The Luna Foundation has continued to stack Bitcoin purchasing an additional 4,130 BTC

The Luna Foundation has continued to stack Bitcoin purchasing an additional 4,130 BTC. The recent purchase brings 39,897.98 Bitcoin owned by the Luna Foundation. This amount translates to roughly $1.7 billion, with $8.3 billion worth of Bitcoin to purchase to hit the $10 billion target.

Luna Foundation purchases 4,130 Bitcoin bringing its total to 39,897 BTC

The Luna Foundation remains faithful to its mission to buy $10 billion worth of Bitcoin and become the second-largest holder of BTC after Satoshi Nakamoto.

According to Wu Blockchain, the Luna Foundation purchased an additional 4,130 Bitcoins, bringing the platform’s total holdings to 39,897.98 BTC.

This latest Bitcoin equates to about $1.7 billion at the digital asset’s current price of $42,700. This means that the Luna Foundation still has to purchase another $8.3 billion in BTC to fulfill its previously mentioned mission of holding $10 billion and becoming the second-largest Bitcoin holder after Satoshi Nakamoto.

Regarding price action, the Luna Fund’s purchase of 4,130 BTC did not cause an unexpected reaction in the crypto markets. In writing, the leading cryptocurrency is consolidating above the critical $42.00 support. The last line intersects the 50-day (white) and 100-day (yellow) moving averages.

A glance at the daily BTC/USDT chart shows that the MFI and RSI are in the neutral zone at 32 and 47, respectively. However, the daily MACD indicates that continued selling could threaten the collapse of the $42k support area.

If Bitcoin fails to hold this key level during the weekly close today, it could open up to $40k or even $39,000. In the case of a hold of $42,000, Bitcoin may once again attempt to break the $48,000 resistance area, which coincides with the 200-day moving average (green). A successful break of $48,000 can open $50,000 or even higher in the following days.

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