News HeadlinesPrice ActionIt has been a rocky few weeks for broader markets as uncertainty rises over the U.S. involvement in the Middle East. Bitcoin hasn’t escaped the market panic, and over the past 24hrs price dropped back below $100,000 albeit briefly. Figure 1: BTC drops back down towards $100,000. BTC is now only a few thousand dollars above its 200DMA, which is currently at $96,000. We will have to wait and see whether BTC continues to retrace towards it, or whether it can rally from here. If it does drop down towards it we would expect the 200DMA to act as a good level of support. While the recent price action may feel a little disheartening, it is always worth zooming out with Bitcoin. When we do and look over the past 3 months, BTC is still up +17.69% and sitting above $100,000. Figure 2: BTC past 3 months performance. The Big Story: Semler Stepping Up?Semler Scientific’s stock finally caught a break on Friday, leaping about 14% even as the broader market drifted lower. The bounce followed a pair of late-Thursday announcements that broadened the company’s Bitcoin ambitions. Semler is a medical-device maker that has also begun to operate an active Bitcoin treasury company. Despite this pivot, which has seen stocks for many other companies soar, Semler’s stock has struggled to date. AnnouncementsFirst, the California company unveiled the new post of Director of Bitcoin Strategy and tapped seasoned analyst Joe Burnett to fill it. Management also laid out an aggressive roadmap: to boost its stash to at least 10,000 bitcoin by the end of 2025, 42,000 by late 2026 and 105,000 coins before 2027 closes. Semler already holds 4,449 bitcoin, roughly $462 million at today’s prices, after adopting Bitcoin as its primary treasury reserve last year. Figure 3: Semler Scientific has one of the largest public company bitcoin treasuries. Investors cheered the bigger target, and sent the stock jumping up +14% while the rest of the market lagged. Figure 4: Semler Scientific stock price. Despite Friday’s jump, SMLR shares remain about 33% lower for 2025 and more than 50% off their February peak above $80, leaving the company’s market cap not far from the value of its coin pile. The aim is that Burnett brings deep bitcoin credentials: he ran market research at Unchained and previously served as lead analyst at Blockware Solutions, roles in which he argued that bitcoin is “the world’s most advanced monetary technology.” Chairman Eric Semler called the hire “vital” to a three-year push toward the 105,000 bitcoin mark and said Burnett’s analytical bent should help create lasting value for shareholders. Funding that war chest may require creativity. The company already has a $500 million shelf registration in place, giving it the option to sell stock or issue debt, a page straight out of MicroStrategy’s playbook. For now, the combination of a seasoned strategist and a clear accumulation timetable has rekindled optimism in a stock that had trailed both bitcoin and higher-profile corporate adopters. Chart of the week - Bitcoin Profitable DaysFigure 5: Profitable Days What it is
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You can track this metric here. Speak again soon, The Bitcoin Magazine Pro Team. Bitcoin Magazine ProFor more detailed Bitcoin analysis and to access advanced features like live charts, personalized indicator alerts, and in-depth industry reports, check out Bitcoin Magazine Pro. Make Smarter Decisions About Bitcoin. Join millions of investors who get clarity about Bitcoin using data analytics you can't get anywhere else. We don't just provide data for data's sake, we provide the metrics and tools that really matter. So you get to supercharge your insights, not your workload. Take the next step in your Bitcoin investing journey:
Invest wisely, stay informed, and let data drive your decisions. Thank you for reading, and here’s to your future success in the Bitcoin market! Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions. We sincerely appreciate your support and hope you found this content valuable. Please leave a like and let us know your thoughts in the comments section; we always welcome feedback from our audience! |
Monday, June 23, 2025
BTC Holds Above $100k For Now
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