Watch These MicroStrategy Price Levels as Stock Jumps After Latest Bitcoin Purchase
Key Takeaways
- MicroStrategy shares jumped more than 10% on Monday, adding to recent gains following the stock’s recent correction.
- The software firm purchased an additional 6,911 bitcoins between March 17 and March 23, takings its holding to over 500,000 BTC, according to a regulatory filing.
- After initially finding buying interest at the 200-day moving average in recent weeks, the price closed above the 50-day MA on Monday, potentially setting the stage for a continuation of the stock’s longer-term trend higher.
- Investors should watch major overhead areas on MicroStrategy’s chart around $383, $543, and $870, while also monitoring key support levels near $232 and $180.
MicroStrategy (MSTR) shares jumped more than 10% on Monday, adding…
