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BTC has broken above the 120-day moving average, and the fee rate has turned from negative to positive, with more people going long.
Usually, this W-shaped bottom is almost always a bottom pattern in a bear market, followed by a dip back down.
If it hasn't broken below yet, around 77,000 USD, then it's basically confirmed that an upward trend is coming.
MicroStrategy has been aggressively buying BTC recently, purchasing $2.5 billion last week.
Currently, its total Bitcoin holdings have surpassed BlackRock, making it the largest Bitcoin holder, and they plan to keep buying.
This is truly a direct battle with Wall Street and the U.S. government!