Will $50,000 be the resistant price?

yohananaomi

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Quote from: TheEconomists on October 26, 2021, 05:43:25 AM

I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around $64k and that means your thread is now outdated as many things have change hand in the crypto currency market.

That's right, because the op did that in August where the price at that time was still at $49K, so if you look at it now, it's clear that there will be a difference.
what you said was the latest update and now it's crawling to be corrected again. maybe it will go down to $50k can it happen? or will instead come back again to achieve renewable ATH. because bitcoin is able to make movements in a day can be more than $ 10K and anything can happen.

cryptomaniac_xxx

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Quote from: MrcMrc on October 27, 2021, 09:50:04 AM

Quote from: TheEconomists on October 26, 2021, 05:43:25 AM

I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around $64k and that means your thread is now outdated as many things have change hand in the cryptocurrency market.

Well since we are in a volatile market Bitcoin price at any time is still relevant most especially for record purposes, the price of bitcoin is already above 59k but it can correct back to below 50k. The thread is still up to date list for analysis and future record sake.

Yes, that's how volatile the market is, we thought that the last previous all time high will become the support level. But even that price is broken and it's sad to see the price now going below $60k. But we have seen this kind of dip before, this is very similar to 2017 now. So it is still possible that we will see an growth explosion at the end of the year. And we are talking about the 6 digit price that everyone expected where the price could be in December. So just treat this as a natural pattern on bitcoin's market.

MrcMrc

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Quote from: TheEconomists on October 26, 2021, 05:43:25 AM

I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around $64k and that means your thread is now outdated as many things have change hand in the cryptocurrency market.

Well since we are in a volatile market Bitcoin price at any time is still relevant most especially for record purposes, the price of bitcoin is already above 59k but it can correct back to below 50k. The thread is still up to date list for analysis and future record sake.

STT

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Resistance becomes support once passed and we definetly passed 50k (with weekly bars and its volume) so I agree its just a case of viewing 50k as the very lowest area. Ideally it would be tested but rejected and bought up, hence bullish reaction medium term etc.

50k is probably the most significant nearby pricing we may have to revisit to confirm a level of price action support. ie. to go higher we may need to go as low at 50k first and it will still be considered bullish over the wider term.
At present its reasonable to watch us vs the weekly average which we've attempted to trade above and just dipped below again. Before 50k consider 57.5k and 55.5k are more likely if we are positive overall it may not go further then that but 50k area has the 50 day average in that area and alot of momentum underlies various buy strategies for those accumulating BTC over a longer term period then just trading and common speculation.

TheEconomists

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I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around $64k and that means your thread is now outdated as many things have change hand in the crypto currency market.

rodskee

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Quote from: Tellek Garing on August 30, 2021, 06:52:33 AM

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.

then you are wrong because 50k had already taken even before you created this thread so How come that you still asks for this.. what comes to your mind that 64,000 was already recorded months before you put this one up.

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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.

I am aiming for at least 70k for Bitcoin this year and that is enough for me to reached by 2021.

then in the following years we don't know what will come.

btc78

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Quote from: suzanne5223 on October 24, 2021, 04:26:14 PM

No one can provide a 100% prediction about the Bitcoin market because the price momentum of the market is determined by the level of supply, demand, and each trader's selling decision. Besides, the last 3 months of the year of the Bitcoin halving market is known to be very manipulated by the whales and some ey players in the market but I expect the market resistance level to be below $50,000.

the $50k market price is no longer the current resistance level price as the market has broken through the $60k price. bullrun market is going on even though there was a slight price correction, but the resistance level for the past two days is at $60k and the price is likely to break through $70k next week according to some references that we observe.

yes 70k is the next resistance as we had already broken 65,000 meaning the next level is 70k before targeting the 75-80k resistance and when reached surely the following 100k will finally taken .
i think this thread Must be locked because it has already passed , and nothing to discuss here aside from another spam posts .
Reporting this thread now for locking .

suzanne5223

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No one can provide a 100% prediction about the Bitcoin market because the price momentum of the market is determined by the level of supply, demand, and each trader's selling decision. Besides, the last 3 months of the year of the Bitcoin halving market is known to be very manipulated by the whales and some ey players in the market but I expect the market resistance level to be below $50,000.

elisabetheva

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Quote from: BITCOIN4X on October 15, 2021, 11:33:51 AM

Quote from: carlisle1 on October 15, 2021, 10:49:21 AM

Anything is possible within the market. Be wise and not to be greedy not to lose your chance to maximize your profits.

Today the bitcoin price has broken through the $60K resistance which means it is only $4K away from the previous ATH. Many people hope that today the price of bitcoin can match ATH last April and set a new ATH record, but it is true what you say that never be greedy because we never know how it will turn out. We should be able to consider the opportunities that exist to gain profit and also consider the risks as well.

ATH $67,276.79 - Oct 20, 2021, already formed and what you said has happened. i.e. a new record of the last ATH has been set by bitcoin. not long ago ATH happened now it has started to correct again, and lastly it was -10% of ATH. Of course it can happen that it will fall back at the resistance number you said.

but there is always optimism that occurs with the correction, usually after the correction it will increase again and renewable ATH will be formed. so my prediction that the end of october bitcoin can penetrate $ 70k, is not a very impossible thing to happen and we are waiting for it patiently. there will always be more surprises that will be made by bitcoin.

LUCKMCFLY

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Apparently $ 50k seems to be the ideal resistance to any bearish attack, however since yesterday the bulls have been giving a lot to talk about, puyes are testing supply levels close to $ 60k:

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Tonight, after a slight pullback, buyers once again stormed this resistance, forming bullish momentum. The growth was supported by rather large volumes, and the price of Bitcoin broke through an impregnable line. In the morning, the maximum is set at the psychological level of $60,300.

Source: https://u.today/btc-eth-and-xrp-price-analysis-for-october-15

This type of analysis is mutually necessary, because sometimes when seeing the volume and graph is not everything, many have a way of seeing the market, and if we start to study the price level, everything indicates that $ 50k is the best resistance for now.

BITCOIN4X

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Quote from: carlisle1 on October 15, 2021, 10:49:21 AM

Anything is possible within the market. Be wise and not to be greedy not to lose your chance to maximize your profits.

Today the bitcoin price has broken through the $60K resistance which means it is only $4K away from the previous ATH. Many people hope that today the price of bitcoin can match ATH last April and set a new ATH record, but it is true what you say that never be greedy because we never know how it will turn out. We should be able to consider the opportunities that exist to gain profit and also consider the risks as well.

carlisle1

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Quote from: Dave1 on October 14, 2021, 09:39:05 PM

Quote from: Weng simok on October 12, 2021, 02:10:17 AM

The bitcoin price ranged from $52k - $57k this week with a bitcoin price of $56,800 today. Bitcoin is holding on to the $50k mark and there will be another increase, possibly breaking the $60k market price next week.
This forecast becomes the right benchmark in investing before bitcoin rises so far.

Unfortunately, there is a big resistance on the $58k line. The last price I've seen is like $58,200-$58,300 but it quickly goes down again to $57k. And it's certain that speculators are selling at the $58k price so it might take some time to reach $60k.

I guess still the right time to invest and wait for it to go above $60k. We still have more than a week to accomplished this as I'm looking for the last week again to see some dumping before entering November.

if you place your money where your heart is, surely you are now enjoying the market bounce.
Currently, the price is already $60k+, entering now the new barrier if strong hands will continue to hold and allow this

bounce to move forward. This bull may bring more and possibilities that it will give a new time high.
Investors who understand the potential will keep their assets safe and allow any cycle until the end of this year.

Anything is possible within the market. Be wise and not to be greedy not to lose your chance to maximize your profits.

Dave1

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Quote from: Weng simok on October 12, 2021, 02:10:17 AM

The bitcoin price ranged from $52k - $57k this week with a bitcoin price of $56,800 today. Bitcoin is holding on to the $50k mark and there will be another increase, possibly breaking the $60k market price next week.
This forecast becomes the right benchmark in investing before bitcoin rises so far.

Unfortunately, there is a big resistance on the $58k line. The last price I've seen is like $58,200-$58,300 but it quickly goes down again to $57k. And it's certain that speculators are selling at the $58k price so it might take some time to reach $60k.

I guess still the right time to invest and wait for it to go above $60k. We still have more than a week to accomplished this as I'm looking for the last week again to see some dumping before entering November.

Weng simok

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The bitcoin price ranged from $52k - $57k this week with a bitcoin price of $56,800 today. Bitcoin is holding on to the $50k mark and there will be another increase, possibly breaking the $60k market price next week.
This forecast becomes the right benchmark in investing before bitcoin rises so far.

XCANA

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Not really a resistance anyway but I see that Bitcoin is gathering momentum for the next more for like $70k and above. Although some people are of the believe that it is a resistance because Bitcoin is unable to stay above $50k more than a week and that is their main reason why they believe Bitcoin resistance is currently at$50k.

STT

legendary

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Just has to be a supportive price for now. We have a possible failure condition on a rising trend where we have been sideways at 56k to 54k and failed to maintain that strong pattern of gains over some days. This might matter short term, we are round about 2 day average still, but weekly average might be more reliable a guide which is futher down from here. That makes 52 to 50k a good area to hold for further gains.

Semar Mesem

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I'm sure we'll get out of $50k soon, the year-end trend always makes bitcoin prices skyrocket up to 2x compared to the previous 3 months, namely the current month, and looking at the trends in the market I'm sure new ATH will happen in October, maybe we will reach $70 k in October.

BuNga_cute

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Quote from: lixer on October 08, 2021, 08:34:02 AM

Quote from: dezoel on October 07, 2021, 09:19:02 AM

What people do not understand is that, when "is 50k resistance" asked that doesn't mean that we will not be going over 50k, you can go over 50k but then fail to keep going and go back under 50k and that is still a resistance, not all resistance prices are unbreakable, they are just a little more loose than others so they let it go up and then draw it back again.

I believe 50k is exactly that, we may have gone over 50k but it is a resistance price that takes time to get it back. Maybe it will not be able to get under 50k again which would be great for all of us of course but that doesn't change the fact that it will at least try to do that, it may fail to do it but it will try to do it. It means that 50k is a special price, and I believe it will be the decider on the upcoming bull, if it allows it to stay higher than the bull will come big time.

This is the thing about bitcoin, sometimes it looks like it will never go up and even going up 1k is so hard that it goes back down again, for weeks it stays there and does nothing and looks gloomy. Then suddenly in a week it goes up 30%+ in price, makes everyone crazy about it. I really do not get how we are doing this and how it can be sustained, I may have a heart attack at an early age soon enough. All jokes aside I believe that it was actually a resistance price, however the skyrocketing price was so powerful that it shoot through the resistance and broke it down very easily, not because it wasn't a resistance, but it was a strong increase in price.

I was also very surprised at how quickly Bitcoin rose to $55k, whereas previously it was very difficult to get above $50k. But this is Bitcoin,
sometimes Bitcoin often surprises. That's why I always recommend learning Bitcoin first, before finally deciding to invest in Bitcoin.
Because if we don't understand how Bitcoin works, will only make us panic and make wrong decisions. Therefore investing in Bitcoin has
a very high risk, Bitcoin price movements are very volatile and difficult to predict. So having knowledge is very important to be able to
successfully invest in Bitcoin.

lixer

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Quote from: dezoel on October 07, 2021, 09:19:02 AM

What people do not understand is that, when "is 50k resistance" asked that doesn't mean that we will not be going over 50k, you can go over 50k but then fail to keep going and go back under 50k and that is still a resistance, not all resistance prices are unbreakable, they are just a little more loose than others so they let it go up and then draw it back again.

I believe 50k is exactly that, we may have gone over 50k but it is a resistance price that takes time to get it back. Maybe it will not be able to get under 50k again which would be great for all of us of course but that doesn't change the fact that it will at least try to do that, it may fail to do it but it will try to do it. It means that 50k is a special price, and I believe it will be the decider on the upcoming bull, if it allows it to stay higher than the bull will come big time.

This is the thing about bitcoin, sometimes it looks like it will never go up and even going up 1k is so hard that it goes back down again, for weeks it stays there and does nothing and looks gloomy. Then suddenly in a week it goes up 30%+ in price, makes everyone crazy about it. I really do not get how we are doing this and how it can be sustained, I may have a heart attack at an early age soon enough. All jokes aside I believe that it was actually a resistance price, however the skyrocketing price was so powerful that it shoot through the resistance and broke it down very easily, not because it wasn't a resistance, but it was a strong increase in price.

dezoel

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What people do not understand is that, when "is 50k resistance" asked that doesn't mean that we will not be going over 50k, you can go over 50k but then fail to keep going and go back under 50k and that is still a resistance, not all resistance prices are unbreakable, they are just a little more loose than others so they let it go up and then draw it back again.

I believe 50k is exactly that, we may have gone over 50k but it is a resistance price that takes time to get it back. Maybe it will not be able to get under 50k again which would be great for all of us of course but that doesn't change the fact that it will at least try to do that, it may fail to do it but it will try to do it. It means that 50k is a special price, and I believe it will be the decider on the upcoming bull, if it allows it to stay higher than the bull will come big time.

Topic: Will $50,000 be the resistant price? (Read 848 times)