Can Strategy’s Bitcoin Hunts Push BTC to $90K? 🤔abı,

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So, the market’s leading digital asset Bitcoin (BTC) 🚀 $87,287, spurred by a 1.3% 24-hour volatility and a $1.73T market cap. Volume over 24 hours? A whopping $35.68B. This baby’s soaring past the $87,000 mark, and it’s like it’s on steroids! 💪

But the really juicy news is that Strategy (formerly MicroStrategy) is at it again, buying up 6,911 BTC for a cool $584.1 million at an average price of $84,529 per BTC. 🤑

This latest purchase bumps their total BTC holdings to 506,137 BTC, bought for around $33.7 billion at an average price of $66,608 per BTC. That’s over 2% of Bitcoin’s entire supply! 📈

Needless to say, this move has given Strategy’s stock (MSTR) a serious boost, rising over 4% in pre-market trading and settling around $318. Not bad for a company that’s all in on Bitcoin. 💸

But wait, there’s more! Strategy plans to raise up to $21 billion to amp up its Bitcoin treasury strategy. Talk about commitment! 👏

Network Activity and Rising Transaction Fees

Crypto analyst Ali Martinez chimed in, noting that Bitcoin transaction fees have nearly tripled over the past week. 📊

#Bitcoin $BTC transaction fees have nearly tripled over the week, signaling a spike in network activity!

— Ali (@ali_charts) March 24, 2025

Translation: more people are using the network, which is usually a good sign for price action. 💹

And if you’re into parody, there’s the Michael Saylor parody account, which quipped that Bitcoin whales are buying like they’ve seen the future. 🐳

Whales are buying #Bitcoin like they’ve seen the future… and it’s bullish.

— Michael Saylor ⚡ Founder of MicroStrategy (Parody) (@Saylorsatsire) March 24, 2025

The latest liquidity inventory chart from CryptoQuant backs this up, showing a sharp increase in accumulator addresses’ demand. 📊

Source: CryptoQuant

When large investors (whales) absorb liquidity, it reduces selling pressure, potentially pushing prices higher. 📈

Bitcoin Price Analysis

While the overall outlook is bullish, Ali Martinez also warned that Bitcoin may be nearing a short-term top. The TD Sequential indicator suggests that profit-taking pressure could be on the horizon. 🚨

After timing the recent bottom, the TD Sequential indicator now suggests #Bitcoin $BTC may be approaching a short-term top, hinting at potential profit-taking ahead.

— Ali (@ali_charts) March 24, 2025

As of now, Bitcoin is trading at $87,704.05, up 3.11% in the past 24 hours. Trading volume has spiked 129.64%, indicating strong market interest, per CoinMarketCap data. 💥

To predict Bitcoin’s future price moves, key technical indicators like the RSI and Bollinger Bands provide insights. The RSI is above 52, suggesting a surge in demand. 📈

Source: TradingView

The Bollinger Bands show that Bitcoin’s price is near the upper Band at $90,343. A break above this level could signal more bullish momentum, but a rejection might lead to a pullback. 🤷‍♂️

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2025-03-25 03:27