Michael Saylor, a well -known Bitcoin advocate and the executive chairman of the BTC -focused company approach, has taken to his official social media account to make a bullish statement of Bitcoin while the world's cryptocurrency is trying to regenerate the $ 97,000 price score.
At this time, in his tweet, the boss and cofounder of the approach, Saylor, metaphorically compared Bitcoin to other market ownership, emphasizing BTC's dominance and resilient compared to other investment tools. Meanwhile, Bitcoin has risen to overcome the $ 97,200 level today, but a rebound has pushed it back to the bottom $ 97,000 after that. On Thursday, he also tried to recover important price levels. Today, the BTC is changing hands to $ 96,898.
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“Tulip Season ends, forever the Bitcoin”
Traditionally, Saylor published the images of himself, surrounded by Bitcoin's symbolism, formed by AI. In today's image, Bitcoin Bull refers to Tulip Mania in the Netherlands in the 1630s. Back then, the price of tulips grew as high as 1,000 guilders per bulb before collapse in 1637.
In the picture, Saylor dressed like a Dutch businessman with a tulip field in the background and holding Bitcoin's chest (drawn as physical coins). The caption on the tweet has highlights Bitcoin's efficiency in tulips and all other possessions there: “Tulip season ends. Bitcoin is forever.”
Peter Brandt predicts Bitcoin for $ 125,000 in September
Earlier this week, old-school commodity businessman Peter Brandt published a tweet to share a bullish price prediction of Bitcoin. The expert businessman believes that, by the end of this year, the world's leading cryptocurrency can reach $ 125,000- $ 150,000.
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In the brandt -published chart, Bitcoin is in the parabolic arc pattern, which often indicates rapid price changes followed by major corrections. Brandt said the BTC needs to recover the broken parabolic slope. In that case, it can be scheme to the range between $ 125,000 and $ 150,000 in August or September. But that advance will be followed by a 50% correction, he added.
The chart he shared shows that this pattern played several times in the past – in 2017 and 2021, when Bitcoin reached new historical price peaks but then dropped to a massive correction each time.
