bitgov (OP)
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February 10, 2021, 10:52:09 AM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
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bitterguy28
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February 10, 2021, 11:36:29 AM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
Who Knows ? and also this same question has been asked for how many times since last year when the Bull started and you know the answer , Nothing is certain. and if People Knows this then everybody in the world had already invested in this coin?
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bitgov (OP)
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February 10, 2021, 11:49:42 AM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
Who Knows ? and also this same question has been asked for how many times since last year when the Bull started and you know the answer , Nothing is certain. and if People Knows this then everybody in the world had already invested in this coin? I asked this question mainly because of the information that has recently stimulated the entire cryptocurrency market. Do you think that the information about Elon Musk's investment in Bitcoin will raise the price over $50k, or is this the end of the increases and we can expect a correction, and we will wait a few more weeks for exceeding the $50 level? I personally believe that this is just the beginning of the increases, and the $50k should be exceeded by tomorrow at the latest.
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youdacapt
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February 10, 2021, 12:26:07 PM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
This will depend on whatever plays out from the market in the next few hours; at the moment there are price corrections and several new openings in almost all trade pairs; if the correction does not break support and turn to bear maket; then bitcoin can easily clock 50000$ this week. Not an investment advise so i urge you to understand that you are not profitable until you take profit.
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Fundamentals Of
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February 10, 2021, 12:41:04 PM |
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It will probably take days or weeks, not hours. We never know but that's what I thought. The sudden rise which was generally believed to be brought about by the purchase of Elon Musk's Tesla of $1.5 billion in Bitcoin is already done. It had successfully produced one long green candle. That was unbelievable. In total, there was a very big and quick growth from $37,000 to $48,000 in just a matter of hours. That was already enough for now I believe. That change of more than $10,000 in hours was incredible. It is expected that the price will correct first before $50,000 is reached.
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Quidat
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February 10, 2021, 02:31:58 PM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
Lightning speed in 40k? No it wasnt but not to deny that we did really able to breach out in a short span of time that we cant never imagined of for bitcoin to do such feat. 50k price or further 10k increments wont really be still a sure thing to happen in a fast manner but when we do talk about possibilities then it would likely to happen and it all matters with the demand.We do need a little bit more push towards the market and driving it out to 50k level. More bullish or adoption news will be good to see but lets see on what would happen on further months to come into this year.
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Poker Player
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February 10, 2021, 02:51:00 PM |
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I actually think that when it will cross that line is not the important thing. What is important is the trend, caused by a growing demand and a a protocol that limits supply. The most likely scenario is that we will see it cross not only $50k but $100k this year, and the most important thing is the type of asset we own.
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BrewMaster
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February 10, 2021, 03:17:14 PM |
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this rise has been slow but lets be honest the rise was about $8000 which means about 20% in only a couple of days. we can't expect the price to grow any bigger than that without creating a bubble, even if it is a small one. after the 20% rise we needed a small correction and obviously we got that too. $50k is still in the roadmap and will be reached pretty soon because the rising momentum is still very strong.
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There is a FOMO brewing...
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Lucius
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February 10, 2021, 03:35:27 PM |
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Do you think that the information about Elon Musk's investment in Bitcoin will raise the price over $50k, or is this the end of the increases and we can expect a correction, and we will wait a few more weeks for exceeding the $50 level? I personally believe that this is just the beginning of the increases, and the $50k should be exceeded by tomorrow at the latest.
The news that Tesla has invested in BTC had a short-lived effect that we could all see - but we should no longer expect the price to go up because of it. Unless a new investor with a similar investment shows up, I expect there will be a minor correction that we can notice now - the difference in 24 hours is currently around $3000 downwards. The market doesn’t just work the way someone buys, and there’s no doubt that many have taken advantage of this sudden jump to liquidate part of their crypto assets. Realistically, the price did not go up because EM bought a certain amount of BTC - but only because of the news that it happened. There are still quite enough BTC on the market for anyone looking to buy them - and so I think BTC will stay below $50 000 until some new positive news.
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blckhawk
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February 10, 2021, 03:45:55 PM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
Honestly, I have no total idea but I am pretty sure that it won't happen in the next couple of hours. Perhaps it would take a couple of days or weeks depending on if a large investor will make an entrance. The movement is kinda slow indeed, apparently because the resistance is getting strong. The uptrend is apparently made by the purchase of Elon's Tesla but it is now over expect that there will be a correction before we touch $50k once again. I am certain that the rally is not yet done so $50k will be possible however, we don't exactly when.
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The Cryptovator
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February 10, 2021, 04:44:22 PM |
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BTC $50K? Need more instinctual investors like Tesla. Everyone knows the reason behind of current uptrend. When a big investment new comes on crypto media, then we see an effect on bitcoin price. But after that always there is a price correction. There is no reason why Bitcoin should just continue pumping. It's playing around whales, FOMO and FUD. The Tesla effects on bitcoin price are over, so we are encountering a small correction. No one could say exactly if pump again after this correction or just play around $40K zone.
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GalaWan
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February 10, 2021, 04:51:38 PM |
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While we cannot predict whether Bitcoin will reach these levels when it was $ 100, I can say the same situation now. Also, there was a slowdown in the market right now, let's see what will happen as a result of this.
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Becky666
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February 10, 2021, 05:02:12 PM |
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<snip> Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
The system of bitcoin market isn't just a system we can just imagine or guess about, mostly in it price. Yeah, we moved swiftly to get into the $40k+ zone but something tells me that it was because of some good news that filtered in through Elon Musk, so, we should expect more bigger news to see something bigger in future, if that doesn't come early there might be a correction before another move of bitcoin into $50k. Currently, the bitcoin market keep mute maybe the correction will take place soon or another good news to push up the price.
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Clavulanic
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February 10, 2021, 05:36:09 PM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
For now we can't certainly conclude for best answers, and if we're going to see that $50k becomes reality for all who been trading well at bitcoin; fluctuations happened frequently. That price is nearly achievable this year without prior signs.
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pooya87
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February 11, 2021, 07:21:46 AM |
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Right now we have psychological barriers that have to break otherwise the upward rise is not changing. But more importantly we have some traders that keep shorting bitcoin who are preventing the price from going up. These sudden rises that we have has been a good way of making them lose a lot of money. When they run out of money enough to discourage them from shorting bitcoin that is when the price would rise with more ease and reach $50k. It could take a couple of weeks though.
People keep saying Elon Musk and Tesla were the reason for the rise but it wasn't. It was just an excuse to punish these shorters. But now they are once again shorting bitcoin to make up for the money they just lost. They need another punushment.
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ultrloa
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February 11, 2021, 09:32:31 AM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
For now we can't certainly conclude for best answers, and if we're going to see that $50k becomes reality for all who been trading well at bitcoin; fluctuations happened frequently. That price is nearly achievable this year without prior signs. Right since there's no concrete information about that speculation since any events may vary depends on the market condition, But I'm waiting for Musk tweets these days about bitcoin since the price by now is slowly dumping and maybe he can lift it up again by his magical touch ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) , But honestly $50k is reachable and it will just came and surprise us.
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ancafe
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February 11, 2021, 09:48:37 AM |
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for now, I am still very confident that an increase in the price of bitcoin can reach that price. although the increase in price is currently slowing down, however, it only takes another $ 5k before it reaches a price of $ 50k, and for bitcoin, I don't think a $ 5k increase in price is difficult. I suspect that this price will be reached in the coming week.
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aioc
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February 11, 2021, 10:04:29 AM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
Do not be hurry, Bitcoin eventually will reach it, it's only a matter of time and it will happen this month if this trend continues we will reach $200k I hope I'll have more Bitcoin before the end of this year, this is the best time to buy and HODL Bitcoin because of the possibility of a big pump, I expect the market to have a correction along the way but if the FUDS is not that strong compared to what we have in the last two years $200k is possible.
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Review Master
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February 11, 2021, 10:24:52 AM |
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for now, I am still very confident that an increase in the price of bitcoin can reach that price. although the increase in price is currently slowing down, however, it only takes another $ 5k before it reaches a price of $ 50k, and for bitcoin, I don't think a $ 5k increase in price is difficult. I suspect that this price will be reached in the coming week.
Indeed, bitcoin's having correction as more traders are fearing of a huge correction because of the Chinese New Year. Hopefully, it won't happen and bitcoin might gain on $50k again. TBH, i'm also expecting to be see that within this week or next one. Now, it's just about time to hit that level.
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Reatim
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February 11, 2021, 10:47:29 AM |
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The $40k level has been crossed at lightning speed and we are facing a $50k resistance. However, the market seems to have slowed down.
Do you think the $50k will be exceeded in the next hours or will we have to wait a loooot longer for it?
I will Consult my Magic Ball and might Give answer soon , can you wait? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) What do you think of people here? can predict what will happen for tomorrow ? you have attain a senior Account here yet don't know that it is impossible to answer? But if you are pointing about the Elon Musk tweets and other stuffs that says makes the price goes up , I believe that this already subside now and seemingly did not make enough room to hit the 50,000$ . But who knows right ? because now after falling to 44k level today Bitcoin price is once again Hype to 46k and looks like this is what we are waiting for.
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