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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

$78,844.36
-0.00%
24h Volume

$16,469,369,539.30

24h H/L

$79,251.60 / $77,632.58

Change: $1,619.02 (2.09%)

Long/Short
53.5%
Long: 53.5%Short: 46.5%
Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$78,794.73

0.33%

Volume (24h): -

Resistance Levels
Resistance 3$90,990.21
Resistance 2$87,657.12
Resistance 1$80,438.50
Price$78,794.73
Support 1$77,169.22
Support 2$74,968.23
Support 3$72,962.70
Pivot (PP):$79,220.92
Trend:Uptrend
RSI (14):80.3
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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