Is $48k the next Bitcoin benchmark? - page 2.

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Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

One week has passed and Bitcoin didn't hit the $48,000 price.
It went near to that price though but throughout the whole week, its obvious that it is a good sign and we've already seen some green candles.

As for me, since we've seen Bitcoin went near to that price and even though Bitcoin is dipping as of this moment I believe that $48,000 isn't the benchmark. I believe that it will reach higher price not with the week that OP has shared though but in the succeeding weeks. I think it will go to near $50,000 in 2-3 weeks Cheesy

. My prediction only.

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Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

So far this has held up we crested above 48k a few times and faltered. Nice call by the op.

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Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

Looks like 48k is the Barrier mate because almost there , Bitcoin had been struggling to reach 50k by crossing this 48,000 bit badly did not make it now and dropping back to 44k and seemingly coming to 43k again this day alone.

Quote from: AliMan on August 18, 2021, 07:42:00 PM

The resistance was too hard to break, which I think $48k benchmark is hard to achieve right now. It might take more months before we're going to see nearly on that price, because as fluctuations made traders panic they still rely in negative news.

EXAGGERATED lol, more months to break that 48k? when we almost there days ago lol.

Quote

Everytime the market initiates downturn, it caused a lot of people becomes anxious and emotional. That's normal for new comers who didn't have knowledge on everything with cryptocurrency.

Lol there are very few that has this attitude because crypto investors now are matured enough to understand that they need to keep the hold or lose once again.

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Quote from: geegaw on August 18, 2021, 11:50:55 AM

Quote from: Devifajarina on August 18, 2021, 08:12:05 AM

Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

This week it will be difficult for Bitcoin to reach the S48k figure, this is unlikely if you see some investors starting to get into it trying to weaken bitcoin, but there is a possibility by the end of this year bitcoin will reach that increase or even more.

Basically bitcoin has no effect on any investors for now, but what investors are worried about starting to read the 2018 scenario, to weaken the current condition of bitcoin, they will take advantage of this influence if the opportunity is seen and is there for them.

It is not too difficult to consider this as the target for this week, although the first few days of the week signal is a slight weakness but calculated from many weeks ago, its value has increased without stagnation, a few resources pressed down to create a red candle did not interact too strongly, the bullish zone is still responding very well in terms of volume and conditions. In the case of old scenarios like 2018, we already have more money, the community also expands to more countries, even more terrible events still have extremely strong backings

This will continue to be done in an effort to weaken some investors, but the value may increase in the last few weeks, this has not given a good signal for them, continue to be forced so that the interactions that occur are not too strong at this time.

Scenarios like this remind us of 2018, where many investors extorted bitcoins intentionally or unintentionally, but on the other hand they started preparing to buy, this is the reason why the market is not always normal if they continue to play like this.

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Quote from: BIN-BIN on August 11, 2021, 02:48:07 PM

This week it's really difficult to predict the market price of bitcoin with accuracy, because along with some rumors circulating the information to weaken bitcoin as you convey. but not too long because behind it was influenced by some investors to take the opportunity to buy at a lower price. it looks like the scenario is deliberately made to make novice investors panic and then they will panic sell. so that's their chance to buy bitcoin.

This week it will be difficult for Bitcoin to reach the S48k figure, this is unlikely if you see some investors starting to get into it trying to weaken bitcoin, but there is a possibility by the end of this year bitcoin will reach that increase or even more.

Basically bitcoin has no effect on any investors for now, but what investors are worried about starting to read the 2018 scenario, to weaken the current condition of bitcoin, they will take advantage of this influence if the opportunity is seen and is there for them.

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Quote from: AliMan on August 18, 2021, 07:42:00 PM

The resistance was too hard to break, which I think $48k benchmark is hard to achieve right now. It might take more months before we're going to see nearly on that price, because as fluctuations made traders panic they still rely in negative news.
Everytime the market initiates downturn, it caused a lot of people becomes anxious and emotional. That's normal for new comers who didn't have knowledge on everything with cryptocurrency.

looks like new investors have started to worry again after seeing today's chart. bitcoin is looking to decline in the past three days. The decline occurred after yesterday's pump broke through $47,200 then fell back to $44,300. so to determine the next price benchmark may be a little difficult because you don't know until the closing price for this week or this month. we expect there will be more pumping but need support from some investors.

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The resistance was too hard to break, which I think $48k benchmark is hard to achieve right now. It might take more months before we're going to see nearly on that price, because as fluctuations made traders panic they still rely in negative news.
Everytime the market initiates downturn, it caused a lot of people becomes anxious and emotional. That's normal for new comers who didn't have knowledge on everything with cryptocurrency.

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Quote from: TravelMug on August 17, 2021, 11:55:03 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.

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Quote from: geegaw on August 18, 2021, 11:50:55 AM

It is not too difficult to consider this as the target for this week, although the first few days of the week signal is a slight weakness but calculated from many weeks ago, its value has increased without stagnation, a few resources pressed down to create a red candle did not interact too strongly, the bullish zone is still responding very well in terms of volume and conditions. In the case of old scenarios like 2018, we already have more money, the community also expands to more countries, even more terrible events still have extremely strong backings

We are still brand new at these prices, we were under 30k just couple weeks ago, I do not remember the exact date but it was either early this month or late last month so it is quite recent, it hasn't been a full month over 40k I know that and we were under 30k sometime around the last 30 days as well.

So, we should not be getting worried just because price "went down to 45k" because that is 50% profit from just recent weeks, that is insane profit considering where we were and where we are right now. Surely it upsets people whenever the price goes down, but that going down is not this going down, they are different ones, this is a tiny daily movement that happens in crypto at all times, we should not be worried about how much we are profiting or losing for these small tiny movements, we should be checking the long game and we are in big profit in the long game.

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Quote from: onecall123 on August 18, 2021, 01:06:14 PM

Quote from: asrinur on August 18, 2021, 12:46:45 PM

Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

i think by the end of this month the bitcoin price of $50k can be reached. Because the current BTC price has touched the $47k level. It is therefore little more than the $48k target to be reached in the near future.

According to long-term indicators, the trend will continue upwards and the bull run should begin shortly. As consolidations continue, we should anticipate some push backs. There is currently a pullback in the short term, and it's also at a very big resistance here at $48,000. I am seeing good support and a healthy market for $50k and beyond.

If bitcoin will be able to break this resistance this month, going forward is very positive as most likely a FOMO will again be witnessed. What we are seeing now is bitcoin unable to climb again, but still a good thing that it stays at $40k+ which means it's still bullish currently.

We fall just hard because we pumped so hard, it's just normal, correction do happen all the time but overall bitcoin is bullish.

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Quote from: asrinur on August 18, 2021, 12:46:45 PM

Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

i think by the end of this month the bitcoin price of $50k can be reached. Because the current BTC price has touched the $47k level. It is therefore little more than the $48k target to be reached in the near future.

According to long-term indicators, the trend will continue upwards and the bull run should begin shortly. As consolidations continue, we should anticipate some push backs. There is currently a pullback in the short term, and it's also at a very big resistance here at $48,000. I am seeing good support and a healthy market for $50k and beyond.

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Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

Seems,it will reach the value of 48k dollars,mean while their is huge dump in the price too.So it's better to hold and get setback and earned good profit from it.Now the bitcoin is targeted to the value of 60k dollars.But it will happen before this year end.You should hold and get profit .Instead of getting less profit for the short period.May be we see 60k dollars in december.

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Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

i think by the end of this month the bitcoin price of $50k can be reached. Because the current BTC price has touched the $47k level. It is therefore little more than the $48k target to be reached in the near future.

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Quote from: Devifajarina on August 18, 2021, 08:12:05 AM

Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

This week it will be difficult for Bitcoin to reach the S48k figure, this is unlikely if you see some investors starting to get into it trying to weaken bitcoin, but there is a possibility by the end of this year bitcoin will reach that increase or even more.

Basically bitcoin has no effect on any investors for now, but what investors are worried about starting to read the 2018 scenario, to weaken the current condition of bitcoin, they will take advantage of this influence if the opportunity is seen and is there for them.

It is not too difficult to consider this as the target for this week, although the first few days of the week signal is a slight weakness but calculated from many weeks ago, its value has increased without stagnation, a few resources pressed down to create a red candle did not interact too strongly, the bullish zone is still responding very well in terms of volume and conditions. In the case of old scenarios like 2018, we already have more money, the community also expands to more countries, even more terrible events still have extremely strong backings

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Quote from: Devifajarina on August 18, 2021, 08:12:05 AM

Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

This week it will be difficult for Bitcoin to reach the S48k figure, this is unlikely if you see some investors starting to get into it trying to weaken bitcoin, but there is a possibility by the end of this year bitcoin will reach that increase or even more.

Basically bitcoin has no effect on any investors for now, but what investors are worried about starting to read the 2018 scenario, to weaken the current condition of bitcoin, they will take advantage of this influence if the opportunity is seen and is there for them.

This week it's really difficult to predict the market price of bitcoin with accuracy, because along with some rumors circulating the information to weaken bitcoin as you convey. but not too long because behind it was influenced by some investors to take the opportunity to buy at a lower price. it looks like the scenario is deliberately made to make novice investors panic and then they will panic sell. so that's their chance to buy bitcoin.

Devifajarina

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Quote from: BIN-BIN on August 11, 2021, 02:48:07 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?

This week it will be difficult for Bitcoin to reach the S48k figure, this is unlikely if you see some investors starting to get into it trying to weaken bitcoin, but there is a possibility by the end of this year bitcoin will reach that increase or even more.

Basically bitcoin has no effect on any investors for now, but what investors are worried about starting to read the 2018 scenario, to weaken the current condition of bitcoin, they will take advantage of this influence if the opportunity is seen and is there for them.

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Quote from: tokeweed on August 17, 2021, 01:19:14 PM

^ 29k to 48k in less than a month isn’t a slow pump. Lol. And that rahmat guy was right. It’s really looking like BTC and most altcoins are starting to lose some steam after the run up. I’m not saying it’s over or anything but the market does need to correct at some point and find new support.

It is still only less than 20k a day on average means 1k a day, which is only about 2-3% a day,,, relatively to the Bitcoin pumps since October, or the Dogecoin pumps or whatever alt you want to use, this is quite slow:)

I do not mean slow in relation to "normal" markets of course but in crypto when I say pump I think of doubledigit figure rises in a day or stuff:) But you are right anyway.

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Quote from: Luqman on August 17, 2021, 07:56:19 PM

Quote from: TravelMug on August 16, 2021, 08:12:09 PM

The most important thing is that we are sort of in the bullish sentiments, current price is $46k. So we will have to wait for that break out run this month so that we can reach $50k then.

You are correct if we are still in bullish sentiments. But Bitcoin price won't increase every day, there should be a correction and sideways. If we look at the progress of Bitcoin price move lately, the pump series should be stopped for a moment first to balance the market situation. Bitcoin price is below $45k now, it seems to continue. Maybe in 2-3 days, we will experience a correction or a sideways before the next target $50k.

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. We have been trying to break $48k at least in three tries, but unfortunately, it was a failure. The good that this correction can do is to make more investors to enter at this dip and take advantage of it. Because maybe in the next try, we might actually breach $48k and goes even higher -> $50k.

ivankoh

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Bitcoin is still in an uptrend, 29k (July 20) and almost a month bullish to 48k7 that is a supported norm, but needs a further correction to create solid market sentiment than. My prediction is that the downside correction will stop at $43k at 8/20 and continue bullish above $50k. That's about perfect support and we'll see it. I believe the benchmark for August is seeing > 50k

Luqman

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Quote from: TravelMug on August 16, 2021, 08:12:09 PM

The most important thing is that we are sort of in the bullish sentiments, current price is $46k. So we will have to wait for that break out run this month so that we can reach $50k then.

You are correct if we are still in bullish sentiments. But Bitcoin price won't increase every day, there should be a correction and sideways. If we look at the progress of Bitcoin price move lately, the pump series should be stopped for a moment first to balance the market situation. Bitcoin price is below $45k now, it seems to continue. Maybe in 2-3 days, we will experience a correction or a sideways before the next target $50k.

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