The first hurdle of 50k has being crossed and probably for me this was the biggest huddle as rising form 30k to 50k was never going to be an easy one. But now I am positive about the next few levels which is 60k and 70k which we may see in coming months only.
Topic: BTC Bull Attempts to Break $50,000 - A Psychological Hurdle as well as The Next - page 2. (Read 417 times)
August 29, 2021, 04:59:23 AM
August 28, 2021, 10:02:28 PM
Yeah, definitely a big psychological resistance here.
Psychologically resistance ? nope it does really broken lol.50k is once again going on now as the price needs to reach 50k again from 49k now.
Quote
I think that if we are able to break through that level then we would be in for a trend reversal and see the bulls resurge to the $60k level to test the ATH.
it does not happened mate, lets see since we are close back again now.Quote
But if not, we're probably going to see a correction down to $35k again to test support there. Either way, I think that with the institutional presence this time round we're more likely to get a band of stability compared to the volatility that we've seen in the past.
nope there is no correction that falls that low, the lowest is 46,000 and now climbing back to 50,000 again.https://coinmarketcap.com/currencies/bitcoin/
and the graph is working good now here >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
August 28, 2021, 07:00:14 PM
Yeah, definitely a big psychological resistance here.
I think that if we are able to break through that level then we would be in for a trend reversal and see the bulls resurge to the $60k level to test the ATH.
But if not, we're probably going to see a correction down to $35k again to test support there. Either way, I think that with the institutional presence this time round we're more likely to get a band of stability compared to the volatility that we've seen in the past.
I think that if we are able to break through that level then we would be in for a trend reversal and see the bulls resurge to the $60k level to test the ATH.
But if not, we're probably going to see a correction down to $35k again to test support there. Either way, I think that with the institutional presence this time round we're more likely to get a band of stability compared to the volatility that we've seen in the past.
August 28, 2021, 06:41:42 PM
The recent chart looks to me like a smaller version of the $30k to $64k movement - first it started very fast but then slowed down and after that came a crash. I will not be surprised if a crash will come soon. Both charts mean that after a resistance was failed to be broken after a few tries and bullish momentum was lost, investors start to take profits because they don't see a potential for upside in short term.
Really interesting what will happen in the next couple of weeks. Can we surpass the 50k mark and sustain that level for long? But with good news coming from countries like Cuba, in addition with El Salvador, this creates positive vibes in the market. Now, we are just waiting for other countries to follow their move. And also, for other big companies to add bitcoin in their payment method.
August 28, 2021, 06:38:28 PM
The recent chart looks to me like a smaller version of the $30k to $64k movement - first it started very fast but then slowed down and after that came a crash. I will not be surprised if a crash will come soon. Both charts mean that after a resistance was failed to be broken after a few tries and bullish momentum was lost, investors start to take profits because they don't see a potential for upside in short term.
August 28, 2021, 06:31:28 PM
well it seems to me the resistance that is at $50500 is very strong and in the 3 attempts that bitcoin made to break that resistance it was pushed down to the point of falling to the support that is at $46200, currently bitcoin is trading between the $46000 support to $49,000 resistance, in the next few days I believe we will see in which direction it will either break the resistance or break the support and fall
August 28, 2021, 05:45:04 PM
On the daily chart, Bitcoin has been trading inside a rising wedge pattern for the past few days. The bulls flipped the $49,000 level to support on Aug. 23 and pushed the price above the psychological level of $50,000. After crossing above EMA100 line, BTC found support on the MA20 ($45.9k) . The relative strength index (RSI) is near overbought levels, which could encourage profit taking around resistance. However, Upside momentum is strengthening on the daily chart, which suggests buyers are in control. The critical zone bitcoin needs to reclaim is $55,000-$58,000.
More details:https://www.bex500.com/college/category?cid=57&aid=299
More details:https://www.bex500.com/college/category?cid=57&aid=299
For me, I would love to see price surpass $50k once again and after the wave five resistance break that's the time btc stabilize within range of $50k to $60k attempts.
On this stage, momentum became stronger and we will be able to see a great pumps in the near future and have another Bitcoin ATH.
August 28, 2021, 04:16:45 PM
Bitcoin price continued to rise and managed to break through the $50,000 level. This upward trend is expected to continue and potentially touch the $100,000 level this year. Bitcoin continues to show a positive trend has passed its key psychological level, at $50,000, which marks a strong dominance of investor interest. Is it really going back in Bearish, or will it be a minor correction after crossing $50,000. All of that is a confirmation priority for us, by sticking to bitcoin's strong fundamentals over the long term.
We enter into bullish zone and these dumps are the correction. Bitcoin is trading between $47K~$49K for a while. There is a heavy selling pressure, despite that $49K momentum good sign to see further move. Bitcoin market is turning into green, this weekend is going to be massive. As per market a analysis it will goes to 50k shortly. I wouldn't call this dump though, just the normal dips during weekend as trader are cashing out for their two days rest, and taking profits. We have entered bullish zone once we goes above that lowest low for this year which is about $29k. And there's no heavy pressure to sell right now as everyone is anticipating another run to $50k-60k up to September. But it won't be an easy sailing as we will encounter this minor dips along the way.
August 28, 2021, 12:34:43 PM
Bitcoin price continued to rise and managed to break through the $50,000 level. This upward trend is expected to continue and potentially touch the $100,000 level this year. Bitcoin continues to show a positive trend has passed its key psychological level, at $50,000, which marks a strong dominance of investor interest. Is it really going back in Bearish, or will it be a minor correction after crossing $50,000. All of that is a confirmation priority for us, by sticking to bitcoin's strong fundamentals over the long term.
We enter into bullish zone and these dumps are the correction. Bitcoin is trading between $47K~$49K for a while. There is a heavy selling pressure, despite that $49K momentum good sign to see further move. Bitcoin market is turning into green, this weekend is going to be massive. As per market a analysis it will goes to 50k shortly. 
August 28, 2021, 07:36:20 AM
50k was broken in August.. a month known or being slow for businesses due to holidays.
What happens now is probably refueling the rocket. September starts, school and work start or get back to normal, traders and institutional investors will be again full power and I expect the price get to new heights: touching and surpassing the last ATH, then, why not, 100k and beyond.
What happens now is probably refueling the rocket. September starts, school and work start or get back to normal, traders and institutional investors will be again full power and I expect the price get to new heights: touching and surpassing the last ATH, then, why not, 100k and beyond.
I never really thought much about all the seasonal effects that normally affect markets. There used to be the thing about Christmas, about Chinese lunar year, even about monsoon floods in china but I never really thought they made a difference.
Or if they used to they don't seem to with every passing year. Of course if things happen as you say, you will not see me complaining at all.
August 28, 2021, 06:12:30 AM
On the daily chart, Bitcoin has been trading inside a rising wedge pattern for the past few days. The bulls flipped the $49,000 level to support on Aug. 23 and pushed the price above the psychological level of $50,000. After crossing above EMA100 line, BTC found support on the MA20 ($45.9k) . The relative strength index (RSI) is near overbought levels, which could encourage profit taking around resistance. However, Upside momentum is strengthening on the daily chart, which suggests buyers are in control. The critical zone bitcoin needs to reclaim is $55,000-$58,000.
More details:https://www.bex500.com/college/category?cid=57&aid=299
just few hours of this post mate, bitcoin did break the 50k price and stays for two days and then fell down back to 46k.More details:https://www.bex500.com/college/category?cid=57&aid=299
The price of bitcoin experienced a bullish trend in the last five weeks. I estimate the price of bitcoin still has room to rise again. In the near future, I think the price of bitcoin will move in the range of $51k to $64k.
of course in future but the main objective is when ? will this be coming this year or in the next 3-4 years again when halving comes in situation .but of course 50k is what we wanted to stay in this whole year at least.
August 28, 2021, 05:44:15 AM
Bitcoin price continued to rise and managed to break through the $50,000 level. This upward trend is expected to continue and potentially touch the $100,000 level this year. Bitcoin continues to show a positive trend has passed its key psychological level, at $50,000, which marks a strong dominance of investor interest. Is it really going back in Bearish, or will it be a minor correction after crossing $50,000. All of that is a confirmation priority for us, by sticking to bitcoin's strong fundamentals over the long term.
August 27, 2021, 05:34:09 AM
50k was broken in August.. a month known or being slow for businesses due to holidays.
What happens now is probably refueling the rocket. September starts, school and work start or get back to normal, traders and institutional investors will be again full power and I expect the price get to new heights: touching and surpassing the last ATH, then, why not, 100k and beyond.
What happens now is probably refueling the rocket. September starts, school and work start or get back to normal, traders and institutional investors will be again full power and I expect the price get to new heights: touching and surpassing the last ATH, then, why not, 100k and beyond.
I never really thought much about all the seasonal effects that normally affect markets. There used to be the thing about Christmas, about Chinese lunar year, even about monsoon floods in china but I never really thought they made a difference.
Or if they used to they don't seem to with every passing year. Of course if things happen as you say, you will not see me complaining at all.
August 26, 2021, 09:22:26 AM
50k was broken in August.. a month known or being slow for businesses due to holidays.
What happens now is probably refueling the rocket. September starts, school and work start or get back to normal, traders and institutional investors will be again full power and I expect the price get to new heights: touching and surpassing the last ATH, then, why not, 100k and beyond.
What happens now is probably refueling the rocket. September starts, school and work start or get back to normal, traders and institutional investors will be again full power and I expect the price get to new heights: touching and surpassing the last ATH, then, why not, 100k and beyond.
August 26, 2021, 07:51:41 AM
We’ll blast past $50,000 within the next month or so. The bull run will really pick up again in Q4 & we’ll see multiple ATH’s before the end of the year.
August 26, 2021, 07:49:35 AM
The price seems to make a deep correction today as we see the price reach $46,700 and the trend looks not to increase too much. If this situation continues, the price could go below and reach $45,000 but hopefully, the price can stay at the current price this week. It is the opportunity to buy more bitcoin while the price is low so we will have the chance to sell it later when the price starts to increase. But if you doubt that the price will rise again this week, you can wait without doing anything. But bitcoin prices have the opportunity to back to $50,000 or $60,000 in the future.
August 26, 2021, 07:31:26 AM
We’ll pass $50,000 again before too long. Bears are desperately trying to suppress the price but they will not succeed. Resistance is futile, we are in a bull market & we’ll begin our ascent again soon.
Totally agree, I don't it's just the bears that are causing this, I think that some people have already taken a profit at 50k so it has fallen down back to 40k+ price range. If anyone wants to buy now, you might want to go fast because being late isn't going to do you any good. 
August 26, 2021, 06:52:53 AM
The price of bitcoin experienced a bullish trend in the last five weeks. I estimate the price of bitcoin still has room to rise again. In the near future, I think the price of bitcoin will move in the range of $51k to $64k.
August 26, 2021, 06:34:56 AM
Flat numbers dont matter, price varies in every countries currency globally. Main thing is the market moves in waves and part of that is the price receding from speculators taking profits, paying off their leverage and so on. It will always be like that to some extent, I just want to know how much of a pullback. The 200 day average seems the easiest target, we've tested and now passed below the weekly average price.
August 26, 2021, 04:51:25 AM
$50k is just another number that bitcoin will smash through sooner or later and what we are seeing these days is just day traders' nonsense when they pull out their short term profit to put it back in later. What I'm more interested in is why was the FOMO small, does it mean the market participants are becoming more mature (which is unlikely) or is it that the sell pressure from manipulators still strong because they can't accept defeat?
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