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Topic: May 13th, Bitcoin will surge to $70k or it will be dump? - page 3. (Read 1096 times)

legendary
Activity: 2282
Merit: 1041
It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.

My thoughts as well. 2 days  left but its not going to break any resistance above. The bright side is that the marketcap of  cryptocurrency market continues to grow bigger. There is money flowing in crypto, the money however isn't going into the major coins like BTC. Its going into the altcoins we never know people will actually invest in.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
Isnt Bitcoin banned or have some limitation in China? Alibaba, or Alibaba group are China registered campaigns. I would not rely much on Alibabas report surging Bitcoin price high. From my point of view China and cryptocurrency are like ticking bomb. They can make a huge explosion and drop price to the bottom, or they can "wind up the clock" again. I dont think that in 2-3 days something extraordinary would happen. We would still be in flat market with the price of Bitcoin $54-58k.
There are few restrictions in using bitcoin in China. However, Alibaba is one of the biggest companies and compromises should be made between them and the government. I also do not rely on the upcoming report but others are expecting to see positive news from the company. If they truly hold bitcoin, a price of bitcoin will definitely surge to the latest ATH. Then, $70000 will be our next possible target in a short term

full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
Well, Alibaba is a big company, and that's going to push the bitcoin price even higher. I wish it could cost more than $ 70k with Alibaba joining. if it is really released, then the potential for bitcoin will be even stronger and I feel vulnerable to falling again. however, we can see whether this speculation is true or not on the 13th.
Everything will be said and done in the next 2 days.

Alibaba is indeed one of the most established and popular company now but as what Paypal and Tesla brings , it does not take effect ASAP instead it took months before we finally feel the effect.

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!
at least 10-15% mate to be specific, so basically we need a Bull effect from this moment till the next 2 days more.
legendary
Activity: 2674
Merit: 1226
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It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!
sr. member
Activity: 1988
Merit: 283
I know we already heard the rumor if Alibaba has bought $20billion in bitcoin. They will publish their unaudited Q1 2021 report on this May 13th,

Source : https://www.google.com/amp/s/zycrypto.com/alibaba-rumored-to-have-bought-20-billion-in-bitcoin-will-this-come-to-fruition/%3famp

What do you think? If this really true, remember what happened when TESLA announced they have invested $1.5billion in BTC?

Quote
USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.
if that's true for sure bitcoin will become hype again on this month of may or until june in my opinion. wherein like what happened on it when TESLA announced they've invested in a huge amount on bitcoin, it improves more and now has new ATH, and also this will be a good new for those holder who's waiting for more improvement in the market because of being stuck up and already missed the opportunity to sell off..  Perhaps all of us will be happy to see it again wherein making great progress ... I hope this is true.  Cheesy
legendary
Activity: 2436
Merit: 1207
Isnt Bitcoin banned or have some limitation in China? Alibaba, or Alibaba group are China registered campaigns. I would not rely much on Alibabas report surging Bitcoin price high. From my point of view China and cryptocurrency are like ticking bomb. They can make a huge explosion and drop price to the bottom, or they can "wind up the clock" again. I dont think that in 2-3 days something extraordinary would happen. We would still be in flat market with the price of Bitcoin $54-58k.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
Well, Alibaba is a big company, and that's going to push the bitcoin price even higher. I wish it could cost more than $ 70k with Alibaba joining. if it is really released, then the potential for bitcoin will be even stronger and I feel vulnerable to falling again. however, we can see whether this speculation is true or not on the 13th.
full member
Activity: 2114
Merit: 182
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3 days more , do you think this is still possible mate?

I'm no seeing any sign that this will indeed to happen.
sr. member
Activity: 1666
Merit: 267
Frankly speaking, I think the Alibaba news is fake, similar to what FB buying FOMO news was out in the last week.

If you see the Tesla news, when they announced their holdings they also announced that they will accept BTC as a payment method but there is nothing from Alibaba at this moment. Also, Jack Ma is not in a position right now to take on a government that is not so supportive of crypto.

Even though I am really looking forward to Alibaba investing in Bitcoin, but what you say makes a lot of sense, seeing that the Chinese
government does not support crypto. It is possible that the Alibaba rumor investing in Bitcoin is a fake, but thanks to these rumors I see
Bitcoin price being pushed up. Hopefully in the near future there are other big companies that will invest in Bitcoin, so Bitcoin can go back up
to above the price of $ 60k.
legendary
Activity: 1512
Merit: 1010
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Frankly speaking, I think the Alibaba news is fake, similar to what FB buying FOMO news was out in the last week.

If you see the Tesla news, when they announced their holdings they also announced that they will accept BTC as a payment method but there is nothing from Alibaba at this moment. Also, Jack Ma is not in a position right now to take on a government that is not so supportive of crypto.
STT
legendary
Activity: 4004
Merit: 1428
☠ ☠ ☠ メメ
Heres the line Im looking at before we get higher prices extrapolated, we are past 50 day average and it appears BTC is strong but market might need more proof rather then just drifting upwards to such a point as 70k or similar.



I drew in trend not from great certainity but some marker of the pace with which we must continue upwards and challenge the upper line or possibly we do reverse despite the general positive sentiment recently.  I also noticed the Dollar index is looking weak, we failed to pass 92 area properly and start a bullish trend there and some speculate Dollar breaks down; this would match trend continuation for BTC also.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
I am a bit pessimistic that the Bitcoin price can be around $70K on May 13th. Only 3 days left and the price of Bitcoin is still struggling about $56K-$59K. The possible rate to be achieved probably around $65K, it is still achievable. I know that Bitcoin can increase very fast but I assume the current situation won't make Bitcoin jumping too significant from $58K to $70K only in 3 days.
It should take a process and need time, $70K can be achieved at the end of this month. But it seems not to achieve in the next 3 days.
If you are thinking logically then it will take time for the price to reach $70k from this position but you need to think that the price of Bitcoin is around $57k and it is not an hard task to increase $13k in a few trading hours as we have seen many rallies in the past and how they could impact the market easily in a short period of time. But everything depends upon Alibaba investing which i think is not a strong situation. Never bank on other and expect you will make money.

It's obvious, $70,000 won't be achieved this May 13th. Bitcoin market is on the accumulation phase after the massive dump to $47,000. And then we have the altcoin market also being pump so hard right now. So some of the money is there. But we all know that those investors are smart, once they profit from newbies in altcoin, it's time to get back to Bitcoin again. $70,000 might be June-July bull run and not this month.
Yups and even Harder to Climb back to 60,000$ that means we really expecting hardship for Bitcoin to reach that target.
But of course never lose hope specially to those who keeps the Holding up to now waiting to the best time to exit like me  Grin

Actually my target price is 75,000 before getting all my funds from Bitcoin and rest for while then wait for another 30-50% dumping before re entering.
legendary
Activity: 3080
Merit: 1353
I am a bit pessimistic that the Bitcoin price can be around $70K on May 13th. Only 3 days left and the price of Bitcoin is still struggling about $56K-$59K. The possible rate to be achieved probably around $65K, it is still achievable. I know that Bitcoin can increase very fast but I assume the current situation won't make Bitcoin jumping too significant from $58K to $70K only in 3 days.
It should take a process and need time, $70K can be achieved at the end of this month. But it seems not to achieve in the next 3 days.
If you are thinking logically then it will take time for the price to reach $70k from this position but you need to think that the price of Bitcoin is around $57k and it is not an hard task to increase $13k in a few trading hours as we have seen many rallies in the past and how they could impact the market easily in a short period of time. But everything depends upon Alibaba investing which i think is not a strong situation. Never bank on other and expect you will make money.

It's obvious, $70,000 won't be achieved this May 13th. Bitcoin market is on the accumulation phase after the massive dump to $47,000. And then we have the altcoin market also being pump so hard right now. So some of the money is there. But we all know that those investors are smart, once they profit from newbies in altcoin, it's time to get back to Bitcoin again. $70,000 might be June-July bull run and not this month.
hero member
Activity: 1302
Merit: 532
I am a bit pessimistic that the Bitcoin price can be around $70K on May 13th. Only 3 days left and the price of Bitcoin is still struggling about $56K-$59K. The possible rate to be achieved probably around $65K, it is still achievable. I know that Bitcoin can increase very fast but I assume the current situation won't make Bitcoin jumping too significant from $58K to $70K only in 3 days.
It should take a process and need time, $70K can be achieved at the end of this month. But it seems not to achieve in the next 3 days.
If you are thinking logically then it will take time for the price to reach $70k from this position but you need to think that the price of Bitcoin is around $57k and it is not an hard task to increase $13k in a few trading hours as we have seen many rallies in the past and how they could impact the market easily in a short period of time. But everything depends upon Alibaba investing which i think is not a strong situation. Never bank on other and expect you will make money.
sr. member
Activity: 826
Merit: 263
I am a bit pessimistic that the Bitcoin price can be around $70K on May 13th. Only 3 days left and the price of Bitcoin is still struggling about $56K-$59K. The possible rate to be achieved probably around $65K, it is still achievable. I know that Bitcoin can increase very fast but I assume the current situation won't make Bitcoin jumping too significant from $58K to $70K only in 3 days.
It should take a process and need time, $70K can be achieved at the end of this month. But it seems not to achieve in the next 3 days.

sr. member
Activity: 2534
Merit: 332
Vave.com - Crypto Casino
I think it is about "if this news is correct, people will buy more and if it is wrong, the ones who bought anticipating this will sell" type of situation. Basically there are some people who already bought because they believe that Alibaba bought 20 billion dollars worth of bitcoin, and some people are still uncertain about it and will decide depending on the news.
The news about Alibaba investing 20 billion dollars will be debunked as rumors when the Q1 earnings report will be published in a few days. Jack Ma is always skeptical about Bitcoin and he always viewed the Bitcoin market as a bubble and hence i do not think that he will be taking a huge risk to invest $20 billion in the market, i wont be surprised if it is a few millions but to invest $20 billion even after calling the Bitcoin market as a bubble will be outrageous  Cheesy.
 

This will be an interesting news to look forward to. Few days from now and we will know the truth about this rumor. But I believe, it is just a rumor. But in any case they did have bitcoin investments, even if it is not $20B, it may still create good pump in the market. Who knows, Jack Ma changed his mind over bitcoin, now that Tesla is already on this market? They can always change their stance when it is good for their business.
When it comes to rumors that do pop out then its up to us if we do take it seriously or just ignore those things but once those words to came out then probabilities that it would really happen.

Any positive sentiment that do come out in the market might be or might be not manipulative so lets be careful on making our positions because we wont know on what would happen next.

There's no assurances that we would surge to  70k and we would need some more adoption news in related to that because breaking 60k alone is already a challenge.
legendary
Activity: 2618
Merit: 1105
I am skeptical about what will happen if this news turns out to be a rumor as traders will sell a rumor for the first time. If Jack Ma will publicly announce that they spent a huge chunk of their portfolio on btc, then it will move btc higher at least 25% but I do not think that a Chinese will 'buy' btc instead of mining it.
sr. member
Activity: 1988
Merit: 275
I think it is about "if this news is correct, people will buy more and if it is wrong, the ones who bought anticipating this will sell" type of situation. Basically there are some people who already bought because they believe that Alibaba bought 20 billion dollars worth of bitcoin, and some people are still uncertain about it and will decide depending on the news.
The news about Alibaba investing 20 billion dollars will be debunked as rumors when the Q1 earnings report will be published in a few days. Jack Ma is always skeptical about Bitcoin and he always viewed the Bitcoin market as a bubble and hence i do not think that he will be taking a huge risk to invest $20 billion in the market, i wont be surprised if it is a few millions but to invest $20 billion even after calling the Bitcoin market as a bubble will be outrageous  Cheesy.
 

This will be an interesting news to look forward to. Few days from now and we will know the truth about this rumor. But I believe, it is just a rumor. But in any case they did have bitcoin investments, even if it is not $20B, it may still create good pump in the market. Who knows, Jack Ma changed his mind over bitcoin, now that Tesla is already on this market? They can always change their stance when it is good for their business.
legendary
Activity: 2282
Merit: 1023
I think it is about "if this news is correct, people will buy more and if it is wrong, the ones who bought anticipating this will sell" type of situation. Basically there are some people who already bought because they believe that Alibaba bought 20 billion dollars worth of bitcoin, and some people are still uncertain about it and will decide depending on the news.
The news about Alibaba investing 20 billion dollars will be debunked as rumors when the Q1 earnings report will be published in a few days. Jack Ma is always skeptical about Bitcoin and he always viewed the Bitcoin market as a bubble and hence i do not think that he will be taking a huge risk to invest $20 billion in the market, i wont be surprised if it is a few millions but to invest $20 billion even after calling the Bitcoin market as a bubble will be outrageous  Cheesy.
 
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