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Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report

January 26, 2023

Category:

Bitcoin

Bitcoin (BTC) moved to a fresh five-month high earlier in the session, as markets reacted to Tesla’s latest quarterly earnings report.

The report, which was released after yesterday’s closing bell, showed that the electric vehicle maker did not sell any of its bitcoin.

Following the news, BTC/USD raced to a high of $23,722.10, hitting its strongest point since August 17 in the process.

Looking at the chart, the move saw BTC once again break out of a ceiling at $23,500, and this comes after colliding with a floor at $22,500.

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