Bitcoin Surpasses $85,000 with ETF Inflows and Strategy Purchases

BTC is showing a strong rally, surpassing $85,000 amid news of ETF inflows and Strategy purchases. The 24-hour change is 6.4%, and the price is above the SMA20 and SMA50, indicating positive short-term momentum. However, the RSI14 is at 85.5, in overbought territory, increasing the risk of a near-term correction or consolidation. The MACD is positive and above the signal line, confirming that the trend is still upward. Although the news flow is positive, it is prudent to be cautious due to overbought conditions; the upward movement may continue within 1-3 days, but profit-taking could occur.

COIN stock has recorded a strong rally of over 21% in the last 24 hours, with its RSI at 75, placing it in overbought territory. Bitcoin's surge above $85,000, driven by Bitcoin ETF inflows and Strategy's purchases, is a positive catalyst for cryptocurrency exchange revenues. However, the RSI being at an overbought level increases the risk of profit-taking in the short term. The MACD is positive and above the signal line, indicating momentum remains strong. In the 1-3 day timeframe, the upward movement is likely to continue, but the possibility of a correction should not be ignored.

MSTR is positively impacted by Bitcoin surpassing $85,000 amid Bitcoin ETF inflows and Strategy's purchases. The stock rose over 30% in 24 hours to reach $166.15, with RSI at 85 indicating overbought territory. Short-term momentum is strong, but overbought conditions increase the risk of profit-taking. MACD is positive and above the signal line, trend is upward. The upward bias may continue for 1-3 days, but the possibility of a correction should not be ignored.

MARA is directly linked to Bitcoin mining, so Bitcoin surpassing $85,000 and ETF inflows are positive catalysts. However, the stock has risen over 18% in the last 24 hours and the RSI is at 79, in overbought territory; this increases the risk of profit-taking in the short term. MACD is positive and the price is above the SMA20/50, indicating a strong trend. A upward opening can be expected due to the news, but a correction may be needed for a sustained rise due to overbought conditions. In the 1-3 day view, I foresee a moderate upward trend.