Strategy's mNAV Drops to 1.03, MSTR Stock Falls 6%
- New Low for mNAV: Strategy's mNAV has dropped to 1.03, with an enterprise value of $63.93 billion, raising concerns among investors about the company's future as confidence wanes amid heavy selling pressure on Bitcoin.
- Fluctuating Bitcoin Holdings: The market value of Strategy's Bitcoin holdings fluctuates between $61 billion and $62 billion, and despite a $116 million BTC purchase this week increasing total holdings to 673,783 BTC, the market remains under intense selling pressure.
- Declining Stock Price Trend: MSTR stock fell over 6% on Friday to close at $156.05, reflecting increasing investor uncertainty about the company's Bitcoin strategy, with the stock down nearly 50% over the past three months.
- Dismal Market Sentiment: While Michael Saylor remains optimistic about MSTR stock and the Bitcoin accumulation strategy, Bitcoin prices hover around $90K, and a 10% drop in trading volume indicates waning interest among traders, contributing to a persistently low market sentiment.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36391.603 | 48195.801 | 61127.353 | 72931.551 | 85863.103 | 97667.301 | 110598.853 |
| Fibonacci | 48195.801 | 57644.858 | 63482.495 | 72931.551 | 82380.608 | 88218.245 | 97667.301 |
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