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Bitcoin Price Prediction As ‘’Paranoid’’ Bitcoiners Slam Michael Saylor For Backing ”Too Big to Fail” Banks And Traders Pivot To This Presale Offerin

Bitcoin Price Prediction As ‘’Paranoid’’ Bitcoiners Slam Michael Saylor For Backing ”Too Big to Fail” Banks And Traders Pivot To This Presale Offerin

InsidebitcoinInsidebitcoin2024/10/22 15:28
By:Insidebitcoin

The Bitcoin price fell 2% in the last 24 hours to trade at $67,431 as of 03:27 a.m. EST on trading volume that surged 44% to $37.8 billion.

This comes as Bitcoiners slam MicroStrategy co-founder Michael Saylor over comments that recommend Bitcoin custodianship through “too big to fail” financial institutions, a shift from his earlier stance in support of self-custody.

In an October 21 interview with financial markets reporter Madison Reidy, Saylor suggested that Bitcoiners have nothing to lose by transferring their BTC to institutions.

An investor who thinks that state-sanctioned Bitcoin seizure is possible is a “paranoid crypto anarchist,” he said.

Bitcoin Price Indicators Still Support A Bullish Rally

The Bitcoin price has been in a consolidation phase since August, as the bulls have continuously struggled to push BTC above the $65,400 resistance, according to data from GeckoTerminal . BTC recently broke out of the sideways pattern, with the token aiming for a continued rally above the upper boundary.

BTC now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish stance.

Moreover, the Relative Strength Index is still trading slightly below the 70-overbought region, currently at level 60, which indicates that there may still be a position for the bulls to buy and get into the action before another leg up.

In a scenario where the price may continue soaring, the bulls may propel the price even higher to the long-term target of $80,000.

Bitcoin Price Prediction As ‘’Paranoid’’ Bitcoiners Slam Michael Saylor For Backing ”Too Big to Fail” Banks And Traders Pivot To This Presale Offerin image 0 Bitcoin Price Prediction As ‘’Paranoid’’ Bitcoiners Slam Michael Saylor For Backing ”Too Big to Fail” Banks And Traders Pivot To This Presale Offerin image 1 BTCUSD Chart Analysis Source: GeckoTerminal.com

Meanwhile, if the bears gain control here, the Bitcoin price may plunge back to the lower support at $56,400.

As the Bitcoin price declines, investors looking for new opportunities might want to consider a new meme coin ICO called Flockerz (FLOCK) , which has raised more than $971k and offers a stratospheric Annual Percentage Yield (APY) of 1,738%.

Flockerz Presale Hurtles Towards $1 Million Mark

Flockerz is building a project where the community is at the heart of decision-making, and even gets paid to participate via a Vote-to-Earn (V2E) system.

Flockerz aims to redefine decentralization through its community-driven governance model, Flocktopia. Unlike other projects, where a select few make decisions, FLOCKERZ opens its governance to all token holders.

In Flocktopia, decisions about the project’s future are made collectively by “The Flock,” the community of $FLOCK holders. Every member has a say, making the platform a truly decentralized and inclusive environment.

Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, with a sky-high annual yield of 1,738%.

To join the presale, you can buy $FLOCK on the official website here for $0.0058394 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card. 

Buy before a price hike in less than 3 days to secure the best deal.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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