Strategy paused additional BTC purchases while increasing cash reserves, a move that has reignited speculation about Bitcoin’s near-term direction. The cash-raising action increased Strategy’s liquidity to about $2.19 billion, while maintaining its Bitcoin holding of 671,268 BTC. Bitcoin price remains range-bound, with resistance around $90,000-$92,000 and support near $85,000, according to the latest technical readings. Analysts caution that the pause reflects timing and balance-sheet flexibility rather than a change in conviction, suggesting the decision could keep upside potential intact while markets reassess risk.
The firm retained its entire BTC stake of 671,268 BTC after net proceeds of about $747.8 million from selling 4.54 million Class A shares. The move underscores cash-management flexibility rather than a shift in conviction.
Bitcoin price remains range-bound with support near $85,000 and resistance around $90,000 to $92,000. At press time, BTC traded around $89,260, leaving price above support and below resistance. The DMI signals undermine the bearish case, with the +DI crossing above the -DI and ADX near 14 indicating a weaker trend.
The long-term outlook remains constructive above current support, and the next move is expected to hinge on structural confirmation rather than speculation. Overall, upside potential remains intact as markets reassess risk.
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