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According to Strategy (formerly MicroStrategy) founder Michael Saylor, buying bitcoin (BTC) strengthens the Bitcoin network while selling weakens it. Bitcoiners immediately pounced on this controversial claim. Their first critique is obvious: selling and buying always occur simultaneously. Each BTC purchase is also a sale, meaning there are always an equal number of purchases and sales at any time in the currency’s history. Giving Saylor the benefit of the doubt on this technicality, most critics were fine to assume that he intended to say buying at successively higher prices strengthens the network, and vice versa. However, even this charitable interpretation of the actual mechanics of a financial market didn’t clear much skepticism . When you buy Bitcoin, you strengthen the network. When you sell Bitcoin, you weaken it. — Michael Saylor️ (@saylor) February 15, 2025 Indeed, a prominent Bitcoiner told Saylor to re-read its whitepaper in order to full...

Bitcoin (BTC) is showing signs of approaching a significant low, presenting a potential buying opportunity for investors and traders. Recent price movements indicate a gradual rounding off from its recent peaks, reflecting a slow but steady decline in market enthusiasm and buying pressure.  This trend suggests that a major low could be imminent, which savvy investors might leverage to their advantage. Trading expert Alan Santana projected on June 26 that Bitcoin could soon test several key support levels. Currently, Bitcoin is hovering around the $62,473.33 mark, which corresponds to the 0.618 Fibonacci retracement level—a historically strong support during downtrends.  Picks for you Robert Kiyosaki reveals why he won’t invest in Bitcoin ETFs 19 mins ago ...

LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move. Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range. On the macroeconomic front, the Federal Reserve’s meeting on July 25 and 26 is an important event to keep an eye on. The FedWatch Tool shows a 99.2% probability of a 25 basis point rate hike in the meeting. If that happens, the markets may not witness a knee-jerk reaction as the hike seems to have been priced in. However, any surprise move by the Fed could thrust the price out of the range. Crypto market data daily view. Source: Coin360 Several analysts expect the range to break soon but there is no consensus on the direction of the breakout. If the price breaks below the range, analysts expect a significant downside. ...