Keep an eye on MicroStrategy (MSTR).

For one, after dropping from about $480 to a low of $307, the MSTR stock is starting to pivot higher again. Two, it’s pivoting from over-extensions on RSI, MACD, and Williams’ %R.  And three, with Bitcoin showing signs of rebounding, the company just increased its stake in BTC to $4.68 billion, which could boost the MSTR stock even more.

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Helping, Bitcoin is above $30,000 again on speculation a spot Bitcoin ETF will be approved soon. Helping, according to

“Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF) applications in three to six months. He also anticipates that the greenlighting of spot bitcoin and Ethereum ETFs has the potential to inject between $150 billion and $200 billion of capital into these investment products.”

If that happens, not only could BTC potentially spike, but so would stocks like MSTR.


Ian Cooper