Possible.
After the $45,000 strong resistance broke, btc might be heading to $50,000 in the coming week before August ends.
What's more interesting to watch out is the price action on the 4th quarter of 2021.
Bitcoin has been very bullish this year, though it crashed 50% from the ATH, but the price is still high and considered bullish.
Let's see If this run will continue as we have heard positive news towards Bitcoin.
$47,585,,, maybe in a few days we can see bitcoin has reached $50k look at the chart movement I see we are slowly approaching the resistance mentioned, the bulls are right now and will surpass ATH again I think so and Q4 I will see real growth .
The bulls is back and finally controlling the market from the bears and shorters, bad time to short bitcoin as you will be REKT.
Falling 50% from ATH isn't all bad, it's still struggling as long as it's facing a bear market with lots of Chinese FUD news but indeed this challenge is strong and we go through in the end we will see prices above ATH again.
Throughout bitcoin's young existence, we have seen it goes down more that 50%, at first it is so hard to see the price plummeting that low and then the weak hands are selling off, at least the market is shaken and the only ones left are the diamond hands who keeps on holding and now they are seeing the profit again at the current price. But it's not time to sell, as we are looking for more uptick in the price at the end of the year.