Jeff Walton Projects $STRC Could Hover Near $100 if Bitcoin Holds Range
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Short-Term Trading Opportunity: Jeff Walton indicated that if Bitcoin maintains its current price range, $STRC could hover near $100 for the next nine trading sessions, directly linking this projection to Bitcoin's price action, which may attract investor interest.
- Historical Reference: Walton noted that the last time $STRC “hit par” was in early November, lasting about four trading days, coinciding with roughly $100 million in market share issuance, suggesting that the current market behavior could repeat this pattern, impacting liquidity and issuance activity.
- $MSTR Under Pressure: Meanwhile, the weekly chart for $MSTR shows continued weakness, with prices trading below major moving averages, including the 50-week EMA at approximately 276.53, indicating that the long-term trend remains downward, potentially affecting investor confidence.
- Momentum Indicator Oversold: The weekly RSI for $MSTR sits at 26.57, indicating strong downside momentum; although prices hover near key support levels, the current oversold condition may lead to cautious investor sentiment regarding future rebounds.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
