MSTR’s Strategy Death Cross: A Critical Moment for Investors?

MSTR Stock Faces Further Decline Amid Crypto Market Crash

On October 17, the MSTR stock price took another hit as Bitcoin and other cryptocurrencies tumbled. The stock has formed a death cross pattern,signaling more losses ahead.

The MSTR stock price is on a downward path.Here’s why:

• MSTR stock has formed a death cross pattern, indicating more losses.
• Bitcoin’s price crash is accelerating MSTR’s downtrend.
• Technical analysis suggests the stock could fall too $230 or lower.

The MSTR stock price has dropped to $280, its lowest as April 15.This decline is 40% below its yearly high. The stock has decoupled from Bitcoin’s performance, remaining in a bear market even as Bitcoin hit a record high earlier this month.

With the death cross pattern and key support levels breached, MSTR’s stock is highly likely to continue falling. The next target is $230, and a drop below that could lead to further losses, perhaps to $200. TradingView shows these trends clearly.

Bitcoin’s bear market is also affecting MSTR. As the largest Bitcoin holder with over 640,000 coins worth $67 billion, MSTR’s strategy is struggling.Technical analysis suggests Bitcoin could drop below $100,000, further impacting MSTR.

MSTR’s net asset value is falling, making it harder to raise capital.Many Bitcoin treasury companies are seeing their premiums drop, with some NAV multiples falling below 1.