Bitcoin Price Prediction: As Michael Saylor Hints At New BTC Buy Today, This Crypto Wallet Surges Past $6M In Presale
The Bitcoin price dropped 1.4% in the last 24 hours to trade at $96,059 as of 02:12 a.m. EST on trading volume that surged 63% to $35 billion. This comes as MicroStrategy co-founder Michael Saylor posted a Bitcoin chart from the SaylorTracker website on Dec. 29. Saylor, who is a BTC permabull, has often posted a BTC chart on Sundays before making a BTC purchase the following day. Disconcerting blue lines on https://t.co/Bx3917zMqi. pic.twitter.com/xPl4GTKU3E — Michael Saylor⚡️ (@saylor) December 29, 2024 Bitcoin Price Aims For A Bullish Trend Reversal The Bitcoin price Analysis on the 4-hour timeframe displays a distinct transition in price behavior over the past few weeks. Initially, the Bitcoin price exhibited a strong bullish trend, with a clear upward trajectory highlighted by a series of higher highs and higher lows. This momentum was supported by the 50-day Simple Moving Average (SMA) consistently staying above the 200-day SMA, indicating a bullish cros...