SpaceX Tied to Bearish Bitcoin Move as Musk Hits Trillionaire Status

SpaceX is reportedly executing a direct Bitcoin acquisition mechanism tied to Elon Musk's trillionaire milestone. According to an update from @AltcoinDaily, this move could be bearish for the cryptocurrency market.

The current price of Bitcoin sits at $63,569.34, within its Bollinger Bands with upper resistance at $64,534.24 and lower support at $61,005.54. The 4h structure remains bearish as the price is below EMA50 at $63,699.67 and well under EMA200 at $70,275.35.

The MACD golden cross signals building momentum that could test upper band resistance before any sustained move. With RSI neutral at 55.05, a healthy retracement toward the 50-EMA support at $63,699.67 looks probable before continuation higher.