BTC could top $80K on STRC buying pressure, says analyst

Bitcoin could surpass $80,000 driven by buying pressure from Strategy's preferred stock product, STRC, cryptocurrency analyst Taiki Maeda said on X. He expects STRC to purchase between $2 billion and $3 billion worth of BTC over the next two weeks, with buying to begin this week and accelerate from May 14. Maeda added that many investors have already capitulated and sold at the bottom, leaving no significant selling pressure to drive the price down. BTC briefly surpassed $80,000 around 2:00 a.m. UTC today for the first time in approximately three months.