July 20 BTCUSD BingX Chart Analysis and Today's Headline

BTC has been fluctuating around the $30,000 level recently, indicating strong support below. Presently, BTC remains below the midline area, with substantial support seen near $29,500. The current market exhibits a consolidation pattern with lower levels of volatility. We should monitor the first support level at $29,500 and the resistance around $30,500 for intraday developments.

Tesla Hasn’t Bought or Sold Any Bitcoin for Four Consecutive Quarters

According to CoinDesk's report, Tesla's Q2 2023 financial results revealed that the company did not engage in any Bitcoin buying or selling activities, marking the fourth consecutive quarter with no transactions. The net value of the company's digital assets remained at $184 million, unchanged from the previous three quarters. At the end of Q2, Bitcoin's price was approximately $30,400, higher than the Q1 closing price of about $28,500. However, current accounting standards do not allow an increase in the valuation of digital assets based on price appreciation unless they are sold, while assets can be impaired even if not sold during price declines.

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