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Author Topic: BTC needs to taste 50k for altcoins to start performing big again  (Read 111 times)
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April 04, 2022, 09:47:27 AM
 #1

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.

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April 04, 2022, 11:25:35 AM
 #2

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.
It's okay whether it will retest or not.

As expected, bitcoin will certainly going to correct after reaching price of $46k. We've got to see the support of it and now it's on a better price before it does a retracement up to $50k.

As of now, there are good altcoins that have been pumping and while waiting for bitcoin to get up to $50k. Some are already doing their pumps and not waiting for bitcoin's approval.

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April 04, 2022, 11:37:16 AM
 #3

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think?
I do agree with this, as long as bitcoin will always still above 40k level and im not feeling worried about that. The different story when bitcoin will be dumped to the below 40k and this will become a disaster. Im still very bullish with bitcoin. It seems like sideway will still continue. So many people are also preparing for the next big bullish trend.



I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.
Altcoin will be following the pump that would happen with bitcoin as well. This is the nature of crypto when bitcoin pump and whole of market will be getting the same thing like bitcoin and otherwise bitcoin dumpa nd altcoin will be going dump too.

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April 04, 2022, 11:57:11 AM
 #4

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.

I think you have a point there Mate. but even though the Bitcoin price range today is just hovering around in $44K to $46K territory and as we can observe that some of the altcoin prices are also pumping now,  how much more if the Bitcoin price will enter the $50K level again? I think the market is brewing a massive event and the bull will be run soon so we better get ready fellas.
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April 04, 2022, 12:06:11 PM
 #5

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.

I think so too, bitcoin has to break 50k for the altcoin market to start rallying. for now altcoins still haven't had a big impact even though bitcoin has gone up quite high. but currently bitcoin is stuck at 46k, and it looks like btc is still struggling for more than this. the question is can bitcoin get past this point.
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April 04, 2022, 12:12:16 PM
 #6

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.

I think you have a point there Mate. but even though the Bitcoin price range today is just hovering around in $44K to $46K territory and as we can observe that some of the altcoin prices are also pumping now,  how much more if the Bitcoin price will enter the $50K level again? I think the market is brewing a massive event and the bull will be run soon so we better get ready fellas.
Today's BTC is up to 47k, I think it will be a little correction first. maybe at 44k-45k, but if BTC can break through 48k this week there will be a high chance that BTC will pump 50k.
the market is in good shape, some altcoins have also gotten pumps. remember to always be on the lookout for corrections. we can use SL to anticipate big risks.

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April 04, 2022, 01:03:54 PM
 #7

there are many trading analyst that has made some analyzation that bitcoin reaching the price of $50K again is rather easy and even there is some analyst that says btc could easily reaches thousand percent increase in value in the future like few years, but still that’s just analyst and mostly just speculation.
regardless if seeing the latest ATH and the fact that even in bearish market btc could still holding its value quite strong, I could see btc rally easily in the future, and therefore created other season of altcoins, the mediocre altcoin gonna be having normal value increase but the ones with quality will outshine the rest and gain tremendous amount of ROI. Bitcoin needs to surpass the resistance around 48k to be able to reach 50k. This is the hardest thing for bitcoin.

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April 04, 2022, 04:28:12 PM
 #8

I'm a "lines" person but sometimes I play with RSI & MA (lagging Indis) during complicated market movement to guage market sentiments. Whether we like it or not, trading moves on sentiments of traders and that's why the speculative bias. From my view of technical analysis, I see Bitcoin dipping to $40,500 to have a push up from the support which is shown with the white line in the daily chart. A look upward doesn't show any resistance yet. It simply means that there's enough free movement up than we have down. Hitting $50k+ won't be any issue for Bitcoin once it's done touching support this one time. Already, it's dropping and heading downward. Let's see if it eventually makes it to the magnetic pull of the whiteline.


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April 04, 2022, 06:22:32 PM
 #9

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.
strong support for the price of Bitcoin is at the price of $43000 to $44000,
and now it looks like Bitcoin is also experiencing a correction,

yes I hope the correction that occurs today is not a dump, and of course we have to monitor the price of the support,
if $43000 is broken, the Bitcoin price will go down even deeper, and could even say Bearish is coming
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April 07, 2022, 08:04:03 AM
 #10



From the chart on 4hrs TF, it seems there's going to be a reversal from the point marked in blue as the candle shows. I don't know if it's going to be a strong reversal or it's a fakey before it goes down further to hit the major support around $40,500. Since the distance isn't far from the expected $40,500, I think it's still a safe place to trigger a buy if you aren't a conservative trader.

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April 07, 2022, 08:20:56 AM
 #11

A bear market is coming and some YouTubers are already saying a 4000$ ETH is in progress, at this point, I believe that chart reading is inaccurate, however the market is going to play out will remain a mystery, buckle up for any outcome.

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April 07, 2022, 08:50:27 AM
 #12

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.

Price right now breaks at $43k but I think it looks like a bullish wedge and I think it is in bullish divergence I think the price could do another lower low pattern before it would break the wedge. This is what I see in 15 mins time frame. I will only scalp with BTC I am still unsure if  it could reach or break $50k at the end of this month.

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April 07, 2022, 10:15:21 AM
 #13

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.
Any price above 50k will benefit altcoins, but if your primary goal is to see altcoins grow, you have to stop watching bitcoin. Go with either this or that, dont try to get a taste of the best of both worlds. Grin

Indeed altcoins lack any sort of proper development or acutal use case compared to bitcoin, so they end up being pumped and dumped by bagholders who are pumping the prices of these coins.

But bitcoin touching 50k will see a lot of resistance for now if not later as well. Prices can barely keep up at 47k USD and the selling pressure is high among such ranges. My assumption is that there need to be consolidation at 47.5k USD before it can touch 50k or cross it. This will take time.

R


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DanWalker
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April 07, 2022, 10:56:26 AM
 #14

A bear market is coming and some YouTubers are already saying a 4000$ ETH is in progress, at this point,
The bear market has been around since December of last year and has lasted until now, not they're coming. The green color of the market in the past few days is only a short-term recovery. I think you should make your own judgment instead of following the predictions of Youtube experts. They like us, cannot know exactly where the market will go in the future.

I believe that chart reading is inaccurate, however the market is going to play out will remain a mystery, buckle up for any outcome.
Reading the chart is only a small tool for us to predict the upcoming bitcoin price and bitcoin price depends on many other factors.
Reading the chart cannot tell us the exact bitcoin price, but it is necessary if you want to predict the bitcoin price.

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April 07, 2022, 11:13:45 AM
 #15

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.

At the moment i am happy if we are not going below 42k USD per Bitcoin or even below 40k USD again as the last 2 days saw some big corrections after the increasing prices of the last few weeks or so. I agree with you though that the whole crypto market is still highly depending on Bitcoin. Usually Bitcoin is the first project that is beginning to rise and the altcoins don't follow immediately. We first need to see a longer period of growth for Bitcoin in order to see the altcoins rising too. Then usually first the big altcoin projects will begin to rise in price too and then we need this to happen again for a few weeks before the small cap altcoins also begin to rise.
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April 07, 2022, 12:33:45 PM
 #16

Who watched BTC chart this morning? It looks like we have to retest 44,000$ once again before 50k becomes a reality, what do you think? I'm learning more about chart reading and I believe I'm getting somewhere, maybe if BTC find it's way over 50k altcoins will benefits once again.
i have watched it and its seems like that the bitcoin chart is not so stable do to comment from fed. In my opinion that the volatiliti in the bitcoin price alread triggered by the FED as well. In my opinion that if bitcoin must bounce back again to make sure if that will not be dumped even deeper to the below 40k. As you can see that if the fact that so many times bitcoin was going to the hell due to the various reasons. This is why bitcoin needs to surpass 44k again to build another support again. You must need to see that if this time some altcoins are over performing bitcoin.
If bitcoin can jumped back again and altcoin will be recovered so fast.

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April 07, 2022, 04:28:56 PM
 #17

Retest is always needed for more bullish move. The most important is for the retest to bounce and go to the expected direction otherwise it can go deeper. For Btc anything below 50-52k won't give full confidence. Am waiting to see how soon that happens.

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April 08, 2022, 03:26:07 PM
 #18

Retest is always needed for more bullish move. The most important is for the retest to bounce and go to the expected direction otherwise it can go deeper. For Btc anything below 50-52k won't give full confidence. Am waiting to see how soon that happens.
I expect a lot of resistance to reach 50k itself like I said in my previous post. Currently bullish and bearish trends are cancelling each other and price is at 43k which is decent enough to keep the next target at a logical 45k USD and not hope for more right away. Once that is reached, I am guessing altcoins will follow suit before the next bull market starts and the price inches back to 50k USD.

How long this will take, is beyond my prediction. This might be a painfully long process given that the dump was big and there is a lot of selling pressure.

Either way, if you bought before these prices, you just have to wait and see. Altcoins will also rise but you have to have patience and sell at the top without thinking twice.

R


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April 08, 2022, 04:02:29 PM
 #19

A bear market is coming and some YouTubers are already saying a 4000$ ETH is in progress, at this point
Nope, I don't think we are heading into a bear tunnel. If anything, we just got off it in this first quarters. This second quarters should be on a positive for Bitcoin. Now, even look at it this way. If YouTubers are already foreseeing ETH to hit $4000, then it must be to the effect that a bull season is in expectation.

Price right now breaks at $43k but I think it looks like a bullish wedge and I think it is in bullish divergence I think the price could do another lower low pattern before it would break the wedge. This is what I see in 15 mins time frame. I will only scalp with BTC I am still unsure if  it could reach or break $50k at the end of this month.
Sincerely, I hope you're scalping upward because any dip now may be a bear trap. Besides, I don't think 15 minutes TF is enough to dictate trend it its change.

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April 08, 2022, 04:32:08 PM
 #20

Bitcoin can't defend its 44k price. It was going down even deeper right now and some people are also saying that if bitcoin will be going even lower. Im not seeing a bullish pattern that happened with bitcoin. Bitcoin is always getting dumped once a statement from the official was coming to it. Bitcoin needs a hard time to be able to break such value. I must also remind you that if these days crypto is so weak.
Bitcoin needs to do another halving to make the bullrun to come again-.
This time i will not speculate about the possible recovery to happen with bitcoin.
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