MicroStrategy ( NASDAQ:MSTR ), under the leadership of CEO Michael Saylor, has made waves yet again in the cryptocurrency market with its latest strategic move. The company has solidified its position as a major player in the Bitcoin space by acquiring an additional 9,245 Bitcoins, bringing its total holdings to a staggering 214,246 Bitcoins. With this...
MicroStrategy Inc. (MSTR) has been trading inside a logarithmic Channel Up on the 1D time-frame since the December 30 2022 bottom. The price is currently at the very top (Higher Highs trend-line) of the pattern and that is a technical bearish signal on its own.
It gets increasingly relevant though if we consider the 1D RSI which is overbought and at its highest...
