BTC USD Price Finally Moving Up: Saylor Strategy Bought More Before The Rally
BTC USD price is moving again, at $69,000, it is up by 4% in just a day, bouncing hard off the long-term trendline that has defined every major cycle low since 2017. The post BTC USD Price Finally Moving Up: Saylor Strategy Bought More Before The Rally appeared first on Cryptonews .
The BTC USD price has finally begun to move upwards, reaching $69,000 and rising by 4% in just a day. This surge follows a bounce off a long-term trendline that has defined every major cycle low since 2017. The recent rally comes as a relief for Bitcoin investors who have been watching the cryptocurrency struggle to break through resistance levels.
Before this movement, Michael Saylor's Strategy firm revealed that it had been actively accumulating Bitcoin, buying more just before the price began to rise. Strategy acquired 4,871 BTC for approximately $329.9 million at an average price of $67,718 per coin between late March and early April. This latest purchase brings the firm's total holdings to 766,970 BTC, which were acquired for a total of $58.02 billion at an average price of $75,644 per coin as of April 5, 2026.
The funding for this acquisition came primarily from the sale of $227.3 million in STRC preferred stock, supplemented by $72 million in common stock proceeds. Despite the current Bitcoin price sitting roughly 8% below the average cost of Strategy's holdings, resulting in approximately $5 billion in unrealized losses, the firm continued to buy without hesitation. This strong conviction, especially at a trendline support test, adds weight to the narrative that Bitcoin is poised for a significant rebound.
The broader context of this accumulation makes it even harder to dismiss. Strategy and spot Bitcoin ETFs have become the two dominant institutional absorption channels in a market that has seen thinner trading volumes. Strategy alone has accumulated roughly 44,000 BTC over the past 30 days through late March, highlighting the firm's unwavering belief in Bitcoin's potential.
As the BTC USD price consolidates just below the $72,000 resistance zone, it has reclaimed the 100-hour simple moving average. Volume confirmation arrived on Monday evening and has since held, which is a structurally positive development. Technical indicators, such as the daily Relative Strength Index (RSI) reading of 53, the MACD (12,26) at 499.5, and the ADX (14) at 37.847, all point to sustained bullish momentum. However, the Stochastic Oscillator is flashing overbought, suggesting that the market may be nearing an overbought condition.
A daily close above $69,500 could open the path for Bitcoin to reach $72,000 and potentially higher levels. The recent rally, combined with the aggressive accumulation by Strategy, provides a glimmer of hope for Bitcoin enthusiasts who have been waiting for a breakthrough in the price action. As the cryptocurrency market continues to evolve, the actions of influential players like Strategy will be closely watched, as they could play a significant role in determining the future trajectory of Bitcoin.
