MSTR Stock Remains in Bear Market Amid Crypto Winter

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1d ago

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Stock Price Decline: MSTR shares traded at $138 on February 10, sharply down from an all-time high of $542, with market capitalization plummeting from $133 billion to $39 billion, indicating the company's vulnerability in the crypto market.
Technical Indicators Suggest Rebound: The Relative Strength Index (RSI) has dropped to 27, the lowest since June 2022, and historical data shows that when RSI reached this level, MSTR stock rebounded over 2,700%, suggesting a potential bottom reversal.
Holding Strategy Continues: Founder Saylor announced that MSTR purchased 1,142 bitcoins last week, bringing total holdings to 714,644, valued at over $49 billion, despite an average cost of $76,052, reflecting the company's long-term bullish outlook on Bitcoin.
Strong Financial Position: MSTR holds over $2.4 billion in cash, sufficient to cover dividends and debt maturities for the next two and a half years, with Saylor emphasizing the company's commitment to buying Bitcoin quarterly, showcasing strategic determination amid the bear market.

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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	40818.203	50409.102	60005.013	69595.912	79191.823	88782.722	98378.633
Fibonacci	50409.102	57738.463	62266.55	69595.912	76925.273	81453.36	88782.722

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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