The Future of Cryptocurrency Following Elon Musk's Tweet

[cryptonaut007]

The cryptocurrency market is extremely volatile. As a cryptocurrency newbie, I am somewhat lost on what to do next.

The crypto market is back to green, but who's to say for how long?

Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?

[Review Master]

Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?

First of all, it'll be the best to change the title as it's misleading because crypto market don't even follow anyone's tweets  because market will be here, but those people will come to make profit and left the market.

Secondly, bitcoin might rebound from current level if it's able to break the $51k resistance level and maintain trading above of this price level. Also, weekly candle closing will be done and mew candle needs to be opened as a green one at more than $51k price level. So watch out the market carefully and bitcoin will rebound soon, IMHO.

[Babycornershop]

Saya suka ulasan ini. Saya yang pemula juga membutuhkan informasi pasar yang tidak stabil.. Dan akan berapa lama. Terimakasih

[cryptonaut007]

Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?

First of all, it'll be the best to change the title as it's misleading because crypto market don't even follow anyone's tweets  because market will be here, but those people will come to make profit and left the market.

Secondly, bitcoin might rebound from current level if it's able to break the $51k resistance level and maintain trading above of this price level. Also, weekly candle closing will be done and mew candle needs to be opened as a green one at more than $51k price level. So watch out the market carefully and bitcoin will rebound soon, IMHO.

Although I get your point, you can't disregard the fact that this person is influential. And just recently, after he tweeted, BTC dropped to 43k.

[cryptonaut007]

Saya suka ulasan ini. Saya yang pemula juga membutuhkan informasi pasar yang tidak stabil.. Dan akan berapa lama. Terimakasih

Ya, terima kasih. Sudah berapa lama kamu trading/staking cryptocurrency?

[gabbie2010]

Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?

First of all, it'll be the best to change the title as it's misleading because crypto market don't even follow anyone's tweets  because market will be here, but those people will come to make profit and left the market.

Secondly, bitcoin might rebound from current level if it's able to break the $51k resistance level and maintain trading above of this price level. Also, weekly candle closing will be done and mew candle needs to be opened as a green one at more than $51k price level. So watch out the market carefully and bitcoin will rebound soon, IMHO.

Although I get your point, you can't disregard the fact that this person is influential. And just recently, after he tweeted, BTC dropped to 43k.

Elon Musk has been having huge influence on the price of Bitcoin layely with tweets based on the fact that he invested massively in it, the whales has their way of manipulating the price of bitcoin, I hope he sell off his investment and leave Bitcoin else we shall continue to witness price flunctuation often, presently the price dipped and dumped massively leading to losses which can discourage potential investors.

[Arkann]

Do not pay attention to the statement of this eccentric, because he manipulates public opinion. Of course, we are talking about Bitcoin mining, but nevertheless, it is the most valuable asset in the cryptocurrency market and not a single large investor will refuse it, since they do not refuse any energy resources in the markets.

[Freemind]

The problem is not only that Elon Musk tries to manipulate the market, the problem is the people who follow him and believe all the words in each of his tweets. If each person made their own decisions and had the ability to think for themselves, nothing that is happening would have happened. But it seems that in this world asking people to think is crazy.

[Centus]

Elon Musk's tweet from Burdwan is hindering real traders from doing business. Because they do not understand the market well. At the same time, different news statements create tax situations. Which is not well understood by real traders. However, the value of bitcoin has been declining for a long time. Many blame Elon Musk's tweets as the reason. But I don't think so. Again this year the Doge has gone to the moon. This can be attributed to Elon Musk's tweet. From this it is possible to understand that many rich people follow.

[Sahillatif78]

The problem is not only that Elon Musk tries to manipulate the market, the problem is the people who follow him and believe all the words in each of his tweets. If each person made their own decisions and had the ability to think for themselves, nothing that is happening would have happened. But it seems that in this world asking people to think is crazy.

Yes you are right If no one follow their tweets then No one can handle crypto market.

[Traderbtcc]

The bull run is still very strong, tho the news of  Elon Musk dumping bitcoin for Dogecoin was trying to create a FUD in the crypto space but we should all know that one person can't control the market tho he can just cause a slight dump in prices by dumping all coin he had in his  possession but believe there is still a mass of crypto lovers who will always wanna buy every deep there see, imagine Tesla selling all the bitcoin there got, prices dumped but it's bouncing back again, Elon Musk doesn't control this market.

[Maynul96]

I agree that Your Question is correct,  But you say that Future of Crypto currency depend or follow of Elon's tweet and for this question i want to tell you that, now the Present crypto market 70% depend of Elon's tweet, not Future market.
     

[Anonylz]

The cryptocurrency market is extremely volatile. As a cryptocurrency newbie, I am somewhat lost on what to do next.

The crypto market is back to green, but who's to say for how long?

Will BTC break past 50k? Is Doge going to the moon? What are your thoughts regarding the matter?

Really, nobody can tell you what will happen to the market and if you feel ok with DogeCoin then you can invest in DogeCoin but I do understand in times past when the JP Morgan dude said trash about Bitcoin, I believe some people felt the way you are feeling right now, not knowing what will happen next, but now we know that Bitcoin can come from any depth to a new ATH and this is not going to be any different.

[Vx1]

Because the first Elon Musk has pumped up the price of Doge and BTC due to his large investment in these two coins. But we shouldn't have to follow what Elon Musk said, because every effort that Elon Musk does is solely to increase his own profit.

[Prime]

Will BTC break past 50k?

BTC already passed $50K, the price even almost reached $65K. I think the price of BTC can improve again to that price or even more than $65K. Now, the crypto market is in the correction phase, we must wait for the time of the next pump. I am sure the bullish is not over yet.

Is Doge going to the moon?

Doge is already going to the moon. You can see the current price is much bigger than the previous price in the last years. Be careful to hold Doge for a long time, I think the price is already on the top of its increase during the bullish season.