Bitcoin has been making headlines a lot during the past year and this year as well. The mainstream media picked up on the king coin’s price movements and they keep reporting g various price predictions as well.
Important names are boosting and supporting Bitcoin these days, despite the negative comments coming following Elon Musk’s tweets.
Check out the message that Michael Saylor posted on social media account.
— Michael Saylor (@michael_saylor) May 27, 2021
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $38,937.48.
Here’s what Scott Melker said about the price of Bitcoin and an important level of resistance.
Pushing through local resistance, 42K still up ahead, which is the most significant level on the chart for me at the moment.
Want to see some volume to kick in. pic.twitter.com/77pSx8ltAi
— The Wolf Of All Streets (@scottmelker) May 26, 2021
More important names have been dropping significant advice these days about crypto trading.
For instance, check out Changpeng Zhao’s message here: ‘If you are not a volatility trader (ie, thrive on volatility), it is better to buy then #HODL for 5 years or longer, than actively trading. So, only use money you don’t need in the next few years, and you may not need more money after that. Not financial advice.’
MicroStrategy’s Michael Saylor is involved in this move as well. Check out their tweets.
Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide. https://t.co/EHgLZ9zvDK
— Michael Saylor (@michael_saylor) May 24, 2021
The bull market is definitely not over.