Strategy: TD Cowen Lifts Target After $2B BTC Buy

Strategy drew fresh analyst attention after its $2 billion BTC accumulation, prompting TD Cowen to raise its price target on the Bitcoin giant.

Price action on the 4h chart shows BTC at $76481.58 inside the Bollinger band with upper resistance at $78897.69 and lower support at $76108.08. The EMA50 at $78629.25 and EMA200 at $77358.93 both cap upside while MACD prints a death cross at -735.22. RSI at 35.4 leaves room for further downside before any bounce, pointing to a probable test of the 50-EMA confluence zone next.