#SaylorBTCPurchase

Saylor's recent purchase of 6,556 Bitcoin for approximately $555.8 million has significantly impacted the cryptocurrency market, particularly on Binance. Following the announcement, Bitcoin's price surged from around $65,000 to approximately $87,600, with trading volume increasing by about 10% within the first hour. Technical indicators showed a Relative Strength Index (RSI) of 68 and a bullish MACD crossover, suggesting strong upward momentum. Saylor's influence as a major advocate for Bitcoin continues to drive institutional interest and market confidence.

Authoritative Sources

MicroStrategy purchased 6,556 BTC worth approximately $555.8 million between April 14 and April 20 at an average price of $84,785 per coin. [Bitcoinist]↩

Following Saylor's announcement on April 20, Bitcoin saw an increase in price from around $65,000 to approximately $87,600. [Blockchain News]↩

Trading volume surged by about 10% within the first hour after Saylor's announcement. [Blockchain News]↩

The RSI for BTC stood at 68 following Saylor’s announcement. [Blockchain News]↩

The MACD showed a bullish crossover indicating potential upward momentum for Bitcoin prices. [Blockchain News]↩

Saylor has framed Bitcoin as a long-term hedge against inflation and fiat devaluation. [Bitcoinist]↩