#MarketRebound MicroStrategy Proposes Significantly Increasing Number of Shares to Buy More Bitcoin
The company is seeking shareholder approval to raise its Class A common shares from 330 million to 10.33 billion and its preferred shares from 5 million to 1.005 billion
MicroStrategy’s commitment to Bitcoin began in 2020 when co-founder Michael Saylor declared the cryptocurrency as the company’s primary treasury asset.
Earlier this week, Saylor announced the acquisition of 5,262 additional Bitcoin for $561 million, bringing the company’s total holdings to 444,262 BTC, valued at over $41.6 billion.
Despite its growing Bitcoin portfolio, MicroStrategy’s stock fell 8.78% on Monday, closing at $332.23.
The stock has lost 17.6% in the past month but has seen a remarkable 450% growth over the past year. Meanwhile, Bitcoin’s price dipped 1.6% in the last 24 hours to $93,932.
EXPLAINED: What are ETF fund flows, and why do they matter?
ETF flows refer to the net inflows and outflows of an ETF.
Flows are not necessarily representative of how an ETF is performing — they’re instead indicators of investor sentiment.
When examining flows, think of them as investors “voting” with their wallets who buy and sell ETF shares for reasons they find important. #ChristmasMarketAnalysis
$BTC Bitcoin price reached a new all-time high of $108,353 on Tuesday and declined 7.8% in the next two days, closing below the $100K support level. At the time of writing on Friday, it hovers around $97,500.
If BTC continues its correction, it could extend the decline to retest the $90,000 support level.
The Relative Strength Index (RSI) on the daily chart reads 49 below its neutral level of 50 and points downwards, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) indicator also showed a bearish crossover on Wednesday, suggesting a downward trend.
However, If BTC recovers and closes above $100,000, it could extend the rally to retest its all-time high (ATH) of $108,353.
$ETH Ethereum bears gain momentum Ethereum price faced rejection around the $4,000 level on Monday and declined 14% over the next three days, closing below the $3,522 weekly level. At the time of writing on Friday, it trades at around $3,450.
If the $3,522 level holds as resistance and ETH closes below $3,335, it would extend the pullback to retest its next daily support at $3,029.
The RSI on the daily chart reads 42 below its neutral level of 50 and points downwards, indicating strong bearish momentum.
If ETH breaks and closes above the $3,522 level, it could extend the recovery to retest its $4,000 level.
$XRP Ripple bulls show signs of exhaustion Ripple price faced rejection around the $2.66 level on Tuesday and declined 12.78% in the next two days. At the time of writing on Friday, it bounces off the $2.21 daily support level and trades around $2.33.
If XRP closes below the $2.21 support level, it could extend the decline to retest its next support level at $1.96.
The RSI on the daily chart reads 57 after rejecting the overbought level of 70 on Tuesday, suggesting signs of weakness in bullish momentum. If the RSI slips below the neutral level of 50, it could signal a sharp decline in Ripple price.
$HBAR Hedera Price Prediction 2025 In 2025, Hedera price is anticipated to surge within the range of $1.5 to $2.1, marking a significant uptrend from previous levels. Technical indicators suggest bullish momentum supported by increasing trading volumes and positive market sentiment. Traders could capitalize on potential breakout opportunities above key resistance levels, strategically positioning themselves for profit-taking. External factors, such as market developments and adoption trends, may further bolster Hedera price trajectory, driving it towards higher levels. Traders should remain vigilant for any signs of market volatility and adjust their strategies accordingly to maximize returns.
$HBAR Hedera Price Prediction December 2024 After rebounding from the November lows and reversing the prolonged downward trend, the HBAR price has printed massive bullish candles since the start of the month. After reaching the yearly highs at $0.39, the price faces some sell-offs which have dragged the levels slightly lower. However, the bulls continue to have a major dominance over the rally that may help the price maintain a healthy ascending trend until the end of the year. Meanwhile, the bears may try hard to intervene but the rising optimism over the crypto space is expected to revive a rebound and close the yearly trade between $0.45 and $0.48.
$HBAR Hedera (HBAR) Eyes $14 Billion Market Cap Comeback After Brief Decline
Hedera (HBAR) market cap sits at $10.11 billion after peaking at $14.20 billion as the price eyes potential recovery.
HBAR’s social dominance suggests rising interest, possibly fueling bullish sentiment and supporting the increase.
A bull flag hints at a potential rise to $0.45. Increased selling pressure could invalidate this, pushing HBAR to $0.17.
If this bullish prediction holds, HBAR could recover some of its recent losses and potentially climb to much higher levels, reigniting investor confidence in the altcoin’s long-term prospects.
$BNB Expert Project $1,000 Target for BNB After Setting ATH Record🔥🔥
The BNB coin is having a bullish run so far in Q4, given that the token started the quarter at $567 and is now trading above $680. Notably, a recent bullish momentum propelled BNB to set a new all-time price high at $793 on 4th December.
Meanwhile, BNB's price has since undergone a correction phase to see its price fall below the $700 mark. Despite the retracement, experts are confident that the token will reach $1,000 soon. A recent tweet from crypto analyst Rose Premium Signals acknowledged the retest of BNB while hoping that it will bounce back and target the $850, $1,000, and $1,400 marks.
Dogecoin Questionable form The current price movement of Dogecoin presents a troubling image for its bullish aspirations. DOGE has seen a significant correction from its recent highs and it is currently trading at about $0.32, which has dashed expectations for a rally toward the elusive $1 target. The asset is currently dealing with significant technical issues that could determine its course in the near future.
The 50 EMA is serving as a brittle support at $0.28, and the price chart shows that DOGE is having difficulty maintaining momentum above important levels. Further losses might be possible if this level is broken, which might push DOGE in the direction of the next support level at $0.22. This area, which corresponds to the 100 EMA, offers the asset a substantial buffer against escalating bearish pressure. #ChristmasMarketAnalysis Stay Bullish 🔥
At this crucial point, XRP is testing the 26 EMA, a key support level that could dictate the asset's short-term course. After weeks of erratic price action, XRP is now at a critical juncture trading close to $2.28. A base for future rallies, the 26 EMA has historically served as a dynamic support level during XRP's bullish trends.
Its function in the present market environment is identical as XRP exhibits stabilizing characteristics following a significant decline. Because it symbolizes the equilibrium between short-term market sentiment and long-term momentum, this level is especially significant. With XRP possibly aiming to retest the recent highs near $2.60, a bounce from the 26 EMA could pave the way for a recovery.