MicroStrategy’s Michael Saylor Predicts A Bright 2024 For Bitcoin

The CEO of MicroStrategy, Michael Saylor is predicting a great 2024 for Bitcoin. Check out the latest on what he has to say about the kind coin.

Saylor recently stated that Bitcoin will be the standout asset in the year to come. Here’s the video featured on X social media platform.

#Bitcoin will be the standout asset of 2024.pic.twitter.com/0RNrWIoV0j

— Michael Saylor (@saylor) December 26, 2023

At the moment of writing this article, Bitcoin is trading in the green, and the king coin is priced at $42,469.

Just recently, we revealed the fact that Bitcoin is surrounded by all kinds of optimistic price predictions.

New reports said that there is a signal that flashed for Bitcoin, and the last time that we’ve seen this, a new ATH was 2 months away.

A cryptocurrency expert known as TechDev has predicted that Bitcoin (BTC) may reach new all-time highs within the next two months.

TechDev has a following of 425,000 people on the social media platform X and claims that Bitcoin’s on-balance volume (OBV), a trend indicator that predicts changes in price using volume flow, suggests that BTC is on the brink of new highs.

TechDev states that the OBV is currently signaling the same pattern that preceded Bitcoin’s surge to new all-time highs in 2017 and 2021.

“It’s interesting.

Bitcoin’s two-month OBV is at new highs.

Historically, it’s meant a new ATH was no more than two months away…

And a top was six to 10 [months away].”

According to TechDev, a chart indicates that when the OBV (On-Balance Volume) hits a new high, Bitcoin also reaches a new high within one candle on the two-month chart.

It’s also important to remind people that in 2024, we’ll also witness a new Bitcoin halving.

Bitcoin is set to experience its next halving, an event that will reduce the Bitcoin mining reward from 6.25 BTC to 3.125 BTC per block.

This has significant implications for the bitcoin price and the overall cryptocurrency industry.