May 13th, Bitcoin will surge to $70k or it will be dump? - page 5.

RealMalatesta

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Quote from: traderethereum on May 08, 2021, 02:01:51 AM

I hope that the price can back to $60k in the next week and hopefully, that can still increase higher and reach $70k.

Yeah bitcoin is slowly climbing up toward $60k levels, it may test a new ATH in coming days regardless of what those institutions or corporate's hand into bitcoin markets. I personally believe there cannot be any big fluctuation on May 13th just because of those China market giant. We may have calm market conditions like how we are doing last 2 weeks of times.

So far, we did not experience any bull run due to any big money like 20 billion dollars inflow hence if that news turns as a rumor then we will not have any downfall but at the same time if it will be confirmed then we may start seeing another round of bull run.

traderethereum

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Quote from: NameBaby on May 07, 2021, 08:22:49 PM

I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.
Anyway I think Bitcoin will not go below 45k now

We do not know about that and no one will know.
We can hope that it will not happen because we already reach $50k and even the price now is back to $57k, so maybe the chance to increase now will be bigger than before.
But we need to be careful because the downtrend will always come after the price reaches the highest price, so you need to know what you need to do if the downtrend comes.
I hope that the price can back to $60k in the next week and hopefully, that can still increase higher and reach $70k.

Dave1

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Quote from: NameBaby on May 07, 2021, 08:22:49 PM

I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.

Yes, I would say that this is fake news.

Quote from: NameBaby on May 07, 2021, 08:22:49 PM

Anyway I think Bitcoin will not go below 45k now

Don't spoke too soon, we don't really know which direction it will go in the future.

We said that bitcoin will not go below $50k, and it did.

And so as far as $70k goes, it could go in the next one, but I highly doubt it. Bitcoin has been trading sideways and it will continue to do so unless there is a break out run. Nevertheless, this is a good opportunity to jump in.

NameBaby

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I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.
Anyway I think Bitcoin will not go below 45k now

uray

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Quote from: fadhilz123 on May 07, 2021, 06:09:00 PM

Today is May 7th and the price of Bitcoin still around $57K. So about your question is 6th days later based on the situation Bitcoin will not reach $70K, and I think Bitcoin also will not dump but Bitcoin will keep continue to increase slowly but surely.

If you are asking me i would like to see a huge correction before another rally but the market is not allowing that to happen as the investment keeps on pouring in whenever there is a correction. I always like to see a gradual growth rather than rapid increase but in the cryptocurrency space we are yet to see that kind of growth. Despite all that i like how the market is right now where it is giving everyone the opportunity.

fadhilz123

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Today is May 7th and the price of Bitcoin still around $57K. So about your question is 6th days later based on the situation Bitcoin will not reach $70K, and I think Bitcoin also will not dump but Bitcoin will keep continue to increase slowly but surely.

Actually, I didn't expect such a question from a Legendary Member. So can you stop make a thread like this

Bitcoin will surpass $70K you just need to patient

Ridwan Fauzi

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That is really good news and will give a good effect for bitcoin price movement. There is no different cases with Tesla, I mean a huge pump will come if Alibaba announch that they already invested their money into bitcoin.

Bitcoin price movement still move in the sideaway market, I mean there is no panic selling when its price failed to passed the previous all time high $64.000 but its price just meet a small correctio to $55.000.

This has pointed out that many investor just comfortable to hold their bitcoin and forget a huge that will happen after a huge increase like 2017 ago. So as a good news will really give a huge effect for bitcoin moreover the news come from the popular company.

proudhon

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The price of bitcoin is going to catastrophically collapse after the 13th. It's so obvious it hurts my scientific brain.

k@suy

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Quote from: coin-investor on May 03, 2021, 04:18:43 PM

Honestly, I am not aware of the rumors and many people here are not but if the rumors are confirmed to be true expect a massive pump and $70k is just a start, people want confirmation people they invest, majority of investors are weak hands and part of the domino effect, who will just follow the market trend and whales whenever there is movement in the market.

Upon reading this thread I made my quick research about this rumor but I guess I haven't found the legit source. But if this is just a rumor for now maybe hopefully on the following days alibaba can release an official announcement if it is officially buy a 20 billion Bitcoin.
What I felt about this if it might be ttue was a massive bomb explode on the bitcoin market exchange rate hopefully give a positive feedback and make bitcoin price goes higher and attain new ATH.

Lorence.xD

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Quote from: ecnalubma on May 04, 2021, 12:19:20 PM

Definitely an incoming pump if its true if not then normal day in crypto as usual. Companies announcing their Bitcoin holding is big signal for FOMO’s but the majority will benefit from it, so far the Bitcoin’s momentum is solid I think with or without the news of how much big companies BTC holdings.

Better that we have bitcoin no matter what happens because if you don't and you are just speculating the prices then it is a pretty useless thing because you didn't benefit from the pump so to everyone who plans to sell, wait for the date to pass by and if the prices doesn't go up then you should do what you should do.

LUCKMCFLY

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Well, according to Peter Brandt he predicted that Bitcoin would go down with a natural correction to 35%, and it was down more than 25%, and said that it could reach $ 100k in May, if this goes as he said there are very high probabilities that it will reach $ 70 Ko surpassed it, everything is a matter of waiting.

IF we see the behavior of Bitcoin this week it has grown in the last 3 days by more than 5%, this is considerable, and it has brought very good hope and confidence to investors.

In this analysis he talks about the price levels that can fluctuate in the short term:

Quote

Bitcoin is up by a total of 5.5% this week as it battles with $56,500 in an attempt to climb over the 50-days MA. It has struggled to surge above $58,000 so far in May as it fails to break above a short-term descending trend line.

Source: https://cryptopotato.com/crypto-price-analysis-overview-may-7th-bitcoin-ethereum-ripple-cardano-and-litecoin/

cryptomaniac_xxx

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Quote from: Febo on May 04, 2021, 01:45:46 PM

Quote from: janggernaut on May 03, 2021, 12:44:46 AM

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,

If Alibaba buys 20 billion of Bitcoin, then Jack MA will go missing again Probably forever this time. Alibaba will be allowed to buy 20 billion of digital yuan. Maybe they will announce that 13 May 2022. Does Queen of England also publish her financial reports? I do wonder what will be her first cryptocurrency.

You give me a good chuckle mate, but yeah it's a big possibility he can go to jail because of this move. The Chinese government is already on him and probably opening every financial books of his giant company.

Jack Ma, although one of Chinese billionaires criticized the government last year (his biggest mistakes) and then he went into hiatus, or as what others have speculated, the government keep him quiet that's why he didn't surface to the public. But in any case, there is a big possibility that we can see $70k this May with or without this rumor.

semobo

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Quote from: janggernaut on May 03, 2021, 12:44:46 AM

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.

"Buy FOMO and sell FUD" so if you are seeing a lot of news that says that you have to buy the bitcoin because the price is going to be increased due to some news like a big company is going to invest or blah, blah...

So don't get into the trap, if it is true then you may start investing.

veznata

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https://bitcoinmagazine.com/markets/bitcoin-price-will-go-parabolic-in-2021
according to this article, the parabolic movement in the price of bitcoin for each halving is in the first 0-70000 blocks (approximately). if I'm not mistaken so far there are 54,636 blocks and there are about 14,000 blocks left or approximately 14 weeks until the peak. I can see it a little early

Febo

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Quote from: janggernaut on May 03, 2021, 12:44:46 AM

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,

If Alibaba buys 20 billion of Bitcoin, then Jack MA will go missing again Probably forever this time. Alibaba will be allowed to buy 20 billion of digital yuan. Maybe they will announce that 13 May 2022. Does Queen of England also publish her financial reports? I do wonder what will be her first cryptocurrency.

ecnalubma

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Definitely an incoming pump if its true if not then normal day in crypto as usual. Companies announcing their Bitcoin holding is big signal for FOMO’s but the majority will benefit from it, so far the Bitcoin’s momentum is solid I think with or without the news of how much big companies BTC holdings.

matchi2011

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Quote from: SaShiRaJaVu on May 04, 2021, 10:55:04 AM

Quote from: janggernaut on May 03, 2021, 12:44:46 AM

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,

We heard the same news about Facebook and later came to know that it was just rumors. Alibaba is a Chinese company and hope you have heard about the disappearance of Jack Ma from the public space and there were rumors that the Chinese government has kept him prisoner and it was not a secret that his company was facing many regulatory issues by the government and if you think that they will be investing billions in Bitcoin then you must be joking without knowing the ground reality Tongue

.

Only Jack Ma can directly answer that, though you mentioned it right he's nowhere to find, if those rumors about
him being taking down by the government,

then there's no accurate answer whether they really / the company really bought that amount of bitcoin. Just rumors
lets wait if something will be out to inform the public.

SaShiRaJaVu

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Quote from: janggernaut on May 03, 2021, 12:44:46 AM

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,

We heard the same news about Facebook and later came to know that it was just rumors. Alibaba is a Chinese company and hope you have heard about the disappearance of Jack Ma from the public space and there were rumors that the Chinese government has kept him prisoner and it was not a secret that his company was facing many regulatory issues by the government and if you think that they will be investing billions in Bitcoin then you must be joking without knowing the ground reality Tongue

.

traderethereum

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If that news is real, that can boost bitcoin price to increase because that can give confidence for people to see that the big company like Alibaba also invest in bitcoin.
They will see that bitcoin now become worthy and that can attract them to invest in bitcoin too.
The more big company invest in bitcoin can give more supports for bitcoin, which means that bitcoin will have a chance to become global quickly.
But we still need support from the government because they are the regulator in every country.
Hopefully, that news can help Bitcoin surge to $70k, but we will see it later.

arwin100

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Quote from: magneto on May 04, 2021, 05:19:51 AM

Quote from: janggernaut on May 03, 2021, 12:44:46 AM

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.

I highly doubt that Alibaba has bought that much crypto.

Firstly, if they did, then the price action would be a lot crazier than they are currently. Unless they spread out their buys over a period of months which is very, very unlikely, a purchase of this size would swing the market up a lot more than the current price action suggests.

I have doubts about that news also since maybe they are spreading that information to hype and its so dangerous for us to engaged with it especially if we get FOMO when the price starting to ride up, but as I see there's no big move happening so I assume that we are right about our speculation since market is at stable situation right now.

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