On the daily chart, Bitcoin has been trading inside a rising wedge pattern for the past few days. The bulls flipped the $49,000 level to support on Aug. 23 and pushed the price above the psychological level of $50,000. After crossing above EMA100 line, BTC found support on the MA20 ($45.9k) . The relative strength index (RSI) is near overbought levels, which could encourage profit taking around resistance. However, Upside momentum is strengthening on the daily chart, which suggests buyers are in control. The critical zone bitcoin needs to reclaim is $55,000-$58,000.
More details:https://www.bex500.com/college/category?cid=57&aid=299
just few hours of this post mate, bitcoin did break the 50k price and stays for two days and then fell down back to 46k.
The price of bitcoin experienced a bullish trend in the last five weeks. I estimate the price of bitcoin still has room to rise again. In the near future, I think the price of bitcoin will move in the range of $51k to $64k.
of course in future but the main objective is when ? will this be coming this year or in the next 3-4 years again when halving comes in situation .
but of course 50k is what we wanted to stay in this whole year at least.