Main notes
- Bitcoin rose to $ 87,000 after the strategy bought 6,911 BTC for $ 584.1 million.
- The company now has a total of 506,137 BTC, which has been obtained for about 33.7 billion dollars.
- After weeks of weak performance, MSTR shares also regained $ 300.
The leading market in the Bitcoin digital assets
BTC
87 dollars 459
24 hours fluctuation:
2.4 %
The maximum market:
$ 1.73
Folder. 24h:
$ 33.92 b
It exceeded the mark of $ 87,000, and continues its strong upward momentum.
One of the most prominent developments in the last bitcoin gathering is aggressive accumulation through the previous Microstrategy.
The software company recently The acquisition of 6,911 btc announced For $ 584.1 million at an average price of 84,529 dollars per BTC.
This purchase reaches the total Bitcoin holdings of 506,137 BTC, which was obtained for about 33.7 billion dollars at an average price of $ 66,608 per BTC. As a result, the company now owns more than 2 % of the total Bitcoin supplies.
This teacher had a positive impact on the shares of the company (MSTR), which was recovered alongside the price of bitcoin. NASDAQ data shows that MSTR shares have increased more than 4 % in the pre -market trade, which is now about $ 318.
The stock also regained the level of $ 300, which represents an increase of 5 % on an annual basis (YTD).
It is important to note that the strategy plans to raise up to 21 billion dollars to increase the acceleration of the Bitcoin strategy for the Treasury.
Network activity and increased transactions fees
Ali Martinez, a famous encryption analyst, pointed out that bitcoin transactions fees have doubled almost three times during the past week.
This increase in fees indicates an increase in the network activity, which is usually driven by increasing transactions on the chain and demand over the mass area.
#Bitcoin $ BTC The transaction fees doubled almost three times during the past week, indicating an increase in the network activity! pic.twitter.com/Pfws8oio4r
Ali (ali_charts) March 24, 2025
Historically, the growing transactions fee often coincides with strong price movements, as more users deal with the network.
Moreover, a sarcastic simulation of Michael Sailor indicated in the spirit of humor that Bitcoin whales were accumulating at an aggressive pace.
Whales buy #Bitcoin As they saw the future … it is optimistic. pic.twitter.com/eqf6l3ynzf
– Michael Silor ⚡ Founder of Microstrategy (Saylorsatsire) March 24, 2025
The latest liquidity wounds of Cryptoquant supports this observation, indicating a sharp increase in the request of accumulated addresses.
Source: Cryptoquant
When adult investors (whales) absorb liquidity, the display on the stock exchanges decreases, which reduces the pressure pressure and is likely to pay prices up.
Accumulation indicates that the upward BTC momentum can continue in the short term.
Bitcoin price analysis
Despite the comprehensive upcoming ups, Martinez also warned that bitcoin may come close to the short -term top.
The TD series, a tool used for time market trends, indicates that Bitcoin may have pressure to make profit soon. If traders follow this signal, Bitcoin may see a temporary withdrawal before resuming its upward path.
After the timing of the last bottom, the TD sequence index suggests now #Bitcoin $ BTC It may come close to the short -term top, and is marked to a possible profit. pic.twitter.com/3nzoskfxr1
Ali (ali_charts) March 24, 2025
As of now, Bitcoin is trading at 87,704.05 dollars, an increase of 3.11 % over the past 24 hours. Trading volume increased by 129.64 %, indicating strong market interest, and CoinMarkcap data appears.
To evaluate the future price path of Bitcoin, the main technical indicators such as the RSI and Bollinger Bands (BB) provide more ideas.
The RSI Index (RSI) reads a value higher than 52, which means that the bulls are trying to assume responsibility. Fine contraction indicates an increase in demand.
Source: TradingView
Bollinger ranges indicate that the price of Bitcoin is close to the upper Bollenger Band, which is a resistance level at 90,343 dollars. A top break can indicate the continuation of the bullish momentum.
However, refusal can lead to withdrawal towards the middle range at $ 84,565 and the bottom band at $ 78,788.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.