Microstrategy Slowed Down For A Correction Along With Bitcoin

Crypto - Many Bitcoin Gold Coins

Microstrategy – MSTR can be rising within a strong five-wave bullish cycle along with Bitcoin. It recently made a nice wave 4 correction along with Bitcoin – BTCUSD due to their positive correlation. MSTR is right now trading at textbook 1100 – 1000 support area, while BTC at 60k-59k area, from where we can expect a bullish continuation for wave 5 ahead of Bitcoin Halving.

MSTR 4H Chart vs. BTCUSD

On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.