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-0.000120380402070604 0.000240760804141038 6.01902010352167E-05 6.01902010352167E-05 0.00403274346936311 0.00367160226315147 0.00517635728903326 0.0063199711087034
Stock impact report

Bitcoin trades near key price safety net that Strategy already breached [Yahoo! Finance]

Strategy Inc - Class A (MSTR) 
Last strategy inc - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
Company Research Source: Yahoo! Finance
Bitcoin (BTC) trades close to a crucial long-term price line that's held for three weeks, putting bulls on edge. However, shares in the largest publicly listed BTC holder, Strategy (MSTR), have already slipped below this "safety net," flashing bearish cues to the cryptocurrency. This safety net is the 100-week simple moving average (SMA), the average price over roughly two years and a trusted metric for technical analysts across markets to identify major trend shifts and long-term support or breakdowns. For bitcoin, the 100-week SMA has held steady for three weeks, halting the decline from record highs above $126,000. Think of it as a safety net catching a falling object mid-air. A bounce from the average could spark hopes of a trampoline-like bullish rebound. But if prices break lower, frustrated holders may dump more while bears gain confidence, sparking deeper declines. That's precisely what happened to MicroStrategy shares in November, as seen in the chart below. MSTR d Show less Read more
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