Bitcoin Death Cross Looms: Saylor Says ‘Hold My Beer’ As He Forecasts $13M

In a stark contrast to its $74,000 all-time high back in March, Bitcoin recently took a hard nosedive, landing at around $56,000 as of September 11. That’s nearly a 25% drop! 🤕 And let’s just say some indicators are sounding the alarm bells, warning us that it might dip even more in the weeks ahead. 📉 It has managed to catch its breath and is back up to $60,431 at the time of writing. 🤓

Was that just a pit stop or will BTC experience an even lower dip in the near future as feared by some? 😰 Get ready to flip a coin because at this point, who knows, really? 😆

Welp—apparently, someone does. It’s none other than Michael Saylor, who’s probably the most bullish guy in the world right now. Errr—always, to be precise! 😁 Let’s back up a little and review his bold prediction. 🕵🏽

The Bitcoin Prophet

So last week, Saylor went out on a limb with a prediction that Bitcoin could soar to $13 million by 2045. 💣 Social media exploded with reactions, with some people seeing him as a visionary and others thinking he’s floating in cloud nine. Is it safe to say that when life gave him Bitcoin, he literally aimed for the stars? Because if you sign up for Name a Star, with $13 million you could name 10,000 stars after you at $100 apiece! 🤩🌟

But here’s the reality right now. It seems Bitcoin is flirting with the possibility of a “death cross.” It’s that 50-day Exponential Moving Average (the fiery red wave) eyeing a possible dip below the 200-day EMA (that’s our calm blue wave). 🗠🔍 When this happens, it usually means bearish vibes are creeping in. 🐻 Take January 2022, for instance—that’s when Bitcoin decided to plummet about 60% after this cross formation. Right now, some spectators are saying it’s a very familiar pattern. 🤔

A #Bitcoin death cross is imminent!

Should we be worried? pic.twitter.com/OReGjTD2HD
— Crypto Rover (@rovercrc) September 12, 2024

The Other Michael’s Bitcoin Prediction

Investment consultant Michael van de Poppe had a bit of a gray cloud moment. He predicted a plunge to around $50,000 or, dare we say, even lower in the coming days—especially with the release of the U.S. CPI report. He’s convinced, however, that there’s a reversal time coming. 🤩

But as for the other Michael, well, he went on TV to say Bitcoin could hit $13 million! 😝 Before you start thinking he’s lost it, to be fair, he meant in the next two decades or so. 😉 He thinks it’ll be trading at S&P 500 levels, plus an extra 8% for a dash of flair. His prediction also includes Bitcoin’s share of the global capital leaping from a tiny 0.1% to a roaring 7%. Wild or mild? You decide!

HOLY SHIT!

MICHAEL SAYLOR SAID THAT #BITCOIN IS GOING TO F*CKING $13,000,000 ON LIVE TELEVISION!!! pic.twitter.com/MsXMGpK7Uq
— Kyle Chassé (@kyle_chasse) September 9, 2024

Honestly, it’s hard to argue with Saylor when everybody knows MicroStrategy has been hoarding Bitcoin, building a hefty $8.3 billion stash since August 2020. 💰💲 Just a few days before his bold prediction on CNBC, he tweeted a very short but sweet, “You do not sell your #Bitcoin.”

Guess we’re just going to have to get used to being treated to his catchy one-liners every now and then. At least it keeps the fudders at bay and brings a little chill to the BTC crowd! 🤑

💭 But what do you think? Is his claim outrageous or is he spitting straight facts?

Disclaimer: This article does not contain financial advice, nor does it have THE Michael Saylor lurking in the background to whisper the secrets of the Bitcoin universe to you. Whether you decide to sell or HODL your Bitcoin is entirely up to you! 😇 Please remain calm; channel your inner Zen master when making choices—after all, a clear mind is the best wallet you can carry. 😊

Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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