Bitcoin is currently testing the 33k resistance level which is also the resistance of the descending triangle. The 30k has proven to be once again strong support level. 1 hr charts signal oversold level so it may take a smaller dip for Bitcoin to break that line.
Elon and Jack Dorsey have gone on TV. Elon confirmed he owns Bitcoin.
“If the price of bitcoin goes down I lose money. I might pump but I don’t dump,” Musk said.
I guess, he was checking the price of Bitcoin and suddenly, it triggered the 30k level. He felt that it was time to pump it back a little. If Bitcoin breaks 33k, and somehow stays there for a while, we could see a recovery.
This is just my own opinion. Not financial advice.
@luueetang
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