{"id":16923,"date":"2023-01-26T13:34:51","date_gmt":"2023-01-26T13:34:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-back-above-23000-following-tesla-q4-earnings-report-market-updates-bitcoin-news\/"},"modified":"2023-01-26T13:34:51","modified_gmt":"2023-01-26T13:34:51","slug":"btc-back-above-23000-following-tesla-q4-earnings-report-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-back-above-23000-following-tesla-q4-earnings-report-market-updates-bitcoin-news\/","title":{"rendered":"BTC Back Above $23,000 Following Tesla Q4 Earnings Report \u2013 Market Updates Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div id=\"\">\n<header class=\"article__header\">\n<\/header>\n<div class=\"featured_image_container\">\n<\/div>\n<p><strong>Bitcoin rallied back above $23,000 on Thursday, following the release of Tesla\u2019s quarterly earnings report. The report showed that Tesla was holding 9,720 bitcoin, worth $223 million. Ethereum was also higher, as prices were back above $1,600, rebounding from recent losses in the process.<\/strong><\/p>\n<h2>Bitcoin<\/h2>\n<p>Bitcoin (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a>) moved to a fresh five-month high earlier in the session, as markets reacted to Tesla\u2019s latest quarterly earnings report.<\/p>\n<p>The report, which was released after yesterday\u2019s closing bell, showed that the electric vehicle maker did not sell any of its bitcoin.<\/p>\n<p>Following the news, <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a>\/USD raced to a high of $23,722.10, hitting its strongest point since August 17 in the process.<\/p>\n<figure id=\"attachment_570795\" aria-describedby=\"caption-attachment-570795\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-570795\" title=\"Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/btcusd_2023-01-26_12-33-43_ef1b2-1024x572.png\" alt=\"Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report\" width=\"1024\" height=\"572\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/btcusd_2023-01-26_12-33-43_ef1b2-300x168.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/btcusd_2023-01-26_12-33-43_ef1b2-1024x572.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/btcusd_2023-01-26_12-33-43_ef1b2-768x429.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/btcusd_2023-01-26_12-33-43_ef1b2-1536x858.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/btcusd_2023-01-26_12-33-43_ef1b2-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/btcusd_2023-01-26_12-33-43_ef1b2.png 1613w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><figcaption id=\"caption-attachment-570795\" class=\"wp-caption-text\"><a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n<p>Looking at the chart, the move saw <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> once again break out of a ceiling at $23,500, and this comes after colliding with a floor at $22,500.<\/p>\n<p>Earlier gains have somewhat eased, with the 14-day relative strength index (RSI) back in overbought territory.<\/p>\n<p>As of writing, the index is tracking at 80.77, with a support point at 78.00 the next visible target.<\/p>\n<h2>Ethereum<\/h2>\n<p>Ethereum (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a>) also rebounded in today\u2019s session, with prices moving back above the $1,600 level.<\/p>\n<p><a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a>\/USD, which slipped to a bottom of $1,535.00 on Wednesday, raced to a peak of $1,632.24 later in the day, following Tesla\u2019s earnings call.<\/p>\n<p>As a result of the move, the world\u2019s second largest cryptocurrency rose past its recent resistance point at $1,600.<\/p>\n<figure id=\"attachment_570794\" aria-describedby=\"caption-attachment-570794\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-570794\" title=\"Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/ethusd_2023-01-26_12-41-11_40d43-1024x572.png\" alt=\"Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report\" width=\"1024\" height=\"572\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/ethusd_2023-01-26_12-41-11_40d43-300x168.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/ethusd_2023-01-26_12-41-11_40d43-1024x572.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/ethusd_2023-01-26_12-41-11_40d43-768x429.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/ethusd_2023-01-26_12-41-11_40d43-1536x858.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/ethusd_2023-01-26_12-41-11_40d43-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/01\/ethusd_2023-01-26_12-41-11_40d43.png 1613w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><figcaption id=\"caption-attachment-570794\" class=\"wp-caption-text\"><a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n<p>Like with <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a>, previous bulls have somewhat abandoned their positions, opting to take profits as prices reentered overbought territory.<\/p>\n<p>Ethereum\u2019s 14-day RSI is currently sitting at 67.07, and appears to be heading for a ceiling at the 75.00 mark.<\/p>\n<p>Should this occur, it is likely that <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a> will collide with a ceiling at $1,685.<\/p>\n<p><em>Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n<p><em><strong>Could today\u2019s rebound in price be extended into the weekend? Leave your thoughts in the comments below.<\/strong><\/em><\/p>\n<div class=\"article__body__author\">\n<div class=\"article__body__author__avatar\">\n<img src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/04\/headshot.jpg\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/04\/headshot.jpg 1x, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/04\/headshot.jpg 2x\" class=\"avatar avatar-150 photo\"\/><\/div>\n<div class=\"article__body__author__info\">\n<h6 class=\"article__body__author__info__name\">\nEliman Dambell <\/h6>\n<p class=\"article__body__author__info__about\">\nEliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.<br \/><span class=\"td-social-icon-wrap\"><br \/>\n<a target=\"_blank\" href=\"https:\/\/twitter.com\/ElimanDambell\" title=\"Twitter\" rel=\"noopener\"><br \/>\n<i class=\"td-icon-font td-icon-twitter\"\/><br \/>\n<\/a><br \/>\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n<p class=\"images_credits\"><em><b>Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, 24K-Production \/ Shutterstock.com<\/em><\/p>\n<div class=\"disclaimer\">\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. <a href=\"https:\/\/bitcoin.com\">Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n<div class=\"bottom_article_widgets\">\n<aside id=\"bn_widget_spacing-18\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-21\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>More Popular News<\/span><\/h4>\n<\/aside>\n<aside id=\"bn_widget_spacing-19\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-46\" class=\"widget_text td_block_template_1 widget widget_custom_html\"\/>\n<aside id=\"bn_widget_spacing-20\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-30\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>In Case You Missed It<\/span><\/h4>\n<\/aside>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script>(function(d, s, id) {\n        var js, fjs = d.getElementsByTagName(s)[0];\n        if (d.getElementById(id)) return;\n        js = d.createElement(s); js.id = id;\n        js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.2\";\n        fjs.parentNode.insertBefore(js, fjs);\n    }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin-ethereum-technical-analysis-btc-back-above-23000-following-tesla-q4-earnings-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Bitcoin rallied back above $23,000 on Thursday, following the release of Tesla\u2019s quarterly earnings report. The report showed that Tesla was holding 9,720 bitcoin, worth $223 million. Ethereum was also higher, as prices were back above $1,600, rebounding from recent losses in the process. Bitcoin Bitcoin (BTC) moved [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":16924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16923"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=16923"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/16924"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=16923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=16923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=16923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}