Key Notes
- Strategy acquired 130 BTC at an average price of $82,981 per BTC last week.
- The purchase was completed via the sale of 123,000 shares of its preferred stock (STRK).
- The acquisition comes ahead of the Fed’s FOMC meeting–the final one before May 2025.
Strategy (formerly MicroStrategy) has once again bolstered its Bitcoin BTC $83 080 24h volatility: 1.0% Market cap: $1.65 T Vol. 24h: $23.90 B stash, adding 130 coins to its already massive holdings. This is the company’s smallest purchase since it started its BTC buying streak.
The acquisition, funded through the sale of 123,000 shares of its preferred stock (STRK), cost approximately $10.7 million, translating to an average purchase price of $82,981 per BTC, as per a Monday morning filing .
Now, the company’s total holdings amount to a whopping 499,226 BTC, acquired for $33.1 billion at an average cost of $66,360 per token. The company is at 20% profit despite Bitcoin’s recent price drop.
Strategy’s latest buy comes just ahead of the Federal Reserve’s highly anticipated Federal Open Market Committee (FOMC) meeting, the final one until May 2025.
FOMC Meeting and BTC
Scheduled for March 19, the upcoming FOMC meeting is considered by analysts to be one of the most critical economic events of the year for financial markets.
According to Polymarket, the probability of the Federal Reserve ending Quantitative Tightening (QT) before May has surged to 100%, reflecting a dramatic shift in market expectations over the past few days.
🚨FED TO END QT BEFORE MAY?
According to Polymarket, the probability of the Federal Reserve ending Quantitative Tightening (QT) before May has surged to 100% 📈— a massive 50% jump in recent days!
With over $407K in volume, the market is signaling certainty that the Fed will… pic.twitter.com/GNrWRQS2TH
— Giannis Andreou (@gandreou007) March 17, 2025
Prominent analysts Michael and Esther outlined that President Donald Trump has proposed refinancing the US debt at lower interest rates–a move that could necessitate an economic slowdown or recession.
The most important day of 2025 is on March 19. JPOW will keep US interest rates unchanged at 4.25%-4.50%
But, what he says and how he says it will DETERMINE the course of history.
Here’s 5 critical things you need to know about this week SPY and FOMC:
1. Take a look at my SPY… pic.twitter.com/tmSmfI0Y5Y
— Michael & Esther (@SuperLuckeee) March 16, 2025
However, lower inflation would aid in achieving this goal, potentially leading to trillions in savings.
Plus, Bank of Japan’s interest rate decision is scheduled for March 18 which could also impact Bitcoin. If the BoJ raises rates, global markets, including the S&P 500 could see significant downside.
The inflation indicators, such as the Consumer Price Index (CPI) and Producer Price Index (PPI), have shown steady declines. This trend strengthens the case for a Fed rate cut in June or July.
Bitcoin Price Analysis
According to crypto analyst Ali Martinez, Bitcoin is currently consolidating within a triangle pattern, signaling an imminent breakout.
#Bitcoin $BTC coiled tight! Trapped in a triangle, prepping for a 9% price move. pic.twitter.com/b65y61ojsh
— Ali (@ali_charts) March 17, 2025
The price is “coiled tight,” preparing for a significant 9% move. Based on the pattern, a breakout to the upside could see Bitcoin targeting approximately $90,000, while a downside move could push it toward the $76,000 range.
Bitcoin currently trades at $83,321.34, up around 1% in the past 24 hours. Meanwhile, BTC critic Peter Schiff predicted BTC dropping to the $20,000 price level in the coming days if Nasdaq crashes.
As you can see in the daily chart below, the Moving Average Convergence Divergence (MACD) indicator shows a slight bullish divergence, suggesting that upward momentum is building.
Using Fibonacci retracement levels, the key price support levels stand at $80,797 (0.236 Fib) and $76,600 (cycle low) while the crucial resistance levels stand at $91,152 (0.618 Fib), $106,617 (1.618 Fib), and $125,169 (2.618 Fib)
If Bitcoin successfully clears the $91,152 resistance, a move toward the $106,617 Fibonacci extension level becomes more likely, with further bullish momentum potentially pushing BTC beyond $125,000.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
