Vivek Ramaswamy's Bitcoin Treasury Firm Encounters Challenges: Momentum Score Drops Significantly
Strive Inc. Performance: Vivek Ramaswamy's Bitcoin treasury company, Strive Inc., has seen a significant decline in its Momentum score, dropping from 75.16 to 17.2 in just a week, amid a broader downturn in the crypto market.
Bitcoin Holdings and Strategy: Strive Inc. currently holds 7,525 BTC and aims to replicate the strategy of another asset management company, Strategy Inc., despite facing volatility and bearish sentiments in the Bitcoin market.
Stock Offering Concerns: The company is raising $500 million through a preferred stock offering, which has raised concerns about potential dilution for existing shareholders.
Overall Stock Ranking: Strive's stock is performing poorly in Benzinga’s Edge Stock Rankings, showing unfavorable price trends across short, medium, and long-term assessments.
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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 | 35997.598 | 47998.799 | 60267.618 | 72268.819 | 84537.638 | 96538.839 | 108807.658 |
| Fibonacci | 47998.799 | 57269.947 | 62997.671 | 72268.819 | 81539.967 | 87267.691 | 96538.839 |
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