Bitcoin May Hit $110K as Strategy Absorbs Nearly 3x New...
Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period.
Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period.
Strategy disclosed a $329.9 million Bitcoin purchase and reported a $14.46 billion unrealized loss in Q1 as it continued building its holdings.
Michael Saylor's Bitcoin treasury firm, Strategy, snapped its weekly buying streak in late March, but the latest post from Saylor suggests the buying has restarted.
Strategy has raised funds to purchase at least 1,111 BTC this week, as its STRC stock rebounds above $100.
Although Strategy still reported holding more than $51 billion in Bitcoin as of Sunday, the company’s move to not purchase more last week has some raising eyebrows.
Retail investors are the biggest buyers of Strategy's "Stretch" perpetual preferred shares, suggesting there's still significant interest from non-institutions in Bitcoin exposure.
Technical charts suggest Bitcoin bulls must hold BTC price above $70,000 to avoid a pattern confirmation to new lows under $60,000. Will altcoins also hold up?
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