Strategy's financing tool, STRC, has fallen below its $100 face value since April 15, potentially hindering the company's ability to raise funds through share issuance for Bitcoin purchases. Strategy recently disclosed that approximately 86% of the funds for its latest acquisition of 34,164 Bitcoins came from STRC financing. Historically, Bitcoin prices have seen significant pullbacks during periods when Strategy paused its purchases.
On the technical front, if Bitcoin breaks below the current flag pattern's lower boundary, it may retreat to the $67,000 to $69,000 range. However, if it remains above the 20-day and 50-day EMAs, a rebound to test the $78,000 resistance level is possible.
Strategy's STRC Falls Below $100, Potentially Impacting Bitcoin Purchases
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