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MicroStrategy is known in the cryptocurrency community for its bullish attitude towards bitcoin. The company is a corporate leader in terms of the amount of bitcoins it holds, and its director - Michael Saylor - regularly speaks of superlatives about the first cryptocurrency. Now, a mobile software company that deals with cloud-based services and business intelligence (BI) has announced a full-time recruitment for the Lightning Network software engineer vacancy.
MicroStrategy has published a job offer for a Lightning Network software developer. After the electronics giant purchased another 301 bitcoins (BTC) last week, it has now posted a job offer. It concerns full-time employment of a person for the position of Bitcoin Lightning software engineer.
The new developer will be tasked with creating a software-as-a-service (SaaS) platform for MicroStrategy based on the Lightning Network. This is to use it for use cases in e-commerce and to establish cooperation with companies looking for payment solutions.
The BTC/USD pair has been seen testing the supply zone again. Only a sustained breakout above the levels of $20,221 - $20,580 would change the outlook to more bullish, so please keep an eye on this zone for a possible breakout towards the next target seen at $22,410. The market conditions on the H4 time frame are extremely overbought, so a local pull-back towards the level of $19,891 is possible. The nearest technical support is seen at $19,096 and $19,256. The swing low is seen at the level of $18,150.
WR3 - $19,869
WR2 - $19,490
WR1 - $19,335
Weekly Pivot - $19,190
WS1 - $18,955
WS2 - $18,731
WS3 - $18,351
The down trend on the H4, Daily and Weekly time frames continues without any indication of a possible trend termination or reversal. So far every bounce and attempt to rally is being used to sell Bitcoin for a better price by the market participants, so the bearish pressure is still high. The key long term technical support at the psychological level of $20,000 had been violated, the new swing low was made at $17,600 and if this level is violated, then the next long-term target for bulls is seen at $13,712. On the other hand, the gamechanging level for bulls is located at $25,367 and it must be clearly violated for a valid breakout.
Relevance up to 09:00 2022-10-07 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
