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Coinsori

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  3. Strategy set to resume buying Bitcoin via STRC: Will BTC price hit $80K?

STRC plaanib taasaldada Bitcoini ostmise: kas BTC hind jõuab 80 000 dollarini?

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  • L Väljas
    L Väljas
    lklol
    wrote viimati muudetud poolt
    #1

    Michael Saylor’s Strategy (MSTR) looks set to restart its Bitcoin
    BTCUSD
    accumulation engine after a short pause, with its STRC preferred stock likely funding fresh crypto purchases this week.

    Key takeaways:

    Strategy may purchase at least $76.25 million in Bitcoin this week.

    Combined with a technical setup, Bitcoin may rise to $80,000 in April.

    Strategy may buy at least 1,111 BTC this week

    On Tuesday, STRC closed at $100.02, just above its $100 par value. Trading at or above par gives Strategy room to issue new shares, raise fresh capital and deploy the proceeds into Bitcoin.
    cointelegraph_ef90fdf6d094b-c739c8142f478e7c199c9b313318a09d-resized.webp
    Estimates from STRC.LIVE suggest Strategy had raised enough by Tuesday’s close to fund the purchase of more than 1,085 BTC, with the weekly total rising to over 1,111 BTC. That is equivalent to around $76.25 million.
    cointelegraph_ef90fdf6d094b-c9da5e91706f8093a953a7204d11229b-resized.webp
    This is a shift from the previous week, when STRC traded mostly below par and generated no estimated BTC purchases.

    As of late March, the company held 762,099 BTC at an average acquisition price of about $75,694, according to its latest filings.

    BTC rebounds as Strategy’s buying window reopens

    The renewed buying window has coincided with a bounce in Bitcoin prices.

    Since Tuesday,
    BTCUSD
    has climbed more than 5%, briefly reaching nearly $69,300. The move mirrors earlier gains seen during periods when Strategy was actively raising capital through STRC to buy Bitcoin.
    cointelegraph_ef90fdf6d094b-7588c7827e34476ccfa4c6c5b040f20d-resized.webp
    One example came in the week ending March 15, when Bitcoin rose more than 10% despite weak broader risk sentiment. Over the same period, Strategy purchased 22,337 BTC worth about $1.57 billion.

    The opposite dynamic emerged afterward. Bitcoin fell 14.55% over the next two weeks, roughly aligning with Strategy’s pause in purchases as STRC slipped below its $100 par value.

    On March 23, Strategy unveiled a $44.1 billion capital-raising capacity to buy more Bitcoin via the sales of STRC and other preferred stocks, indicating that it would remain a meaningful source of Bitcoin demand in the coming months.
    Bitcoin eyes $80K after bouncing from flag support

    From a technical standpoint, Bitcoin’s rebound began after it retested the lower boundary of its prevailing bear flag pattern as support.

    BTC could advance toward the flag’s upper trendline near $80,000 in April if the recovery gains further traction, particularly if boosted by renewed Strategy buying and signs of easing Iran war tensions.
    cointelegraph_ef90fdf6d094b-be8002c062b665359d2f69395ae58b43-resized.webp
    The $80,000 upside target also aligns with the 50-period exponential moving average on the three-day chart, making the area a key near-term resistance zone.

    Conversely, Bitcoin risks losing the flag’s lower trendline support and confirming the pattern’s typical bearish breakdown if those supportive catalysts fade.

    In that scenario, the measured downside target would come in near the $49,000–$50,000 zone. That aligns with the downside projections shared by multiple analysts in the past.

    source: https://www.tradingview.com/news/cointelegraph:ef90fdf6d094b:0-strategy-set-to-resume-buying-bitcoin-via-strc-will-btc-price-hit-80k/

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