M. Strategy Stabilizes As A New Bullish Phase May Be Emerging

M. Strategy (MSTR) is finally stabilizing from the $83 support area, and it looks like there is now room for more gains as price is also recovering above the trend line connected from sub-waves one and four. This is an indication that we could be entering a new bullish phase, which could resume toward the $190–200 area or higher during the rest of the year.

MSTR Daily Chart

We are tracking a five-wave impulse into wave A/1 of a minimum three-wave A/1/B/2/C/3 rally, so more upside can be seen. However, once wave A/1 is fully completed, be aware of a wave B/2 pullback before a continuation higher in wave C or 3.

A bullish reversal in Strategy could also be positive for Bitcoin (BTC.X), considering the company remains one of the largest corporate holders of BTC, with 848,000 Bitcoins.

Highlights:

• Strategy is stabilizing around the $83 support area.

• Price is breaking above the trend line connected from sub-waves one and four, which could indicate that the bearish cycle is coming to an end.

• A recovery toward the $190–200 area or higher could follow during the rest of the year.

• Strategy's bullish reversal could also provide a positive signal for Bitcoin, given its 848,000 BTC holdings.