{"id":55963,"date":"2026-04-07T04:04:27","date_gmt":"2026-04-07T04:04:27","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=55963"},"modified":"2026-04-07T04:04:28","modified_gmt":"2026-04-07T04:04:28","slug":"bitcoin-may-hit-110k-as-strategy-absorbs-nearly-3x-new-btc-supply","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=55963","title":{"rendered":"Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply"},"content":{"rendered":"<p>Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period.<\/p>\n<p>Bitcoin (BTC) is trading within a bear flag pattern that projects a breakdown toward the sub-$50,000 area, or roughly 30% below current levels. However, Michael Saylor\u2019s Strategy could spoil the bears\u2019 plans.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d63eb-d6b1-7ed5-b2ec-5f827c9453e1.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD three-day price chart. Source: <\/em><em>TradingView<\/em><\/figcaption><\/figure>\n<p><strong>Key takeaways<\/strong>:<\/p>\n<ul>\n<li>\n<p>Bitcoin has avoided a bear flag breakdown for weeks as Strategy keeps buying BTC.<\/p>\n<\/li>\n<li>\n<p>The setup now resembles Bitcoin\u2019s 2018 bottom, when a bearish pattern failed and triggered a reversal.<\/p>\n<\/li>\n<\/ul>\n<h2>Can Strategy\u2019s BTC buying offset weak technicals?<\/h2>\n<p>Normally, a bear flag remains a bearish continuation pattern because there is not enough demand to overcome the broader downtrend.<\/p>\n<p>In Bitcoin\u2019s case, however, Strategy has been taking supply off the market faster than miners can replace it.<\/p>\n<p>Since March 2, Strategy\u2019s Bitcoin holdings have risen by 46,233 BTC, while miners have produced only about 16,200 BTC over the same period, meaning it has absorbed nearly thrice the new supply.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d63e2-b0cf-76ab-8804-7a1bcdf37a02.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>Strategy\u2019s BTC holdings chart. Source: <\/em><em>BitcoinQuant.CO<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-ad\">\u00a0<\/div>\n<p>Much of that demand has come through STRC, Strategy\u2019s variable-rate preferred stock. When STRC held near or above its $100 par value, Strategy kept issuing shares and accumulating BTC.<\/p>\n<p>For instance, last week, Strategy raised $102.6 million through STRC sales to help fund a Bitcoin purchase worth over $330 million. BTC\u2019s price has jumped by over 6.65% ever since.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d63df-8e72-702e-98b8-5883643efa48.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>STRC at-the-market sales analysis. Source: BitcoinQuant.CO<\/em><\/figcaption><\/figure>\n<p>During March 9\u201313, STRC sales raised about $776 million, enough to buy over 11,000 BTC, while Bitcoin rose more than 7% even as the S&amp;P 500 fell 1.6%. The same period saw BTC\u2019s price rising over 10.5%.<\/p>\n<p>But when STRC slipped below par in mid-March, issuance slowed. Earlier below-par episodes had coincided with 25%\u201340% BTC pullbacks, including a nearly 40% drop over three weeks after a January pause.<\/p>\n<div data-ct-widget=\"inline-parallax-ad\">\u00a0<\/div>\n<p>Bitcoin\u2019s long-term holders and whales drove much of the selling.<\/p>\n<h2>Bear flag failure could set stage for rally to $110,000<\/h2>\n<p>Bitcoin remains inside a bear flag after a sharp decline, but the pattern would begin to fail if price breaks above the upper trendline near the mid-$70,000 area.<\/p>\n<p>That breakout would invalidate the immediate bearish continuation setup and shift focus to the bullish measured-move target near $108,000-$110,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d63fd-0d65-7422-bfa1-7674c0e078b3.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD weekly price chart. TradingView<\/em><\/figcaption><\/figure>\n<p>A similar pattern failure occurred near Bitcoin\u2019s 2018 bottom, when a rising wedge pattern led to a breakout instead of a breakdown.<\/p>\n<p>Another factor supporting the upside case is Bitcoin\u2019s position near its 200-week simple moving average (200-week SMA, the blue wave). In 2018, Bitcoin bottomed out near this level and rose by over 1,975% afterward.<\/p>\n<p>As of 2026, the 200-week SMA has capped Bitcoin\u2019s downside attempts successfully, raising the odds of a 2018-like bottom formation.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Strategy\u2019s STRC stock trading surge: How much Bitcoin can Saylor buy?<\/strong><\/em><\/p>\n<p>Some analysts anticipate BTC to rise to $400,000 if Strategy continues buying BTC at its current rate.<\/p>\n<p>This article is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. 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Bitcoin (BTC) is trading within a bear flag pattern &hellip; <a title=\"Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=55963\"><span class=\"screen-reader-text\">Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":55965,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,10,159,97],"class_list":["post-55963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=55963\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period. 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