{"id":469071,"date":"2021-08-11T23:00:17","date_gmt":"2021-08-11T23:00:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=469071"},"modified":"2024-06-11T13:57:39","modified_gmt":"2024-06-11T13:57:39","slug":"bitcoin-at-50k-before-next-bear","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-at-50k-before-next-bear\/","title":{"rendered":"Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Market?"},"content":{"rendered":"

Bitcoin is roaring right now price-wise. The price of the coin shows no signs of slowing down following the price rally from the past three weeks. Every time it seems like there is a slowdown, the price picks up again, breaking new resistance points that had before held it back. The run-up from a price range of the low $30,000 has now seen the digital asset price break into the $46k territory.<\/p>\n

Despite what might be a slowing down, the digital asset has not lost its position. Rather taking small steps in either direction but ultimately maintaining its position on the charts. $46,800 still remains the price to break at this point, as bitcoin continues to shy away from hitting it.<\/p>\n

Related Reading |\u00a0Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market<\/a><\/strong><\/em><\/p>\n

Bitcoin Over 24 Hours<\/h2>\n

Bouncing between $45,000 and $46,000 has been the order of the day for the past 24 hours. Growth patterns showing bounce patterns that would most likely end up charging either direction, up or down. The bulls continue to have the superior hold on the price, with bitcoin having closed out in the green 15 days out of the past 22 days.<\/p>\n

\"Bitcoin<\/p>\n

Bitcoin post 3.38% gains in 24 hours | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Gains continue to be the order of the day. The price of the digital asset is mostly higher each day than the last, sending crypto portfolios into the green after two brutal months of soul-crushing red markets.<\/p>\n
Bitcoin price has grown 3.38% in the last 24 hours. Amounting to over a $1,000 price change in the asset in the span of a day. Although the charts haven\u2019t been completely green this past day. A dip saw the price of the digital asset plunging towards the low $45,000. But this would prove to be just a blip since the asset recovered and went up in the $46,000 range.<\/p>\n
Momentum Continues To Hold Up<\/h2>\n
This momentum is the kind that could see the price of BTC ricocheting off the charts following a bounce, sending the price of the coin barreling towards $50k. But the price could just as easily crash back down to set the market back into a stretched-out bear market.<\/p>\n
It is crucial to maintain momentum following the increase in the price of an asset. Because any lapse in momentum would just as easily send the price crashing back down to where it was coming from. Sometimes even lower than the beginning points of the rally.<\/p>\n
Related Reading |\u00a0Bitcoin Price Breaks $45,000 For the First Time In Over 2 Months, Is $64,000 Possible Again?<\/a><\/strong><\/em><\/p>\n
If this momentum holds up, then indicators point that the market will most likely hit $50k before there is any significant dip in the price of bitcoin that would put the market in bear territory.<\/p>\n
The price movements continue to fuel larger-than-life bitcoin price predictions, with analysts believing that the digital asset is bound for $100k by the end of the year. Even though a $50k price point would be a more realistic prediction, these $100k predictions are not without their merits.<\/p>\n
Featured image from The Independent, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is roaring right now price-wise. The price of the coin shows no signs of slowing down following the price rally from the past three weeks. Every time it seems like there is a slowdown, the price picks up again, breaking new resistance points that had before held it back. The run-up from a price range of the low $30,000 has now seen the digital asset price break into the $46k territory. Despite what might be a slowing down, the digital asset has not lost its position. Rather taking small steps in either direction but ultimately maintaining its position on the charts. $46,800 still remains the price to break at this point, as bitcoin continues to shy away from hitting it. Related Reading |\u00a0Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market Bitcoin Over 24 Hours Bouncing between $45,000 and $46,000 has been the order of the day for the past 24 hours. Growth patterns showing bounce patterns that would most likely end up charging either direction, up or down. The bulls continue to have the superior hold on the price, with bitcoin having closed out in the green 15 days out of the past 22 days. Bitcoin post 3.38% gains in 24 hours | Source: BTCUSD on TradingView.com Gains continue to be the order of the day. The price of the digital asset is mostly higher each day than the last, sending crypto portfolios into the green after two brutal months of soul-crushing red markets. Bitcoin price has grown 3.38% in the last 24 hours. Amounting to over a $1,000 price change in the asset in the span of a day. Although the charts haven\u2019t been completely green this past day. A dip saw the price of the digital asset plunging towards the low $45,000. But this would prove to be just a blip since the asset recovered and went up in the $46,000 range. Momentum Continues To Hold Up This momentum is the kind that could see the price of BTC ricocheting off the charts following a bounce, sending the price of the coin barreling towards $50k. But the price could just as easily crash back down to set the market back into a stretched-out bear market. It is crucial to maintain momentum following the increase in the price of an asset. Because any lapse in momentum would just as easily send the price crashing back down to where it was coming from. Sometimes even lower than the beginning points of the rally. Related Reading |\u00a0Bitcoin Price Breaks $45,000 For the First Time In Over 2 Months, Is $64,000 Possible Again? If this momentum holds up, then indicators point that the market will most likely hit $50k before there is any significant dip in the price of bitcoin that would put the market in bear territory. The price movements continue to fuel larger-than-life bitcoin price predictions, with analysts believing that the digital asset is bound for $100k by the end of the year. Even though a $50k price point would be a more realistic prediction, these $100k predictions are not without their merits. Featured image from The Independent, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":469072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1122,1144,78790,84008],"class_list":["post-469071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-xbtcusdt"],"acf":[],"yoast_head":"\nBitcoin AT $46K, Will The Market See $50K Before The Next Bear Market?<\/title>\n<meta name=\"description\" content=\"Bitcoin is roaring right now price-wise. The price of the coin shows no signs of slowing down following the price rally from the past three weeks. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Market?","url":"http:\/\/ktsl888.com\/news\/bitcoin-at-50k-before-next-bear\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-at-50k-before-next-bear\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/08\/bitcoin-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/08\/bitcoin-1.jpeg?fit=1200%2C900"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btc price","btcusd","btcusdt","xbtcusdt"],"dateCreated":"2021-08-11T23:00:17Z","datePublished":"2021-08-11T23:00:17Z","dateModified":"2024-06-11T13:57:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Market?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-at-50k-before-next-bear\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-at-50k-before-next-bear\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/bitcoin-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/bitcoin-1.jpeg?fit=1200%2C900\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btc price\",\"btcusd\",\"btcusdt\",\"xbtcusdt\"],\"dateCreated\":\"2021-08-11T23:00:17Z\",\"datePublished\":\"2021-08-11T23:00:17Z\",\"dateModified\":\"2024-06-11T13:57:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/08\/bitcoin-1.jpeg?fit=1200%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/469071"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=469071"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/469071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/469072"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=469071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=469071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=469071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}