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MicroStrategy’s Michael Saylor Gives Us A Wake Up Call

MicroStrategy’s Michael Saylor is giving people a wake-up call. Check out the latest reports about what the mogul had to say on social media. Check out the tweet that he shared on X: In October, @MicroStrategy acquired a...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

MicroStrategy’s Michael Saylor Gives Us A Wake Up Call

MicroStrategy’s Michael Saylor is giving people a wake-up call. Check out the latest reports about what the mogul had to say on social media.

Check out the tweet that he shared on X:

In October, @MicroStrategy acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC. Please join us at 5pm ET as we discuss our Q3 2023 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/w7eRUcGobi

— Michael Saylor (@saylor) November 1, 2023

A follower left this message in the comments: “Congratulations to@MicroStrategy on their latest acquisition of 155 BTC! It’s impressive to see their continued commitment to Bitcoin as a strategic asset. With a total holding of 158,400 BTC, they’re positioning themselves as one of the major players in the cryptocurrency space. Looking forward to joining the discussion on their Q3 2023 financial results and gaining insights into the outlook for #BusinessIntelligence and #Bitcoin. $MSTR is certainly making waves in the industry!”

Bitcoin in the news

According to a crypto trader who had accurately predicted the May 2021 crash of Bitcoin (BTC), the cryptocurrency is now showing signs of a potential uptrend.

Dave the Wave, an anonymous analyst, has informed his 140,700 followers on the social media platform X that the weekly moving average convergence divergence (MACD) indicator of Bitcoin has turned bullish at the zero level.

This indicates that BTC may be gaining momentum. The MACD is a momentum indicator that can signal a reversal of an asset’s trend.

Dave the Wave said the following:

“Weekly BTC MACD re-crossing from a promising position low on the zero-line.

A less volatile price action as compared to last time.”

According to Dave the Wave, Bitcoin is expected to rise above the 200-month moving average (MWA) and exceed the “buy zone” of his logarithmic growth curve (LGC) model.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $35,394.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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