Despite the fears in the immediate aftermath of the spot Bitcoin (BTC) exchange-traded fund (ETF) approvals, MicroStrategy (NASDAQ: MSTR) – rebranded as just Strategy – has been a major winner of 2024.
Despite rallying more than 420% from $63 on January 2 of the year to the price of $289 on its final day and at one point hitting the highs near $421, more recent MSTR stock performance has been less certain.
The long period of consolidation, per the technical analysis (TA) conducted by the on-chain expert Ali Martinez on X, is nearing its end, and Strategy shares could soon make a massive move.
The MSTR stock triangle chart pattern. Source: Ali Martinez
Here’s why MSTR stock might make a big move soon
Specifically, Martinez showcased that MSTR stock has been forming a symmetrical triangle chart pattern since mid-November and that the period of price consolidation is nearing its end. The on-chain analyst also revealed that Strategy shares are poised for a move potential
We współpracy z: https://finbold.com/crypto-analyst-predicts-50-massive-move-for-strategy-mstr-stock/
