Markets· ★★· bullish·

Strategy nears golden cross weeks after bitcoin flashed same bullish signal

  • —A golden cross is forming on MSTR after a similar signal appeared on bitcoin's chart
  • —The pattern is viewed as bullish, with the short-term average crossing above the long-term one
  • —Strategy remains the largest public corporate holder of bitcoin
Why it matters: The technical signal could draw trend-following traders into MSTR and reinforce the stock's correlation with bitcoin.
Source: CoinDesk