Bitcoin rebounded modestly from a previous low of 37,582. The rebound was already underway when some rather contrived news crossed the wires. This has been attributed to Elon Musk, who has apparently said he is not ready to sell any of his coins of him Bitcoin, Ethereum or Doge. Well, reading between the lines, maybe Musk is worried enough to make such a statement in the first place? Well, whatever the reason, these comments have helped lift all three coins in recent trading. Bitcoin climbed up to 38,890 on the news. Of course, he's still camped well south of 40k and Musk might need to come up with some stronger rhetoric if he really wants to try and send her up.
We are always below the SMA at 50 (40713) and the SMA at 200 (44962), it is important to maintain the 37000/36000 area. We must try to break the 40000/41000, to have a change of trend.
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As usual, I report the weekly levels to be observed and the levels for intraday trading:
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