Michael Saylor, the executive chairman and co-founder of MicroStrategy, has shared a statistic on BTC price, revealing that Bitcoin is currently trading below its 200 Week Moving Average. This is a rare occurrence and is typically associated with a bullish wave, indicating that the cryptocurrency is trading at a buy zone with potential for upside. Saylor's technical analysis is unusual, as he typically speaks on the potential of the cryptocurrency.

MicroStrategy, the largest institutional investor in Bitcoin, is set to continue purchasing Bitcoin, currently holding 152,800 BTC in total. The SEC is scheduled to give an update on spot Bitcoin ETF filings in the first week of September 2023, which could impact BTC price in the near term.