Pointing out Bitcoin's resilience and dominance compared to other investment tools, executive chairman of BTC-focused company Strategy, cofounder of the company, and a renowned Bitcoin advocate, Michael Saylor, has taken to his official social media account to make a bullish Bitcoin statement as the world's flagship cryptocurrency is striving to breach the $97,000 price mark once again.
This time, in his post on X (formerly Twitter), Saylor is comparing Bitcoin to tulips, referring to the Tulip Mania in the Netherlands in the 1630s when the price of tulips surged as high as 1,000 guilders per bulb before collapsing in 1637. Here, 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 post highlights Bitcoin's excellence over tulips and all other assets out there: "Tulip season ends. Bitcoin is forever."
Earlier this week, old-school commodity trader Peter Brandt published a post 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.
On the chart published by Brandt, Bitcoin is in the parabolic arc pattern, which often indicates rapid price changes followed by large-scale corrections. According to Brandt, if BTC manages to regain the broken parabolic slope, it may skyrocket to the range between $125,000 and $150,000 by August or September. However, this surge will be followed by a 50% correction.
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.
