Tweet something positive about Bitcoin, Elon!

Where is Elon Musk now? As far as I know, his Twitter account has not been suspended. At 30k, Tesla is sitting on an MTM loss in its Bitcoin position. If not cars, at least allow solar panels to be bought with Bitcoin. Michael Saylor might be the true Bitcoin evangelist but we need a bigger celebrity to provide support to bitcoin. MSTR's purchase of $500 million worth of Bitcoin did not excite the market at all. Instead, yesterday it looked like all hell was going to break loose and Bitcoin would drop to 20k by today.

The day is not over till it is over

Yesterday was scary for a moment. I got a notification on my mobile that Bitcoin was trading at 29k. That was it. 30k was broken. All chats had become hugely pessimistic. Bitcoin was headed to $24k - $26k by end of the day yesterday and 20k today. Those with cash were hoping to buy lower. Tone Vays was waiting to go all in. I switched off my screen and went to bed.

It the close that matters. Bitcoin rose back above $30k during US hours and closed above that level. Today it is up 5% bringing a sigh of relief for most. Excitement about the future prospects of Bitcoin has defeated the pessimism from the red candles on the chart.

Bitcoin closed above the $30k level yesterday and could not break the support line. The line has been tested enough times and any test in the future should lead to a close below $30k. Volume was quite high yesterday following an intense battle between the bulls and bears. Yesterday's daily candle is bullish but we remain in the danger zone still.

To Elon, your cash position is now at a loss. Stop wasting time on meme coins. Send Bitcoin to the moon instead. You'll be able to send many more rockets into space if that happens. You can even drag race your Teslas on the moon. So send it! Please.