According to Cointelegraph, the Strategy financing tool STRC fell below its $100 face value starting April 15, which may weaken its ability to continuously raise funds through share issuance to buy Bitcoin, thereby impacting market buying support. Strategy previously disclosed that approximately 86% of the funds used to purchase its latest 34,164 Bitcoins came from STRC financing. Historically, during periods when Strategy paused buying, Bitcoin prices experienced significant pullbacks. On the technical side, if the current flag pattern's lower boundary is broken, Bitcoin could fall back to the $67k to $69k range; if it remains above the 20-day and 50-day EMA, a rebound and testing of the $78k resistance level may still be possible.

BTC-0.38%
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