BTC is moving up after Musk shares famous DC Comics character again
Elon Musk, known for his sometimes controversial, mysterious and prophetic tweets, remains one of the most influential figures in the cryptocurrency industry. Members of the crypto community have highlighted two interesting articles that could hint at the start and end of a bear market.
Dr.Manhattan with his back to the camera
Back on November 13, 2021, when Bitcoin was trading at almost $70,000, Elon Musk posted another mysterious tweet with no elaboration whatsoever. It was a picture of a famous DC Comics character, Dr.Manhattan, sitting on Mars and looking into the abyss.
After this publication, Bitcoin lost almost 50% of its value in less than three months, and the cryptocurrency market in general lost billions in market capitalization. Users didn’t notice anything unusual and suggested that the entrepreneur was simply sharing a character he liked.
Dr.Manhattan turns his back before reversal
On May 28, Elon Musk shared a similar picture of Dr.Manhattan now facing the camera, which caused a flurry of commentary, suggesting that Musk is hinting at a reversal on the cryptocurrency market.
The theory got its “confirmation” after Bitcoin opened with a pleasant 5% growth this week. Despite a successful open, Bitcoin has not yet rallied enough to consider a full reversal and has not even broken through the consolidation channel formed since early May.
While there is no way to tell with certainty if Musk is just lucky predicting reversal points on BTC, it is still hard to deny that the Tesla and SpaceX co-founder may have some insights about the upcoming moves of large wealth funds and other institutional investors.
At press time, BTC is trading at $30,600, up 4% in the past 24 hours.
