MicroStrategy: Buys 34,164 BTC in Record Week
MicroStrategy snaps up 34,164 BTC at $74,395, boosting holdings to 815,061 BTC worth $613.63 billion amid bullish BTC price prediction trends.
SourceMicroStrategy (MSTR) loaded up on 34,164 BTC last week at an average price of $74,395, shelling out $2.541 billion in the firm's biggest purchase haul this year. This ramps their total stash to 815,061 BTC, valued at $613.63 billion, with an average cost basis of $75,527 that leaves them nursing a $195 million floating loss right now. As the largest corporate holder of Bitcoin, this move underscores aggressive crypto treasury strategies, especially when compared to the firm's ramped-up buying over the past six months amid volatile BTC market swings.
Zooming into the 4-hour BTC chart, price action holds firm in a bullish structure with the EMA50 at $74,479.03 acting as immediate support and the EMA200 at $71,763.64 reinforcing longer-term floors. But watch that MACD death cross at 29.94 signaling bearish momentum, clashing with a neutral RSI of 52.05 that hints at indecision. Price trades snug inside the Bollinger Bands, testing the upper resistance at $77,825.20 while lower support at $73,802.39 could cap any downside—confluence here screams a potential squeeze higher if volatility exhausts upward, but I'd eye a retracement to EMA50 before chasing fresh highs in this Bitcoin price prediction setup, much like the consolidation we saw three months back during that HYPE-fueled rally.
余烬
@EmberCNAnalyst about On-chain Analysis