The strong optimism following Trump’s election in November fueled a Bitcoin rally, which in turn led to a massive surge in MicroStrategy’s ( 
MSTR ) stock.
However, after reaching an all-time high near $550, MSTR experienced a sharp decline. Interestingly, despite Bitcoin hovering around $100K and even attempting a new ATH recently, this momentum hasn’t been reflected in MSTR’s stock price.
From a technical perspective, the price has broken below its ascending trendline and is now consolidating between $320 and $360.
Given the unjustified premium (at least in my opinion), I expect further downside for the stock.
Additionally, if Bitcoin fails to hold the key $90K confluence support, MSTR could see a sharp plunge below $200.
MSTR ) stock.However, after reaching an all-time high near $550, MSTR experienced a sharp decline. Interestingly, despite Bitcoin hovering around $100K and even attempting a new ATH recently, this momentum hasn’t been reflected in MSTR’s stock price.
From a technical perspective, the price has broken below its ascending trendline and is now consolidating between $320 and $360.
Given the unjustified premium (at least in my opinion), I expect further downside for the stock.
Additionally, if Bitcoin fails to hold the key $90K confluence support, MSTR could see a sharp plunge below $200.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.