Technical analysis by noam_chom about Symbol MSTRX on 3/8/2024
https://sahmeto.com/message/3720279

noam_chom
Rank: 5610
Analytical Power:
1.6
Microstrategy Bitcoin Halvening Hype Fades
:Neutral
Price at Publish Time:
$142.56

Everyone is gonna wake up some day and realize that the halving isnt a big deal anymore because it has a marginal impact on daily supply and demand. The bigger factor now is institutional flows. theyve been on fire for a month or two since ETFs launched, but at some point theyre gonna decide to take profits and plan for retracement. Look for MSTR to pull back soon to about $900, to form a new support level before rallying to $2,000 later in this year. Cheers to Michael Saylor he really is a courageous visionary.
Source Message: TradingView