Bitcoin Forum

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.

Yes, it's the resistance price, it's same as the last time when it was bitcoin's first time arriving at that price point. For me, there's times that it will go back but at the same time it also means that bitcoin's going to go up much more because the harder the resistance the greater the pump.

We can not suggest anything about the price because that will depend on the supply and demand in the market. The price can increase anytime and break $50,000 soon as the price already test $48,000-$49,000 so the chance to back to $50,000 will still be big. We might see more than that price in the future and who knows, after the price reaches $50,000 in the next month, the price will still increase even we will see many corrections.

People can set the price to take profit but remember, other people will have different target prices to take profit so the price will increase more than $50,000. You should have your own target price to sell so you will not miss the chance to sell your bitcoin at your price.

Right now, it's obviously is, but it is the same case, with $20k, $30k, or $40k. What I mean is that this whole numbers are hard to break, but once we have broken it, then we will have some FOMO.

I will remain optimistic that we can hit 6 digits at the end of the year. The last quarter has proven to be very strong, so we might have seen some resistance at $50k, but we still have 4 months to double up and reach $100k.

We have been to >$50K manytimes before (most recently on 23rd August), so it proves that $50K is not a hard resistance level. I have watched Bitcoin moving past 50K on multiple occasions, and I couldn't notice any considerable lag at that level. I would say that the next major resistance for Bitcoin may occur at $64,000 (the current ATH level). That is the level when short-term investors are likely to book their profit. And I am expecting six-digit figures (i.e >$100,000) before the end of this year.

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 next resistance price is above $64k, anything below that price is just another price that is waiting to be broken. And bitcoin have shown in the past many times already, that the last all time high can be reach again it's just a matter of time.

And I'm also one of those who wanted to see the price getting into the $100k range. Not only me that there are a lot of positive sentiments towards this price. I suggest that the OP read this Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity (https://bitcointalk.org/index.php?topic=5191012.0) by @fillippone why everyone thinks that 6 digits is possible this year.

$50 000 is a good psychological level for a take profit but I don't think it's going to hold up too much resistance.

A lot of the time, pullbacks are healthy for price growth as exponential moves always induce a pullback but if you get them as you go up - investors look at them as being a lot healthier and with new support and resistance zones.

I think to this extent, if you're bullish on bitcoin, the more we stop at a high zone the more likely it is to act as support/resistance and once we break above it decisively and set out next support zone, it's just become harder to reach the original one.

I just heard this, is this what compares the price of bitcoin or let's just say all assets in one rubber band?

With the amount of force required to stretch, its expulsion is just as strong. It is possible for this to happen but if I am not mistaken usually a bear market happens every time Christmas approaches. I hope I was just mistaken.

I am not sure though but that's what's happening every time I check for the pumps in the prices over the course of time, it goes down for awhile and then the prices go up much higher or relatively higher after some time dipping in prices.

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 think looking at the momentum of $64k we can see it at the end of the year I believe optimistic after reaching $50k although this only lasts for a while but at least this achievement can show that bitcoin is being forced to go up, and currently $47k is a normal price where some investors can buy his, this is not a clear resistance, this is a correction where we can see what is happening in the market, the opportunity will be better when it is correcting.

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.

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.

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.

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.

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.  ;D

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.

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

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.

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.

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.

$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.

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 .

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.  

There is almost the same topic created last week in which talks about the same conversation here >>>>>>>>>>>>>

https://bitcointalk.org/index.php?topic=5356238.0

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.

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.

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.

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.

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.

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.

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.

there is a very tin line that Bitcoin will down fall back to 20k below unless there is a much shittest phenomena that will happen again more than Pandemic of 2019.
50k is near to come again , we have been on that trend last week and now playing at 46-48k so at any chance this will be broken again.
you must not buy at that level if you are aiming for short term lol.

this will be a failure on your part as 50k is the barricade now.

Even though Bitcoin is still under $50k right now, this is only temporary. Because I agree with your prediction that Bitcoin will reach a price
above $50k in the future. That's something that really doesn't need to be doubted, if we look at the popularity and demand for Bitcoin continues
to increase. This means that Bitcoin will continue to rise in price, we must not forget that the price of Bitcoin has reached the ATH price
5 months ago. So for the Bitcoin price to rise again above $50k it is not a difficult thing to achieve, but we do need to be patient to wait for
this to happen. Sometimes Bitcoin does need to be corrected several times before it can go higher, I even believe in this year Bitcoin can reach
another ATH.

it seems not only last night that bitcoin experienced this, bitcoin has broken through $50K several times but finally had to go down again, this seems to have become a natural thing for bitcoin if there is no movement to continue to penetrate $50K, it will happen like that. but if the upward momentum has occurred then there can be no holding back and bitcoin will continue to move up past price resistance and will be able to reach renewable ATH.

it looks like it hasn't happened yet, estimates that bitcoin will start moving when it enters Q4 which will soon begin, we are waiting to see if it is true that bitcoin is able to do that because if it doesn't happen, then reaching its best price this year could be delayed. but it's also very unlikely, I agree with you that $100K is likely to be reached by the end of this year.

Well, I guess it is now since Btc have a hard time bouncing back to that level.
Even If breaks $50,000 again, I doubt there will be another short pull back down to $46,000.
As per CMC Btc had a $50,000 day high once and didn't touch to that level again.
Infact, $50,000 could be considered as strong resistance.

Well, it seems that it is right now the strong resistance of Bitcoin.

Bitcoin tried once to go above $50,000 but got rejected immediately forming a false breakout. Now Bitcoin is at $47,000 and I think that it will move sideways for a few weeks between the $40,000-$50,000 price range. It really is hard to predict where it will go but as long as Bitcoin remains above the 21 Weekly Moving Average, the bulls are still in control of the market.

$50,000 might be a psychological barrier but just like when it jumped to 60k if there is enough rally behind it 50k won't last all that long.  I don't think we will see a run up in the short term as the world sits and waits out the pandemic, unease still exists which I think is the major point of resistance right now.

In BTC the efforts to raise the price towards $ 50k are still underway, for now the bulls have not been able to do so, however the price level may continue to increase as they eliminate the offer between $ 48k- $ 50k, for now the price is around $ 47k:

https://i.imgur.com/7tCefI5.png
Source: https://cointelegraph.com/news/price-analysis-8-30-btc-eth-ada-bnb-xrp-doge-sol-dot-uni-luna (https://cointelegraph.com/news/price-analysis-8-30-btc-eth-ada-bnb-xrp-doge-sol-dot-uni-luna)

Well the expectations for BTC are very high, it is expected that if it passes the level of $ 50.5k it is likely to see the price at $ 60k, that is something that is not bad, I hope that movement can occur.

Honestly looking like it really is. With the drop that we are seeing right now, we could easily say that it is definitely a resistance point, whenever we get near it, or get over it, there is a drop and looking like how the market is all red today, we could say that it is a bad day, not a lot it is just like 1% which could go up in an hour, but that doesn't mean that it was a good day. Hence I believe that 50k is definitely a resistance point.

However I do not see it as a problem, bitcoin faces resistance levels all the time and we end up breaking over it very easily, which means that we will go over 50k as well. I do not know when that will happen, but I know that 50k+ is a given and it will happen, 60k+ as well and even more, we know that it will happen and only thing we do not know about is when that will happen which is the big deal.

That's expected on $50k people will be taking their gains at this certain level of predictions, to provide reasons I guess real time situation will always prevail. I couldn't give the precise value for now, I just go on with what everybody been taking of. Hopefully we will surpass $50k when market fully break the resistance.

Only swing or short traders would really be selling on that point and seeing that price level which does have big sell order which i dont really see this resistance to be break anytime soon but

lets just not put aside the possibilities about sudden breakouts which did happen countlessly on this market.So everything is always on the watch and only to those people who do took

risk will really be getting advantage or profits once the market had really showed some good movement. Resistance level is on +10000 increment which considered to be always on that point.

Then why does Bitcoin did not make a Going to up much since the 50k resistance was broken weeks ago? proven that bitcoin harder to make that high yet dumped again below after 3 days?
there is no proof that if the resistance is hard to take meaning there will be a great hype as this had been shown many times before.

The price briefly just touch the resistance at $50K and retraced, I think the resistance was a strong one with reference to daily timeframe of BTC/USD there had been renouncing off that resistance in the past, however with some positive fundamental news e.g adoption of bitcoin by a reputable and well known organization, massive buying by the 'whales' might trigger the bullish sentiment to break the strong resistance else the price might continue to range back and forth movement between $46K to $49K. I hope the price would not dump to the support at $40K else the chances of the price hitting the $60K or more before the end of the year wouldn't be realistic because we are already in the last quarter of the year.

You need to understand that even if the price of 50k is in theory not special at all at the same time psychologically speaking it is really difficult for people to ignore a level like that so it is proving to be difficult to break, many people are also predicting that the price is going to go down and this means that they are selling their coins making more difficult to overcome that level, but sooner or later we will do it and as such I am not really worried about what is happening in the market.

I do believe that 50k is a psychological breaking point and not a real resistance point, we could pass that a lot easier if people just believed that we could but whenever we reach those levels people at as if that is the most amazing achievement and we could not do more and this is it. In reality that's not a big achievement, we are at 47k right now, that is just like 5% increase or something, maybe a bit more.

We should not be really getting super excited about an increase that is not even 10%, so how come then price drops as soon as we hit 50k? The first thing I said, people are acting as if 50k is a big deal when it is totally not a big deal at all, nothing different than 49k or 51k, 50k is same exact thing as those but people react differently to it.

If you see a sudden drop after a huge spike and then a stays calm at a level for quite some times, then yes that's the sign of ready to take off and the sign of not going back again. I mean, when the coin price stays at a level , it ill grow up in near future. When there is a huge demand, the price stays stable and grows up. This is what I have experienced. I hope BTC will again be at $60k to $65k by either October end or November 1 st week. Lets see.

What goes up will definitely goes down and this had been always or should a thing on most people heads on where they should anticipate on what would happen next and this had been a common behavior.

Once we do hit a particular resistance level then odds of some rejection or pullback is likely to happen unless if there are more positive triggers then it could really break the price without any problem.

Its just a matter of demand but if the market had been a bit quiet and movement are on gradual phase on a long time being then it is likely that it would really be having a hard time.

Many are speculating the price of BTC, the ETH Rally may have triggered more confidence in the investors, at this time any speculative-style assumption can occur, now in this article they reference the following:

Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?


Source: https://cointelegraph.com/news/is-ethereum-s-rally-signaling-the-next-bull-market-phase-for-bitcoin-above-50k (https://cointelegraph.com/news/is-ethereum-s-rally-signaling-the-next-bull-market-phase-for-bitcoin-above-50k)

For now the most psychological price is $ 50k, and it is very close to being reached, some of the investors are seeing that through BTC it gives them more confidence to enter all the alts, in this case ETH is the second most important currency after BTC.

There is an area of resistance (former volume greater then daily trades) not a singular price & also a measure of momentum + pattern trends that result in our failure to move upwards through 50k.  It has to be a combination of all these factors I believe hence why we swing about so much and it ends up being so confusing but the world is a big place and nothing is traded quite like BTC on every second of the day even FOREX prices arent actively altering trade in that way so this is unique.
   Here is my view of current action in a more macro view, its only weekly bars but I prefer the birds eye view without the constant noise of over reactions:
https://i.imgur.com/nPEYOiv.png

From what I know of any market is weekly bars will take precedent over small time frame considerations so I repect the largest common pattern I can find and the more points we touch in this pattern the greater its significance.   So the uptrend was important, for 5 full weeks we resolved to rise higher thats really bullish but we are outside that trend now.  So I've drawn in the negative trend and Im very interested now to find out if we hold this declining ceiling till we bump our heads and fall in a more negative way.   200 day average underlines our recent lows but not the close, hence mostly we can say we go sideways.

Been breached today, above $50k, so lets see how it will maintain this price, either we sustain or we will have another minor dip after this big psychological hurdle has been attained again.

I doubt that Ethereum is signalling this rally, on the contrary it should be the other way around. We may have some good news today that prompted the market to rally to 5% increased in the last 24 hours.

^^, 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.

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.

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.

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.

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.

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.
https://img.cryptoquant.com/3285/quicktake/OkOCcV_88b7428923bbddab20d7924e014f6789efe67df78dd58f6c96457a03d5595aa5.png
Source: Cryptoquant
I am bullish on these powerful indicator lines

https://i.ibb.co/Tb69wXZ/image.png

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.

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.

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

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.

Trading bots can only affect if the users have set their selling value @$50k, but once it was hit then the price could go down and that's what we've seen in the last 24 hours. Not only those who uses bot, but maybe some speculators as well.

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.

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.


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.

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.

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

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.

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.

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.

Not a sure thing because whenever bitcoin do make out some rally or some price increase or bullish movement then most of the time, alts do really been dragged off but it isn't an assurance because
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.

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.

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.

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.

We can't say that's happening but maybe there are few since we see some slow movements downwards compare to upwards so I believe many are still holding there bitcoins at the moment since same as I they also speculate to see more price hike as the potential to reach up at $55k or even $60k is now reachable as bitcoin already reached to its what people called at resistance price. Now since bitcoin is now is playing cool at $50k then this is a good sign for good future.

looks like bitcoin price is still trying to stabilize at $50k. for now I'm still referring to the analysis that was on cointelegraph a few hours ago.
I also think that the price of bitcoin may be resistant in the $50k range. Even though the bitcoin price is currently below that, I think it's very slim to reach the $50k price again, and I think, in the near future, it will return to the $50k range.
However, if the price goes down, it's likely that the bitcoin price will stay in the $46k to $49k range again. Well, this cycle repeats itself several times.

Once again, I am still very interested in the current price increase. if the price is still positive going up this month, there is a high chance that we can see new ATH in the coming month.

Source from the basis of my predictions and speculations: Price analysis cointelegraph  (https://cointelegraph.com/news/price-analysis-9-3-btc-eth-ada-bnb-xrp-sol-doge-dot-uni-link)

The price is just a few dollars away from reaching 50k gain so while the resistance level is still there at the same time we are so close that it seems that we are going to break through it at any moment, the important thing is to know if the price is going to be able to remain above that level during a significant amount of time, because if that is the case then we could have a chance to try to target the previous ATH with the next growth we witness on the market.

Bitcoin looks green at the moment as the price bounced above the $50,000 resistance level from a low of $49,000. However, a price above the $50,000 level can continue to increase the Bitcoin price to higher highs. Meanwhile, you should note that consistent price increases can encourage more buyers to join the market as bulls can increase their positions.

Honestly I am feeling a lot more excitement over ethereum being near 4k level right now then bitcoin being over 50k. you know why? Because if they go down then they go down and there is nothing we can do about that, it is fine. However if they go up, before bitcoin reaches to ATH levels there is a chance ethereum could reach to all time high levels as well. With the gas fee as it is right now and all the things going on without any proper improvement on eth at all just yet, it is awesome that it is going up that much.

I believe that we will see ATH of ethereum broken very soon and that could have a ripple effect on all other coins as well. I have some ETH as you might imagine so that is why I am happy about it going up, but I also have bitcoin and ada and bnb and uni and cake as well so I am not happy about eth because I have just that, I have others too.

If there is another sell-off, Bitcoin risks dropping to $35,000. It's still possible, after that Bitcoin will return to the $45,000 range and return to $55,000 then the buying will return again. I think Bitcoin will touch $65,000 in the next three months.

Finally this week Bitcoin managed to reach the price of $50k, now just waiting for Bitcoin to rise to the next resistance level at $55k.
With Bitcoin successfully reaching the price of $50k, this will certainly have a positive impact on the market,  it is likely that many
new investors will join. It looks like Bitcoin will continue to move up and I hope this month Bitcoin can at least return to the ATH price.
If Bitcoin manages to return to its ATH price, the $100k target price that many people predict will be reached by the end of this year
could become a reality. My advice is to keep collecting as much Bitcoin as possible, because the price of Bitcoin will be more expensive,
so it will be very profitable to have a lot of Bitcoin.

There has to be a massive manipulation, even bigger than first time to be able to bring the price below $45k at this point. In other words I firmly believe that it was the last time we saw anything smaller than $45k.
But even if we consider the possibility of something like that, the recovery won't be fast. Keep in mind that dropping to $35k is not a simple drop, it is a huge crash and market doesn't just recover from a crash.

now the biggest question is whether bitcoin can survive at the current level. as we know if several times bitcoin was thrown from the $50k level. if bitcoin can last long enough it will most likely attract a lot of investors to buy and the chance to break $64k wide open.

That resistance will not be forever, I understand analysts are a bit afraid of the fast pace we got right now and that is why they are afraid that we may not hold it until we could go even higher, but I do not believe that they are right. What they are not calculating is the hype, the "numbers" show that it will be hard to stay here but the numbers do not mean anything when people do things that make no sense. Like how we moved from 30k to 50k and it looks dangerous to buy right now?

Well, doesn't matter people do not want to miss out on another huge bull run and get in even at this price. Those type of things that do not make sense on paper can actually make things go up when it looks like it may go down. Look at doge as biggest example, doge is a coin that has absolutely no use and no reason to buy but people got hyped and made it so high, only because people wanted to, that is enough to make a thing go up.

50K is bitcoin's goal to go higher and I hope it won't go down again, and if the bitcoin price stays above 50k for a few days, it's most likely the main goal to get back to 64K where it is an all time high and will materialize in time close.
and the rise in bitcoin price was driven by a lot of positive news and market dynamics, as well as investor sentiment.

Resistance no longer.

I actually think that if we see some bullishness in the coming days, $50k can actually be established as support.

The crypto markets are more mature now and the volatility indices have dropped off quite substantially, and I think that there is virtually no way we are going below $50k for an extended amount of time now.

Manipulation in crypto world is very easy because if you are a rich person nobody will put you in jail or give you a billion dollar penalty for insider trading. Like you could get together with bunch of billionaires, and buy it all together, in turns, and make it go up and up and up. Basically do a pump and dump on bitcoin itself, and nothing will happen to you.

Manipulation like that in stock market would give you billions of dollars in trouble and that is why they can't do it, but if you do it on crypto that's fine. That is the thing about being decentralized, if you make something to go against the fiat world then fiat world owners (governments) will not be helping you, you wanted freedom and you got freedom and hence there won't be a problem. Only hypocrisy here is the fact that they regulate the income but do not defend the tax payers.

I agree that the manipulation that was need to see 30k was massive but at the same time traders let themselves open to this happening to hem, they were using too much leverage so whales pushed the price arbitrarily down and then they got margin calls because they were not using a stop loss forcing them to sell their coins and this increased the supply while it lowered the demand, creating a new wave of margin calls in a domino effect.

- Just when we thought resistance was gone and ready for a new season, the sellers started creating a new resistance and it was only slightly above the old resistance but frustrating enough for the buyers, bitcoin has once again been pushed back to the old ranges by resistance and a large amount of money has been liquidated. Based on the blinking red candle in the moment, the bullish frame has completely disappeared and fallen into the red zone, showing a weakness of the buyer position, it's hard to believe this is only a few hours after we're satisfied with a good week ahead of bitcoin

does anyone know the reason for the drastic decline in the price of bitcoin today?
Honestly, I was very surprised when I saw the price of bitcoin in the market today, even though I previously saw that the price of bitcoin began to strengthen at $52k and what really made me believe that bitcoin would go higher was when I read several articles that said the government of el salvador started using BTC to pay the salaries of government employees and even el salvador has bought 500 BTC.
But apparently what is happening now is beyond my expectations and even when there is positive news, the price of bitcoin actually drops and returns to the price of $46k :'(

The main prediction (this is simply just assumption) is that there were a lot of whales in suits at big nations that saw El Salvador having this legal tender law put in place. Since whales didn't want nations to take over the crypto world and become more powerful, they dropped the price on the same exact day so that they would make El Salvador looking like a bad nation with bad idea, ruining their country with this.

Obviously, it didn't work out, because at the end of the day El Salvador ended up buying even more bitcoins than they imagined and now they are richer because of it, this looks like whales wanted to ruin retail and failed, just like how they failed at gamestop thing as well, people who bought gamestop were told that they would be losing bunch of money, but instead they took tens of billions of dollars away from wall street so it is awesome.

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

actually in september bitcoin has managed to break its strongest price resistance of $50k and was able to reach a price of $52k on september 7th, but apparently that price didn't last long and drastically the price of bitcoin fell back to the price of $46k as we are now seeing , honestly also suspect that this september will be a bloody september for all of us, but even so i have no doubt that all the possibilities will happen later to the bitcoin price and we now just need to be patient waiting for the right momentum for the bitcoin price to reach its ATH again .

Yeah, manipulations are part of every market. After what happened recently, I have to say that breaking over 50k and staying above 50k will be a tough task. I mean we did manage to break over 50k multiple times and I am 100% sure that we will do that again, but doing it and staying there are very different stuff.

If we could manage to go up and stay there for a long time then we will actually see a breakout and the price will be very high, however if we do it and manage to fail then it will definitely drop a lot more than it did this time. Remember price always "tries", it either tries to go down or it tries to go up, if it tries to go down but fails to do it too much, only drops 5-10% then it will start to go up because people will think "well it tried to go down and failed meaning it is a great time to buy since only direction left is up", and exactly the reverse right now because it tried to go up and failed, meaning down is the only way left.

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Time to look at the weekly bars coming into end of week.   We've bounced back but are at similar prices to a weekly trend thats continued since March.  4 of the last 6 weeks stopped around this trend, so looking for reaction to that process in a negative or positive resolution.

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

We're above weekly average and I think if we stay above 45k into next week thats going to lead to further attempts to break higher.  48819 is the last recent high for a nominal target.

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

Fully expecting this to make it 5 out of 7 weeks. Great recovery, no doubt, amd nice to enjoy a weekend where the bulls are out, reminds me of August. But I feel like there just is not enough on the plate to go round til Monday to stay above the 45k level we desire.

Not that it dampens any Q4 ultimate end lines though. Cards are still (faintly) positive on a six-figure happy ending to the year.

Yeah, another weekend surprise, we have jump above $48k again, (another surprise), just the question on whether we can sustain it, as you have said, this is like August, wherein we really have a hard time breaking that $48k resistance, but we eventually did and lead us to $52k.

So let's see how it goes for October, Monday will be an interesting day to open the market above $48k levels and the whole week to close $50k at least.

And the expected Monday lack of follow-through right now, Asian markets not keen to take the issue further with Bitcoin even on a new trading month, Europe seems to be showing just the same lack of motivation. We'll find out in a few hours if the usual North American Monday fervour will side bulls or not.

Bitcoin network was remarkably empty over the weekend for me, was keeping a steady average below 3 tps. Wait and see mode.

Yeah, 50K is a resistance price right now. 1-2 weeks ago it was looking like the bitcoin market was bullish but somehow when it reached 50K, it significantly felt down. Then it was recovering and China did another shot again. Right now it's significantly recovering and will probably surpass 50K tonight but from my understanding 50K is the price some people don't want to see. Almost everything is done this way or another to just dump bitcoin and make it far from 50K USD.
But once it significantly surpass that level, there is nothing that will stop the further rise.

it looks like your predictions will come true and it has been seen that bitcoin is eager to get back past the crucial figure so far at $50K. Entering the first week of Q4 it is expected that there will be an increase to pass $50K and not to fall again and hold for a while above $50K+, before finally increasing through the end of the year to reach renewable ATH.

keeping it from going down from $50K is certainly not easy for bitcoin, hopefully the many good news that have happened in the past few weeks will be able to bring some momentum to improvement from bitcoin, so there is no intention of going back below $50K after passing it, because that's when awaited by bitcoin.

Right, we have good enough momentum when we reach $52k, unfortunately the Chinese FUD again and other negative news really dampen our hopes for at least $55k. But as they said, September historically is a bad month so the trend remains.


We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.

It is expected for the price to lack that type of conviction on Mondays. We are used to seeing these lows, hell even weekends are normally that strong, it is the midweek and end of the week that usually sees a strong uprising. In any case, we are at 49k now and that is all we need, let it be like this for a while and it will be doing a lot better in the long run. It is now obvious that 50k is a resistance and the price breaking above that always gets down and trying to get over is it always difficult. Let’s try it again, we have done it multiple times so far and I hope to see it done once again very soon. I do not know when it will happen but it looks closer and sooner right now.

As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.

As long as there's no negative news while the market move upwards, the interest from new investors will come up.

So far it's moving good and we all see good market bounce, already reached $50K and still showing positive even it falls a little to $49,800.

If this continues, we are not far from reaching that price and a possibility also to reach a new ATH. More positive mindset from new and old
time traders will push this up.

Although now the pressure on bitcoin is getting harder by America and China, but I personally remain optimistic that by the end of this year the price of bitcoin will again reach its highest price, now the price of bitcoin is at the level of $50 thousand and of course it just needs a little more encouragement in the market. market for bitcoin to be able to break through the next resistance at a price of $52,000-$55,000.

Bitcoin has entered the bullish trend resistance zone. Based on the upcoming market move will be the price of bitcoin to stay above $50k or once again falls back below $50k. If the resistance breaks out $50500 there is more chance of price to continue forward, else it could once again touch $47000. The reason is the market ending with the descending trend line.

Since this October 3, the price of BTC has taken a great bullish turn above $ 48k, the BTC bears have not been able to do anything because the bullish momentum has been very strong, at the moment the price oscillates at $ 49.9k :

https://i.imgur.com/X2A3lVX.png
Source: https://cointelegraph.com/news/price-analysis-10-4-btc-eth-bnb-ada-sol-xrp-dot-doge-luna-uni (https://cointelegraph.com/news/price-analysis-10-4-btc-eth-bnb-ada-sol-xrp-dot-doge-luna-uni)

When looking at the price of BTC, apparently $ 50k is like the limit price given the number of offers and sales in the market, the volume is considerable and that the bulls are having control at the moment, I think it should be done much follow-up in the moment that touches $ 50k and react to any important movement.

So far there's no massive correction aftert the price hits $50375.85 previously , And at this point it's back again and attempting to break out, for me in my personal opinion if bitcoin succeed for sure it will stay for long above 50k or will try to reach the recent all time high value which 60k before this year end. Infact market now seems good, probably the bull will take over the market and we will see a new improvement after days or weeks.

We already got the answer in the last 24 hour, broke the next biggest barring of $50k, and now could be heading this month to $60k. So I don't see any pressure from America or China, not by any government. Bitcoin is too big to fall right now even if there is negative news coming from those two biggest nation in the world.

So very exciting times this last three months, very bullish and probably we are still in the hunt for $80k-$100k. Would be great to see the price hitting 6 digits as predicted at the start of the year.

there should have been a slow movement at the beginning of Q4 to reach the crucial $50K figure which has not been able to be passed for long and continues to move away from it, but instead it went down again. Hopefully the momentum past the $50K that is currently happening will be able to survive and continue to increase.

currently what bitcoin really needs is to be able to get out of this crucial figure at $50K, which is always a burden because after passing it there will be another decline.
I hope this time it doesn't happen, although it's slowly being consistent so it doesn't go down. so that what you want and expect to achieve the past ATH can be realized. then keep moving until the end of the year to make the latest surprises.

bad news that happened to bitcoin will not dampen that bitcoin will increase. so even though there is pressure from American and Chinese news but there is also good news from others, so there is a balance.
but I actually see that it is indeed the halving effect that will affect the increase that will occur for bitcoin. so by the end of the year there will be a renewable ATH and it seems that bitcoin can no longer be held back to move in that direction.

It's too early to say if we are going up above the resistance level of $50k, it seems that after reaching as high as $51k, it went back down again to $50,700. So yes, there is a resistance right now and maybe people are selling at $50k and taking some profits.

So it might goes sideways against for some time, and there's no assurance that we can maintain this $50k. Hopefully though, we can maintain above it for this week. There's some kind of FOMO needed again to push it back up to $52k.

Well it's not too early now I guess. It's basically already went past 54k which it hasn't in a rather long time (all is relative of course).

This isn't really a solid resistance to only touch and hit back by less than 5%, it's more like expected selling pressure from all those people taking profit from buying in below 45k.

This isn't fomo yet ;)

since the creation of this thread , Bitcoin break that 50k multiple times yet maintain a fall , but this time it climbed up 55k and if that is the next barricade then maybe this is the last dump and resistance of 60k is the next target.

One thing i can think the possibility that this is the start of another ATH if the 60k price breaks once again.

or may trap if this not happen.

We did in the last 24 hours, the price currently zoom in to $55k. It was very quick jump and no one expected this. So I guess we should be talking now about $60k.


It could be FOMO that pushes it to $55k, but then again, what news should it trigger to FOMO again? Hard to say but one things for sure, the sentiments have turn into a very bullish one starting October and it seems there's no stopping.

We can't talk about resistance in hours or days but seeing the bitcoin price rising and keep fluctuating few $1k above $50k is kind of reassuring.
I am not very confident to set the new resistance level at the $50k barrier but breaking it over and over is something good, hopefully the price could maintain its positive growth and pass the $60k barrier soon again!

The market can be reversed even if it reaches its own destination bitcoin will be worth $ 50,000 resistant beyond that, its price has increased a lot hopefully breaking this resistance for a big bull run we mentioned that the emotional resistance was hindering BTC’s positive gain. The chart indicates a weak bearish trendline and has formed dollar resistance above k 50k it appears that BTC was able to raise a bullish pattern above the USD.

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.

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.

Just has to be a supportive price for now.   We have a possible failure condition on a rising trend (https://i.imgur.com/HpLz4ki.png) 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.

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.

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.

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.

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:

https://i.imgur.com/rTz7ke6.png
Source: https://u.today/btc-eth-and-xrp-price-analysis-for-october-15 (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.

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.

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.

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 .

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.
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.

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.

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.

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.

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.