Topic: Will $50,000 be the resistant price? - page 5. (Read 848 times)
Currently the bitcoin price is only around -23% from its high ATH in May. Having previously dropped below $30K, today we see the price almost hit ATH earlier. $50K is support which I don't think is strong enough at the moment and it's still possible to go back down. But as long as the market is not influenced by a strong FUD, the resistance above it is still possible to break because so far the bitcoin price has continued to improve from week to week in the last 2 months.
It really seemed like Bitcoin price was going to have a very big difficulty in breaking this resistance level and it was going to start going down again. The price went down to $46k in this period. However, the price managed to hold onto there and started recovering. After breaking the $48k and $49k resistances, the next one was $50k. But Bitcoin was still confident about it too and now we are seeing it at $50k again. Now, the new target is $55k and it is achievable in not much time.
It was already broken mate and still sitting on that price now, the last time we reached 50,000$ value , bitcoin stays for 3 straight days but never stand strong.maybe this come to be taking now, as the price is not not dumping again and seemingly altcoin is also being pushed.
51k is on the way and that is the start of 55k breaking .
the next target must be 55k to run down that 60k level one more time this year.
After reaching $50k yesterday, the bitcoin price is now back to the $48k price level. I wonder if the correction will come again since we are almost at the weekend. We already see $50k, so we can see that price again in the next week. Hopefully, this month will be the time for bitcoin to back increase and stay above $50k and even it will have a chance to increase more than $55k. Just hold your bitcoin and accumulate if you still have more funds and wait for the price increase.
Probably a lot of people might've taken some profit when the prices reached that point, nothing wrong with that cause it's a normal thing to do. That's what I am doing, hodling and slowly accumulating bitcoin so when the prices started going up really nice, I have a lot of profit. 
Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength. Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
The impact for altcoins has indeed been quite unstoppable, as I trade Cardano it has clearly soared on a very fine scale. This is profitable for me and all altcoin traders. Thus caution for altcoin traders must also be considered. Breaking through the $50K mark and some time into the future means there's a chance the altcoin may have a boost for some time. Not on a massive scale of the increase, but relatively balanced between increases and decreases.
there are indeed situations that it could go to opposite.
This is why when you are a trader then there are lots of possible factors that would affect on breaking resistances and decisions will really be varying into your knowledge.
Now we are hovering on 50k and stay up on there and didn't tend to have some pullback and lets see if it would push through 55k onwards.
Another minor pull back has happened, the last price that I've seen is around $50,800 and I thought that we can go pass $51k, but it's too much as we have traders again this weekend selling $50k to take home some profits. Nevertheless we are still green in the last 24 hours.
Although it is already weekend, we might see the volumes going down, I think we can still break that $50k again in the next 2 to 4 hours timeframe. Asian market is alive so it might push the price at least to $50k again.
Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength. Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
The impact for altcoins has indeed been quite unstoppable, as I trade Cardano it has clearly soared on a very fine scale. This is profitable for me and all altcoin traders. Thus caution for altcoin traders must also be considered. Breaking through the $50K mark and some time into the future means there's a chance the altcoin may have a boost for some time. Not on a massive scale of the increase, but relatively balanced between increases and decreases.
there are indeed situations that it could go to opposite.
This is why when you are a trader then there are lots of possible factors that would affect on breaking resistances and decisions will really be varying into your knowledge.
Now we are hovering on 50k and stay up on there and didn't tend to have some pullback and lets see if it would push through 55k onwards.
It really seemed like Bitcoin price was going to have a very big difficulty in breaking this resistance level and it was going to start going down again. The price went down to $46k in this period. However, the price managed to hold onto there and started recovering. After breaking the $48k and $49k resistances, the next one was $50k. But Bitcoin was still confident about it too and now we are seeing it at $50k again. Now, the new target is $55k and it is achievable in not much time.
Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength. Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
The impact for altcoins has indeed been quite unstoppable, as I trade Cardano it has clearly soared on a very fine scale. This is profitable for me and all altcoin traders. Thus caution for altcoin traders must also be considered. Breaking through the $50K mark and some time into the future means there's a chance the altcoin may have a boost for some time. Not on a massive scale of the increase, but relatively balanced between increases and decreases.
Think of 50,000 has being the equilibrium where buyers and sellers are all matched up but seeing less activity here there is indecision but looks like its slowly going over this price we might say sellers are losing this battle and we might need to look for a new potential area of resistance maybe $60k or $64 areas where price crushed hard here and this is going to make or break our hearts.
Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength. Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH
After reaching $50k yesterday, the bitcoin price is now back to the $48k price level. I wonder if the correction will come again since we are almost at the weekend. We already see $50k, so we can see that price again in the next week. Hopefully, this month will be the time for bitcoin to back increase and stay above $50k and even it will have a chance to increase more than $55k. Just hold your bitcoin and accumulate if you still have more funds and wait for the price increase.
That's kinda normal. Bitcoin market has been moving that way for quite a long time especially when we're looking ata strong resistance. Every time Btc hits close to $50,000 short traders tends to sell it and then accumulate during short pullbacks.
But I guess it would be different now that Btc just broke the $50,000 barrier and is currently trading at $50,200+. If Btc will sustain the $50,000 level even for a week, there will be a huge chances for Btc to make another run and break another ATH at the same year.
Nevertheless, everyone in crypto space has been bullish with the current Btc run.
I feel like 50k is a very strong resistance for bitcoin since it's a "checkpoint" price where people easy to remember and it's already high enough for now.
It's just another round numbers, but sometimes we consider it a big one, psychological that it takes sometime before we broke it and sustain.
So, it's time for altcoins to rising because bitcoin will be sideways on 50k position for a long time.
My prediction bitcoin will just move around 45k - 50k, if it breaks $50k i'm sure it will create a world hype again just like before and many people starting back to invest and it probably create a new all time high
My prediction bitcoin will just move around 45k - 50k, if it breaks $50k i'm sure it will create a world hype again just like before and many people starting back to invest and it probably create a new all time high
Doesn't matter if altcoins are rising, it's easy for them to go up in a day by 10%-20%, that's how it is. But they could only influence the price of bitcoin that much. Bitcoin is still the prime mover of crypto, so whatever direction it moves, altcoin follows.
^^, Yes cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.
The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
In august it has hit a good value, bitcoin continues to move but it will start slowly but after returning to $47k and we see a small pump will start so I assume that in this month it will be $10k value until the end of the month and be the target $60k, we continue to test how bitcoin will become resistance and correction with various others, but I see an opportunity so confident ATH will be reached soon.The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
I don't care this bot trading doesn't affect that much but the target has been reached for sure the value will increase again so they have bought with confidence it will be $60k later.
But when we are in a bullish sentiments, it doesn't matter and it won't affect the price that much as you have said. Now, I've seen the price is attempting to breach $50k again. Maybe in the next 4 hours it will, so let's see how it goes and how the traders will react again.
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After reaching $50k yesterday, the bitcoin price is now back to the $48k price level. I wonder if the correction will come again since we are almost at the weekend. We already see $50k, so we can see that price again in the next week. Hopefully, this month will be the time for bitcoin to back increase and stay above $50k and even it will have a chance to increase more than $55k. Just hold your bitcoin and accumulate if you still have more funds and wait for the price increase.
I feel like 50k is a very strong resistance for bitcoin since it's a "checkpoint" price where people easy to remember and it's already high enough for now.
So, it's time for altcoins to rising because bitcoin will be sideways on 50k position for a long time.
My prediction bitcoin will just move around 45k - 50k, if it breaks $50k i'm sure it will create a world hype again just like before and many people starting back to invest and it probably create a new all time high
So, it's time for altcoins to rising because bitcoin will be sideways on 50k position for a long time.
My prediction bitcoin will just move around 45k - 50k, if it breaks $50k i'm sure it will create a world hype again just like before and many people starting back to invest and it probably create a new all time high
For sure seems like it.
However I am not that fussed about it. It's just going to be another short term resistance that we will break through sooner or later.
I think that there is still a bit of gas left in the tank for this bull run to continue despite the popular sentiment that this is the beginning of the end for the 2020-21 bull cycle.
Just keep on holding for the long term, dollar cost average, and you'll be rewarded handsomely.
However I am not that fussed about it. It's just going to be another short term resistance that we will break through sooner or later.
I think that there is still a bit of gas left in the tank for this bull run to continue despite the popular sentiment that this is the beginning of the end for the 2020-21 bull cycle.
Just keep on holding for the long term, dollar cost average, and you'll be rewarded handsomely.
No one can really be sure of staying above $50,000 after that, as Bitcoin going on a break before the end of the year could possibly break above $60,000. At least it could hold between $45,000 and provide a much stronger boost. Almost all are carried away by price emotions and altcoins are also having a pretty good impact. Seeing the top 10 at CMC looks quite refreshing to the eye.
I think there have been calm moves that can identify Hodl's trend in strength. The first signals of September identified a reversal from the same period in the past. And I guess we'll cross the $50k cloud sooner in the next few days. An entirely different fragmentation and structure change this year could signal a historic super cycle.
Source: Cryptoquant
I am bullish on these powerful indicator lines
Source: Cryptoquant
I am bullish on these powerful indicator lines
^^, Yes cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.
The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
I predict currently bitcoin is still very weak or still difficult to move above $50k. many barriers to breaking above $50k in a few weeks. I see currently the issue that can affect bitcoin being able to penetrate above $50k is very quiet, only some local information is still optimistic about bitcoin's growth. so I'm concluding that for a few weeks it will continue to last between $48k to $50k.
cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.
The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
It is really a big of a trouble not when bots start to end up selling off but when there is a huge increase in bitcoin and people start using high leverage, like as much as 150x leverage to say bitcoin will keep going up, because if it goes down to like 49k or under, then there is a lot of liquidity coming into play that turns their bitcoin into USDT to pay for it and that causes a big sell off chain reaction and makes everyone sell.The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
This is the main problem that bitcoin price increase has and I believe same could happen now as well. I believe that we need to go way beyond 55k+ to feel a bit more at ease about 50k, as we can see it drops under and goes over constantly and that is why there is a big risk we are taking right now.
^^, Yes cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.
The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
In august it has hit a good value, bitcoin continues to move but it will start slowly but after returning to $47k and we see a small pump will start so I assume that in this month it will be $10k value until the end of the month and be the target $60k, we continue to test how bitcoin will become resistance and correction with various others, but I see an opportunity so confident ATH will be reached soon.The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.
I don't care this bot trading doesn't affect that much but the target has been reached for sure the value will increase again so they have bought with confidence it will be $60k later.
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