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<p><strong>Bitcoin </strong>made an attempt to gain a foothold above $ 50 thousand, but the coin failed to do so. Experts explained whether the main <strong>cryptocurrency </strong>will be able to overcome this level and gave a forecast for <strong>altcoins</strong>.</p>



<p>This week, <strong>bitcoin </strong>managed to overcome the $ 50 thousand mark, but the coin could not gain a foothold above this level. On August 29, the cost of the main <strong>cryptocurrency </strong>is $ 49.5 thousand. The capitalization of <strong>bitcoin </strong>has exceeded $ 907 billion. </p>



<p>Experts predicted whether <strong>bitcoin </strong>will be able to gain a foothold above $ 50 thousand in the coming days.</p>



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<p class="has-large-font-size"><strong>Weak market dynamics</strong></p>



<p><br>At the moment, the <strong>bitcoin </strong>rate has rested in the range of $ 48-50 thousand, says Sergey Zhdanov, CEO of the EXMO <strong>crypto exchange</strong>. </p>



<p>According to him, the main <strong>cryptocurrency</strong> ended the fifth week in a row with growth, despite a decline after trying to gain a foothold above $ 50 thousand.</p>



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<p class="has-text-align-center"><strong>“The first cryptocurrency is trying to approach the level of $ 50 thousand and even overcome it, we are seeing a local correction and sideways movement. </strong></p>



<p class="has-text-align-center"><strong>The general dynamics of the market is now rather weak, ”the expert noted.</strong></p>
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<p>According to Zhdanov, in the near future the price of <strong>bitcoin</strong> will drop to $ 47 thousand, but the <strong>coin </strong>still has the prospect of growth to $ 60 thousand. </p>



<p>At the moment, the most promising <strong>altcoins </strong>are those that are growing thanks to their own news: <strong>Ethereum </strong>(ETH), <strong>Cardano </strong>(ADA) and <strong>Solana </strong>(SOL), Zhdanov added.</p>



<p></p>



<p class="has-large-font-size"><strong>High volatility</strong></p>



<p><br>High volatility is expected on the market next week, and <strong>bitcoin </strong>will be in the range of $ 44-50 thousand, Nikita Zuborev, senior analyst at Bestchange.ru, predicted. </p>



<p>He admitted that the main <strong>cryptocurrency </strong>could make an attempt to gain a foothold above $ 50 thousand, but the <strong>coin </strong>is unlikely to succeed in the near future.</p>



<p>Even in the case of the implementation of the most positive scenario and the consolidation of <strong>bitcoin </strong>above $ 50 thousand, one should not expect a rapid growth in <strong>altcoins</strong>, the analyst believes. </p>



<p>In His opinion, <strong>bitcoin </strong>will remain the main driver of market growth at least until the end of the year. Alternative <strong>tokens</strong> will be able to resume growth only against the background of extremely positive investor sentiment and the stable price of <strong>bitcoin</strong>, Zuborev says.</p>



<p class="has-text-align-center"><strong>“The situation is not conducive to a multiple growth of altcoins, in the coming weeks or even months they will repeat the trends of bitcoin with a slightly greater amplitude,” the analyst explained.</strong></p>



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