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Bitcoin’s $70K Floor? Key Trends This Week

Bitcoin traders watch for a $70K support floor as liquidity builds. With the Fed’s rate decision approaching and bullish historical patterns emerging, key price targets range from $69K to $126K.

What we will talk about today...

Saylor’s Strategy Makes Smallest Bitcoin Purchase Yet

Bitcoin’s $70K Floor? Key Trends This Week

Bitcoin’s Bullish Cross Signals $120K Target

Saylor’s Strategy Makes Smallest Bitcoin Purchase Yet

Despite Bitcoin's recent dip, Strategy acquired just 130 BTC—its smallest purchase to date—bringing its total holdings close to 500,000 BTC.

  • Main Points:

    • Strategy bought 130 BTC for $10.7M at $82,981 per BTC.

    • The smallest BTC purchase since its first 2020 acquisition.

    • Strategy now holds 499,226 BTC, just 774 BTC away from 500K.

    • Bitcoin yield stands at 6.9%, below the 15% target for 2025.

    • 2025 acquisitions total 51,656 BTC across seven purchases.

  • Detailed Insights:

    • The purchase was funded via the new “STRK ATM” capital-raising program.

    • Prior smallest buy was 169 BTC in August 2024.

    • Bitcoin briefly fell below $80K last week, influencing market sentiment.

    • Strategy's BTC holdings cost $33.1B at an average of $66,360 per BTC.

    • The firm remains the largest corporate holder of Bitcoin.

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Bitcoin’s $70K Floor? Key Trends This Week

Bitcoin traders watch for a $70K support floor as liquidity builds. With the Fed’s rate decision approaching and bullish historical patterns emerging, key price targets range from $69K to $126K.

  • Main Points:

    • Bitcoin holds above $80K, with traders eyeing $87K liquidity.

    • Fed's interest rate decision this week could impact BTC sentiment.

    • On-chain data shows new investors shifting to accumulation.

    • Historical trends suggest Bitcoin could hit $126K by June.

    • Market psychology ties $69K to fear and $100K to extreme greed.

  • Detailed Insights:

    • Traders expect BTC to retest $78K before an upside breakout.

    • The Fed may keep rates steady, but liquidity signals favor crypto.

    • Short-term holders who bought in 2025 are selling at a loss.

    • April and October are historically Bitcoin’s strongest months.

    • Social media data suggests BTC reverses against crowd sentiment.

₿itcoin reached $83,344. +0.34%

♢Ethereum reached $1,914.  +1.18%

Bitcoin’s Bullish Cross Signals $120K Target

A key momentum indicator flashes bullish as hedge funds accumulate Bitcoin. Historical patterns suggest BTC could surge to $120K by July or August.

  • Main Points:

    • Bitcoin’s stochastic RSI crosses bullish, historically signaling 50%+ gains.

    • If the pattern holds, BTC could hit $120K within five months.

    • The 50-week EMA at $77K acts as a key support level.

    • Hedge funds are increasing Bitcoin exposure, indicating institutional confidence.

    • BTC breaking below the 50-week EMA could lead to a deeper pullback.

  • Detailed Insights:

    • The stochastic RSI cross has preceded major Bitcoin rallies since 2022.

    • Past instances show BTC gains of 56% on average within months.

    • The 50-week EMA has been a strong accumulation zone since late 2023.

    • A decisive break below could see BTC drop toward the 200-week EMA at $50K.

    • Hedge funds’ beta to BTC is at a 4-month high, showing strong buy interest.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results