According to U.Today, Michael Saylor, the co-founder of MicroStrategy and its current executive chairman, recently expressed his continued optimism for Bitcoin on his social media account. Despite the leading cryptocurrency's struggle to break above $63,000, Saylor remains a strong believer in Bitcoin's potential, even predicting it could reach $1 million in the near future.
Bitcoin has been experiencing a turbulent period, having lost its $63,000 value for the third time recently and plunging from the $69,800 level on June 12. Despite these setbacks, Saylor encouraged the Bitcoin community with a simple message: 'Be Different,' using the Bitcoin symbol for the letter 'B.' Since Monday, Bitcoin has seen a small increase of almost 1.5%, reaching the $63,500 price tag. However, this short-lived rise was followed by a 1.67% drop. At present, Bitcoin is making another attempt to recover and is trading at $62,850 per coin.
In a related development, Ali Martinez, a popular cryptocurrency analyst, suggested that the $65,795 level is one of the hardest resistance levels for Bitcoin at the moment. If Bitcoin can break through it, then it may be able to surge as high as $78,700 and reach a new all-time high. Martinez also noted that over the past two days, Bitcoin miners have sold another massive amount of BTC, amounting to 2,300 BTC worth $145 million. This selling activity by large entities, including the German and U.S. governments, has kept Bitcoin at its current price level and prevented it from recovering its old highs so far.