- After a rocky week, MicroStrategy is trying to hold steady around $395. Bitcoin hasn’t collapsed — and with some strength returning, could a bounce be next?
MicroStrategy (NASDAQ: MSTR) had a rough stretch earlier this week, but it’s not unraveling just yet. The stock fell sharply from around $440, caught in a wider pullback across tech and crypto names. But heading into Friday’s close, things are starting to look steadier.
At one point, MSTR dipped below $400, a big psychological level, but it didn’t stay there long. By Friday afternoon, buyers had stepped back in. Not a full-blown rally, but a sign that bulls aren’t walking away.
So, What’s Really Going On?
It’s not just MSTR. Bitcoin has been stuck below $105K, and that tends to drag MicroStrategy down too. That said, Bitcoin hasn’t broken lower and that matters. In fact, it’s hovering just above $103K, and that stability is likely helping MSTR catch its breath.
A few other things working in MicroStrategy’s favor right now:
- Support around $395 held — this level has attracted buyers before
- Big tech names aren’t falling apart today, and that’s helping sentiment
- RSI and MACD aren’t flashing fresh danger, just fatigue
- And again, Bitcoin is holding. No surge, but no crash either
MSTR Technical Picture
| Current Price | $396.81 |
|---|---|
| First Resistance | $405.71 |
| Next Targets Up | $420 and $444.63 |
| Support Zone | $395 – then deeper at $364.95 |
This isn’t a breakout setup yet. But it also isn’t a breakdown. If MSTR closes above $400 soon, bulls could use that as a base to go after the $420s again.
Final Take
This move down doesn’t look like the start of something serious, not at this point. The price is reacting to Bitcoin’s pause and general market fatigue. But there’s no panic. And with $395 holding, MicroStrategy has a shot at rebounding early next week, especially if crypto sentiment picks up.
For now, it’s a waiting game. But the bulls haven’t left.