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Michael Saylor Posts Epic BTC Response to Dell CEO’s Bitcoin Tweet
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Michael DellCEO of Dell Technologies, recently posted a thought-provoking poll on X (formerly Twitter), asking the community to weigh in on which of the options was more important: AI, Bitcoin, or love and relationships. This simple yet profound question piqued the interest of the cryptocurrency community, with a larger portion of respondents opting for Bitcoin.
The survey, which seemed like a random survey, caught the attention of Michael Saylor, co-founder and CEO of MicroStrategy, who responded to the survey with a heart emoji. Saylor would later post an epic response to the Dell CEO’s tweet.
In a direct response to Dell’s tweet, tell me stated unequivocally: “Bitcoin is the most important thing.” This succinct statement sums up his firm belief in the transformative potential of Bitcoin as a store of value.
Saylor’s statement represents a rallying cry for greater adoption and recognition of Bitcoin’s role in reshaping global financial systems.
Bullish July?
At the time of writing, BTC is down 0.24% in the last 24 hours to $62,632. Since April, Bitcoin The price has fluctuated between $59,000 and $74,000, but historical trends point to a potentially bullish July.
According to Ali, a cryptocurrency analyst, historically, when Bitcoin has had a bad June, it tends to bounce back strongly in July. BTC has shown an average return of 7.98% and a median return of 9.60% in July.
U.S.-listed ETFs saw inflows of about $130 million on the first day of July, the highest level since early June, following outflows of more than $900 million in previous weeks.
Based on the price action, one of the most important resistance levels for Bitcoin is $65,795. If Bitcoin can break out of this level, the next major target is $78,700.
Currently, Ali said that Bitcoin seems to be trapped in a parallel channel with a barrier below $62,500; if this prediction is confirmed, BTC could bounce to $63,200 or $63,800.
About the author
Tom Wabold Olajide
Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and trading forecasts on estimated market trends. Tomiwabold holds a bachelor’s degree from the University of Lagos.