Will $50,000 be the resistant price?

[BITCOIN4X]

Anything is possible within the market. Be wise and not to be greedy not to lose your chance to maximize your profits.

Today the bitcoin price has broken through the $60K resistance which means it is only $4K away from the previous ATH. Many people hope that today the price of bitcoin can match ATH last April and set a new ATH record, but it is true what you say that never be greedy because we never know how it will turn out. We should be able to consider the opportunities that exist to gain profit and also consider the risks as well.

[LUCKMCFLY]

Apparently $ 50k seems to be the ideal resistance to any bearish attack, however since yesterday the bulls have been giving a lot to talk about, puyes are testing supply levels close to $ 60k:

Tonight, after a slight pullback, buyers once again stormed this resistance, forming bullish momentum. The growth was supported by rather large volumes, and the price of Bitcoin broke through an impregnable line. In the morning, the maximum is set at the psychological level of $60,300.

Source: https://u.today/btc-eth-and-xrp-price-analysis-for-october-15

This type of analysis is mutually necessary, because sometimes when seeing the volume and graph is not everything, many have a way of seeing the market, and if we start to study the price level, everything indicates that $ 50k is the best resistance for now.

[elisabetheva]

Anything is possible within the market. Be wise and not to be greedy not to lose your chance to maximize your profits.

Today the bitcoin price has broken through the $60K resistance which means it is only $4K away from the previous ATH. Many people hope that today the price of bitcoin can match ATH last April and set a new ATH record, but it is true what you say that never be greedy because we never know how it will turn out. We should be able to consider the opportunities that exist to gain profit and also consider the risks as well.

ATH $67,276.79 - Oct 20, 2021, already formed and what you said has happened. i.e. a new record of the last ATH has been set by bitcoin. not long ago ATH happened now it has started to correct again, and lastly it was -10% of ATH. Of course it can happen that it will fall back at the resistance number you said.

but there is always optimism that occurs with the correction, usually after the correction it will increase again and renewable ATH will be formed. so my prediction that the end of october bitcoin can penetrate $ 70k, is not a very impossible thing to happen and we are waiting for it patiently. there will always be more surprises that will be made by bitcoin.

[suzanne5223]

No one can provide a 100% prediction about the Bitcoin market because the price momentum of the market is determined by the level of supply, demand, and each trader's selling decision. Besides, the last 3 months of the year of the Bitcoin halving market is known to be very manipulated by the whales and some ey players in the market but I expect the market resistance level to be below $50,000.

[btc78]

No one can provide a 100% prediction about the Bitcoin market because the price momentum of the market is determined by the level of supply, demand, and each trader's selling decision. Besides, the last 3 months of the year of the Bitcoin halving market is known to be very manipulated by the whales and some ey players in the market but I expect the market resistance level to be below $50,000.

the $50k market price is no longer the current resistance level price as the market has broken through the $60k price. bullrun market is going on even though there was a slight price correction, but the resistance level for the past two days is at $60k and the price is likely to break through $70k next week according to some references that we observe.

yes 70k is the next resistance as we had already broken 65,000 meaning the next level is 70k before targeting the 75-80k resistance and when reached surely the following 100k will finally taken .
i think this thread Must be locked because it has already passed , and nothing to discuss here aside from another spam posts .
Reporting this thread now for locking .

[rodskee]

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.

then you are wrong because 50k had already taken even before you created this thread so How come that you still asks for this.. what comes to your mind that 64,000 was already recorded months before you put this one up.

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.

I am aiming for at least 70k for Bitcoin this year and that is enough for me to reached by 2021.

then in the following years we don't know what will come.

[TheEconomists]

I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around  $64k and that means your thread is now outdated as many things have change hand in the crypto currency market.

[STT]

Resistance becomes support once passed and we definetly passed 50k (with weekly bars and its volume) so I agree its just a case of viewing 50k as the very lowest area.  Ideally it would be tested but rejected and bought up, hence bullish reaction medium term etc.

50k is probably the most significant nearby pricing we may have to revisit to confirm a level of price action support.   ie. to go higher we may need to go as low at 50k first and it will still be considered bullish over the wider term.
 At present its reasonable to watch us vs the weekly average which we've attempted to trade above and just dipped below again.   Before 50k consider 57.5k and 55.5k are more likely if we are positive overall it may not go further then that but 50k area has the 50 day average in that area and alot of momentum underlies various buy strategies for those accumulating BTC over a longer term period then just trading and common speculation.

[MrcMrc]

I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around  $64k and that means your thread is now outdated as many things have change hand in the cryptocurrency market.

Well since we are in a volatile market Bitcoin price at any time is still relevant most especially for record purposes, the price of bitcoin is already above 59k but it can correct back to below 50k. The thread is still up to date list for analysis and future record sake.

[cryptomaniac_xxx]

I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around  $64k and that means your thread is now outdated as many things have change hand in the cryptocurrency market.

Well since we are in a volatile market Bitcoin price at any time is still relevant most especially for record purposes, the price of bitcoin is already above 59k but it can correct back to below 50k. The thread is still up to date list for analysis and future record sake.

Yes, that's how volatile the market is, we thought that the last previous all time high will become the support level. But even that price is broken and it's sad to see the price now going below $60k. But we have seen this kind of dip before, this is very similar to 2017 now. So it is still possible that we will see an growth explosion at the end of the year. And we are talking about the 6 digit price that everyone expected where the price could be in December. So just treat this as a natural pattern on bitcoin's market.

[yohananaomi]

I think we should now be talking about the support level now and not $50k as a resistance level. The current market resistance now is around  $64k and that means your thread is now outdated as many things have change hand in the crypto currency market.

That's right, because the op did that in August where the price at that time was still at $49K, so if you look at it now, it's clear that there will be a difference.
what you said was the latest update and now it's crawling to be corrected again. maybe it will go down to $50k can it happen? or will instead come back again to achieve renewable ATH. because bitcoin is able to make movements in a day can be more than $ 10K and anything can happen.