Buyers came in the blue zone and seem keen to take $BTC higher.
If price closes daily above 113k, bulls are back in control. Key levels on the chart.
Where will Bitcoin top in this cycle? #BTCUSD
High yield strategies like $MSTY where hot on the feed a few months back. However, they basically erode your principal to pay dividends.
Such instruments trend to zero over time.
It's over for $MSTR.
I bet Saylor is praying that Strategy gets added to the S&P500 index. That's his only way out now.
ETFs and index buyers are passive inflows which can save MSTR's price. That may work if he won't dilute his shareholders more to buy $BTC.
Something has broken. Central Banks are preferring Gold to US Treasuries.
Golden decade ahead?
In a high inflation and low interest environment a $1M / $BTC is a no brainer.
Bitcoin above 110k. The bullish wedge delivered.
Key demand zone 109k-104k defended the price.
Even if price stays bearish a bounce to 112k is likely here.
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