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Crypto

Saylor's Bitcoin Bet Turns Profitable Again Amid BTC Surge

Guavy AI Editorial Team
Instruments
BTC
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MicroStrategy CEO Michael Saylor's Bitcoin accumulation strategy has turned profitable again after BTC surged to $79,049.06.

The price action on the 4-hour chart shows that Bitcoin is testing its upper Bollinger Bands resistance at $78,801.28, and the Relative Strength Index (RSI) has reached overbought territory with a reading of 73.32.

Meanwhile, the Moving Average Convergence Divergence (MACD) has registered a death cross at $1,855.37.

Support levels indicate that Bitcoin may experience a measured retracement towards its 200-EMA, currently sitting at $67,082.38, before any further price appreciation.

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