Strategy Unloads Another 1,690 BTC Worth $108.6 Million

Strategy, a cryptocurrency player, has made another significant sale of Bitcoin. According to the latest SEC filing, Strategy sold 1,690 BTC worth $108.6 million last week, bringing its six-week total to 6,916 BTC valued at $429.35 million.

This sale is notable because it represents institutional Bitcoin sales of this scale often coincide with periods of crypto market volatility that reshape BTC price prediction models for the coming months.

Bitcoin's current price is $64,953.86, and it's trading within a Bollinger Band with upper resistance at $65,244.41 and lower support at $64,764.45. The EMA50 is at $64,584.13 and EMA200 is at $63,782.6.

The technical indicators suggest that the price may test the 50-EMA support near $64,584 before any continuation higher. This is indicated by a bearish death cross on the MACD(12,26) at 172.67, while the RSI(14) is in neutral territory at 53.26.