Bitcoin has ripped past $77,000, putting pressure on resistance levels and sending shares of Strategy (MSTR) sharply higher.
BTC was trading around $77,986 — its strongest showing since the sharp selloff on Feb. 5 that briefly pushed prices toward $60,000. The coin has rallied more than 25% since bottoming in early February and now sits above its 100-day moving average (100DMA) of $74,774 — a level that had produced two rejections in previous recovery attempts.
That upside has immediate implications for Strategy, the largest publicly traded holder of bitcoin. With an average purchase price of $75,577, the company’s bitcoin reserve is now back in the black; MSTR stock jumped roughly 8% on the move and is trading above its 200-week moving average — a long-term trend indicator that smooths price action over roughly four years.
Technically, the current advance is notable: bitcoin’s prior recovery attempts stalled around $76,700 on Feb. 4 and $76,013 on March 17, making the recent push above about $76,300 and into the $77k area a more convincing breakout.
For traders and investors, the twin confirmations — BTC reclaiming key moving averages and MSTR turning a paper profit on its holdings — will be watched closely for signs of sustained momentum or a fresh pullback.
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