Ansem Says Bitcoin and Solana Levels Mirror February 2021 Peak as Sell-Off Fears Ease

Crypto KOL Ansem said the current BTC/SOL price level corresponds to the February 2021 peak and argued that the daily close should not break further below that level. According to Foresight News, he added that if the market strengthens intraday and posts higher closes for this week and this month, he would have greater confidence that the market has already formed a near-term bottom. Ansem also said the market is at what he described as a peak of panic over expectations that MicroStrategy founder Michael Saylor could be forced to sell Bitcoin, and that these anticipated selling pressures have largely been priced in ahead of time. He argued that, given MicroStrategy’s current cash reserves and its ability to continue selling MSTR stock, Saylor has no practical need to sell Bitcoin for at least the next six months. Ansem added that overall crypto market sentiment is already in a bottoming zone.