Even many people believe bitcoin will break 50,000 and go to 42,000 soon. I believe bitcoin will reclaim the ascending channel soon (probably before the end of this weekend). The 53350 areas have been proven strong support several times. I wish it won't break that line.
The main reason is Tesla's earnings report is coming soon (next week). I think Teslas and other companies (MSTR, Square) may buy more Bitcoins to push the price higher before their earnings reports. It can make their reports looking better and also prove that their decisions for buying Bitcoin are right. Just my opinion.
The main reason is Tesla's earnings report is coming soon (next week). I think Teslas and other companies (MSTR, Square) may buy more Bitcoins to push the price higher before their earnings reports. It can make their reports looking better and also prove that their decisions for buying Bitcoin are right. Just my opinion.