Bitcoin Hits Record $48.2K

[Alucard1]

Bitcoin could go farther than that, hoping that bitcoin could reach $100k within this year, we have seen many people especially those big names that ate now trying to buy and invest in bitcoin and those persons can attract a lot of people as well. When Tesla bought $1.5 billion worth of bitcoin, I got surprised and think that it would be the start of mass adoption but maybe we have to do more than that, even though we didn't see huge mass adoption, we can still see the progress.

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[Yaunfitda]

Currently its ATH is at $49k which is hitting a new record again. Will it reach $50k before the first quarter of the year or it’ll be bearish after. It’s a good thing a lot of people are now investing bitcoin, I know a lot of my family and friends who have just invested early last year and just realized they should’ve invested way way before when I told them 4 years ago.

Even if we didn't hit $50k in the first quarter of 2021, does it mean that we are in bearish mode again.

Again, bitcoin's narrative has change a lot with this huge money coming from big companies like Tesla. So I think we just started the bullish phase with just minor drop in prices. But I do agree that $50k is a big barrier for now. We almost at arm's way but then again after setting a new all time high yesterday, we see some sell-off. And so again we will try to attempt this big mental barrier again this week and we could be successful.

[rosebrand]

Earlier this year many predicted bitcoin price reaching $50k and it was as if it's impossible because $50k was a bit far from it's actual price, but with it's current price and how prices are moving it's clearly seen that bitcoin will surpass $50k, it's a good movement bitcoin hits $48.2k and for me I think the bullish season has just started we will experience more high prices.

[Vishnu.Reang]

We came so close to breaching $50K. According to Coinmarketcap, today's daily high was $49,487.64 (I have seen $49,700 in some other sources). Anyway, I am not disheartened. Eventually this resistance level will be breached. That is almost a 400% jump from the prices we had 12 months back. A year back, no one would have believed if you told them that within a year Bitcoin will touch $50,000. Congrats to all the long term holders. Out patience has paid off. And don't sell all of your coins yet. My target is $100,000 for the short term (by 2022).

[Ziskinberg]

Bitcoin could go farther than that, hoping that bitcoin could reach $100k within this year, we have seen many people especially those big names that ate now trying to buy and invest in bitcoin and those persons can attract a lot of people as well. When Tesla bought $1.5 billion worth of bitcoin, I got surprised and think that it would be the start of mass adoption but maybe we have to do more than that, even though we didn't see huge mass adoption, we can still see the progress.

Many speculations, market prediction, I think most of us now are in the hypes because we saw the market really moving high. But thinking for $100k within this year seems to be possible but just a slim chance. Why? Because that was too much, Bitcoin will be turned to be overpriced for that time and I don't think if there is someone who can afford to buy that or just wait for the market to calm down. I also not buying that time, I'd rather have to choose altcoins which give me a chance to make money more than having Bitcoin.

[cheezcarls]

I think it even got to $49,500 before it gets rejected by the resistance plunging below $48k. Maybe it was all because of that FUD by the US government where they don’t like corporations to replace US dollar with Bitcoin in the balance sheets like what Tesla is planning. The US dollar is currently the world’s reserved currency, and the government ain’t letting BTC gonna replace them anytime soon.

[Vishnu.Reang]

I think it even got to $49,500 before it gets rejected by the resistance plunging below $48k. Maybe it was all because of that FUD by the US government where they don’t like corporations to replace US dollar with Bitcoin in the balance sheets like what Tesla is planning. The US dollar is currently the world’s reserved currency, and the government ain’t letting BTC gonna replace them anytime soon.

The US government will be in a very difficult position, if the corporates dump their US treasury bonds and replace them with BTC. This can't come at a worse time for them, as the Biden government is about to finalize the $1.9 trillion stimulus. If there is no demand for US treasury bonds, then the government won't be able to take debt at low interest rates, although such a scenario looks remote now.

Right now, none of the other corporates have announced that they will sell their treasury bonds. The demand for these bonds in the market remains quite strong, and as such the government doesn't have anything to worry in the immediate term. But in the long term, there is a strong possibility that the demand for treasury bonds may subside if the interest rates are much less adequate to make up for the fall in purchasing power.

[Nikole Fischer]

Now the Bitcoin price has reached 48k. Such a good start of the week! I expect that 50k will be already at the end of this week. GO, BITCOIN!

[sayaya17]

This results from the patience of those who have held bitcoin for so long who believe that bitcoin will reach $100k. I think soon bitcoin will touch $50k.
I'm going to go on and hold the bitcoin until the price is high. Perhaps now  many traders  and  investors are  convinced that  to break  through $100k,
it could happen with a correction of course, before reaching that price.

[Sithara007]

I am checking the exchange rates at Bitstamp, and for quite sometime the prices are hovering between $49,400 and $49,600. There seems to be a lot of resistance around $49,500 level. To breach this level and move forward, Bitcoin might need considerable push. And despite the fact that we are so close to the 50K mark, I don't expect Bitcoin to touch that level today, or during the next few days. There is going to be a lot of volatility around $49,000-$49,500 levels for some time now.

[pakhitheboss]

I am checking the exchange rates at Bitstamp, and for quite sometime the prices are hovering between $49,400 and $49,600. There seems to be a lot of resistance around $49,500 level. To breach this level and move forward, Bitcoin might need considerable push. And despite the fact that we are so close to the 50K mark, I don't expect Bitcoin to touch that level today, or during the next few days. There is going to be a lot of volatility around $49,000-$49,500 levels for some time now.

You are correct there is good resistance at $49500 level but, I think Bitcoin will break the 50k mark before the end of this month. It has been breaking all its previous ATH from last year December and 50k will be broken.

[jjdub7]

Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before.

Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours.

References: https://www.coindesk.com/market-wrap-bitcoin-record-cme-ether-futures

In fact, the price of BTC rose by nearly 25% in 7 days, with market sentiment bullish towards neutral.

Now, as far as the Bitcoin market is concerned, there is a concentration of 10% on the largest holders of the asset and this is a good sign for the price rally. In addition, both Bitcoin's active addresses and the supply of stable coins such as the USDT remain high, a reassuring sign that BTC may recover after a slight price adjustment.

These findings appear to point to an extended price rise until the price reaches $ 100,000 according to the S2F model (or S2Fx) of Plan B.

[UserU]

Just checked on Google and it has went over 49 grand again. I wonder if it could breach 50 by tonight.

The bull run is indeed exhilarating yet scary at the same time.

[Vishnu.Reang]

I am checking the exchange rates at Bitstamp, and for quite sometime the prices are hovering between $49,400 and $49,600. There seems to be a lot of resistance around $49,500 level. To breach this level and move forward, Bitcoin might need considerable push. And despite the fact that we are so close to the 50K mark, I don't expect Bitcoin to touch that level today, or during the next few days. There is going to be a lot of volatility around $49,000-$49,500 levels for some time now.

You are correct there is good resistance at $49500 level but, I think Bitcoin will break the 50k mark before the end of this month. It has been breaking all its previous ATH from last year December and 50k will be broken.

Two weeks time may be enough to breach the resistance at that level, I guess. It has been almost two weeks and another two weeks should do the job. I still remember what happened when BTC hit $19,500 mark last year. It took a long time to breach the resistance between 19.5K and 20K. I guess a lot of individual investors have set their selling target at 49.5K-50K and this is the reason why we have so much resistance at that level.

[3meek]

Just checked on Google and it has went over 49 grand again. I wonder if it could breach 50 by tonight.

The bull run is indeed exhilarating yet scary at the same time.

An hour ago bitcoin tested 50500...
Now the price has fallen back to 49,000...
I hope that this is just the beginning and soon we will finally overcome the 50K!

[UserU]

Just checked on Google and it has went over 49 grand again. I wonder if it could breach 50 by tonight.

The bull run is indeed exhilarating yet scary at the same time.

An hour ago bitcoin tested 50500...
Now the price has fallen back to 49,000...
I hope that this is just the beginning and soon we will finally overcome the 50K!

Oh, I didn't notice that!

It's totally crazy imagining a digital coin pushing boundaries no other thing has ever done, with the exception of the Berkshire Hathaway stock

[oemar bakrie]

lucky for those who were saving and holding back when bitcoin hadn't reached that high price..
and I'm sure this year Bitcoin will definitely go to the moon

[jacobjorden]

Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before.

Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours.

References: https://www.coindesk.com/market-wrap-bitcoin-record-cme-ether-futures

Bitcoin Hit $49k Wednesday's price records. May its passed today $50k.

[Issa56]

Bitcoin have been doing well for the past few months and I believe bitcoin is still going to do better in the nearest future. Bitcoin already hit $50k and I believe it is still going to do better, currently lots of people have been complaining about bitcoin price and they have been scared to invest because the thing bitcoin is going to dump very soon, but all am expecting is correction which is normal I believe bitcoin price is still very low and if you are not holding bitcoin in your wallet before this is the best time to Buy because very soon bitcoin will be super bullish and you will endup regretting why you don't buy when it was still low.

[UserU]

Well, new ATH to target now bois