imodaresi

BTCUSD Weekly chart

BITSTAMP:BTCUSD   Bitcoin
The price drop is held by touching the bottom of the ascending channel in four weeks.
The support range of Bitcoin is very important, and if this range is broken, from a technical point of view, it can be reported that Bitcoin will further fall to the $12,000 range.
The announcement of the sale of 75% of Tesla's bitcoin volume by Elon Musk has also increased the cryptocurrency market.
But knowing this news, two basic questions will be very difficult to answer.
According to Elon Musk's Bitcoin sale, is there a seller in the market?
The price of selling Bitcoin by Tesla is in the range of 24,000. Was this news announced until the price returned to the bottom of the channel for Tesla to start buying again?
Is it possible to always consider Elon Musk as a good role model?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.