Bitcoin price has gained 7% in the last three days, briefly breaching the $97,750 resistance on Thursday. Bitcoin price crossed $97,750 on Thursday, rising 7% since MicroStrategy’s latest $BTC $200 million purchase on Monday December 29. On-chain data shows user activity on the Bitcoin network is still trending 30% below last month's peak, signalling potential for more gains aheadHowever, Bitcoin price trends flipped positive on Monday after MicroStrategy extended its weekly #BTC buying spree with another $209 million purchase.
Since the announcement on December 30, BTC price has rebounded 6.8% to reclaim the $97,800 level at the time of publication on Thursday.
Despite recent volatility that saw MicroStrategy’s MSTR stock price retrace by more than 30% in the last weeks of December 2024, #CEO Michael Saylor doubled down on its company’s audacious target to acquire $42 billion worth of BTC over the next 3 years.
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