The price of bitcoin has set a new all-time high after Tesla announced that it bought bitcoin worth 1,5 bln USD and could accept payments for the cars in the near future. The market after an ABC correction which also looks like falling wedge has almost reached the potential target just above 45000 USD.
The upcoming days could be crucial for the future of this market. If the price holds above 42000 USD then we could expect further upward movement. However, if the price will drop below mentioned key support a larger correction may begin.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The upcoming days could be crucial for the future of this market. If the price holds above 42000 USD then we could expect further upward movement. However, if the price will drop below mentioned key support a larger correction may begin.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
