U.Today – Michael Dell, CEO of Dell Technologies (NYSE:), recently posted a thought-provoking poll on X (formerly Twitter), asking the community to weigh in on what they consider more important between the options: AI, or love and relationships. This simple yet profound question piqued the interest of the cryptocurrency community, with a larger proportion of respondents leaning towards Bitcoin.
The poll, which seemed like a casual question, caught the attention of Michael Saylor, co-founder and CEO of MicroStrategy, who reacted to the poll 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, Saylor stated unequivocally: “Bitcoin is the most important thing.” This succinct statement sums up his firm belief in Bitcoin’s transformative potential as a store of value.
Saylor’s statement serves as 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 was down 0.24% over the past 24 hours to $62,632. Since April, Bitcoin's price has fluctuated between $59,000 and $74,000, but historical trends point to a potentially bullish July.
According to cryptocurrency analyst Ali, historically, when Bitcoin has had a negative 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, their highest level since early June, after more than $900 million in outflows in the preceding weeks.
Based on its price action, one of the most important resistance levels for Bitcoin is $65,795. If Bitcoin manages to break above this level, the next main target is $78,700.
Currently, Ali stated that Bitcoin seems trapped in a parallel channel with a lower barrier at $62,500; if this holds, BTC could bounce to $63,200 or $63,800.
This article was originally published on U.Today
