Quote from: RealMalatesta on May 08, 2021, 08:48:21 AM

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.

We will see it later the next week, and hopefully, the price can back to $60k in the next week.
But reaching the last ATH will not easy as that still need more time to break every high price and needs more support to lift the price.
Even if a big fluctuation happens on May 13th, that will not stop bitcoin price moves to the high price because bitcoin can still make a new ATH.
That can be another bull run that will happen this month and lift the price to break the next target high price.

Quote from: Clement Kaliyar on May 08, 2021, 12:10:31 PM

Quote from: traderethereum on May 08, 2021, 07:01:51 AM

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.

After what they saw happened to bitcoin from a long time ago until now, they are confident to invest in bitcoin and even if any major correction comes to them, some big companies will think it is their best luck to buy bitcoin at the lowest price.
I guess the price will stay or stable at that price, but it could start moves in the next week.
If that is happening like that, I think that will be a good time for the altcoins to increase.

Quote from: Clement Kaliyar on May 08, 2021, 12:10:31 PM

Quote from: traderethereum on May 08, 2021, 07:01:51 AM

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.

Breaking the resistance will only a matter of time and I am sure it will happen sooner or later, although we do not know when it will happen.