As an analyst with a background in cryptocurrency market analysis, I’ve closely monitored Michael Saylor’s recent message on Bitcoin to the global community of Bitcoiners. Saylor, co-founder of MicroStrategy and current executive chairman, has long been a maximalist advocate for Bitcoin, and his latest tweet urging people to “Be Different” using the Bitcoin symbol is a clear reflection of his unwavering faith in the world’s leading cryptocurrency.
Michael Saylor, the Bitcoin maximalist and co-founder of MicroStrategy, now serves as the company’s executive chairman. He utilizes his X social media platform (previously recognized as Twitter) to disseminate a Bitcoin-related message to the worldwide Bitcoin community.
Michael Saylor shares “BTC optimistic” message
The number one cryptocurrency in the world has failed to surpass the $63,000 mark for the third time in a row since dropping from that level on Monday. Previously, it had taken a significant dive from its peak of $69,800 reached on June 12th.
Saylor tweeted: “Be Different,” using the Bitcoin symbol for the letter “B.”
₿e Different
— Michael Saylor⚡️ (@saylor) July 2, 2024
Michael Saylor continues to be a passionate advocate for Bitcoin, sharing the widespread optimistic view that this leading cryptocurrency will soon surpass the milestone price of $1 million.
Starting from last Monday, Bitcoin experienced a modest gain of approximately 1.5%, touching the $63,500 mark. Yet, this rise didn’t last long as a decline of around 1.67% ensued. Currently, Bitcoin is trying to bounce back and is being traded at about $62,850 per coin.
Bitcoin targets $78,700, here’s optimistic scenario
Cryptocurrency analyst X Ali Martinez posted on Twitter recently that the current resistance level for Bitcoin at around $65,795 is particularly challenging for the digital currency to surmount. If Bitcoin manages to breach this barrier, it could potentially soar as far as $78,700 and set a new record high.
One important barrier for Bitcoin’s price growth lies at the level of $65,795. Overcoming this hurdle could lead us to the next major objective, which is reaching $78,700.
— Ali (@ali_charts) July 2, 2024
As a researcher, I’ve discovered that Bitcoin miners have offloaded yet another substantial amount of Bitcoin within the past two days, equivalent to 2,300 BTC or approximately $145 million in today’s market. Several market participants are still selling Bitcoin, thereby maintaining its current price and hindering its attempts to reclaim previous highs. Notable among these sellers are large entities like the German and U.S. governments, which have been liquidating substantial holdings of both Bitcoin and Ethereum recently.
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2024-07-02 17:35