Bitcoin @ $50k

[TravelMug]

Bitcoin price already went over $50k. But this time, we are witnessing it to decrease gradually and it has gone down to $47.9k now. I assume that it is another price correction after a good amount of increase in the price. I think that it might recede until reaching $47k exactly. But after that, I'm expecting to see the price starting to increase again and going towards $55k.

Yes, it is, as long as the price is not going below $45, I think this is just another healthy correction, just like what we witnessed before the sudden spike to $50k. We have a strong support at $47k and I think it will hold for now until we have another break out run.

The good thing is that we have a week to accomplished and bring back the price to $50k. So that's a lot of leg room for us to work at the end of this month.

[indah rezqi]

And that has happened ($50K), now that Bitcoin has dropped again from $50K to $49.7K it's probably going up again at $50K and I'm sure Bitcoin price will pass the $63 high this year. The exact prediction of the price of Bitcoin, I feel that the influence of economic conditions in the midst of a pandemic also has an effect.

Its early to tell but since bitcoins price surge at $50k unexpectedly maybe we can see those possible numbers you mentioned and so far the market is so bullish so I think maybe we need to broke the $60k before going up to another figures since if this one happen then provably $70k will be the next milestone to hit. I do hope even next month that we can still see bitcoin dominates so that we can see it continuously to rise up.

I believe that if Bitcoin continues to rise and reach this year's highest price from the price that occurred a few months ago, then there is a possibility that the price of altcoins will also have an impact even though only a small part of the altcoins are on the market.
If what I say is true, then it shows that there is a positive influence of Bitcoin which can give space to altcoins regarding their prices (Altcoins).

[BIN-BIN]

Looking at the market it turns out that the price of bitcoin is increasingly dominating and if it continues like this, it could have broken the $50k mark.
In these few days, we see the price of bitcoin continue to spin at $47k-$48k. Maybe we're getting closer to $50k, so many assume that bitcoin is
optimistic about moving upwards. But sometimes the market is not just predictable. If it moves down, it also cannot be said if this bullish will end.
Maybe Bitcoin moves down a little then take steps to keep going up.

I guess the strongest resistance level for Bitcoin right now is the $50k price level. Once Bitcoin price moves above 50k and can sustain that, the next stop price will be $60k.

Hurdlers are very optimistic this season as the bull run slowly and gradually gathers momentum.

[zanezane]

It seems that a lot of people have taken a profit at this point because most crypto are already down this day, I think that this is a good opportunity if anyone wants to buy some bitcoin because it's only a matter of time for the prices to go back up again.

[Oasisman]

Bitcoin price already went over $50k. But this time, we are witnessing it to decrease gradually and it has gone down to $47.9k now. I assume that it is another price correction after a good amount of increase in the price. I think that it might recede until reaching $47k exactly. But after that, I'm expecting to see the price starting to increase again and going towards $55k.

Might be too early to say that Btc will be heading at $55,000 after this short pull back.
Currently, Btc is trading at $47,000 level and I'm guessing that Btc might take days before it bounce right back at $50,000. It might need to have at least a couple of days to build up while traders are buying into the short dip, and then pull back again. This could go on for the remainder of August.
I'm expecting Btc to be maintaining the $50,000 level on September.

[LUCKMCFLY]

The price of BTC has been very strongly upward, it is likely that when it touches the $ 50k levels again it will be a test to see if there is still more supply, however analysts are waiting for the price at $100k:

For instance, Lyn Alden, the founder of Lyn Alden Investment Strategy, told Business Insider that Bitcoin has an incredible potential to have reached $100,000 by next year, stating that the cryptocurrency is “still in kind of the early-to-mid stage of its long-term trajectory.”

Source: https://cointelegraph.com/news/bollinger-bands-creator-warns-bitcoin-bulls-as-btc-price-struggles-below-50k

As long as there is supply at the $ 50k levels it will not rise with intensity, as the bears are planning their strategy there, for now what I am seeing through the volume reading is that the bulls are buying at the dip, for this reason the price has not fallen so sharply.

[Kittygalore]

It seems that a lot of people have taken a profit at this point because most crypto are already down this day, I think that this is a good opportunity if anyone wants to buy some bitcoin because it's only a matter of time for the prices to go back up again.

It's continuously going down so you're right about buying bitcoin right now, bitcoin has considerably gone down this day so it's the right time, hopefully the prices really do bounce back.

[RealMalatesta]

And that has happened ($50K), now that Bitcoin has dropped again from $50K to $49.7K it's probably going up again at $50K and I'm sure Bitcoin price will pass the $63 high this year. The exact prediction of the price of Bitcoin, I feel that the influence of economic conditions in the midst of a pandemic also has an effect.

Its early to tell but since bitcoins price surge at $50k unexpectedly maybe we can see those possible numbers you mentioned and so far the market is so bullish so I think maybe we need to broke the $60k before going up to another figures since if this one happen then provably $70k will be the next milestone to hit. I do hope even next month that we can still see bitcoin dominates so that we can see it continuously to rise up.

I think that what we have seen right now that we could definitely go to a lot higher levels, it is definitely possible. However, I am not sure about how slowly or fast it will happen, it could happen very quickly or it could happen very slowly.

Maybe we will barely see 55k for the next month, or maybe we will just do a whole lot more than that? Maybe for the next 2-3 weeks it will stay around 50k and then suddenly it may go over 60k and that is the most important part, we can't just be calm and relaxed about it, we need to realize that we should be very comfortable very soon when the price goes up and until that happens, we should just relax and do nothing and wait for it to happen.

[terciduk123]

$50K becomes quite a strong resistance and not easy to pass, there will be several trial stages to break it then $50k becomes a strong line of support for Bitcoin.
Consolidation like this will probably last for a few weeks. If we look at the Bitcoin trading volume on Binance, the trading volume is still stable in the range of $2-$2.5 Billion Dollars, Usually if the pump continues the trading volume increases rapidly.

[lepbagong]

$50K becomes quite a strong resistance and not easy to pass, there will be several trial stages to break it then $50k becomes a strong line of support for Bitcoin.
Consolidation like this will probably last for a few weeks. If we look at the Bitcoin trading volume on Binance, the trading volume is still stable in the range of $2-$2.5 Billion Dollars, Usually if the pump continues the trading volume increases rapidly.

it looks like what you said is correct, bitcoin is still difficult to get past this crucial figure at $50K, if it is missed it is only temporary and will go down again, but if that momentum can be passed then there will be a fairly high spike from bitcoin which will clearly try to get past ATH their last and form a renewable ATH which might be even better. indeed it seems that the momentum has not been seen and we are waiting when we enter Q4 then there we will see the movement is real.

[Japinat]

$50K becomes quite a strong resistance and not easy to pass, there will be several trial stages to break it then $50k becomes a strong line of support for Bitcoin.
Consolidation like this will probably last for a few weeks. If we look at the Bitcoin trading volume on Binance, the trading volume is still stable in the range of $2-$2.5 Billion Dollars, Usually if the pump continues the trading volume increases rapidly.

it looks like what you said is correct, bitcoin is still difficult to get past this crucial figure at $50K, if it is missed it is only temporary and will go down again, but if that momentum can be passed then there will be a fairly high spike from bitcoin which will clearly try to get past ATH their last and form a renewable ATH which might be even better. indeed it seems that the momentum has not been seen and we are waiting when we enter Q4 then there we will see the movement is real.

It looks like a trap, bitcoin is down now and only trading at almost $47k. I am not sure if it will still bounce back soon but it could be a sign that the bullish movement we saw could possibly be a trap only. We are used to seeing a green market in the past few days but we are seeing some red market, do we still hold or convert it to a stable coin temporarily?

[Reatim]

$50K becomes quite a strong resistance and not easy to pass, there will be several trial stages to break it then $50k becomes a strong line of support for Bitcoin.
Consolidation like this will probably last for a few weeks. If we look at the Bitcoin trading volume on Binance, the trading volume is still stable in the range of $2-$2.5 Billion Dollars, Usually if the pump continues the trading volume increases rapidly.

it looks like what you said is correct, bitcoin is still difficult to get past this crucial figure at $50K, if it is missed it is only temporary and will go down again, but if that momentum can be passed then there will be a fairly high spike from bitcoin which will clearly try to get past ATH their last and form a renewable ATH which might be even better. indeed it seems that the momentum has not been seen and we are waiting when we enter Q4 then there we will see the movement is real.

Lol bitcoin stays above 50k for couple of days so obviously it was being passed , the problem is to maintain the momentum  

i Know that there are chances this month to make it to 53,000 as paypal is on the move to make it a way of pumping.

like what said in this post

My investment formation view is long term, so Buy in Dip and Buy Accumulate are my two types of strategies.  This saves me from having to weigh the severity from the price.  For bitcoin, just be ready to buy/hold with the trend, it will maximize your short position, just don't panic.  In my opinion, now is a good time to buy, a lot of good news is supporting, Paypal has created a bitcoin trading portal for UK, Taproot is ahead at 11/2021,… good signal for bitcoin to go to  >53k in this August.

Clearly there is a good chance .

[anggoro manise]

It looks like a trap, bitcoin is down now and only trading at almost $47k. I am not sure if it will still bounce back soon but it could be a sign that the bullish movement we saw could possibly be a trap only. We are used to seeing a green market in the past few days but we are seeing some red market, do we still hold or convert it to a stable coin temporarily?

It looks like there is still a possibility to go up again if you look at the movement of bitcoin, and also support from rising altcoin prices. it shows that bitcoin is still stable and may be going up again. but there are many possibilities that can happen, many people predict the price will continue to rise.

[Oceat]

It looks like a trap, bitcoin is down now and only trading at almost $47k. I am not sure if it will still bounce back soon but it could be a sign that the bullish movement we saw could possibly be a trap only. We are used to seeing a green market in the past few days but we are seeing some red market, do we still hold or convert it to a stable coin temporarily?

It looks like there is still a possibility to go up again if you look at the movement of bitcoin, and also support from rising altcoin prices. it shows that bitcoin is still stable and may be going up again. but there are many possibilities that can happen, many people predict the price will continue to rise.

How did you know that there's still a possibility for Bitcoin to pump after I saw the charts from $50k down to $47k within two days? It's more likely a trap for me if you ask, just like what the other's said. I don't see any signs of stability on that market, everything is moving up and down. It's just like traders like to dump after reaching $50k and has no plan to hodl anymore.

And to be honest, I'm hoping that it would continue to pump after reaching $50k but it seems that the hype is almost over after it went down.

[STT]

We've past 200 day average but it has a gravity to it, we have to at least confirm price action as remaining above on daily and weekly bars.   Thats part of why we pull back now though it appears as weakness right now its also nessecery to gain higher prices later over longer time frames.

[BIN-BIN]

Bitcoin at this point is at a safe mode in the sense that the price is close to the 50k area even when it has already achieved the 50k price last week before falling back to below that price this week but in all Bitcoin has been stable in price throughout this week.

[cryptomaniac_xxx]

Bitcoin at this point is at a safe mode in the sense that the price is close to the 50k area even when it has already achieved the 50k price last week before falling back to below that price this week but in all Bitcoin has been stable in price throughout this week.

In my opinion though, there is no safe mode as per my experience, during the bull run of 2017, I said that the price won't go below $10k, but it did.

Although it looks very stable, the FUD gang might be just silently creating another news that might impact the market. I wanted to see the price tops $50k again and have a good momentum to much on the upside.

[philipma1957]

Bitcoin at this point is at a safe mode in the sense that the price is close to the 50k area even when it has already achieved the 50k price last week before falling back to below that price this week but in all Bitcoin has been stable in price throughout this week.

In my opinion though, there is no safe mode as per my experience, during the bull run of 2017, I said that the price won't go below $10k, but it did.

Although it looks very stable, the FUD gang might be just silently creating another news that might impact the market. I wanted to see the price tops $50k again and have a good momentum to much on the upside.

Too dark bro.

[anggoro manise]

How did you know that there's still a possibility for Bitcoin to pump after I saw the charts from $50k down to $47k within two days? It's more likely a trap for me if you ask, just like what the other's said. I don't see any signs of stability on that market, everything is moving up and down. It's just like traders like to dump after reaching $50k and has no plan to hodl anymore.

And to be honest, I'm hoping that it would continue to pump after reaching $50k but it seems that the hype is almost over after it went down.

still relatively stable if the price of bitcoin drops from $50k to $47k. I say so because it is a session of altcoins to pump. It's only natural that the price of bitcoin goes down. look at the movement of each coin, not only the movement of bitcoin, but also the impact of the decline in the price of bitcoin. I still believe we will still profit if we buy bitcoin at $50k. but we must also be able to take advantage of the opportunities and the up and down of all coins. because it won't take long.

[Kemarit]

We've past 200 day average but it has a gravity to it, we have to at least confirm price action as remaining above on daily and weekly bars.   Thats part of why we pull back now though it appears as weakness right now its also nessecery to gain higher prices later over longer time frames.

This is just a pullback that soon will recover, this has been the trend and since we are not able to sustain the level of $50k, this is more likely expected to happen. We’re still on a good trend on a good indicators, if time allows we might go for the last quarter on a good price and beside, ghost month is about to end and I expect September will be a great month again for cryptocurrency.

Pull back is over, the price has recovered in the last 24 hours with a 3%++ jump as bitcoin future expiration settlement is completed yesterday.

So yes, we are in a good trend again and the bull run has resumes, so I will not be surprised to see the price jumping to $50,000 again in no time. And then entering the last quarter will a full bullish sentiments and then taproot in November. Everything looks bright.