Bitcoin is now valued at $93,640, having dipped by 1.41% recently. Key support zones are noted at $92,100 and $90,400, with significant resistance at $95,800 and $98,300. Current market indicators highlight increased selling pressure, yet potential stabilization is anticipated near $92,000, bolstered by chart patterns.
MicroStrategy, led by Michael Saylor, made a profound acquisition of 5,200 BTC, elevating its Bitcoin reserves to 444,262 BTC, valued over $41 billion. The company launches a plan to raise $42 billion to purchase more Bitcoin, demonstrating a robust institutional confidence in its long-term investment strategy.
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