MSTR stock has entered the RSI buy zone, a technical indicator often associated with Bitcoin price bottoms. Analysts highlight that the stock is currently oversold and testing a significant long-term support level. Despite selling pressures and concerns over potential exclusion from the MSCI index, TD Cowen maintains a Buy rating on MSTR with a target price of $535.
Michael Saylor, co-founder of MicroStrategy, remains confident in the company's resilience, even if Bitcoin's price falls to $25,000. Additionally, recent on-chain data reveals that 58,390 BTC, valued at $5.1 billion, have been moved to Fidelity’s custody system, prompting speculation about the firm's strategic moves.
MSTR Stock Enters RSI Buy Zone, Signals Potential Bitcoin Bottom
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