Bitcoin faces strong resistance to reach $50k?

[btc78]

I dont think its strong resistance vs the prior uphill climb that was the prior range trade.   Now its supported by prior range, we just pulled back to the weekly average.   I can see it spiking to 49k even if we later sell off.

Easily climbing 46,100 again now while earlier today the price struggles to stand back to 45,000.

this must be another sign of the market making it to the top or at least taking again the 50 before the week ends?

the bitcoin market mood looks bullish at the moment and I believe $50k is possible soon but it may take some correction before bitcoin recovers and reaches $47k to 50k price.

bullishing now yeah , after a day of downing now again we can see a bright green color in the 24 hours cycle hitting almost 2% again.

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[Poker Player]

actually the resistance is 47k in which what cannot be broken of bitcoin for monh now.

so maybe if we made it through 47k then the jump to 50k or more will be the next.

Yes, I previously thought that the next resistance would be at $50K, and said so in the WO thread, but on the face of it, it looks like we've hit earlier resistance at $47. If we get past that, there shouldn't be much of a problem until $50K, always keeping in mind that technical analysis is not a 100% reliable predictive tool.

[slaman29]

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

It's not over yet though, just in the last 24 hours, it looked like it was going to head down quite deep as it was red everywhere but then as soon as Asian markets closed over here, everything picked up again. Bitcoin back to making a weekly high on Friday. Altcoins are the same and really enjoying this boost. It could be the circle of giving I think so for another weekend. Very good August so far.

[dataispower]

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

[Sayeds56]

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

Your long term prediction of Bitcoin price looks okay and it is likely to happen by the end of 2021 or first quarter of 2022. The current scenerio is range bound where Bitcoin is moving between 44K to 47K  and BTC is facing tough resistance above 47K. It won't get into Bullish zone unless breaks 50k and makes two green candles on 4Hrs chart to confirm the trend.

[onecall123]

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

Your long term prediction of Bitcoin price looks okay and it is likely to happen by the end of 2021 or first quarter of 2022. The current scenerio is range bound where Bitcoin is moving between 44K to 47K  and BTC is facing tough resistance above 47K. It won't get into Bullish zone unless breaks 50k and makes two green candles on 4Hrs chart to confirm the trend.

Bitcoin is slowly returning to $50k, but it takes a long way to go to just pass over. BTC is again trying to break above the resistance area. Hold your positions because market looks good for BTC. The situation is different this time, so get ready. Is it possible that Bitcoin will break through the strong resistance of $47K this time around?

[techearn17]

I'm not looking at the short term price prediction threshold, I'm for the bigger picture my prediction for the end of the year still remains $80k-$100k. Of course it will take time or even go above next year to achieve this but I'm so certain that we will this average price mark.

Your long term prediction of Bitcoin price looks okay and it is likely to happen by the end of 2021 or first quarter of 2022. The current scenerio is range bound where Bitcoin is moving between 44K to 47K  and BTC is facing tough resistance above 47K. It won't get into Bullish zone unless breaks 50k and makes two green candles on 4Hrs chart to confirm the trend.

Bitcoin is slowly returning to $50k, but it takes a long way to go to just pass over. BTC is again trying to break above the resistance area. Hold your positions because market looks good for BTC. The situation is different this time, so get ready. Is it possible that Bitcoin will break through the strong resistance of $47K this time around?

I'm seeing an increase in money at the moment but it would be nice if we could make up for that shortfall. I also think we will reach new heights. By the end of August, we may be able to raise the price to fifty-five or sixty thousand, and in November it may be seventy to eighty thousand.

[asrinur]

The price of bitcoin has been on the rise this week after dropping $30K a few weeks ago. Looking at the chart of the bitcoin price movement, I think by the end of this month the BTC price will rise to $50k. That's because previously the price of bitcon had reached its highest price last April. So, be ready to invest and enjoy the results while the market is still in a bullish trend.

[Obito]

It's only natural, I mean there's a lot of people that are going to take profit in the market when it goes up but we just have to wait it out, like what happened last time, the resistance will eventually be broken and then the prices will ride smoothly again.

[conected]

The price of bitcoin has been on the rise this week after dropping $30K a few weeks ago. Looking at the chart of the bitcoin price movement, I think by the end of this month the BTC price will rise to $50k. That's because previously the price of bitcon had reached its highest price last April. So, be ready to invest and enjoy the results while the market is still in a bullish trend.

- The force in the support area needs to be large enough to achieve the results you want but after looking closely at the areas around the chart, some people with a lot of expertise in analysis also realize that there are quite a lot of orders and so-called walls that are difficult to break, it seems to be a rejection signal from some people who are applying leverage and are short. The next few price levels like 47k-49k are price zones that could very well be a battle between two opposing factions.

[Kittygalore]

Don't worry or fret about it, it will break soon, just takes some time, didn't it already break through it back in January? Continue to hodl and wait for the right time and price and you will enjoy profits that you didn't expect you will get.

[STT]

So we did bounce maintaining momentum and just as NYC closes its jumped up a bit more also.  I think we are tending towards 50k area as OP mentioned and there abouts is a price of significance.   Also the price hit 12hr average, at the start of 2021 often when we had a strong positive trend the market would keep above the 12hr average as it had good momentum.
  I doubt we are challenged especially before Monday and Japan trading starts etc.  but the constant power of 12hr momentum is like a 1/4 mile drive, its really rapid.  I expect us to rest under 50k, theres a significant volume in that area, May 13th action was about this price and similarly that price has been a resistance/support area..

[anti-dot]

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

This is going to be exciting now whether we will see a heave fight at the $50k price level or not. We could also just blast through that level potentially, but nobody knows of course. I hope we won't get stuck for too long and leave $50k behind us as quickly as possible. What is also possible is that $50k becomes kind of the next check point in the market where we will go sidewards for a while without losing or gaining much from there.

[TravelMug]

This week started with much anticipation for Bitcoin price analysts such as myself with high hopes that we are going to see a 50k Bitcoin price at the end of the week, we saw how Bitcoin price reached above $46k during this week before correcting down to $44k at the moment and the weekend is almost here.
What are your Bitcoin price predictions are we going to enter the weekend in green and what is your price prediction this weekend.

It's not over yet though, just in the last 24 hours, it looked like it was going to head down quite deep as it was red everywhere but then as soon as Asian markets closed over here, everything picked up again. Bitcoin back to making a weekly high on Friday. Altcoins are the same and really enjoying this boost. It could be the circle of giving I think so for another weekend. Very good August so far.

And just like that we are now heading to $48k the next big resistance before the $50k jump.

But it's coming on a weekend anyways, I feel that the volume might not enough for a push to $49k-$50k significant levels. Usually this time, traders are speculators are at rest, and then come back strong this Monday. So let's wait for the next 4-12 timeframes, I'm not seeing a significant drop maybe just a couple of % and then we are going back on the 16th.

[pooya87]

It is not so much a "strong resistance" to reach $50k but it is a slow rise to get there. Which is a much better trend if you ask me because it creates a solid rise with much stronger supports that won't be broken again. For example it is highly possible that we won't see anything below $44k ever again. This wouldn't have been the case if price went from $30k to $45k in a single day. That's the same for $50k and above.

But I also believe that the FUD scare is still alive among some people and the whale shorters are still desperately trying to prevent the rise. Which is another reason why it is aslower rise.

[Rajamuda]

In my personal opinion, it still tends on high trends, but not sure that it will reach $50k, well of course we know that this signifies real evidence that is still a high chance to get good returns on investment, let's invest more and no need to hesitate.

[Yaunfitda]

It is not so much a "strong resistance" to reach $50k but it is a slow rise to get there. Which is a much better trend if you ask me because it creates a solid rise with much stronger supports that won't be broken again. For example it is highly possible that we won't see anything below $44k ever again. This wouldn't have been the case if price went from $30k to $45k in a single day. That's the same for $50k and above.

Agree, it's better we go on a true rise, not on an artificial rise just because we have some influencers out there trying to pump the market. Let it flow normally and see the price going up as natural as it can be.

But I also believe that the FUD scare is still alive among some people and the whale shorters are still desperately trying to prevent the rise. Which is another reason why it is aslower rise.

Shorters are going to get REKT, they could continue, but as what expense? losing money, not a wise decision to go against the bullish flow right now. As far as FUD, I think if we did reach $50k, we might see another one, but I guess they won't be as successful, the China FUD is over, the hash rate is back to normal and above average now.

[Reid]

Green lights are showing. We may have to fasten our seatbelts because this will going up so fast. 
$50k without Elon Musk! Yey! It's already at $47k and I think it could break the resistance. It broke 45k already so there is no reason it should stop now.
FUD will stay but they should never stop because this happens whenever they take their rest.
The hacking incident might have contributed to this recent hike.

[buwaytress]

So we did bounce maintaining momentum and just as NYC closes its jumped up a bit more also.  I think we are tending towards 50k area as OP mentioned and there abouts is a price of significance.   Also the price hit 12hr average, at the start of 2021 often when we had a strong positive trend the market would keep above the 12hr average as it had good momentum.
  I doubt we are challenged especially before Monday and Japan trading starts etc.  but the constant power of 12hr momentum is like a 1/4 mile drive, its really rapid.  I expect us to rest under 50k, theres a significant volume in that area, May 13th action was about this price and similarly that price has been a resistance/support area..

3rd weekend in a row now that numbers seem to be closing firm starting from end of market week Friday, after experience some bumps mid week. Hard not to see a test of 50k on Sunday horizon at this rate, but we should expect a few healthy failures there.

No rush, though. It's only mid-August and still more than 2/3rds of Q3 to play out the expected heated top.

[AverageGlabella]

Yes there is resistance but I am confident that we will get above the 50k by the end of the year. I thought we would get there at the end of this month but did not think we would see the resistance we are seeing now. If there are no negative stories that impact Bitcoin I think we will see above 50k next month or in November before a Christmas ATH.