Bitcoin is trading below Strategy average cost, and that line has turned into overhead supply. 📉
KWIZERANA reports Strategy average cost basis at 75,456 dollars from its 9 November filing, confirmed by The Block, while CoinGecko puts Bitcoin at 74,483 dollars tonight, about 1,000 dollars under that line, after a low near 72,744 dollars. 📊 When the largest corporate holder is underwater, every bounce toward its cost basis meets sellers who want out at breakeven, and the MSCI decision tonight adds more pressure, because index removal would force passive funds to sell the stock. My reading is that 75,456 dollars is now the most important resistance in the market, because a daily close above it reclaims the line and flips the story, while a close under 73,518 dollars sets a new 11 week low, and Bitcoin is caught between those two numbers tonight.
Does Bitcoin reclaim 75,456 dollars this week, or does it stay underwater? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Strategy
KWIZERANA reports Strategy average cost basis at 75,456 dollars from its 9 November filing, confirmed by The Block, while CoinGecko puts Bitcoin at 74,483 dollars tonight, about 1,000 dollars under that line, after a low near 72,744 dollars. 📊 When the largest corporate holder is underwater, every bounce toward its cost basis meets sellers who want out at breakeven, and the MSCI decision tonight adds more pressure, because index removal would force passive funds to sell the stock. My reading is that 75,456 dollars is now the most important resistance in the market, because a daily close above it reclaims the line and flips the story, while a close under 73,518 dollars sets a new 11 week low, and Bitcoin is caught between those two numbers tonight.
Does Bitcoin reclaim 75,456 dollars this week, or does it stay underwater? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Strategy
