$3B Smash Buy Incoming at $99,850
Yesterday, Michael Saylor announced Microstrategy had closed another round of $3B to purchase Bitcoin. Here's a simple reason why I think it's coming at around $99,850.:
There is a Sell Wall around $100K. Plebs taking profit, but...
If Saylor smash-buys $3B on Bitcoin at ~$98,500, it could be the tipping point to push BTC over $100K and hold. That $3B might add $60B+ to market cap.
$3B buy creates a $60B+ market cap increase because Bitcoin’s price movement applies to its entire circulating supply, not just the purchased amount.\
At time of this post, we are $300 away. Push it higher! LFG.
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