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

[bitterguy28]

3 days more , do you think this is still possible mate?

I'm no seeing any sign that this will indeed to happen.

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[Farma]

Well, Alibaba is a big company, and that's going to push the bitcoin price even higher. I wish it could cost more than $ 70k with Alibaba joining. if it is really released, then the potential for bitcoin will be even stronger and I feel vulnerable to falling again. however, we can see whether this speculation is true or not on the 13th.

[bakasabo]

Isnt Bitcoin banned or have some limitation in China? Alibaba, or Alibaba group are China registered campaigns. I would not rely much on Alibabas report surging Bitcoin price high. From my point of view China and cryptocurrency are like ticking bomb. They can make a huge explosion and drop price to the bottom, or they can "wind up the clock" again. I dont think that in 2-3 days something extraordinary would happen. We would still be in flat market with the price of Bitcoin $54-58k.

[Ararbermas]

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.

if that's true for sure bitcoin will become hype again on this month of may or until june in my opinion. wherein like what happened on it when TESLA announced they've invested in a huge amount on bitcoin, it improves more and now has new ATH, and also this will be a good new for those holder who's waiting for more improvement in the market because of being stuck up and already missed the opportunity to sell off..  Perhaps all of us will be happy to see it again wherein making great progress ... I hope this is true.  

[slaman29]

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

[btc78]

Well, Alibaba is a big company, and that's going to push the bitcoin price even higher. I wish it could cost more than $ 70k with Alibaba joining. if it is really released, then the potential for bitcoin will be even stronger and I feel vulnerable to falling again. however, we can see whether this speculation is true or not on the 13th.

Everything will be said and done in the next 2 days.

Alibaba is indeed one of the most established and popular company now but as what Paypal and Tesla brings , it does not take effect ASAP instead it took months before we finally feel the effect.

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

at least 10-15% mate to be specific, so basically we need a Bull effect from this moment till the next 2 days more.

[slapper]

Isnt Bitcoin banned or have some limitation in China? Alibaba, or Alibaba group are China registered campaigns. I would not rely much on Alibabas report surging Bitcoin price high. From my point of view China and cryptocurrency are like ticking bomb. They can make a huge explosion and drop price to the bottom, or they can "wind up the clock" again. I dont think that in 2-3 days something extraordinary would happen. We would still be in flat market with the price of Bitcoin $54-58k.

There are few restrictions in using bitcoin in China. However, Alibaba is one of the biggest companies and compromises should be made between them and the government. I also do not rely on the upcoming report but others are expecting to see positive news from the company. If they truly hold bitcoin, a price of bitcoin will definitely surge to the latest ATH. Then, $70000 will be our next possible target in a short term

[arwin100]

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.

[target]

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.

My thoughts as well. 2 days  left but its not going to break any resistance above. The bright side is that the marketcap of  cryptocurrency market continues to grow bigger. There is money flowing in crypto, the money however isn't going into the major coins like BTC. Its going into the altcoins we never know people will actually invest in.

[kotajikikox]

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.

My thoughts as well. 2 days  left but its not going to break any resistance above. The bright side is that the marketcap of  cryptocurrency market continues to grow bigger. There is money flowing in crypto, the money however isn't going into the major coins like BTC. Its going into the altcoins we never know people will actually invest in.

sad reality . the 60k resistance becomes a Hard barricade now , after being broken twice now it seems that Bitcoin cannot even make close.

two attempts this week alone but did not make it there.

so for me the 2 days remaining is not enough, and the whole month of may is the possible chance of making this thread happening.

[udidrone]

sad reality . the 60k resistance becomes a Hard barricade now , after being broken twice now it seems that Bitcoin cannot even make close.

two attempts this week alone but did not make it there.

so for me the 2 days remaining is not enough, and the whole month of may is the possible chance of making this thread happening.

At least maybe price can keep stable although can't break $60k. Good news can be used for people to keep holding their assets. Although not much demands but no more selling is can already help bitcoin price to be stable. My prediction maybe 1-2 month bitcoin price start to get affected from that Alibaba news if really happen.

[mrjoy15]

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.

My thoughts as well. 2 days  left but its not going to break any resistance above. The bright side is that the marketcap of  cryptocurrency market continues to grow bigger. There is money flowing in crypto, the money however isn't going into the major coins like BTC. Its going into the altcoins we never know people will actually invest in.

sad reality . the 60k resistance becomes a Hard barricade now , after being broken twice now it seems that Bitcoin cannot even make close.

two attempts this week alone but did not make it there.

so for me the 2 days remaining is not enough, and the whole month of may is the possible chance of making this thread happening.

yep, we have two days in hands but there is no syndrome Bitcoin could break the 60K resistance. Bitcoin tried twice attempts but every time no shine. There are literally nothings we can do and better off doing nothing. I pick my decision, go through hold on this tough market.

[rahmatrf331]

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.

This is amazing about bitcoin.
I think if this news is true that alibaba has invested in bitcoin assets as much as $ 20 million dollars, maybe this is a form that the price of bitcoin will continue to rise and will be reached in the near future worth $ 70,000 percoin. an amazing thing.

[lionheart78]

3 days more , do you think this is still possible mate?

I'm no seeing any sign that this will indeed to happen.

Well the Bitcoin market is very unpredictable, even though we don't see any sign that this surge will happen, we still don't know what will happen next.  All we can do is to speculate and hope that the surge will happen but I think the bitcoin market price will continue to move sideways since the news on Alibaba buying BTC seems has no effect at all.

[bakasabo]

Isnt Bitcoin banned or have some limitation in China? Alibaba, or Alibaba group are China registered campaigns. I would not rely much on Alibabas report surging Bitcoin price high. From my point of view China and cryptocurrency are like ticking bomb. They can make a huge explosion and drop price to the bottom, or they can "wind up the clock" again. I dont think that in 2-3 days something extraordinary would happen. We would still be in flat market with the price of Bitcoin $54-58k.

There are few restrictions in using bitcoin in China. However, Alibaba is one of the biggest companies and compromises should be made between them and the government. I also do not rely on the upcoming report but others are expecting to see positive news from the company. If they truly hold bitcoin, a price of bitcoin will definitely surge to the latest ATH. Then, $70000 will be our next possible target in a short term

This does not look like a fair competition. Why someone should face restrictions, but those who have a lot of money only compromises. It is clear that Alibaba brings a lot of money to Chinas treasury. But such unfair situation might trigger other to avoid using Alibaba.

I think this all is just a clickbait. There is no real proof. This is just a rumor and Alibaba did not verity investment info. Alibaba group consist of a large number of companies and thousands of employees. If they really had made such and investment, such information would have leaked.

[slaman29]

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

at least 10-15% mate to be specific, so basically we need a Bull effect from this moment till the next 2 days more.

But I was specific, I just said 10% consecutively from today, which means about 20% and well, it's still not too late as we can see BTC recovering but there is a strange resistance at 57000 no one can seem to explain except perhaps 57/58 is where most bulls bought their holdings so don't want to let it climb too far above that to keep buying entry:)

[buwaytress]

Been seeing this 57k resistance level being thrown around a few times now and not sure where it's coming from but the charts this week do seem to hold true to that. Loads of buy trades on LBC also taken down around this range, stuck around 54-55k, at two currencies I'm watching for anyway.

Always feel like there's something they know I don't, or traders just preparing for some volatility coming up to Friday. Either way, sideways we go.

[FanEagle]

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it...

Many people are sharing like they are not ready to believe in this but I like to ask them when we individuals are planning for better future through bitcoins, then market giants with billions of money why not think about not missing an opportunity which is running for more than 10 years and giving out good ROI.

Believe or not, your friends and your colleague also might be involving with bitcoin in some other way but not disclosing to you for some reasons. This way big companies and celebrities will unveil their secret investments over the time if needed or will keep them hidden forever but we can assume by seeing stronger rallies with bitcoin markets.

[johnwest]

It doesn't look like BTC is going for the 70k$ price any time soon. It is barely holding the support at this moment and might not be able to hold if there is no volume for it. Also, we have seen the Facebook FUD, 2 weeks ago, so probably, Alibaba is also a similar FUD. This is not a good sign for crypto in general, these FUDs making the market uncertain and the impact of this will be on the small size traders.

[LUCKMCFLY]

There are many predictions that bitcoin can even reach $ 80k, in the analysis of this article they show the short-term graph, especially at 4h where the analyst specifies that a bearish movement is more likely than a bullish movement, however it is the short-term trend and is easier to reverse if a major move occurs:

On the 4H chart, Bitcoin (BTC) is trading sideways; however, the short-term scenario is more bearish than bullish. A possible drop is confirmed by increasing selling trading volume, which means that traders might expect a fall to $53,500 very soon.

Source: https://u.today/btc-eth-xrp-and-doge-price-analysis-for-may-12

Just looking at the Bitcoin chart you can see a slight laterality, you can even see that it has grown a little, around 2%, but it still has a degree of uncertainty.