MicroStrategy’s Bitcoin Play: Stellar Year, But December Doldrums Loom Large

MicroStrategy Inc (NASDAQ:MSTR) is riding the Bitcoin (CRYPTO: BTC) rollercoaster like no other, but the thrill seems to have hit a steep drop.

Once the darling of crypto-linked assets in 2024, boasting a jaw-dropping 342% year-to-date gain, the stock is now grappling with a sharp bearish turn.

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A Bearish Cloud Over MSTR Stock

MSTR stock, trading at $314.98, has plunged 20.34% in the past month, slipping below its eight, 20, and 50-day simple moving averages—a technical trifecta of bearish signals. The stock is under pressure despite sitting comfortably above …

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