Yes, Musk manipulated the market. So what. For Crypto, it will be just an anecdote at the end.
So let's ignore Musk and look at the charts. We had the Corona anomaly, which gave us a very cheap Bitcoin price. :-)
After that, the price has held at the same level again. And after that, the bull run started... up to the current price level of 43K. Musk has driven the market further. Well done. Now he has made a 180 turn and what remains? We have consolidated, as predicted to the level of 43K. That's it. No more.
As I also wrote in one of my earlier post, the last bullish support zone is at about 30K. Currently, however, I expect a consolidation at this level and then a further upward trend.
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Let's see what happens. Happy trading. :-)
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My Post May 14, 2021 [url= ]
My Post Apr 18, 2021 [url= ]
My Post Nov 19, 2020 [url= ]
My Post Apr 15, 2019 (2 year ago!) [url= ]
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a quick analysis of tesla (TSLA/USD). -26% since his post. possible correction to 1,414 (-56% from the top). lets see. btc must go up so that musk at least makes a profit with his btc holdings ;-)
Good chart! Same opinion. And in the end tesla holds big amounts of bitcoin and is also interested in rising prices. And one more thing. BTC made 0$ to 40k$ without Musk... Bitcoin was there when Musk was not, Bitcoin will be there when Musk isnt anymore.
BTCINVESTING
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@tradinggof, well said. but who is musk, by the way? :-)
Ether2020
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@btcinvests, Yes I am curious too ;-)
Ether2020
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@tradinggof, yes indeed but I think he is going to stay with his tweets. Does it matter much? No because the market is manipulated like crazy anyway. Big hedgefunds, instituions, wales you name it they pump and dump the coins whenever they want and with a precision of a swiss watch! The charts tell the story already.