Bitcoin going to $53k or down to $48k? (Bullish Scenario)

[uneng]

Today bitcoin is fighting bravely to reach 50,000$ again, but when it is almost doing it, the price falls sharply to 48,000$ or even 47,000$, recovering right after for a new attempt of breaking the resistance level. That is a signal many traders are exiting at 49,700$-49,800$ range, probably aiming short run gains.
We need to watch the prices for the next days to confirm if there is a bearish tendency or if it is just some big fishes cashing out their funds and giving the opportunity to someone else buy the dip and play the game.

[1714675928]

1714675928

[1714675928]

1714675928

[Slow death]

Today bitcoin is fighting bravely to reach 50,000$ again, but when it is almost doing it, the price falls sharply to 48,000$ or even 47,000$, recovering right after for a new attempt of breaking the resistance level. That is a signal many traders are exiting at 49,700$-49,800$ range, probably aiming short run gains.
We need to watch the prices for the next days to confirm if there is a bearish tendency or if it is just some big fishes cashing out their funds and giving the opportunity to someone else buy the dip and play the game.

worst of all is that we have seen in the past that the price when it is at $47000 it fluctuates between $47000 to $50100, but if by chance it drops below $47000 it immediately drops to $45000 where it stays for some time and goes back to  $47500, this cycle will only be broken if the price is above $52500, and here where the problem comes from, for the price to break the $52500 it needs to have a big consecutive increase from $49000 straight to $51500 and then to $52500

[cryptomaniac_xxx]

Today bitcoin is fighting bravely to reach 50,000$ again, but when it is almost doing it, the price falls sharply to 48,000$ or even 47,000$, recovering right after for a new attempt of breaking the resistance level. That is a signal many traders are exiting at 49,700$-49,800$ range, probably aiming short run gains.
We need to watch the prices for the next days to confirm if there is a bearish tendency or if it is just some big fishes cashing out their funds and giving the opportunity to someone else buy the dip and play the game.

It's just repeating itself, strong resistance at that price right now, $50,000, $60,000 that's where the resistance is because of the big psychological barrier. So right now it is going to fight it out for the whole week and hopefully we can get out that hump and move to at least $52,000-$55,000 so that we are at least "safe" again from another downturn.

As much as we are seeing bearish tendency, I'm still leaning towards a bullish one this December. We just need one break out run again to push the price to higher significant numbers.

[btc_angela]

The scenario of the OP posted is September is just repeating itself again this November-December.

Now, we went as low as $47k if I'm not mistaken then have a good bounce 4% in the last 48 hours and bouncing around $48k-$49k but meeting a big resistance around $50k.

So yes, first we need to get over $50k and then $53k to move further away from the lows $50k. And hopefully, we can still survived this December with a good spike to at least $55k and close the year with that price and then we all look forward on what 2022 will bring to bitcoin market.

[Beparanf]

The scenario of the OP posted is September is just repeating itself again this November-December.

Now, we went as low as $47k if I'm not mistaken then have a good bounce 4% in the last 48 hours and bouncing around $48k-$49k but meeting a big resistance around $50k.

So yes, first we need to get over $50k and then $53k to move further away from the lows $50k. And hopefully, we can still survived this December with a good spike to at least $55k and close the year with that price and then we all look forward on what 2022 will bring to bitcoin market.

Agree that the scenario is already repeated since Bitcoin dip after hitting new all time high but we don't know if the support will still hold this time since there's a strong FUD about new Covid-19 variant and there's no upcoming ETF news anymore to recover the price. The price depends now on retail investors and if institutional investors will accumulate more because the current price is the perfect timing for them to take profit before they hit the breakeven price considering how thin the crypto order book.

[Vaskiy]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

[Reatim]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

I think this question is legitimate to be answered this very moment because the price is in between the choices again as this is the scenario the same when OP created this post.

I think we are climbing to 53k again as now Bitcoin price is near taking the 52,000 dollar value again.

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

I think at this moment the resistance is 55k mate, we have fallen down to below 47k means it is 8k up again taking that 55 thousand price .

[Kemarit]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

[carlisle1]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

I see that point; the market is moving sideways, and this correction seems to last. We never know if this will be changed after this first quarter

or it will continue, the sentiment keeps on being bearish and more traders are fearing of losing their money, unlike last year where we see

more bullish, that's the risk of investing inside this market, fluctuation is unavoidable you just have to gain strong knowledge to follow whatever

the adjustment is needed to survive continuing with this business.

[btc78]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

Your prediction comes true and that happens till End of 2021 , actually it is 1k lower than the mentioned amount because bitcoin stays 47k till the year changes earlier today.
Maybe you'll have to create another poll now if this will happen again or not.
I wonder what will be the prediction for the 1st and 2nd quarter of 2022 from those who have been expertly giving theirs here in the early days.

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

That was in the early December , but things change when 2nd week comes  and most when 3rd week because the price continues to fall and now here staying at 40k level.

[TravelMug]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

Scenario's are very different every year, although history might repeat itself, it's not a guarantee. We've seen the price movement in a zigzag manner and then sideways for the longest time.

Hopefully at the start of the new year, the price could still break that $50k and they stay there until we have a positive break out run in January. Stop about looking for a new ATH for a while, just like the market be healthy again not like going sideways.

[buwaytress]

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

Yeah, was a bummer for me too. Wasn't actually expecting 50k to be broken, but it did, and even touched 52 -- so a real bummer we pulled back  quite a bit in the final hours of 2021.

It's all really tricky now, as always, never enough volume (selling or buying is paltry really) to push a decisive move in either direction.

Not even sure if January will provide any clarity either.

[cryptomaniac_xxx]

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

Yeah, was a bummer for me too. Wasn't actually expecting 50k to be broken, but it did, and even touched 52 -- so a real bummer we pulled back  quite a bit in the final hours of 2021.

It's all really tricky now, as always, never enough volume (selling or buying is paltry really) to push a decisive move in either direction.

Not even sure if January will provide any clarity either.

Agree, it will be a very difficult month again for us this January, as there are no clear path as to where investors wanted the price to be. There might still be some who will push the price, but majority seems to be selling at the point of every bounce back (like the $52k price that we've seen last week).

So we are threading in a dangerous water so to speak, and might not actually be in the middle ground but more of tipping on the side of a bearish market.