#MicroStrategyAcquiresBTC Bitcoin (BTC) remains bullish as it consolidates above key support at $102,500 on this 4-hour chart. Current resistance levels are near $103,650 and $103,840, while support lies at $101,998 and $101,610. The chart shows an upward trend with price staying above the 50 EMA and testing key Fibonacci zones, signaling potential for a breakout.

MicroStrategy recently acquired 2,500 BTC in December, now holding over 132,500 BTC. Their continued confidence reflects institutional demand and supports BTC’s growth narrative. Traders should monitor volume and RSI for confirmation of breakouts as MicroStrategy’s acquisitions reinforce Bitcoin's long-term bullish sentiment.