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Can Bitcoin Surge Above $50,000 Amid Flurry Of Positive News?

By Craig ErlamCryptocurrencyFeb 12, 2021 11:27AM ET
www.investing.com/analysis/can-bitcoin-surge-above-50000-amid-flurry-of-positive-news-200560434
Can Bitcoin Surge Above $50,000 Amid Flurry Of Positive News?
By Craig Erlam   |  Feb 12, 2021 11:27AM ET
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Bitcoin is pushing higher again today, eyeing more record highs as it inches ever closer to $50,000.

There is clearly some nervousness around this level. We’ve all seen what corrections look like in cryptos, and perhaps some are getting anxious about the possibility of one here given the psychological significance of it.

Of course, the flip side of this is that a move above could see it explode higher and the push comes amid a flurry of good news stories for bitcoin.

Tesla's (NASDAQ:TSLA) investment seems a lifetime ago already, and Mastercard (NYSE:MA) and Bank of New York Mellon (NYSE:BK) joined the party this week. Who’s next? And what will tip it over the edge and trigger the next surge? It’s quickly become the dominant news story that has also never been a bad thing for the space, given its desperation for acceptance.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Can Bitcoin Surge Above $50,000 Amid Flurry Of Positive News?
 

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Can Bitcoin Surge Above $50,000 Amid Flurry Of Positive News?

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Comments (4)
arnaud kakam
arnaud kakam Feb 16, 2021 8:04PM ET
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khan zahid
khan zahid Feb 16, 2021 12:50PM ET
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John Patrick
John Patrick Feb 13, 2021 2:49PM ET
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Herd the lemmings away from real assets like PMs and into Bticon
TheGamingFoxy FoxyGamer
TheGamingFoxy FoxyGamer Feb 13, 2021 2:47PM ET
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bitcornnn !!! buyyy bitcornnn !!
 
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