Bitcoin

Show

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Michael Saylor and Peter Brandt have expressed bullish sentiments on Bitcoin.</li>
 <li>Bitcoin could reach $60,500 if it manages a daily close above $58,500.</li>
</ul>
<p>Michael Saylor, founder and chairman of MicroStrategy, and veteran trader Peter Brandt, have both shown a bullish outlook on <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>.</p>
<h2 id="industry-leaders-show-support-for-bitcoin">Industry Leaders Show Support for Bitcoin</h2>
<p>In a recent post, Saylor stated that Bitcoin is engineered to keep winning. He suggests that despite market fluctuations, Bitcoin’s design ensures its continued success.</p>
<p>Brandt also expressed his optimism, identifying a bullish pattern in Bitcoin’s performance. He referred to this as a “Foot Shot” and indicated it as a short-term buy signal.</p>
<h2 id="bitcoin-s-technical-analysis">Bitcoin’s Technical Analysis</h2>
<p>Technical analysis shows Bitcoin facing resistance from the 200 Exponential Moving Average (EMA) around the $58,000 mark. However, if Bitcoin can close above $58,500, it could potentially reach $60,500.</p>
<p>The Relative Strength Index (RSI) is currently in an oversold area, suggesting a possible recovery. CoinGlass, an on-chain analytic firm, predicts that reaching $60,500 could liquidate nearly $2.4 billion of short positions.</p>
<p>As of now, Bitcoin is trading near $57,800, with a 2% increase in the last 24 hours. However, trading volume has dropped by 37% during the same period, indicating less investor and trader activity.</p>
<p>Over the past week, Bitcoin has decreased by 6%. In the last 30 days, Bitcoin has lost over 20% of its value, dropping from $71,300 to the current $57,800 level.</p>

Michael Saylor’s Insightful Take on Bitcoin’s Volatility: An Analysis

Daftar Isi

CoinEagle.com

Artikel lain yang dipublikasikan pada 7 Jul 2024

2024 Must-Have Altcoins for Extreme Wealth

AI reimagines “The Fifth Element” as a 1950s sci-fi masterpiece

Can You Make Millions in the Current Bear Market? Insights from Market Gurus

Is It Too Late To Buy HOPPY? Hoppy Price Surges 29%, And This Might Be The Next Crypto To Explode

Experts Say: Now is the Perfect Time to Buy Crypto on the Dip

Ripple and Bitrue Promote XRP Ledger Community Growth with New Video

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!