Tesla’s Q4 report: Position on Bitcoin Remains Unchanged

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Today’s Cryptocurrency Headline

Electric car maker Tesla (TSLA) said in its latest earnings report on Wednesday that it did not buy or sell any bitcoin in the fourth quarter of 2022, marking the second consecutive quarter that the company did not do so. The value of its digital assets at the end of the quarter was $184 million, down from $218 million at the end of the third quarter due to impairment charges from a decline in bitcoin’s price. At the end of the third quarter, the price of bitcoin was slightly under $20,000, while At the end of the fourth quarter, it was around $16,500.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is up 2.31% over the last 24 hours and rose to an intraday high of $23,816.73. The largest cryptocurrency has been consolidating around $23,000 for the past few days, and the bulls attempted to push the price above $23,000 today on the long w The candlesticks shows that bears are selling at higher levels. The rising 20-day exponential moving average ($20,970) and the relative strength index (RSI) in the overbought zone suggest that the market sentiment is very strong. If the BTC/USDT pair sustains above $23,000, the pair could rise to $25,000.

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