If you haven`t sold the Double Top:
The digital asset market remained subdued after the recent X Space session between Elon Musk and Donald Trump, where crypto went unmentioned.
Elon Musk, a long-time advocate of cryptocurrencies, has recently been joined by Trump, who has surprisingly become a supporter of the asset class.
This shift is notable, not just because Trump is a former U.S. President running for a second term, but also because it marks a complete reversal from his earlier stance.
While in the White House, Trump labeled cryptocurrencies as a "scam," "not real money," and a "disaster waiting to happen."
Now, in a stark contrast, Trump has become the first U.S. Presidential candidate to accept crypto donations and has publicly endorsed Bitcoin mining, even delivering a keynote at the Bitcoin Conference in Nashville last month.
Given this dramatic turnaround, many in the crypto community were expecting Trump to address the topic during his conversation with Musk.
However, to their disappointment, the subject was left untouched.
After a technical rebound, I expect the correction to continue.
I'm still bullish on Bitcoin (BTC) in the long term.
The digital asset market remained subdued after the recent X Space session between Elon Musk and Donald Trump, where crypto went unmentioned.
Elon Musk, a long-time advocate of cryptocurrencies, has recently been joined by Trump, who has surprisingly become a supporter of the asset class.
This shift is notable, not just because Trump is a former U.S. President running for a second term, but also because it marks a complete reversal from his earlier stance.
While in the White House, Trump labeled cryptocurrencies as a "scam," "not real money," and a "disaster waiting to happen."
Now, in a stark contrast, Trump has become the first U.S. Presidential candidate to accept crypto donations and has publicly endorsed Bitcoin mining, even delivering a keynote at the Bitcoin Conference in Nashville last month.
Given this dramatic turnaround, many in the crypto community were expecting Trump to address the topic during his conversation with Musk.
However, to their disappointment, the subject was left untouched.
After a technical rebound, I expect the correction to continue.
I'm still bullish on Bitcoin (BTC) in the long term.
Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.