Strategy Inc (NASDAQ:MSTR) shares are slipping on Thursday. Bitcoin (CRYPTO: BTC) continues to weaken, and uncertainty around major crypto catalysts lingers.
- Strategy stock is testing lower boundaries. Why is MSTR stock at lows?
Bitcoin Continues To Struggle
Thursday’s decline follows a rough session on Wednesday, when Bitcoin fell under $60,000 and most crypto‑related stocks dropped sharply. K33 Research reported that Bitcoin investment vehicles have posted their first negative one-year flow reading since November 2023.
Strategy is also dealing with pressure from its STRC preferred shares, which slipped below $90 for the first time since they were introduced. The company faces annual dividend obligations of about $1.7 billion. K33 estimated that Strategy has roughly ten months of dividend coverage after raising $300 million in fresh capital. The firm said Strategy is still far from needing to sell Bitcoin, although the weakness in the preferred stock continues to weigh on sentiment.
Grayscale Says Bitcoin Looks Undervalued, But Risks Remain
In a June 24 interview with CoinTelegraph, Grayscale Head of Research Zach Pandl said Bitcoin appears inexpensive based on several on chain valuation tools, although it has not yet reached the deeply discounted levels seen after the FTX collapse. Pandl pointed to two major factors that will determine whether the crypto market has already found a bottom: progress on the CLARITY Act, which would create a regulatory framework for digital assets in the United States, and whether Strategy and other Bitcoin‑leveraged companies can stabilize their balance sheets.
MSTR Stock: Key Levels And Trends To Watch
The broader trend for Strategy remains firmly pointed lower. The stock trades 54% beneath its 200-day simple moving average at $187.19 and 43.3% under its 50-day simple moving average at $151.79. When price sits this far below major trend lines, it signals that sellers have controlled every bounce and that overhead supply continues to cap rallies. The death cross from October 2025, when the 50-day average slipped under the 200-day average, still defines the longer-term bias as a downtrend until proven otherwise.
Momentum is also stretched to the downside. RSI is at 25.41, which places the stock in oversold territory and shows that selling pressure has reached extreme levels. Readings this low often precede sharp countertrend rebounds, although oversold conditions alone do not confirm that a durable bottom has formed. Price also remains far below the 20-day simple moving average at $122.67, a level that often acts like a magnet during strong trends.
- Key Resistance: $122.67 — This level matches the 20-day simple moving average and is typically the first area tested during mean reversion attempts after a steep decline.
- Key Support: $92.28 — This zone corresponds to the previous 52-week low, which has now been broken. Reclaiming this level would be an important signal that buyers are attempting to regain control.
MSTR Shares Are Falling
MSTR Price Action: Strategy shares were down 8.10% at $86.51 at the time of publication on Thursday. The stock is trading at a new 52-week low, according to Benzinga Pro.
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