The post Michael Saylor Issues Bullish Bitcoin Chart appeared on BitcoinEthereumNews.com.

The founder of Strategy (formerly known as MicroStrategy) has issued yet another bullish BTC statement. In his latest post on X, Saylor shared a chart with buying signals that go way up into July, indicating further price uptick. Earlier, Michael Saylor has predicted that the iShares Bitcoin Trust ETF (IBIT) is on track to become the biggest moneymaker among the countless ETFs offered by asset management behemoth BlackRock. In addition, it was recently discovered that BlackRock’s Bitcoin ETF fund makes BlackRock more money than its famous S&P 500 fund, according to an analysis shared by Matthew Sigel on X. On-chain analyst Ali Martinez added to the bullish sentiment, reporting that over $9.2 billion in profits have recently been realized from Bitcoin trades. However, the broader price action tells a more complex story. Will institutional investors support Bitcoin? Despite the S&P 500 and Nasdaq Composite closing at record highs last week, Bitcoin has not kept pace. Although it posted a 15% gain in the first half of 2025, the performance falls short of the explosive growth typically expected by crypto investors. The lag in momentum may be attributed to declining retail participation, with recent price moves largely driven by major institutional players like Strategy. The company’s ongoing accumulation of Bitcoin continues to be a central force in market activity. You Might Also Like Nevertheless, some analysts maintain a bullish long-term view. Ark Invest CEO Cathie Wood emphasized that U.S. economic policy — particularly deregulation and potential tax cuts — could support a recovery in business confidence and investment. These macroeconomic tailwinds, she noted, may benefit high-risk assets such as technology stocks and Bitcoin. “When interest rates come down and investment picks up, markets that are already pricing in optimism, like Bitcoin, can benefit from this rally,” said Wood. Source: https://u.today/need-to-hodl-michael-saylor-issues-bullish-bitcoin-chart

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Filed under: News - @ July 6, 2025 4:24 pm