Will $50,000 be the resistant price?

[stomachgrowls]

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.

Only swing or short traders would really be selling on that point and seeing that price level which does have big sell order which i dont really see this resistance to be break anytime soon but

lets just not put aside the possibilities about sudden breakouts which did happen countlessly on this market.So everything is always on the watch and only to those people who do took

risk will really be getting advantage or profits once the market had really showed some good movement. Resistance level is on +10000 increment which considered to be always on that point.

[kotajikikox]

Yes, it's the resistance price, it's same as the last time when it was bitcoin's first time arriving at that price point. For me, there's times that it will go back but at the same time it also means that bitcoin's going to go up much more because the harder the resistance the greater the pump.

Then why does Bitcoin did not make a Going to up much since the 50k resistance was broken weeks ago? proven that bitcoin harder to make that high yet dumped again below after 3 days?
there is no proof that if the resistance is hard to take meaning there will be a great hype as this had been shown many times before.

[gabbie2010]

Yes, it's the resistance price, it's same as the last time when it was bitcoin's first time arriving at that price point. For me, there's times that it will go back but at the same time it also means that bitcoin's going to go up much more because the harder the resistance the greater the pump.

Then why does Bitcoin did not make a Going to up much since the 50k resistance was broken weeks ago? proven that bitcoin harder to make that high yet dumped again below after 3 days?
there is no proof that if the resistance is hard to take meaning there will be a great hype as this had been shown many times before.

The price briefly just touch the resistance at $50K and retraced, I think the resistance was a strong one with reference to daily timeframe of BTC/USD there had been renouncing off that resistance in the past, however with some positive fundamental news e.g adoption of bitcoin by a reputable and well known organization, massive buying by the 'whales' might trigger the bullish sentiment to break the strong resistance else the price might continue to range back and forth movement between $46K to $49K. I hope the price would not dump to the support at $40K else the chances of the price hitting the $60K or more before the end of the year wouldn't be realistic because we are already in the last quarter of the year.

[Silberman]

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.

You need to understand that even if the price of 50k is in theory not special at all at the same time psychologically speaking it is really difficult for people to ignore a level like that so it is proving to be difficult to break, many people are also predicting that the price is going to go down and this means that they are selling their coins making more difficult to overcome that level, but sooner or later we will do it and as such I am not really worried about what is happening in the market.

[lixer]

Only swing or short traders would really be selling on that point and seeing that price level which does have big sell order which i dont really see this resistance to be break anytime soon but

lets just not put aside the possibilities about sudden breakouts which did happen countlessly on this market.So everything is always on the watch and only to those people who do took

risk will really be getting advantage or profits once the market had really showed some good movement. Resistance level is on +10000 increment which considered to be always on that point.

I do believe that 50k is a psychological breaking point and not a real resistance point, we could pass that a lot easier if people just believed that we could but whenever we reach those levels people at as if that is the most amazing achievement and we could not do more and this is it. In reality that's not a big achievement, we are at 47k right now, that is just like 5% increase or something, maybe a bit more.

We should not be really getting super excited about an increase that is not even 10%, so how come then price drops as soon as we hit 50k? The first thing I said, people are acting as if 50k is a big deal when it is totally not a big deal at all, nothing different than 49k or 51k, 50k is same exact thing as those but people react differently to it.

[ReiMomo]

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.

If you see a sudden drop after a huge spike and then a stays calm at a level for quite some times, then yes that's the sign of ready to take off and the sign of not going back again. I mean, when the coin price stays at a level , it ill grow up in near future. When there is a huge demand, the price stays stable and grows up. This is what I have experienced. I hope BTC will again be at $60k to $65k by either October end or November 1 st week. Lets see.

[Lanatsa]

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.

If you see a sudden drop after a huge spike and then a stays calm at a level for quite some times, then yes that's the sign of ready to take off and the sign of not going back again. I mean, when the coin price stays at a level , it ill grow up in near future. When there is a huge demand, the price stays stable and grows up. This is what I have experienced. I hope BTC will again be at $60k to $65k by either October end or November 1 st week. Lets see.

What goes up will definitely goes down and this had been always or should a thing on most people heads on where they should anticipate on what would happen next and this had been a common behavior.

Once we do hit a particular resistance level then odds of some rejection or pullback is likely to happen unless if there are more positive triggers then it could really break the price without any problem.

Its just a matter of demand but if the market had been a bit quiet and movement are on gradual phase on a long time being then it is likely that it would really be having a hard time.

[LUCKMCFLY]

Many are speculating the price of BTC, the ETH Rally may have triggered more confidence in the investors, at this time any speculative-style assumption can occur, now in this article they reference the following:

Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?

The resistance is quite clear for Bitcoin. If BTC can break this resistance, a big impulse move is likely, comparable to the breakout above $6,000 in the earlier phase of this cycle.

Source: https://cointelegraph.com/news/is-ethereum-s-rally-signaling-the-next-bull-market-phase-for-bitcoin-above-50k

For now the most psychological price is $ 50k, and it is very close to being reached, some of the investors are seeing that through BTC it gives them more confidence to enter all the alts, in this case ETH is the second most important currency after BTC.

[STT]

There is an area of resistance (former volume greater then daily trades) not a singular price & also a measure of momentum + pattern trends that result in our failure to move upwards through 50k.  It has to be a combination of all these factors I believe hence why we swing about so much and it ends up being so confusing but the world is a big place and nothing is traded quite like BTC on every second of the day even FOREX prices arent actively altering trade in that way so this is unique.
   Here is my view of current action in a more macro view, its only weekly bars but I prefer the birds eye view without the constant noise of over reactions:


From what I know of any market is weekly bars will take precedent over small time frame considerations so I repect the largest common pattern I can find and the more points we touch in this pattern the greater its significance.   So the uptrend was important, for 5 full weeks we resolved to rise higher thats really bullish but we are outside that trend now.  So I've drawn in the negative trend and Im very interested now to find out if we hold this declining ceiling till we bump our heads and fall in a more negative way.   200 day average underlines our recent lows but not the close, hence mostly we can say we go sideways.

[Jating]

Many are speculating the price of BTC, the ETH Rally may have triggered more confidence in the investors, at this time any speculative-style assumption can occur, now in this article they reference the following:

Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?

The resistance is quite clear for Bitcoin. If BTC can break this resistance, a big impulse move is likely, comparable to the breakout above $6,000 in the earlier phase of this cycle.

Source: https://cointelegraph.com/news/is-ethereum-s-rally-signaling-the-next-bull-market-phase-for-bitcoin-above-50k

For now the most psychological price is $ 50k, and it is very close to being reached, some of the investors are seeing that through BTC it gives them more confidence to enter all the alts, in this case ETH is the second most important currency after BTC.

Been breached today, above $50k, so lets see how it will maintain this price, either we sustain or we will have another minor dip after this big psychological hurdle has been attained again.

I doubt that Ethereum is signalling this rally, on the contrary it should be the other way around. We may have some good news today that prompted the market to rally to 5% increased in the last 24 hours.

[Yaunfitda]

^^, Yes cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.

The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.

[$crypto$]

^^, Yes cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.

The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.

In august it has hit a good value, bitcoin continues to move but it will start slowly but after returning to $47k and we see a small pump will start so I assume that in this month it will be $10k value until the end of the month and be the target $60k, we continue to test how bitcoin will become resistance and correction with various others, but I see an opportunity so confident ATH will be reached soon.

I don't care this bot trading doesn't affect that much but the target has been reached for sure the value will increase again so they have bought with confidence it will be $60k later.

[justdimin]

cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.

The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.

It is really a big of a trouble not when bots start to end up selling off but when there is a huge increase in bitcoin and people start using high leverage, like as much as 150x leverage to say bitcoin will keep going up, because if it goes down to like 49k or under, then there is a lot of liquidity coming into play that turns their bitcoin into USDT to pay for it and that causes a big sell off chain reaction and makes everyone sell.

This is the main problem that bitcoin price increase has and I believe same could happen now as well. I believe that we need to go way beyond 55k+ to feel a bit more at ease about 50k, as we can see it drops under and goes over constantly and that is why there is a big risk we are taking right now.

[Dhaniii]

^^, Yes cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.

The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.

I predict currently bitcoin is still very weak or still difficult to move above $50k. many barriers to breaking above $50k in a few weeks. I see currently the issue that can affect bitcoin being able to penetrate above $50k is very quiet, only some local information is still optimistic about bitcoin's growth. so I'm concluding that for a few weeks it will continue to last between $48k to $50k.

[ivankoh]

I think there have been calm moves that can identify Hodl's trend in strength.  The first signals of September identified a reversal from the same period in the past.  And I guess we'll cross the $50k cloud sooner in the next few days.  An entirely different fragmentation and structure change this year could signal a historic super cycle.

Source: Cryptoquant
I am bullish on these powerful indicator lines

[Fesatmas]

No one can really be sure of staying above $50,000 after that, as Bitcoin going on a break before the end of the year could possibly break above $60,000. At least it could hold between $45,000 and provide a much stronger boost. Almost all are carried away by price emotions and altcoins are also having a pretty good impact. Seeing the top 10 at CMC looks quite refreshing to the eye.

[xypos]

For sure seems like it.

However I am not that fussed about it. It's just going to be another short term resistance that we will break through sooner or later.

I think that there is still a bit of gas left in the tank for this bull run to continue despite the popular sentiment that this is the beginning of the end for the 2020-21 bull cycle.

Just keep on holding for the long term, dollar cost average, and you'll be rewarded handsomely.

[wajik-tempe]

I feel like 50k is a very strong resistance for bitcoin since it's a "checkpoint" price where people easy to remember and it's already high enough for now.
So, it's time for altcoins to rising because bitcoin will be sideways on 50k position for a long time.
My prediction bitcoin will just move around 45k - 50k, if it breaks $50k i'm sure it will create a world hype again just like before and many people starting back to invest and it probably create a new all time high

[ethereumhunter]

After reaching $50k yesterday, the bitcoin price is now back to the $48k price level. I wonder if the correction will come again since we are almost at the weekend. We already see $50k, so we can see that price again in the next week. Hopefully, this month will be the time for bitcoin to back increase and stay above $50k and even it will have a chance to increase more than $55k. Just hold your bitcoin and accumulate if you still have more funds and wait for the price increase.

[Yaunfitda]

^^, Yes cmc shows the price at $50,045,00. But I'm still not confident though that we still have the push to go to $51k-$52k, although the volume is good, but for sure trading bots are going for a sell-off when this barrier is reached.

The good thing is that we still have a full month to get over the $50k. So let's test it again throughout this month, if there is just one positive news then $60k is possible at the end of the month.

In august it has hit a good value, bitcoin continues to move but it will start slowly but after returning to $47k and we see a small pump will start so I assume that in this month it will be $10k value until the end of the month and be the target $60k, we continue to test how bitcoin will become resistance and correction with various others, but I see an opportunity so confident ATH will be reached soon.

I don't care this bot trading doesn't affect that much but the target has been reached for sure the value will increase again so they have bought with confidence it will be $60k later.

Trading bots can only affect if the users have set their selling value @$50k, but once it was hit then the price could go down and that's what we've seen in the last 24 hours. Not only those who uses bot, but maybe some speculators as well.

But when we are in a bullish sentiments, it doesn't matter and it won't affect the price that much as you have said. Now, I've seen the price is attempting to breach $50k again. Maybe in the next 4 hours it will, so let's see how it goes and how the traders will react again.