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BTC/USD: Bearish Flag Points to a Retreat to 60,000

From dailyforex.com

Bitcoin price rose slightly as Michael Saylor’s Strategy and Vivek Ramaswamy’s Strive announced their latest purchases. The BTC/USD pair rose to 64,585 on Tuesday morning, a few points above this week’s low of 63,200. Strategy and Strive Continue Bitcoin Buying In a statement on Monday, Strategy said that it continued its Bitcoin accumulation approach. It bought 520 coins valued at over $35 million last week, bringing its total holdings to 847,363. At the same time, the company said that it boosted its cash holdings by selling shares through its at-the-market offering. It boosted its cash reserves by $300 million to ... (full story)

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  • Category: Technical Analysis