Will $50,000 be the resistant price?

[lepbagong]

Bitcoin price failed to hold above $50,000 in the past week and dropped drastically. The price is now trading below $47,000. Bitcoin price is showing bearish signs below $45,000 and could even drop to as low as $42k if it fails to hold above $47k and $48k.

Yes, it's already in the +$41K range, which is quite worrying, even if it drops below $40K, I'm afraid that moving up will be difficult and will take more time.

It did drop to 42k but I don't see any problem with that because it's just another opportunity for me to buy more bitcoin and other altcoins that are going red right now because I know that after some dumps, we will see it go up again.

right, I agree with your analysis that usually after a decline there will be time to bounce back which bitcoin usually does. but there is also a feeling of worry if the price drops drastically, because it will take more time to catch up with it until it is expected at the end of this year. although still optimistic, it is still there.

yes it is your right to buy at any price, but you also have to be careful because the current bitcoin price still tends to decline. do not rule out after you buy the price of bitcoin again decreased. not forever after the dump the price will go back up because it could be that after the dump there will be another dump.

actually if you want to buy bitcoin at any price, you will not experience a loss, this is certain. although the price may go down again when you buy it. to remember that bitcoin has different characteristics because every 4 years a renewable ATH will be formed and whenever you buy it the price will certainly be higher than you buy. but if you want to make big profits, obviously buy when the price is the lowest.

[marine4u]

Candlesticks are on a different level as accumulation is common among market makers in the face of influence from China FUD and the Fed.  The day the green wick can break this level, and before that I remain optimistic that October will be the show of bitcoin and soon Taproot.  Bitcoin has shown readiness to Break Out past $50k next week, maybe the data will show a huge green candle

[Jating]

Candlesticks are on a different level as accumulation is common among market makers in the face of influence from China FUD and the Fed.  The day the green wick can break this level, and before that I remain optimistic that October will be the show of bitcoin and soon Taproot.  Bitcoin has shown readiness to Break Out past $50k next week, maybe the data will show a huge green candle

It has to go to $45k-$48k before going past $50k again. And it might take some time, hopefully the next 3 weeks will be very strong because we need to have a good bounce and recovery again after the September fall.

Currently we went from $42k-$47k, so it's a green candle already. So if we broke $48k, sustain it, then we will have a momentum to hit $50k in the second week. October historically as opposed to September, is very good as it is the start of the next bull run up to December.

[sujonali1819]

Currently we went from $42k-$47k, so it's a green candle already. So if we broke $48k, sustain it, then we will have a momentum to hit $50k in the second week. October historically as opposed to September, is very good as it is the start of the next bull run up to December.

Agreed with it. Even if BTC can hold $47k for a while/day I think we could see another leg up to $50k again. BTC was dump from 50k more than twice recently so I think if this time BTC can overtake 50k completely we can see a big move to 60k. Otherwise if again btc refused we could see again a big dump to 40k even lower than last time dump.

So I want to say Yeah $50k is a big resistance for btc right now and we can also see the new ATH after crossing this area imo.

[Vaculin]

Many speculations arise and we're not sure where we going...
https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-reclaims-technical-analysis-resistance-levels-btc-2021-10

The price of Bitcoin still moving in sideways, I've thought that after this correction pumps will come next, and yeah, were pushing back high again little by little but as I've said, this couldn't leave such confidence for the continuous momentum. Maybe I could say $50,000 will be the resistance level as I was expecting an increase in buying demand during this Christmas season.

[onecall123]

Currently we went from $42k-$47k, so it's a green candle already. So if we broke $48k, sustain it, then we will have a momentum to hit $50k in the second week. October historically as opposed to September, is very good as it is the start of the next bull run up to December.

Agreed with it. Even if BTC can hold $47k for a while/day I think we could see another leg up to $50k again. BTC was dump from 50k more than twice recently so I think if this time BTC can overtake 50k completely we can see a big move to 60k. Otherwise if again btc refused we could see again a big dump to 40k even lower than last time dump.

So I want to say Yeah $50k is a big resistance for btc right now and we can also see the new ATH after crossing this area imo.

You have my words. I'm fairly certain someone is shorting the market from a point substantially higher than it is at now. From my perspective, another leg up seems inevitable. In fact, the price has not even broken the daily structure yet. There is still a possibility of bearish price action. Yes, both possibilities remain.

[$crypto$]

Many speculations arise and we're not sure where we going...
https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-reclaims-technical-analysis-resistance-levels-btc-2021-10

The price of Bitcoin still moving in sideways, I've thought that after this correction pumps will come next, and yeah, were pushing back high again little by little but as I've said, this couldn't leave such confidence for the continuous momentum. Maybe I could say $50,000 will be the resistance level as I was expecting an increase in buying demand during this Christmas season.

Usually in the Christmas or holiday season, most people sell to do holidays but I didn't expect that to happen because the demand will always be high when the pumps occur.

Well, the resistance level at $50k is strong support given that it's now $47k but it will be a bounce where investors are ready to pump back to make up for $50k once this has passed then it will likely continue to make up for it to hit ATH at the end of the season.

But remember not to overdo it sometimes it will be a correction to the lower price and this will be fud news as the reason.

So I want to know what happens after the resistance at $50k.

[bitzizzix]

Many speculations arise and we're not sure where we going...
https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-reclaims-technical-analysis-resistance-levels-btc-2021-10

The price of Bitcoin still moving in sideways, I've thought that after this correction pumps will come next, and yeah, were pushing back high again little by little but as I've said, this couldn't leave such confidence for the continuous momentum. Maybe I could say $50,000 will be the resistance level as I was expecting an increase in buying demand during this Christmas season.

Usually in the Christmas or holiday season, most people sell to do holidays but I didn't expect that to happen because the demand will always be high when the pumps occur.

Well, the resistance level at $50k is strong support given that it's now $47k but it will be a bounce where investors are ready to pump back to make up for $50k once this has passed then it will likely continue to make up for it to hit ATH at the end of the season.

But remember not to overdo it sometimes it will be a correction to the lower price and this will be fud news as the reason.

So I want to know what happens after the resistance at $50k.

It's hard to predict and definitely where the bitcoin price will move, as it happened before 50k was just a moment and dropped back down.
as I said in early september there will be another decline even though the main target of 50k has been reached and to support the price to continue going higher, and it turns out to be the other way around because there is a sell-off that makes the bitcoin price turn things around.
and hopefully the current increase carries a positive scent after reaching 50k there will be a continuation towards the new ATH as most people predict by the end of the year bitcoin price will reach 100k whatever the reason.

[STT]

Time to look at the weekly bars coming into end of week.   We've bounced back but are at similar prices to a weekly trend thats continued since March.  4 of the last 6 weeks stopped around this trend, so looking for reaction to that process in a negative or positive resolution.



We're above weekly average and I think if we stay above 45k into next week thats going to lead to further attempts to break higher.  48819 is the last recent high for a nominal target.

[djgtr]

Resistance is 48590 and it has to be broken to reach 50K otherwise it may fall back to 45K. I think it will broke 48k$ and it will reach 50k$ to 60k$ because it is now trading above Pivot point so there is a possibility that we will soar up to 50k$,however we still need to wait and get some more details about it to avoid losing just used and amount that you can afford to loss for good.

[buwaytress]

Time to look at the weekly bars coming into end of week.   We've bounced back but are at similar prices to a weekly trend thats continued since March.  4 of the last 6 weeks stopped around this trend, so looking for reaction to that process in a negative or positive resolution.

We're above weekly average and I think if we stay above 45k into next week thats going to lead to further attempts to break higher.  48819 is the last recent high for a nominal target.

Fully expecting this to make it 5 out of 7 weeks. Great recovery, no doubt, amd nice to enjoy a weekend where the bulls are out, reminds me of August. But I feel like there just is not enough on the plate to go round til Monday to stay above the 45k level we desire.

Not that it dampens any Q4 ultimate end lines though. Cards are still (faintly) positive on a six-figure happy ending to the year.

[cryptomaniac_xxx]

Time to look at the weekly bars coming into end of week.   We've bounced back but are at similar prices to a weekly trend thats continued since March.  4 of the last 6 weeks stopped around this trend, so looking for reaction to that process in a negative or positive resolution.

We're above weekly average and I think if we stay above 45k into next week thats going to lead to further attempts to break higher.  48819 is the last recent high for a nominal target.

Fully expecting this to make it 5 out of 7 weeks. Great recovery, no doubt, amd nice to enjoy a weekend where the bulls are out, reminds me of August. But I feel like there just is not enough on the plate to go round til Monday to stay above the 45k level we desire.

Not that it dampens any Q4 ultimate end lines though. Cards are still (faintly) positive on a six-figure happy ending to the year.

Yeah, another weekend surprise, we have jump above $48k again, (another surprise), just the question on whether we can sustain it, as you have said, this is like August, wherein we really have a hard time breaking that $48k resistance, but we eventually did and lead us to $52k.

So let's see how it goes for October, Monday will be an interesting day to open the market above $48k levels and the whole week to close $50k at least.

[buwaytress]

Not that it dampens any Q4 ultimate end lines though. Cards are still (faintly) positive on a six-figure happy ending to the year.

Yeah, another weekend surprise, we have jump above $48k again, (another surprise), just the question on whether we can sustain it, as you have said, this is like August, wherein we really have a hard time breaking that $48k resistance, but we eventually did and lead us to $52k.

So let's see how it goes for October, Monday will be an interesting day to open the market above $48k levels and the whole week to close $50k at least.

And the expected Monday lack of follow-through right now, Asian markets not keen to take the issue further with Bitcoin even on a new trading month, Europe seems to be showing just the same lack of motivation. We'll find out in a few hours if the usual North American Monday fervour will side bulls or not.

Bitcoin network was remarkably empty over the weekend for me, was keeping a steady average below 3 tps. Wait and see mode.

[shield132]

Yeah, 50K is a resistance price right now. 1-2 weeks ago it was looking like the bitcoin market was bullish but somehow when it reached 50K, it significantly felt down. Then it was recovering and China did another shot again. Right now it's significantly recovering and will probably surpass 50K tonight but from my understanding 50K is the price some people don't want to see. Almost everything is done this way or another to just dump bitcoin and make it far from 50K USD.
But once it significantly surpass that level, there is nothing that will stop the further rise.

[lepbagong]

Yeah, 50K is a resistance price right now. 1-2 weeks ago it was looking like the bitcoin market was bullish but somehow when it reached 50K, it significantly felt down. Then it was recovering and China did another shot again. Right now it's significantly recovering and will probably surpass 50K tonight but from my understanding 50K is the price some people don't want to see. Almost everything is done this way or another to just dump bitcoin and make it far from 50K USD.
But once it significantly surpass that level, there is nothing that will stop the further rise.

it looks like your predictions will come true and it has been seen that bitcoin is eager to get back past the crucial figure so far at $50K. Entering the first week of Q4 it is expected that there will be an increase to pass $50K and not to fall again and hold for a while above $50K+, before finally increasing through the end of the year to reach renewable ATH.

keeping it from going down from $50K is certainly not easy for bitcoin, hopefully the many good news that have happened in the past few weeks will be able to bring some momentum to improvement from bitcoin, so there is no intention of going back below $50K after passing it, because that's when awaited by bitcoin.

[TravelMug]

Yeah, 50K is a resistance price right now. 1-2 weeks ago it was looking like the bitcoin market was bullish but somehow when it reached 50K, it significantly felt down. Then it was recovering and China did another shot again.

Right, we have good enough momentum when we reach $52k, unfortunately the Chinese FUD again and other negative news really dampen our hopes for at least $55k. But as they said, September historically is a bad month so the trend remains.

Right now it's significantly recovering and will probably surpass 50K tonight but from my understanding 50K is the price some people don't want to see. Almost everything is done this way or another to just dump bitcoin and make it far from 50K USD.
But once it significantly surpass that level, there is nothing that will stop the further rise.

We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.

[jaberwock]

And the expected Monday lack of follow-through right now, Asian markets not keen to take the issue further with Bitcoin even on a new trading month, Europe seems to be showing just the same lack of motivation. We'll find out in a few hours if the usual North American Monday fervour will side bulls or not.

Bitcoin network was remarkably empty over the weekend for me, was keeping a steady average below 3 tps. Wait and see mode.

It is expected for the price to lack that type of conviction on Mondays. We are used to seeing these lows, hell even weekends are normally that strong, it is the midweek and end of the week that usually sees a strong uprising. In any case, we are at 49k now and that is all we need, let it be like this for a while and it will be doing a lot better in the long run. It is now obvious that 50k is a resistance and the price breaking above that always gets down and trying to get over is it always difficult. Let’s try it again, we have done it multiple times so far and I hope to see it done once again very soon. I do not know when it will happen but it looks closer and sooner right now.

[stadus]

We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.

As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.

[carlisle1]

We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.

As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.

As long as there's no negative news while the market move upwards, the interest from new investors will come up.

So far it's moving good and we all see good market bounce, already reached $50K and still showing positive even it falls a little to $49,800.

If this continues, we are not far from reaching that price and a possibility also to reach a new ATH. More positive mindset from new and old
time traders will push this up.

[DU18]

We've breached $48k, then goes down again as expected, but then we get passed $49k. Hopefully we can surpassed $50k this week and with no negative news around and very bullish sentiments since the beginning of the month, I wouldn't be surprised if we can hit that goal of $55k at least this October.

As long as we are in the $50k level, it's not impossible to break the resistance and who knows, at a very short time, bitcoin will break its ATH as our ATH is only $64k, the price is very close now, we should be optimistic that the pump will continue as we are in the last quarter of the year already.

Although now the pressure on bitcoin is getting harder by America and China, but I personally remain optimistic that by the end of this year the price of bitcoin will again reach its highest price, now the price of bitcoin is at the level of $50 thousand and of course it just needs a little more encouragement in the market. market for bitcoin to be able to break through the next resistance at a price of $52,000-$55,000.