Strategy Shrugs Off Israel-Iran Tensions, Adds Another $1 Billion In Bitcoin To Its Treasury
Strategy's Bitcoin Acquisition: Strategy, formerly MicroStrategy, purchased an additional 10,100 BTC for approximately $1.05 billion, increasing its total holdings to 592,100 BTC valued at over $63 billion, amidst rising geopolitical tensions in the Middle East.
Corporate Crypto Adoption: Following Strategy's lead, other companies like GameStop and Metaplanet are also acquiring Bitcoin and other cryptocurrencies to enhance shareholder value, despite recent market volatility.
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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 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 41986.484 | 50993.242 | 61410.484 | 70417.242 | 80834.484 | 89841.242 | 100258.484 |
| Fibonacci | 50993.242 | 58413.21 | 62997.274 | 70417.242 | 77837.21 | 82421.274 | 89841.242 |
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