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[AudraMiller]

Over the last week the price of Bitcoin has continued to rise, with there being a 25% increase in its price. This is largely attributed to the investment that was made by Elon Musk and Tesla recently, which amounted to 1.5 billion us dollars. This pushed Bitcoin from the 30k region to over the 40 USD region, and according to experts, this could be a great indication of the price of Bitcoin breaching the 50k mark and continuing to rise from there.

What are your thoughts on this? Do you think that another bull run is imminent as predicted, or could we see a bear run with multiple sales orders being positioned before the 50k mark?

 

[BullyMaguire]

Just like last December Bitcoin is having a hard time breaking the resistance.. i think if it reached 50k another bullish run will happen

 

[Niftyicon]

Bitcoin seems to be stabilizing at the $47k mark for now and as close to $50k that is, I think it would take some serious investments to push it past that mark.

 

[AudraMiller]

Just like last December Bitcoin is having a hard time breaking the resistance.. i think if it reached 50k another bullish run will happen

In my opinion I think that it can reach the 50000 USD Mark however the concern that I have is that many people would be prepared to sell at that point and there are also a lot of contracts that are expiring now so these people would also sell their Bitcoin. As a result a bullish market can easily turn into a bear market if we are not careful in the Bitcoin field.

 

[BullyMaguire]

In my opinion I think that it can reach the 50000 USD Mark however the concern that I have is that many people would be prepared to sell at that point and there are also a lot of contracts that are expiring now so these people would also sell their Bitcoin. As a result a bullish market can easily turn into a bear market if we are not careful in the Bitcoin field.

That's true.. nothing is certain so every small investors should be careful because when the whales moves there can be a good and bad effects.

 

[Rollerkid]

The coin did well, it pushed above the 50k dollars when the prediction was made. Now we are thinking it might set another record in the next bull run and maybe rise to a price Mark higher.

 

[Wisdom01]

Large investment by top companies do infulence the price of bitcoin and this is definitely what happened in the case of telsa , but i think the price has fallen again

 

[achawaskey]

It depends what the investors want, if they feel that the prise will rise, then is time to invest and if they want the prise to fall let them sell.

 

[Kunkun]

Now that the 50k mark and been exceeded, there are predictions now of it pushing towards 65k but fingers crossed but I'm positive it could go all the way there