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RE: MicroStrategy Plans to Buy $750 Million in Bitcoin

in Steem Alliance2 years ago

Good friend. Normally the months of August and September are difficult months for the stock market due to institutional and business holidays. Since very few institutions will show activity in the market, of course, I am talking about the European market, which plays an important role in the crypto market. On the other hand, the microstrategy news caused the bitcoin price to recover a bit, although certainly they tend to buy their bitcoin little by little and not like real whales do.

From what I have analyzed, bitcoin in these two months (August and September) will go down in value but slowly until it reaches the 26k area, due to the low activity in the European market. That's my point of view. I can be wrong.

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