Strategy (formerly MicroStrategy )- MSTR stock ended this week on a gloomy note, closing Friday’s session with a loss of over 4%.
According to the experts, the dip in MicroStrategy, now Strategy, stock could be attributed to the recent underwhelming performance of the Bitcoin price.
In addition, the discussions over MicroStrategy’s wallet moving massive BTC holdings to Coinbase have further weighed on the market sentiment.
However, Strategy Executive Chairman Michael Saylor has refuted the claims while advocating to “hodl” Bitcoin USD.
BTC price has struggled to hold above the $100k over the past few days, which has spooked traders.
Market participants also anticipate volatile trading in the broader crypto stocks sector, let alone the MSTR stock price.
Amid this, a top analyst has warned of MicroStrategy stock falling to as low as $120, suggesting a dip of 40% from the current price. To invalidate the bearish call, the crypto stock might reclaim a brief support in
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