Bitcoin Price Nears $100K: Charles Schwab’s Crypto Plans & MicroStrategy’s $3B Investment Boost Market

Bitcoin price is approaching the pivotal $100,000 mark, driven by growing institutional activity and market-shifting announcements.

Charles Schwab’s plans to expand into direct cryptocurrency investments and MicroStrategy’s bold $3 billion Bitcoin acquisition strategy underscore the increasing confidence in digital assets.

As regulatory clarity emerges and geopolitical tensions rise, these developments highlight the evolving role of Bitcoin in global markets and institutional portfolios.

Charles Schwab Eyes Direct Crypto Investments

Charles Schwab, a prominent financial services company, intends to provide its customers with direct access to cryptocurrency investments. According to incoming CEO Rick Wurster, the company is awaiting changes to U.S. cryptocurrency rules, which he anticipates will happen soon.

Schwab wants to increase the range of products it offers, but its consumers are already involved in cryptocurrency through ETFs, futures, and funds.

By introducing the Schwab Crypto Thematic Index in 2022 and investing in the cryptocurrency exchange EDX Markets, Schwab has demonstrated its support for the sector. When regulations permit, Wurster underlined Schwab’s goal to be inventive and competitive in the cryptocurrency sector.

Confidence in Bitcoin is increased by this revelation, which could raise its price as more institutional players adopt cryptocurrencies.

MicroStrategy’s $3 Billion Bitcoin Strategy

MicroStrategy has made waves with its ambitious plan to acquire 30,600 Bitcoin by raising $3 billion through 0% convertible senior notes. This initiative is part of its broader “21/21” strategy to secure $42 billion in bonds and equity over three years to expand its Bitcoin holdings.

Currently, MicroStrategy holds $32.7 billion in assets, including 331,200 Bitcoin. Despite the bold move, the company’s stock (MSTR) recently fell 25%, driven by overvaluation concerns raised by Citron Research.

MicroStrategy’s aggressive approach underscores institutional faith in Bitcoin, with many analysts predicting this move could push Bitcoin prices closer to the $100,000 mark as demand intensifies.

U.S. Sanctions Target Russia’s Gazprombank

In a significant geopolitical move, the U.S. has sanctioned Russia’s Gazprombank and its six foreign branches. As the last major Russian bank not previously blacklisted, this action removes the state-owned entity from international financial systems.

The U.S. Treasury accuses Gazprombank of financing Russia’s military activities, including payments to soldiers.

These sanctions aim to disrupt Russia’s war efforts further. However, their potential impact on global energy markets remains a key concern. Investors may turn to Bitcoin as a hedge against uncertainty, given its decentralized and secure nature.

Bitcoin Nears $100K Amid Strong Bullish Momentum

Bitcoin surged to $99,034, approaching the psychological $100,000 mark amid robust bullish momentum. The breakout from a symmetrical triangle pattern confirms continued upward momentum, with immediate resistance at $100,000 and further targets at $101,125 and $102,500. On the downside, immediate support lies at $97,939, followed by $94,853 and $93,405.

The Relative Strength Index (RSI) at 71 indicates overbought conditions, suggesting the possibility of short-term consolidation or profit-taking. However, the 50-day EMA at $91,941 provides strong dynamic support, reinforcing the broader bullish trend.

A sustained move above $100,000 would open the door for higher gains, while a drop below $97,939 could signal a temporary retracement. Traders should watch for volatility near key psychological levels.

Key Insights:

Resistance Levels: Bitcoin faces critical resistance at $100,000; further gains target $101,125. Support Zones: Immediate support is set at $97,939, with dynamic support from the 50-day EMA at $91,941.

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