Michael Saylor Issues Bitcoin Statement Amid $1 Billion Market Crash

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Bitcoin fell to lows of $49,050, last seen in February this year amid global market sell-off

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As noted by Ali Martinez, a crypto analyst, historically, August and September have been the worst months for Bitcoin's price performance, with average losses of -7.82% and -5.58%, respectively.highlights the possibility of a drop to $40,000 as traders face their most negative unrealized profit margins since November 2022.

The TD Sequential, according to Ali, also presents a buy signal on the Bitcoin hourly chart, anticipating a rebound to $54,000 or $56,000.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

 

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