Bitcoin Bulls Target $100K as Strategy’s STRC Enables More BTC Buying This Week
Cointelegraph
Strategy may purchase over 3,000 BTC this week as STRC stock recovers, potentially driving Bitcoin toward $100,000.Summary
Strategy's preferred stock, STRC, has reclaimed its $100 par value, enabling the company to aggressively raise capital to purchase Bitcoin. Estimates suggest the company could acquire at least 3,127 BTC this week through STRC share sales, a volume significantly higher than the newly mined supply.
Additionally, falling dominance of stablecoins like USDT and USDC suggests liquidity is rotating back into Bitcoin. Historical data indicates that significant drops in stablecoin dominance often precede massive Bitcoin rallies. While analysts suggest a $100,000 target for Q2 is likely, Bitcoin faces resistance near the $82,000 level, which could lead to a potential correction if not broken.
(Source：Cointelegraph)