Bitcoin experienced a notable rebound on February 19, 2025, climbing 1.8% to reach $95,809, effectively ending a three-day losing streak.
This resurgence is largely attributed to Strategy’s (formerly MicroStrategy) announcement of plans to raise $2 billion through convertible notes to acquire additional Bitcoin. The company currently holds approximately 478,740 Bitcoins, purchased at an average price of $65,033 per coin.
Despite this positive movement, some analysts advise caution. Technical indicators suggest that Bitcoin faces a pivotal point, with potential resistance around the $97,000 to $98,500 range.
Additionally, recent trading volumes have increased by over 21%, indicating sustained investor interest.
In the broader market, major stock indexes experienced slight gains. The Dow Jones Industrial Average rose by 0.1%, and the S&P 500 reached a new record high with a 0.3% increase. The Nasdaq Composite also edged up by 0.1%.
As of the latest data, Bitcoin is trading at $96,809, reflecting a 1.36% increase from the previous close. Strategy’s stock (MSTR) is currently priced at $318.67, marking a 4.53% decrease from the previous close.
Investors are closely monitoring these developments, especially Strategy’s significant investment plans, as they could influence Bitcoin’s trajectory in the near term.