Strategy Acquires 6,911 BTC, Total Holdings Reach 506,137 BTC

Bitcoin has surpassed $87,000, maintaining a strong bullish trend. Key developments include:

• Strategy acquired 6,911 BTC for $584.1 million, increasing total holdings to 506,137 BTC.
• This acquisition cost approximately $33.7 billion at an average price of $66,608 per BTC, representing over 2% of Bitcoin's total supply.
• Strategy plans to raise up to $21 billion to expand its Bitcoin treasury strategy.
• MSTR stock rose over 4% in pre-market trading, reflecting a nearly 5% YTD increase.

Network Activity and Fees

• Transaction fees have nearly tripled recently, indicating increased network activity.
• Historically, rising fees correlate with significant price movements.
• Whales are actively accumulating Bitcoin, reducing exchange supply and selling pressure.

Price Analysis

• Currently, Bitcoin trades at $87,704.05, up 3.11% in 24 hours; trading volume increased by 129.64%.
• The Relative Strength Index (RSI) is above 52, suggesting bullish momentum.
• Bollinger Bands indicate resistance at $90,343; a break could signal continued bullish movement.
• A pullback may occur if rejected, targeting levels around $84,565 and $78,788.