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Michael Saylor’s tweet sparks bullish sentiment for Bitcoin. In a recent tweet, Michael Saylor, CEO of MicroStrategy and prominent Bitcoin advocate, shed light on the symbolic meaning of laser eyes, reassuring the BTC community amidst a price dip from $72,700. Saylor emphasized that laser eyes represent genuine support for Bitcoin, opposing critics like Peter Schiff.
Laser eyes are an emblem, not a gimmick. #Bitcoin
— Michael Saylor⚡️ (@saylor) April 8, 2024
Originating in 2021, the trend symbolized optimism for Bitcoin’s rise to $100,000 post-halving, endorsed by figures like Saylor and Anthony Pompliano. Saylor compared Bitcoin to a global digital bank, stressing its accessibility and security.
He also shared insights on Bitcoin adoption as a currency, underscoring the simplicity of managing private keys. Investor Dan Tapiero predicts a bullish surge for Bitcoin above $200,000, citing concerns over monetary devaluation due to a Treasury market surge. Presently, Bitcoin trades at $70,568.
Key Bitcoin Levels To Watch – April 9
The market’s overall direction is upward. The ongoing retraction of the price on the daily chart is likely due to the current overbought state of the market.
According to the Stochastic Oscillator, BTCUSD is making a short-term pullback after it crossed the 80.0 level. A bounce off the rising trendline is likely to lead to the resumption of the uptrend.
BTCUSD Key Levels
Resistance Levels: $73836.00, $80000.00, $100000.00
Support Levels: $60771.00, $53000.00, $38501.00
Bitcoin Metrics
Total Market Capitalization: $2.58T
Bitcoin Market Capitalization: $1.36T
Bitcoin Volume: $35.12B
Market Rank: #1
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