MSTR Stock Attracts Dip Buyers As BTC Finds Floor at $90K, Lifting MicroStrategy to $210

The Bitcoin first strategy that has received much criticism from industry experts seems to be saving MSTR’s stock value once again. MSTR shares rose over 6% the past day as Bitcoin saw a much-needed price surge.

The company had been rattled by the recent fall of Bitcoin. The company’s majority shares, which were backed by Bitcoin investments, had taken a bad hit courtesy of this price volatility.

Now, however, as Bitcoin finds grip in the market once again, MSTR seems to be on a path of revival. In this article, we will analyze how the falling stocks attracted opportunistic dip buyers and MSTR’s comeback.

Bitcoin and Strategy Gain Momentum

The global market has been witnessing serious price swings lately. The volatility of crypto assets had also risen during this period of uncertainty. However, despite this turbulent market environment, MicroStrategy remains faithful to its Bitcoin-First approach and saw steady growth as Bitcoin prices rebounded after a long-standing market stagnation.

When Bitcoin fell under the $90,000 mark, MSTR came under significant pressure. The stock dropped nearly 5% after the epic crash of Bitcoin. When BTC retraced its price past $94,000 mark, a renewed hope was given to MSTR. This could be largely attributed to the improved market sentiment that drove the climb of MSTR.

During the rebound phase, MSTR jumped over $210, sparking confidence and growing nearly 6%. Industry analysts view this growth in two significant ways. One reason for this growth is attributed to the company Strategy’s Bitcoin-First approach, and the second to faithful long-term investors who held their composure during the market crash.

Technical Analysis Reveals a Confidence-Inspiring Support Level

As analysts pondered the recent rebound, it was found that this climb is part of a healthy price consolidation, rather than a trend reversal. It came to the attention of analysts that Strategy’s stocks were being bought by interested dip buyers at a price point around $190.

This price has much significance, as back in 2024, this was the high, and now the $190 mark serves as a strong support level for MSTR. A more nuanced technical analysis indicates that this price and Bitcoin’s rebound from $90,000 have a strong interconnection. This analysis also predicts that both assets are now in a high-demand zone where more buyers could potentially uplift both assets.

Will MSTR’s Support Hold?

Given that Bitcoin reclaims the $100,000 mark, MSTR can make an epic comeback. This comeback is a significant event as this will take MSTR to the price levels around $460.

$460 was the 2024 high, and if Bitcoin can maintain a healthy price tag above the $100,000 mark, MSTR can climb past the 2021 all-time peak of $544.

Michael Saylor’s Gamble Pays Off

Executive chairman and co-founder of Strategy Inc., Michael Saylor remains the driving force behind the company’s success. According to Saylor, Bitcoin as a long-term asset has much to offer investors in terms of store-of-value.

Saylor went on to state that Bitcoin even has the potential to become a foundational treasury asset. Saylor rejected the idea of a short-term pessimism that drove Bitcoin prices down and consequently the share value of MSTR. He reiterated that it was Strategy’s intentional decision to transition from a software company to a Bitcoin-powered enterprise. This seems to be a calculated long-term strategic approach taken by Saylor and his company.

A recent CNBC interview with Michael Saylor sent shockwaves down the industry as he admitted that the company was indeed buying huge amounts of Bitcoin and that Bitcoin will surpass Gold and the S&P 500 in the years to come.

Also Read: Michael Saylor’s MicroStrategy Buys 8,178 BTC Worth $836 Million

Conclusion

Whether Saylor’s optimistic approach to Bitcoin will save MSTR is a story that will unwind with time. For the time being, Saylor’s methods seem to be an effective way to secure Strategy’s future.

With Saylor expecting more institutional inflow, the price of Bitcoin will determine whether his dreams will turn into reality. All we can expect at the moment is that Bitcoin will break the $100,000 resistance and once again assert its dominance as the world’s number one cryptocurrency.