Bitcoin rose to around $75,800 after Strategy's $2.54 billion purchase, but indicators suggest the rally may not last. The cryptocurrency risks falling below the $70K mark as market conditions change.
Key points
Bitcoin rose 2.66% to around $75,800
Strategy disclosed a $2.54 billion purchase
The purchase is equivalent to about 2.5 months of new BTC supply
Bitcoin (BTC) rose 2.66% to around $75,800 on Monday after Strategy disclosed a $2.54 billion purchase, the company’s third biggest ever, and equivalent to about 2.5 months of new BTC supply.
However, several indicators suggest the rally may fizzle out.
Poor macro conditions can spark BTC price pullback if Strategy’s buying slows.
Bitcoin’s technical setup hints at a potential dip toward $67,000–$69,000.
Strategy may halt BTC purchases this week
Strategy funded most of its latest 34,164 BTC purchase through its preferred stock, Stretch (STRC), which generated over $2.17 billion through at-the-market share sales between April 13 and April 19.
That accounted for roughly 86% of the total amount spent, while sales of its Class A common stock, MSTR, added another $366 million.
STRC lets Strategy raise cash for Bitcoin when it trades at or above $100. Stronger prices mean easier fundraising and more BTC buying. In 2026, STRC enabled the purchases of 77,000 BTC, ten times more than all the ETFs combined, per River data.
Q&A
What is the current price of Bitcoin after Strategy's purchase?
Bitcoin is currently priced at approximately $75,800 following Strategy's $2.54 billion purchase.
What are the implications of Bitcoin dropping below $70,000?
If Bitcoin drops below $70,000, it may indicate a weakening market trend and could lead to further declines in price.
How much Bitcoin did Strategy purchase recently?
Strategy recently purchased 34,164 Bitcoin, which is equivalent to about 2.5 months of new BTC supply.
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Bitcoin Analysis, Markets, Tech Analysis, Market Analysis, MicroStrategy, Michael Saylor
Bitcoin ownership YTD change. Source: River
But STRC has been trading below its $100 par value since April 15, which may limit Strategy’s ability to keep raising cash to purchase more Bitcoin this week.
The halt appears alongside weakening risk sentiment, with US stock indexes falling amid doubts over the US–Iran peace deal.
Nasdaq, S&P 500, and Dow Jones daily performance charts. Source: TradingView
US President Donald Trump said it was “highly unlikely” he would extend the two-week truce if no agreement is reached before it expires on Wednesday.
Any signs of an extended Middle East conflict may weigh on BTC’s prices.
BTC flag pullback hints at $67,000–$69,000
Bitcoin’s current chart structure shows classic flag consolidation, with price now drifting toward the pattern’s lower boundary. This setup raises the risk of a pullback toward the $67,000–$69,000 region in April, if support gives way.
BTC/USD daily chart. Source: TradingView
At the same time, downside may remain limited as the 20-day (green) and 50-day (red) EMAs continue to act as dynamic support levels. Holding above these averages would signal underlying demand, increasing the chances of a rebound.
