Is $48k the next Bitcoin benchmark?

[Devifajarina]

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

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

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

[rahmatrf331]

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

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

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

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

[geegaw]

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

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

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

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

[asrinur]

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

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

[ajochems]

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

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

[onecall123]

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

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

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

[Ziskinberg]

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

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

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

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

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

[justdimin]

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

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

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

[Luqman]

Correction incoming right now, the price seems to go down to $45k as of the moment. A 3% minor dip in the last 24 hours. And I would say that this is a healthy correction in my opinion.

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

[AliMan]

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

[rahmatrf331]

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

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

[Devifajarina]

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

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

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

[Devifajarina]

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

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

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

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

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

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

[rodskee]

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

Looks like 48k is the Barrier mate because almost there , Bitcoin had been struggling to reach 50k by crossing this 48,000 bit badly did not make it now and dropping back to 44k and seemingly coming to 43k again this day alone.

The resistance was too hard to break, which I think $48k benchmark is hard to achieve right now. It might take more months before we're going to see nearly on that price, because as fluctuations made traders panic they still rely in negative news.

EXAGGERATED lol, more months to break that 48k? when we almost there days ago lol.

Everytime the market initiates downturn, it caused a lot of people becomes anxious and emotional. That's normal for new comers who didn't have knowledge on everything with cryptocurrency.

Lol there are very few that has this attitude because crypto investors now are matured enough to understand that they need to keep the hold or lose once again.

[philipma1957]

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

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

[LogitechMouse]

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

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

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

[Mpamaegbu]

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

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

[skarais]

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

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

[TravelMug]

Correction incoming right now, the price seems to go down to $45k as of the moment. A 3% minor dip in the last 24 hours. And I would say that this is a healthy correction in my opinion.

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

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

[24Kt]

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

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

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

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