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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

$63,917.73
+0.12%
24h Volume

$11,899,653,176.51

24h H/L

$64,394.44 / $63,045.29

Change: $1,349.15 (2.14%)

Long/Short
61.5%
Long: 61.5%Short: 38.5%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$63,957.14

0.59%

Volume (24h): -

Resistance Levels
Resistance 3$68,191.60
Resistance 2$66,248.11
Resistance 1$64,266.78
Price$63,957.14
Support 1$62,905.10
Support 2$61,056.47
Support 3$59,130.91
Pivot (PP):$63,779.83
Trend:Downtrend
RSI (14):34.6
TB
The Block Editorial
(01:27 PM UTC)
1 min read
SC
Reviewed bySarah Chen
820 views
0 comments

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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