Bitcoin on the Way to a Historic Peak! Saylor Uploaded, All Eyes on the Fed!
Bitcoin investor and MicroStrategy founder Michael Saylor has once again made a Bitcoin purchase that will move the markets. The company bought a total of 15,355 $BTC at an average of $92,737, making a $1.42 billion transaction. This was the third largest purchase in April alone, bringing the total purchase amount to 25,370 BTC and a total value of $2.44 billion.
Saylor’s aggressive buying strategy could be a major catalyst for Bitcoin’s price to break the $100,000 psychological barrier. Especially these days when the market is waiting for the Fed’s decision, institutional purchases are strengthening investor confidence. $BTC is currently holding above $96,000.
Bitcoin’s daily RSI (Relative Strength Index) indicator has signaled a possible bull run by rising above 70. According to historical data, when the RSI crosses this level, Bitcoin’s price usually rises by 40% to 70% over the next 30-40 days. This theoretically means that BTC could potentially reach $130,000 in the short term.
For investors, this signal could be the last day Bitcoin trades below $100,000. Such technical indicators become more meaningful, especially during periods when big players like Saylor are buying, and provide strong clues about the direction of the price.
The Fed meeting on May 7, which the markets are eagerly awaiting, could be a short-term direction determinant for Bitcoin prices. According to CME FedWatch data, the probability of interest rates remaining stable is over 97%. This shows that investors do not expect the Fed to take a hawkish step in interest rate policies.
If the Fed meeting produces a “dovish” message, this could be a significant support for Bitcoin to break the $100,000 level.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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