How the record accumulation of Bitcoin can feed a BTC price stick

Meanwhile, Michael Saylor’s MicroStrategy agreed to meet The fifth anniversary of his Bitcoin strategy with an extra purchase of $ 18 million, which means that its total interests are brought to 628,946 BTC.

There are signs of major convictions of major players, even if the prizes float near peak profit levels.

If the momentum continues, it could form the stage for the next large leg up, so that the supply is tightened, just as the demand speeds up.

At the time of the press, BTC traded at $ 118,724, with a profit from his recent rebound.

The price remained above both the 9-day and 21-day SMAs, with steady support in the short term. The RSI floated near 58, so the momentum was still in neutral territory.

MacD lines came closer; A possible bullish crossover when buying continued.

This followed on a sharp peak earlier in the week that BTC pushed shortly above $ 120k before sellers entered.

Although there is reduced volatility, the market still seemed sensitive to profit pressure. Sustainable buying at whales can help BTC build on this basis and Challenge recent highlights again.