MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per #bitcoin. As of 12/9/21 we #hodl ~122,478 bitcoins acquired for ~$3.66 billion at an average price of ~$29,861 per bitcoin. $MSTR
https://t.co/Xke8QhoYpy
Many reasons to remain #bullish on #BTC:
- #BTC Miner Reserves made a 12 month high
- #BTC All Exchange Reserves continuing fall to multi year lows
- Mean Coin Age making new ATHs (older coins continue to age)
- Closing higher lows being made
Bullish on #Bitcoin
Just a reminder.
#Bitcoin is acting around $58-60K.
Last year, price was hovering around $10-15K.
That's not a bear market.
A correction of 20-40% is standard to take place, happened multiple times in the previous cycle too.
Those dips are great opportunities.