2024

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<ul><li>Michael Saylor highlights Bitcoin’s exceptional performance since MicroStrategy’s adoption.</li><li>Analyst warns of a potential market correction, drawing parallels to the 2017 cycle.</li><li>Ripple’s XRP is projected to surge, urging the XRP Army to stay steady.</li></ul><p>Renowned Bitcoin advocate Michael Saylor has once again ignited discussions in the crypto sphere after sharing a revealing screenshot showcasing Bitcoin’s remarkable performance since August 10, 2020. This date marks the inception of <a href="https://www.microstrategy.com/" rel="noopener noreferrer nofollow">MicroStrategy</a>‘s bold Bitcoin strategy.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is Winning. <a href="https://t.co/3ESQRHKEDa" rel="noopener noreferrer nofollow">pic.twitter.com/3ESQRHKEDa</a></p>— Michael Saylor <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley"> (@saylor) <a href="https://twitter.com/saylor/status/1771638958906110426?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 23, 2024</a></blockquote></div></figure><p>According to the data presented by Saylor, Bitcoin (BTC) has surged by a staggering 432%, <a href="https://cryptonewsland.com/michael-saylor-bitcoin-to-outshine-gold-real-estate-sp/" rel="noopener noreferrer nofollow">far outstripping the performance of other assets</a>, which mostly linger around 50% or below. Saylor’s conclusion is unequivocal, Bitcoin is emerging as the clear winner in the ongoing market dynamics.</p><p>However, amidst the backdrop of Bitcoin’s triumph, a notable crypto analyst has sounded a <a href="https://twitter.com/egragcrypto/status/1771825573582516293" rel="noopener noreferrer nofollow">cautionary note</a>, suggesting that a significant disturbance might be looming on the horizon. Citing a chart analysis, the analyst proposes that the current market cycle could be replicating the white fractal observed during the 2017 bull run.&nbsp;</p><p>Should history repeat itself, a notable correction ranging between 30% to 40% could be imminent for Bitcoin before the bullish momentum resumes. As the crypto community braces for potential turbulence, the fate of alternative cryptocurrencies, or altcoins, remains uncertain. While some altcoins may witness a bleed in value, others might defy the prevailing trend and showcase resilience by outperforming expectations.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Wave 10 ( $1 – $1.2) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30a.png" alt="🌊" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f51f.png" alt="🔟" class="wp-smiley">:<br><br>The 10th "W" Pattern is exceptionally well-aligned with the current market setup, signaling a potentially significant move.<br><br>Target Prices Remain Consistent:<br><br>1) Non-Logarithmic: $1<br>2) Logarithmic: $1.2<a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPArmy</a> STAY STEADY and Appreciate the… <a href="https://t.co/PS6xZi1FFv" rel="noopener noreferrer nofollow">pic.twitter.com/PS6xZi1FFv</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1771841032147132701?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 24, 2024</a></blockquote></div></figure><p>Meanwhile, the analyst turns <a href="https://cryptonewsland.com/xrp-user-profits-by-switching-to-xrpl-from-traditional-exchanges/" rel="noopener noreferrer nofollow">attention towards Ripple’s XRP</a>, outlining a pattern dubbed “XRP Wave 10” with target price projections ranging between $1 to $1.2. This pattern, known for its alignment with market conditions, suggests the potential for a significant price movement in the near future. The analyst urges XRP enthusiasts, affectionately known as the XRP Army, to remain steadfast and appreciate their early adoption in the crypto space.</p><h4 class="wp-block-heading" id="h-read-also">Read Also</h4><ul class="wp-block-yoast-seo-related-links"><li><a href="https://cryptonewsland.com/michael-saylor-us-to-profit-most-from-crypto-adoption/" rel="noopener noreferrer nofollow">Michael Saylor: US To Profit Most From Crypto Adoption</a></li><li><a href="https://cryptonewsland.com/michael-saylor-bitcoin-is-the-best-performing-asset/" rel="noopener noreferrer nofollow">Michael Saylor: Bitcoin is the Best-Performing Asset</a></li><li><a href="https://cryptonewsland.com/btc-maximalist-michael-saylor-opens-up-against-ether/" rel="noopener noreferrer nofollow">BTC Maximalist Michael Saylor Opens up Against Ether</a></li><li><a href="https://cryptonewsland.com/microstrategys-michael-saylor-accused-of-tax-fraud/" rel="noopener noreferrer nofollow">MicroStrategy’s Michael Saylor Accused of Tax Fraud</a></li><li><a href="https://cryptonewsland.com/saylor-still-bullish-on-btc-amid-crypto-stocks-crash/" rel="noopener noreferrer nofollow">Saylor Still Bullish on BTC Amid Crypto, Stocks Crash</a></li></ul><p>The post <a href="https://cryptonewsland.com/bitcoin-is-winning-says-michael-saylor-xrp-surge-next-predicts-analyst/" rel="noopener noreferrer nofollow">Bitcoin Is Winning Says Michael Saylor, XRP Surge Next Predicts Analyst</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Is Winning Says Michael Saylor, XRP Surge Next Predicts Analyst

Crypto News Land

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