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

[lepbagong]

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

beyond all expectations what is happening right now, but it is real that there has been a very deep correction due to the bad news that came together and caused bitcoin to decline even though the price was about to increase and was able to reach ATH $64,804.72 - Apr 14, 2021, but finally now have to go down and not happen to achieve the predicted goal.

This should not have happened if we did not respond with excessive measures because if it was done like that the market would be volatile and it was inevitable that there would be a decline. but bitcoin is used to experiencing this and will be able to gradually increase again, I'm sure your forecast will be passed when entering the end of this year.

[lixer]

beyond all expectations what is happening right now, but it is real that there has been a very deep correction due to the bad news that came together and caused bitcoin to decline even though the price was about to increase and was able to reach ATH $64,804.72 - Apr 14, 2021, but finally now have to go down and not happen to achieve the predicted goal.

This should not have happened if we did not respond with excessive measures because if it was done like that the market would be volatile and it was inevitable that there would be a decline. but bitcoin is used to experiencing this and will be able to gradually increase again, I'm sure your forecast will be passed when entering the end of this year.

I do not think that we are here just because we have over-corrected, we have come here because of technical stuff. What are those technical stuff? They are stuff like auto liquidations and stop losses and all that, some people did sell of course otherwise how could it go down but there were a ton of those automatic stuff as well, and do not forget trading bots, they all sold as well when they saw it going down and there are tons of them.

So "normal response" happened, and it wouldn't be this low now if it was just that, all those excessive came from automated stuff and that is why we are even lower. There is nothing wrong with it, it helps us going up so it is bound to hurt us when it goes down, we have to take crypto market with the bad if we like it when it is good and there is nothing wrong with that. Just let it be for now as it is and it will go up.

[tippytoes]

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

No one knows what will happen exactly in the future, so that's fine. A lot of us thought that it may further increase but the opposite happened. Maybe, we are still in correction after reaching the ATH of about 64k with the influence of not so good news from China and the pullout of Tesla from btc payment. But it seems after going down to 29k, we are now back at 33k. More good news and maybe we will hit again the 40k mark. But definitely, it is not the end of btc as some newbies are asking if it is already the end of btc.

[inoes]

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

No one knows what will happen exactly in the future, so that's fine. A lot of us thought that it may further increase but the opposite happened. Maybe, we are still in correction after reaching the ATH of about 64k with the influence of not so good news from China and the pullout of Tesla from btc payment. But it seems after going down to 29k, we are now back at 33k. More good news and maybe we will hit again the 40k mark. But definitely, it is not the end of btc as some newbies are asking if it is already the end of btc.

bitcoin will hit $70k or dump.  well at first glance this looks like a prediction but actually it is certain.  if for example it has reached 70K, will it jump to 140K?  yeah sooner or later btc will also have a deep correction.  this is natural because it's too much for btc to get fomo so people forget the correction.

[STT]

The 55 to 40k area is not that large, in terms of negative I would still expect a proper frightener which is more like 20k but that might only last 10 minutes Im not sure.   This slow and steady pullback isnt that negative is my bones are telling me :p   just my experience and I can be off but I think its quite a natural move to consolidate price action.  Considering how massive the rise was thats fine.

Till we trade above this average I'll assume we have negative action still to play out, I dont take absolutes its just an attempt to keep track of how market is showing itself in near term strength vs weekly bars.  This is the Jan range and we are challenging but possibly confirming below, I'll continue to observe that process ongoing.

[Obito]

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment

This is actually a proof that the market is uncertain and that any numbers are just prediction that is being thrown out. Your thread isn't that any different with other people out there predicting the prices and also just hold on because if bitcoin is consistent, the prices will go up much higher in the future.

[bitterguy28]

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?

USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.

It does not happened in May 13th but the price did not surge to 70k instead before the end of May we experience the dumping and up to now the value is dropping Bad.

I guess the market is enough in pumping and its time to drops down to the next bitcoin halving.

[janggernaut]

I agree to most of you guys. Market is uncertain, but that's the art of cryptoworld. Those who hoping bitcoin will end or got huge dump just either newbie or whales who waiting to buy on cheap price.

If history will repeat just like 2013 or 2017, bitcoin will be worthy more than $100,000 (if this repeated only)

[TheEconomists]

I agree to most of you guys. Market is uncertain, but that's the art of cryptoworld. Those who hoping bitcoin will end or got huge dump just either newbie or whales who waiting to buy on cheap price.

If history will repeat just like 2013 or 2017, bitcoin will be worthy more than $100,000 (if this repeated only)

Your submission remind me of happened in the year 2017 to the price Bitcoin was such an amazing and no one expected it but happened at the end we all saw Bitcoin reaching $20,000 for the first time in history. However, one should have at the back of his or her mind that those factors that influence the market price Bitcoin and crypto currency in general are not seen in recent time and that is why there is element of doubt if Bitcoin could hit $100k before end of this year.