MicroStrategy: Buys 4603 Bitcoin for $369 Million
MicroStrategy acquires 4603 BTC for $369 million in first purchase in 10 weeks as BTC trades at $78040 with neutral RSI and bearish MACD on 4h chart.
SourceAnalysis
MicroStrategy purchased 4603 Bitcoin for $369 million, marking the firm's first acquisition in ten weeks according to the August 31 post from @CryptoKing4Ever.
Bitcoin currently sits at $78040.48 inside its Bollinger Bands on the 4h chart, with the upper resistance at $79706 and lower support at $76844.45. The EMA50 at $77340.95 and EMA200 at $70967.6 keep the broader structure bullish, yet the MACD death cross at -65.51 signals short-term momentum loss while RSI at 47.83 remains neutral. Price action near the upper band with flat momentum suggests a potential retracement toward the 50-EMA support before any continuation higher in this cycle.
Crypto King
@CryptoKing4EverSpecializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.