Watch These Strategy Price Levels as Stock Has Followed Bitcoin’s Decline | Global News Avenue

Strategy Shares (Mstr) Formerly known as MicroStrategy and one of the world’s largest Bitcoin holders, fell this week as digital currencies continue to decline.

The company has established a hiding place of nearly 500,000 bitcoins Sales pressure There are growing concerns among investors about the uncertainty of the potential impact of economic health and trade tariffs. The possibility of rising inflation is a particular issue, as it will make it harder for the Fed to lower interest rates, which is not good for investors Risky assets For example, cryptocurrency or stocks.

Strategy said earlier this week Buyed another large amount of Bitcoin, worth about $2 billionAs the price of cryptocurrencies has retreated to its lowest level within three months, it is possible to weigh the development of stocks.

The company’s stock has fallen 30% from the end of Thursday, but investors have turned to stocks in the past 12 months, nearly tripling the increase in shares over the past 12 months. lever Bitcoin betting. The stock has risen 6% in recent trading after a sharp decline in recent sessions Friday morning, with Bitcoin below $80,000.

Next, we break down technology On the strategic chart, identify key price levels worth paying attention to.

Descending triangle collapse

Strategic Sharing Transactions within three months Descending triangle Before the decision is determined break down This week, the increase in the mode volumeit is possible to lay the foundation for further falls.

Indeed, Thursday’s trading conference exacerbated sales by Relative Strength Index (RSI) Below 30 thresholds Oversold The lowest reading since December 2022 territory.

Let’s identify three crucial ones Support level On the strategy chart, stocks may encounter support if bearish momentum continues, but also point out the key Resist In areas worth monitoring in possible recovery efforts.

Key support levels to watch

Bulls failed to defend people who are closely watched 200-day moving average It could trigger a key support that fell to around $180. These stocks may arouse buying interest in the field near the trend line that connects multiple peak This was formed on the chart between March and September last year.

Close distance below this level could give stocks a revisit of $115, a location on the chart that could be supported by a series of notable lows developed last April, May, August and September.

Further sales opens the door for steep doors correct The stock fell to around $69. Bargaining hunters can look for Entrance point Famous in the area in December 2023 Swivel highwhich is closely consistent with the low profile of last February.

Key resistance areas for monitoring

In stock recovery efforts, investors should initially monitor the $315 area. Retesting this position may experience sales pressure near the bottom trend line of the landing triangle, which may shift from previous support to future resistance.

Finally, a move back to the top of the downward triangle could reduce the strategy share rallies to around $543, an area that is likely to attract a lot of attention near the stock. High history Schedule in late November last year.

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