MSTR stock at make-or-break price, Strategy buys more BTC
MSTR stock remained on edge at a crucial support level and is at risk of a big dive as the recent crypto market rally lost momentum.
Summary
- The MSTR share price continued its downtrend this year and is hovering at its lowest level since September 2024.
- Strategy bought 13,627 coins worth ~$1.25 billion last week.
- Technical analysis suggests that the coin has more downside to go in the near term.
Strategy, formerly known as MicroStrategy, was trading at the key support level at $157, a few points above the year-to-date low of $150. It remains 65% below its highest level in July last year.
The stock continued to drop on Monday as Bitcoin (BTC) retreated to $90,000…
