Bitcoin Shrugging Off Bad News

[@Royale]

Bitcoin has recently seen its price break through a critical resistance level, which saw some declare the end of the bear market. Given the cryptocurrency’s performance, the crypto ecosystem’s market cap surpassed $200 billion [https://www.cryptoglobe.com/latest/2019/05/bitcoin-s-price-breaks-critical-resistance-as-crypto-market-cap-surpasses-200-billion/].

As of this writing, Bitcoin is exhibiting a $6,799.63 price on Coinmarketcap. It even went up to $6,836.55 earlier. This is just so amazing that regardless of the bad news Bitcoin encountered lately - nevertheless its price kept going up. It seems as though this cryptocurrency just stopped caring about all the bad news.
What could be behind bitcoin’s price performance? Many believe that the growing adoption from institutional investors had contributed a lot to this favorable circumstance.
What do you think guys?

[Zed0X]

What could be behind bitcoin’s price performance? Many believe that the growing adoption from institutional investors had contributed a lot to this favorable circumstance.

I don't know for sure. I've read something about a huge conference that's probably causing the increase in interest.

If you've followed some news before, there have been numerous articles that say infrastructures were being set up to accommodate institutional investors. Few weeks ago, I've also read that Nasdaq is doing some tests. Perhaps everything is almost ready?

[jonathancool220]

Perhaps everything is almost ready?

In my country even the blockchain is almost used with use in the State Central Bank, General Elections and all that is real will definitely use the Blockchain.
Maybe this also has a positive effect on Bitcoin because from all over the world the Blockchain system is being adopted.

[jet]

Bitcoin is simply amazing! All the negative news lately were never a hindrance to breaking the resistance level of bitcoin... Lately, it was traded above $7k. I think the bull market is making its move to protect bitcoin from fallen. Some investors are now back on track to bring bitcoin to limelight again.

[mlawson71]

I wonder how high it will rally before the next correction.

[damsix]

I am looking for the bad news for Bitcoin but did not find it, if I knew then I would archive it.
I am also surprised by this situation, but what is clear is that I only save Bitcoin a little and more HODL Ethereum in Binance for trading with newly launched IEO coins.

[Quart]

I am looking for the bad news for Bitcoin but did not find it,

You are the same with me. I have analyzed many discussions and read crypto news but I got nothing about it. Well, just don't think too much about it, it is normal to have a decline after some increases. Now, I think it is better to analyze what coins are good to buy at the cheap prices.

[sampoerna]

Well, just don't think too much about it, it is normal to have a decline after some increases. Now, I think it is better to analyze what coins are good to buy at the cheap prices.

Yes, don't think too much, bro. We won't get advantages to think about it. We just need to have good prices in Bitcoin. And the price looks increasing now, it is a good sign that Bitcoin in the right way to improve its value.

[I-Bit]

From the first existence, Bitcoin always fight the bad news about it. It comes from many bad news, both media, people talks, and also technology industry itself. However, now this coin is still alive and trusted enough in the crypto world. So now, it iwll be no worry about it anymore.

[mimikri]

I wonder how high it will rally before the next correction.

 So, it managed to touch 9 thousand (almost). The next run will bring us Bitcoin for 10 thousand. Let us simply be some more patient: the market will not fall greatly now.

[toheed2x]

I don't think so there is many good news coming up lets see its very early to say things like it.

[robelneo]

Bitcoin has recently seen its price break through a critical resistance level, which saw some declare the end of the bear market. Given the cryptocurrency’s performance, the crypto ecosystem’s market cap surpassed $200 billion [https://www.cryptoglobe.com/latest/2019/05/bitcoin-s-price-breaks-critical-resistance-as-crypto-market-cap-surpasses-200-billion/].

As of this writing, Bitcoin is exhibiting a $6,799.63 price on Coinmarketcap. It even went up to $6,836.55 earlier. This is just so amazing that regardless of the bad news Bitcoin encountered lately - nevertheless its price kept going up. It seems as though this cryptocurrency just stopped caring about all the bad news.
What could be behind bitcoin’s price performance? Many believe that the growing adoption from institutional investors had contributed a lot to this favorable circumstance.
What do you think guys?

It's one of those another good news is the up and coming Facebook coin that's making a lot of headline on the four corners of the cryptocurrency community and of course next year's halving is another reason why people should invest more on Bitcoin.

[Senin]

Yes, many have already noticed that Bitcoin is not so keenly responding with its price to bad news. This probably indicates that the market has become more mature and more stable. I do not mean in terms of price, but just some kind of consolidation. This is, in principle, very good.

[kent47400]

-

Good and you are the one who always steers clear of FUD for things about Bitcoin in various markets.
Because it is possible for people who have a lot of Bitcoin to create FUDs so that Bitcoin goes down and then buys again below, maybe the bad news is from those I mentioned.

[Prime]

There will be bad news about Bitcoin as long as there are many parties or people that don't like cryptocurrency. Spreading the bad news will really give bad influence for some members or Bitcoin holders. However, this is our right to pick the bad news or fight it or let it flow. I personally will not think too much about the bad news, let's gone bygone.