Cineverse's 15min chart sees MACD and KDJ Death Crosses.
ByAinvest
Tuesday, Jul 22, 2025 1:05 pm ET1min read
BLK--
Michael Saylor, the executive chairman of MicroStrategy, hinted at another Bitcoin purchase as the value of the company’s holdings crossed $71 billion. This follows Strategy’s latest acquisition of 4,225 BTC on July 14 for $472.5 million, which increased the company’s total holdings to 601,550 BTC, valued at $71.4 billion at current prices [1]. The company’s stock has surged over 21% as the crypto market rallies, with BTC hitting record levels.
Spot Bitcoin ETFs have also shown strong inflows, with $363 million in inflows on Friday, extending their inflow streak to 12 days [1]. This is driven by growing investor interest, with BlackRock’s IBIT leading the inflows with $496 million, while Fidelity’s FBTC and Grayscale’s GBTC saw outflows. Overall, Bitcoin ETFs have attracted around $6.6 billion in net inflows over the 12 days [1].
Charles Schwab is planning to offer spot trading for Bitcoin and Ethereum, aiming to compete with crypto exchanges like Coinbase. CEO Rick Wurster noted that the introduction of spot crypto trading will allow Schwab’s clients to manage their crypto assets within their existing portfolio, indicating a shift in the industry towards more integrated services [1].
Bitcoin’s price action has been relatively muted, trading in a range between $116,000 and $120,000 since setting a new all-time high on Monday. Analysts believe BTC is gearing up for a big move, which could see it test the $123,000 level and return to price discovery [1]. A breakout above $123,000 could take BTC past $125,000, but a slip below $117,000-$118,000 could see a drop to $110,000 or lower [1].
Overall, Bitcoin’s price consolidation and continued institutional support suggest a stable market environment, despite the potential for further price decreases. Investors should remain cautious and monitor the market closely for any signs of significant price movements.
References:
[1] https://bitzo.com/2025/07/bitcoin-price-analysis-btc-continues-to-consolidate-falls-short-of-120000-yet-again
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According to Cineverse's 15-minute chart, a MACD Death Cross and KDJ Death Cross occurred at 13:00 on July 22, 2025. This indicates that the stock price has the potential to continue declining and the momentum of the stock price is shifting towards a downtrend, with a potential for further decreases.
Bitcoin (BTC) has shown signs of consolidation and continued institutional support, despite failing to break through the $120,000 mark. The flagship cryptocurrency started the week on a positive note, trading around $118,295 after a sluggish weekend that saw sellers push the price down to a low of $116,208 before closing Sunday at $117,240 [1].Michael Saylor, the executive chairman of MicroStrategy, hinted at another Bitcoin purchase as the value of the company’s holdings crossed $71 billion. This follows Strategy’s latest acquisition of 4,225 BTC on July 14 for $472.5 million, which increased the company’s total holdings to 601,550 BTC, valued at $71.4 billion at current prices [1]. The company’s stock has surged over 21% as the crypto market rallies, with BTC hitting record levels.
Spot Bitcoin ETFs have also shown strong inflows, with $363 million in inflows on Friday, extending their inflow streak to 12 days [1]. This is driven by growing investor interest, with BlackRock’s IBIT leading the inflows with $496 million, while Fidelity’s FBTC and Grayscale’s GBTC saw outflows. Overall, Bitcoin ETFs have attracted around $6.6 billion in net inflows over the 12 days [1].
Charles Schwab is planning to offer spot trading for Bitcoin and Ethereum, aiming to compete with crypto exchanges like Coinbase. CEO Rick Wurster noted that the introduction of spot crypto trading will allow Schwab’s clients to manage their crypto assets within their existing portfolio, indicating a shift in the industry towards more integrated services [1].
Bitcoin’s price action has been relatively muted, trading in a range between $116,000 and $120,000 since setting a new all-time high on Monday. Analysts believe BTC is gearing up for a big move, which could see it test the $123,000 level and return to price discovery [1]. A breakout above $123,000 could take BTC past $125,000, but a slip below $117,000-$118,000 could see a drop to $110,000 or lower [1].
Overall, Bitcoin’s price consolidation and continued institutional support suggest a stable market environment, despite the potential for further price decreases. Investors should remain cautious and monitor the market closely for any signs of significant price movements.
References:
[1] https://bitzo.com/2025/07/bitcoin-price-analysis-btc-continues-to-consolidate-falls-short-of-120000-yet-again
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