{"id":16254,"date":"2021-08-23T05:00:10","date_gmt":"2021-08-23T05:00:10","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=16254"},"modified":"2021-08-23T05:04:47","modified_gmt":"2021-08-23T05:04:47","slug":"news-commentary-1444-bitcoin-50000-achieved-for-the-1st-time-in-100-days","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=16254","title":{"rendered":"News Commentary #1,444 \u2013 Bitcoin | $50,000 Achieved For The 1st Time In 100 Days"},"content":{"rendered":"

Well done the King of Crypto!<\/p>\n

BTC price for the first time in last 3 months reached $50K and the bullish trend might be already in process, but<\/strong> to be sure of that we just need to see one more leg up<\/strong>.<\/p>\n

I hope such random satistics of bitcoin price, which we post few times in a month will help most of you to better manage your hyip investment portfolio because ( ..and i know that for sure from your private messages \ud83d\ude09 <\/strong>) many of you dear EN readers want to be sure in main crypto coin’s price trend, before investing or reinvesting in some of the platforms..<\/p>\n

And i do understand that, because it differs, whether you invest $300 and it costs you around 0,006<\/strong> of BTC or the same $300 invested costs you around 0,009 – 0.01<\/strong> BTC.<\/p>\n

*An additional information below is about mainstream addoption of some crypto assets and what they can be used for.. you may wath that below in a short youtube video..<\/em><\/p>\n

Here’s the news:<\/p>\n

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<\/p>\n

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  • Bitcoin price pierced the $50,000 psychological level after roughly 100 days.<\/strong><\/li>\n
  • This upswing comes after a prolonged consolidation above the $46,000 support barrier.<\/strong><\/li>\n
  • A decisive close above $50,958 will confirm the start of an uptrend to $56,670.<\/strong><\/li>\n<\/ul>\n

    Bitcoin price is grappling with a\u00a0pivotal psychological\u00a0level for the first time since May 14. A continuation of this bullish momentum could be the key to pushing BTC to a crucial resistance level and even retest the all-time high.<\/p>\n

    Bitcoin price exudes bullishness<\/strong><\/h2>\n

    Bitcoin price breached through a supply zone, ranging from $43,150 to $45,791 on August 13 and consolidated above it for roughly four days. However, over the past 24 hours, BTC dipped into this barrier, indicating momentary weakness but bounced back quickly.\u00a0<\/p>\n

    Since the swing low at $43,833, BTC has rallied 15%, piercing the $50,000 psychological level.<\/p>\n

    While this move is a crucial bullish development, Bitcoin price needs to produce a decisive daily\u00a0candlestick\u00a0close above $50,958 to confirm the start of a new uptrend<\/strong>.<\/p>\n

    Such a move will open the path up to\u00a0$55,210 and $56,670. A rally that flips these resistance levels into support will indicate the buyers\u2019 intent and push Bitcoin price to retest the all-time high at $64,854.<\/p>\n

    \"BTC\/USDT<\/a><\/p>\n

    BTC\/USDT 1-day chart<\/small><\/p>\n

    While the recent upswing is bullish, a failure to produce a bullish close above $50,958 will lead to consolidation above $49,024 or a slow downtrend. Investors need to note that an upswing is possible during the said sideways movement mentioned above.<\/p>\n

    However, if\u00a0Bitcoin price produces a lower low below $43,927, it will invalidate the bullish thesis and trigger a massive downswing to $42,451.<\/p>\n<\/blockquote>\n