REDATOR Ben Graham Posted February 18 REDATOR Report Share Posted February 18 In a recent interview, Michael Saylor, well known for his steadfast view of Bitcoin as a revolutionary asset, made several key statements. He acknowledged that crypto winter has already arrived, but added that the recovery cycle has already begun. This dual assertion paints a picture of the current market situation, emphasizing that despite the onset of a bear market and a sharp Bitcoin sell-off, this cycle differs from previous ones. Saylor noted that the current Bitcoin decline — the largest in five years — is significantly milder than past cycles. This observation underlines that while the correction is substantial, it remains within the historical norms for this volatile asset. In Saylor's view, this downturn will be shorter than previous ones, followed by phases of recovery and renewed growth. A key difference in this crypto winter, Saylor said, is the increased support from traditional institutions. He highlighted two main directions of that support. First, the banking sector is more actively integrating digital assets, for example through the formation of digital credit networks. This integration signals growing recognition and adoption of cryptocurrencies by the traditional financial system. Second, Saylor emphasized the stance of the US administration and much of the cabinet, which supports digital assets and innovation. Such public sector backing, even amid a correction, creates a more favorable environment for the industry's development. Saylor also pointed to ongoing technological and infrastructure improvements in the crypto space. "Every month we see technical and infrastructure shifts that attract additional capital into the digital?asset class," the Strategy CEO said. Clearly, advances in scalability, improved security and the emergence of new decentralized applications continually increase cryptocurrencies' utility and appeal, laying the groundwork for future growth and onboarding of new market participants. Trading recommendations Bitcoin Buyers are currently targeting a return to $68,900, which would open a direct path to $70,600 and then to $71,125. The farther target is around $74,600; breaking that level would signal attempts to restore the bull market. In case of a decline, buyers are expected at $66,400. A move below that area could quickly push BTC toward $64,400. The far downside target is $62,600. Ethereum A clear hold above $1,998 opens a direct path to $2,078. The farther target is around $2,169; surpassing that would indicate strengthening bullish sentiment and renewed buyer interest. In case of a decline, buyers are expected at $1,907. A move below that area could quickly push ETH toward $1,819. The far downside target is $1,724. What's on the chart The red lines represent support and resistance levels, where price is expected to either pause or react sharply. The green line shows the 50-day moving average. The blue line is the 100-day moving average. The lime line is the 200-day moving average. Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market. The material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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