BTC Pumps by 17% under an hr | Musk is on BTC

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We all know crypto price can be speculative when it comes to influencers. Influencers can cause a huge surge in price action. It can rise or fall depending on action. Such a surge is seen again today when Elon Musk write a tweet say it was inevitable & changing his twitter status to Bitcoin. Dogecoin is also on run. It showed almost 10x action yesterday and still going up.

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Following is hourly chart from binance (BTC/USDT). We can clearly see after Musk tweet BTC jumped from 32k$ to 36k$ instantly under an hour. Also we can see wick of candle touching 38k$ in the next hour.

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Same hour we can see traders dumping alts to BTC and massive drop in price of alts in terms of BTC, keeping the USDT value same. following two show ETH and Hive price in terms of BTC.

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Time will tell if BTC keeps on rising for the next day or falls to 30K again. But we all know HODL is true for long run.

Tappy Trading

Regards,
@khan.dayyanz


gif by @doze

Posted Using LeoFinance Beta

bitcoin hodl bullrun elonmusk eth btc leofinance ctp neoxian archon
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4 comments
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Hodling is the best thing to do now while watching the market closely.
Elon is a wizard 😂

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We need a few wizard on hive as well. A lot of tribes now innovating & changing.
Development is going at good pace. We hope wizards do well.

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(Edited)

Lol😂 we sure need a handful of them here.

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That’s wild, he’s a pretty big influencer.

Happy HODLing though! Lol

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