MicroStrategy buys more Bitcoin: MicroStrategy announced plans to issue a 3 billion USD convertible senior notes to purchase more Bitcoin, aiming to enhance its BTC holdings. With this issuance, the company has surpassed the milestone of 158,000 BTC, becoming the largest institution owning Bitcoin in the market.
BTC price nearing 100,000 USD: The current BTC price is nearing 100,000 USD, specifically at 97,427 USD. The 24-hour trading volume for Bitcoin reached 104 billion USD, indicating strong investor activity, with the potential to surpass this psychological level being real.
Technical analysis and market: Technical analysis shows that BTC price is far from its peak. In the 4-hour chart, BTC is above critical SMA indicators at 75,056 USD and strongly supported by SMA 100 and 200. Current RSI index is 76.77 suggesting potential minor correction before continued rise.
Bright future for BTC price: Analysts expect BTC price to reach 100,000 USD, opening prospects for 150,000 USD depending on economic stability and institutional support. Current trading volume ratio to market cap at 5.40% indicates strong liquidity and continued upward trend.