Bitcoin's Bear Flag Persists Amid Strategy's Aggressive Accumulation

Strategy has significantly increased its Bitcoin holdings, acquiring 46,233 BTC since March 2. According to NS3.AI, this accumulation contrasts with the production of approximately 16,200 BTC by miners during the same period, keeping Bitcoin within a bear flag pattern rather than confirming a breakdown. The company raised $102.6 million through STRC sales last week, contributing to a Bitcoin purchase exceeding $330 million. Analysts suggest that a breakout above the upper trendline, near the mid-$70,000 range, could invalidate the bearish setup and shift attention to a potential target between $108,000 and $110,000.