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Michael Saylor's Cryptic Bitcoin Message During Germany's BTC Selloff
Michael Saylor hinted at Germany's recent Bitcoin sales with a cryptic message, suggesting the impact of large institutional actions on the market.
Joe G & Money Talks
July 09, 2024 • Estimated Reading Time: 6 minutes
What we will talk about today...
Michael Saylor's Cryptic Bitcoin Message During Germany's BTC Selloff
Bitcoin ‘Power Law’ Forecasts 300% Gains by 2025
JPMorgan Issues Dire Warning for Bitcoin Bulls
Michael Saylor hinted at Germany's recent Bitcoin sales with a cryptic message, suggesting the impact of large institutional actions on the market.
🎙️The Virtuous Network
You're The Voice - Ep. 32 with @saylor@YoureTheVoiceEFMy guest today is Michael Saylor, an American entrepreneur, the executive chairman and co-founder of @MicroStrategy, a public software and services company that recently announced it is also a… x.com/i/web/status/1…
— Efrat Fenigson (@efenigson)
8:47 AM • Jun 24, 2024
Main Points:
Cryptic Message: Saylor’s message appears to be directed at Germany’s BTC sales.
Market Impact: German government’s sales pressure Bitcoin prices.
Institutional Influence: Highlights volatility caused by large holders.
Detailed Insights:
Cryptic Message: Michael Saylor said, "Everyone gets Bitcoin at the price he deserves," likely referring to Germany’s BTC sales.
Market Impact: Germany’s wallet added back 3,073 BTC, affecting Bitcoin’s momentum.
Institutional Influence: Large BTC sales by Germany show how major holders drive market volatility.
#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
— Michael Saylor⚡️ (@saylor)
6:51 PM • Sep 18, 2020
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Bitcoin ‘Power Law’ Forecasts 300% Gains by 2025
Bitcoin’s price momentum may resume in three months, potentially leading to 300% gains by late 2025.
There's a line that bitcoin's price shall not pass. A lower bound on price, a power law.
Time contours tell us how long it will be before the support forces current prices upwards.
For 12 years, every bear market has returned to this support line.
The support passes one… x.com/i/web/status/1…
— apsk32 (@apsk32)
12:13 AM • Jun 23, 2024
If bitcoin's cycle pattern continues, price should remain inside or near this blue cloud. The ETFs pushed us out of the cloud and now we're reverting back. We're 3+ months away from upwards acceleration and we could see prices go up 4x by the end of 2025.
---Many anticipate… x.com/i/web/status/1…
— apsk32 (@apsk32)
2:10 AM • Jul 9, 2024
Main Points:
Price Forecast: Bitcoin could see 300% gains by 2025.
Current Trend: BTC price momentum is expected to resume in three months.
Power Law: Historical support suggests a $1 million BTC price by 2036.
Market Sentiment: Reduced miner selling and increased ETF inflows show optimism.
Detailed Insights:
Price Forecast: Analysis predicts Bitcoin could quadruple in value by late 2025.
Current Trend: BTC’s price may remain stable for three months before rising.
Power Law: Historical trends support a $1 million BTC price by 2036.
Market Sentiment: US Bitcoin ETFs saw nearly $300 million in inflows, indicating confidence.
Nearly 300 million dollars in inflows for #Bitcoin ETFs yesterday!
Looks like the boomers & institutions are buying the dip here, while Germany offloads a bunch of coins.
Coins moving from weak, to strong hands.
Good stuff.
— Jelle (@CryptoJelleNL)
8:07 AM • Jul 9, 2024
₿itcoin reached $57,352. +0.68%
♢Ethereum reached $3,081. +1.56%
JPMorgan warns that Bitcoin may have peaked, disappointing those hoping for new highs in the current cycle.
Main Points:
Current Peak: Bitcoin hit $73,737 on March 14.
Failed Momentum: BTC couldn’t sustain above $73,000.
Recent Decline: Dropped below $54,000, marking a 27% correction.
ETF Outflows: June saw $662 million in outflows.
Market Outlook: Some analysts remain bullish, predicting recovery.
Detailed Insights:
Current Peak: Bitcoin reached $73,737 in March but failed to maintain momentum.
Failed Momentum: Repeated attempts to stay above $73,000 were unsuccessful.
Recent Decline: BTC fell below $54,000, experiencing a 27% correction.
ETF Outflows: Bitcoin ETFs faced $662 million in outflows in June.
Market Outlook: Analysts like Tom Lee still see the potential for recovery, with Bitcoin ETFs recording $295 million in inflows on July 8.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results