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MicroStrategy and Bitcoin's Key Support Levels: What’s Next?

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by Giorgi Kostiuk

7 hours ago

MicroStrategy continues to maintain significant Bitcoin assets while the cryptocurrency market faces important price levels.

MicroStrategy's Bitcoin Holdings

According to SaylorTracker, MicroStrategy currently holds 629,376 BTC, valued at $72.15 billion. This has generated a total profit of 56.32% for the company, equating to nearly $26 billion.

Bitcoin Support Level Analysis

Bitcoin is testing the support level at $114,600. Analyst Ali Martinez noted that this level will determine the next price move. If buyers defend this zone, the price may aim for $117,600; otherwise, a downward movement is possible.

Dormant Bitcoin Movement

Lookonchain data revealed that a dormant wallet shifted 6,000 BTC, valued at $689.5 million, after seven years. The coins were directed towards accumulating Ethereum. Such movements often attract analyst attention due to the size and age of the holdings.

The combination of MicroStrategy's data and current market changes highlights the importance of the $114,600 support level, which warrants careful observation from investors.

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