TechFlow news, April 21: According to Cointelegraph, the Strategy financing instrument STRC has traded below its $100 par value since April 15, potentially undermining its ability to continuously raise capital through share issuance to purchase Bitcoin—raising the risk of Bitcoin falling below $70,000. Strategy previously disclosed that approximately 86% of the funding for its most recent Bitcoin purchase of 34,164 BTC came from STRC financing. The report also notes that historically, during periods when Strategy paused Bitcoin purchases, Bitcoin’s average decline was about 30%. Technically, if the lower boundary of the flag pattern is breached, Bitcoin could fall toward the $67,000–$69,000 range; however, if it holds above both the 20-day and 50-day EMAs, price may rebound and test the $78,000 resistance level.
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