Strategy doubles bet on BTC, and Bitcoin wins about $97,000
Even as traders continue to swallow tariff-related economic uncertainties on Friday, Bitcoin grounds itself near to the $97,000 mark.
Friday gains most of the top 10 cryptocurrencies help the attitude of crypto traders.
Originally MicroStrategy, Strategy increases its objective to $15 billion in Bitcoin profits in 2025 claims MSTR stock is a "Bitcoin shortcut".
As Washington is indicating that trade accords are approaching, trade-related economic anxiety seems to be easing, hence Bitcoin (BTC) aims return to the $100,000 mark. for Friday, the crypto market capitalization rises beyond $3.13 trillion; Bitcoin maintains consistent close proximity; majority of the top 10 cryptocurrencies flash green in terms of returns for the day.
Strategy Inc., one of Bitcoin's biggest corporate owners, announced in its Q1 earnings call an aim for profits from the currency in 2025.
Bitcoin is hovering at $97,000; next is $100,000.
On Friday, Bitcoin trading less than 5% away from $100,000. The biggest cryptocurrency achieved progress in spite of market uncertainties and changing crypto trader mood.
From Thursday's "neutral," the crypto Fear & Greed Index shows "greed" among traders, therefore indicating that mood is becoming optimistic.
Technical signs of Bitcoin are conflicting. Reading 70, the Relative Strength Index (RSI) falls exactly in overbought area. The underlying momentum in Bitcoin's rising trend is good as the Moving Average Convergence Divergence (MACD) flashes green histogram bars concurrently.
Since RSI has entered the "overvalued," or "overbought," zone, traders must pay close attention to the indicators in case of possible trends in reversal. Usually a dip from this zone might set up a sell signal. As shown in the chart below, MACD historical graph bars are continually shorter.
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