Bitcoin breaks through $60,000

[Jamie McKane]

Bitcoin breaks through $60,000

Bitcoin topped $60,000 for the first time as the stimulus-fueled rally of the past year prompts investors to ignore signs of a speculative fervor.

The original cryptocurrency was at $61,080 as of 5:35 p.m. New York time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.

 

[sand_man]

WTF?!

 

[TelkomUseless]

Noice!

 

[|tera|]

It's a good rise.
I see it dropping over next week though.

 

[system32]

It's a good rise.
I see it dropping over next week though.

What's the general trend?



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[|tera|]

What's the general trend?

View attachment 1036064

Notice:
Past performance is no guarantee of future results.
Any information provided does not constitute investment advice or investment recommendation nor does it constitute an offer to buy or sell or solicitation of an offer to buy or sell bitcoin or any bitcoin investment funds or other bitcoin instruments. In addition, the information provided does not contain any offer, recommendation or incitement to conclude any contracts for bitcoin services or to conclude any other kind of bitcoin contract. In particular, this information should not be used as a substitute for suitable investment and product-related advice. Unless expressly stated otherwise, all pricing information is non-binding.

You do realise it has dropped below $40K within the last week or two and back up past $60K?

Hence the reason for my observation.

 

[rvZA]

It will hit $100,000 before coming down to around $40k. Then it will climb to around $250k.

 

[wingnut771]

It will hit $100,000 before coming down to around $40k. Then it will climb to around $250k.

Over what time scale?

 

[rvZA]

Over what time scale?

We might see $100k sometime this year or early next, in my opinion. I believe there will be a fast and big correction to around $40k, maybe even less. I am not sure about the climb to $250k after that though.

 

[s898]

We might see $100k sometime this year or early next, in my opinion. I believe there will be a fast and big correction to around $40k, maybe even less. I am not sure about the climb to $250k after that though.

Interesting. Curious to know the reasoning behind this..

 

[Gatecrasher]

Interesting. Curious to know the reasoning behind this..

Its bitcoin. Beyond reason.

 

[MaisonP]

We might see $100k sometime this year or early next, in my opinion. I believe there will be a fast and big correction to around $40k, maybe even less. I am not sure about the climb to $250k after that though.

Based on what? Can you perhaps ellaborate?