news

bitcoin

1 X bitcoin bitcoin =

Sunday

27 September 2020

Tesla stock TSLA chart resembles Bitcoin bubble in 2017, says analyst

Tesla stock TSLA chart resembles Bitcoin bubble in 2017, says analyst


smart summary beta

Tesla stock TSLA chart resembles Bitcoin bubble in 2017, says analyst.

While the similarities between the Tesla and Bitcoin charts exist, there are several key differences.

First, the chart compares the daily chart of Tesla stock to the weekly chart of BTC.

But while there may be technical similarities between the Bitcoin and Tesla charts — especially since the correlation between BTC and stocks hit new highs this summer — fundamental factors likely affect the TSLA stock more than technicals. .

Variables such as the release of new technologies and an S&P 500 inclusion of the Tesla stock in the medium term could lead to the stock’s recovery.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

cointelegraph.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2018