Bitcoin Price Prediction as Musk Denies Crypto Talks with Trump – What’s Next for BTC?
Bitcoin’s market outlook has garnered significant attention following Elon Musk recent tweet denying any discussions about cryptocurrencies with former U.S. President Donald Trump.
Musk stated, “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favour of things that shift power from the government to the people, which crypto can do.”
This clarification comes amid speculation about their conversations during a breakfast meeting in Florida, where Trump reportedly did most of the talking.
This comment highlights Musk’s continued support for decentralized financial systems, even amid his denial.
Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do
— Elon Musk (@elonmusk) May 30, 2024
This denial follows reports that Trump is emphasizing Bitcoin and other digital assets in his campaign to attract new voters.
Musk clarified on Twitter that he has not discussed crypto with Trump, but he supports the idea of shifting power from government to people, which crypto can achieve.
This tweet comes amid ongoing speculation and reflects Musk’s stance on decentralization and empowerment through digital assets.
Musk’s denial and his general support for decentralization underscore the potential of cryptocurrencies like Bitcoin to empower individuals. Let’s take a look at Bitcoin price prediction
On the technical front, Bitcoin (BTC/USD) has gained immediate support around the $67,885 level, extended by an upward trendline on the 4-hour chart. The Relative Strength Index (RSI) is consolidating around 50, suggesting potential for further upward movement.
The pivot point, marked in green at $68,232, serves as a
Read more on cryptonews.com
