Michael Saylor Reacts as Bitcoin Aims for Breakout

Maximalist Michael Saylor, cofounder and current executive chairman of MicroStrategy, has shared an optimistic message about Bitcoin with the global community of Bitcoin enthusiasts via his X social media account.

### Michael Saylor Shares an Optimistic Message on Bitcoin

Bitcoin, the world’s leading cryptocurrency, has struggled to regain the $63,000 mark, which it lost for the third time on Monday. This decline follows a drop from the $69,800 level observed on June 12. In his tweet, Saylor encouraged his followers to “Be Different,” incorporating the Bitcoin symbol for the letter “B.”

Saylor continues to express confidence in Bitcoin’s potential, joining the ranks of other prominent supporters who believe the cryptocurrency could reach the staggering $1 million mark in the near future.

Since Monday, Bitcoin has seen a slight increase of nearly 1.5%, hitting $63,500. However, this brief upturn was followed by a 1.67% decline. Currently, Bitcoin is trading around $62,850 per coin as it attempts to recover.

### Bitcoin’s Price Target: $78,700

Cryptocurrency analyst Ali Martinez has indicated that the $65,795 level presents a significant resistance point for Bitcoin. If the cryptocurrency can break through this barrier, it might surge to as high as $78,700, potentially establishing a new all-time high.

Martinez noted that in the past two days, Bitcoin miners have sold off a substantial amount of Bitcoin—approximately 2, worth around $145 million. This selling pressure from various market participants, including significant entities like the German and U.S. governments, continues to keep Bitcoin from regaining its previous highs.