With MicroStrategy’s announcement that it is buying Bitcoin (BTC), the price made an upward move and tested $ 30 thousand.
Known as the Bitcoin maximalist, MicroStrategy continues its BTC purchases from where it left off. Announcing that it purchased 467 BTC at an average of $30,835 in July, the company supported BTC. With this news, BTC, which broke $ 29,000 in a short time and reached $ 30,000, showed an increase of 5.09%. At the same time, the number of BTC held by MicroStrategy reached 152,800. But can this positive pricing effect continue? What does the technical side show?
Bitcoin (BTC) technical analysis
BTC, which fell with the weakening of the positive news from the ETF and Ripple, was struggling at $ 29,000. However, MicroStrategy, which announced that it was buying BTC last night, seemed like a drug to the price. BTC, which touched $ 30,000 with the effect of the news, is currently trading at $ 29,577.
It seems that positivity in terms of fundamental analysis is essential for the highs in BTC to continue. Positive developments on the basis of the sector may carry the price up to $ 30,300 and $ 31,436. With the voluminous break of $ 31,436, rises to $ 32,400 can be expected. As long as it is below $29,000, decreases to $28,406 – 28.40 – 27,467 and 26,800 can be observed, respectively.
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