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Coinbase, Circle, and MicroStrategy Forecasts – Crypto Equities Test Key Support Floors

Coinbase, Circle, and MicroStrategy Forecasts – Crypto Equities Test Key Support Floors

MicroStrategy trades around 94.86, holding near the 100.00 level while staying below both its 50-day and 200-day EMAs. Source: TradingView.

Strategy continues to just bump along the bottom here right around the $94 level. This is a company that’s very interesting to watch right now. At one point, it was just basically a proxy for Bitcoin. Now, I think enough people have learned that there are ETFs and, quite frankly, can just buy Bitcoin. And you can do that instead of loaning money to Michael Saylor to issue more shares to buy more Bitcoin. That game seems to have stopped, and now we’re back to the actual company itself.

This has been a spectacular fall. At one point in the mania reaching $545 or so, we’re now down about 80% from…

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