Is $48k the next Bitcoin benchmark?

[pauloaragaomelo]

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.

Even if you attribute the movement to a ghost month for crypto but the fact is that it will not happen because this month is the beginning of the market recovery to go bullish, we are almost $50k in this month and it will be reached as soon as the market is supported by positive news regarding amazon and soccer stars Messi.

[ShowOff]

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 right, it's all a process and let's see how trader want to make a real $48K-$50K price in August.

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.

I was already preparing myself to feel the new ATH happening this year. I think it's still very realistic to think that it will happen at the end of the year or the beginning of 2022. It is clear that we never know what will happen over the next 5 month as the volatility of supply and demand price is the main reason, but yes we all still have hope to feel something sensational on bitcoin price.

[DU18]

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.

You are right, nowadays many intuitive investors are starting to make bitcoin as their asset so that it gives a strong impetus to price movements in the market, even though the bitcoin price had fallen some time ago, but the amount of trust from investors made the bitcoin price recover, now bitcoin price is $46,524 and if the market continues to improve of course the possibility of bitcoin price to reach the price of $50K could happen within this month.

[GeorgeJohn]

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.

All these we all do here concerning bitcoin regulations in price is assumptions, really, on my own bitcoin don't have a perfect assumptions or prediction, saying in the next two to three (2-3) days bitcoin will get into fifty thousand (50), the question is that how we sure of such prediction, cryptocurrency generally don't have to be trusted weather the prediction is beneficiary to everyone using cryptocurrency or not, cryptocurrency can't be given hundred percent (100%) assurance or sure because it's a digital currency, this is my own view towards cryptocubutrrency.

[romero121]

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.

All these we all do here concerning bitcoin regulations in price is assumptions, really, on my own bitcoin don't have a perfect assumptions or prediction, saying in the next two to three (2-3) days bitcoin will get into fifty thousand (50), the question is that how we sure of such prediction, cryptocurrency generally don't have to be trusted weather the prediction is beneficiary to everyone using cryptocurrency or not, cryptocurrency can't be given hundred percent (100%) assurance or sure because it's a digital currency, this is my own view towards cryptocurrency.

Everything is an assumption which is connected with some events that take place during that particular time period of market progress. It is similar to the rest of the investments, there is nothing assured. When it comes to centralized form of investment, warning is provided prior to the investment. It is subject to market risks, do your analysis and go for investment.

Right now the benchmark seems to be $55k by the mid of upcoming week. With this trend it'll easily cross $50k by tomorrow.

[Fredomago]

Everything is an assumption which is connected with some events that take place during that particular time period of market progress. It is similar to the rest of the investments, there is nothing assured. When it comes to centralized form of investment, warning is provided prior to the investment. It is subject to market risks, do your analysis and go for investment.

Right now the benchmark seems to be $55k by the mid of upcoming week. With this trend it'll easily cross $50k by tomorrow.

If that is much easier than done, then most if not all the traders will gain out from it, but likewise all still depend with own assessment nothing is certain and every assumption counts.

It's up to a person who will execute his trade and investment, speculations are everywhere and with a volatile nature of this market, we are unsure if what will come up tomorrow or in the following weeks.

Keep doing what you know is right with your investment. Never fail yourself because of someone's prediction better to trust your own instinct.

[Slow death]

a few hours ago it was very close to reaching 48K:



if the price stays above $47000 and is consolidating in this zone then Saturday or Sunday it will be above 48K and will be running to be above 50K which I think can be reached later this month of August if this movement does not change

Keep doing what you know is right with your investment. Never fail yourself because of someone's prediction better to trust your own instinct.

True, but in this market we also have to follow the news and price forecasts made by other people, it helps to make comparisons with the forecasts we make

[TimeTeller]

a few hours ago it was very close to reaching 48K:
-

if the price stays above $47000 and is consolidating in this zone then Saturday or Sunday it will be above 48K and will be running to be above 50K which I think can be reached later this month of August if this movement does not change

Keep doing what you know is right with your investment. Never fail yourself because of someone's prediction better to trust your own instinct.

True, but in this market we also have to follow the news and price forecasts made by other people, it helps to make comparisons with the forecasts we make

Seems that $48k is really on the horizon, and touching the 50k level again is very possible.
And also, if you really want to test your speculation skills, you can also bet on price prediction like in freebitco.
On the other note, this development is very positive for the community as we are rising up again.
When btc fell down to 30k few weeks ago, some were predicting that it will go down to 20k, and the opposite happens.

[Boov]

If I would remain too positive for this current btc level, I must say we're alread at that potential state of btc. Benchmark of price has many good points to consider, and after this $48k there's another speculations that's going to be projected which is $50k, $55k and even $60k as long as market keeps going.

[traderethereum]

If I would remain too positive for this current btc level, I must say we're alread at that potential state of btc. Benchmark of price has many good points to consider, and after this $48k there's another speculations that's going to be projected which is $50k, $55k and even $60k as long as market keeps going.

We will go $48k as the price now can jump to $47,600 but I think the price will make a correction before it increases more.
The trend is going up from now but we still need to be careful because the price can surprise us by getting down and back to the lower price.
This month will be a good time for bitcoin to increase and back to $50k first or go up to $60k.
Getting back to the last ATH will not be easy from now on and I believe many barriers will need to break.

[adaseb]

I don't think $48K is siginificant. $41-42K was significant because it was resistance and we broke it like butter. The next major resistance will most likely be the round $50K and then maybe $55-56K. Those are important because if you pull up a chart and load the POV which shows you what price most volume was traded at it was there.

Most likely alot of retail is trapped at $55-56K and many will want to get out at break-even. So there will be sell pressure and there is a good chance price might never even reach that area and if it does it will take a while to break-through. So if we break that area, we will easily break ATH and most likely closer to the $70K's.

[BIN-BIN]

I don't think $48K is siginificant. $41-42K was significant because it was resistance

I have a different opinion about this statement: 48k price is important because of the level of resistance around the 42k-46k region for almost a week before finally, Bitcoin broke that resistance level to 47k and above late yesterday. If the current Bitcoin price trend continues, then 48k might be achievable within the next 24 hours.

[Jating]

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 right, it's all a process and let's see how trader want to make a real $48K-$50K price in August.

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.

I was already preparing myself to feel the new ATH happening this year. I think it's still very realistic to think that it will happen at the end of the year or the beginning of 2022. It is clear that we never know what will happen over the next 5 month as the volatility of supply and demand price is the main reason, but yes we all still have hope to feel something sensational on bitcoin price.

The best thing to do for us is to really save up and continue to stack up sats for the eventual bull run at the end of the year. Also remember that we have another upcoming good news in November, which is the taproot upgrade so I'm still going to be very bullish. Aug $48k-$50k and then September and up to the last quarter, $70k-$80k, new all time high and maybe the price that we all wanted to see, 6 digits for the first time.

[dragonvslinux]

It's ironic that you post this as price did just get rejected from $48K price level for, in my opinion, little to no price reason what so ever. To me it seems it was due to the TD 9 Sell signal (time-based), some bearish divergence confirming on the 4hr chart (as well as developing on the Daily chart), as well as declining volume. Oh, and it's the weekend so never a good time for a moonshot unless you want a CME gap to fill the following week. The bart pattern in hindsight was to be expected, whether over the weekend or early next week. But to me this doesn't mean $48K is a resistance level, it just happens to be the local swing high for now, while we await for more volume, potentially develop more support, and eventually test the $50K resistance levels.

[Clavulanic]

Our next benchmark will be more than stated price, and on recent price outbreaks we already surpassed $45k - $46k.
If we think of more potential value, I guess we will be going upward and seeing $50k this coming week is really possible.
As the trend goes controversial, people's desire was really heating up to take their gains that's why slight downturn also happened.

[Wawa2013]

Our next benchmark will be more than stated price, and on recent price outbreaks we already surpassed $45k - $46k.
If we think of more potential value, I guess we will be going upward and seeing $50k this coming week is really possible.
As the trend goes controversial, people's desire was really heating up to take their gains that's why slight downturn also happened.

This week the performance of Bitcoin has been extraordinary, just imagine Bitcoin convincingly now at a price of $ 47k. This is a very good increase,
it is possible that next week Bitcoin is very likely to rise above the price of $50k. If this is true, it will provoke FOMO and finally we can return to
the ATH price of $60k again. So don't be in a hurry to take profit now, except for people who do day trading, the volatile Bitcoin price can be used
to generate profits.

[Kemarit]

Our next benchmark will be more than stated price, and on recent price outbreaks we already surpassed $45k - $46k.
If we think of more potential value, I guess we will be going upward and seeing $50k this coming week is really possible.
As the trend goes controversial, people's desire was really heating up to take their gains that's why slight downturn also happened.

This week the performance of Bitcoin has been extraordinary, just imagine Bitcoin convincingly now at a price of $ 47k. This is a very good increase,
it is possible that next week Bitcoin is very likely to rise above the price of $50k. If this is true, it will provoke FOMO and finally we can return to
the ATH price of $60k again. So don't be in a hurry to take profit now, except for people who do day trading, the volatile Bitcoin price can be used
to generate profits.

Yeah, but the OP's benchmark seems to be a very hard to crack at this point, $48,000.

So that's likely the next target, I think FOMO will sets in once we reach $50,000 as this is a big psychological barrier, a usual whole numbers that when we reach, speculators, traders and investors will likely jump again and then wait for a $60,000 or at least a new all time high. Of course, we don't need to hurry, but it's good to take profit some time specially if you needed cash, IMHO.

[Rajamuda]

I think the odds are very high to hit $48k next week, and for this week I think $47k+ is the highest.
The benchmark at $48k will be the next sign while it continues to be on an upward trend in its price movement.
We are free to express some predictions and keep a sense of confidence in it, although in fact cannot be certain what will happen, which clearly is that the market will still continue to prove in a high trend.

[Dave1]

I think the odds are very high to hit $48k next week, and for this week I think $47k+ is the highest.
The benchmark at $48k will be the next sign while it continues to be on an upward trend in its price movement.
We are free to express some predictions and keep a sense of confidence in it, although in fact cannot be certain what will happen, which clearly is that the market will still continue to prove in a high trend.

I'm not basing on the odds, but the fundamentals of bitcoin is very strong that's why for me $48k will be broken eventually, regardless if it's next week or at the end of the month.

We already have signs along the way, like when we hit $28k and then rebounded to $40k. But $50k will be huge, if we manage to breach it again, then in the next coming months there is a big chance that we will touch a new all time high and then the upswing will continue to $100k.

[yohananaomi]

Our next benchmark will be more than stated price, and on recent price outbreaks we already surpassed $45k - $46k.
If we think of more potential value, I guess we will be going upward and seeing $50k this coming week is really possible.
As the trend goes controversial, people's desire was really heating up to take their gains that's why slight downturn also happened.

it's true that the $50K price will likely be exceeded soon, to increase even higher it has already begun to be seen from the current movement that is heading towards becoming greener than some time ago. but it is not yet seen that bitcoin will continue to show to continue to move rapidly to increase. indeed there are still obstacles that occur or indeed there is no momentum that has been formed from bitcoin to be able to immediately break away to continue to move up until the end of the year with renewable ATH. need patience to wait for it and surely bitcoin will be able to do that.