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RE: MicroStrategy Plans to Buy $750 Million in Bitcoin
Dear @joeljaimes1982 ,
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Thank you for this news report, although we expect bitcoin to create a new all time high come this halving.
What's your prediction for bitcoin?
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Thank You.
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.
hello friend 13 days ago you asked me about my prediction for bitcoin. Although my prediction was not in the short term since the low activity of the European markets was coming and giving a short-term analysis was somewhat complicated, as you could see, bitcoin remained above 29k for 13 days until today that the bears lost patience and sold their bitcoin, something that was already seen coming due to the low market activity.
A rise is coming but slowly until it returns to 28.5k before the end of the week.