Michael Saylor Discloses New Bitcoin Purchases Amid Market Sell-Off
- New Bitcoin Acquisition: Strategy acquired 2,932 Bitcoin for $264.1 million last week at an average price of $90,061 per BTC, demonstrating a proactive investment approach during market downturns.
- Total Holdings Increase: This purchase raised Strategy's total Bitcoin holdings to 712,647 BTC, with a cumulative investment of approximately $54.19 billion at an average cost of $76,037 per coin, reflecting strong long-term confidence in Bitcoin.
- Accelerated Buying Trend: So far this month, Strategy has purchased about 40,100 BTC, exceeding the total from the previous five months combined, indicating a significant acceleration in buying activity since the start of the year, particularly during market weakness.
- Market Response: Despite Bitcoin prices falling over 6% from recent highs, Strategy continues to make smaller purchases in weak market conditions, showcasing its sustained confidence in Bitcoin's future.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59177.12 | 62147.56 | 65042.12 | 68012.56 | 70907.12 | 73877.56 | 76772.12 |
| Fibonacci | 62147.56 | 64387.99 | 65772.13 | 68012.56 | 70252.99 | 71637.13 | 73877.56 |
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