Is $48k the next Bitcoin benchmark?

[ultrloa]

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?

The price of bitcoin today cannot be used as a definite benchmark for the price of bitcoin in the future. There are many factors to take into account to predict the price of bitcoin. Technical and fundamental analysis is still very influential for trading or investing in bitcoin. From a technical perspective, Bitcoin's price rally above $45k is an encouraging sign, which could result in further gains towards the $50k to $55k resistance. The mood of optimism seems to have returned to the cryptocurrency market.

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

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

[ipanks]

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

[btc78]

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?

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

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

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

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

[electronicash]

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?

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

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

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

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

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

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

[bitzizzix]

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?

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

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

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

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

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

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

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

[Fredomago]

I think it's for sure and the current price is around 44K and to reach 50K or so is very close compared to 30K, and the current drop is their chance to buy it.

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

the market will pump back and the strong bull will pull the trigger up.

I still believe the bitcoin price will reach 100K or at least exceed the previous ATH which will happen by the end of the year as the experts predict, although all predictions are not always correct at least there is a target to reach that price.

Breaking the last time high is very possible, Bitcoin move few weeks ago and shows how powerful the market can go, it's just a matter of time, with trust from more holders the value will rise back.

and if it is beyond expectation, just hold it and wait until it hits the target and realize that long term is the best option for bitcoin.

For sure! There are many holders who already experienced that and it's proven that if you want to maximize your profits, set your target and patiently wait.

[ene1980]

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?

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

[teosanru]

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?

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

[jaberwock]

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

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

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

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

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

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

[Vaculin]

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?

We're not yet at the nearest ultimate high which has been recorded as greatest pump ever, but that gaining of $46k after huge fall was a huge capabilities that will soon initiate a massive demand. Many people said that panic buying was happening, but the reality was not exactly coinciding because we still experienced little crashing. So on my own visions $48k might take few week and not that quick for just one week.

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

[Shasha80]

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?

We're not yet at the nearest ultimate high which has been recorded as greatest pump ever, but that gaining of $46k after huge fall was a huge capabilities that will soon initiate a massive demand. Many people said that panic buying was happening, but the reality was not exactly coinciding because we still experienced little crashing. So on my own visions $48k might take few week and not that quick for just one week.

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

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

[BIN-BIN]

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

[leea-1334]

46k seems like something of a tough spot to overcome ~~~~

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.

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

[michellee]

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

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

[DU18]

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

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

[magneto]

What do you mean benchmark?

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

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

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

[STT]

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

[Jating]

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?

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

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

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

[irsada]

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

[Taskford]

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?

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

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

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

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