It's been two weeks or 16 days today to be exact since the market is struggling to climb up again from the recent high due to many FUD circulating recently.
It all started when Elon Musk halts accepting Bitcoin as a mode of payment in buying a Tesla car.
Followed by the market crashed last May 19, 2021, that almost all coins fell up to -50% above. The reason behind this was the FUD caused by China banning crypto, then another news that they were tightening the crypto ban as well as the Bitcoin Mining industry, which was maybe caught by Elon Musk tweets about Bitcoin Mining uses too much energy that can harm the environment.
Since then the crypto market is struggling to regain its bullish momentum especially BTC, as we all know BTC is dominating the crypto market, whenever there are big movements from it mostly altcoins will be affected.
He did it again.
Yes, I mean Elon Musk did it again tweeting his tantrums and the market is going down again. Crypto people are anticipating the breakouts in a triangular pattern of BTC hoping it will ascend later on but the opposite scenario happens, it is a descending breakout.
Elon Tantrums at Twitter
First, he tweeted this meme, a boy and a girl having a video chat. The girl said “I miss you”, then the boy is suddenly crying. The girl asked “Why are you crying?”, “Cuz I miss you too” replied the boy but he was watching his screen with a chart seeing the red candles going down 😂.
It was funny but we know Elon has this abnormal power of trolling his followers.
Another tweet that trigger bitcoin to go down from $39k to $36kish
This one is the recent tweets and has a caption Bitcoin $BTC 💔
And now the market staring to react abnormally, although crypto is known to be volatile when Elon Musk messed up it makes the market “super volatile ” lol.
I hope his followers will learn their lessons to stop following what he is talking about and made their own decisions about their investment so they will not keep losing it.
What about you? What are your thoughts about Elon? Is he a big manipulator in the crypto market or not?
