Watch These Strategy Price Levels as Stock Has Followed Bitcoin’s Decline
Key Takeaways
- Shares of Strategy, formerly known as MicroStrategy and one of the world’s largest holders of bitcoin, have fallen sharply this month as the digital currency has slumped.
- The stock broke down below a three-month descending triangle this week on increasing volume, potentially setting the stage for further falls.
- Investors should watch crucial support levels on Strategy’s chart around $180, $115, and $69, while also monitoring key resistance areas near $315 and $543.
Shares of Strategy (MSTR), formerly known as MicroStrategy and one of the world’s largest holders of bitcoin, has tumbled this week as the digital currency continues to slump.
The company, which has built a stash of nearly 500,000 bitcoins, has seen its stock…
