Bitcoin @ $50k

[BIN-BIN]

Bitcoin started this weekend market on a very good note hasn’t broken the 48k price benchmark which has held Bitcoin down for over a week before finally crushing the 48k price resistance level arriving at $48,500 on Friday evening, Bitcoin will inevitably end this week with a market price of $50k.

What is your analysis of this prediction?

[tabas]

Well, not going to be that much with those analysis and prediction. It is very likely that we're going to be in $50k anytime soon. Coming from the lowest that it had when it corrected on $44k and rising to $48900. We might see it any moment now that it will break to $50k.
But if it won't break to $50k then expect that it has to drop to its support.

[Slow death]

Bitcoin will inevitably end this week with a market price of $50k.

The price is currently at $49200 and it is clear that it is very close to reaching 50k, but the question will be:

Will the price be able to stay above 50K this weekend so that it ends the week above 50K?

one thing and it being able to reach 50K and another very different thing Is the price being able to finish the week above 50K

[LogitechMouse]

Bitcoin right now is at $49,000.
$50,000 is a strong resistance right now but I expect that it will touch that price anytime soon (maybe in 1-2 weeks time).
Now that $50,000 is near, the question is that will it stay above that price because that will prove whether we will see Bitcoin going up even more or it is only just a false breakout.

No analysis for me. Just a prediction and just by watching in the market, you can know what will be the next targets that Bitcoin might try to reach.

[Kemarit]

Bitcoin started this weekend market on a very good note hasn’t broken the 48k price benchmark which has held Bitcoin down for over a week before finally crushing the 48k price resistance level arriving at $48,500 on Friday evening, Bitcoin will inevitably end this week with a market price of $50k.

What is your analysis of this prediction?

It's pretty obvious that once we broke that big barrier of $48,000, our next stop will be $50,000.

Possible to end this week with $50,000, however, we shouldn't rush to it. If it reach that price, then good, what's important is that the price increase in natural, and not being artificially pump by whales and influencers, because we all know what will going to happen next if the price goes very fast.

[Text]

It turns out that only $500 is missing in the past 24 hours which would have reached the $50K range.

This is what most people say that the bull run is not over this year.  I also expect that any time from now on the price could hit $50K within this week or next.  Just slow as long as steady.

[Tim-BTC]

The market broke through the 48,000 upper edge of the previous box shock yesterday. Once a short-term upward trend is formed, as long as it does not break the support, it will continue to fluctuate and rise. Then the market will continue to oscillate upward along the following upward trend line. Today, the upper market pressure 49500, 51000, 53200; lower support, 48000, 46700.

[mk4]

Funny how like last week almost everyone's bullishbearish, predicting a drop down to 20k-30k and all that. And just like with a simply flick of a switch, we bullish again! To the moon! /s

Yea, one of the reasons why people should simply just hold and not try to time tops and bottoms.


EDIT: typo

[Fundamentals Of]

We are entering the weekend already. So far the price of Bitcoin has already broken the $48,000 resistance, which has already weakened after several attempts for the past days. In fact, Bitcoin has already stepped on the $49,000 mark. I am confident that with $50,000 very near, it would now be easier for the price to finally come back to Bitcoin, if not within the day then most probably tomorrow. But if $50,000 is a strong resistance then the weekend will probably end with just around the $48,000 which has probably been considered a support now.

[Rajamuda]

I had said before that the price of bitcoin is very likely to reach $50k without experiencing much decline, the buyer rate still looks high, of course it causes the price of bitcoin to easily touch $50k. Who doubts this? no need to feel that.

[The Cryptovator]

Bitcoin traded above $49K today in Binance. So it's not too far from the $50K zone. If any bad news does not come out recently then there is the possibility to break the $50K zone at any time. And we have to keep in mind, to see another ATH or another big bull Bitcoin should break the first $50K zone. So in current situations breaking the $50K zone is quite important. I am not a good analyzer, but hope Bitcoin would break the $50K zone this week at any time. If not then we might encounter a bear market again.

[adaseb]

Funny how like last week almost everyone's bullish, predicting a drop down to 20k-30k and all that. And just like with a simply flick of a switch, we bullish again! To the moon! /s

Yea, one of the reasons why people should simply just hold and not try to time tops and bottoms.

I think you meant "Funny how like last week almost everyone's bearish..." Read your post a few times until I finally got the typo. But I agree with you. Seems every week people are flipping back and forth. Right now everybody is bullish and if we get a slight pullback, everybody will be bearish expecting $30K again.

Its funny because we are almost over $50K however most of the people on crypto twitter, reddit and bitcointalk forum are very bearish. It either means they went short, or they sold all their crypto and want to buy back at a cheaper price. Because its strange to believe why all of a sudden everybody thinks bitcoin will crash any day now. Similar to how at $64K, everybody was saying we are going to $100K.

[RILWAN]

Bitcoin is already trading around the 50k region as the price of bitcoin keeps rising in the late hours of Friday before the end of today if bitcoin continues with this price trend, then we may even have above 50k before the start of next coming week.

[ethereumhunter]

Hopefully, the bitcoin price will reach $50k in the weekend, but if that does not happen, maybe next week will be good for the bitcoin price to reach $50k. No matter how long the bitcoin price needs to reach $50k, it will be on that price and will be more than that price in the future. But I guess the bitcoin price can still stay at the $48k price level until this weekend so next week will be a good start to increase. Otherwise, the price will start to grow in the next few hours. Let see what will happen these 2 days.

[Yaunfitda]

Currently at $48,850, but I've seen it going above in the $49,200 price and I thought that we are going to break it today. Unfortunately, it dip a little, but nothing to worry about it, cashing out at $49k++ is good strategy for some speculators, that's already a sure fire profit already.

So I expect that next week and up to Aug 31, we might see it exceeding $50k, and now entering the last quarter with a fresh and bullish sentiments, nothing can go wrong, and maybe we will hit another all time high.

[asrinur]

Bitcoin is showing good signs of gains after breaking through the $48k resistance area, fueling hopes that the bitcoin price may hit a new all-time high. It is very important for Bitcoin to stay above the $48k level going forward. Therefore the price of Bitcoin will soon push to the position of $50k.

[worle1bm]

Bitcoin started this weekend market on a very good note hasn’t broken the 48k price benchmark which has held Bitcoin down for over a week before finally crushing the 48k price resistance level arriving at $48,500 on Friday evening, Bitcoin will inevitably end this week with a market price of $50k.

What is your analysis of this prediction?

We seem to touch $50k mark soon as we are left with only $1117 price target to hit exactly the half century price levels as it is trading at $48,883 as per CMC so hope it's going to break the resistance and cross it.But the market is completely unpredictable and we can be speculative only and optimistic about its growth and just hodl long term to get profit guaranteed.

[OrangeII]

Bitcoin will inevitably end this week with a market price of $50k.

The price is currently at $49200 and it is clear that it is very close to reaching 50k, but the question will be:

Will the price be able to stay above 50K this weekend so that it ends the week above 50K?

one thing and it being able to reach 50K and another very different thing Is the price being able to finish the week above 50K

well, one thing that usually happens when the price of bitcoin has hit a high price, sometimes that price won't last long to last because quite a lot of people are targeting the price of $50k and selling their assets at that point.

however, it's still speculation, I still hope that when the bitcoin price has broken the $50k wall, I hope the price will continue to rise. In addition, quoting from price analysis from Cointelegraph today, they are also very confident that when the price of bitcoin reaches the price of $51k, there will be a high possibility that the price of bitcoin can continue to rise to the level of $60k. well, let's hope the bitcoin price hits $50k first.

[Obito]

Bitcoin is showing good signs of gains after breaking through the $48k resistance area, fueling hopes that the bitcoin price may hit a new all-time high. It is very important for Bitcoin to stay above the $48k level going forward. Therefore the price of Bitcoin will soon push to the position of $50k.

Some people in the market might already take a profit at that point so there's a possibility that it's going to go down because there's a lot of people that's going to sell their bitcoin to take some profit, tread lightly because anything can happen and the resistance at 50k is as strong as back when the market was trying to break it for the first time.

[jostorres]

Bitcoin started this weekend market on a very good note hasn’t broken the 48k price benchmark which has held Bitcoin down for over a week before finally crushing the 48k price resistance level arriving at $48,500 on Friday evening, Bitcoin will inevitably end this week with a market price of $50k.

Most probably you are going to have above $51k by the times of coming Monday. Usually weekends are known for stronger bull run to happen in crypto markets and this week, we are at a critical resistance level right now and once we are breaking this strong resistance levels at $50k levels then we can see bitcoin prices are flying toward a new ATH.

I am not seeing any other big resistance levels to hold bitcoin markets from reaching a new ATH. Hence, breaking of $50k levels by this weekend might lead to one rememberable incident in bitcoin markets as it will open doors for another wave of stronger bull run in 2021.