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Saylor’s Bitcoin Call Gains Urgency

Bitcoin remains slightly down as crypto markets see red. Michael Saylor urges network support via long-term holding amid ongoing uncertainty.

• Main Points:

  • Market Dips: Top cryptocurrencies lose ground, with Bitcoin down 0.45%.

  • Saylor’s Message: Strategy co-founder emphasizes long-term holding to strengthen BTC.

  • ETF Outflows: Investors pull $650M from Bitcoin ETFs before modest inflow.

  • Institutional Buys: Strategy adds $742M in BTC in early February.

• Detailed Insights:

  • Saylor believes that devoted long-term holders reinforce Bitcoin's core network strength.

  • Current dips keep Bitcoin stuck below its daily 50-day moving average.

  • Investors withdrew $650 million from Bitcoin ETFs before a modest Friday inflow.

  • Strategy’s recent purchases include $742 million in Bitcoin during early February.

  • Tight trading range suggests potential for sudden moves amid ongoing inflation concerns.

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BTC’s Bullish “Megaphone” Targets $270K–$300K

Bitcoin’s four-year megaphone pattern signals a possible rally toward $300,000, echoing gold’s historical climb. Analysts see institutional adoption and Elliott Wave projections driving further upside.

• Main Points:

  • Megaphone Pattern: A broadening wedge suggests strong bullish momentum.

  • Elliott Wave Outlook: Price could reach $270K–$300K by 2025.

  • Gold Comparison: BTC follows gold’s growth, hinting at even higher targets.

  • Institutional Adoption: Ongoing treasury support boosts long-term market confidence.

• Detailed Insights:

  • Four-year bullish megaphone pattern suggests BTC might surpass $270,000 soon.

  • Analyst foresees 2025 target around $300,000 driven by Elliott Wave theory.

  • BTC mirrors gold’s trajectory, fueling speculation of $400,000 or higher.

  • Growing corporate adoption and potential strategic reserve discussions bolster bullish sentiments.

  • Experts see Bitcoin evolving into a robust treasury asset akin to gold.

CZ Addresses Declining On-Chain BTC Data

As Bitcoin fundamentals appear weaker, Binance’s former CEO Changpeng Zhao attributes reduced on-chain activity to Bitcoin’s evolving role as a reserve asset rather than a transactional currency.

• Main Points:

  • Falling On-Chain Volume: Community concerns grow over Bitcoin’s slipping transaction data.

  • Reserve Asset Theory: CZ believes high fees and block times push holders toward ETFs.

  • Fidelity’s View: Analyst notes empty mempool signals rising off-chain adoption.

  • Market Watch: BTC remains near $97,000, with low volatility potentially foreshadowing big moves.

• Detailed Insights:

  • CZ claims Bitcoin’s reserve status explains lesser on-chain activity recently.

  • Growing ETF popularity boosts exposure without reflecting direct on-chain transactions.

  • Analyst Chris Kuiper cites mempool emptiness driven by rising ETF demand.

  • Low volatility since late 2023 prompts speculation about a possible BTC breakout.

  • Bitcoin price hovers near $97,000, sparking debate over another potential bull run.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results