Michael Saylor Says “We Will Not Be Selling” As Strategy (MSTR) Price Breaks Out
Strategy (MSTR) stock showed a technical breakout supported by capital inflows, though its outlook remains tied to Bitcoin's performance.Summary
Strategy, formerly MicroStrategy (MSTR), has struggled as its stock mirrors Bitcoin's volatility. Recently, MSTR showed a bullish divergence on the Chaikin Money Flow (CMF) indicator, leading to a roughly 20% price rebound, suggesting underlying capital accumulation despite falling prices.
However, the stock's broader technical structure is fragile, and its performance is now highly correlated with Bitcoin, unlike in previous cycles where its enterprise software business offered some independence. The Relative Strength Index (RSI) has recently hovered near oversold territory, historically preceding rebounds.
Founder Michael Saylor remains bullish on the company's Bitcoin strategy, stating in an interview, "We will not be selling. Instead, I believe we will be buying Bitcoin every quarter forever." MSTR is currently trading near $133, facing a critical inflection point around the $137 Fibonacci level. Upside targets are near $157, while sustained weakness could see the price fall toward $122 or $104.
(Source：BeInCrypto)