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💰 Block is buying bitcoin every month for its balance sheet

Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet through dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products to investments in the cryptocurrency. "We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around the world to participate in a global monetary system and secure their own financial future," the company stated.

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Last drop in BONK Coin! What to expect?
After falling below $0.0000292, BONK Coin continues its decline, leaving $0.0000258 behind. So what direction will BONK take in the coming days?
Technical analysis:
BONK, which falls below the middle parallel channel area on the chart, may fall to the bottom of $0.0000215 in the next few days or hours.
Below this level, there is support at $0.0000135.
If BONK can break the parallel channel ceiling again, it may have a chance to rise to the top of $0.0000415.
Comment:
We are in a risk zone for BONK in the short term. A loss of the $0.0000215 support could lead to steeper declines.
However, BONK remains the most popular dog-themed cryptocurrency on the Solana blockchain. Therefore, it can remain a center of attraction for long-term investors.
Remember: This is not investment advice. Don't invest without doing your own research.
Tags:#BONK #Solana #Criptomoneda #Inversión #Análisis
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