MSTR Stock Mimics Bitcoin’s Bullish Trend
MSTR stock is showing signs of a bullish setup, similar to Bitcoin’s recent breakout. This correlation could lead MSTR to new all-time highs.
Currently, MSTR is testing a key resistance level. This setup suggests either a direct breakout or a bullish correction, setting the stage for further gains.The stock’s price action reflects a sustained bullish structure, with higher highs and higher lows as the recent swing low.
Key technical points include:
- 362.50 support zone, an area with strong technical confluence.The value area low,21-day exponential moving average,and 200-day moving average all converge at this level.
A correction into this zone woudl likely establish a higher low and provide the structural base for the next upward move. Importantly, a breakout above the current high without a correction would also signal strong bullish momentum, suggesting continued buying pressure and increasing the likelihood of price rotation into revelation mode and the formation of new all-time highs.
Traders should watch for either a structured pullback or a clean breakout, both scenarios supporting continued upside.
