Bitcoin testing key resistance at 33k

Bitcoin is currently testing the 33k resistance level which is also the resistance of the descending triangle. The 30k has proven to be once again strong support level. 1 hr charts signal oversold level so it may take a smaller dip for Bitcoin to break that line.

https://www.cnbc.com/2021/07/21/elon-musk-jack-dorsey-speak-about-cryptocurrency-at-b-word-conference.html

Elon and Jack Dorsey have gone on TV. Elon confirmed he owns Bitcoin.

“If the price of bitcoin goes down I lose money. I might pump but I don’t dump,” Musk said.

I guess, he was checking the price of Bitcoin and suddenly, it triggered the 30k level. He felt that it was time to pump it back a little. If Bitcoin breaks 33k, and somehow stays there for a while, we could see a recovery.

This is just my own opinion. Not financial advice.
@luueetang