Topic: Will $50,000 be the resistant price? - page 2. (Read 851 times)
The market can be reversed even if it reaches its own destination bitcoin will be worth $ 50,000 resistant beyond that, its price has increased a lot hopefully breaking this resistance for a big bull run we mentioned that the emotional resistance was hindering BTC’s positive gain. The chart indicates a weak bearish trendline and has formed dollar resistance above k 50k it appears that BTC was able to raise a bullish pattern above the USD.
It's too early to say if we are going up above the resistance level of $50k, it seems that after reaching as high as $51k, it went back down again to $50,700. So yes, there is a resistance right now and maybe people are selling at $50k and taking some profits.
So it might goes sideways against for some time, and there's no assurance that we can maintain this $50k. Hopefully though, we can maintain above it for this week. There's some kind of FOMO needed again to push it back up to $52k.
We can't talk about resistance in hours or days but seeing the bitcoin price rising and keep fluctuating few $1k above $50k is kind of reassuring.So it might goes sideways against for some time, and there's no assurance that we can maintain this $50k. Hopefully though, we can maintain above it for this week. There's some kind of FOMO needed again to push it back up to $52k.
I am not very confident to set the new resistance level at the $50k barrier but breaking it over and over is something good, hopefully the price could maintain its positive growth and pass the $60k barrier soon again!
Bitcoin price returned above $51,000 for the first time in three weeks, indicating strong demand from short-term buyers. The next level of resistance is seen at $50,000, where some profit taking occurred in early October. We see technical indicators show improving upside momentum on the daily chart, The intermediate-term uptrend is stabilizing, albeit within a range of $48,000 support and $50,000 resistance. However, those who can take this risk can get advantage from the market.
It's too early to say if we are going up above the resistance level of $50k, it seems that after reaching as high as $51k, it went back down again to $50,700. So yes, there is a resistance right now and maybe people are selling at $50k and taking some profits.
We did in the last 24 hours, the price currently zoom in to $55k. It was very quick jump and no one expected this. So I guess we should be talking now about $60k.
So it might goes sideways against for some time, and there's no assurance that we can maintain this $50k. Hopefully though, we can maintain above it for this week. There's some kind of FOMO needed again to push it back up to $52k.
It could be FOMO that pushes it to $55k, but then again, what news should it trigger to FOMO again? Hard to say but one things for sure, the sentiments have turn into a very bullish one starting October and it seems there's no stopping.
When bitcoin price was rising, I was thinking it will not rise above $50,000, $50,000 is like the resistant price for now, the price falled back the way I was expecting it to be, but the price of bitcoin has been increasing and decreasing within $47000 and $50000, this makes me to be confused of where the price is going to.
What can you suggest what will be the next bitcoin price, is it going above $50,000 or will draw back. I am having the mind that some people buy bitcoin already, but they have set the take profit at $50,000, this can result to the price of bitcoin not to go more than $50,000. Give me your reasons of your prediction with convincing factors.
since the creation of this thread , Bitcoin break that 50k multiple times yet maintain a fall , but this time it climbed up 55k and if that is the next barricade then maybe this is the last dump and resistance of 60k is the next target.What can you suggest what will be the next bitcoin price, is it going above $50,000 or will draw back. I am having the mind that some people buy bitcoin already, but they have set the take profit at $50,000, this can result to the price of bitcoin not to go more than $50,000. Give me your reasons of your prediction with convincing factors.
One thing i can think the possibility that this is the start of another ATH if the 60k price breaks once again.
or may trap if this not happen.
It's too early to say if we are going up above the resistance level of $50k, it seems that after reaching as high as $51k, it went back down again to $50,700. So yes, there is a resistance right now and maybe people are selling at $50k and taking some profits.
So it might goes sideways against for some time, and there's no assurance that we can maintain this $50k. Hopefully though, we can maintain above it for this week. There's some kind of FOMO needed again to push it back up to $52k.
So it might goes sideways against for some time, and there's no assurance that we can maintain this $50k. Hopefully though, we can maintain above it for this week. There's some kind of FOMO needed again to push it back up to $52k.
Well it's not too early now I guess. It's basically already went past 54k which it hasn't in a rather long time (all is relative of course).
This isn't really a solid resistance to only touch and hit back by less than 5%, it's more like expected selling pressure from all those people taking profit from buying in below 45k.
This isn't fomo yet
Bitcoin price returned above $51,000 for the first time in three weeks, indicating strong demand from short-term buyers. The next level of resistance is seen at $50,000, where some profit taking occurred in early October. We see technical indicators show improving upside momentum on the daily chart, The intermediate-term uptrend is stabilizing, albeit within a range of $48,000 support and $50,000 resistance. However, those who can take this risk can get advantage from the market.
It's too early to say if we are going up above the resistance level of $50k, it seems that after reaching as high as $51k, it went back down again to $50,700. So yes, there is a resistance right now and maybe people are selling at $50k and taking some profits.
So it might goes sideways against for some time, and there's no assurance that we can maintain this $50k. Hopefully though, we can maintain above it for this week. There's some kind of FOMO needed again to push it back up to $52k.
We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.
there should have been a slow movement at the beginning of Q4 to reach the crucial $50K figure which has not been able to be passed for long and continues to move away from it, but instead it went down again. Hopefully the momentum past the $50K that is currently happening will be able to survive and continue to increase.As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.
currently what bitcoin really needs is to be able to get out of this crucial figure at $50K, which is always a burden because after passing it there will be another decline.I hope this time it doesn't happen, although it's slowly being consistent so it doesn't go down. so that what you want and expect to achieve the past ATH can be realized. then keep moving until the end of the year to make the latest surprises.
Although now the pressure on bitcoin is getting harder by America and China, but I personally remain optimistic that by the end of this year the price of bitcoin will again reach its highest price, now the price of bitcoin is at the level of $50 thousand and of course it just needs a little more encouragement in the market. market for bitcoin to be able to break through the next resistance at a price of $52,000-$55,000.
bad news that happened to bitcoin will not dampen that bitcoin will increase. so even though there is pressure from American and Chinese news but there is also good news from others, so there is a balance.but I actually see that it is indeed the halving effect that will affect the increase that will occur for bitcoin. so by the end of the year there will be a renewable ATH and it seems that bitcoin can no longer be held back to move in that direction.
We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.
As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.
Although now the pressure on bitcoin is getting harder by America and China, but I personally remain optimistic that by the end of this year the price of bitcoin will again reach its highest price, now the price of bitcoin is at the level of $50 thousand and of course it just needs a little more encouragement in the market. market for bitcoin to be able to break through the next resistance at a price of $52,000-$55,000.
We already got the answer in the last 24 hour, broke the next biggest barring of $50k, and now could be heading this month to $60k. So I don't see any pressure from America or China, not by any government. Bitcoin is too big to fall right now even if there is negative news coming from those two biggest nation in the world.
So very exciting times this last three months, very bullish and probably we are still in the hunt for $80k-$100k. Would be great to see the price hitting 6 digits as predicted at the start of the year.
So far there's no massive correction aftert the price hits $50375.85 previously , And at this point it's back again and attempting to break out, for me in my personal opinion if bitcoin succeed for sure it will stay for long above 50k or will try to reach the recent all time high value which 60k before this year end. Infact market now seems good, probably the bull will take over the market and we will see a new improvement after days or weeks.
Since this October 3, the price of BTC has taken a great bullish turn above $ 48k, the BTC bears have not been able to do anything because the bullish momentum has been very strong, at the moment the price oscillates at $ 49.9k :
When looking at the price of BTC, apparently $ 50k is like the limit price given the number of offers and sales in the market, the volume is considerable and that the bulls are having control at the moment, I think it should be done much follow-up in the moment that touches $ 50k and react to any important movement.
Quote
If bulls drive and sustain the price above the overhead resistance, the BTC/USDT pair could pick up momentum and rally to $50,000 and later to $52,920.
Source: https://cointelegraph.com/news/price-analysis-10-4-btc-eth-bnb-ada-sol-xrp-dot-doge-luna-uniWhen looking at the price of BTC, apparently $ 50k is like the limit price given the number of offers and sales in the market, the volume is considerable and that the bulls are having control at the moment, I think it should be done much follow-up in the moment that touches $ 50k and react to any important movement.
Bitcoin has entered the bullish trend resistance zone. Based on the upcoming market move will be the price of bitcoin to stay above $50k or once again falls back below $50k. If the resistance breaks out $50500 there is more chance of price to continue forward, else it could once again touch $47000. The reason is the market ending with the descending trend line.
We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.
As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.
Although now the pressure on bitcoin is getting harder by America and China, but I personally remain optimistic that by the end of this year the price of bitcoin will again reach its highest price, now the price of bitcoin is at the level of $50 thousand and of course it just needs a little more encouragement in the market. market for bitcoin to be able to break through the next resistance at a price of $52,000-$55,000.
We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.
As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.
As long as there's no negative news while the market move upwards, the interest from new investors will come up.
So far it's moving good and we all see good market bounce, already reached $50K and still showing positive even it falls a little to $49,800.
If this continues, we are not far from reaching that price and a possibility also to reach a new ATH. More positive mindset from new and old
time traders will push this up.
We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.
As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.
And the expected Monday lack of follow-through right now, Asian markets not keen to take the issue further with Bitcoin even on a new trading month, Europe seems to be showing just the same lack of motivation. We'll find out in a few hours if the usual North American Monday fervour will side bulls or not.
Bitcoin network was remarkably empty over the weekend for me, was keeping a steady average below 3 tps. Wait and see mode.
It is expected for the price to lack that type of conviction on Mondays. We are used to seeing these lows, hell even weekends are normally that strong, it is the midweek and end of the week that usually sees a strong uprising. In any case, we are at 49k now and that is all we need, let it be like this for a while and it will be doing a lot better in the long run. It is now obvious that 50k is a resistance and the price breaking above that always gets down and trying to get over is it always difficult. Let’s try it again, we have done it multiple times so far and I hope to see it done once again very soon. I do not know when it will happen but it looks closer and sooner right now. Bitcoin network was remarkably empty over the weekend for me, was keeping a steady average below 3 tps. Wait and see mode.
Yeah, 50K is a resistance price right now. 1-2 weeks ago it was looking like the bitcoin market was bullish but somehow when it reached 50K, it significantly felt down. Then it was recovering and China did another shot again.
Right, we have good enough momentum when we reach $52k, unfortunately the Chinese FUD again and other negative news really dampen our hopes for at least $55k. But as they said, September historically is a bad month so the trend remains.
Right now it's significantly recovering and will probably surpass 50K tonight but from my understanding 50K is the price some people don't want to see. Almost everything is done this way or another to just dump bitcoin and make it far from 50K USD.
But once it significantly surpass that level, there is nothing that will stop the further rise.
But once it significantly surpass that level, there is nothing that will stop the further rise.
We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.
Yeah, 50K is a resistance price right now. 1-2 weeks ago it was looking like the bitcoin market was bullish but somehow when it reached 50K, it significantly felt down. Then it was recovering and China did another shot again. Right now it's significantly recovering and will probably surpass 50K tonight but from my understanding 50K is the price some people don't want to see. Almost everything is done this way or another to just dump bitcoin and make it far from 50K USD.
But once it significantly surpass that level, there is nothing that will stop the further rise.
it looks like your predictions will come true and it has been seen that bitcoin is eager to get back past the crucial figure so far at $50K. Entering the first week of Q4 it is expected that there will be an increase to pass $50K and not to fall again and hold for a while above $50K+, before finally increasing through the end of the year to reach renewable ATH.But once it significantly surpass that level, there is nothing that will stop the further rise.
keeping it from going down from $50K is certainly not easy for bitcoin, hopefully the many good news that have happened in the past few weeks will be able to bring some momentum to improvement from bitcoin, so there is no intention of going back below $50K after passing it, because that's when awaited by bitcoin.
Yeah, 50K is a resistance price right now. 1-2 weeks ago it was looking like the bitcoin market was bullish but somehow when it reached 50K, it significantly felt down. Then it was recovering and China did another shot again. Right now it's significantly recovering and will probably surpass 50K tonight but from my understanding 50K is the price some people don't want to see. Almost everything is done this way or another to just dump bitcoin and make it far from 50K USD.
But once it significantly surpass that level, there is nothing that will stop the further rise.
But once it significantly surpass that level, there is nothing that will stop the further rise.
Not that it dampens any Q4 ultimate end lines though. Cards are still (faintly) positive on a six-figure happy ending to the year.
Yeah, another weekend surprise, we have jump above $48k again, (another surprise), just the question on whether we can sustain it, as you have said, this is like August, wherein we really have a hard time breaking that $48k resistance, but we eventually did and lead us to $52k.
So let's see how it goes for October, Monday will be an interesting day to open the market above $48k levels and the whole week to close $50k at least.
And the expected Monday lack of follow-through right now, Asian markets not keen to take the issue further with Bitcoin even on a new trading month, Europe seems to be showing just the same lack of motivation. We'll find out in a few hours if the usual North American Monday fervour will side bulls or not.
Bitcoin network was remarkably empty over the weekend for me, was keeping a steady average below 3 tps. Wait and see mode.
Time to look at the weekly bars coming into end of week. We've bounced back but are at similar prices to a weekly trend thats continued since March. 4 of the last 6 weeks stopped around this trend, so looking for reaction to that process in a negative or positive resolution.
We're above weekly average and I think if we stay above 45k into next week thats going to lead to further attempts to break higher. 48819 is the last recent high for a nominal target.
We're above weekly average and I think if we stay above 45k into next week thats going to lead to further attempts to break higher. 48819 is the last recent high for a nominal target.
Fully expecting this to make it 5 out of 7 weeks. Great recovery, no doubt, amd nice to enjoy a weekend where the bulls are out, reminds me of August. But I feel like there just is not enough on the plate to go round til Monday to stay above the 45k level we desire.
Not that it dampens any Q4 ultimate end lines though. Cards are still (faintly) positive on a six-figure happy ending to the year.
Yeah, another weekend surprise, we have jump above $48k again, (another surprise), just the question on whether we can sustain it, as you have said, this is like August, wherein we really have a hard time breaking that $48k resistance, but we eventually did and lead us to $52k.
So let's see how it goes for October, Monday will be an interesting day to open the market above $48k levels and the whole week to close $50k at least.
Jump to: