Watch These Strategy Price Levels as Stock Continues to Surge Alongside Bitcoin
Key Takeaways
- Shares of Strategy, the world’s largest corporate holder of bitcoin, have soared 75% from their April low, tracking a recovery in the cryptocurrency and other risk-on assets.
- The stock has climbed back toward its record high following a retracement to the 50-day moving average in March.
- Investors should watch key overhead areas on Strategy’s chart around $440 and $945, while also monitoring crucial support levels near $230 and $180.
Shares of Strategy (MSTR), the world’s largest corporate holder of bitcoin that until recently was known as MicroStrategy, rose again Tuesday as the digital currency continued rising.
The stock, which provides investors with a leverage bet on bitcoin’s price, had gotten a boost to start…
