Michael Saylor: Belief Must Precede Bitcoin Positions
Michael Saylor: Bitcoin belief must precede positions as BTC trades at $62156.3 with EMA50 support at $60818.27 and MACD golden cross.
SourceAnalysis
Michael Saylor told Michaël van de Poppe in Prague that investors should skip any asset they believe will sink like New York into the Atlantic, stressing conviction must drive every position before sizing up.
Saylor applied the same filter to his own Strategy equity, warning equity investors to avoid it unless they expect Bitcoin to beat the S&P. He disclosed buying 175000 BTC this year while selling just 32 coins, two basis points of the total, and confirmed he has not sold a single satoshi personally.
BTC price action on the 4h chart shows price at $62156.3 inside the Bollinger Bands with upper resistance at $63125.41. The EMA50 at $60818.27 continues to act as dynamic support while the EMA200 at $64760.91 caps upside. MACD at 557.46 prints a bullish golden cross and RSI at 63.71 remains neutral, suggesting a measured pullback toward the 50-EMA remains probable before any extension toward the upper band.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast