Bitcoin climbs higher as Musk, Wood and Dorsey gather in a panel

bitcoin-moves-higher-as-musk-woods-and-dorsey-gather-on-a-panel-20210721 ″>

price has moved away from a key oscillation area.

Bitcoin price yesterday, and before today, bottomed out near a range of $ 28,600 to $ 30,066. That fluctuation area dates back to January 2021 and was also tried again in May and June. Traders can now add July to the minimum support schedule list.

price is currently trading near $ 32,160.

Today’s gains are supported by comments from three staunch bitcoin advocates. Teslas Elon Musk, Squares Jack Dorsey, and Ark Invest Cathy Wood are speaking on a panel at a Bitcoin conference. Musk was concerned about the energy impact of Bitcoin mining and said that he would not exclude Bitcoin for payment, but also said that his companies are not selling any Bitcoin they own. Wood and Dorsey are in the field of digital currency becoming the currency of the future.

Technically, the next target is $ 33,270. This is where a trend line crosses on the daily chart (lower swing highs since July trading). Exceeding that level should stimulate greater buying interest.

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