💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Strategy Adds to Bitcoin Treasury, Launches $1.44B Cash Reserve 💼
Strategy has continued its consistent accumulation strategy with the purchase of an additional 130 Bitcoin ($BTC) for approximately $11.7 million. The acquisition was executed at an average price of $89,960 per Bitcoin.
This brings the company's total Bitcoin $BTC holdings to 650,000 BTC, acquired for a total of roughly $48.38 billion at an average price of $74,436 per Bitcoin. In a separate development, the company also announced the launch of a new $1.44 billion USD reserve.
Strategy remains the largest corporate holder of Bitcoin ($BTC), maintaining its position as a publicly-traded business intelligence company on the Nasdaq.
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