MicroStrategy Excluded from S&P 500 Once More Despite Compliance with Criteria
S&P 500 Index Decision: The S&P 500 committee has chosen SanDisk for inclusion, leaving MicroStrategy (MSTR) out despite meeting eligibility criteria, as its Bitcoin-heavy profile may deter the committee from accepting it.
MicroStrategy's Performance: MSTR shares fell 34% in November, marking its fifth consecutive monthly loss, with analysts suggesting this could signal a potential turning point after a prolonged selloff.
Market Perception of MicroStrategy: MicroStrategy is viewed as a significant equity play on Bitcoin due to its substantial BTC holdings, which influences its stock price to behave more like a cryptocurrency proxy than a traditional software company.
Criticism of S&P's Decision: Critics argue that the S&P's rejection of MicroStrategy is not based on fundamentals but rather a reluctance to include a Bitcoin-centric company in the index, highlighting a lack of transparency in the committee's decision-making process.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36103.034 | 48051.517 | 60373.054 | 72321.537 | 84643.074 | 96591.557 | 108913.094 |
| Fibonacci | 48051.517 | 57322.665 | 63050.389 | 72321.537 | 81592.685 | 87320.409 | 96591.557 |
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