Michael Saylor warns against panic selling Bitcoin as price drops, experts suggest need for rebound

From Investing.com
September 7, 2024 12:00:22 PM:

MicroStrategy co-founder Michael Saylor urges crypto community not to sell Bitcoin amid price decline, cautioning against fear-driven panic selling. Bitcoin saw brief gain post-U.S. jobs data release, hitting $57,000, then dropping below $54,000, sparking $292 million in liquidations. Analysts like Julio Moreno and Ki Young Ju suggest lack of demand growth and potential rebound needed for bull cycle continuation. Crypto market remains volatile, with mixed price action and Accumulation Trend Score nearing 0, signaling distribution or lack of Bitcoin accumulation.

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