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via The Block · By The Block Editorial

Grayscale says bitcoin needs other buyers to find a 'sustainable bottom' amid Strategy BTC sale

BTC

BTC/USDT

$63,692.00

+1.64%

$63,692.00

+1.64%

(24s)

24h Volume

$24,612,267,339.15

24h H/L

$63,999.00 / $61,306.84

Change: $2,692.16 (4.39%)

Long/Short

60.7%

Long: 60.7%Short: 39.3%

Funding Rate

+0.0060%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,680.01

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$67,353.52

Resistance 2$65,664.80

Resistance 1$63,695.98

Price$63,680.01

Support 1$63,019.46

Support 2$60,978.03

Support 3$57,800.19

Pivot (PP):$62,987.67

Trend:Downtrend

RSI (14):51.8

The Block Editorial

(09:27 AM UTC)

1 min read

Reviewed byDavid Kim

874 views

0 comments

Grayscale Head of Research Zach Pandl said Strategy's ability to accumulate additional bitcoin is constrained at current STRC and MSTR share prices, suggesting that "other buyers will need to step in for bitcoin's price to establish a sustainable bottom."

Pandl's comments came after Strategy (MSTR) disclosed earlier this week that it sold 32 bitcoin (BTC) for about $2.5 million at an average…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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