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Michael Saylor Reacts as Bitcoin Tries to Emerge
Yuri Molchan
Prominent Bitcoiner Saylor Remains Bullish Despite Bitcoin Failing to Regain $63,000
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Bitcoin Maximalist Michael Saylorco-founder of business intelligence giant MicroStrategy and currently the company’s executive chairman, used his social media account X (formerly known as Twitter) to broadcast a Bitcoin message to the global community of Bitcoiners.
Michael Saylor Shares ‘BTC Bullish’ Message
The world’s leading cryptocurrency is struggling to break above $63,000, a level it lost for the third time recently on Monday and which had previously fallen from $69,800 on June 12.
Saylor tweeted, “Be different,” using the Bitcoin symbol for the letter “B.”
Michael Saylor remains a firm believer in Bitcoin and, like many other die-hard BTC supporters, expects the largest cryptocurrency to hit the whopping $1 million mark in the near future.
Since Monday, Bitcoin has made a small increase of almost 1.5%, reaching the price of $63,500. However, this short-lived increase was followed by a decline of 1.67%. Now, Bitcoin is making another try to recover and is trading at $62,850 per coin.
Bitcoin Aims at $78,700, Here’s an Optimistic Scenario
Prominent X cryptocurrency analyst Ali Martinez tweeted today that the $65,795 level is one of the most difficult resistance levels for BTC at the moment. If Bitcoin can break through it, it may be able to rally to $78,700 and reach a new all-time high.
Martinez also revealed that Bitcoin miners have sold off another huge amount of BTC in the last two days, selling 2,300 BTC worth $145 million.
Many market participants continue to sell Bitcoin, keeping it at its current price level and preventing it from recovering its old highs so far. Among them are large entities, such as the German and US governments, which have recently sold large reserves of Bitcoin and Ethereum.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many ways. He has written for several media outlets about cryptocurrencies. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.