Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply
Burns Brief
Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $BTC $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period.
Key Takeaways
- Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period