- summary:
- The strategy (which was previously Microsterge) increased by approximately 15 percent year on year and bought more than $ 550 million from BTC.
The previous Microstrategy strategy increased on Tuesday, an increase of 9 % and trading at $ 347 at the time of writing this report. Eleven levels of the week of $ 348 were re -testing, reflecting Bitcoin’s emission. The momentum on the arrow has seen that it gets 10 % in the last five trading sessions and send it to +14.6 % on an annual basis.
The increase comes according to the strategy (NASDAQ: MSTR) in the wake of deposits that show that it bought 6556 BTC at a price of $ 555.8 million between April 14-20. The company bought metal currencies at an average price of $ 84,785. With the price of bitcoin at 90,840 dollars to this writing, this means that he made profits of about $ 40 million last week.
Moreover, the strategy currently owns 538,200 BTC has been purchased with an average of 67,766 dollars per currency at a total cost of 36.462 billion dollars. The value of these assets is currently $ 48.89 billion from Bitcoin at $ 90,840 to this lines. More importantly, the strategic value is 91 billion dollars, which is equivalent to twice the value of BTC.
In addition, while the strategy share price rises by 14.6 % YTD, the Bitcoin price decreased by 2.1 % YTD. The momentum indicates the MSTR price to the potential continuation of the upper side. The price of the daily relative strength index of the share is 60 years to this lines, and the average trend index (ADX) is on the weekly graph, which adds credibility to the potential continuation of the upward path.
Strategy Prices of Strategy Predals
The strategic share price price is $ 334 and the upward trend will prevail if the procedure remains above this level. The rising procedure is likely to fulfill the initial resistance at $ 350, but the strongest momentum will show this barrier and test 350 dollars.
On the other hand, the momentum will turn into the upward trend if the MSTR is less than $ 334. This first support is likely to witness $ 324. The lower level of this level will invalidate the upper trend. Also, this may lead to a stronger momentum for a $ 310 test.
