Technical Outlook in Bitcoin after Tesla's Decision

Bitcoin fell sharply after Elon Musk's statements, dropping to $ 45,700.

Tesla CEO Elon Musk announced at around 3:00 am that the electric car manufacturer would not accept Bitcoin payments for the sale of Tesla vehicles due to its carbon footprint. How was the technical outlook in Bitcoin after Tesla's decision? Here are the details ... The BTC price fell sharply after the famous billionaire Elon Musk announced that Tesla had stopped selling vehicles with Bitcoin. The leading cryptocurrency fell to $ 45,700, and this drop in BTC has deeply affected the entire cryptocurrency market. Bitcoin is trading at $ 48,734 as of 2:09 pm TSI.

Bitcoin: BTC / USD

The 47.500 level is very important in the chart drawn up to the main support level we mentioned together with the sales pressure. If the candle closes below by performing a Hard Break, a decrease to the level of $ 38,600 can be seen. If the bullish move starts, the $ 52,330 and $ 59,450 resistance levels are very critical. In the medium term, it is unlikely that the uptrend will start without breaking the $ 59,450 level.