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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

$84,194.01
+0.46%
24h Volume

$20,941,395,783.94

24h H/L

$85,255.00 / $83,388.88

Change: $1,866.12 (2.24%)

Long/Short
56.8%
Long: 56.8%Short: 43.2%
Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$84,448.10

▲ 0.04%

Volume (24h): -

Resistance Levels
Resistance 3$94,549.91
Resistance 2$87,382.84
Resistance 1$85,647.49
Price$84,448.10
Support 1$84,364.01
Support 2$81,859.10
Support 3$77,001.87
Pivot (PP):$84,075.87
Trend:Uptrend
RSI (14):65.6
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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