Bitcoin (BTC) Exhibiting Bullish Indicators Amid Microstrategy Rebrand…

MicroStrategy Turns into ‘Technique’

On February 5, 2025, MicroStrategy introduced its rebranding to “Technique,” reflecting its intensified give attention to Bitcoin. This strategic transfer underscores its dedication to cryptocurrency, having invested a further $20 billion in Bitcoin in the course of the fourth quarter of 2024, marking its largest quarterly acquisition. 

This brings the corporate’s whole Bitcoin holdings to roughly 471,107 BTC, valued at round $45.65 billion at present market costs. Regardless of reporting a major web lack of $670.eight million for the quarter, Technique raised $584 million by most popular inventory gross sales to fund its Bitcoin purchases. 

The rebranding features a new brand that includes a stylized “B,” symbolizing the corporate’s deepening give attention to Bitcoin as a central element of its company technique.

BTC Value Evaluation

Bitcoin’s every day chart presents a transparent Elliott Wave construction, the place BTC seems to have accomplished Wave three and entered a corrective Wave four part. The correction discovered assist close to $93,260, aligning with the zero.236 Fibonacci retracement stage, and BTC has since rebounded. Nevertheless, resistance close to $105,784 stays an important hurdle for bullish continuation.