Elon Musk's recent comment that "energy is the true currency" has reignited discussions about Bitcoin's energy-intensive proof of work model. The statement, shared widely on social media platform X, has not been accompanied by any new support from Musk for Bitcoin.
Meanwhile, Bitcoin traders are closely monitoring a key resistance level at $90,000 on the 1-hour chart. According to Gert van Lagen on TradingView, a decisive break above this level could indicate a bullish trend. Bitcoin continues to trade above the lower boundary of the Gaussian channel on the weekly chart, suggesting a positive trend as long as current support levels are maintained.
Elon Musk's Energy Comment Fuels Bitcoin Debate Amid $90,000 Resistance Focus
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