bitcoin price
MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC
published: 14 minutes ago
MicroStrategy has increased its Bitcoin holdings to over 90,000 BTC after purchasing another $1 billion worth of the digital asset.
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Such news is fueling the price of Bitcoin while Elon Musk has also embraced the latest "laser eye" meme to the joy of hodlers who are itching for a $100,000 BTC price. During the recent rally, the first Fibonacci level at 1.618 was reached. If that sustains support, there’s a high chance Bitcoin’s price will reach that level next. However, after breaking the all-time high of 2017, the next level of interest was the $1.2 trillion level, which is also the 1.618 Fibonacci area. If that’s lost, there’s a gap to the next area of support, which means that a breakdown to the $50,000 level can then be expected. However, as long as $55,000 is held, there isn't much that is holding Bitcoin’s price from reaching the next Fibonacci level at $63,000.
