Bitcoin Price Prediction: BTC Tumbles 1.4% As BlackRock Boosts Stake In Michael Saylor’s Strategy, While This Crypto Wallet ICO Heads For $10M
The Bitcoin price tumbled 1.4% in the last 24 hours to trade at $97,384.34 as of 5:21 a.m. EST as some investors reduce their exposure to the leading crypto. This slight drop in the BTC price came as a filing showed fund management titan BlackRock had increased its stake in Michael Saylor’s Strategy, which rebranded its name from MicroStrategy yesterday, to 5% from 4.09% previously. The purchase further increased the giant fund manager’s exposure to Bitcoin-linked assets. Strategy is the biggest corporate holder of Bitcoin. Bitcoin Price Escapes From A Negative Channel 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price was able to break out of a short-term descending channel in the last 24 hours, and is now oscillating between $95,703.66 and $98,063.55. Should traders identify BTC’s current price as a buy opportunity, the leading crypto might end up flipping the $98,063.55 resistance level into support. Thereafter, it could rise to $101,461.81. ...