news 
‘Thinking Bitcoin’: Michael Saylor Speaks as BTC Maintains $98,000 Price
The crypto market is abuzz with the recent rally of Bitcoin (BTC), which has pushed its price to a new high of around $98,000. In light of this surge, MicroStrategy CEO and prominent Bitcoin advocate, Michael Saylor, recently shared his thoughts on the current state of the cryptocurrency market.
As Bitcoin’s price continues to defy expectations, many investors are left wondering what could be driving this unprecedented growth. According to Saylor, it is crucial for investors to “think” about their investments rather than simply following the crowd.
In an interview with U.Today, Saylor emphasized that he does not believe in the idea of a single “Bitcoin killer.” He believes that the rise of other cryptocurrencies and blockchain-based projects will only add fuel to Bitcoin’s growth as more investors become aware of its potential.
The Bitcoin rally could also be fueled by institutional investment. In recent times, we’ve seen an influx of mainstream companies and funds entering the crypto market, further validating the asset class.
While many experts believe that a consolidation is possible, Saylor is optimistic about the current price trajectory. He believes that there may be some fluctuations around $100,000, pointing out that Bitcoin could fluctuate between $100,000 and $90,000 for some time.
However, if investors push the price above $100,000, it’s likely that Bitcoin will retest its all-time high of $108,353. On the other hand, a break below $90,000 would open the door to a potential drop down to $85,000 support.
As always, Saylor cautions against making impulsive decisions based on short-term market fluctuations.
Source: u.today
