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Bitcoin Hits $57K, Fully Recovering from Elon Musk-Driven Correction Bitcoin has reached the $57,000 level for the first time since Tesla stopped accepting payments in the largest cryptocurrency. The benchmark crypto hit an intraday peak of $57,448 on the Bitstamp exchange, with bulls being in complete control over the market for now. On May 12, Bitcoin was attempting to reclaim the $58,000 level, but Tesla’s soul-crushing decision decisively swung the balance in bears’ favor. The cryptocurrency crashed over 16% in mere hours after CEO Elon Musk abruptly announced the suspension of payments and amplified concerns about its carbon footprint. Suddenly, Bitcoin’s adverse environmental impact has been pushed to the forefront of the crypto debate, with the leaders of “green” alternative cryptocurrencies rushing to pitch their projects. The countless tweets of Bitcoiners who were trying to convince Musk about the benefits of mining seemingly fell on deaf ears, and things reached a boiling point when Musk suggested that Tesla could possibly sell its nine-figure Bitcoin holdings because of how he’s being treated by the community. Musk’s tweet about “diamond hands,” which all but confirmed Tesla’s unwillingness to sell its Bitcoin stash, led to a détente with irrepressible Bitcoiners. In late May, the richest man on the planet also held a meeting with North American Bitcoin miners, which provided short-term relief for the clobbered price. At the “B Word” conference in late July, Musk said that Tesla was likely to resume accepting Bitcoin payments: Most likely the answer is that Tesla would resume accepting Bitcoin. Bitcoin is up over 80 percent since that statement. #Bitcoin #wazirxwarriors #bitcoininvestment #bitcoinnewstoday #bitcoinconference2021 #bitcoinminingpool #bitcoinofficial #bitcoinexchange #bitcoinmining #bitcointradingclub #bitcoinhalving #bitcointradingclub💱💲💵💴🤑🤑 #bitcoinasia #bitcoinhash #bitcoincash #bitcoins #bitcoindaily #bitcoinmillionaire #bitcoinindia #bitcoinnews #bitcoindaily https://www.instagram.com/p/CVALJj7ACdD/?utm_medium=tumblr

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BTC/USD TimeFrame Daily Disclaimer Investing carries risk of losses and trading futures are especially risky & may not be suitable for all the traders because they can lose more than their initial margin funds, therefore you should consider your investment experience as well as financial condition before deciding if trading is suitable for you. Information provided by @fxoverview is expressed in good faith The market service that never makes mistakes never exist and investing in market demands recognition that errors are part of any effort to evaluate future probabilities. #btc #btcusd #btcmining #bitcoinusa #bitcoinbillionaire #bitcoinmining #fx #bitcoinprice #bitcointrading #elliottwavemonitor #investor #investors #bitcoinvalue #bitcoincash #bitcoins #usa #canada #bitcoinasia #bitcoinnews #bitcoin #bitcoinexchange #bitcoincanada #bitcointrade #bitcoininvestment #bitcoincharts #bitcointrader #bitcoinminer #elonmusk #elliottwave #fxoverview https://www.instagram.com/p/CSeB0wvMMzu/?utm_medium=tumblr

BITCOIN ANALYSIS BTC/USDT Bitcoin had been witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average ($45,692) for the past few days. The bears pulled the price below the 200-day SMA on Aug. 17 but they could not break the 20-day exponential moving average ($44,183) support. Aggressive buying at the 20-day EMA pushed the price back above the 200-day SMA on Aug. 19. The rising 20-day EMA and the relative strength index (RSI) near the overbought territory indicate that bulls are in control. If buyers sustain the price above $48,144, the BTC/USDT pair could pick up momentum and rally to $51,500 where the bears may again mount a stiff resistance. If bulls can arrest the subsequent decline above the 200-day SMA, it will signal strength and increase the prospects of the continuation of the uptrend. A breakout of $51,500 could lay the tracks for a possible up-move to $60,000. This bullish view will invalidate if the price turns down and breaks below the breakout level at $45,451.67. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoinmining #bitcoinasia #bitcoindaily https://www.instagram.com/p/CS10YuFsobN/?utm_medium=tumblr