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Learning & News => News related to Crypto => Topic started by: newshunter on May 16, 2020, 07:00:30 PM

Title: Bitcoin's Price Nears ‘Golden Cross,’ but Will BTC Finally Conquer $10K?
Post by: newshunter on May 16, 2020, 07:00:30 PM

Bitcoin's Price Nears ‘Golden Cross,’ but Will BTC Finally Conquer $10K?

Bitcoin's price is encouragingly posting higher lows while being rejected by the $10,000 level suggests that more downside could be expected.

Source: Bitcoin's Price Nears ‘Golden Cross,’ but Will BTC Finally Conquer $10K? (https://cointelegraph.com/news/bitcoin-price-nears-golden-cross-but-will-btc-finally-conquer-10k)

Would appreciate your opinion about this

Title: Re: Bitcoin's Price Nears ‘Golden Cross,’ but Will BTC Finally Conquer $10K?
Post by: Fenix on May 16, 2020, 09:35:02 PM

The fact that the price of bitcoin has not fallen after the recent reduction in remuneration to miners is already encouraging. Most likely, people are already preparing for the onset of the global economic crisis in the near future and therefore are investing their savings in Bitcoin and other cryptocurrencies as a financial asset that is not subject to inflation. Therefore, I think that in a few months Bitcoin will have a price much higher than ten thousand dollars.

Title: Re: Bitcoin's Price Nears ‘Golden Cross,’ but Will BTC Finally Conquer $10K?
Post by: bigcash2011 on May 17, 2020, 01:23:08 AM

Yes bitcoin needs to break 10k mark with good volume and momentum otherwise we can expect 8k to 10k range trading for couple of more months before it breaks 10k finally.