MicroStrategy’s stock, MSTR, declined by almost 50% from its November high as a possible bearish continuation threatens Bitcoin’s (BTC) rebound.
Bitcoin is currently struggling to hold above a crucial support level as analysts predict a possible decline to $60,000.
Business intelligence company MicroStrategy has witnessed its stock, MSTR, undergoing one of the worst moments in its history, having declined by 47% since November 2024.
Within the period, the asset has declined from $543 to $287.18. Fascinatingly, analysts believe that things could get worse once MSTR falls from the current position which is also a three months support level. A further breakdown could see MSTR falling to $248. Failure to hold above this level could see the asset finding support at $208. From this point, $135.26 could be the next support level.
Apart from the poor performance of its stock, MicroStrategy has recorded deteriorating earnings in four consecutive quarters. According to reports, a fur
