- Bitcoin recovers $ 100k and shows stronger support than during Trump’s previous victory pike.
- Saylor attributes the price resistance to leaving short -term holders, while long -term institutions stimulate growth.
Bitcoin [BTC] has again recovered the spotlight by crossing the long -awaited threshold of $ 100,000, indicating a potential shift in market sentiment after ending a long -term bearish process.
This revival seems to be more stable than the fleeting peak that was observed during the presidential victory of Donald Trump, when BTC rose to $ 109k for a moment before tumbling in the midst of increased economic uncertainty.
Now hold above $ 103k, with a modest profit of 0.57% in the last 24 hours per Mint market capBitcoin seems to build a stronger basis.
Saylor on Bitcoin
However, Michael Saylor thinks that Michael Saylor thinks that despite the walk in BTC, the $ 150k figure would slow down.
This, he thinks, could come from short -term holders who leave the market, even if a new wave of long -term investors starts to take positions, so that the stage can be set for a more sustainable rally ahead.
Note about the same, on the stories of the coins podcast With Natalie Brunell on May 9, Saylor noticed,
I think we are now going through a rotation where you know that many non -economically interested parties are running from the assets, and then there are a new cohort of investors. “
In his conversation, Saylor pointed out that a considerable part of Bitcoin has been checked by non-traditional holders such as government agencies, legal preservators and bankruptcy managers.
This was especially the case in the aftermath of large collapses such as FTX.
These entities, which miss a long -term investment perspective, only held to the assets as part of procedural requirements.
With the recent Bullish Momentum in the Cryptomarkt, many of these short-term treatments considered the rally as an excellent exit point to guarantee liquidity.
Is Bitcoin’s trip to $ 105k possible?
According to Saylor, this wave of selling people without strategic investment prospects has edited BTCs climb to higher goals such as $ 150,000.
Nevertheless, he remained faith in Bitcoin’s long -term process and noticed that a new breed from institutional investors is coming in through ETFs and business treasury.
Saylor also added,
“In Any Macro Panic, The Most Liquid LeverageABLE Asset is Bitcoin. Bitcoin is the only thing that you can sell, you can sell with 50x leverage on a weekend or equing it’s going to be volatile and if solle’s Happed Thome’s assetes assete becaere assete becaere assete becare becoere’s assete assete becare becoere’s assete assete becare ass assete assete becoere’s assete assete becaye assete becaere assete becage assete assete becaere’s assete assete becaere’s assete assete becaere. To go to Bitcoin first because it’s the only thing they can trade and not just trade in the US Trade Globally Worldwide. ”
In the midst of Saylor’s optimism for BTC, Forever Bitcoin critic, Peter Schiff, took this opportunity to criticize the King Coin, as he said,
Source: Peter Schiff/X
What are statistics on?
Technical indicators strengthen the current Bullish Momentum.
Both the relative strength index (RSI) and Chaikin Money Flow (CMF) placed above their respective neutral levels, which indicates a strong purchasing pressure and a healthy capital influx.
However, the presence of the RSI in the Overbought area increases the possibility of a short -term correction.
Source: Trade reproduction
Although the general sentiment remains optimistic, this overload suggests that a brief withdrawal or consolidation phase could be on the horizon, because the market wants to determine a more sustainable process.
However, an outbreak above the $ 108k level could cause an increase to $ 120k.
Credit : ambcrypto.com
