I think cryptocurrencies will replace or rival fiat money in trading. Cryptocurrency as a trading tool is still in its infancy, but it seems that the next 10 years will bring new innovations that will make it possible, as will the use of fiat currencies.
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Bitcoin looks green at the moment as the price bounced above the $50,000 resistance level from a low of $49,000. However, a price above the $50,000 level can continue to increase the Bitcoin price to higher highs. Meanwhile, you should note that consistent price increases can encourage more buyers to join the market as bulls can increase their positions.
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I really don't want to underline the pandemic to be the reason for your investment but take investing in bitcoin like investing in it like doing it on Christmas or st Patrick's day..it really doesn't matter. But if we had to make the pandemic as a reason, with time most of us will learn to use less of fiat in its physical form and will opt to use cashless options like cryptocurrencies, so yeah it's a good idea to invest in bitcoin now .
I think, because the price of bitcoin actually increases during the pandemic, where the prices of other investment commodities are exposed or fall due to the impact of covid-19. People certainly choose the right investment in securing their money. The Covid-19 outbreak that attacked various sectors, especially the economy, turned out to have its own influence on Bitcoin's performance. Therefore, it is not surprising that many people are increasingly interested in investing in Bitcoin
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Bitcoin is now at one of its last major high timeframe resistances after experiencing a dip a few months ago. Once bitcoin is able to break through this $50k resistance, there will be little resistance ahead until the old all-time high is hit again in the near term. However traders should be on the lookout for a possible move to $45k, while a break and close above $50k could lead to a rally to $55k.
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This week started with a high, not after bitcoin price went to an all-time high off above $50k, which is the highest price since May 2021, before dropping to $49k in the early hours of Tuesday this week.
Since then Bitcoin has been trying to climb back to that $50k benchmark but have faced so much resistance till this very moment, various analysts have predicted the price to stay above 50k this week but as we are all aware of the volatility in the Bitcoin market the week resided between $46k to $47k price with strong resistance.
What are your views on this, is the Bitcoin bull run tamed already or just gathering some momentum before breaking the limit?
The weakening of crypto assets today ended the strengthening trend experienced by crypto assets that occurred in the last few days. This is a good moment for traders to buy crypto assets at low prices. to benefit those who take advantage of the moment.
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After the bottom of $28,000, now to $45,000, will it continue to rise
After experiencing a significant price drop that took place several months ago, Bitcoin resumed its upward trend in price to $50,000. This uptrend is therefore needed to secure a higher bottom, allowing the bitcoin price to continue its uptrend to even higher price levels.
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Bitcoin price continued to rise and managed to break through the $50,000 level. This upward trend is expected to continue and potentially touch the $100,000 level this year. Bitcoin continues to show a positive trend has passed its key psychological level, at $50,000, which marks a strong dominance of investor interest. Is it really going back in Bearish, or will it be a minor correction after crossing $50,000. All of that is a confirmation priority for us, by sticking to bitcoin's strong fundamentals over the long term.
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There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?
Many people have made wise investment decisions in cryptocurrencies whether it was a bull market or a bear market. someone who is willing to take the risk of speculating on Bitcoin and other altcoins and make huge profits if they sell at the right time. Traders make huge profits by observing market movements and taking advantage of price changes.
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Bitcoin and cryptocurrency prices have jumped today with ethereum rival cardano making a huge leap higher—even after Coinbase revealed an ethereum surprise last week. The bitcoin price remains off the closely-watched $50,000 per bitcoin level but ethereum has climbed back over the $3,000 mark after dipping under it earlier today. Now, as cardano and solana make double-digit gains and outpace other cryptocurrencies, famed investment strategist Lyn Alden has predicted bitcoin will hit $100,000 and ethereum will reach $5,000 as soon as next year. ReferenceI think Lyn Alden prediction could come true or maybe his prediction could be wrong. For that, my advice if you want to invest in crypto, it is better to invest your funds according to your ability, so that if there is a severe weakening, you do not run the risk of a very large loss.
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The Bitcoin price has successfully returned to the current $50k. This is a psychological level, combined with the scenario towards $60k. I think the bitcoin price has the potential to continue its price hike towards $60k. Of course, before entering the target, minor corrections are still ahead.
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I think Bitcoin is on the rise again. The bitcoin price has touched the $50k mark at the moment. The price increase this time reached its highest level more than three months ago. This increase was predicted to continue to increase and continue to increase until the end of the year.
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As at the time of creating this thread Bitcoin is sold for $33,900, in recent days the entire market led by Bitcoin has faced what looks like a bear market where bitcoin went below $30,000 late last week before recovering back to its present price. This has driven me to the conclusion that bitcoin in this year 2021 made the highest price movement since it was created a decade ago. Can we now call 2021 the year of Bitcoin/crypto adoption year?
I think this year can be called crypto adoption because the integration of cryptocurrency into everyday aspects of life allows room to grow and strengthen itself as more than just an asset. It became a serious alternative financial system to fiat currency and people started to pay attention to it. we have seen a significant increase in bitcoin adoption by large institutions. Many large companies have accepted bitcoin as a payment method, and some have also purchased large amounts of bitcoin to use as an investment instrument. Therefore in the future the price of Bitcoin will again reach a new ATH.
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In my opinion, the price of BTC will again hit a new ATH later this year. Bitcoin's upward trend is still continuing. The reason for the increase in the price of Bitcoin is because more and more banks and large companies have openly accepted crypto asset-based investment management. Because the moment made a massive demand. The high demand makes the price of Bitcoin continue to increase. Because one of the factors increasing the price of Bitcoin is demand and supply. Therefore Bitcoin is still very likely to increase again this year. Although later there will be a slight decline due to market correction and profit taking. I don't think it's ever too late to buy Bitcoin right now, especially if the goal is long-term investment.
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I think there are a number of large companies that are flocking to buy Bitcoin and altcoins in large quantities so that the movement of the crypto market continues to increase significantly. However, you must remember, every time the price goes up, it doesn't mean that the strengthening will continue. There are periods where the price will fall or crash. This is what everyone who currently holds Bitcoin and altcoins should be wary of.
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The main advantage of long-term investing in cryptocurrency investments is maximizing profits, and minimizing losses. So, HODL is a wise strategy to apply when investors feel FOMO, FUD, and various other potentially detrimental emotions.
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Bitcoin price has managed to touch the current $50k level. if the trend continues to increase, Bitcoin has a chance to touch a new resistance level near $60,000. I'm sure the price of bitcoin will again reach new ATH later this year especially since the market is very bullish right now.
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Bitcoin is showing good signs of gains after breaking through the $48k resistance area, fueling hopes that the bitcoin price may hit a new all-time high. It is very important for Bitcoin to stay above the $48k level going forward. Therefore the price of Bitcoin will soon push to the position of $50k.
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I think Bitcoin and altcoins are in a bull market cycle and will continue until the end of this year. But this rally seems different from the one at the end of last year. First, the all-time high has been definitively breached. Second, institutions are piling up, while the public is still largely on the sidelines. So time will tell if Bitcoin finally hits new ATH levels but previous events suggest the potential for a big move higher in the next few months.
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Judging from the predictions that look bombastic, it's no wonder that investing in bitcoin is quite recommended. But this does not mean without risk, because everything will depend on various factors that will occur throughout 2022. Of course, Bitcoin price fluctuations from time to time will be adjusted to various factors. Besides Bitcoin, you can actually consider other types of cryptocurrencies whose prices are predicted to soar in 2022.
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I don't think Bitcoin Price will drop like 2018 anytime soon. There are differences in Bitcoin price movements in 2018 and 2020. in 2018 Bitcoin strengthened very quickly. Thus, profit-taking occurs en masse and damages Bitcoin price fundamentals. But if we observe this year, Bitcoin prices tend to strengthen more slowly. So many people who trade crypto don't realize that Bitcoin goes up little by little every day.
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