Bitcoin traded around $77,884 on April 17 and pushed decisively above $77,000 for the first time since the Feb. 5 washout to near $60,000. The move put Strategy’s bitcoin holdings back into unrealized profit and coincided with key trend recaptures for both BTC and MSTR.

Key Takeaways

• cleared $77,000 for the first time since the Feb. 5 selloff that drove price to a low near $60,000.
• BTC moved back above its 100-day moving average, with the 100DMA cited at $74,774.
• Strategy’s stated average bitcoin purchase price is $75,577, putting its holdings back in profit at current spot levels.
• MSTR gained about 8% and traded above its 200-week moving average for the first time since February.

Bitcoin Clears $77,000 After Repeated Resistance Tests

Bitcoin traded around $77,884 on April 17, extending a rebound that has now pushed through a level that repeatedly capped upside earlier in the year. The break above $77,000 was the first decisive move through that zone since the Feb. 5 selloff, when BTC dropped to a low near $60,000.

For traders, the context matters as much as the print. The market had already shown its hand twice near the same area and failed. BTC briefly traded as high as $76,700 on Feb. 4 before rolling over, and a later recovery attempt on March 17 stalled at $76,013. That history turns the $76,000–$76,300 band into a reference point. Pushing through it this time is technically more meaningful than prior rallies that died below resistance.

The 100-Day Moving Average Flip: $74,774 Back in Play

BTC also reclaimed its 100-day moving average, cited at $74,774, and traded firmly above it after earlier attempts were rejected. The 100DMA is a trend filter that many systematic and discretionary desks use to separate “bounce” behavior from a broader recovery attempt. When price is below it, rallies often get sold into. When price is above it, the same line tends to become a support level that dip buyers defend.

The reclaim comes after a rally of more than 25% from the early-February bottom into the April 17 breakout. That magnitude, paired with the moving-average flip, frames the move as a recovery attempt with structure behind it, not just a reflexive rebound off lows.

Strategy’s Cost Basis Cross: $75,577 Turns the BTC Stack Green

The breakout also re-centered Strategy as a high-beta expression of spot BTC. The company, described as the largest publicly traded holder of bitcoin, is “now back in profit on its bitcoin holdings, with an average purchase price of $75,577.” With BTC trading above that level, the narrative shifts from underwater cost basis to positive carry headlines.