To be honest, I wasn't expecting $50k resistance as unbreakable for a long time. I wonder if there is a specific reason now. I guess people are still demanding Bitcoin a lot considering the possibility of reaching $100k this year.
I am expecting anything to happen but I know bitcoin will not decrease below $20,000, it isnalsobvery possible that the price can get to/$100,000, bit with what is happen now, this may not be possible this year, bitcoin still have a time to get above $100,000, we shluld be patient. Bitcoin increased to $47,400 today, let us see what will happen next. 
Topic: Will $50,000 be the resistant price? - page 7. (Read 848 times)
Last night, we saw Bitcoin price at $46.8k. It is having a big difficulty in fighting back against the $50k resistance level recently. If it goes on like this, it seems very probable that Bitcoin price can continue to decrease. To be honest, I wasn't expecting $50k resistance as unbreakable for a long time. I wonder if there is a specific reason now. I guess people are still demanding Bitcoin a lot considering the possibility of reaching $100k this year.
Well, when the bitcoin price hit $50k a few weeks ago, I also thought that it would last. in fact there was a price correction that pushed the bitcoin price back below $50k and reached its current price.
however, I'm still pretty sure the bitcoin price will hit $50k, even higher. The reason is quite simple, at the end of this year, I am sure that quite a lot of investors will look at bitcoin. even when Elon Musk glanced at bitcoin and doge, there are now enough companies that accept bitcoin, even Paypal do that. Well, that's the basis of my thinking that the bitcoin price could hit $50k, and be even higher in the future.
however, I'm still pretty sure the bitcoin price will hit $50k, even higher. The reason is quite simple, at the end of this year, I am sure that quite a lot of investors will look at bitcoin. even when Elon Musk glanced at bitcoin and doge, there are now enough companies that accept bitcoin, even Paypal do that. Well, that's the basis of my thinking that the bitcoin price could hit $50k, and be even higher in the future.
These situations can confuse us to determine where the price will go because sometimes, the price can be at $48,000 and at the other time, the price can be below $48,000 and we see the price now reach $47,913.
We never know that the price can back to up to $48,000 or even $49,000 but I am sure we believe that sooner or later, the price will break every barrier to go to the high price.
The resistant price can move to any price, especially if the price is going up or down, making us need to analyze deeper to find out more.
But the chance for the price to go back up to $50,000 is still there and only waiting that we can do right now while we can also accumulate more bitcoin every time the price is down.
Once the price reaches $50,000, people will take their profit and wait for another correction or sell at many high price levels.
We never know that the price can back to up to $48,000 or even $49,000 but I am sure we believe that sooner or later, the price will break every barrier to go to the high price.
The resistant price can move to any price, especially if the price is going up or down, making us need to analyze deeper to find out more.
But the chance for the price to go back up to $50,000 is still there and only waiting that we can do right now while we can also accumulate more bitcoin every time the price is down.
Once the price reaches $50,000, people will take their profit and wait for another correction or sell at many high price levels.
One of the reassuring factors is that when we are able to hold on for the long term, not only aiming at $50k of course as a profit point, there are many other opportunities when it starts to leave the value of $50k. Those who set the point at $50k...maybe they are in the short term.
I'm sure more people will say that Bitcoin will be even more powerful after this, and perhaps a new history of its price will be created.
I'm sure more people will say that Bitcoin will be even more powerful after this, and perhaps a new history of its price will be created.
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but 50k was not the resistance because this has been broken couple days ago.
Prices are broken all the time, but does it hold and for what duration. Some people watch prices on hourly bars, some daily, weekly even monthly. If it trades above 50k and then reverses back down even on a weekly, that could easily be considered not at all bullish. Depends on your perspective, I dont think 50k resistance has been disproved thus far. Price action has more work to clear the way, I think thats my take for the rest of the year till I can see different in the chart.
There is almost the same topic created last week in which talks about the same conversation here >>>>>>>>>>>>>
https://bitcointalksearch.org/topic/btc-bull-attempts-to-break-50000-a-psychological-hurdle-as-well-as-the-next-5356238
Best to lock this and participate on that thread to lessen the spam in the same board in which both are running with almost same posts coming.
but 50k was not the resistance because this has been broken couple days ago.
https://bitcointalksearch.org/topic/btc-bull-attempts-to-break-50000-a-psychological-hurdle-as-well-as-the-next-5356238
Best to lock this and participate on that thread to lessen the spam in the same board in which both are running with almost same posts coming.
but 50k was not the resistance because this has been broken couple days ago.
Its not 50k itself but that rough area yes has some prior volume accumulated, just stick to weekly bars and it should be possible to draw a horizontal line across all the closing prices this year that matches a common closing area. That makes it a speedbump I'd guess.
The Sunday high and quick reversal from that point was some tell of negatives still ongoing in the price I think. It forms a lower high over some days and fits resistance existing in this area still . The chart trend I put in has us closing the weekly price below previous gains sequentially since late July. Once we lose a trend upwards it can take some time to appear into a decline but generally I expect it to pullback.
The Sunday high and quick reversal from that point was some tell of negatives still ongoing in the price I think. It forms a lower high over some days and fits resistance existing in this area still . The chart trend I put in has us closing the weekly price below previous gains sequentially since late July. Once we lose a trend upwards it can take some time to appear into a decline but generally I expect it to pullback.
I think, if we will hear one great news, we will surpass the $50k level very easy. But right now, it is already doing good as we surpassed the 45k and it is keeping afloat more than this range. What we can do while waiting for the rise is think of ways how to improve our portfolio and be ready for the bullish run of bitcoin. If we will just wait, we may not be prepared once the market is going green again.
I do see that in a different aspect, i do not consider $45k as the best time to invest. Everyone had many opportunities to invest in Bitcoin for a long time and if you did not take that opportunity then you need to wait for the market to settle down before making investment decisions. I usually do not invest during a bull run and our bull run started a few months back and i have booked my profit during its run and when we had a minor correction i once again entered the market and now watching the market to make my next move rather than planning to invest now . $50,000 price level is a resistance-turned-support-turned-resistanc and its a key price to keep a close eye on. At the moment, Bitcoin has been trying to break pass the resistance at that price level and so far so good, it hasn't been successful despite making multiple attempts to get pass it. Like I said, we just have to keep an eye on that level. If price passes $50K convincingly, I'll trade the breakout and open a long order just immediately after.
I think, if we will hear one great news, we will surpass the $50k level very easy. But right now, it is already doing good as we surpassed the 45k and it is keeping afloat more than this range. What we can do while waiting for the rise is think of ways how to improve our portfolio and be ready for the bullish run of bitcoin. If we will just wait, we may not be prepared once the market is going green again.
$50,000 price level is a resistance-turned-support-turned-resistanc and its a key price to keep a close eye on. At the moment, Bitcoin has been trying to break pass the resistance at that price level and so far so good, it hasn't been successful despite making multiple attempts to get pass it. Like I said, we just have to keep an eye on that level. If price passes $50K convincingly, I'll trade the breakout and open a long order just immediately after.
No one can tell you what's the accurate next price that bitcoin will be leading. If you think that there are a lot of those who have bought bitcoin at a lower price than it is today then think also of how the majority are holding and won't sell at any price. There's a higher number for the holders rather than those people that are in quick profits if ever bitcoin goes $50k again. There have been a lot of people that have been liquidated because they've thought that bitcoin won't go up anymore and that's why they've shorted.
For now, it seems like the $50k level is the biggest resistance for Bitcoin. Since it went down below $50k, it has been having a big difficulty in even going over $49k. This is the most critical part for us. If Bitcoin manages to break the current resistance, I'm expecting the price to move on until reaching $55k. But if it struggles for a long time, I have doubts about whether we would see the price starting to decline again.
As the we are near to that price again and looking at the current state of the market I think 50k is not the biggest resistance price, we already see bitcoin touch to that figure so provably anytime or maybe in next following days we can see that it will surpass to that figure and reach another price level next month. Maybe 55k or 60k is biggest resistance since for sure we will see it struggle to climb up that far since for sure doubt will start to climb up and provably we see a correction after that figures will be reach up. 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.
Dont rush up because we would eventually break this one and this isnt the first time that we are thriving on breaking a strong resistance specially if there's a strong sell order into those levels which its really 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.
not surprising that it wont really be break easily but doesnt mean that we wont able to see those 60k+ price anytime soon. For now the best thing to do is to take advantage whether you do accumulate
or wait up for some dip price before you do make some entrance or buyback.Profitability does depend on risk taking thing which really differs on each of everyone of us.
For now, it seems like the $50k level is the biggest resistance for Bitcoin. Since it went down below $50k, it has been having a big difficulty in even going over $49k. This is the most critical part for us. If Bitcoin manages to break the current resistance, I'm expecting the price to move on until reaching $55k. But if it struggles for a long time, I have doubts about whether we would see the price starting to decline again.
Bitcoin has hit 50k several times and this slight decline is just a normal correction and the movement of bitcoin is still very positive and promising for the next few months, things like this happen often which makes us wonder because bitcoin price movements only go up and down a little.
and I'm still very optimistic that for the next few months the price of bitcoin will exceed the previous ATH by the end of this year, all news about the price of bitcoin going forward is very positive and most of them predict it will reach 100k or more and hopefully come true and the correction that occurs when this is the beginning to get there.
and I'm still very optimistic that for the next few months the price of bitcoin will exceed the previous ATH by the end of this year, all news about the price of bitcoin going forward is very positive and most of them predict it will reach 100k or more and hopefully come true and the correction that occurs when this is the beginning to get there.
The price of Bitcoin is not a set price in the level of price stability like stablecoins. So we still think that the break of $50,000 is still in the early stages of becoming $100,000. Because from year to year we experience a price cycle that varies. Of course it's possible to see that $64,000 would be so easy to break.
It will keep us guessing where the price will go in the short period like for a week but in the long term we know the price can be more than $50k.
Traders are consolidating when the price is going sideways and are happy to raise a fraction of BTC every filled orders. I'm certain many will still be happy as long price bounces back to 49k after an hour of dip to 47k.
That is why a correction is always healthy. Those who are setting their profit at $50,000 will be shaken out of the market after several attempts of Bitcoin to break away from that price. After all these profit takers are gone, Bitcoin will once again resume its rally going into $60,000 and probably make another ATH.
Don't worry about pull back. That is a very common thing to happen in the market. That is a good thing. It happens so that the price will have a time consolidating and gain strength in its next surge.
Don't worry about pull back. That is a very common thing to happen in the market. That is a good thing. It happens so that the price will have a time consolidating and gain strength in its next surge.
We have breached $50k already, so that's no resistance, although is move down a bit, but it's not a dump so there is a good chance that we can reach $50k and sustain it next month.
I can't suggest any price, but obviously, we wanted to have a new all time high at the end of the year so most likely $64k++ is a good bench mark.
The market looks so promising and that $64k is really achievable. Keeping this current momentum will clearly see that we can even reach $100k, it may not this year but probably it happens next year. I'll keep the optimism as many were also having that hope but we don't be in regrets if we fail to have it, the volatility will certainly have a huge effect on the market trend plus the support for the community. If we are still believing and get into FUDs, that absolutely we can't reach that high. I can't suggest any price, but obviously, we wanted to have a new all time high at the end of the year so most likely $64k++ is a good bench mark.
But at least August is much better than before, I don't want any FUD coming because we are calm seeing bitcoin continue to struggle, we will always see volatility and how people take a stand.
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