will again reach new ATH later this year especially since the market is very bullish right now.

That shows the strength of the resistance at $50K is very strong, it is also a psychological level, a pullback by the price will break it provided the bullish volatility of the price is sustained, however once the resistance is eventually broken the price will pullback and the resistance turned support will trigger the price to reach $60K based on Price Action provided that their is no price manipulation by the whales which is usually synonymous with price dump, recall the recent blackmail of Bitcoin by Elon Musk consequently which resulted to the last price crashed.

Dave1

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Quote from: Spack17 on August 26, 2021, 05:11:45 PM

You predicted it correctly. Bitcoin price reached $50k a few days ago. But now, there is a price correction I guess and we started observing until what level it will continue to decrease. We saw $46k in the last 24 hours. I think that it may continue until reaching $45k. Then, we can see it starting to climb and going over $50k again. This time, the new target will be $55k.

As long as we are not going below $43k (which is the average for this month), the market is still on the bullish signal. What we are seeing is the normal price movement, we hit the $50k and since this is a big resistance, not enough volume and momentum, thus investors are cashing out. On the other hard, if we see a correction, there is a big chance the many investors will want to get in cheap at $45k-$46k and then push the price to and close to $50k again.

Spack17

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You predicted it correctly. Bitcoin price reached $50k a few days ago. But now, there is a price correction I guess and we started observing until what level it will continue to decrease. We saw $46k in the last 24 hours. I think that it may continue until reaching $45k. Then, we can see it starting to climb and going over $50k again. This time, the new target will be $55k.

hello_good_sir

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Another resistance at $50k, it seems.

I think that the bull run is very close to its tail end right now. Sure, we could potentially see a few green days over the coming weeks but I think the general trend is consolidation from here.

Expect the $40k support to be retested. I'm saying this as a long term bitcoin bull, and I believe that these dips along the way would be the perfect opportunity to accumulate.

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Bitcoin has broken through the $50k resistance after a month of downward correction. If the current bullish momentum is maintained, the upward momentum is likely to continue. The next target price of $55,000 is likely to be reached. Therefore there is a possibility of an up move and that indicates the potential to see the crypto market return to its bullish run.

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Quote from: asrinur on August 23, 2021, 03:44:26 AM

Bitcoin price has managed to touch the current $50k level. if the trend continues to increase, Bitcoin has a chance to touch a new resistance level near $60,000. I'm sure the price of bitcoin will again reach new ATH later this year especially since the market is very bullish right now.

resistance should be 55k mate as we had already broke the 50k hard resistance and bitcoin took more than 2 months before taking this back again but if the 55k reached once more so best that expect a 70-75,000 price for bitcoin.
lucky those who bought when the price leveled at 30k because sooner they are doubling the funds and may increase x1.5.

Quote from: StreakW on August 20, 2021, 08:26:31 AM

I think if the bullish trend continues, then Bitcoin price will reach $50k again soon. the crypto market has been consolidating for several weeks, so many people are waiting for an upward movement in late August or early September.

1 day after your post , bitcoin now permanently seat at 50k and even growing to 51k any moment now.

Kong Hey Pakboy

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Quote from: asrinur on August 23, 2021, 03:44:26 AM

Bitcoin price has managed to touch the current $50k level. if the trend continues to increase, Bitcoin has a chance to touch a new resistance level near $60,000. I'm sure the price of bitcoin will again reach new ATH later this year especially since the market is very bullish right now.

I am hoping that it will break the prices again and from then on we get to see the price go at 70k and stall there as some of the investors would probably see that point as the best time to sell their bitcoin and take some profit, hopefully we go down at 60k and then rally again.

STT

legendary

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There is volume in this area but I wonder if this trend we've followed is much restraint to BTC progress, seems to be mostly a rough guide and I will be negative if we lose it.
We had a downtrend in play around the 17th but that has resolved in favor of the weekly trend which has been pretty aggressively rising. We remain above 12hr and 2 day fast averages.

asrinur

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Bitcoin price has managed to touch the current $50k level. if the trend continues to increase, Bitcoin has a chance to touch a new resistance level near $60,000. I'm sure the price of bitcoin will again reach new ATH later this year especially since the market is very bullish right now.

jakdanyel

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Bitcoin has been continuing to break resistance levels one by one. There is a huge demand for Bitcoin these days and it continues to increase. The more the demand is, the bigger the price is also. The price reached 48.9k dollars in the last 24 hours. This could mean that it is likely to see the price at 50k dollars very soon.

boltz

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It will pass the 50k resistance and I have no more doubts about it. Bitcoin is looking very strong right now and it seems the markets are about to make a great comeback and recovery or at least this is what I see and feel right now. However, the first important step for the next days would be to test 50k or near it for once or twice before it breaks it.

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Quote from: cryptomaniac_xxx on August 20, 2021, 12:33:52 PM

That resistance has been broken already, we are now above $48k++.

So as I have said, the dip really did good things for investors, as it allowed those who wanted to enter at $44k. The next interesting thing to watch is how are we going to sustained it. $48k has been a big resistance already, but since it has been broken for the first time after many attempts, there could also be potential speculators that are going to sell off and make profits. Let's see how it goes this weekends.

It is always a hard thing when you are doing something like this, it is really not an easy thing because you have to wait for it to go back up and many people are trading with emotions so whenever it goes down a bit they are getting excited about it and then start selling and that's when they make a mistake because usually after a fall the price goes up and they get upset over it.

We need to remove all these emotions out of our minds in order to make sure that we could make a profit, if we keep these emotions going then we are going to keep losing money at all times because that is how things are and there is no way around it and I get that it is hard to get rid of emotions but do it just during trading, emotions are what makes us human so we should try to embrace them as much as we can in our lives but just not during trading because it only hurts us.

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Quote from: Poker Player on August 20, 2021, 08:35:23 AM

Quote from: Nathrixxx on August 11, 2021, 05:18:48 AM

Hopefully before the end of August, btc might have reach the peak of $50,000 isn't this good, investors are smiling, below are detailed current status as at the time of making this post.

Quote from: StreakW on August 20, 2021, 08:26:31 AM

I think if the bullish trend continues, then Bitcoin price will reach $50k again soon. the crypto market has been consolidating for several weeks, so many people are waiting for an upward movement in late August or early September.

Actually, we are approaching the most recent resistance, which is above $47,700.

I would have said it would be easier for us to get to $50K but it is taking us longer than I expected. I hope that soon we get a parabolic rise of those we are used to the Bitcoin and we beat the previous ATH of $65K in the blink of an eye.

That resistance has been broken already, we are now above $48k++.

So as I have said, the dip really did good things for investors, as it allowed those who wanted to enter at $44k. The next interesting thing to watch is how are we going to sustained it. $48k has been a big resistance already, but since it has been broken for the first time after many attempts, there could also be potential speculators that are going to sell off and make profits. Let's see how it goes this weekends.

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Quote from: Poker Player on August 20, 2021, 08:35:23 AM

Actually, we are approaching the most recent resistance, which is above $47,700.

I would have said it would be easier for us to get to $50K but it is taking us longer than I expected. I hope that soon we get a parabolic rise of those we are used to the Bitcoin and we beat the previous ATH of $65K in the blink of an eye.

Who knows as Bitcoin most of the time surprises the holders, taking some time but much better since it's forming a much stronger barrier.

If this current movement continue to gain strength, this bullish run will keep on moving upwards,
a good sign that breaking $50K is getting nearer.

I also like to see reaching another ATH very possible before this year end, hold and wait for now.

Poker Player

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Quote from: Nathrixxx on August 11, 2021, 05:18:48 AM

Hopefully before the end of August, btc might have reach the peak of $50,000 isn't this good, investors are smiling, below are detailed current status as at the time of making this post.

Quote from: StreakW on August 20, 2021, 08:26:31 AM

I think if the bullish trend continues, then Bitcoin price will reach $50k again soon. the crypto market has been consolidating for several weeks, so many people are waiting for an upward movement in late August or early September.

Actually, we are approaching the most recent resistance, which is above $47,700.

I would have said it would be easier for us to get to $50K but it is taking us longer than I expected. I hope that soon we get a parabolic rise of those we are used to the Bitcoin and we beat the previous ATH of $65K in the blink of an eye.

StreakW

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I think if the bullish trend continues, then Bitcoin price will reach $50k again soon. the crypto market has been consolidating for several weeks, so many people are waiting for an upward movement in late August or early September.

timerland

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Yeah, the resistance at $50k seems to be very firm.

I don't think that it will be an issue in the long run for BTC to breach $50k given that fiat is ultimately an inflationary asset (a very inflationary one at that in recent months). However, there is a chance that we will fail to reach that figure during this bull run.

The technicals are certainly indicating the top for this bull market is behind us, and sentiment analysis would also show a decrease in retail enthusiasm. But again these problems are negligible in the long run.

Topic: BTC approaches resistance (Read 484 times)