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‘Thinking Bitcoin’: Michael Saylor Speaks as BTC Maintains $98,000 Price
In a recent statement, Michael Saylor, the co-founder and CEO of MicroStrategy, emphasized the potential for Bitcoin’s price to consolidate in the short term. According to his analysis, it is likely that Bitcoin will fluctuate between $100,000 and $90,000 before deciding on its next move.
Saylor’s prediction suggests that investors may need to be patient as the market stabilizes around this range. If the price of Bitcoin can push above $100,000, there is a possibility that it could retest its all-time high of $108,353.
On the other hand, if the price were to break and close below $90,000, Saylor warns that it would likely lead to a drop in value towards the support level at $85,000.
It is essential for investors to stay informed about market trends and updates from reputable sources like Michael Saylor to make informed decisions.
Source: u.today
