Elon Musk Asserts Fiat Is ‘Hopeless’, Confirms His New America Party Will Embrace Bitcoin
Elon Musk's America Party and Bitcoin: Elon Musk announced the formation of the 'America Party', a pro-tech centrist party that will accept Bitcoin, following his fallout with Donald Trump over the controversial 'Big Beautiful Bill' which he criticized for its potential economic harm.
Musk's Crypto Holdings and Influence: Musk's companies, Tesla and SpaceX, hold significant amounts of Bitcoin, with Tesla owning 11,509 BTC valued at approximately $1.2 billion, and he has been a prominent supporter of Dogecoin, significantly impacting its market value through his public endorsements.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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