Will $50,000 be the resistant price?

[nelson4lov]

$50,000 price level is a resistance-turned-support-turned-resistanc and its a key price to keep a close eye on. At the moment, Bitcoin has been trying to break pass the resistance at that price level and so far so good, it hasn't been successful despite making multiple attempts to get pass it. Like I said, we just have to keep an eye on that level. If price passes $50K convincingly, I'll trade the breakout and open a long order just immediately after.

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[CaVO32]

$50,000 price level is a resistance-turned-support-turned-resistanc and its a key price to keep a close eye on. At the moment, Bitcoin has been trying to break pass the resistance at that price level and so far so good, it hasn't been successful despite making multiple attempts to get pass it. Like I said, we just have to keep an eye on that level. If price passes $50K convincingly, I'll trade the breakout and open a long order just immediately after.

I think, if we will hear one great news, we will surpass the $50k level very easy. But right now, it is already doing good as we surpassed the 45k and it is keeping afloat more than this range. What we can do while waiting for the rise is think of ways how to improve our portfolio and be ready for the bullish run of bitcoin. If we will just wait, we may not be prepared once the market is going green again.

[ene1980]

I think, if we will hear one great news, we will surpass the $50k level very easy. But right now, it is already doing good as we surpassed the 45k and it is keeping afloat more than this range. What we can do while waiting for the rise is think of ways how to improve our portfolio and be ready for the bullish run of bitcoin. If we will just wait, we may not be prepared once the market is going green again.

I do see that in a different aspect, i do not consider $45k as the best time to invest. Everyone had many opportunities to invest in Bitcoin for a long time and if you did not take that opportunity then you need to wait for the market to settle down before making investment decisions. I usually do not invest during a bull run and our bull run started a few months back and i have booked my profit during its run and when we had a minor correction i once again entered the market and now watching the market to make my next move rather than planning to invest now .

[STT]

Its not 50k itself but that rough area yes has some prior volume accumulated, just stick to weekly bars and it should be possible to draw a horizontal line across all the closing prices this year that matches a common closing area.  That makes it a speedbump I'd guess.
  The Sunday high and quick reversal from that point was some tell of negatives still ongoing in the price I think.  It forms a lower high over some days and fits resistance existing in this area still .   The chart trend I put in has us closing the weekly price below previous gains sequentially since late July.   Once we lose a trend upwards it can take some time to appear into a decline but generally I expect it to pullback.  

[peter0425]

There is almost the same topic created last week in which talks about the same conversation here >>>>>>>>>>>>>

https://bitcointalk.org/index.php?topic=5356238.0

Best to lock this and participate on that thread to lessen the spam in the same board in which both are running with almost same posts coming.

but 50k was not the resistance because this has been broken couple days ago.

[STT]

but 50k was not the resistance because this has been broken couple days ago.

Prices are broken all the time, but does it hold and for what duration.  Some people watch prices on hourly bars, some daily, weekly even monthly.   If it trades above 50k and then reverses back down even on a weekly, that could easily be considered not at all bullish.   Depends on your perspective, I dont think 50k resistance has been disproved thus far.   Price action has more work to clear the way, I think thats my take for the rest of the year till I can see different in the chart.

[Rajamuda]

One of the reassuring factors is that when we are able to hold on for the long term, not only aiming at $50k of course as a profit point, there are many other opportunities when it starts to leave the value of $50k. Those who set the point at $50k...maybe they are in the short term.
I'm sure more people will say that Bitcoin will be even more powerful after this, and perhaps a new history of its price will be created.

[traderethereum]

These situations can confuse us to determine where the price will go because sometimes, the price can be at $48,000 and at the other time, the price can be below $48,000 and we see the price now reach $47,913.
We never know that the price can back to up to $48,000 or even $49,000 but I am sure we believe that sooner or later, the price will break every barrier to go to the high price.
The resistant price can move to any price, especially if the price is going up or down, making us need to analyze deeper to find out more.
But the chance for the price to go back up to $50,000 is still there and only waiting that we can do right now while we can also accumulate more bitcoin every time the price is down.
Once the price reaches $50,000, people will take their profit and wait for another correction or sell at many high price levels.

[ancafe]

Well, when the bitcoin price hit $50k a few weeks ago, I also thought that it would last. in fact there was a price correction that pushed the bitcoin price back below $50k and reached its current price.

however, I'm still pretty sure the bitcoin price will hit $50k, even higher. The reason is quite simple, at the end of this year, I am sure that quite a lot of investors will look at bitcoin. even when Elon Musk glanced at bitcoin and doge, there are now enough companies that accept bitcoin, even Paypal do that. Well, that's the basis of my thinking that the bitcoin price could hit $50k, and be even higher in the future.

[jakdanyel]

Last night, we saw Bitcoin price at $46.8k. It is having a big difficulty in fighting back against the $50k resistance level recently. If it goes on like this, it seems very probable that Bitcoin price can continue to decrease. To  be honest, I wasn't expecting $50k resistance as unbreakable for a long time. I wonder if there is a specific reason now. I guess people are still demanding Bitcoin a lot considering the possibility of reaching $100k this year.

[Tellek Garing]

To  be honest, I wasn't expecting $50k resistance as unbreakable for a long time. I wonder if there is a specific reason now. I guess people are still demanding Bitcoin a lot considering the possibility of reaching $100k this year.

I am expecting anything to happen but I know bitcoin will not decrease below $20,000, it isnalsobvery possible that the price can get to/$100,000, bit with what is happen now, this may not be possible this year, bitcoin still have a time to get above $100,000, we shluld be patient. Bitcoin increased to $47,400 today, let us see what will happen next.

[Reatim]

To  be honest, I wasn't expecting $50k resistance as unbreakable for a long time. I wonder if there is a specific reason now. I guess people are still demanding Bitcoin a lot considering the possibility of reaching $100k this year.

I am expecting anything to happen but I know bitcoin will not decrease below $20,000, it isnalsobvery possible that the price can get to/$100,000, bit with what is happen now, this may not be possible this year, bitcoin still have a time to get above $100,000, we shluld be patient. Bitcoin increased to $47,400 today, let us see what will happen next.

there is a very tin line that Bitcoin will down fall back to 20k below unless there is a much shittest phenomena that will happen again more than Pandemic of 2019.
50k is near to come again , we have been on that trend last week and now playing at 46-48k so at any chance this will be broken again.

One of the reassuring factors is that when we are able to hold on for the long term, not only aiming at $50k of course as a profit point, there are many other opportunities when it starts to leave the value of $50k. Those who set the point at $50k...maybe they are in the short term.
I'm sure more people will say that Bitcoin will be even more powerful after this, and perhaps a new history of its price will be created.

you must not buy at that level if you are aiming for short term lol.

this will be a failure on your part as 50k is the barricade now.

[Wawa2013]

Well, when the bitcoin price hit $50k a few weeks ago, I also thought that it would last. in fact there was a price correction that pushed the bitcoin price back below $50k and reached its current price.

however, I'm still pretty sure the bitcoin price will hit $50k, even higher. The reason is quite simple, at the end of this year, I am sure that quite a lot of investors will look at bitcoin. even when Elon Musk glanced at bitcoin and doge, there are now enough companies that accept bitcoin, even Paypal do that. Well, that's the basis of my thinking that the bitcoin price could hit $50k, and be even higher in the future.

Even though Bitcoin is still under $50k right now, this is only temporary. Because I agree with your prediction that Bitcoin will reach a price
above $50k in the future. That's something that really doesn't need to be doubted, if we look at the popularity and demand for Bitcoin continues
to increase. This means that Bitcoin will continue to rise in price, we must not forget that the price of Bitcoin has reached the ATH price
5 months ago. So for the Bitcoin price to rise again above $50k it is not a difficult thing to achieve, but we do need to be patient to wait for
this to happen. Sometimes Bitcoin does need to be corrected several times before it can go higher, I even believe in this year Bitcoin can reach
another ATH.

[lepbagong]

Last night, we saw Bitcoin price at $46.8k. It is having a big difficulty in fighting back against the $50k resistance level recently. If it goes on like this, it seems very probable that Bitcoin price can continue to decrease. To  be honest, I wasn't expecting $50k resistance as unbreakable for a long time. I wonder if there is a specific reason now. I guess people are still demanding Bitcoin a lot considering the possibility of reaching $100k this year.

it seems not only last night that bitcoin experienced this, bitcoin has broken through $50K several times but finally had to go down again, this seems to have become a natural thing for bitcoin if there is no movement to continue to penetrate $50K, it will happen like that. but if the upward momentum has occurred then there can be no holding back and bitcoin will continue to move up past price resistance and will be able to reach renewable ATH.

it looks like it hasn't happened yet, estimates that bitcoin will start moving when it enters Q4 which will soon begin, we are waiting to see if it is true that bitcoin is able to do that because if it doesn't happen, then reaching its best price this year could be delayed. but it's also very unlikely, I agree with you that $100K is likely to be reached by the end of this year.

[Oasisman]

but 50k was not the resistance because this has been broken couple days ago.

Well, I guess it is now since Btc have a hard time bouncing back to that level.
Even If breaks $50,000 again, I doubt there will be another short pull back down to $46,000.
As per CMC Btc had a $50,000 day high once and didn't touch to that level again.
Infact, $50,000 could be considered as strong resistance.

[LogitechMouse]

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Well, it seems that it is right now the strong resistance of Bitcoin.

Bitcoin tried once to go above $50,000 but got rejected immediately forming a false breakout. Now Bitcoin is at $47,000 and I think that it will move sideways for a few weeks between the $40,000-$50,000 price range. It really is hard to predict where it will go but as long as Bitcoin remains above the 21 Weekly Moving Average, the bulls are still in control of the market.

[wheelz1200]

When bitcoin price was rising, I was thinking it will not rise above $50,000, $50,000 is like the resistant price for now, the price falled back the way I was expecting it to be, but the price of bitcoin has been increasing and decreasing within $47000 and $50000, this makes me to be confused of where the price is going to.

What can you suggest what will be the next bitcoin price, is it going above $50,000 or will draw back. I am having the mind that some people buy bitcoin already, but they have set the take profit at $50,000, this can result to the price of bitcoin not to go more than $50,000. Give me your reasons of your prediction with convincing factors.

$50,000 might be a psychological barrier but just like when it jumped to 60k if there is enough rally behind it 50k won't last all that long.  I don't think we will see a run up in the short term as the world sits and waits out the pandemic, unease still exists which I think is the major point of resistance right now.

[LUCKMCFLY]

In BTC the efforts to raise the price towards $ 50k are still underway, for now the bulls have not been able to do so, however the price level may continue to increase as they eliminate the offer between $ 48k- $ 50k, for now the price is around $ 47k:

A break and close below $42,451.67 will signal the start of a deeper correction. The pair may then correct to $36,670.

This negative view will invalidate if the price turns up from the current level and breaks above $50,500. Such a move could open the gates for a rally to $60,000.

Source: https://cointelegraph.com/news/price-analysis-8-30-btc-eth-ada-bnb-xrp-doge-sol-dot-uni-luna

Well the expectations for BTC are very high, it is expected that if it passes the level of $ 50.5k it is likely to see the price at $ 60k, that is something that is not bad, I hope that movement can occur.

[el kaka22]

Honestly looking like it really is. With the drop that we are seeing right now, we could easily say that it is definitely a resistance point, whenever we get near it, or get over it, there is a drop and looking like how the market is all red today, we could say that it is a bad day, not a lot it is just like 1% which could go up in an hour, but that doesn't mean that it was a good day. Hence I believe that 50k is definitely a resistance point.

However I do not see it as a problem, bitcoin faces resistance levels all the time and we end up breaking over it very easily, which means that we will go over 50k as well. I do not know when that will happen, but I know that 50k+ is a given and it will happen, 60k+ as well and even more, we know that it will happen and only thing we do not know about is when that will happen which is the big deal.

[Hippocrypto]

When bitcoin price was rising, I was thinking it will not rise above $50,000, $50,000 is like the resistant price for now, the price falled back the way I was expecting it to be, but the price of bitcoin has been increasing and decreasing within $47000 and $50000, this makes me to be confused of where the price is going to.

What can you suggest what will be the next bitcoin price, is it going above $50,000 or will draw back. I am having the mind that some people buy bitcoin already, but they have set the take profit at $50,000, this can result to the price of bitcoin not to go more than $50,000. Give me your reasons of your prediction with convincing factors.

That's expected on $50k people will be taking their gains at this certain level of predictions, to provide reasons I guess real time situation will always prevail. I couldn't give the precise value for now, I just go on with what everybody been taking of. Hopefully we will surpass $50k when market fully break the resistance.