Bitcoin: Recovers $2300 After Strategy Sale
Bitcoin surges $2300 in 2.5 hours to $63642.5, erasing Strategy sale losses as $150M crypto positions liquidate.
SourceAnalysis
Bitcoin surged $2300 within 2.5 hours to reach $63642.5, fully recovering losses tied to Strategy's Bitcoin sale disclosure while $150 million in crypto positions faced liquidation over four hours.
Price action now tests the upper Bollinger Band resistance at $63795.57 with RSI(14) at 62.49 remaining neutral, yet the MACD death cross at 561.96 signals fading momentum. With price testing upper Bollinger resistance while the EMA50 holds firm at $61946.78 as concrete support, a healthy retracement toward that level appears probable before continuation higher, especially as the EMA200 at $64379.38 caps upside in the current bullish structure.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
Premium Sponsors
.jpg)
