Bitcoin: MSTR Bears Lose Ground on Dividend Update

Bitcoin and MSTR bears are running out of time after Strategy raised cash reserves to deliver 9.8 months of dividend coverage on convertible notes tied to its MicroStrategy Bitcoin accumulation strategy.

Price action on the 4h chart shows BTC testing upper Bollinger resistance at $65150.43 while the MACD golden cross at 124.34 keeps the bullish structure intact above the EMA50 support at $64197.44, suggesting any pullback would likely find bids before continuation higher.