Michael Saylor Sent Out a Bullish Message About Bitcoin Called “Mortal Combat,” and the BTC Community Is Excited

Michael Saylor, a well-known advocate and investor in Bitcoin and the founder of MicroStrategy, a prominent business intelligence company, has recently utilized the X/Twitter social networking platform to initiate discussions with the cryptocurrency community and share insights regarding Bitcoin.

Message BTC That Is Similar to “Mortal Combat”

Saylor has recently disseminated a diagram illustrating the upward trajectory of several prominent assets, notably Bitcoin, after August 2020. This temporal reference coincides with MicroStrategy’s initial acquisition of a substantial quantity of BTC.

Based on the provided diagram, it is evident that the flagship cryptocurrency has exhibited superior performance, surpassing all other cryptocurrencies by a significant margin, thus attaining a notably elevated position. During the observed period spanning from August 2020 to December 15 of the current year, Bitcoin exhibited a notable growth of 253%.

In comparison, gold experienced a modest increase of 40%, while the Nasdaq 100 Index demonstrated a more conservative rise of 35%. Bitcoin’s counterpart in the physical realm, gold, has exhibited no discernible growth, whereas silver and bonds experienced a decline of 14% and 18%, respectively.

Select your preferred fighter.
 
— Michael Saylor

The diagram was published by Saylor, who complemented it with a phrase reminiscent of numerous traditional fighting games, particularly “Mortal Combat” – “Select Your Fighters.” The conveyed message exhibited a bullish tone within the given context.

The series of Bitcoin acquisitions undertaken by MicroStrategy since August 2020 serves as a testament to the strategic decision made by the company and its CEO, Mr. Saylor, to embrace Bitcoin as a core asset.

The company owned by Saylor currently possesses a total of 174,530 Bitcoin, which equates to a substantial valuation of $5.28 billion in fiat currency. The most recent Bitcoin (BTC) purchase occurred approximately two weeks ago, wherein MicroStrategy executed a transaction to acquire 16,130 Bitcoins. The total value of this acquisition amounted to $593,300,000.

The cryptocurrency community promptly engaged in active discourse, disseminating Bitcoin memes and expressing their optimistic outlook to Saylor concertedly.

Speculators Anticipate a Brief Drop in the Price of Bitcoin

Two regarded crypto analysts have expressed their perspectives on the prevailing Bitcoin price scenario, offering insights into the potential future trajectory of the foremost cryptocurrency.

In response to a tweet by Ali Martinez, Bitcoin has recently experienced a decline below a significant support zone ranging from $41,000 to $42,000. This particular zone witnessed the acquisition of approximately 730,000 BTC by nearly two million wallets.

If selling pressure intensifies on Bitcoin, resulting in a potential decline in value, Martinez postulates that individuals may opt to divest their holdings. A price decrease to the significant demand zone between $37,500 and $38,700 may transpire.

According to a tweet by Michael van de Poppe, a comparable projection was made. It is believed that towards the conclusion of the calendar year, a considerable number of individuals will initiate the selling of BTC to capitalize on their gains. Consequently, it is anticipated that Bitcoin will experience an initial decline, followed by a subsequent gradual recovery.

Based on the current analysis, it remains plausible to anticipate a downward trend preceding a subsequent gradual recovery in the context of Bitcoin.

The conclusion of the fiscal year is anticipated to witness profit taking, with a high probability of commencing from the latter part of this week or the early part of the following week. Consequently, it is expected that we will resume an upward trajectory exclusively.