Bitcoin Price Eyes Strong $88K Breakout As Strive Adds BTC

Bitcoin price action stays solid above important technical support levels as institutional accumulation keeps drawing market attention. Strive’s most recent purchase of 2,000 BTC offers yet another sign of sustained demand, with Bitcoin trading near the $86,000 mark.

As of press time, Bitcoin is trading at $85,668.01, a 1.00% drop over the last 24 hours. Even with the daily decline, BTC remains well above the $68,430 and $62,979 support levels visible on the daily chart.

Bitcoin Price Remains Above Key Support Levels

According to Lookonchain data, Strive acquired another 2,000 BTC for $168.84 million, at an average price of $84,422. Lookonchain stated, “Strive bought another 2,000 $BTC ($168.84M),” with the purchase bringing Strive’s total Bitcoin holdings to 29,462 BTC.

The latest buy stands out because Bitcoin is currently trading above the average acquisition price of that transaction. This may keep the $84,000 zone relevant as a short-term reference point while traders gauge whether BTC can sustain its recent recovery.

On the daily TradingView chart, Bitcoin stays considerably above the marked support levels of $68,430.33 and $62,979.67. The broader price structure thus remains constructive despite the latest pullback.