Bitcoin Decline Intensifies as Saylor Indicates Another Significant Purchase
Bitcoin Price Drop: Bitcoin fell to a two-week low of approximately $87,600 amid market volatility, influenced by macroeconomic concerns, particularly the anticipated interest rate hike by the Bank of Japan.
Saylor's Acquisition Signals: Michael Saylor hinted at a potential new Bitcoin purchase by his firm, Strategy, which currently holds about 660,624 BTC, indicating confidence in accumulating during market dips.
Market Sentiment and Predictions: Analysts are divided on the impact of Japan's rate decision on Bitcoin, with some expecting further price pressure while others believe the potential hike is already priced in.
Range-Bound Outlook: Experts predict Bitcoin will remain range-bound between $80,000 and $100,000 as traders monitor macro trends for future price movements.
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