Feb 24, 2026
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BEARISH 📉 : Bitcoin struggles below moving averages amid selling pressure
Bitcoin remains under pressure, trading below $65,000 as selling pressure and macroeconomic uncertainties persist. Despite occasional rebounds, sustained upward momentum has not been achieved.
StrategyB's Bitcoin Accumulation
- StrategyB, formerly MicroStrategy, continues to accumulate Bitcoin, aiming at roughly 5% of its total supply.
- The company, led by CEO Michael Saylor, believes Bitcoin could surpass $1 million in the future.
- Since inception, StrategyB has executed a significant dollar-cost averaging strategy without selling any BTC.
- Investment figures: $1.1 billion (2020), $2.57 billion (2021), $276 million (2022), $1.9 billion (2023), $21.9 billion (2024), $22.4 billion (2025), and $4.1 billion (2026).
- Holding approximately 717,131 BTC, equating to 3.4% of Bitcoin's circulating supply.
Market Implications
- BTC trades below StrategyB’s realized price near $76,000, highlighting potential institutional influence.
- Realized price reflects average acquisition cost, not valuation.
- Market conditions, liquidity, and macroeconomic factors drive price direction.
- Dollar-cost averaging is a common strategy among institutional holders.
Technical Analysis: Structural Weakness
- Bitcoin failed to maintain levels above $90,000–$100,000, now trading around mid-$60,000s.
- Decisive weekly close below 50-week and 100-week moving averages indicates weakness.
- 200-week moving average near mid-$50,000 serves as key support.
- Volume expansion suggests distribution rather than low-liquidity drift.
- For bullish recovery, BTC must reclaim $75,000–$80,000 with strong volume.
Overall, Bitcoin's current technical indicators suggest caution, with potential for further consolidation or downside.