MSTR’s stock price continued its recent downward trend on Monday as volatility in the crypto market continued.
Summary
- MSTR’s share price continued its strong downward trend this week.
- MicroStrategy continued its Bitcoin accumulation strategy.
- Technical analysis suggests that the MSTR could fall to $100 soon.
MicroStrategy fell to $136, a 75% decline from its all-time high. It then stabilized at $145, while Bitcoin (BTC) recovered some of its earlier losses and rose above $78,000.
The strategy also stabilized after the company revealed it had acquired 8,555 coins worth more than $75 million last week. It was the smallest purchase in three weeks.
The company now owns 713,502 coins, which it purchased for the average price of $76,052. At Monday’s lows, Strategy’s unrealized losses rose to more than $900 million.
Strategy has access to more money to continue the Bitcoin buying spree. It’s buying report showed it has access to more than $8 billion in MSTR stock to sell to raise capital. It also has $20 billion of STRK preferred stock, $4 billion of STRD, $3.6 billion of STRC and $1.6 billion of STRD stock.
Therefore, there is a good chance that Saylor will use the lower Bitcoin price to continue accumulation. He believes that Bitcoin will eventually bounce back and soar to a new all-time high.
History shows that Bitcoin always recovers when it enters a bear market. For example, BTC crashed by more than 35% between its high in January last year and its low in April. The price subsequently recovered to a record high in May.
Bitcoin also fell by more than 70% between its 2021 high and 2022 low, before rising from below $16,000 in 2022 to $126,200 in 2025. The most likely scenario is therefore that Bitcoin rebounds later this year.
Technical analysis of MSTR stock price
The weekly chart shows that MicroStrategy’s stock price is in a strong downtrend. It has now crashed below the Fibonacci Retracement level of 61.8%, confirming the downtrend.
The Average Directional Index has risen to 33, the highest level since March last year. A rising ADX indicator is a sign that the downtrend is gaining strength.
The stock fell below all moving averages and the Supertrend indicator. Therefore, the most likely scenario is that the price drops 35% to $100 and then resumes the downtrend.
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