đšMichael Saylor has made a notable call on Bitcoin.
In a Bloomberg interview on October 13, Strategyâs chairman suggested that BTC had bottomed around the sub-$60,000 region and was on its way back toward six figures.
He expects Bitcoin to break back above $100,000. But what is behind his optimism?
1ïžâŁ What does Saylor look at when analyzing the market?
In an interview with Binance, he discussed Bitcoinâs 200-week moving average (200W MA) and the gap between BTCâs price and this long-term indicator.
This is a long-term perspective worth watching, rather than simply reacting to every green or red candle.
2ïžâŁ Why is he still bullish on Bitcoin?
Saylor views Bitcoin as Digital Capital â a form of digital capital with a limited supply.
He believes ETFs, corporate BTC holdings, and greater participation from the banking system could expand access to Bitcoin over the long term.
3ïžâŁ What should traders do with this outlook?
I donât think we should immediately open a Long position just because Saylor predicts BTC will break above $100,000.
Someone can be right about the long-term trend and still get the timing wrong.
Watch price structure, trading volume, and BTCâs reaction at key support and resistance levels. If the market confirms an uptrend, look for entries with a reasonable risk-to-reward ratio. If price breaks below support, donât stubbornly fight the market.
Saylor may hold Bitcoin through multiple market cycles. But traders donât necessarily have to trade like him.
đ Whatâs your take?
Will BTC break above $100,000 soon, or is another leg down coming before the next rally?