Strategy Inc (NASDAQ:MSTR) shares are trading higher on Monday as Bitcoin (CRYPTO: BTC) jumps back above $69,000, helped by reports of a possible U.S.–Iran ceasefire plan that could reopen the Strait of Hormuz.

Bitcoin Rally Bolsters MSTR

Bitcoin is up 3.5% over the past 24 hours, approaching the $70,000 mark after a Reuters report indicated that a U.S.–Iran ceasefire proposal could take effect as early as Monday. Reopening the Strait of Hormuz, one of the world's most important shipping routes, would ease geopolitical tensions that have rattled markets.

The move sparked a broad rebound across major cryptocurrencies: Ethereum climbed more than 5%, XRP rose 4% and Solana added about 3%, according to Benzinga Pro.

The ceasefire push is being described as a last attempt to avoid the "massive strikes on Iranian civilian infrastructure" President Donald Trump threatened over the weekend. Meanwhile, OPEC agreed to raise oil output quotas by 206,000 barrels per day in May, a symbolic gesture aimed at calming energy markets.

Analyst and trader Michael van de Poppe noted that Bitcoin is showing strong upside momentum as volatility picks up, helped by the easing geopolitical backdrop. He said a clean break above $71,000 could confirm a bullish continuation, with the next major resistance zone sitting near $80,000.

Strategy functions both as a major Bitcoin‑holding company and as a seller of business intelligence software, which gives the stock a unique personality in the market. It often trades like a hybrid of a crypto proxy and a traditional enterprise software name. That combination makes the shares more reactive to shifts in overall risk appetite than a typical software‑only company, since investors treat it as part tech play, part Bitcoin lever.

MSTR Battles Bearish Setup

Strategy is currently showing a bearish technical picture, with the price trading well below key moving averages. This setup indicates a lack of momentum and suggests traders should be cautious about potential further declines.

The RSI is currently neutral, which means it's not signaling overbought or oversold conditions. This neutral stance suggests that there isn’t strong momentum in either direction, leaving traders to watch for a breakout or breakdown.

MACD is below its signal line, indicating bearish pressure on Strategy Inc Common Stock Class A’s stock. This suggests that the downward trend may continue unless there's a significant shift in momentum.

Looking at the 12-month performance, Strategy Inc Common Stock Class A’s stock has declined by over 53%. This significant drop highlights the ongoing struggles and suggests that traders should remain cautious in the current environment.

  • Key Resistance: $149.50 — an area where rallies have recently struggled to extend.
  • Key Support: $118.50 — a level where buyers have tended to defend pullbacks.

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $360.38. Recent analyst moves include:

  • Citigroup: Buy (Lowers Target to $260.00) (March 18)
  • B. Riley Securities: Initiated with Buy (Target $175.00) (March 10)
  • BTIG: Buy (Maintains Target to $250.00) (March 6)

MSTR Price Action: Strategy shares were up 6.19% at $127.25 at the time of publication on Monday, according to Benzinga Pro.

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