MSTR stock has experienced a significant decline this week, trading at $280, as Bitcoin prices fell below $105,000. This marks a sharp drop from its year-to-date high of $457 and an all-time high of $540. Technical indicators suggest further downside potential, with the stock possibly reaching $230 due to the invalidation of a falling wedge pattern and the approach of a death cross. The bearish sentiment is compounded by Bitcoin's decline below its 50-day and 200-day moving averages, impacting MSTR's outlook. The company's Bitcoin holdings, now valued at $67.5 billion, have decreased from a peak of over $80.8 billion, reflecting the broader market downturn.