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Aug 18, 2023 3:43 AM

$BTCUSD Trend Line Support Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin Weekly Chart - T-Bond prices experienced another decline during regular trading hours, but a reversal was observed in after-hours trading. Notably, there was news indicating that SpaceX had divested its complete $373 million investment in Bitcoin, followed by Tesla liquidating its own holdings. This development has led to a downward trajectory in spot Bitcoin prices, potentially prompting traders to reconsider bonds as a "flight to quality asset." The upcoming Friday session will provide insights into whether this trend continues to materialize.
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