👀💸 Michael Saylor will present to the Microsoft board his Bitcoin buying strategy

🎖 Michael Saylor, from MicroStrategy, says he will have three minutes to explain to Microsoft why it should buy Bitcoin, claiming it would make it a more stable and less risky stock.

The Bitcoin enthusiast and president of MicroStrategy, Michael Saylor, announced that he has accepted to give a three-minute presentation to the board of directors of Microsoft on investing in Bitcoin.

"The activist who proposed this idea contacted me to present before the board, and I accepted to give a three-minute presentation, it's all the time allowed, and I will present it before the board of directors," Saylor said in an X Spaces organized by VanEck on November 19. At that time, the Microsoft board recommended voting against it because they already "evaluate a wide range of investable assets," including Bitcoin.

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Why Do People Believe in Bitcoin's "Moon" Potential?

1. Limited Supply: One of Bitcoin's most appealing features is its scarcity. There will only ever be 21 million Bitcoins in existence. This fixed supply, in contrast to the unlimited printing of fiat currencies by central banks, makes Bitcoin attractive as a store of value, often referred to as "digital gold."

2. Institutional Adoption: In recent years, Bitcoin has gained legitimacy as institutional investors, including hedge funds, corporations, and even governments, have begun allocating a portion of their portfolios to the cryptocurrency. Companies like Tesla, MicroStrategy, and Square have invested billions into Bitcoin, further fueling the narrative that its value will continue to rise.

3. Hedge Against Inflation: Bitcoin is increasingly seen as a hedge against inflation. As central banks around the world continue to engage in quantitative easing and stimulus measures, the value of fiat currencies is eroding. Bitcoin, with its finite supply and decentralized nature, offers an alternative that many believe can preserve wealth in an inflationary environment.

4. Technological Innovation: The blockchain technology that underpins Bitcoin is still evolving. Innovations like the Lightning Network promise to make Bitcoin transactions faster and more scalable, addressing some of the concerns about its usability as a currency. As the technology matures, it could pave the way for even broader adoption.

5. Global Acceptance: Bitcoin is becoming more widely accepted as a form of payment. Major financial services companies like PayPal and Visa have integrated Bitcoin into their platforms, making it easier for individuals to buy, sell, and spend their cryptocurrency. This increasing utility could drive demand for Bitcoin and push its price higher.

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🪙 Bitcoin reached 80,000 dollars and enters "exploration zone"

🚀 The digital currency marked a new all-time high. In the "exploration zone" there are no previous resistances to anticipate upcoming movements.

Several projections about the price of bitcoin extend the bullish cycle until 2025. By marking a new all-time high, bitcoin enters what is called the "exploration zone" or "uncharted territory".

This expression is used to refer to a price area where a financial asset — bitcoin, in this case — has never been before. There are no supports or resistances that can be used to anticipate the upcoming price movements of bitcoin.

Stay calm if you are a Junior trader as you could incur losses, seek advice before taking action.

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Bitcoin's price history is characterized by significant volatility and a series of bull and bear markets. Here are some of the key patterns observed in Bitcoin's price chart:
Bullish Patterns:
* Double Bottom: This pattern forms when the price drops to a low point, rebounds, and then drops again to a similar low point before rebounding strongly. It suggests a potential reversal of the downward trend.
* Head and Shoulders Bottom: This pattern resembles an inverted head and shoulders formation, with a low point (head) between two higher low points (shoulders). It signals a potential bullish reversal.
* Ascending Triangle: This pattern forms when the price moves sideways within an upward-sloping trendline. It suggests a potential breakout to the upside.
Bearish Patterns:
* Double Top: This pattern is the opposite of a double bottom, with two high points followed by a downward trend. It indicates a potential reversal of the upward trend.
* Head and Shoulders Top: This pattern resembles a head and shoulders formation, with a high point (head) between two lower high points (shoulders). It signals a potential bearish reversal.
* Descending Triangle: This pattern forms when the price moves sideways within a downward-sloping trendline. It suggests a potential breakout to the downside.
It's important to note that these patterns are not foolproof and should be used in conjunction with other technical analysis tools. Additionally, Bitcoin's price is influenced by a variety of factors, including market sentiment, regulatory developments, and technological advancements.
To analyze Bitcoin's price patterns in detail, you can use technical analysis tools and charts provided by various cryptocurrency exchanges and trading platforms.
Remember, past performance is not indicative of future results. It's crucial to conduct thorough research and consider the risks involved before making any investment decisions.
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🪙🚀 Bitcoin Price Could Hit $100,000 in November

🔮 The analyst's predictions come on the heels of Bitcoin's best weekly performance since the 2023 US banking crisis.

🇺🇲 How Much Can Bitcoin Price Go Before Trump's Inauguration?

Bitcoin's long-awaited all-time high of $100,000 could come in November, analysts predict based on historical chart patterns and rising investor demand since the election.

Bitcoin’s more than 100% rally so far this year has eclipsed most traditional financial assets, according to Ryan Lee, chief analyst at Bitget Research. November is historically known as the best month for Bitcoin returns, and BTC could be on its way to $100,000 before the month is out, Lee told Cointelegraph:

“If history repeats itself and Bitcoin prices grow as projected, a 14.7% from the current price level will take the coin well above $100,000 for the month. The post-halving cycle trend is also very positive when projecting the future of Bitcoin.”

Bitcoin to 100K? Do you think it’s possible?

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