The leading crypto Bitcoin made a strong rally reaching $ 90,000. Although it lost some altitude afterwards, BTC bulls are preparing to run more. Michael Saylor expressed his views with his ‘Space Travel’ post as BTC reached its peak. In addition, legendary analyst Peter Brandt offered a brand new perspective on BTC price action.
Peter Brandt gave the signal for Bitcoin, his target is very high!
As you follow from Kriptokoin.com, Bitcoin recorded uninterrupted all-time highs this week. Many people started looking for answers about what will happen next. However, analysts suggest that BTC is just getting started. Renowned analyst Peter Brandt approaches the event with his insightful perspective on BTC. The analyst shared a ‘big buy signal in Bitcoin over the weekend’ accompanied by a chart. On the chart, the analyst showed what he believes is an inverted head and shoulders pattern that formed at the end of 2020.
If this pattern is correct, Brandt’s analysis suggests that BTC could be positioned for significant gains, with potential growth of over 300% from the recent bear market low in 2022. With this calculation, the chart implies that Bitcoin (BTC)’s next major price level could be above $200,000, a target in line with historical gains seen in previous bullish cycles.
Bitcoin bull shared a ‘Space Travel’ post!
Michael Saylor, founder and chairman of MicroStrategy, celebrated Bitcoin’s approach to $90,000. Saylor published a bullish post to comment on BTC reaching a new record high. This increase came right after the company announced another surprising Bitcoin accumulation. Thus, Saylor reacted to BTC reaching almost $ 90,000. In this direction, Saylor wrote, ‘He Has a Space Suit, He Will Travel’. He also added a rocket ship emoji flying into space to his post.
Meanwhile, the leading cryptocurrency Bitcoin saw an increase of about 10 per cent in the last day to $ 89,956. Thus, it has repeatedly reached an all-time high this week. Reacting to this spectacular rise, Saylor posted an AI-generated image of himself wearing a spacesuit and helmet, with space in the background and Earth visible from orbit.
MicroStrategy buys $2.03 billion worth of BTC
A day earlier, Saylor’s MicroStrategy announced in a press release that it had acquired more BTC. The company stated that it purchased 27,200 BTC for $2.03 billion. This purchase actually took place on 31 October and 10 November. On 31 October, Saylor also released a strategic plan to purchase a mind-boggling $42 billion worth of BTC over the next few years and significantly expand the company’s BTC holdings. MicroStrategy’s recent Bitcoin success has led to a huge increase in its share price. Thus, MSTR has risen more than 27% in the past month, significantly outperforming Bitcoin.
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