Michael Saylor supports Bitcoin in response to Dell CEO's poll, bullish trend predicted for July.

From Investing.com: 2024-07-02 12:30:21

Michael Dell, CEO of Dell Technologies, sparked interest in the crypto community with a poll on X (formerly Twitter) about the most important thing: AI, Bitcoin, or love. Michael Saylor of MicroStrategy supported Bitcoin as the top choice, highlighting its transformative potential in reshaping financial systems.

Bitcoin’s price currently sits at $62,632, showing a potential bullish trend for July based on historical patterns. Analysts predict an average return of 7.98% and a median return of 9.60% for Bitcoin in July. U.S.-listed ETFs saw significant inflows of $130 million on the first day of July.

Bitcoin faces a critical resistance level at $65,795, with a breakout potentially targeting $78,700. The current price action indicates a parallel channel barrier at $62,500, with possible bounces to $63,200 or $63,800. The market outlook remains dynamic for Bitcoin.

Read more at Investing.com: Michael Saylor Posts Epic BTC Response to Dell CEO Bitcoin Tweet By U.Today