Is the bearish trend over, what do you think?

mlawson71 wrote: Mon Feb 14, 2022 3:19 am Is the bearish trend over, what do you think?

Its hard to tell its stabilising around the 40K mark. Regardless i think its going up in my opinion obviously not financial advice but it is very cheap now compared to what i think itll be with the mass adaption happening

I think it will be interesting to see how it responds to the 40500 level from here. A decent reaction could see us looking bullish but a blast right though it and we're heading back towards 30k again.

I agree. For now it seems to be unable to breakout below that level, but we'll have to wait and see.

It's moving south again. I was hoping the bear run was over.

Tesla’s filed annual report with SEC revealed that the company is in possession of Bitcoins worth almost 2 billion USD, and it’s considered that the producer views the digital coins as an alternative to cash and a long-term investment opportunity. The company wrote that:

“The fair market value of our bitcoin holdings as of December 31, 2021, was $1.99 billion.”

The annual report also revealed that the company accepted Bitcoin payments for particular products and services in some regions. Still, in May, they stopped accepting BTC, but later, in October, Tesla suggested that cryptocurrencies may as well be accepted in the future.

I really wonder how the BTC price (and other crypto's price) will develop, considering this escalating conflict.

So far it's consolidating, but how long that will alst, I wonder?