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

[k@suy]

Honestly, I am not aware of the rumors and many people here are not but if the rumors are confirmed to be true expect a massive pump and $70k is just a start, people want confirmation people they invest, majority of investors are weak hands and part of the domino effect, who will just follow the market trend and whales whenever there is movement in the market.

Upon reading this thread I made my quick research about this rumor but I guess I haven't found the legit source. But if this is just a rumor for now maybe hopefully on the following days alibaba can release an official announcement if it is officially buy a 20 billion Bitcoin.
What I felt about this if it might be ttue was a massive bomb explode on the bitcoin market exchange rate hopefully give a positive feedback and make bitcoin price goes higher and attain new ATH.

[proudhon]

The price of bitcoin is going to catastrophically collapse after the 13th. It's so obvious it hurts my scientific brain.

[Ridwan Fauzi]

That is really good news and will give a good effect for bitcoin price movement. There is no different cases with Tesla, I mean a huge pump will come if Alibaba announch that they already invested their money into bitcoin.

Bitcoin price movement still move in the sideaway market, I mean there is no panic selling when its price failed to passed the previous all time high $64.000 but its price just meet a small correctio to $55.000.

This has pointed out that many investor just comfortable to hold their bitcoin and forget a huge that will happen after a huge increase like 2017 ago. So as a good news will really give a huge effect for bitcoin moreover the news come from the popular company.

[fadhilz123]

Today is May 7th and the price of Bitcoin still around $57K. So about your question is 6th days later based on the situation Bitcoin will not reach $70K, and I think Bitcoin also will not dump but Bitcoin will keep continue to increase slowly but surely.

Actually, I didn't expect such a question from a Legendary Member. So can you stop make a thread like this

Bitcoin will surpass $70K you just need to patient

[uray]

Today is May 7th and the price of Bitcoin still around $57K. So about your question is 6th days later based on the situation Bitcoin will not reach $70K, and I think Bitcoin also will not dump but Bitcoin will keep continue to increase slowly but surely.

If you are asking me i would like to see a huge correction before another rally but the market is not allowing that to happen as the investment keeps on pouring in whenever there is a correction. I always like to see a gradual growth rather than rapid increase but in the cryptocurrency space we are yet to see that kind of growth. Despite all that i like how the market is right now where it is giving everyone the opportunity.

[NameBaby]

I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.
Anyway I think Bitcoin will not go below 45k now

[Dave1]

I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.

Yes, I would say that this is fake news.

Anyway I think Bitcoin will not go below 45k now

Don't spoke too soon, we don't really know which direction it will go in the future.

We said that bitcoin will not go below $50k, and it did.

And so as far as $70k goes, it could go in the next one, but I highly doubt it. Bitcoin has been trading sideways and it will continue to do so unless there is a break out run. Nevertheless, this is a good opportunity to jump in.

[traderethereum]

I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.
Anyway I think Bitcoin will not go below 45k now

We do not know about that and no one will know.
We can hope that it will not happen because we already reach $50k and even the price now is back to $57k, so maybe the chance to increase now will be bigger than before.
But we need to be careful because the downtrend will always come after the price reaches the highest price, so you need to know what you need to do if the downtrend comes.
I hope that the price can back to $60k in the next week and hopefully, that can still increase higher and reach $70k.

[RealMalatesta]

I hope that the price can back to $60k in the next week and hopefully, that can still increase higher and reach $70k.

Yeah bitcoin is slowly climbing up toward $60k levels, it may test a new ATH in coming days regardless of what those institutions or corporate's hand into bitcoin markets. I personally believe there cannot be any big fluctuation on May 13th just because of those China market giant. We may have calm market conditions like how we are doing last 2 weeks of times.

So far, we did not experience any bull run due to any big money like 20 billion dollars inflow hence if that news turns as a rumor then we will not have any downfall but at the same time if it will be confirmed then we may start seeing another round of bull run.

[newwest]

I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.
Anyway I think Bitcoin will not go below 45k now

I do not expect any price fall because only the rumours exists and just in case if they published they hold it then market may rise else would be near at the same level if they do not mention anything about btc which means they not holding it. Btc no doubt is getting back to its 60k levels and might continue to get stable above it.

[Jating]

It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

[Clement Kaliyar]

We can hope that it will not happen because we already reach $50k and even the price now is back to $57k, so maybe the chance to increase now will be bigger than before.
But we need to be careful because the downtrend will always come after the price reaches the highest price, so you need to know what you need to do if the downtrend comes.

As long as the investors are confident in invest in Bitcoin irrespective of the price we will not see any major correction, today the market grew over 3% and it is trading over $58.5k and i think we will pause at the resistance this time too.

I hope that the price can back to $60k in the next week and hopefully, that can still increase higher and reach $70k.

The price will be back to $60k but whether it will break the resistance this time is the big question. I think it will take a much longer time to break the resistance.

[TravelMug]

It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

The price went over $59,000 several times but it was not enough, there is no momentum as traders sold off at this price.

Yeah, it's weekend so we should expect a slow down, so I wouldn't mine seeing the price on the $58k and then slowly getting up again tomorrow Monday as we may see a huge volume again during the start of the week. That $70k might have to wait though, steady gains is what we wanted, we don't want to see artificial pump just to reach this milestone.

[Pamadar]

It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

The price went over $59,000 several times but it was not enough, there is no momentum as traders sold off at this price.

Yeah, it's weekend so we should expect a slow down, so I wouldn't mine seeing the price on the $58k and then slowly getting up again tomorrow Monday as we may see a huge volume again during the start of the week. That $70k might have to wait though, steady gains is what we wanted, we don't want to see artificial pump just to reach this milestone.

Slowly but progressive is better than artificial pump that may breakdown really quick.

Weekends might show some fall as some may cashout for some personal reasons, but along the way we are still seeing good market
movements, there are long term investors who keep their assets and wait for their target than those day traders who are just scalping and trying to rinse from time to time.

[pooya87]

The price went over $59,000 several times but it was not enough, there is no momentum as traders sold off at this price.

That's because $59k is not important, the $60k is. Similar to $53k not being important (support) but $50k is.
The day traders are also still pretty busy pump and dumping shitcoins so they are remaining in the altcoin market for the time being and won't jump back for $59k. They are waiting until the newbies run out of money in altcoin market then dump and come back or for bitcoin to break $60k to dump and run back.

[adaseb]

The reason why BTC is not doing anything while all alts are going crazy is because the dominace is dropping like a rock since beginning of April. Until we see dominance start to go up, it will keep trading sideways and alts like ETH, XRP, Doge will rally like crazy breaking ATH after ATH.

Currently most people rather buy Doge or ETH because BTC is just too expensive. Most people believe it will hit $100K, however it doesn't leave much profit if they buy at say $50K. Its only 2x gains.

If they buy Doge or ETH or that Shiba coin they can make 5x or more 10x gains. Hence why people are dumping btc for alts. And it will be this way until the trend reverses.

[nightwishx]

It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

Bro, I think if these "rumors" are true, BTC will hit ATH again in a fairly short time, even sooner than Tesla's announcement, imo. Moreover, Alibaba buys an insane amount of money, it can increase the value of bitcoins significantly quickly

[pilosopotasyo]

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.

So we have 4 days to wait for the results of the audit, so the results are a confirmation that they indeed bought $20 billion of Bitcoin, so from rumors we now have confirmation, this is something to watch out for and see how the community reacts, many investors wait for the confirmation before investing, those who buy the rumors are going to make a big profit when this is confirmed.

[janggernaut]

That is really good news and will give a good effect for bitcoin price movement. There is no different cases with Tesla, I mean a huge pump will come if Alibaba announch that they already invested their money into bitcoin.

Bitcoin price movement still move in the sideaway market, I mean there is no panic selling when its price failed to passed the previous all time high $64.000 but its price just meet a small correctio to $55.000.

This has pointed out that many investor just comfortable to hold their bitcoin and forget a huge that will happen after a huge increase like 2017 ago. So as a good news will really give a huge effect for bitcoin moreover the news come from the popular company.

This still a rumor, no one has said this is the real news and all people will hope this rumor will comes true.

Today is May 7th and the price of Bitcoin still around $57K. So about your question is 6th days later based on the situation Bitcoin will not reach $70K, and I think Bitcoin also will not dump but Bitcoin will keep continue to increase slowly but surely.

Actually, I didn't expect such a question from a Legendary Member. So can you stop make a thread like this

Bitcoin will surpass $70K you just need to patient

Bitcoin is indeed going to $60k, but have you seen bitcoin dominance? It's still 45%, not a good sign if you are hoping bitcoin can go $70k.

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.

So we have 4 days to wait for the results of the audit, so the results are a confirmation that they indeed bought $20 billion of Bitcoin, so from rumors we now have confirmation, this is something to watch out for and see how the community reacts, many investors wait for the confirmation before investing, those who buy the rumors are going to make a big profit when this is confirmed.

What audit? It said it will be published on unaudited, not fully audited yet.

[rodskee]

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.

4 days to go , I'm still watching your Predictions  , I will never let pass any of them to see the credibility 

if I'm not mistaken you have created multiple speculative thread that i come across 


I'm holding my coins still , and no plan of selling not until bitcoin reached 100k , so 70k is the first sign for me then 80k and if that being reached, surely 100k will be the next .