8/6/2023 0 Comments Twitter elon musk bitcoin![]() ![]() Featured image from iStockPhoto, Charts from TradingView. Please note: Content is educational and should not be considered investment advice. If a reversal begins from here, the milestone $43 billion Twitter deal might have put in a bottom to the recent stock market and crypto carnage.įollow on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Bitcoin, which was expected to plunge below $30K is now back above $40K after a brief push to $38K. What if it is now he who kicks off the next bullish impulse? The US stock market (pictured above) saw among its largest single-day turnarounds in some time. Then it was he who cast the first stone and kicked off the bearish phase in stocks and crypto. ![]() He helped push Bitcoin from $30Ks to $65K in less a couple of months. The “Dogefather” brought the meme coin nearly to $1. ![]() The Tesla and Space X CEO has been responsible for pumping asset prices using his Twitter platform for some time. Crypto fans responded in droves to celebrate after bitcoin reached an all-time high near 67,000 on. Related Reading | Bitcoin Bear Market Comparison Says It Is Almost Time For Bull SeasonĪnd Elon Musk is just the man to do it. Tesla CEO Elon Musk tweeted a raunchy picture of a couple in bed eyeing bitcoin at 69,000. With so much bearish sentiment, short positions, and a market that wouldn’t see it coming, all it would take is one spark to ignite another bull impulse. Taking on so much leverage to rebuild a business could be taken as a sign across the market that the cycle isn’t yet finished. The market has been bearish for more than a year since Musk first revealed Tesla would be buying BTC. The deal could have bigger implications for the stock market and crypto in terms of price appreciation. The S&P 500 and Bitcoin both pumped on the Twitter deal | Source: BTCUSD on How The Deal Could Change The Crypto And Stock Market Trend ![]()
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