Positive sentiment on the market with cryptocurrencies she weakened after Tesla she sold 75% of hers reserve held in Bitcoinwhich is equivalent to about 936 million dollars. Main cryptocurrency fell below 23,000 USD a Ethereum is trading below 1500 USD.
- Tesla she was one of the biggest and probably the most famous holders Bitcoin. Sale reserve in order to increase the company’s liquidity may mean that Tesla even further in the current macroeconomic conditions of growth Bitcoin don’t believe
- Tesla it currently holds 218 BTChowever Elon Musk emphasized that the company remains open to acquisition Bitcoin to the future. For the market, this means that any renewal of commitment Tesla towards BTC could have a positive impact on price growth, although the “authority of the diamond hands Elon Musk” weakened on the crypto market
- American car company she bought BTC in January last year when the price was around 30,000 USD (according to the Forbes source). The reported sale in 1Q2022 means that the company did not make any money on this investment and at the same time missed the opportunity to realize profits in spring and autumn year 2021. The company probably closed its Bitcoin position at a neutral level called breakeven
- Bitcoin again falls near the 200-session average at 22,600 USD, raising concerns about the future growth of the crypto market. The price zone is now long-term support and a potential dip may mean that the bullish rebound was only temporary. In addition, the dynamics associated with the cycle paralysis suggests that BTC for now, it has not reached the bottom, which should come a year before itself halvingemi.e. in the spring year 2023. However, it is still uncertain whether the cycle will be maintained. The year 2022 is full of surprises and wreaks real havoc on risk assets such as cryptocurrencies.
Graf Bitcoin in the interval W1. Main cryptocurrency currently struggling to maintain basic long-term support. The price again fell below the 200 SMA moving average, i.e. below 22,600 USD. If the downward trend accelerates, a fall below the psychological level is not excluded border which is 20 000 USD. On the other hand, a bullish rebound to 24,000 USD may confirm a reviving broader uptrend. Source: xStation5
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