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via The Block · By The Block Editorial

Strategy's STRC may be fueling recurring mid-month bitcoin rallies, K33 says

BTC

BTC/USDT

$64,982.11
+1.34%
24h Volume

$15,077,832,322.17

24h H/L

$65,025.22 / $63,880.00

Change: $1,145.22 (1.79%)

Long/Short
54.4%
Long: 54.4%Short: 45.6%
Funding Rate

+0.0011%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$64,905.03

1.25%

Volume (24h): -

Resistance Levels
Resistance 3$69,289.38
Resistance 2$67,303.83
Resistance 1$65,409.56
Price$64,905.03
Support 1$64,390.56
Support 2$63,352.81
Support 3$61,001.57
Pivot (PP):$63,992.58
Trend:Sideways
RSI (14):54.3
TB
The Block Editorial
(01:27 PM UTC)
1 min read
SC
Reviewed bySarah Chen

Strategy's perpetual Stretch preferred stock, STRC, is likely driving strong mid-month performance for bitcoin, according to research and brokerage firm K33, creating a supportive short-term demand dynamic for the market.

Bitcoin (BTC) posted strong returns during the middle week of March and April, a pattern that Head of Research Vetle Lunde suggested in a new report could continue this week.…

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The Block Editorial · The Block

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