JUST IN: Michael Saylor’s Strategy resumed Bitcoin purchases after a brief pause, acquiring 7,633 BTC for $742M, bringing its total holdings to 478,740 BTC ($46B), funded by stock sales and a preferred stock offering.
📊👀 Report CoinShares on crypto fund flows over the past week: - Over the past week, investment products saw inflows into digital assets totaling ~$1.3bn; - #BTC saw inflows of $407m; - #ETH saw inflows of $793m.
$BTC 2H Analysis Rejected at the descending triangle resistance trendline. Trading within the horizontal demand zone of the pattern. A bounce from this support region is possible. ▲ Breakdown below support = potential for a deeper correction. Stay Alert and Watch the Levels Closely!
By the way, this asset has lost the $30 support. To return to a bullish scenario, the daily candle needs to close above $30; otherwise, there's a high likelihood of dropping below $25-$23. I don't trade this asset, but I occasionally check it at the request of my subscribers.
- Key Support Line held brilliantly - EMA100 acting as ultimate Support for the Right Shoulder - We’re building a decent Higher Low - Sentiment is quite low
To me, this does looks like a giant inverse Head&Shoulders. I’m sure we’re gonna breakout of it this Q1 📈
RECENTLY: BlackRock CEO Larry Fink, speaking at the World Economic Forum, suggested Bitcoin could reach $700,000 per coin with small asset manager allocations, citing its potential as a hedge against currency debasement and economic instability.