Michael Saylor, founder of Strategy, believes Bitcoin has reached a key inflection point and is trading near its 200-week moving average, a historical signal of a bottoming phase that encourages investors to add positions. Five major headwinds are preventing its recovery: capital flowing to artificial intelligence build-outs, trade tensions, the ongoing Middle East crisis, Fed rate policy, and the CLARITY Act delay. Bitcoin is currently trading at $63,700 with a likely sideways structure until the Fed’s September decision, when another rate hike is expected.
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