Strategy Acquires 1,286 Bitcoins, Boosting Total Holdings to 673,783 BTC
- Bitcoin Acquisition: Strategy disclosed in an 8K filing that it purchased 1,286 Bitcoins at $90,391 each, totaling $116.3 million, which boosts its total holdings to 673,783 BTC, further solidifying its leadership in the cryptocurrency market.
- Cost Adjustment: Following this acquisition, Strategy's average Bitcoin cost is adjusted to $75,026, reflecting significant investments made since late 2024, demonstrating the company's confidence in Bitcoin's long-term growth potential.
- Cash Reserves: Strategy currently holds $2.25 billion in cash, awaiting the MSCI's classification decision regarding cryptocurrency reserve companies, expected on January 15, which could prompt further Bitcoin acquisitions to enhance its market position.
- Market Valuation Assessment: Strategy's market net asset value (mNAV) stands at 1.01, recently dipping below 1, which may compel the company to consider liquidating some Bitcoin to manage share acquisitions if Bitcoin prices do not trend upward, showcasing its strategic response to 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 | 36063.262 | 48031.631 | 60333.282 | 72301.651 | 84603.302 | 96571.671 | 108873.322 |
| Fibonacci | 48031.631 | 57302.779 | 63030.503 | 72301.651 | 81572.799 | 87300.523 | 96571.671 |
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