Bitcoin
Michael Saylor Posts Epic BTC Response to Dell CEO’s Bitcoin Tweet
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Michael DellDell Technologies CEO recently posted a thought-provoking poll on X (formerly Twitter) asking the community to weigh in on what they considered to be the most important thing between the options: AI, Bitcoin, or love and relationships. This simple yet profound question piqued the interest of the crypto community, with a larger share of respondents leaning toward Bitcoin.
The survey, which appeared to be a casual query, caught the attention of Michael Saylor, co-founder and CEO of MicroStrategy, who reacted to the survey with a heart emoji. Saylor would later post an epic response to the Dell CEO’s tweet.
In direct response to Dell’s tweet, To say stated unequivocally: “Bitcoin is the most important thing.” This succinct statement encapsulated his firm belief in Bitcoin’s transformative potential as a store of value.
Saylor’s statement serves as a rallying cry for greater adoption and recognition of Bitcoin’s role in reshaping global financial systems.
Optimistic July?
At the time of writing, BTC is down 0.24% in the last 24 hours to $62,632. Since April, Bitcoins the price has fluctuated between $59,000 and $74,000, but historical trends point to a potentially bullish July.
According to Ali, a crypto analyst, historically, when Bitcoin has had a negative June, it tends to bounce back strongly in July. BTC has shown an average return of 7.98% and a median return of 9.60% in July.
U.S.-listed ETFs saw about $130 million in inflows on the first day of July, their highest level since early June, after more than $900 million in outflows in previous weeks.
Considering its price action, one of the most important resistance levels for Bitcoin is $65,795. If Bitcoin manages to break above this level, the next main target is $78,700.
Currently, Ali stated that Bitcoin appears stuck in a parallel channel with a lower barrier at $62,500; if this holds, BTC could jump to $63,200 or $63,800.
About the author
Tomiwabold Olajide
Tomiwabold is a seasoned cryptocurrency analyst and technical analyst. He focuses heavily on cryptocurrency research, conducting comprehensive price analysis, and predicting exchange market trends. Tomiwabold graduated from the University of Lagos.