#SaylorBTCPurchase
"Strategic" has doubled its bet on Bitcoin, which has gained approximately $97,000.
Even as traders continue to ignore the economic uncertainty related to tariffs on Friday, Bitcoin stabilized near the $97,000 level.
The gains of most of the top ten cryptocurrencies on Friday boosted the confidence of cryptocurrency traders.
Initially, "Strategic" raised its target to $15 billion in Bitcoin profits by 2025, claiming that MSTR stock is a "shortcut solution for Bitcoin."
The technical indicators for Bitcoin are conflicting. With a reading of 70, the Relative Strength Index (RSI) is firmly in the overbought territory. The underlying momentum in the upward direction of Bitcoin is good, as the Moving Average Convergence Divergence (MACD) indicator flashes green histogram bars simultaneously.
Since the Relative Strength Index has entered the "overvalued" or "overbought" zone, traders should pay close attention to the indicators in anticipation of a potential trend reversal. Typically, the decline from this area paves the way for a sell signal. As shown in the chart below, the historical MACD bars are consistently shortening.
