Is $48k the next Bitcoin benchmark? | Bitcointalksearch.org

jaberwock

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Quote from: lizarder on August 23, 2021, 05:58:13 AM

Even to analyze bitcoin, it's no longer suitable to use this post, but just for discussion I don't think it's a problem, considering that this post is already crowded and more fun to follow, so that our insights will increase.

The volatility possessed by bitcoin sometimes makes people go crazy, it goes up so fast and goes down without any predictions, so people who invest here have problems if this happens so fast, but that's how bitcoin really is, without any preparation people will lose assets or vice versa people will benefit spontaneously.

I do not think that any post is bad to keep it going because it shows us the history and also the future from that point forward. I believe that at the time when I posted that it was a good indication on where it was moving and it did move to a great place as we can see right now, we are above 51k and that shows us what I meant sort of happened. I said that it may crash or it may skyrocket as well, we will not know about it, but there will be a big movement and seeing how 48k was broken very easily and even reached to 51k then we could say that the good part is happening.

Hopefully something even better is on the horizon right now, with the price going up this much and refusing to go down that means that the hype is around the corner. All these past posts shows us how many people doubted bitcoins ability to go up, and wasn't sure, ended up being wrong and bitcoin moved up anyway.

MrcMrc

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As of the time of this comment, Bitcoin's price is already 51,700 to us dollars, which has shown a significant level of bull run, and the next benchmark will be around 60k or even above before the end of this month.

BIN-BIN

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Quote from: lizarder on August 23, 2021, 05:58:13 AM

Quote from: jaberwock on August 22, 2021, 01:56:36 PM

Even to analyze bitcoin, it's no longer suitable to use this post, but just for discussion I don't think it's a problem, considering that this post is already crowded and more fun to follow, so that our insights will increase.

The volatility possessed by bitcoin sometimes makes people go crazy, it goes up so fast and goes down without any predictions, so people who invest here have problems if this happens so fast, but that's how bitcoin really is, without any preparation people will lose assets or vice versa people will benefit spontaneously.

You are right when I created this thread I hard the intention of a maximum of two days but seeing now that this discussion has kept the thread alive to this very moment and so many analysis has been posted about Bitcoin price which has helped increase our insight on the subject.

lizarder

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Quote from: jaberwock on August 22, 2021, 01:56:36 PM

Bitcoin already passed above 49k, which means that 48k was already broken by the time I am writing this. However I have to say just because we broke a resistance point doesn't mean that we will break above ATH neither, those are very different things and we may not see 65k any time soon in the future, or maybe we will see it this week, that is the type of volatility bitcoin has, sometimes it is crazy and very entertaining to see it go up, sometimes for months it doesn't go up.

Just to give a perfect example, we dropped to 30k levels and for about 2-2.5 months we didn't move above 35k too much, we were almost always 30-35k range with few higher ups that went down very quickly. We also saw bitcoin move to near 50k levels in under 2 weeks as well from those levels as well. What does this mean? This means that bitcoin could stay around 50k for 2 months, or could go to 65k in under 2 weeks as well, we have no idea which one will happen.

Even to analyze bitcoin, it's no longer suitable to use this post, but just for discussion I don't think it's a problem, considering that this post is already crowded and more fun to follow, so that our insights will increase.

The volatility possessed by bitcoin sometimes makes people go crazy, it goes up so fast and goes down without any predictions, so people who invest here have problems if this happens so fast, but that's how bitcoin really is, without any preparation people will lose assets or vice versa people will benefit spontaneously.

lizarder

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Quote from: Ziskinberg on August 22, 2021, 07:18:51 AM

Let's not talk about the $48k price as bitcoin is already trading at $49k... it has surpassed that price and reaching $48k again is not anymore an increase, but a dump. Bitcoin is still volatile, it has not pumped like what we have witnessed earlier this year, but there's a possibility that it will hit a new ATH.

This means that the opportunity to go down is open again for bitcoin at this time, if you see the turmoil that occurs, it will greatly impact the previous bitcoin price increase, if it has not been pumped like we saw at the beginning of the year.

Even hitting a new ATH is certain to happen either at the end of the year or early next year, but I think now bitcoin will be more valuable than ever, even if things go wrong in the future.

lizarder

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Quote from: mumang siat on August 20, 2021, 05:13:10 AM

To reach the bitcoin price of 48$k this week I don't think it is possible, this happens not because of the influence of time and conditions, but there are other circumstances that are being prepared by people that can affect the viability of bitcoin at this time.

They are preparing for a bitcoin weakness scenario in the near future, which essentially means they will make a massive buyout, once this is accomplished and well planned, then by the end of the year they will shock bitcoin should rise to $48k or more, by any means.

It's not that easy to weaken bitcoin, it's not even enough just for that reason bitcoin will weaken, there are several things that are the reference in the current weakening of bitcoin, it's not an easy thing to do all of that now.

But the possibility of a big buy is there for some investors, but not in the capacity to weaken bitcoin according to my analysis, it is a big buy because the price of bitcoin is now more stable than before.

rhodelmabanal

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Bitcoin now is 50k$ it means bitcoin surpasses the predicted price which is 45k$- to 49k$ so it is now possible that bitcoin will be moving up to 60k$ again or maybe above 60k$ before year end. Holding is the best strategy at this point of time and maybe buying is now risky because the price is so high.

jaberwock

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Quote from: lizarder on August 22, 2021, 12:13:39 AM

It is very likely that bitcoin will reach that number and even more than what you say, if you see the current bitcoin trend is quite good in the market, this makes bitcoin the only one that is able to provide good and stable value this year.

But this opportunity may not necessarily be maintained until the end of the year or vice versa, considering that crypto conditions are good this year, the possibility of bitcoin reaching a price of $48k is very open and even more than that.

Bitcoin already passed above 49k, which means that 48k was already broken by the time I am writing this. However I have to say just because we broke a resistance point doesn't mean that we will break above ATH neither, those are very different things and we may not see 65k any time soon in the future, or maybe we will see it this week, that is the type of volatility bitcoin has, sometimes it is crazy and very entertaining to see it go up, sometimes for months it doesn't go up.

Just to give a perfect example, we dropped to 30k levels and for about 2-2.5 months we didn't move above 35k too much, we were almost always 30-35k range with few higher ups that went down very quickly. We also saw bitcoin move to near 50k levels in under 2 weeks as well from those levels as well. What does this mean? This means that bitcoin could stay around 50k for 2 months, or could go to 65k in under 2 weeks as well, we have no idea which one will happen.

Ziskinberg

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Quote from: lizarder on August 22, 2021, 12:13:39 AM

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?

It is very likely that bitcoin will reach that number and even more than what you say, if you see the current bitcoin trend is quite good in the market, this makes bitcoin the only one that is able to provide good and stable value this year.

But this opportunity may not necessarily be maintained until the end of the year or vice versa, considering that crypto conditions are good this year, the possibility of bitcoin reaching a price of $48k is very open and even more than that.

Let's not talk about the $48k price as bitcoin is already trading at $49k... it has surpassed that price and reaching $48k again is not anymore an increase, but a dump. Bitcoin is still volatile, it has not pumped like what we have witnessed earlier this year, but there's a possibility that it will hit a new ATH.

lizarder

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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?

It is very likely that bitcoin will reach that number and even more than what you say, if you see the current bitcoin trend is quite good in the market, this makes bitcoin the only one that is able to provide good and stable value this year.

But this opportunity may not necessarily be maintained until the end of the year or vice versa, considering that crypto conditions are good this year, the possibility of bitcoin reaching a price of $48k is very open and even more than that.

TravelMug

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Quote from: TravelMug on August 19, 2021, 05:44:39 PM

Quote from: Luqman on August 18, 2021, 05:00:47 PM

Quote from: TravelMug on August 17, 2021, 10:55:03 PM

Correction incoming right now, the price seems to go down to $45k as of the moment. A 3% minor dip in the last 24 hours. And I would say that this is a healthy correction in my opinion.

The correction is happening, Bitcoin price is about $44.7 right now. But it seems to reach again to $45k above in a few hours. Yes, this correction is normal, the price change is not too significant. I am sure this is just the beginning of the next pump, Bitcoin price targets $50k then. I bet the price of Bitcoin will pass $50k before this month ends.

Yes, as I have said, correction will happened and it did, however, it didn't dip to where I expect it to be, $43k because this is the average price. So the good news is that we are back in the $46k range right now. And maybe there will be an attempt to $48k in the next 24-48 hours. But it will be weekend wherein trading volume is slow so I guess we have to wait till next week, the price will go sideways, and then on Monday, we might see a good pump again.

It's a hit or miss on my prediction, I got it right that we will attempt to break the $48k, but even in weekends there is no stopping the price movement to almost hit $50k, I say the price swinging from $49,700 to $49,200. Now it the $49k, so I guess the most important thing is that we are not over $48k so obviously, the next round numbers, $50k, and then another FOMO will sets in to push the price to at least $51k-$52k at the end of the month.

Fredomago

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Quote from: Dave1 on August 20, 2021, 07:31:56 PM

You got your predictions wrong bud, because we have broken $48k very easily and maybe one reason is this: https://www.nasdaq.com/articles/wells-fargo-launches-passive-bitcoin-fund-for-wealthy-clients-2021-08-19

So now the big attempt is the round numbers of $50k, will it be reach this weekend? For me, It possible, whethere this weekend or before the end of the month. Patience now for everyone, don't get to exited, profit taking should be around this numbers.

It's still moving good almost break that $50K barrier, though it went back below $49K but still strong with $48K+ and seems that it might break $50K before this month will end.

Although we all knew that crypto still has up and down, chances that whale will take over and interfere with the pump.

Let's keep our hope and stay calm. Holding is the best thing to do for now. It brings good benefits to those who really believe that.
Bitcoin will come out with another new time high.

Kemarit

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Quote from: Dave1 on August 20, 2021, 07:31:56 PM

Quote from: mumang siat on August 20, 2021, 05:13:10 AM

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?

To reach the bitcoin price of 48$k this week I don't think it is possible, this happens not because of the influence of time and conditions, but there are other circumstances that are being prepared by people that can affect the viability of bitcoin at this time.

They are preparing for a bitcoin weakness scenario in the near future, which essentially means they will make a massive buyout, once this is accomplished and well planned, then by the end of the year they will shock bitcoin should rise to $48k or more, by any means.

You got your predictions wrong bud, because we have broken $48k very easily and maybe one reason is this: https://www.nasdaq.com/articles/wells-fargo-launches-passive-bitcoin-fund-for-wealthy-clients-2021-08-19

So now the big attempt is the round numbers of $50k, will it be reach this weekend? For me, It possible, whethere this weekend or before the end of the month. Patience now for everyone, don't get to exited, profit taking should be around this numbers.

We are still above $49,000, although there was just a small dip to $48,000 and but we have a good bounce again. No need to rush as I have said, eventually we will hit $50,000 no matter what. As you have said, patience should be the key. It's weekends anyways, so there might be some slowing down, because traders are resting, or might sell for just a small profit. Enough to last their itch during this weekends. And then go back to their usual trading activity on the 23rd. So it's very exciting next week or at least at the end of August.

Dave1

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Quote from: mumang siat on August 20, 2021, 05:13:10 AM

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?

To reach the bitcoin price of 48$k this week I don't think it is possible, this happens not because of the influence of time and conditions, but there are other circumstances that are being prepared by people that can affect the viability of bitcoin at this time.

They are preparing for a bitcoin weakness scenario in the near future, which essentially means they will make a massive buyout, once this is accomplished and well planned, then by the end of the year they will shock bitcoin should rise to $48k or more, by any means.

You got your predictions wrong bud, because we have broken $48k very easily and maybe one reason is this: https://www.nasdaq.com/articles/wells-fargo-launches-passive-bitcoin-fund-for-wealthy-clients-2021-08-19

So now the big attempt is the round numbers of $50k, will it be reach this weekend? For me, It possible, whethere this weekend or before the end of the month. Patience now for everyone, don't get to exited, profit taking should be around this numbers.

Vaculin

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Quote from: mumang siat on August 20, 2021, 05:13:10 AM

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?

To reach the bitcoin price of 48$k this week I don't think it is possible, this happens not because of the influence of time and conditions, but there are other circumstances that are being prepared by people that can affect the viability of bitcoin at this time.

They are preparing for a bitcoin weakness scenario in the near future, which essentially means they will make a massive buyout, once this is accomplished and well planned, then by the end of the year they will shock bitcoin should rise to $48k or more, by any means.

Well, your prediction is wrong because bitcoin already hit $48k and it's currently trading at that price now.

per Binance platform, its 24 hours high had already reached $49,000.
https://www.binance.com/en/trade/BTC_USDT

Therefore, we should expect a more uptrend now that it's broken, $50k would just be so easy now.

mumang siat

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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?

To reach the bitcoin price of 48$k this week I don't think it is possible, this happens not because of the influence of time and conditions, but there are other circumstances that are being prepared by people that can affect the viability of bitcoin at this time.

They are preparing for a bitcoin weakness scenario in the near future, which essentially means they will make a massive buyout, once this is accomplished and well planned, then by the end of the year they will shock bitcoin should rise to $48k or more, by any means.

24Kt

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Quote from: Yaunfitda on August 12, 2021, 06:32:40 AM

Quote from: leea-1334 on August 12, 2021, 01:55:49 AM

46k seems like something of a tough spot to overcome but the good news is that 42k seems to be behind us now. We should still experience another dip because it feels like we need to have a few tests of 46k before breaking it but I think it will be rather 51k that will be the next mark. Always, a bit higher than the round number.

We are now testing $45k, the same spot we had yesterday, but the price goes to $46k and then goes down again to $45k. I do hope that it will hold and doesn't go down to the next support level of $43k.

So let's see, wouldn't be surprised to see another bump to $46k and hopefully it will be the last step to go to $48k, either at the end of the week or early next week. Exciting times ahead before the next psychological barrier of $50k.

$48k level is not hard to attain, the market just need a lil push and it may even surpass the $48k. Even with the recent news that there's another crypto exchange hack, Liquid, still we are in heading to positive direction. If we will see more good news from big companies like Walmart and Lloyd's Bank, hiring digital-related job position, we can easily see this $48k level.

TravelMug

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Quote from: Luqman on August 18, 2021, 05:00:47 PM

Quote from: TravelMug on August 17, 2021, 10:55:03 PM

Correction incoming right now, the price seems to go down to $45k as of the moment. A 3% minor dip in the last 24 hours. And I would say that this is a healthy correction in my opinion.

The correction is happening, Bitcoin price is about $44.7 right now. But it seems to reach again to $45k above in a few hours. Yes, this correction is normal, the price change is not too significant. I am sure this is just the beginning of the next pump, Bitcoin price targets $50k then. I bet the price of Bitcoin will pass $50k before this month ends.

Yes, as I have said, correction will happened and it did, however, it didn't dip to where I expect it to be, $43k because this is the average price. So the good news is that we are back in the $46k range right now. And maybe there will be an attempt to $48k in the next 24-48 hours. But it will be weekend wherein trading volume is slow so I guess we have to wait till next week, the price will go sideways, and then on Monday, we might see a good pump again.

skarais

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Quote from: Mpamaegbu on August 19, 2021, 12:50:44 PM

There are those who are also expecting Bitcoin to hit $100,000 this bull rally from traders' perceptive. In fact, that call was made during the first leg of the rally. Sadly, that mark wasn't met. Well, let's see if this second phase of rally will get Bitcoin to that price. From my observation, I don't really understand how that $100k mark was arrived at, whether through TA plotting or Fundamentals, or simply from emotions. We all like to feel good whenever Bitcoin soars, and dejected when it crashes. On my part, I believe Bitcoin will surpass its recent ATH of $64,000 once we get into this second leg properly. Only time will tell where price goes.

Remember, there are always two possibilities that will happen to the bitcoin price due to its volatility and that is the possibility of reaching ATH and more than 50% chance of dumping. We can all believe in a better future for bitcoin, but that should not be used as an excuse that its price will never down again. The bull's run can still stop, as well as the bear's painful paw. There are always two possibilities above so that is a good thing to think about.

Mpamaegbu

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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?

There are those who are also expecting Bitcoin to hit $100,000 this bull rally from traders' perceptive. In fact, that call was made during the first leg of the rally. Sadly, that mark wasn't met. Well, let's see if this second phase of rally will get Bitcoin to that price. From my observation, I don't really understand how that $100k mark was arrived at, whether through TA plotting or Fundamentals, or simply from emotions. We all like to feel good whenever Bitcoin soars, and dejected when it crashes. On my part, I believe Bitcoin will surpass its recent ATH of $64,000 once we get into this second leg properly. Only time will tell where price goes.

Topic: Is $48k the next Bitcoin benchmark? (Read 920 times)