Will $50,000 be the resistant price?

[Jating]

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.

It's just another round numbers, but sometimes we consider it a big one, psychological that it takes sometime before we broke it and sustain.

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

Doesn't matter if altcoins are rising, it's easy for them to go up in a day by 10%-20%, that's how it is. But they could only influence the price of bitcoin that much. Bitcoin is still the prime mover of crypto, so whatever direction it moves, altcoin follows.

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[Oasisman]

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.

That's kinda normal. Bitcoin market has been moving that way for quite a long time especially when we're looking ata strong resistance. Every time Btc hits close to $50,000 short traders tends to sell it and then accumulate during short pullbacks.
But I guess it would be different now that Btc just broke the $50,000 barrier and is currently trading at $50,200+. If Btc will sustain the $50,000 level even for a week, there will be a huge chances for Btc to make another run and break another ATH at the same year.
Nevertheless, everyone in crypto space has been bullish with the current Btc run.

[STT]

Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength.   Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
  Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH

[Woodie]

Think of 50,000 has being the equilibrium where buyers and sellers are all matched up but seeing less activity here there is indecision but looks like its slowly going over this price we might say sellers are losing this battle and we might need to look for a new potential area of resistance  maybe $60k or $64 areas where price crushed hard here and this is going to make or break our hearts.

[Fesatmas]

Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength.   Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
  Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH

The impact for altcoins has indeed been quite unstoppable, as I trade Cardano it has clearly soared on a very fine scale. This is profitable for me and all altcoin traders. Thus caution for altcoin traders must also be considered. Breaking through the $50K mark and some time into the future means there's a chance the altcoin may have a boost for some time. Not on a massive scale of the increase, but relatively balanced between increases and decreases.

[kayiboyu]

It really seemed like Bitcoin price was going to have a very big difficulty in breaking this resistance level and it was going to start going down again. The price went down to $46k in this period. However, the price managed to hold onto there and started recovering. After breaking the $48k and $49k resistances, the next one was $50k. But Bitcoin was still confident about it too and now we are seeing it at $50k again. Now, the new target is $55k and it is achievable in not much time.

[Lanatsa]

Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength.   Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
  Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH

The impact for altcoins has indeed been quite unstoppable, as I trade Cardano it has clearly soared on a very fine scale. This is profitable for me and all altcoin traders. Thus caution for altcoin traders must also be considered. Breaking through the $50K mark and some time into the future means there's a chance the altcoin may have a boost for some time. Not on a massive scale of the increase, but relatively balanced between increases and decreases.

Not a sure thing because whenever bitcoin do make out some rally or some price increase or bullish movement then most of the time, alts do really been dragged off but it isn't an assurance because
there are indeed situations that it could go to opposite.

This is why when you are a trader then there are lots of possible factors that would affect on breaking resistances and decisions will really be varying into your knowledge.

Now we are hovering on 50k and stay up on there and didn't tend to have some pullback and lets see if it would push through 55k onwards.

[TravelMug]

Its more complicated then that usually as a ratio anyway, alt coins actually trend downwards with BTC strength.   Only when BTC releases some of its momentum and stops rising so fast then alt coins tend to boom in fairly bonkers ways, volatile and not as long term hence often far more rapid.
  Right now BTC is trending above the weekly average, I see this as quite strong and possibly price action will prove itself as climbing the rungs to reach back to ATH

The impact for altcoins has indeed been quite unstoppable, as I trade Cardano it has clearly soared on a very fine scale. This is profitable for me and all altcoin traders. Thus caution for altcoin traders must also be considered. Breaking through the $50K mark and some time into the future means there's a chance the altcoin may have a boost for some time. Not on a massive scale of the increase, but relatively balanced between increases and decreases.

Not a sure thing because whenever bitcoin do make out some rally or some price increase or bullish movement then most of the time, alts do really been dragged off but it isn't an assurance because
there are indeed situations that it could go to opposite.

This is why when you are a trader then there are lots of possible factors that would affect on breaking resistances and decisions will really be varying into your knowledge.

Now we are hovering on 50k and stay up on there and didn't tend to have some pullback and lets see if it would push through 55k onwards.

Another minor pull back has happened, the last price that I've seen is around $50,800 and I thought that we can go pass $51k, but it's too much as we have traders again this weekend selling $50k to take home some profits. Nevertheless we are still green in the last 24 hours.

Although it is already weekend, we might see the volumes going down, I think we can still break that $50k again in the next 2 to 4 hours timeframe. Asian market is alive so it might push the price at least to $50k again.

[Kong Hey Pakboy]

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.

Probably a lot of people might've taken some profit when the prices reached that point, nothing wrong with that cause it's a normal thing to do. That's what I am doing, hodling and slowly accumulating bitcoin so when the prices started going up really nice, I have a lot of profit.

[peter0425]

It really seemed like Bitcoin price was going to have a very big difficulty in breaking this resistance level and it was going to start going down again. The price went down to $46k in this period. However, the price managed to hold onto there and started recovering. After breaking the $48k and $49k resistances, the next one was $50k. But Bitcoin was still confident about it too and now we are seeing it at $50k again. Now, the new target is $55k and it is achievable in not much time.

It was already broken mate and still sitting on that price now, the last time we reached 50,000$ value , bitcoin stays for 3 straight days but never stand strong.
maybe this come to be taking now, as the price is not not dumping again and seemingly altcoin is also being pushed.
51k is on the way and that is the start of 55k breaking .
the next target must be 55k to run down that 60k level one more time this year.

[BITCOIN4X]

Currently the bitcoin price is only around -23% from its high ATH in May. Having previously dropped below $30K, today we see the price almost hit ATH earlier. $50K is support which I don't think is strong enough at the moment and it's still possible to go back down. But as long as the market is not influenced by a strong FUD, the resistance above it is still possible to break because so far the bitcoin price has continued to improve from week to week in the last 2 months.

[ultrloa]

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.

Probably a lot of people might've taken some profit when the prices reached that point, nothing wrong with that cause it's a normal thing to do. That's what I am doing, hodling and slowly accumulating bitcoin so when the prices started going up really nice, I have a lot of profit.

We can't say that's happening but maybe there are few since we see some slow movements downwards compare to upwards so I believe many are still holding there bitcoins at the moment since same as I they also speculate to see more price hike as the potential to reach up at $55k or even $60k is now reachable as bitcoin already reached to its what people called at resistance price. Now since bitcoin is now is playing cool at $50k then this is a good sign for good future.

[OrangeII]

looks like bitcoin price is still trying to stabilize at $50k. for now I'm still referring to the analysis that was on cointelegraph a few hours ago.
I also think that the price of bitcoin may be resistant in the $50k range. Even though the bitcoin price is currently below that, I think it's very slim to reach the $50k price again, and I think, in the near future, it will return to the $50k range.
However, if the price goes down, it's likely that the bitcoin price will stay in the $46k to $49k range again. Well, this cycle repeats itself several times.

Once again, I am still very interested in the current price increase. if the price is still positive going up this month, there is a high chance that we can see new ATH in the coming month.

Source from the basis of my predictions and speculations: Price analysis cointelegraph

[Silberman]

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.

The price is just a few dollars away from reaching 50k gain so while the resistance level is still there at the same time we are so close that it seems that we are going to break through it at any moment, the important thing is to know if the price is going to be able to remain above that level during a significant amount of time, because if that is the case then we could have a chance to try to target the previous ATH with the next growth we witness on the market.

[asrinur]

Bitcoin looks green at the moment as the price bounced above the $50,000 resistance level from a low of $49,000. However, a price above the $50,000 level can continue to increase the Bitcoin price to higher highs. Meanwhile, you should note that consistent price increases can encourage more buyers to join the market as bulls can increase their positions.

[tygeade]

Honestly I am feeling a lot more excitement over ethereum being near 4k level right now then bitcoin being over 50k. you know why? Because if they go down then they go down and there is nothing we can do about that, it is fine. However if they go up, before bitcoin reaches to ATH levels there is a chance ethereum could reach to all time high levels as well. With the gas fee as it is right now and all the things going on without any proper improvement on eth at all just yet, it is awesome that it is going up that much.

I believe that we will see ATH of ethereum broken very soon and that could have a ripple effect on all other coins as well. I have some ETH as you might imagine so that is why I am happy about it going up, but I also have bitcoin and ada and bnb and uni and cake as well so I am not happy about eth because I have just that, I have others too.

[bots1]

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 there is another sell-off, Bitcoin risks dropping to $35,000. It's still possible, after that Bitcoin will return to the $45,000 range and return to $55,000 then the buying will return again. I think Bitcoin will touch $65,000 in the next three months.

[Shasha80]

Bitcoin looks green at the moment as the price bounced above the $50,000 resistance level from a low of $49,000. However, a price above the $50,000 level can continue to increase the Bitcoin price to higher highs. Meanwhile, you should note that consistent price increases can encourage more buyers to join the market as bulls can increase their positions.

Finally this week Bitcoin managed to reach the price of $50k, now just waiting for Bitcoin to rise to the next resistance level at $55k.
With Bitcoin successfully reaching the price of $50k, this will certainly have a positive impact on the market,  it is likely that many
new investors will join. It looks like Bitcoin will continue to move up and I hope this month Bitcoin can at least return to the ATH price.
If Bitcoin manages to return to its ATH price, the $100k target price that many people predict will be reached by the end of this year
could become a reality. My advice is to keep collecting as much Bitcoin as possible, because the price of Bitcoin will be more expensive,
so it will be very profitable to have a lot of Bitcoin.

[pooya87]

If there is another sell-off, Bitcoin risks dropping to $35,000. It's still possible, after that Bitcoin will return to the $45,000 range and return to $55,000 then the buying will return again. I think Bitcoin will touch $65,000 in the next three months.

There has to be a massive manipulation, even bigger than first time to be able to bring the price below $45k at this point. In other words I firmly believe that it was the last time we saw anything smaller than $45k.
But even if we consider the possibility of something like that, the recovery won't be fast. Keep in mind that dropping to $35k is not a simple drop, it is a huge crash and market doesn't just recover from a crash.

[kendedese]

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 there is another sell-off, Bitcoin risks dropping to $35,000. It's still possible, after that Bitcoin will return to the $45,000 range and return to $55,000 then the buying will return again. I think Bitcoin will touch $65,000 in the next three months.

now the biggest question is whether bitcoin can survive at the current level. as we know if several times bitcoin was thrown from the $50k level. if bitcoin can last long enough it will most likely attract a lot of investors to buy and the chance to break $64k wide open.