U.Today – Maximalist Michael Saylor, co-founder of business intelligence giant MicroStrategy and currently the company's executive chairman, has taken to his social media account X (formerly known as Twitter) to send a message about Bitcoin to the global community of Bitcoiners.
Michael Saylor shares an “optimistic message about BTC”
The world's leading cryptocurrency is struggling to break above $63,000, which it lost on Monday for the third time recently and before that had plunged from the $69,800 level 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 BTC bulls, expects the largest cryptocurrency to hit the massive $1 million level in the near future.
Since Monday, Bitcoin has seen a small rise of almost 1.5%, reaching the price of $63,500. However, this brief rise was followed by a fall of 1.67%. Now, Bitcoin is making another recovery attempt and is trading at $62,850 per coin.
Bitcoin targets $78,700, this is an optimistic scenario
Popular X-list cryptocurrency analyst Ali Martinez tweeted today that the $65,795 level is one of the toughest resistance levels for BTC right now. If Bitcoin can break above it, then it could rally to $78,700 and hit a new all-time high.
Martinez also revealed that in the past two days, Bitcoin miners have sold another massive amount of BTC, selling 2, worth $145 million.
Many market players continue to sell Bitcoin, which keeps it at the current price level and prevents it from regaining its previous highs. These include large entities, such as the German and US governments, which have been selling large amounts of Bitcoin and reserves lately.
This article was originally published on U.Today
