Is $48k the next Bitcoin benchmark?

[BIN-BIN]

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?

[sunsilk]

Will $48k Bitcoin price be achievable this week?

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

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

[RILWAN]

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

[Ryker1]

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

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

[Hippocrypto]

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?

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

[STT]

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



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

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

[ethereumhunter]

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

[crwth]

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

[cabron]

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

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

[Dave1]

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?

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

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

[Fundamentals Of]

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

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

[Tessnik]

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

[Poker Player]

But the big test for this month is $50k,

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

Despite the correction in the price of bitcoin, 48k price is still possible am very sure we may likely have a 50k bitcoin price before the end of this week,

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

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

[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?

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

[leea-1334]

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.

[StreakW]

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

[Obito]

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

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

[pauloaragaomelo]

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.

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

[Yaunfitda]

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.

[Kittygalore]

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