Bitcoin Forum

The general cryptocurrency market has been exciting, with Bitcoin gaining an all-time high of $46k since may 2021 in April Bitcoin made an all-time high of above $65k before correcting down to below $30k in mid-April.
Will $48k Bitcoin price be achievable this week?

Bitcoin being at $46k this week, of course, $48k is achievable for this week. How much was it when this week has started? there are a lot of possibilities.

But let's just enjoy whatever the price will be ending for this week. If it stabilizes around $43k-$46k then that's so much better prices that we have since a few weeks ago.

Am of the opinion that even if the market does not rise above the current price before the end of the week it will still be OK as the price of bitcoin may correct back to little above $41k it will still be OK, but am optimistic that we mat likely see $48k before the weekend.

Well it is possible --and it could be also a road to $50k price within this month. There is a lot of predictions on bitcoin price recently I saw and I was expected that bitcoin price will resist right after a small downfall. I even thought yesterday that bitcoin will have a correction again since it was already reached the $45k but I did not expect that it was now in $46k, it could be there is a correction anytime soon but still the road to $50k was there but I did not see it will create again an another ATH that could surpass $60k.

That's closer to what I am also expecting, $47k was my actual projections as of the moment and I seen $48k also be a variable price. Maybe it could spike on these price, and will soon break another resistance so we could surpass for another benchmark.
Market scenario was too unpredictable, there's no assurance for us that we will be reaching to that price position.

I have that penciled in as a near term target topside but also I expect or think its best to watch for weakness which Iam seeing right now.

https://talkimg.com/images/2023/06/12/AyMKa.png

2 day moving average, not great significance but if we stall it can lead to some selling and I would speculate or at least be aware of the scenario where we can sell off for a bit here.   Asia main market trading hours are just opening right now.  If we look at Dollar index there is not great call for concern in an obvious way but we are elevated over 3 months still hence some retraction in price to service dollar leverage is a normal process.   So just looking for that, if it recovers back above the 2 day average then false alarm.

43k is weekly average, wonder if we can reach that.

$48k will not be easy to reach so soon and I guess the price will be up and down for more. If you still want to buy, you need to make sure to buy bitcoin every time the price is down because that can trigger the price to increase higher after that. I think it is still difficult to reach $48k this week but if there is more good news for bitcoin, the price can lift fast and will reach that price in a short time. We still have much time this month and I think the price can reach $48k-$50 this month so we need to enjoy the ride with the up and down of the price.

It can be one of the following targets with BTC, and with the current trend that we are in right now, I believe that it can reach $48k soon enough. With all the news surrounding cryptocurrencies and the new hype of NFT games, it seems impossible not to be carried with this trend. With this result, I think many more people would appreciate what Bitcoin is doing for our financial systems to prevent inflation.

As much as we want the price as high as possible, it's not going to be easy although prices could surprise us on weekends. It's already $45K so it's just a tiny spike and we could get there at $48k.

The chart if you look at the daily time frame, there is a big possibility that it will continue to rise up to $50k. But you can't expect green candles all the time.

Why look for short term price goals though? Definitely it can be achieved, we have rose as high as $46k and almost $47k so it's just a matter of time before we can get to $48k.

But the big test for this month is $50k, as obviously this is a whole number and usually this is the big resistance part. But once we breach it and sustain another FOMO will sets in that might push the price up to $100k at the end of the year.

Yes, $48,000 is very achievable this week. In fact, I believe it is very possible Bitcoin will hit it before Sunday or even before the weekend. The price has already reached more than $46,000 and today is still Thursday. So $48,000 is just less than $2,000 away. And $47,000 is a price we could easily see shattered any hour from now.

But I think $50,000 is the next Bitcoin benchmark rather than $48,000. There's probably some psychological effect with $50,000 than $48,000.

Despite the correction in the price of bitcoin, 48k price is still possible am very sure we may likely have a 50k bitcoin price before the end of this week, bitcoin is already taking the lead in the market even though there has been strong resistance at the moment.

Yep. Actually we do not have any resistance up to $50k. The ones that were there have already been broken. Another thing is that technical analysis is not a 100% reliable predictive tool. It serves us sometimes to calculate what seems most likely but it is not like an algorithm.

It's taking a while but I think we will slowly get to $50k, which is the next benchmark in reality.

weekly market price correction is taking place at $43,482 and peaked at $46,300. means in a week bitcoin there is an increase of $ 3,000. the price we see is very innovative for the growth of the current bear market.
So I'm thinking for this week after the correction occurs maybe the growth at the $48,000 mark won't take long and soon bitcoin will break through the $50,000 mark.

46k seems like something of a tough spot to overcome but the good news is that 42k seems to be behind us now. We should still experience another dip because it feels like we need to have a few tests of 46k before breaking it but I think it will be rather 51k that will be the next mark. Always, a bit higher than the round number.

Bitcoin has been performing strongly since dropping in price from $30k support a few weeks ago. The price of bitcoin has increased this week. The bitcoin price is now trading at $45k. I think bitcoin price could approach $48k this month.

I believe that it will go to that point but I don't think it will stay there, I think that people that have been in the market for awhile would probably be taking profit when the prices in the market reaches that threshold.

The pattern of the market movement is very identical to the previous movement, the market must go down before it reaches bullish and is expected to be more than $50k within this month, the market movement is pushing strongly to reach a high increase in this period. Otherwise, there may be no bad resistance in case of a dump.

We are now testing $45k, the same spot we had yesterday, but the price goes to $46k and then goes down again to $45k. I do hope that it will hold and doesn't go down to the next support level of $43k.

So let's see, wouldn't be surprised to see another bump to $46k and hopefully it will be the last step to go to $48k, either at the end of the week or early next week. Exciting times ahead before the next psychological barrier of $50k.

Probably but I think that the market will have a hard time maintaining that point because there's definitely people that will sell or profit when it goes up, the price might go up more than just 48k but I am sure it wouldn't stay there for long.

But atleast we are near to reach that and its not impossible to came up unto that figure since we are so close to reach that since the price at the moment is at $44k - $45k USD. But if something huge pull down will happen then maybe the speculated price given here might not gonna happen since there are still we need to look for to get a better result towards bitcoin.

We already reached $60k+ ATH so no wonder that this scenario will happen back again.

I guess $48k will be the next target for bitcoin to break, but that will not happen soon because the price is still not back to $46k. I think it can happen in the next week or two weeks but we do not know for sure. But we will have more time to see the price will be back to $65k in this year because we still have at least, 3-4 months later and if many supports from the big companies to bitcoin and there is a big demand to buy bitcoin, that can make the price lifted.

While the price now is dropping once again , downing to 44k level .

https://coinmarketcap.com/currencies/bitcoin/ yet i think that the new benchmark must be 50k because the climb is the beginning of the new ATH .

we have seen this couple of days falling 2k and then climbing 4k .

so from that 46k the pump will be 50k.

it could be. and then price will stay $50k-54k bouncing sideways in this price for probably months. its going to be too good to think that it will continue to go up straight to 100k like the influencers had predicted.

good to see its drop today, small investors wants to come in to buy some BTC. giving them an opportunity would be healthy growth.

I think it's for sure and the current price is around 44K and to reach 50K or so is very close compared to 30K, and the current drop is their chance to buy it.
I still believe the bitcoin price will reach 100K or at least exceed the previous ATH which will happen by the end of the year as the experts predict, although all predictions are not always correct at least there is a target to reach that price.
and if it is beyond expectation, just hold it and wait until it hits the target and realize that long term is the best option for bitcoin.

yeah right, this current fall is the chance for everyone who wanted to invest with long-term plan, there' are still a lot of possibilities that

the market will pump back and the strong bull will pull the trigger up.
Breaking the last time high is very possible, Bitcoin move few weeks ago and shows how powerful the market can go, it's just a matter of time, with trust from more holders the value will rise back.
For sure! There are many holders who already experienced that and it's proven that if you want to maximize your profits, set your target and patiently wait.

A day passed you asked this question and the market is having a minor correction, expect the market to have its due correction once in a while and you cannot set a target that the market would rally so and so without any correction. I am not surprised with the way the market is moving as you should expect the institutional investors who invested well before the rally started will book their profit.

If we sustain this area where we currently are, we might see $48k within 3-4 days but today bitcoin wasn't able to sustain the support of the 200 Daily MA, and now if it closes below the 44500$ area tonight then I don't think 48k is possible, there has been some bullish momentum in last few days but most of it has been met by equal bearish momentum, if you see hourly charts there are long green as well as red candles too, also we have a weekend in a couple of days and I am expecting a huge correction this weekend from BTC at least down to $40k. Also no way I am expecting a new all-time high in a year or two.

I honestly do not know that if we can call the same thing for this one. Sure it looks like it is possible, but it doesn't mean that we will end up with it at all times like the previous one. I think some drops are the news of a big up coming, but some drops are just drops and that’s it. We can never know which one it is that we are living, if we did we could have made millions from $100 because we would have the talent to know every drops meaning.

However this also doesn't mean that we won't go up, I do agree with you that there is a good amount of chance that we could make a good profit out of this, the price seems to be going up a lot better than going down, hence why I believe we will definitely profit, 50k+ is not that far away and even though we had a small fall, that wasn't too big and the hype is still going on, when there is a drop and people are not talking about how much more it could drop but talk about when it will go back up, that’s a good sign.

It is a way of saying that we don't lose hopes as $48k is not really far, it was just a few steps from $45k.
Anyway, we can't assure that it all comes to a rallying trend, dumps are still waiting and we can't ignore this. We could still be thinking positively but never not be confident as we are once a victim to this last 2017. It is a need for us to prepare as not always we are in the hype.

Seeing a decrease in the price of Bitcoin as much as 3% within 24 hours,  this is actually still normal and there is a possibility that the price of
Bitcoin will rise again. So I am optimistic that the price of $48k can be achieved in the next few days, the most important thing is that there is
no FUD suddenly circulating, it could cause the price of Bitcoin to drop. Even though Bitcoin is still in a bullish trend, we as investors still have
to be vigilant, because the price of Bitcoin is volatile. So the possibility of a dump could happen, it's a good idea to use the stop-loss feature to
prevent bigger losses if the Bitcoin price suddenly drops drastically.

I guess bitcoin as a speculative asset is having some strong resistance at this point and the price seem stagnant at the 45k-46k level but this weekend is very certain that Bitcoin is going to break another new height that will place it on a smooth ride down to 50k which is the next stop level for me.

I totally agree,,, I feel really great to see this movement that is slower and step by step, slowly gathering strength and not going so fast/heating up like a balloon. I feel totally happy that we dip every time we make a new high because it gives us the chance to gather strength that is longer and more sustainable. Looking good!

Although bitcoin is a speculative asset, the price moving is still good and with up and down until now, I am sure we can buy low and sell high. But I do not think that reaching the next high price will be easy because after the price reached $46k a few days ago, the price is going down and reach $43k. But the price still has good movements and now, the price is at $46k so there is a chance for the bitcoin price to head to $47 in the weekend or next week. After breaking $47k, increasing the price will not be easy as many corrections can still happen before the price can break $48k-$50k. But in the end, the bitcoin price will arrive at that price soon.

In the last week the price of bitcoin has increased by around 16.7% and slowly it looks like bitcoin is starting to get back on its positive path and if this continues it is likely that there will be a higher price strengthening at the end of this month and hopefully Bitcoin can break through the resistance again the price is at $46K this weekend, so that way the bitcoin price journey to get back to getting new ATH will be easier in my opinion.

What do you mean benchmark?

If you mean benchmark as in a support level, I think that we're quite far off from that still.

$50k is a really strong resistance that we'd need to break through in order to regain bullish momentum. This doesn't seem very likely right now, let alone having $48k as some form of lower bound to cushion the falls.

If you are in BTC for the long run, you shouldn't have to worry about this stuff anyway - let the short term do its thing and reap the long term rewards.

The prior trend doesnt cap us off till about 55k or slightly lower, thats alot of space.  However considering volume we are likely to hesitate around 50k or slightly lower perhaps, thats the previous closing price quite a few weeks this year.   To me I still expect the 200 day average to be some gravity for the moment, we do have a slight range here or sideways action that would match that movement.

https://talkimg.com/images/2023/06/12/AyQQ9.png

Yeah, as we have seen minor dip, I think it even went as low $44k, but look at where the price sits round now, $46k and going up. So still lots of time to get in that $48k levels, but let's see, this week was a wild ride and it seems it might take some time to get to hump and goes to $50k.

That's the price I wanted to see entering the last quarter. Why? Because for sure it will fuel another fomo and we might see a new all time high maybe at $70k-$80k.

I believe $48k will be reached in 2 or 3 days. I personally believe the market is bullish until the end of the year. although there must have been a correction before reaching $50k but this is bitcoin that was resisting now has chosen to own it, I really enjoy the drama that is happening right now.

There are so many rooms for bitcoin to reach at $50k and there are so many days still left before august so we can provably see this to happen this month, gladly we see bitcoin go positive side even this month is supposed to be a bad month for crypto but guess there's no ghost month for bitcoin in future since we see how good the movement got by bitcoin these days. We might see more so let's hope the $70,000 will get hit this year.

Even if you attribute the movement to a ghost month for crypto but the fact is that it will not happen because this month is the beginning of the market recovery to go bullish, we are almost $50k in this month and it will be reached as soon as the market is supported by positive news regarding amazon and soccer stars Messi.

That's right, it's all a process and let's see how trader want to make a real $48K-$50K price in August.

I was already preparing myself to feel the new ATH happening this year. I think it's still very realistic to think that it will happen at the end of the year or the beginning of 2022. It is clear that we never know what will happen over the next 5 month as the volatility of supply and demand price is the main reason, but yes we all still have hope to feel something sensational on bitcoin price.

You are right, nowadays many intuitive investors are starting to make bitcoin as their asset so that it gives a strong impetus to price movements in the market, even though the bitcoin price had fallen some time ago, but the amount of trust from investors made the bitcoin price recover, now bitcoin price is $46,524 and if the market continues to improve of course the possibility of bitcoin price to reach the price of $50K could happen within this month.

All these we all do here concerning bitcoin regulations in price is assumptions, really, on my own bitcoin don't have a perfect assumptions or prediction, saying in the next two to three (2-3) days bitcoin will get into fifty thousand (50), the question is that how we sure of such prediction, cryptocurrency generally don't have to be trusted weather the prediction is beneficiary to everyone using cryptocurrency or not, cryptocurrency can't be given hundred percent (100%) assurance or sure because it's a digital currency, this is my own view towards cryptocubutrrency.

Everything is an assumption which is connected with some events that take place during that particular time period of market progress. It is similar to the rest of the investments, there is nothing assured. When it comes to centralized form of investment, warning is provided prior to the investment. It is subject to market risks, do your analysis and go for investment.

Right now the benchmark seems to be $55k by the mid of upcoming week. With this trend it'll easily cross $50k by tomorrow.

If that is much easier than done, then most if not all the traders will gain out from it, but likewise all still depend with own assessment nothing is certain and every assumption counts.

It's up to a person who will execute his trade and investment, speculations are everywhere and with a volatile nature of this market, we are unsure if what will come up tomorrow or in the following weeks.

Keep doing what you know is right with your investment. Never fail yourself because of someone's prediction better to trust your own instinct.

a few hours ago it was very close to reaching 48K:

https://i.imgur.com/e9A4Hzh.png

if the price stays above $47000 and is consolidating in this zone then Saturday or Sunday it will be above 48K and will be running to be above 50K which I think can be reached later this month of August if this movement does not change


True, but in this market we also have to follow the news and price forecasts made by other people, it helps to make comparisons with the forecasts we make

Seems that $48k is really on the horizon, and touching the 50k level again is very possible.
And also, if you really want to test your speculation skills, you can also bet on price prediction like in freebitco.
On the other note, this development is very positive for the community as we are rising up again.
When btc fell down to 30k few weeks ago, some were predicting that it will go down to 20k, and the opposite happens.

If I would remain too positive for this current btc level, I must say we're alread at that potential state of btc. Benchmark of price has many good points to consider, and after this $48k there's another speculations that's going to be projected which is $50k, $55k and even $60k as long as market keeps going.

We will go $48k as the price now can jump to $47,600 but I think the price will make a correction before it increases more.
The trend is going up from now but we still need to be careful because the price can surprise us by getting down and back to the lower price.
This month will be a good time for bitcoin to increase and back to $50k first or go up to $60k.
Getting back to the last ATH will not be easy from now on and I believe many barriers will need to break.

I don't think $48K is siginificant. $41-42K was significant because it was resistance and we broke it like butter. The next major resistance will most likely be the round $50K and then maybe $55-56K. Those are important because if you pull up a chart and load the POV which shows you what price most volume was traded at it was there.

Most likely alot of retail is trapped at $55-56K and many will want to get out at break-even. So there will be sell pressure and there is a good chance price might never even reach that area and if it does it will take a while to break-through. So if we break that area, we will easily break ATH and most likely closer to the $70K's.

I have a different opinion about this statement: 48k price is important because of the level of resistance around the 42k-46k region for almost a week before finally, Bitcoin broke that resistance level to 47k and above late yesterday. If the current Bitcoin price trend continues, then 48k might be achievable within the next 24 hours.

The best thing to do for us is to really save up and continue to stack up sats for the eventual bull run at the end of the year. Also remember that we have another upcoming good news in November, which is the taproot upgrade so I'm still going to be very bullish. Aug $48k-$50k and then September and up to the last quarter, $70k-$80k, new all time high and maybe the price that we all wanted to see, 6 digits for the first time.

It's ironic that you post this as price did just get rejected from $48K price level for, in my opinion, little to no price reason what so ever. To me it seems it was due to the TD 9 Sell signal (time-based), some bearish divergence confirming on the 4hr chart (as well as developing on the Daily chart), as well as declining volume. Oh, and it's the weekend so never a good time for a moonshot unless you want a CME gap to fill the following week. The bart pattern in hindsight was to be expected, whether over the weekend or early next week. But to me this doesn't mean $48K is a resistance level, it just happens to be the local swing high for now, while we await for more volume, potentially develop more support, and eventually test the $50K resistance levels.

Our next benchmark will be more than stated price, and on recent price outbreaks we already surpassed $45k - $46k.
If we think of more potential value, I guess we will be going upward and seeing $50k this coming week is really possible.
As the trend goes controversial, people's desire was really heating up to take their gains that's why slight downturn also happened.

This week the performance of Bitcoin has been extraordinary, just imagine Bitcoin convincingly now at a price of $ 47k. This is a very good increase,
it is possible that next week Bitcoin is very likely to rise above the price of $50k. If this is true, it will provoke FOMO and finally we can return to
the ATH price of $60k again. So don't be in a hurry to take profit now, except for people who do day trading, the volatile Bitcoin price can be used
to generate profits.

Yeah, but the OP's benchmark seems to be a very hard to crack at this point, $48,000.

So that's likely the next target, I think FOMO will sets in once we reach $50,000 as this is a big psychological barrier, a usual whole numbers that when we reach, speculators, traders and investors will likely jump again and then wait for a $60,000 or at least a new all time high. Of course, we don't need to hurry, but it's good to take profit some time specially if you needed cash, IMHO.

I think the odds are very high to hit $48k next week, and for this week I think $47k+ is the highest.
The benchmark at $48k will be the next sign while it continues to be on an upward trend in its price movement.
We are free to express some predictions and keep a sense of confidence in it, although in fact cannot be certain what will happen, which clearly is that the market will still continue to prove in a high trend.

I'm not basing on the odds, but the fundamentals of bitcoin is very strong that's why for me $48k will be broken eventually, regardless if it's next week or at the end of the month.

We already have signs along the way, like when we hit $28k and then rebounded to $40k. But $50k will be huge, if we manage to breach it again, then in the next coming months there is a big chance that we will touch a new all time high and then the upswing will continue to $100k.

it's true that the $50K price will likely be exceeded soon, to increase even higher it has already begun to be seen from the current movement that is heading towards becoming greener than some time ago. but it is not yet seen that bitcoin will continue to show to continue to move rapidly to increase. indeed there are still obstacles that occur or indeed there is no momentum that has been formed from bitcoin to be able to immediately break away to continue to move up until the end of the year with renewable ATH. need patience to wait for it and surely bitcoin will be able to do that.

I am not seeing any particular reason for bitcoin to be stuck around $48k levels even by considering the potential stronger resistance levels around $50k levels. It may break $50k levels tonight then it may trade for next week fully in the range of $53k to $58k levels. The concerns of world economic and political situations may decide when bitcoin to reach $60k and then a new ATH. In between these $48k levels or anything similar to that may get passed at any time.

But, it is always suggested to invest into bitcoin or any other such high volatile investment opportunities, only what we can afford to lose. Hence, you must invest with the plan of long term holding. When you are unable to hold for the reason of needing money for your life's basic requirements then you may go for cashing out some small percentage and not fully.

Bitcoin just touched the $48,000 level yesterday, and then went right back to $47k-$46k.
The upward momentum seems to be continuing next week though Bitcoin and other major alts are experiencing short pullbacks, but the market sentiments seems very positive.
I as well is positive for Bitcoin to hit the $50,000 strong resistance, maybe next week or the coming week before August ends.

I agree, it is likely Bitcoin price to go up to $50k easily in the next week. On Aug 14, the Bitcoin price can reach $48,098. It is quite fast because Bitcoin price was only around $44k in the early of the week. If the scheme is the same, Bitcoin can pass $51k in the next week since the current price is about $47k. I bet the possible highest price of Bitcoin in the next week to be around $51k-$52k.

---

Check the data: https://coinmarketcap.com/currencies/bitcoin/historical-data/

I would say we need to test the 50k resistance first and if we break that , we can sky rocket to 55k in a matter of a couple of days as the trend of bitcoin is still going up even if we had the first major correction. Personally I can still see Bitcoin over 80k$ in winter but we all speculate and in the end Bitcoin does what he wants.

The time frame isn't ours to dictate. There are many influences that may take place before breaking this new resistance and afterwards it will fly high and bring that new high inside the market.

For now, every steps counts and every good news brings notice to newcomers and new investors to bring more money and try also their luck with this investment venue.

all holders count and with this current trends it's really a true one will maximize all the profits and continue to hold.

Dont forget that since July 20 the only thing Bitcoin does is growing. There were a slight correction in the first dates of August, and I think that a new one will be any time soon. Last time we observer such growth, it was stimulated with several "wow" announcements. This time we are simply growing. I think that we first need to face a correction (as cryptocurrency market is rather overheated right now), and only them we can try to reach $48-50k levels.

Hopefully, this week can give bitcoin back to $50k. Otherwise, we need to have more patience by waiting for the bitcoin price to start increase again. Yes, I also see the chance of the bitcoin price to increase more than $64k this year, but going to that price will still be unknown and we can only guess without knowing when that can happen. Meanwhile, we can try to prepare ourselves by having more bitcoins so when the time comes, we can sell some amount that can give us a big profit.

Not really very much of a point to compare from day to day,,, as in a few hours things can change quickly especially when we approach and exit from the weekend, as we have now observed every Friday/Monday in August:)

But what is for certain is higher highs. Even after dropping below 46k yesterday there was a bounce that is now looking like it will test 48k again!

lots of speculation about this. however, it looks like a bear market may pose a tough resistance challenge for the price $46k to $48k range. however, I'm still quite optimistic to see the price this week. in fact, if the market bulls again, I think we could see a price of $50k, or more.

Its hitting the weekly average on the lows recently which means the price points will collide at some point and in theory we get a resolution upwards or downwards.

https://talkimg.com/images/2023/06/12/AySR8.png

I'd expect us to check back at 42k or so to get a proper solid foothold with some volume but BTC can just drift higher sometimes and I tend to be too negative in comparison to that frequent positive action.

You are absolutely right that it is not easy for Bitcoin to reach the price of $48k, even now the price of Bitcoin is back down to the price of $46k.
Good news is needed to trigger the Bitcoin price to rise again, hopefully in the near future there will be good news related to Bitcoin. At least Bitcoin
can reach the price of $48k first and finally can continue to rise to the next target. Psychologically I agree if Bitcoin manages to hit $50k, this can
trigger FOMO and eventually the Bitcoin price can return to the ATH price. It takes patience investing in Bitcoin, if not we could be stressed
by the volatile Bitcoin price.

Bitcoin price went over the $48k resistance level also but it didn't last long. In the last 24 hours, it tried again but failed to do so. If this level is reached again, I think the next stop for Bitcoin will be $50k. But I'm having my doubts about whether it can reach the level on this week. If the price continues to struggle to break the current resistance level, it seems unlikely.

The highest price I see is $47,998.10, so that's close to $48k for me. Obviously, it didn't sustain that run, indicating that is is really a big psychological for most of us traders. But I do agree that if we break it $50k will be like a butter, it will be slice very easily.

No need to doubt if it's going to be reach this week or the next week. The most important thing is that we are sort of in the bullish sentiments, current price is $46k. So we will have to wait for that break out run this month so that we can reach $50k then.

it turns out that the market is a little in the opposite direction from the speculation we made, bitcoin is now a little weak after being too tired to pump a few days ago. looks like bitcoin needs a bit of a vitamin so that in the future it can break through back to its $48,000 target. yesterday I was very excited when the price of bitcoin broke through $47,000 almost close to $48,000, but now bitcoin is fluctuating again and is at $45,405 today.

I do not think it is anything about weakness or getting tired,,, it has been doing this slow pump for many days and weeks now, meaning it is just building steam patiently. The bears are the impatient ones trying to prevent 50k so they are doing their best but it will not be enough looking at this rate!

^  29k to 48k in less than a month isn’t a slow pump.  Lol.  And that rahmat guy was right.  It’s really looking like BTC and most altcoins are starting to lose some steam after the run up.  I’m not saying it’s over or anything but the market does need to correct at some point and find new support.

You are correct if we are still in bullish sentiments. But Bitcoin price won't increase every day, there should be a correction and sideways. If we look at the progress of Bitcoin price move lately, the pump series should be stopped for a moment first to balance the market situation. Bitcoin price is below $45k now, it seems to continue. Maybe in 2-3 days, we will experience a correction or a sideways before the next target $50k.

Bitcoin is still in an uptrend, 29k (July 20) and almost a month bullish to 48k7 that is a supported norm, but needs a further correction to create solid market sentiment  than.  My prediction is that the downside correction will stop at $43k at 8/20 and continue bullish above $50k.  That's about perfect support and we'll see it. I believe the benchmark for August is seeing > 50k

Correction incoming right now, the price seems to go down to $45k as of the moment. A 3% minor dip in the last 24 hours. And I would say that this is a healthy correction in my opinion. We have been trying to break $48k at least in three tries, but unfortunately, it was a failure. The good that this correction can do is to make more investors to enter at this dip and take advantage of it. Because maybe in the next try, we might actually breach $48k and goes even higher -> $50k.

It is still only less than 20k a day on average means 1k a day, which is only about 2-3% a day,,, relatively to the Bitcoin pumps since October, or the Dogecoin pumps or whatever alt you want to use, this is quite slow:)

I do not mean slow in relation to "normal" markets of course but in crypto when I say pump I think of doubledigit figure rises in a day or stuff:) But you are right anyway.

This week it will be difficult for Bitcoin to reach the S48k figure, this is unlikely if you see some investors starting to get into it trying to weaken bitcoin, but there is a possibility by the end of this year bitcoin will reach that increase or even more.

Basically bitcoin has no effect on any investors for now, but what investors are worried about starting to read the 2018 scenario, to weaken the current condition of bitcoin, they will take advantage of this influence if the opportunity is seen and is there for them.

This week it's really difficult to predict the market price of bitcoin with accuracy, because along with some rumors circulating the information to weaken bitcoin as you convey. but not too long because behind it was influenced by some investors to take the opportunity to buy at a lower price. it looks like the scenario is deliberately made to make novice investors panic and then they will panic sell. so that's their chance to buy bitcoin.

It is not too difficult to consider this as the target for this week, although the first few days of the week signal is a slight weakness but calculated from many weeks ago, its value has increased without stagnation, a few resources pressed down to create a red candle did not interact too strongly, the bullish zone is still responding very well in terms of volume and conditions. In the case of old scenarios like 2018, we already have more money, the community also expands to more countries, even more terrible events still have extremely strong backings

i think by the end of this month the bitcoin price of $50k can be reached. Because the current BTC price has touched the $47k level. It is therefore little more than the $48k target to be reached in the near future.

Seems,it will reach the value of 48k dollars,mean while their is huge dump in the price too.So it's better to hold and get setback and earned good profit from it.Now the bitcoin is targeted to the value of 60k dollars.But it will happen before this year end.You should hold and get profit .Instead of getting less profit for the short period.May be we see 60k dollars in december.

According to long-term indicators, the trend will continue upwards and the bull run should begin shortly. As consolidations continue, we should anticipate some push backs. There is currently a pullback in the short term, and it's also at a very big resistance here at $48,000. I am seeing good support and a healthy market for $50k and beyond.

If bitcoin will be able to break this resistance this month, going forward is very positive as most likely a FOMO will again be witnessed. What we are seeing now is bitcoin unable to climb again, but still a good thing that it stays at $40k+ which means it's still bullish currently. 

We fall just hard because we pumped so hard, it's just normal, correction do happen all the time but overall bitcoin is bullish.

We are still brand new at these prices, we were under 30k just couple weeks ago, I do not remember the exact date but it was either early this month or late last month so it is quite recent, it hasn't been a full month over 40k I know that and we were under 30k sometime around the last 30 days as well.

So, we should not be getting worried just because price "went down to 45k" because that is 50% profit from just recent weeks, that is insane profit considering where we were and where we are right now. Surely it upsets people whenever the price goes down, but that going down is not this going down, they are different ones, this is a tiny daily movement that happens in crypto at all times, we should not be worried about how much we are profiting or losing for these small tiny movements, we should be checking the long game and we are in big profit in the long game.

The correction is happening, Bitcoin price is about $44.7 right now. But it seems to reach again to $45k above in a few hours. Yes, this correction is normal, the price change is not too significant. I am sure this is just the beginning of the next pump, Bitcoin price targets $50k then. I bet the price of Bitcoin will pass $50k before this month ends.

The resistance was too hard to break, which I think $48k benchmark is hard to achieve right now. It might take more months before we're going to see nearly on that price, because as fluctuations made traders panic they still rely in negative news.
Everytime the market initiates downturn, it caused a lot of people becomes anxious and emotional. That's normal for new comers who didn't have knowledge on everything with cryptocurrency.

looks like new investors have started to worry again after seeing today's chart. bitcoin is looking to decline in the past three days. The decline occurred after yesterday's pump broke through $47,200 then fell back to $44,300. so to determine the next price benchmark may be a little difficult because you don't know until the closing price for this week or this month. we expect there will be more pumping but need support from some investors.

This week it will be difficult for Bitcoin to reach the S48k figure, this is unlikely if you see some investors starting to get into it trying to weaken bitcoin, but there is a possibility by the end of this year bitcoin will reach that increase or even more.

Basically bitcoin has no effect on any investors for now, but what investors are worried about starting to read the 2018 scenario, to weaken the current condition of bitcoin, they will take advantage of this influence if the opportunity is seen and is there for them.

This will continue to be done in an effort to weaken some investors, but the value may increase in the last few weeks, this has not given a good signal for them, continue to be forced so that the interactions that occur are not too strong at this time.

Scenarios like this remind us of 2018, where many investors extorted bitcoins intentionally or unintentionally, but on the other hand they started preparing to buy, this is the reason why the market is not always normal if they continue to play like this.

Looks like 48k is the Barrier mate because almost there , Bitcoin had been struggling to reach 50k by crossing this 48,000 bit badly did not make it now and dropping back to 44k and seemingly coming to 43k again this day alone.
EXAGGERATED lol, more months to break that 48k? when we almost there days ago lol.
Lol there are very few that has this attitude because crypto investors now are matured enough to understand that they need to keep the hold or lose once again.

So far this has held up we crested above 48k a few times and faltered.  Nice call by the op.

One week has passed and Bitcoin didn't hit the $48,000 price.
It went near to that price though but throughout the whole week, its obvious that it is a good sign and we've already seen some green candles.

As for me, since we've seen Bitcoin went near to that price and even though Bitcoin is dipping as of this moment I believe that $48,000 isn't the benchmark. I believe that it will reach higher price not with the week that OP has shared though but in the succeeding weeks. I think it will go to near $50,000 in 2-3 weeks :D. My prediction only.

There are those who are also expecting Bitcoin to hit $100,000 this bull rally from traders' perceptive. In fact, that call was made during the first leg of the rally. Sadly, that mark wasn't met. Well, let's see if this second phase of rally will get Bitcoin to that price. From my observation, I don't really understand how that $100k mark was arrived at, whether through TA plotting or Fundamentals, or simply from emotions. We all like to feel good whenever Bitcoin soars, and dejected when it crashes. On my part, I believe Bitcoin will surpass its recent ATH of $64,000 once we get into this second leg properly. Only time will tell where price goes.

Remember, there are always two possibilities that will happen to the bitcoin price due to its volatility and that is the possibility of reaching ATH and more than 50% chance of dumping. We can all believe in a better future for bitcoin, but that should not be used as an excuse that its price will never down again. The bull's run can still stop, as well as the bear's painful paw. There are always two possibilities above so that is a good thing to think about.

Yes, as I have said, correction will happened and it did, however, it didn't dip to where I expect it to be, $43k because this is the average price. So the good news is that we are back in the $46k range right now. And maybe there will be an attempt to $48k in the next 24-48 hours. But it will be weekend wherein trading volume is slow so I guess we have to wait till next week, the price will go sideways, and then on Monday, we might see a good pump again.

$48k level is not hard to attain, the market just need a lil push and it may even surpass the $48k. Even with the recent news that there's another crypto exchange hack, Liquid, still we are in heading to positive direction. If we will see more good news from big companies like Walmart and Lloyd's Bank, hiring digital-related job position, we can easily see this $48k level.

To reach the bitcoin price of 48$k this week I don't think it is possible, this happens not because of the influence of time and conditions, but there are other circumstances that are being prepared by people that can affect the viability of bitcoin at this time.

They are preparing for a bitcoin weakness scenario in the near future, which essentially means they will make a massive buyout, once this is accomplished and well planned, then by the end of the year they will shock bitcoin should rise to $48k or more, by any means.

Well, your prediction is wrong because bitcoin already hit $48k and it's currently trading at that price now.

per Binance platform, its 24 hours high had already reached $49,000.
https://www.binance.com/en/trade/BTC_USDT

Therefore, we should expect a more uptrend now that it's broken, $50k would just be so easy now.

You got your predictions wrong bud, because we have broken $48k very easily and maybe one reason is this: https://www.nasdaq.com/articles/wells-fargo-launches-passive-bitcoin-fund-for-wealthy-clients-2021-08-19

So now the big attempt is the round numbers of $50k, will it be reach this weekend? For me, It possible, whethere this weekend or before the end of the month. Patience now for everyone, don't get to exited, profit taking should be around this numbers.

We are still above $49,000, although there was just a small dip to $48,000 and but we have a good bounce again. No need to rush as I have said, eventually we will hit $50,000 no matter what. As you have said, patience should be the key. It's weekends anyways, so there might be some slowing down, because traders are resting, or might sell for just a small profit. Enough to last their itch during this weekends. And then go back to their usual trading activity on the 23rd. So it's very exciting next week or at least at the end of August.

It's still moving good almost break that $50K barrier, though it went back below $49K but still strong with $48K+ and seems that it might break $50K before this month will end.

Although we all knew that crypto still has up and down, chances that whale will take over and interfere with the pump.

Let's keep our hope and stay calm. Holding is the best thing to do for now. It brings good benefits to those who really believe that.
Bitcoin will come out with another new time high.

It's a hit or miss on my prediction, I got it right that we will attempt to break the $48k, but even in weekends there is no stopping the price movement to almost hit $50k, I say the price swinging from $49,700 to $49,200. Now it the $49k, so I guess the most important thing is that we are not over $48k so obviously, the next round numbers, $50k, and then another FOMO will sets in to push the price to at least $51k-$52k at the end of the month.

It is very likely that bitcoin will reach that number and even more than what you say, if you see the current bitcoin trend is quite good in the market, this makes bitcoin the only one that is able to provide good and stable value this year.

But this opportunity may not necessarily be maintained until the end of the year or vice versa, considering that crypto conditions are good this year, the possibility of bitcoin reaching a price of $48k is very open and even more than that.

Let's not talk about the $48k price as bitcoin is already trading at $49k... it has surpassed that price and reaching $48k again is not anymore an increase, but a dump. Bitcoin is still volatile, it has not pumped like what we have witnessed earlier this year, but there's a possibility that it will hit a new ATH.

Bitcoin already passed above 49k, which means that 48k was already broken by the time I am writing this. However I have to say just because we broke a resistance point doesn't mean that we will break above ATH neither, those are very different things and we may not see 65k any time soon in the future, or maybe we will see it this week, that is the type of volatility bitcoin has, sometimes it is crazy and very entertaining to see it go up, sometimes for months it doesn't go up.

Just to give a perfect example, we dropped to 30k levels and for about 2-2.5 months we didn't move above 35k too much, we were almost always 30-35k range with few higher ups that went down very quickly. We also saw bitcoin move to near 50k levels in under 2 weeks as well from those levels as well. What does this mean? This means that bitcoin could stay around 50k for 2 months, or could go to 65k in under 2 weeks as well, we have no idea which one will happen.

Bitcoin now is 50k$ it means bitcoin surpasses the predicted price which is 45k$- to 49k$ so it is now possible that bitcoin will be moving up to 60k$ again or maybe above 60k$ before year end. Holding is the best strategy at this point of time and maybe buying is now risky because the price is so high.

It's not that easy to weaken bitcoin, it's not even enough just for that reason bitcoin will weaken, there are several things that are the reference in the current weakening of bitcoin, it's not an easy thing to do all of that now.

But the possibility of a big buy is there for some investors, but not in the capacity to weaken bitcoin according to my analysis, it is a big buy because the price of bitcoin is now more stable than before.

This means that the opportunity to go down is open again for bitcoin at this time, if you see the turmoil that occurs, it will greatly impact the previous bitcoin price increase, if it has not been pumped like we saw at the beginning of the year.

Even hitting a new ATH is certain to happen either at the end of the year or early next year, but I think now bitcoin will be more valuable than ever, even if things go wrong in the future.

Even to analyze bitcoin, it's no longer suitable to use this post, but just for discussion I don't think it's a problem, considering that this post is already crowded and more fun to follow, so that our insights will increase.

The volatility possessed by bitcoin sometimes makes people go crazy, it goes up so fast and goes down without any predictions, so people who invest here have problems if this happens so fast, but that's how bitcoin really is, without any preparation people will lose assets or vice versa people will benefit spontaneously.

You are right when I created this thread I hard the intention of a maximum of two days but seeing now that this discussion has kept the thread alive to this very moment and so many analysis has been posted about Bitcoin price which has helped increase our insight on the subject.

As of the time of this comment, Bitcoin's price is already 51,700 to us dollars, which has shown a significant level of bull run, and the next benchmark will be around 60k or even above before the end of this month.

I do not think that any post is bad to keep it going because it shows us the history and also the future from that point forward. I believe that at the time when I posted that it was a good indication on where it was moving and it did move to a great place as we can see right now, we are above 51k and that shows us what I meant sort of happened. I said that it may crash or it may skyrocket as well, we will not know about it, but there will be a big movement and seeing how 48k was broken very easily and even reached to 51k then we could say that the good part is happening.

Hopefully something even better is on the horizon right now, with the price going up this much and refusing to go down that means that the hype is around the corner. All these past posts shows us how many people doubted bitcoins ability to go up, and wasn't sure, ended up being wrong and bitcoin moved up anyway.