Will $50,000 be the resistant price? - page 3.

buwaytress

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Quote from: STT on October 01, 2021, 08:50:28 PM

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.

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.

djgtr

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Resistance is 48590 and it has to be broken to reach 50K otherwise it may fall back to 45K. I think it will broke 48k$ and it will reach 50k$ to 60k$ because it is now trading above Pivot point so there is a possibility that we will soar up to 50k$,however we still need to wait and get some more details about it to avoid losing just used and amount that you can afford to loss for good.

STT

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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.

bitzizzix

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Quote from: $crypto$ on October 01, 2021, 01:26:22 PM

Quote from: Vaculin on October 01, 2021, 11:30:13 AM

Many speculations arise and we're not sure where we going...
https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-reclaims-technical-analysis-resistance-levels-btc-2021-10

The price of Bitcoin still moving in sideways, I've thought that after this correction pumps will come next, and yeah, were pushing back high again little by little but as I've said, this couldn't leave such confidence for the continuous momentum. Maybe I could say $50,000 will be the resistance level as I was expecting an increase in buying demand during this Christmas season.

Usually in the Christmas or holiday season, most people sell to do holidays but I didn't expect that to happen because the demand will always be high when the pumps occur.

Well, the resistance level at $50k is strong support given that it's now $47k but it will be a bounce where investors are ready to pump back to make up for $50k once this has passed then it will likely continue to make up for it to hit ATH at the end of the season.

But remember not to overdo it sometimes it will be a correction to the lower price and this will be fud news as the reason.

So I want to know what happens after the resistance at $50k.

It's hard to predict and definitely where the bitcoin price will move, as it happened before 50k was just a moment and dropped back down.
as I said in early september there will be another decline even though the main target of 50k has been reached and to support the price to continue going higher, and it turns out to be the other way around because there is a sell-off that makes the bitcoin price turn things around.
and hopefully the current increase carries a positive scent after reaching 50k there will be a continuation towards the new ATH as most people predict by the end of the year bitcoin price will reach 100k whatever the reason. Grin

$crypto$

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Quote from: Vaculin on October 01, 2021, 11:30:13 AM

Many speculations arise and we're not sure where we going...
https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-reclaims-technical-analysis-resistance-levels-btc-2021-10

The price of Bitcoin still moving in sideways, I've thought that after this correction pumps will come next, and yeah, were pushing back high again little by little but as I've said, this couldn't leave such confidence for the continuous momentum. Maybe I could say $50,000 will be the resistance level as I was expecting an increase in buying demand during this Christmas season.

Usually in the Christmas or holiday season, most people sell to do holidays but I didn't expect that to happen because the demand will always be high when the pumps occur.

Well, the resistance level at $50k is strong support given that it's now $47k but it will be a bounce where investors are ready to pump back to make up for $50k once this has passed then it will likely continue to make up for it to hit ATH at the end of the season.

But remember not to overdo it sometimes it will be a correction to the lower price and this will be fud news as the reason.

So I want to know what happens after the resistance at $50k.

onecall123

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Quote from: sujonali1819 on October 01, 2021, 09:58:41 AM

Quote from: Jating on October 01, 2021, 07:53:26 AM

Currently we went from $42k-$47k, so it's a green candle already. So if we broke $48k, sustain it, then we will have a momentum to hit $50k in the second week. October historically as opposed to September, is very good as it is the start of the next bull run up to December.

Agreed with it. Even if BTC can hold $47k for a while/day I think we could see another leg up to $50k again. BTC was dump from 50k more than twice recently so I think if this time BTC can overtake 50k completely we can see a big move to 60k. Otherwise if again btc refused we could see again a big dump to 40k even lower than last time dump.

So I want to say Yeah $50k is a big resistance for btc right now and we can also see the new ATH after crossing this area imo.

You have my words. I'm fairly certain someone is shorting the market from a point substantially higher than it is at now. From my perspective, another leg up seems inevitable. In fact, the price has not even broken the daily structure yet. There is still a possibility of bearish price action. Yes, both possibilities remain.

Vaculin

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Winding down.

Many speculations arise and we're not sure where we going...
https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-reclaims-technical-analysis-resistance-levels-btc-2021-10

The price of Bitcoin still moving in sideways, I've thought that after this correction pumps will come next, and yeah, were pushing back high again little by little but as I've said, this couldn't leave such confidence for the continuous momentum. Maybe I could say $50,000 will be the resistance level as I was expecting an increase in buying demand during this Christmas season.

sujonali1819

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Quote from: Jating on October 01, 2021, 07:53:26 AM

Currently we went from $42k-$47k, so it's a green candle already. So if we broke $48k, sustain it, then we will have a momentum to hit $50k in the second week. October historically as opposed to September, is very good as it is the start of the next bull run up to December.

Agreed with it. Even if BTC can hold $47k for a while/day I think we could see another leg up to $50k again. BTC was dump from 50k more than twice recently so I think if this time BTC can overtake 50k completely we can see a big move to 60k. Otherwise if again btc refused we could see again a big dump to 40k even lower than last time dump.

So I want to say Yeah $50k is a big resistance for btc right now and we can also see the new ATH after crossing this area imo.

Jating

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Quote from: marine4u on September 29, 2021, 06:11:05 PM

Candlesticks are on a different level as accumulation is common among market makers in the face of influence from China FUD and the Fed. The day the green wick can break this level, and before that I remain optimistic that October will be the show of bitcoin and soon Taproot. Bitcoin has shown readiness to Break Out past $50k next week, maybe the data will show a huge green candle

It has to go to $45k-$48k before going past $50k again. And it might take some time, hopefully the next 3 weeks will be very strong because we need to have a good bounce and recovery again after the September fall.

Currently we went from $42k-$47k, so it's a green candle already. So if we broke $48k, sustain it, then we will have a momentum to hit $50k in the second week. October historically as opposed to September, is very good as it is the start of the next bull run up to December.

marine4u

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Candlesticks are on a different level as accumulation is common among market makers in the face of influence from China FUD and the Fed. The day the green wick can break this level, and before that I remain optimistic that October will be the show of bitcoin and soon Taproot. Bitcoin has shown readiness to Break Out past $50k next week, maybe the data will show a huge green candle

lepbagong

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Quote from: StreakW on September 19, 2021, 12:38:44 PM

Bitcoin price failed to hold above $50,000 in the past week and dropped drastically. The price is now trading below $47,000. Bitcoin price is showing bearish signs below $45,000 and could even drop to as low as $42k if it fails to hold above $47k and $48k.

Yes, it's already in the +$41K range, which is quite worrying, even if it drops below $40K, I'm afraid that moving up will be difficult and will take more time.

Quote from: ?? on ??

It did drop to 42k but I don't see any problem with that because it's just another opportunity for me to buy more bitcoin and other altcoins that are going red right now because I know that after some dumps, we will see it go up again.

right, I agree with your analysis that usually after a decline there will be time to bounce back which bitcoin usually does. but there is also a feeling of worry if the price drops drastically, because it will take more time to catch up with it until it is expected at the end of this year. although still optimistic, it is still there.

Quote from: Ngemmeng on September 23, 2021, 10:56:37 AM

yes it is your right to buy at any price, but you also have to be careful because the current bitcoin price still tends to decline. do not rule out after you buy the price of bitcoin again decreased. not forever after the dump the price will go back up because it could be that after the dump there will be another dump.

actually if you want to buy bitcoin at any price, you will not experience a loss, this is certain. although the price may go down again when you buy it. to remember that bitcoin has different characteristics because every 4 years a renewable ATH will be formed and whenever you buy it the price will certainly be higher than you buy. but if you want to make big profits, obviously buy when the price is the lowest.

Ngemmeng

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Quote from: StreakW on September 19, 2021, 12:38:44 PM

Bitcoin price failed to hold above $50,000 in the past week and dropped drastically. The price is now trading below $47,000. Bitcoin price is showing bearish signs below $45,000 and could even drop to as low as $42k if it fails to hold above $47k and $48k.

It did drop to 42k but I don't see any problem with that because it's just another opportunity for me to buy more bitcoin and other altcoins that are going red right now because I know that after some dumps, we will see it go up again.

yes it is your right to buy at any price, but you also have to be careful because the current bitcoin price still tends to decline. do not rule out after you buy the price of bitcoin again decreased. not forever after the dump the price will go back up because it could be that after the dump there will be another dump.

jaberwock

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Quote from: TravelMug on September 22, 2021, 07:58:54 PM

It did drop to $41k, so the support along $43k was breached. The good thing is that we are back though to the line, we have a significant bounce back in the last 24 hours, so we are trading above $43k now.

So the obvious target will be $45k-$48k again, the same in the last week of August and entering this month. So yeah, the pattern that September seems to remain the same for this year. Nevertheless, if history repeats itself, then October to December is going to be very bullish.

I would say that breaking support and going over the previous support are not the same things. So if there is a support at 43k, and you break under it and become 41k, after you go over 43k again that doesn't make it a support again, nor does it make it a resistance, it just makes it a regular price. However it definitely does look strong right now, I would be happy as an investor to see the recovery so quickly as well.

It is something that we would definitely need before we could see a good increase. Doesn't mean that we will break over 48k once again, but it means that we are at least trying to do that. I would agree that 45k+ is the first line of defense we need to break over.

TravelMug

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Quote from: StreakW on September 19, 2021, 12:38:44 PM

Bitcoin price failed to hold above $50,000 in the past week and dropped drastically. The price is now trading below $47,000. Bitcoin price is showing bearish signs below $45,000 and could even drop to as low as $42k if it fails to hold above $47k and $48k.

It did drop to $41k, so the support along $43k was breached. The good thing is that we are back though to the line, we have a significant bounce back in the last 24 hours, so we are trading above $43k now.

So the obvious target will be $45k-$48k again, the same in the last week of August and entering this month. So yeah, the pattern that September seems to remain the same for this year. Nevertheless, if history repeats itself, then October to December is going to be very bullish.

mr500

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If it will really be the resistance price I would happy.The next major resistance, for now, is at the $50,000 zone,” said Konstantin Anissimov, executive director at CEX.IO crypto exchange. “Should more buyers dive in to push the price above the $50,000 level, a frenzy may be ushered in to steer the price toward a medium-term target of $55k
I actually think that if we see some bullishness in the coming days, $50k can actually be established as support.

StreakW

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Bitcoin price failed to hold above $50,000 in the past week and dropped drastically. The price is now trading below $47,000. Bitcoin price is showing bearish signs below $45,000 and could even drop to as low as $42k if it fails to hold above $47k and $48k.

carlisle1

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Quote from: Spack17 on September 10, 2021, 09:23:04 AM

After witnessing Bitcoin price to fall down very sharply by $10k, we see it at $45k now. It looks like it will need to break the $50k resistance again if it starts recovering soon. But Bitcoin is having a difficulty in even breaking the current resistance level as people started selling their coins. Panic sellers are helping the destruction of the market now. The coming days can bring about even a lower price than this but I hope that it won't happen.

Can't deny that! Panic sellers are helping dumpers to bring the value to fall for more.

It's tough to pick side if you are unaware of how the market will move,
there are many speculation and if you are not careful, you might lose a lot too.

It's between your trust and how the market will behave. You need to work with
your judgement and not to make mistakes during this kind of situation.

Questat

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Quote from: Spack17 on September 10, 2021, 09:23:04 AM

After witnessing Bitcoin price to fall down very sharply by $10k, we see it at $45k now. It looks like it will need to break the $50k resistance again if it starts recovering soon. But Bitcoin is having a difficulty in even breaking the current resistance level as people started selling their coins. Panic sellers are helping the destruction of the market now. The coming days can bring about even a lower price than this but I hope that it won't happen.

Most of the time, there was a strong recovery after its correction but I'm not going to say it was in the same scenario we may see after this current decline. It is for now that $50k is the resistance price but for sure it was subject to change depending on the market flow. We might not know that the next surge will be reaching $60k, can't disclose such a chance knowing that the current demand for Bitcoin is really high.

Spack17

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After witnessing Bitcoin price to fall down very sharply by $10k, we see it at $45k now. It looks like it will need to break the $50k resistance again if it starts recovering soon. But Bitcoin is having a difficulty in even breaking the current resistance level as people started selling their coins. Panic sellers are helping the destruction of the market now. The coming days can bring about even a lower price than this but I hope that it won't happen.

Kittygalore

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Quote from: kendedese on September 09, 2021, 06:39:02 PM

bitcoin lost $6k in a very short time. looks like $50k is still a very strong barrier for bitcoin to reach $100k this year. but I'm not too worried because in September there is often a sudden drop in prices like this. bitcoin needs more power to actually cross $50k and hit a new higher ATH before 2021 ends.

But it has already broken that point so I don't think that we're going to see any kind of resistance again when bitcoin goes back to that point, the flash crash was so sudden but it's not going to be hurting the market for the long-term, someone out there must've probably wanted to take some profit so they're selling their bitcoin.

Topic: Will $50,000 be the resistant price? - page 3. (Read 964 times)