Today, I read the newspaper on Entrepreneur where Elon Musk has been interviewed. We know that Elon is the CEO of Tesla and SpaceX. He is now at the top richest man in the world and integrating into Cryptocurrency. His company accepted the BTC payment before but in May 2021 Musk said that Tesla suspended the crypto payment. According to the report by Entrepreneur: Elon Musk said: “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,”
So what does it mean to you?
The Q4 season in Crypto is coming with the year 2021 and is around to roll over. BTC halving started in March 2020 when it was trading at the bottom of 3,900 rounds. It started to climb up and never stop to rise till May 2021 where it reached the ATH 64,800 around. Q4 is there. Are we going to the moon soon to close the bull market?
Normally, BTC has to pump up as every the previous Q4 in BTC rose 100% the years back then. Those who lost their money during the flash May crackdown have to take their profit during this Q4 in 2021.
At the time of writing, BTC is trading at 42,900 around. Yes, it was slowed down by the China government in September 2021. On the other hand, technically, The price action is at the oversold zone on Daily Moving Average Convergence Divergence confirmed it. After the slowing down as Elon Musk said during his interview, I think the bull has to start to continue.
In my own opinion, The entire crypto market has to pump but I don't know where is the limit, whether at 64,000 or 75,000 even furthermore what the worldwide expect will be at 100,000. But if this will be the case, I will take my profit soon and spend my time with my family.
Disclaimer: The information written has not been made as financial advice. Keep doing research in any investment in Crypto.
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