 ▲ Bitcoin (BTC) |
Dell Technologies founder and CEO Michael Dell mentioned the possibility of investing in Bitcoin (BTC), fueling speculative Bitcoin purchases throughout the weekend.
According to Cointelegraph, Dell posted on X (formerly Twitter), “Scarcity creates value,” hinting at the possibility of Dell Technologies purchasing Bitcoin. The sentence posted by Dell means that Bitcoin's supply is limited to a maximum of 21 million BTC, and is a sentence related to Bitcoin.
Joe Consorti, an analyst at Bitcoin Layer, argued that Bitcoin could benefit companies such as Dell Technologies. In addition, he mentioned that Bitcoin investment profits will become surplus capital that can be used to develop artificial intelligence (AI) at a relatively low cost in the future.
“Dell Technologies will record returns on its Bitcoin investments during the AI boom, further driving capital distribution,” he said.
He continued, “Bitcoin is the best asset to record high returns by changing the risk over several years at any time. “If you ignore these facts without any reason, you will not be able to enjoy the greatest benefits,” he added.
Currently, there are still strong expectations for Bitcoin. In another article, the media reported the predictions of Roman, a famous virtual asset trader, that Bitcoin would reach $90,000.
Roman paid attention to the weekly Relative Strength Index (RSI) and Bollinger Bands. He said, “Bitcoin is currently in its third bullish divergence. At the same time, capitulation and downward acceleration are unfolding. “The Bollinger Band is also forming pressure in a narrow area, creating price liquidity,” he said. “It is currently forming an additional bullish continuation pattern.” “If price liquidity is created, it will soar to $90,000,” he argued.
On the other hand, according to NewsBTC, cryptocurrency analyst Justin Bennett raised the prospect that Bitcoin could fall to the key range formed between $52,000 and $54,000.
Bennet paid attention to the recent decline recorded by Bitcoin and explained that the sideways trend is continuing within the section.
However, considering the key trend line formed in October 2023, bearish sentiment could become stronger. The price imbalance observed between February 26th and 27th suggests a price decline outlook due to the small amount of asset accumulation and additional selling pressure.
In particular, it was noted that there was a lot of liquidity below $56,000 and was said to be the basis for the forecast that Bitcoin could record a downward trend as the selling trend becomes clearer.
