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- Bitcoin regains $71,000
- Michael Saylor comments on the soaring price of Bitcoin
Samson Mo, CEO of Bitcoin-focused company Jan3 and a well-known BTC maximalist, explains the latest Bitcoin price that allowed the largest cryptocurrency to regain the $71,000 price mark. I commented on the soaring prices.
Mow once again predicted that the Omega Bitcoin Candle will be coming soon. As Mo explained in recent interviews and multiple tweets, Omega candlesticks are large trading candlesticks on Bitcoin charts with high volatility movements.
Bitcoin regains $71,000
Bitcoin, the world's leading cryptocurrency, has finally managed to surpass $71,000. This is the highest price level since April 1, when BTC traded at a peak of $71,330. Before that, in mid-March, Bitcoin finally hit a new all-time high of $73,750, surprising the crypto community on a wave of Bitcoin ETFs buying every Bitcoin they could get their hands on. .
This time, the possible reason behind Bitcoin's sudden recovery (6.05% rise in 24 hours) is the positive CPI data indicating a decline in inflation and the above-mentioned week-on-one increase in exchange-traded funds. It was a positive inflow of Track Bitcoin spot price.
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Michael Saylor comments on the soaring price of Bitcoin
Another prominent Bitcoin maxi and evangelist, MicroStrategy giant founder Michael Saylor, also shared his views on the recent BTC price surge, with the flagship cryptocurrency nearing historic price highs.
“BTC price is still below $800,000,” Saylor tweeted. This sounded like an indication of the next big level he expects Bitcoin to reach soon. The MicroStrategy founder and chairman tweeted on Sunday that he suggested $69,000, $89,000, and $90,000 as the next price milestones that BTC could reach soon. The first prediction came true and Bitcoin has already broken through the $69,000 level.
When that “prediction” was made, Bitcoin was trading at just over $67,200. Overall, MicroStrategy's bet on digital gold remains huge. Starting in August 2020, the company began using surplus funds to regularly purchase blocks of BTC. To date, the business intelligence giant's crypto assets consist of 214,400 BTC. This equates to more than $7.5 billion in fiat currency. The most recent acquisition took place in April, when Saylor's company bought 122 BTC for $7.8 million.
