Bitcoin Forum

Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy’s pitched Bitcoin to over 1,4000 companies.  READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/02/08/bitcoin-eyes-50k-less-than-a-month-after-btc-price-broke-its-2017-all-time-high/

Well check your numbers because we just passed $42,200 a  NATH and climbing
so yes I guess $50k is iminent.

Breaking news, an announcement has been made that Tesla bought Bitcoin.

https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm

today is an extraordinary day for Bitcoin, as it hit a new ATH again after Tesla bought $ 1.5 Billion of Bitcoin.
It's getting close to reaching $ 50k and it might not take long to reach. The current top price for ATH is around $ 44k.
this was great news when Tesla Bought Bitcoin.

The news about Tesla investing $1.5 billion made the market rally, i was not expecting this news but once the news started hitting social media the price started to rally and this rally could breach the $50k valuation and Tesla is planning to include bitcoin in their business is a big news but the price of Tesla cars are well above the pay scale of many people.

Bitcoin price rally occurred immediately after this news broke. This is truly extraordinary. We all know who Elon Musk is and how it has affected cryptocurrencies these days. $ 50k is on the way and it's a great achievement. Many other altcoins also rose, especially DOGE, which has become a trending topic for the past 2 weeks. Tesla's business is amazing and its car prices are also above our salary scale, but when the price of bitcoin and other altcoins goes up, of course there will be a lot of upstart people who will benefit from today's rally in bitcoin prices.

After the official announcement of Tesla buying a 10 figure investment worth of BTC, it left the whole market shocked because it was a statement that was shown publicly through SEC filing and was enough to fuel this rally at an extremely bigger pace and also paved the way for more big names to start accepting crypto from today onwards, which means today is the best day for crypto.

get used to this. when price goes up every else goes up too. one of them is the "news" sites that keep showing up out of nowhere and low rank members who spam the link to those sites. all of them also contain low quality content such as this one.

Exactly.

They're popping when it's somehow delayed and when it's already after the pump. Even in other medias like Cointelegraph, I've seen the current price @ $43,000.

But it seems that they have already made an article only for $42,000.

Yeah I really don't see this stopping before $50k.  With elon pushing it the masses are flying in quicker than the price can handle.  Just sitting back and enjoying the show at this point :)

The setback after the 40k high wasn't that bad.

If all the setbacks will be like this, I won't complain.  :P The news coming from Tesla is really unexpected. We know, Elon Musk was just tweeting about bitcoin or doge, and those times, he was already giving us feelers for what's to come. Here we come $50k, maybe even before this month ends, we will achieve the 45k here. That would be awesome!

Maybe, unless we see a correction before it gets there--but I have a feeling that any such correction will happen after $50k is hit, not before.  But I've been wrong with my predictions so many times that I don't know why I even bother to type any of them out--it just seems like if bitcoin actually hits $50k, that might trigger some traders to start selling.  Who knows?  Bitcoin isn't even there yet, so we'll have to see.

Bitcoin's rise this year has been mind-blowing.  I remember thinking at this time last year that it'd be cool if $15k were reached--and that was before COVID hit the US.  After COVID, I was almost certain bitcoin wouldn't be seeing $10k for a long time.  So once again I'm stymied by the market.  Too bad I'm pretty much a bystander.

Let's wait and see who will come up next after Elon Musk to adopt Bitcoin, and there are some early rumors that it could be Apple next on the line.
If that happens we are surely going over big obstacle of $50k quicker than I expected, and once we pass it next stop is $100k, but be ready for some heavy corrections and take profits when you can.
That is easier said than done :)

I was thinking the same especially when the stocks starts falling. I was even thinking Btc would hit $2,000 or worse $1,000 during that time, and that wasn't a problem to me instead it's an opportunity, but it didn't happen lol.
This year's bullrun is indeed different and I bet not a lot of people were expecting a bull season during the global pandemic. Though everyone was speculating a $50,000 or $100,000 in 2021 post halving before the pandemic shocked the world. And here we are Btc is approaching the $50,000 mark.

On the other hand,
Elon Musk have really been a huge influence for everyone to buy cryptos. 1.5 billion dollars that made sense as to why Btc suddenly pumped and broke another record of ATH.

With what happened yesterday or 2 days ago, $50,000 price of Bitcoin might be achieved this month.
I'm always wrong with my prediction :D. I expected for Bitcoin to make a correction this month but it did the opposite of it.

Bitcoin's price movement has been hilarious in the past 2-3 months. I still remember myself doing nothing while seeing the price of Bitcoin going up to $4k last March when WHO announced that we are in a pandemic and here we are right now. If I at least bought some Bitcoins at that time even only $50, I already 10x my initial money by just holding. That is my biggest regret in my crypto experience but already moved on with it and I expect for more opportunities to come in the future :).

That sudden rise was driven by Tesla buying a big amount of bitcoin, $50k is close but I am a little bit worried about whales cashing out and profiting from the +$6k won at least!

I just never imagined that this year will be this good I was hoping that January is a good month to break the old record and from there Bitcoin will move slowly but surely and we will end the year with Bitcoin at $50 k but now that price is within reach and we are only on the second of the month there are still a lot of great things that are going to happen this year, this is so far the most exciting year for all of us.

Remains bullish, I think 45k is something of a trend for it to maintain this higher momentum.   Highs right this moment are a 12hr average (https://talkimg.com/images/2023/06/12/ArCzT.png) which is very fast momentum, its more reasonable for price to work off the 2 day average but while its rising very fast then I expect to see it stay above the 12hr while it bursts upwards.

Thankfully I didn't do that regret, I have two great moves in my 8 years of crypto existence, I sold my coins at 20k during ATH (bought back at 12k thinking it can't go lower so that ended up being a bad decision but selling at 20k was great) at 2017 and also buying at 6.5k last march as well.

I wanted to sell a bit but now I am waiting, I may actually take out about 10k dollars just in case, at that situation if it goes down I can still wait as long as I want to until it goes up since I already took out my initial investment plus even a small profit on top of it, I can still wait if bitcoin goes to 10k or if bitcoin goes to 100k, I will always be around, I will not need that money. Honestly when bitcoin crashes, it is always a great move to buy, I think it will never worth nothing, it will always worth something in the end.

Perhaps, the price can stable from $45k-$46k this week. But we have a big chance to break $50k soon, and that will make our profit will be bigger if we can buy at a low price. From your image, I guess the price can move to any price, so I think the next hours or days will be crucial for bitcoin. If the price can back to $47k or even break $48k, the price can increase more than that price. But if it's not, the price will stay at that price and needs to wait for more.

If I take a look at the market, the chance to back to $47k will be bigger after the price makes a correction a few hours ago. And if more support comes to the market, it can increase so high.

It's because of Tesla company and my opinion, this is not natural increase movement, because only affected by one company, but see the good side, even with huge buy but bitcoin price cant become increase massively this a sign that bitcoin is real decentralized that no one or company can control it