Bitcoin Retests $97,000, Michael Saylor Reacts: ‘Bitcoin Is Forever’
05/02/2025 20:55
Long-term Bitcoin permabull Saylor comments on the current BTC price surge near $97,000
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Michael Saylor, a renowned Bitcoin advocate and the executive chairman of BTC-focused company Strategy, has taken to his official social media account to make a bullish Bitcoin statement while the world’s flagship cryptocurrency is striving to recapture the $97,000 price mark.
This time, in his tweet, Strategy’s boss and co-founder, Saylor, metaphorically likened Bitcoin to other assets in the market, stressing BTC’s dominance and resilience compared to other investment tools. Meanwhile, Bitcoin rose to surpass the $97,200 today but a rebound pushed it back below $97,000 after that. On Thursday, it also attempted to regain this important price level. Now, BTC is changing hands at $96,898
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"Tulip season ends. Bitcoin is forever"
Traditionally, Saylor has published an image full of Bitcoin symbols and himself depicted too, generated by AI. The Bitcoin bull here refers to the massive tulip mania in the Netherlands in the 1630s. Back then, the price of tulips surged to form a real bulb and it collapsed in 1637 after the price went as high as 1,000 guilders per a single bulb.
In the picture, Saylor is dressed like a Dutch merchant with a tulip field in the background and is holding a chest of Bitcoin (drawn as physical coins). The caption to the tweet highlights Bitcoin’s excellence over tulips and all other assets out there: “Tulip season ends. Bitcoin is forever.”
Peter Brandt predicts Bitcoin to $125,000 in September
Earlier this week, the old-school commodity trader Peter Brandt published a tweet to share a bullish Bitcoin price prediction. The expert trader believes that by the end of this year, the world’s leading cryptocurrency may reach $125,000-$150,000.
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In the chart published by Brandt, Bitcoin is in the parabolic arc pattern, which often indicates rapid price changes followed by large-scale corrections. Brandt said that BTC needs to regain the broken parabolic slope. In that case, it may skyrocket to the range between $125,000 and $150,000 by August or September. But that surge is to be followed by a 50% correction, he added.
The chart he shared shows that this pattern has played out several times in the past – in 2017 and 2021, when Bitcoin reached new historic price peaks but then went down in a massive correction every time.