Ansem: Current BTC/SOL prices may be a local bottom, Saylor's selling concerns are likely overpriced
Foresight News reports that crypto KOL Ansem stated that the current BTC/SOL price is at the same level as the February 2021 high. He believes that the daily close should not fall further below this level. If the market strengthens during the day and achieves a weekly and monthly close above this point, he is highly confident that this is the current cycle bottom.
Ansem also pointed out that the market is currently at the "peak panic" of anticipation that MicroStrategy founder Michael Saylor will be forced to sell Bitcoin, and much of this selling expectation has already been priced in. He believes that with MicroStrategy's current cash reserves and its ongoing ability to sell MSTR stock, Saylor has no actual need to sell Bitcoin for at least the next six months, and that overall crypto market sentiment is already at a bottom region.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MetaMUI moves users to post-quantum security without asset transfers
Brinker International Targets Double-Digit Annual Adjusted EPS Growth Through Fiscal 2029
UK productivity has been "underestimated"! Growth rate since the financial crisis revised up to 1.3%, nearly double the previous record
A new methodology released by the UK's Office for National Statistics (ONS) on Thursday indicates that the country's productivity performance since the global financial crisis has been stronger than previously estimated, as statisticians found that working hours had been overestimated.
Update: Market Chatter: Meta Liable for Fake Ads on Facebook, Instagram, German Court Rules
Crypto prices
More
