The curse of financial analyst Jim Cramer that worked against Bitcoin amused billionaire Elon Musk.
On November 22, Cramer, who is famous for making erroneous predictions about the price of various assets, said : "Own Bitcoin, that's all I can advise you. It's a winner."
After Jim recommended buying Bitcoin, the coin's price fell by 4% and hit bottom at $95,793 on the exchange on Sunday. Bitstamp . In response to a social media user's post about the Cramer curse that befell BTC, Musk опубликовал laughing smiley face.
However, traders were not in the mood for smiles. Due to the fall in the price of Bitcoin over the past 24 hours, eliminated positions worth $79 million, of which $56,7 million were longs opened to hedge against a decline in the cryptocurrency's value. Accordingly, if the BTC rate continues to rise, the liquidated positions will result in losses for digital asset traders.
A descending channel has formed on the Bitcoin exchange rate chart. On Monday morning, the coin's price broke through the upper line of the figure and consolidated above it, exceeding the $98,000 mark. In this regard, it can be assumed that the correction has ended, and the value of the cryptocurrency will increase.
Descending channel on the chart of the change in the Bitcoin rate
