Bitcoin price nears $55K as fund manager ‘still sees $100K’ in 2021
April 27, 2021. Summarized by summa-bot.
Compression ratio: 49.5%. 1 min read.
Bitcoin is recovering while fund manager Dan Tapiero reveals he is still bullish on a $100,000 price tag this year.
Bitcoin (BTC) is still on course to hit $100,000 this year and its recent dip is “unchanged price action. ”
In a tweet on April 27, Dan Tapiero, fund manager Dan Tapiero revealed that he had been “inundated” with concerned clients over Bitcoin’s recent price dip.
Highlighting a technical (TD sequential) buy signal not seen since the March 2020 crash to $3,600, Tapiero gave hope to those wondering what became of the myriad sky-high BTC price predictions for 2021.
The comments came in tandem with a curious exchange between Tesla and SpaceX CEO Elon Musk and popular trader Dave Portnoy, the latter a famous Bitcoin skeptic who nonetheless caved in to pressure to add it to his portfolio earlier this year.
“I have not sold any of my Bitcoin,” part of a Twitter response read.
“Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet. ”
I have not sold any of my Bitcoin.
Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet. — Elon Musk (@elonmusk) April 26, 2021
Musk is a classic source for short-term Bitcoin price movements, and any admission that he had permanently divested himself of his allocation could have easily skewed sentiment to the downside.