According to Cointelegraph, the Strategy financing tool STRC has traded below its $100 face value since April 15, potentially undermining its ability to continue raising capital through share issuance to purchase Bitcoin, putting Bitcoin at risk of falling below $70,000. Strategy previously disclosed that approximately 86% of the funding for its latest purchase of 34,164 Bitcoin came from STRC financing. The report also noted that historically, during periods when Strategy paused its purchases, Bitcoin experienced an average decline of about 30%. Technically, if the lower boundary of the flag pattern is broken, Bitcoin could decline to the $67,000–$69,000 range; however, if it holds above the 20-day and 50-day EMA, the price may still rebound and test the $78,000 resistance level.
STRC Drops Below $100; Bitcoin May Face Correction Risk
TechFlowShare
Summary
Bitcoin analysis shows that STRC has traded below $100 since April 15, potentially impacting Bitcoin-related news surrounding Strategy’s funding for Bitcoin purchases. Strategy’s most recent purchase of 34,164 Bitcoin was financed 86% with STRC. Historical data suggests Bitcoin could decline by 30% during buying pauses. If the flag pattern breaks downward, Bitcoin could fall to $67,000–$69,000. A rebound to $78,000 is possible if price holds above key EMAs.
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