$Bitcoin (BTC.CC)$
It is said to be in the stage called TEST according to the Wyckoff re-accumulation rule.

$Strategy (MSTR.US)$
Confirmed Purchase Assessment: MicroStrategy's Bitcoin Strategy and New BTC Yield Metrics for Growth
Analysts at TD Cowen maintained Microstrategy's (-) buy evaluation today and set a price target of $1,880.00.
Lance Vitanza gave a buy evaluation due to a combination of factors that highlight MicroStrategy's continued growth and profitability potential, particularly through the Bitcoin acquisition strategy. The implementation of BTC yield as a key performance indicator is expected to expand the attractiveness of stocks through a more clear grasp of strategy success. Vitanza believes that strong yield compared to the previous year justifies the premium price of microstrategy stocks rather than the direct value of underlying Bitcoin holdings. As a result, through conventional stock investments, bits...

$Bitcoin (BTC.CC)$
Michael Saylor of MicroStrategy praises the magnificent milestone of Bitcoin adoption.
U.Today - As a significant milestone for the cryptocurrency market, Morgan Stanley (NYSE: MS) has become the first major bank to approve Bitcoin for soliciting sales to clients.
This major move by one of the world's largest asset management companies is being celebrated by many in the crypto community, including Michael Saylor, the chairman and co-founder of MicroStrategy.
Morgan Stanley's decision to enable soliciting sales of Bitcoin is an extremely important moment in integrating digital assets into mainstream finance, and Saylor emphasized this significant milestone.
In a tweet, Saylor wrote, "Morgan Stanley has become the first major bank to approve Bitcoin for soliciting sales to clients."
Saylor...

$Bitcoin (BTC.CC)$
How is the movement of Morgan Stanley's ETF fueling the adoption of the "second wave" of bitcoin?
Benjamin Ng'ang'a, August 3, 2024
Morgan Stanley plans to pave the way for the adoption of BTC ETF in their wealth management.
It is only available to clients with an aggressive risk tolerance exceeding 1.5 million dollars.
Wealth management company Morgan Stanley will allow some clients to purchase the U.S. spot Bitcoin ETF (currency exchange fund).
According to CNBC reports, on Friday, the company instructed financial advisors to start offering products from August 7th. The report quotes individuals familiar with the matter as follows.
"About 15,000 of the company's financial advisors can now solicit eligible clients to purchase shares of two listed Bitcoin funds starting Wednesday."
Is the adoption of the second wave of BTC ETFs here?
Currently, morgan stanley's asset management division announced plans to launch a cryptocurrency investment fund targeting wealthy clients with at least $2 million in assets.

$Bitcoin (BTC.CC)$
Is this the right time to bet on bitcoin? There are answers in important indicators!
Lenox Gitonga, August 3, 2024
Despite the market-wide uncertainty on the price front, Bitcoin continues to lead the crypto space.
BlackRock continues to buy more BTC despite weak hands surrendering.
A few days after the depreciation, something like Bitcoin stabilized on the chart, an interesting time for many of the largest cryptocurrencies in the market. At the time of writing, it is trading just above the $64,000 level, decreasing by less than 0.5% in the past 24 hours.
Altcoins in the market are not immune to such stagnation, with ETH, SOL, XRP approaching levels of $3159, $164.59, and $0.5966 respectively at the time of press.
Still, the sentiment in the broader crypto market cautiously...

$Bitcoin (BTC.CC)$
As interest rates fall and global liquidity expands, Bitcoin and cryptocurrencies are said to gain profits, according to 21shares VP.
Kevin Helms
The chief strategy officer of the crypto investment company 21shares explained that the widespread sale of bitcoin following the Federal Reserve's decision not to change interest rates was due to increased geopolitical tensions and escalating conflicts in the Middle East, leading to a temporary flight to safety. He also noted that expected rate cuts in September, November, December could boost global liquidity and benefit risky assets like bitcoin.
The Impact of Interest Rates on Bitcoin and Market Dynamics
Eliézer Ndinga, Vice President of Strategy and Business Development at 21.co, the parent company of 21shares, shared his views on the impact of interest rates and market dynamics on bitcoin. 21shares specializes in crypto exchange-traded products (etc...

$Strategy (MSTR.US)$
It was never a good financial results, but it seems to have no impact on the stock price. The largest publicly traded company with a significant shareholding in BTC is moving forward on its own path.
To untouched lands where no one has set foot
MicroStrategy has also applied to sell up to 2 billion dollars of Class A shares, with the funds obtained planned to be used for new bitcoin purchases, buybacks of its own shares, and debt repayment.

$Bitcoin (BTC.CC)$
Is a sharp rise imminent?
bitcoin(BTC) traders tired of the ranging market might want to return to their computer screens. An indicator called the 'Bollinger Bands', which predicted a sharp rise in the second half of 2023, is once again shining.
Bollinger Bands are derived by placing volatility lines at plus and minus 2 standard deviations from the 20-day simple moving average (SMA) of asset prices. The bands fluctuate depending on the degree of price volatility, with narrowing bands indicating decreased volatility and widening bands indicating explosive volatility.
One of the most common ways to track the Bollinger Band width is to divide the spread between the upper and lower bands by the 20-day SMA of prices.
The Bollinger Band width of bitcoin has decreased to 20% on the weekly chart, which was last seen a few days before breaking out of the range of $25,000 to $32,000 that BTC had been following for several months until late October. The price broke through $40,000 by the end of the year and rose to an all-time high of over $70,000 in March of this year.
BTC weekly chart. Below...

$Bitcoin (BTC.CC)$
It has declined due to geopolitical risks
Cryptocurrency analyst Max noted that there is a “Bollinger Squeeze” on Bitcoin's weekly time frame.
“What does it mean that Bollinger Bands are so tight? It means that big moves are coming soon.” The analyst said, and quoted similar instances in the past from 2016/4 and 2023/8.
The center band of Bitcoin's weekly timeframe has only been tightened twice so far... it was April 2016 and August 2023!
What do you mean When the Bollinger Bands tighten like this, a big move immediately takes place.
The $BTC bull market began in April 2016, and August was... pic.Twitter.com/ knfr0l10qL
— Max (@MaxBecauseBTC) August 1, 2024
Another trader, Micro2Macr0, said, “We anticipated King Crypto's fall in the $61,000-$62,500 range...

Thailand will start accepting registration for digital asset distribution from August 1st as part of the digital wallet policy (new economy) - Yahoo! news
$Bitcoin (BTC.CC)$
Aiming to build a financial settlement system based on blockchain technology.