$BTC
is back above the $78,000 level.
US stock futures are down, while Gold and Silver are up.
Pre-market stock trading insights:
▫️Nasdaq futures is down 0.47% 🔴
▫️S&P futures is down 0.15% 🔴
Big Week Ahead For Crypto Holders 🚨
▫️ 24th August: US market opens after Iran's new threat to US companies
▫️ 25th August: US Housing market data will be released
▫️ 26th August: PCE inflation data, US Q2 GDP data, Nvidia earnings
▫️ 27th August: Jackson Hole Symposium
▫️ 28th August: Kevin Warsh Speech
I'm primarily focused on inflation and GDP data as it'll confirm the Fed's September interest rate decision
$BTC
daily MACD looks strong.
ETFs are buying, and there are large bids stacked around $74,000-$75,000.
At this point, Bitcoin to $90,000 looks like a real possibility.
Trade with me
Good morning, friends ☀️
May your day go exactly the way you planned. Allow yourself to truly rest ➡️ because the ability to relax is just as important as the ability to trade
Remember: to stay productive, you need to recharge 🏃
Have a wonderful day, everyone
Michael Saylor’s Bitcoin strategy is back in the green.
Strategy’s average purchase price: $75,385 per
$BTC
Bitcoin: ~$77,500
That puts Strategy’s 840,447 BTC holdings at roughly $65.1B, with an estimated $1.78B in unrealized gains.
After enduring significant volatility, the strategy is once again demonstrating its core thesis:
Conviction + scale + a long enough time horizon can turn volatility into an advantage