Topic: BTC approaches resistance - page 2. (Read 493 times)
Even though it's approaching resistance, bitcoin is definitely going to have a hard time breaking through it because it's probably the same as back then having a hard time getting at this point which is hopefully a good thing because that means that if it's broken, the prices will continue to rally up.
Bitcoin is at the latest resistance level between $45,400 and $46,965 today. I think it shouldn't be too difficult for Bitcoin price to break through the resistance level right now. the price is getting closer to $50,000 and we might even see it this week. If this process isn't interrupted by unsavory rumors, the price could be as high as $52,000 by the end of August.
Hopefully we get to break that 50k but it seems that the market is having a hard time breaking through the resistance at 50k, it seems that we will have the same hard time as resistance as back then when bitcoin was still trying to get into the 50k for the first time, probably when it breaks that again, we might see bitcoin go to 50k again.There's a huge chance that bitcoin will breal that price as the market really shows a great potential to comeback at that numbers and its just we don't know if this will happen this month or maybe on next month, so maybe if we want to do short then better to enter and find better position ak that we can ride up when bitcoin rise up again. Hopefully we will not see 50k in figures only but much better if more than that.
Bitcoin is at the latest resistance level between $45,400 and $46,965 today. I think it shouldn't be too difficult for Bitcoin price to break through the resistance level right now. the price is getting closer to $50,000 and we might even see it this week. If this process isn't interrupted by unsavory rumors, the price could be as high as $52,000 by the end of August.
Hopefully we get to break that 50k but it seems that the market is having a hard time breaking through the resistance at 50k, it seems that we will have the same hard time as resistance as back then when bitcoin was still trying to get into the 50k for the first time, probably when it breaks that again, we might see bitcoin go to 50k again.https://coinmarketcap.com/
but the next target is 50k if the increase persist though we can see the downtrend once again now almost dropping to below 44k at the posting time .
\but of at least we have seen the increase from below 30k level up to 47k continuously .
Bitcoin is at the latest resistance level between $45,400 and $46,965 today. I think it shouldn't be too difficult for Bitcoin price to break through the resistance level right now. the price is getting closer to $50,000 and we might even see it this week. If this process isn't interrupted by unsavory rumors, the price could be as high as $52,000 by the end of August.
Hopefully we get to break that 50k but it seems that the market is having a hard time breaking through the resistance at 50k, it seems that we will have the same hard time as resistance as back then when bitcoin was still trying to get into the 50k for the first time, probably when it breaks that again, we might see bitcoin go to 50k again. 
We need more results for bitcoin before we judge the potential of it within this month. Indeed still unpredictable, and there's a lot of "what if" on this situation in the market that need some answers.. Nevertheless it's near to the resistance level wherein after that there's a possibility it will plunges like what always happen, but let just hope that it will not happen and it makes a break out instead.. Because if we keep posting this kind of information there will be a massive dump that can push bitcoin to downward.. Much better to wait for more results in my opinion.
The current situation is very difficult to predict, because there are still many possibilities that can happen. So make sure to continue to monitor
the market, so that we always get the latest updates on Bitcoin movements. If we look at the current Bitcoin price correction, there are two
possibilities that will happen. The first possibility is that Bitcoin will rise to a resistance price of $48k, then the second possibility that the price of
Bitcoin will continue to fall to the price of $40k. So we need to be patient to wait where the Bitcoin price will actually move, but I believe Bitcoin
will go towards a price resistance of $48k.
We need more results for bitcoin before we judge the potential of it within this month. Indeed still unpredictable, and there's a lot of "what if" on this situation in the market that need some answers.. Nevertheless it's near to the resistance level wherein after that there's a possibility it will plunges like what always happen, but let just hope that it will not happen and it makes a break out instead.. Because if we keep posting this kind of information there will be a massive dump that can push bitcoin to downward.. Much better to wait for more results in my opinion.
Bitcoin is now expected to make a minor pull back maybe around $41,000 to $43,000 because there were reports that some countries has been facing a regulatory crack down.
This could actually interrupt Bitcoin's current upward momentum run, and it's currently happening now as Bitcoin is now trading around $44,000 down 2% from the last 48 hrs.
However, I'm quite optimistic Bitcoin will bounce back quickly after this short pull back, maybe before August ends.
I thought it was going to be a smooth path but no, $50k is a brick wall that had been created with top products. This could actually interrupt Bitcoin's current upward momentum run, and it's currently happening now as Bitcoin is now trading around $44,000 down 2% from the last 48 hrs.
However, I'm quite optimistic Bitcoin will bounce back quickly after this short pull back, maybe before August ends.
August seems to be an impossible month for it but I do believe it can before the year-end.
Ber months for most countries is when they find more money coming from their employers so I believe it is still reachable once small investors come in.
This new hack could be one of the reasons behind the recent dump.
https://www.coindesk.com/liquid-hack-japan-bitcoin-ether-tron-xrp
Quote
While the total amount stolen is yet to be determined The Block reported Thursday the value of bitcoin, ether, XRP, and tron could be upwards of $74 million.
Major price resistance have happened around $48300 after the first few resistance around $46k and $47k. Now the market seems to stabilize for the momentum gain. Maybe once after the ongoing altcoin market pump we can experience the next set of growth with botcoin moving forward to cross $50k. Right now we've got more positive news updates than the negative things. Probably we can expect something good out of the market by the starting of September.
Bitcoin is now expected to make a minor pull back maybe around $41,000 to $43,000 because there were reports that some countries has been facing a regulatory crack down.
This could actually interrupt Bitcoin's current upward momentum run, and it's currently happening now as Bitcoin is now trading around $44,000 down 2% from the last 48 hrs.
However, I'm quite optimistic Bitcoin will bounce back quickly after this short pull back, maybe before August ends.
If the S2F prediction model is to come true, in the month of September the highest price will be lower than August's top price. Bitcoin's price in September will be playing around $43,000. But this is not going to be a problem. This will not take us away from our 2021 target of at least $100,000. So I am not worrying if the price of Bitcoin cannot reach $50,000 very soon or within August. There's still a long way to go in 2021 and we are still pretty much on track to our goal.
Major price resistance have happened around $48300 after the first few resistance around $46k and $47k. Now the market seems to stabilize for the momentum gain. Maybe once after the ongoing altcoin market pump we can experience the next set of growth with botcoin moving forward to cross $50k. Right now we've got more positive news updates than the negative things. Probably we can expect something good out of the market by the starting of September.
Bitcoin is now expected to make a minor pull back maybe around $41,000 to $43,000 because there were reports that some countries has been facing a regulatory crack down.
This could actually interrupt Bitcoin's current upward momentum run, and it's currently happening now as Bitcoin is now trading around $44,000 down 2% from the last 48 hrs.
However, I'm quite optimistic Bitcoin will bounce back quickly after this short pull back, maybe before August ends.
Its got resistance but we dont know how much it comes back and that matters as to whether its worth being negative beyond immediate near term trades. I think on this chart we do put in a red weekly bar now and lose this change of just rising consistently
Red bar showing right now is still in formation, I'm just thinking a minor close possibly is fair given the rise prior. Blue line is the long term year average which I dont think we have any reason currently to believe we test this year.
Red bar showing right now is still in formation, I'm just thinking a minor close possibly is fair given the rise prior. Blue line is the long term year average which I dont think we have any reason currently to believe we test this year.
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.
Don't push your self mate reaching that amount in the end of 3rd quarter and besides what is the sense of reaching that in end of August then will fall till the end of the year. better to expect the goal of tapping the highest at least in December or November when the market will really shows the Bull running like what happens in the past halving season.though let us take this advantage to purchase more mate at discounted price and hold till December as that will be the decision time.
Bitcoin is at the latest resistance level between $45,400 and $46,965 today. I think it shouldn't be too difficult for Bitcoin price to break through the resistance level right now. the price is getting closer to $50,000 and we might even see it this week. If this process isn't interrupted by unsavory rumors, the price could be as high as $52,000 by the end of August.
Respect of the resistance right now would mean we cross back under the 200 day average which I reckon would reset us back a week to around 42k. That might not happen but if we go merely sideways it still means we lose momentum and likely traders retract some of their speculative trades, usually that would mean a lower price. Doesnt have to occur exactly that way but a pullback is quite likely, I then expect some recovery after that.
There is clearly no reliable resistance area on the chart, the only one I can think of is maybe $50K because its a nice round number. The last resistance I would say was $42K because it was resistance before we topped at ATH, then it was support, then it was resistance when we visited $30K. Since we broke $42K you can say we broke out of that range.
I think $42K is more of a strong support now. And $50K is a weak resistance if anything. I think the next major resistance is the ATH of $64K. Keep in mind one thing. Alot of people are bag holding in the $55-56K area. Most of those people will want break-even. So that is another area of interest where we might trade for a few weeks as the break-even sells are being absorbed by new buyers.
If we can break $60K, then I am pretty sure we will at least test ATH and perhaps break it and head to like $68K or $70K or so. Then who knows. Its still summer so volumes aren't the best.
You could really expect that people would go for +10k usd price level on where they do treat it up to be a resistance rather than going with other price level but seeing on technicals this isnt really the solid I think $42K is more of a strong support now. And $50K is a weak resistance if anything. I think the next major resistance is the ATH of $64K. Keep in mind one thing. Alot of people are bag holding in the $55-56K area. Most of those people will want break-even. So that is another area of interest where we might trade for a few weeks as the break-even sells are being absorbed by new buyers.
If we can break $60K, then I am pretty sure we will at least test ATH and perhaps break it and head to like $68K or $70K or so. Then who knows. Its still summer so volumes aren't the best.
resistance but well it isnt really that much of an issue though.
Whenever we do hit or break recent resistance then its normal for people to presume or go look after on hitting or breaking the next.We would need some news or demand in the market
before we would able to hit that previous ATH.
There is clearly no reliable resistance area on the chart, the only one I can think of is maybe $50K because its a nice round number. The last resistance I would say was $42K because it was resistance before we topped at ATH, then it was support, then it was resistance when we visited $30K. Since we broke $42K you can say we broke out of that range.
I think $42K is more of a strong support now. And $50K is a weak resistance if anything. I think the next major resistance is the ATH of $64K. Keep in mind one thing. Alot of people are bag holding in the $55-56K area. Most of those people will want break-even. So that is another area of interest where we might trade for a few weeks as the break-even sells are being absorbed by new buyers.
If we can break $60K, then I am pretty sure we will at least test ATH and perhaps break it and head to like $68K or $70K or so. Then who knows. Its still summer so volumes aren't the best.
I think $42K is more of a strong support now. And $50K is a weak resistance if anything. I think the next major resistance is the ATH of $64K. Keep in mind one thing. Alot of people are bag holding in the $55-56K area. Most of those people will want break-even. So that is another area of interest where we might trade for a few weeks as the break-even sells are being absorbed by new buyers.
If we can break $60K, then I am pretty sure we will at least test ATH and perhaps break it and head to like $68K or $70K or so. Then who knows. Its still summer so volumes aren't the best.
Yeah, some minor dip in the weekend and now we are back to $47k and will try to attempt to break that big resistance wall - $48k and above. If I'm not mistaken this is the third time that we will try, so hopefully we will be successful.
The truth is that we are (badly) used to very steep climbs in a short time and one sometimes despairs with the kind of sideways we experience. This is the price kind of moving sideways for the past 7 days:
but if we put things in perspective:
it seems clear that we are recovering from the Chinese crisis and that we are going to beat ATH again relatively soon.
Major price resistance have happened around $48300 after the first few resistance around $46k and $47k. Now the market seems to stabilize for the momentum gain. Maybe once after the ongoing altcoin market pump we can experience the next set of growth with botcoin moving forward to cross $50k. Right now we've got more positive news updates than the negative things. Probably we can expect something good out of the market by the starting of September.
Yeah, some minor dip in the weekend and now we are back to $47k and will try to attempt to break that big resistance wall - $48k and above. If I'm not mistaken this is the third time that we will try, so hopefully we will be successful.
Well altcoin pump has some trickle effect on bitcoin, but not that much, it should be the other way around. Nevertheless, the week has started and we should be optimistic that we will break that $48k barrier and hold and then wait a few more days or at least before the end of the month, $50k is already achieved.
Major price resistance have happened around $48300 after the first few resistance around $46k and $47k. Now the market seems to stabilize for the momentum gain. Maybe once after the ongoing altcoin market pump we can experience the next set of growth with botcoin moving forward to cross $50k. Right now we've got more positive news updates than the negative things. Probably we can expect something good out of the market by the starting of September.
When it comes to the price prediction we can't do anything about it but wait. The price pump won't be that easy if OP was expecting a quick results within a month but that's not how the market works unless if there's a fomo. So I think the better way to approach this is to wait if bigger company would invest in Bitcoin and create a tons of fomo then the $50k will be just a piece of cake.
But I highly doubt if they would consider to invest in Bitcoin because they never bother to buy Bitcoin when the price was cheap last year. Unless if they were Elon Musk then it will change everything in a minute. For now, let's just enjoy this fruitful $45k after a long time of staying in the $30k+.
On this progressive developments on price of btc, I guess it won't stay within $45k for too long. That's why we're facing resistance for us to keep at good shape, and once we've succeed on that point we will get more opportunities to see a promising price that could change our perspectives. Elon Musk did a great influence towards people, it's up to us if we're taking a ride on his predictions. His popularity made us more fascinated everytime he used to something interesting. But I highly doubt if they would consider to invest in Bitcoin because they never bother to buy Bitcoin when the price was cheap last year. Unless if they were Elon Musk then it will change everything in a minute. For now, let's just enjoy this fruitful $45k after a long time of staying in the $30k+.
It was like Bitcoin price hit a wall and it has started going down from $48k to a level right below $46k. This time, it wasn't able to break a resistance level. But I don't see it as a problem. The price has started to increase again. And I'm expecting the price to go over $50k in the coming week. I don't think this rally will end so soon.
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