Michael Saylor Hints at Increased Bitcoin Holdings Amid Market Dip

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6d ago

Should l Buy TRUMP?

Increased Bitcoin Holdings: Strategy founder Michael Saylor hinted at adding to the company's Bitcoin holdings after a 13% price drop, demonstrating confidence in market fluctuations despite a brief dip below their cost basis.
Massive Holdings: The firm currently manages over 712,647 Bitcoin, having accumulated $55 billion worth since August 2020, underscoring its dominant position in the cryptocurrency market.
Market Sentiment Decline: Following Trump's nomination of a new Fed chair, market sentiment has plummeted to a six-week low, with Bitcoin's price dropping from $87,970 to $75,892, reflecting investor concerns about future economic conditions.
Supercycle Confidence Waning: Former Binance CEO Changpeng Zhao expressed diminished confidence in the predicted Bitcoin supercycle, as the Crypto Fear & Greed Index fell to 14, indicating heightened fear in the cryptocurrency market.

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Technical Analysis for TRUMP

Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

OFFICIAL TRUMP (TRUMP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.51	2.265	3.09	3.845	4.67	5.425	6.25
Fibonacci	2.265	2.868	3.241	3.845	4.448	4.821	5.425

About TRUMP

$TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community - we’re all about fighting for what matters.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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