{"id":459564,"date":"2021-03-26T01:00:05","date_gmt":"2021-03-26T01:00:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=459564"},"modified":"2024-06-11T14:14:17","modified_gmt":"2024-06-11T14:14:17","slug":"crypto-analyst-microstrategy-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-analyst-microstrategy-bitcoin\/","title":{"rendered":"Crypto Analyst Claims MicroStrategy Is \u201cOn The Ropes\u201d Amidst Bitcoin Selloff"},"content":{"rendered":"

MicroStrategy and its head honcho Michael Saylor<\/a> have become synonymous with Bitcoin, responsible for kicking off the corporate treasury reserve trend that’s transpired ever since.<\/p>\n

As a result of the innovative, albeit risky move, company shares skyrocketed to revisit dot com-bubble resistance levels. The rejection, has left MicroStrategy “on the ropes” amidst the recent Bitcoin selloff, suggesting things could potentially get a lot deeper.<\/p>\n

Michael Saylor Keeps Buying Bitcoin As Prices Plummet<\/h2>\n

Raging Bitcoin bull Michael Saylor has spent the last several months being the mouthpiece of the top cryptocurrency by market cap, essentially acting as its CEO, marketing department, corporate business development manager<\/a>, and social media manager all-in-one.<\/p>\n

He uses his platform as a way to spread the word about the cryptocurrency’s value, which he has repeatedly double, and tripled down on, and then some.<\/p>\n

Related Reading | This Bitcoin Metric Says The Bull Market Might Soon Be Over<\/a><\/strong><\/em><\/p>\n

At the rate he’s going, the guy will have a wallet containing more BTC than Satoshi<\/a> another year or so from now. Up until recently, this has been paying off dramatically for Saylor and anyone he influenced and bought BTC, as the price per coin has been rising substantially.<\/p>\n

\"microstrategy<\/p>\n

MicroStrategy shares went parabolic like Bitcoin | Source: NASDAQ-MSTR on TradingView.com<\/a><\/pre>\n
In tandem, the price per share of MicroStrategy (MSTR) also went parabolic, mimicking the current Bitcoin price chart<\/a>.<\/p>\n
The recent selloff and potential peak<\/a> in the leading cryptocurrency by market cap, is following a similar trajectory downward after doing the same on the way up.<\/p>\n
MicroStrategy Shares On The Ropes, Here’s Why Investors Could Be Uneasy<\/h2>\n
MicroStrategy shares are now “on the ropes,” according to one top crypto analyst<\/a>. \u00a0A potential retest could be in progress, and if the attempt fails, it could be a technical knock out for the corporation’s crypto-fueled rally.<\/p>\n
But could this also mean that sentiment is shifting enough in Bitcoin for MicroStrategy to be affected this negatively? That same theory vice versa doesn’t make sense.<\/p>\n
Whatever the case may be, there is a chance that Saylor’s bet on Bitcoin will be right, but was still a little too soon for the cryptocurrency<\/a>.<\/p>\n
\"microstrategy<\/p>\n
Michael Saylor's company shares were hit hard post dot com era | Source: NASDAQ-MSTR on TradingView.com<\/a><\/pre>\n
Where the recent MicroStrategy rally topped out, was at resistance dating back to the dot com bubble. When that popped, Saylor was reportedly left as one of that era’s biggest losers financially, according to Fortune Magazine<\/a>. Saylor had lost a total of $13.5 billion.<\/p>\n
Related Reading | Why March Is The Bloodiest Month In Bitcoin History<\/a><\/strong><\/em><\/p>\n
Once again, Saylor could end up losing out big due to his commitment to being a pioneer in the cryptocurrency. The bold bet in Bitcoin has paid off<\/a>, but his continued push has made many investors question his speculative bet \u2013 which could be behind the correction in MicroStrategy shares in the first place.<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
MicroStrategy and its head honcho Michael Saylor have become synonymous with Bitcoin, responsible for kicking off the corporate treasury reserve trend that’s transpired ever since. As a result of the innovative, albeit risky move, company shares skyrocketed to revisit dot com-bubble resistance levels. The rejection, has left MicroStrategy “on the ropes” amidst the recent Bitcoin selloff, suggesting things could potentially get a lot deeper. Michael Saylor Keeps Buying Bitcoin As Prices Plummet Raging Bitcoin bull Michael Saylor has spent the last several months being the mouthpiece of the top cryptocurrency by market cap, essentially acting as its CEO, marketing department, corporate business development manager, and social media manager all-in-one. He uses his platform as a way to spread the word about the cryptocurrency’s value, which he has repeatedly double, and tripled down on, and then some. Related Reading | This Bitcoin Metric Says The Bull Market Might Soon Be Over At the rate he’s going, the guy will have a wallet containing more BTC than Satoshi another year or so from now. Up until recently, this has been paying off dramatically for Saylor and anyone he influenced and bought BTC, as the price per coin has been rising substantially. MicroStrategy shares went parabolic like Bitcoin | Source: NASDAQ-MSTR on TradingView.com In tandem, the price per share of MicroStrategy (MSTR) also went parabolic, mimicking the current Bitcoin price chart. The recent selloff and potential peak in the leading cryptocurrency by market cap, is following a similar trajectory downward after doing the same on the way up. MicroStrategy Shares On The Ropes, Here’s Why Investors Could Be Uneasy MicroStrategy shares are now “on the ropes,” according to one top crypto analyst. \u00a0A potential retest could be in progress, and if the attempt fails, it could be a technical knock out for the corporation’s crypto-fueled rally. But could this also mean that sentiment is shifting enough in Bitcoin for MicroStrategy to be affected this negatively? That same theory vice versa doesn’t make sense. Whatever the case may be, there is a chance that Saylor’s bet on Bitcoin will be right, but was still a little too soon for the cryptocurrency. Michael Saylor’s company shares were hit hard post dot com era | Source: NASDAQ-MSTR on TradingView.com Where the recent MicroStrategy rally topped out, was at resistance dating back to the dot com bubble. When that popped, Saylor was reportedly left as one of that era’s biggest losers financially, according to Fortune Magazine. Saylor had lost a total of $13.5 billion. Related Reading | Why March Is The Bloodiest Month In Bitcoin History Once again, Saylor could end up losing out big due to his commitment to being a pioneer in the cryptocurrency. The bold bet in Bitcoin has paid off, but his continued push has made many investors question his speculative bet \u2013 which could be behind the correction in MicroStrategy shares in the first place. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":452070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,83344,81299,4524,76835],"class_list":["post-459564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-michael-saylor","tag-microstrategy","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nCrypto Analyst Claims MicroStrategy Is \u201cOn The Ropes\u201d Amidst Bitcoin Selloff<\/title>\n<meta name=\"description\" content=\"MicroStrategy and its head honcho Michael Saylor have become synonymous with Bitcoin, responsible for kicking off the corporate treasury reserve trend\" \/>\n<meta name=\"robots\" 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Claims MicroStrategy Is \u201cOn The Ropes\u201d Amidst Bitcoin Selloff","url":"http:\/\/uniquehot.com\/news\/crypto-analyst-microstrategy-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-analyst-microstrategy-bitcoin\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/bitcoin-bull-trend-breather-boxer-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/bitcoin-bull-trend-breather-boxer-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","michael saylor","microstrategy","xbt","xbtusd"],"dateCreated":"2021-03-26T01:00:05Z","datePublished":"2021-03-26T01:00:05Z","dateModified":"2024-06-11T14:14:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Claims MicroStrategy Is \\u201cOn The Ropes\\u201d Amidst Bitcoin Selloff\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-analyst-microstrategy-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-analyst-microstrategy-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/bitcoin-bull-trend-breather-boxer-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/bitcoin-bull-trend-breather-boxer-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"michael saylor\",\"microstrategy\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-03-26T01:00:05Z\",\"datePublished\":\"2021-03-26T01:00:05Z\",\"dateModified\":\"2024-06-11T14:14:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/bitcoin-bull-trend-breather-boxer-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/459564"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=459564"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/459564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/452070"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=459564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=459564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=459564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}