Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply

Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period..

• Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period
• Cointelegraph in your social feed Bitcoin (BTC) is trading within a bear flag pattern that projects a breakdown toward the sub-$50,000 area, or roughly 30% below current levels
• However, Michael Saylor’s Strategy could spoil the bears’ plans