U.Today – As Bitcoin's value hovers around $66,000, a notable tweet from MicroStrategy president Michael Saylor, a prominent figure in the cryptocurrency industry, has sparked interest. His tweet, “Get the message,” comes at a time when the market is watching Bitcoin's performance with great interest.
Bitcoin price above $66,000 is more than just a number: it is a psychological threshold for the market, indicating stability after periods of volatility.
According to IntoTheBlock, Bitcoin, the first and largest cryptocurrency by market capitalization, broke through massive on-chain resistance levels by surpassing $66,000. The lack of selling during the recent move above $66,000 could suggest market confidence in BTC.
Bitcoin soared when ETFs went live in January, reaching a high of more than $74,000 in March before falling as demand for the investment vehicles waned. At the time of writing, BTC is up 0.36% in the last 24 hours to $66,378 and is up over 8% in the last seven days. Bitcoin is up about 58% this year, compared to an 11% rise in the .
Saylor, known for his bullish stance on Bitcoin and his company's significant investment in the cryptocurrency, often shares Bitcoin and his market-related insights. His last tweet, “Get the message,” is cryptic but suggestive.
It could imply a deeper understanding of current market conditions, a message that perhaps only those who observe closely can fully appreciate. Saylor posted an image of a clear white bottle placed in the sand with a Bitcoin logo etched on the label.
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That said, Saylor's tweet can be a rallying cry that encourages the community to recognize the strength and potential of Bitcoin amid the current market uncertainty. However, without additional information, Saylor's tweet remains subject to interpretation.
This article was originally published on U.Today.
