Michael Saylor tweets "Behold Bitcoin" as BTC consolidates around $60,000-$62,000

From Investing.com

August 18, 2024 9:30:18 am:

Michael Saylor, of MicroStrategy, grabs attention with a simple tweet: “Behold Bitcoin.” Bitcoin consolidates around $60,000-$62,000, with recent highs of $62,755. Speculation swirls around short-term trends as BTC sits at $59,595, up 0.95% in the last 24 hours. Saylor’s message: Consider Bitcoin’s broader adoption beyond price fluctuations.

Crypto analyst Ali Martinez points out Bitcoin’s drop below 200-day SMA, indicating a possible buying opportunity in an uptrend. Market shows indecision post-largest downtrend, but Glassnode reports a return to HODLing and accumulation activities. Despite sell-side pressure in spot markets, Bitcoin holders appear to be accumulating again.

Read more at Investing.com: Michael Saylor Stuns With Bitcoin Statement Amid BTC Price Pause By U.Today