Cathie Wood’s Ark Invest claimed it foresees Tesla to hit the $3000 level by 2025. Are you among bulls as well as Ark?
Elon Musk: Tesla is sold for bitcoins
You might remember, Tesla has recently invested $1.5 billion in Bitcoin and at the same time announced its plans to accept the cryptocurrency as payment for its vehicles. What was said, was done! Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
Besides, he emphasized that bitcoins for Tesla wouldn’t be converted to fiat currency. For now, this option is available only for US customers, but later this year people from other countries will have this opportunity as well.
Elon Musk has tweeted this news immediately after other Twitter users saw the new bitcoin support for all models of Tesla's autos in online US shops. "Musk," "Tesla," and "Bitcoin," quickly became trending hashtags.
What does it mean?
BTC/USD should rise further due to this positive news. From the technical view, BTC/USD should jump as well as it has bounced off the lower trend line. Thus, the way up to the high of March 20 at $59,000 is open now. If it manages to break it, it may surge to the all-time high of $61,100 reached on March 13. Support levels are $55,000 and $53,000.
Trading of cryptocurrencies is only available in our app FBS Trader app.
It should help Tesla to recover from the recent losses as well. It has started slowly moving up. If it jumps above the intersection of the 200-period moving average and the 38.2% Fibonacci retracement level of $675.00, the way up to the 50.0% Fibo level of $720.00 will be open. Support levels are $625.00 and $560.00.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
- Open an account in FBS Trader (the MT5 account in your personal area).
- Start trading!
Tesla, Facebook and Microsoft have outperformed analysts’ forecasts and ramped up after earnings reports. How is it possible amid the coronavirus crisis?
We saw a huge surge of Tesla stock on April 13. What were the reasons?
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!