Here’s what traders expect now that Bitcoin price rallied back to $50K

[Slow death]

the resistance that is at $50500 is very strong to the point of having made the price have retreated to the support that is at $47000, fortunately it did not break below $46200, being able once again to try to rise that break the $5500, if the price to break the $50500 then the next big resistance will be at $52000 and with that we will see the price trying to break a new ATH, but it is worth bearing in mind that in this zone above $47000 it is where it seems to me that people are selling to get the profits thanks to having bought in the $30,000

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[Lucius]

I wouldn't expect those who have forgotten what happened 2 weeks ago to remember 4 years ago
It is not like this very same pattern is rare or anything, it is being repeated over and over and the weak hands react the same way by panic selling as soon as the FUD hits the fans. We had the "bitcoin can't stay above" topics lately all over the internet and yet bitcoin broke free of $30k prison... Then we went up 65% and some weak hands came back, so now they have to be stripped

So far I thought it was mostly beginners who are inexperienced and very easy to manipulate, but when I see just how many older members on the forum have completely misjudged the situation, I can’t help but get the impression that people just didn’t realize this is the most profitable year after 2017, and that every dip is a real gift that should be taken without any hesitation.

Sometimes I wonder what would have happened if most BTC owners were a little firmer and more resistant to FUD? And as for those topics "bitcoin can't stay above", they are mostly the product of our on-duty troll who claims to have mathematical and scientific evidence for it (from Russian and Chinese sources), and some have turned it into their game, for which I personally see no point.

In addition, we are already accustomed to the media, which at every significant drop in prices begin to predict some disaster scenarios, which of course do not happen in the end.

[STT]

Still rallying, still hesitating seems like.  I just its best we see each range of prices being traded more then a flat number like 50k being that important.   Theres a whole area of volume to work through to progress higher so probably wont be a simple take.     We have good momentum right now but I think the aggressive initial trend from the July bottom price is not there any more.

[palle11]

We have good momentum right now but I think the aggressive initial trend from the July bottom price is not there any more.

The bottom has actually disappeared from my view and now price is selling above $50,700 with more bull run on sight. The hourly chart has been defeated and price action still building up. Anytime the bitcoin bull start, it is better to look into the longer time chart for direction and from my perspective, I think we are going to see more highs by next and this moment from the daily and weekly chart formation.

[jaberwock]

So far I thought it was mostly beginners who are inexperienced and very easy to manipulate, but when I see just how many older members on the forum have completely misjudged the situation, I can’t help but get the impression that people just didn’t realize this is the most profitable year after 2017, and that every dip is a real gift that should be taken without any hesitation.

Sometimes I wonder what would have happened if most BTC owners were a little firmer and more resistant to FUD? And as for those topics "bitcoin can't stay above", they are mostly the product of our on-duty troll who claims to have mathematical and scientific evidence for it (from Russian and Chinese sources), and some have turned it into their game, for which I personally see no point.

In addition, we are already accustomed to the media, which at every significant drop in prices begin to predict some disaster scenarios, which of course do not happen in the end.

Unfortunately people like me who are here for long time, do not always make the greatest judgment neither because sometimes it is not in our character to be great at investment or money related stuff. I came into bitcoin not to make big investments and get rich, I came to it at first because there was a job chance and I was offered to be paid in bitcoin, that's how I met with bitcoin and ever since that day I have been doing exactly that, working and earning bitcoin.

I am not saying I am not investing or trading because I do that too but my main connection to crypto is working and earning it. So that means I have never been a great trader or investor and that's fine because that's not my main focus in crypto. This is why even some veterans make a lot of big mistakes as well.

[irsada]

On August 23 many traders and investors took profit at the price of $50k. but for now I think bitcoin's target is increasing maybe around $60k which indicates the market will be bullish again after a few days of correction.
this is the right moment for investors to add to their bags.

[Mahanton]

On August 23 many traders and investors took profit at the price of $50k. but for now I think bitcoin's target is increasing maybe around $60k which indicates the market will be bullish again after a few days of correction.
this is the right moment for investors to add to their bags.

As usual when we do bump on resistance it would only having two possible outcome neither it would really be having some breakout or would really be having some rejection and expect that
those 10k increments would really be considered to be tough resistances on which people do really anticipate and commonly putting up sell order on those levels which is something not
really surprising and this is why we can really presume that whenever we do really hit up these levels then its neither having that same impressions that it might be having a hardtime
or would able to pass it effortlessly.

[jakdanyel]

Breaking the $50k resistance again before having a dump was really critical and Bitcoin made it! Otherwise, we might have seen another boring period and the price would have started decreasing drastically. Now, this must be a sign for $55k and $60k levels consecutively. And after that a bull run must come to be able to see $100k at the end of this year in the worst case.

[ene1980]

Breaking the $50k resistance again before having a dump was really critical and Bitcoin made it! Otherwise, we might have seen another boring period and the price would have started decreasing drastically. Now, this must be a sign for $55k and $60k levels consecutively. And after that a bull run must come to be able to see $100k at the end of this year in the worst case.

We cannot expect the valuation to break the all time high valuation in a short period of time. Majority are expecting the market to be on the bullish trend till December before the major correction and if we pick up the momentum now what would be the price by the end of December, may be around hundred thousand. Whatever be the situation now, expect a few more minor corrections on the way before we break the all time high valuation.

[Oceat]

Breaking the $50k resistance again before having a dump was really critical and Bitcoin made it! Otherwise, we might have seen another boring period and the price would have started decreasing drastically. Now, this must be a sign for $55k and $60k levels consecutively. And after that a bull run must come to be able to see $100k at the end of this year in the worst case.

We cannot expect the valuation to break the all time high valuation in a short period of time. Majority are expecting the market to be on the bullish trend till December before the major correction and if we pick up the momentum now what would be the price by the end of December, may be around hundred thousand. Whatever be the situation now, expect a few more minor corrections on the way before we break the all time high valuation.

You really believe that we will see a $100k price before the year ends?

Most of these people claiming that Bitcoin would reach such $100k price before the year ends are in total BS talking because none of them wasn't so sure about their prediction they just go straight to the chart then draw a straight line on where Bitcoin would be headed during its bull run. But what I believe is that the ATH won't happen again because if it does I believe more investors should dig in already but it seems that most of them doesn't trust or they just really don't like how the decentralized crypto works.

If you look at the chart there's no one like Bitcoin to stay at $50k most of them are already dumping when they see a $50k. But if whales are very generous they won't hesitate to pump it faster to almost $60k but they don't because it's not worth it for them.

[cafucafucafu]

Bitcoin is “back in bull market territory”but traders warn that a retest of underlying support levels is bound to occur soon.

I think so as well.

$40k is probably going to be effective support though. Doubt people would be willing to let go of their coins below that level.

With so many major collaborations with the technology space especially there is no way that crypto is going to go back to the valuations that we saw a couple of years ago. The market has simply established and developed its resilience over time.

[Kemarit]

Bitcoin is “back in bull market territory”but traders warn that a retest of underlying support levels is bound to occur soon.

I think so as well.

$40k is probably going to be effective support though. Doubt people would be willing to let go of their coins below that level.

With so many major collaborations with the technology space especially there is no way that crypto is going to go back to the valuations that we saw a couple of years ago. The market has simply established and developed its resilience over time.

Yeah, that's the safe price, but the first support should be in the range of $43,000-$45,000. And it seems we are not getting to that price, again because that is the first line of support.

Another day to break $50,000 and remain there, we have a good rally and almost reach $51,000, but it wasn't sustainable as least at the current flow of money and trading volumes. Let's say this weekend will be on sideway pattern, and hopefully we can start fresh on Monday.

[Kong Hey Pakboy]

On August 23 many traders and investors took profit at the price of $50k. but for now I think bitcoin's target is increasing maybe around $60k which indicates the market will be bullish again after a few days of correction.
this is the right moment for investors to add to their bags.

If the traders take profit again this time, we might not see bitcoin breaking through 100k because it's always getting taken aback because a lot of people are selling, hopefully it won't be the case for this time and we get to have more people hodl this time and wait for at least some time to take profit again.

[traderethereum]

On August 23 many traders and investors took profit at the price of $50k. but for now I think bitcoin's target is increasing maybe around $60k which indicates the market will be bullish again after a few days of correction.
this is the right moment for investors to add to their bags.

If the traders take profit again this time, we might not see bitcoin breaking through 100k because it's always getting taken aback because a lot of people are selling, hopefully it won't be the case for this time and we get to have more people hodl this time and wait for at least some time to take profit again.

When the traders can profit at $50k and can buy at a lower price, their target sell price will be increased and not at $50k anymore, but it could be at $51k-$55k or even their target price be at $60k.
It is exciting to see bitcoin price can back to the higher price of $50k and hopefully, the price can still stay at this price and in the next week, the price can increase more than the price now.
Yes, we might see another bull run for bitcoin price and rise to the high price and we could have the next ATH this year.
Hopefully, this month will be the month for us to make a big profit again.

[buwaytress]

Yeah, I'm on for support at 43k as Kemarit says, breaking that decisively would shear back my expectations, unless a quick rebound back to 50k happens within the week after that.

Still plenty of time to see if we don't get past 52000 by Sunday close though. Keep the popcorn coming.

[asrinur]

Bitcoin is now at one of its last major high timeframe resistances after experiencing a dip a few months ago. Once bitcoin is able to break through this $50k resistance, there will be little resistance ahead until the old all-time high is hit again in the near term. However traders should be on the lookout for a possible move to $45k, while a break and close above $50k could lead to a rally to $55k.

[hatshepsut93]

IMO the market is in very undecided state now. On one hand the rate of growth has slowed down, and when that happens a downside movement becomes quite likely. On the other hand, Bitcoin just established itself above the psychological $50,000 level which is quite bullish. I think it's very likely that there will be a bit more upside movement, maybe $53-54,000, and then a new test of support.

[Jating]

IMO the market is in very undecided state now. On one hand the rate of growth has slowed down, and when that happens a downside movement becomes quite likely. On the other hand, Bitcoin just established itself above the psychological $50,000 level which is quite bullish. I think it's very likely that there will be a bit more upside movement, maybe $53-54,000, and then a new test of support.

Probably there is a lot of liquidation going on when we touch base the psychological $50k level that's why it seems that it's not gaining momentum and somewhat slow down. And it seems that there is a tug of war on both direction.

But we are still in the bullish phase, just very slow though and grinding everyday. Nevertheless, once this run goes again, $53k-$54 could be slice like a butter. Meaning it won't stop and those barriers and resistance line will be broken easy.

[CaVO32]

Bitcoin is now at one of its last major high timeframe resistances after experiencing a dip a few months ago. Once bitcoin is able to break through this $50k resistance, there will be little resistance ahead until the old all-time high is hit again in the near term. However traders should be on the lookout for a possible move to $45k, while a break and close above $50k could lead to a rally to $55k.

Any possibility can really happen in this market. And everyone should be ready for what is to come, whether a lil bit of decline or going up. We can also exercise scalping to get small profits while waiting for the seemingly bullish run again. Wondering where are those people who were speculating bitcoin to go down as low as 20k, because the opposite happens in the market.

[Kusman]

I think that the most of the traders are expecting to see the price at 100k dollars by the end of this year. After seeing that the price has reached 50k dollars, they believe that we will see a bull run also. And I'm one of them too actually. In the worst case, I expect a bull run starting in late October. After that, everybody will be eyeing Bitcoin about what level it will manage to reach until the end of the year. I wonder if PlanB will predict the price correctly in this year.