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BNB $620.09 -0.92%
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Bitcoin $89,997.90 -0.94%
Ethereum $3,091.02 -1.97%
BNB $620.09 -0.92%
Optimism $1.69 -5.55%
Arbitrum $0.68 -6.87%
Solana $236.80 +8.73%
Polygon $0.40 -9.24%
Cosmos $5.74 -7.92%
Avalanche $34.74 -1.16%

MicroStrategy's Michael Saylor Reveals BTC Trading Below Crucial Moving Average, Indicates Buy Zone Potential

Michael Saylor, the executive chairman and co-founder of MicroStrategy, has shared a statistic on BTC price, revealing that Bitcoin is currently trading below its 200 Week Moving Average. This is a rare occurrence and is typically associated with a bullish wave, indicating that the cryptocurrency is trading at a buy zone with potential for upside. Saylor's technical analysis is unusual, as he typically speaks on the potential of the cryptocurrency.

MicroStrategy, the largest institutional investor in Bitcoin, is set to continue purchasing Bitcoin, currently holding 152,800 BTC in total. The SEC is scheduled to give an update on spot Bitcoin ETF filings in the first week of September 2023, which could impact BTC price in the near term.

Bitcoin $89,997.90

-0.94%

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MicroStrategy's Michael Saylor Reveals BTC Trading Below Crucial Moving Average, Indicates Buy Zone Potential

All Comments

Recommended for you

Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets

MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment

Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens

China and Peru agreed to strengthen cooperation in the digital economy and other fields and promote the development of exponential technologies such as AI and blockchain

CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives

Court agrees to suspend appeal in Trump's classified documents case

Economist: ETH/BTC fell to a more than two-year low after the US election, and its performance was more brutal than expected

Coinbase CEO: Department of Government Efficiency (DOGE) is a once-in-a-generation opportunity to increase economic freedom in the United States

DEXX wrote to hackers: If the funds are returned within 24 hours, a bug bounty will be provided, otherwise enforcement action will be taken with the police

The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

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