Bitcoin Price Prediction: As Michael Saylor Says Amazon Founder Jeff Bezos Could Buy A Lot Of BTC With $600M, This Crypto Wallet ICO Blasts Past $5.3M
The Bitcoin price has edged down a fraction of a percent in the last 24 hours to trade at $95,700 as of 12:20 a.m. EST on a 1% drop in trading volume to $51 billion.
This comes as MicroStrategy co-founder Michael Saylor suggests that Amazon founder Jeff Bezos could use $600 million allegedly earmarked for his wedding on Dec. 28 in Aspen, Colorada, to invest in Bitcoin.
Saylor urges Amazon Founder Jeff Bezos to buy $600 MILLION worth of #Bitcoin 🤯
IT’S HAPPENING!!! pic.twitter.com/HzWKEzaur0
— Vivek⚡️ (@Vivek4real_) December 22, 2024
Bezos quickly shot the story down.
“This whole thing is completely false – none of this is happening,” Bezos posted on X. “The old adage ‘don’t believe everything you read’ is even more true today than it ever has been.”
Britain’s Daily Mail had reported that the lavish event would include purchasing a high-end sushi restaurant to accommodate 180 guests and renting multiple luxury mansions for prominent attendees.
Bitcoin Price Maintains The Long Term Bullish Momentum
BTC/USDT) price movement on a daily timeframe, Bitcoin is trading at $95,726, reflecting a slight dip of $540.37 (-0.57%). This pullback aligns with a potential consolidation phase, which could set the stage for the next significant move.
A key support level at $93,428 coincides with the 50-day Moving Average (SMA), which has been rising steadily and acting as a dynamic support.
Further below, the 200-day SMA at $70,444 serves as another critical support zone, underscoring Bitcoin’s strong long-term bullish trajectory. The Golden Cross event in mid-November, where the 50-day SMA crossed above the 200-day SMA, is a highly bullish indicator often preceding sustained price rallies.
BTCUSDT Analysis (Source: Tradingview)
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