Strategy: Buys $370M Bitcoin After June Pause

Latest Update
8/31/2026 12:28:00 PM

Strategy: Buys $370M Bitcoin After June Pause

Strategy acquires $370M Bitcoin in first purchase since June as BTC trades at $77922 with bullish EMA structure intact.

Analysis

Strategy purchased $370M of Bitcoin in its first acquisition since June

The move arrives while BTC holds a bullish trend on the 4h chart at $77922.12, sitting above the EMA50 at $77336.31 and well clear of the EMA200 at $70966.42. Price remains inside the Bollinger Bands with upper resistance at $79705.14 and lower support at $76833.47, while RSI at 46.55 shows neutral momentum and MACD registers a bearish death cross at -74.95.

Traders note the confluence of price testing upper Bollinger resistance while RSI stays neutral, suggesting a healthy retracement toward the 50-EMA support at $77336 before continuation higher. This BTC price prediction setup could influence broader crypto market crash narratives if volume fails to follow through.

BitcoinBTCcrypto marketbullish trend

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Source: blockchain.news