Topic: BTC approaches resistance (Read 487 times)

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.

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.

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.

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.

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 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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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+.

Hopefully bitcoin market does that because I have a lot of cash right now and I want to make the most value when it comes to buying cryptocurrency, better to buy when it's much lower/cheaper right? I do have a considerable portfolio already but I really want to get a bigger profit no matter what.

Drop to $44k/high-$43k right now. Nice healthy drop. Could definitely see it going to low 40 to check that support that was previously resistance the past three months. Would like to see Bitcoin just bounce around the 40s for the next few weeks before heading over $50k later on in September. Build up that big gradual base instead of spiking up.

Drop to $44k/high-$43k right now. Nice healthy drop. Could definitely see it going to low 40 to check that support that was previously resistance the past three months. Would like to see Bitcoin just bounce around the 40s for the next few weeks before heading over $50k later on in September. Build up that big gradual base instead of spiking up.

The attempts had been so intense lately, and what I've observed yesterday many times that it's been closer to $50k as everyone said it's going to be tough challenge before surpassing this price.
We've been so fascinated these days, let's have some time to relax and wait for good progress that's awaiting for our asset.
To release those anxieties, let's not take it so serious and just have a chilling inspirations to make your holdings as a strong foundations for our success.

The price had been moving without any sentiment around which had been always a typical thing here on crypto.Speaking of breaking that resistance is no sure but if this
gradual increase rate will continue then we might really be breaking that 50k barrier.Lets just wait and basing on some technical analysis then it would really still
be possibly moving sideways with this current trend but lets hope that it would make out some significant movement for this month but im not really expecting
that much.

Indeed, it will be very supportive to see it like that, where breaking the $50,000 price is very supportive for us to continue to wait for the close of the end of this month. In fact, many believe that at the end of the year there was another strong push when Amazon officially opened payments with Bitcoin.

What happens though when we are about to close that resistance of $47k++ because it is just $1k from the current price we have right now.

Anyhow, I think $47k could be breach in the next 1-3 days, maybe we can see the price goes down a bit, but with the current FOMO we have, no doubt that $47k-$50k could be achievable even better the end of the month.

What happens though when we are about to close that resistance of $47k++ because it is just $1k from the current price we have right now.

Anyhow, I think $47k could be breach in the next 1-3 days, maybe we can see the price goes down a bit, but with the current FOMO we have, no doubt that $47k-$50k could be achievable even better the end of the month.

Indeed, bitcoin could break that level within this week as everyone's so much bullish after knowing that hashribbon is giving buy signal. As per history, bitcoin took bullish rally when hashribbon provided buy signals. Though we aren't sure yet about current situation whether it’s really a breakout or fakeout, until bitcoin's surpassing the price level of $50k-$55k. So, lets just wait to confirm it. 

Anyhow, I think $47k could be breach in the next 1-3 days, maybe we can see the price goes down a bit, but with the current FOMO we have, no doubt that $47k-$50k could be achievable even better the end of the month.

The price looks so promising as of today, I've seen some attempts of going down few hours ago but it really had broken all barriers. We're closer to the resistance of $47k, based on provided link and there's a possibility that $50k will be reached sooner.
No accurate data will be given, only predictions can be our best reference for now.

| BTC has been increasing since July 20 after it reached a local low of $29,278. It created a higher low on Aug 5 and resumed its ascent after.

So far, it has managed to reach a high of $46,700 on Aug 10.

It’s approaching a very significant resistance level between $46,800 and $47,800. The resistance is created by the long-term 0.5 Fib retracement level (white), the short-term 0.618 Fib retracement level (black), and a horizontal resistance area.

Reclaiming this level would go a long way in indicating that the trend is still bullish. However, while the Stochastic oscillator and the MACD are bullish, the RSI has a generated bearish divergence (blue).

Short-term weakness
The six-hour chart shows similar weaknesses. Both the RSI and MACD have generated multiple bearish divergences.

If a decrease occurs, the closest support levels would be found at $39,900 and $37,770. These are the respective 0.382 and 0.5 Fib retracement support levels.

The two-hour chart provides an almost identical reading, with the same divergences visible in the MACD and RSI.

Therefore, it would make sense for BTC to reach a top somewhere inside the aforementioned $46,800-$47,800 resistance area.
Wave count
While the long-term wave count is not entirely clear, the short-term count indicates that BTC is likely in wave five of a bullish impulse (black).
Projecting the lengths of waves 1-3 (black) gives a target of $47,750 while using the length of wave 1 gives a target of $47,250 (orange)