Bitcoin (BTC) Price Eyes $106K, Saylor Blames Short-Term Holders for Delay to $150K 📈
Bitcoin's price is currently around $103,315, after recovering from a brief drop below $100,000. Despite its upward momentum toward $150,000, Michael Saylor, founder of MicroStrategy, believes the price stall is due to short-term holders exiting amidst the price fluctuations.
Discussing the market dynamics on the Coin Stories podcast, Saylor referred to this phenomenon as a "rotation," highlighting the influence of short-term market participants on Bitcoin's trajectory.
Source: www.thecoinrepublic.com ↗
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