Fundamental Development:- Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script.Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users should beware of the danger. He told news outlet Crikey on May 30 that Musk had reached out to get the script, but claimed the billionaire's technical knowledge was so deficient that he didn’t know how to run it.“Elon reached out to me to get hold of that script and it became apparent very quickly that he didn’t understand coding as well as he made out.”Adding insult to injury, Palmer recounted a year ago calling the SpaceX founder, a “grifter” who “sells a vision in hopes that he can one day deliver what he’s promising, but he doesn’t know that.”Musk took the comments badly, and fired back at Palmer on May 31 on Twitter. He suggested Palmer’s code could not deliver on its promise of addressing the Twitter bot problem, adding “My kids wrote better code when they were 12.”“You falsely claimed ur lame snippet of Python gets rid of bots. Ok buddy, then share it with the world …”He challenged Palmer to make the script public, which would open it to greater scrutiny. Palmer has not yet done so.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $31,200-$32,500 ranges.BTC is made low 31,200 and now consolidating within a range. Yesterday it made high near $32,400 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500.
Alternative Scenario: If Bitcoin fails to clear the $32,500 resistance zone, it could start another decline. An immediate support on the downside is near the $31,200 level.