MicroStrategy Inc. MSTR continues its upward sprint, reaching a 52-week high of $236.29 during Thursday trading, with investors rallying behind the stock.
The stock's meteoric rise—up 55% in the past month and 244% year-to-date—signals renewed investor confidence in the company's strategic mix of Bitcoin BTC/USD investments and AI-powered software advancements. Over the past year, MicroStrategy has soared an incredible 444%, and many are betting that this momentum will keep going.
BlackRock Bets Big On MicroStrategy
A significant driver of the optimism comes from BlackRock Inc BLK, which recently expanded its stake to 5.2% in MicroStrategy, effectively placing a larger bet on the company's unique positioning as a gateway for institutional investors to gain Bitcoin exposure.
With Bernstein analysts projecting Bitcoin could reach $200,000 by the end 2025, it seems BlackRock is bullish on the long-term outlook for both crypto and MicroStrategy.
Peter Schiff's Grim Prediction
However, not everyone is celebrating. Noted Bitcoin critic Peter Schiff has made headlines again, calling MSTR "the most overvalued stock in the MSCI World Index." Schiff warns that when the stock eventually crashes, it'll be a "real bloodbath."
Known for advocating gold over Bitcoin, Schiff has long argued that crypto lacks the intrinsic value needed to sustain its current valuations. His sharp criticism adds a dose of skepticism to an otherwise optimistic narrative.
MSTR Stock Chart Shows Strong Bullish Momentum
On the technical front, all signs point to further upside for MicroStrategy stock.
Chart created using Benzinga Pro
The stock is currently trading well above its eight-, 20-, and 50-day simple moving averages, reflecting strong buying pressure and a bullish trend that shows no signs of weakening.
With the share price at $235.89, MicroStrategy stock's eight-day simple moving average sits at $210.78, signaling continued strength. Similarly, the 20-day simple moving average is $193.16, and the 50-day SMA is $159.06, indicating that momentum is solid.
A Bullish Long-Term Trend
The long-term trend is equally bullish. MicroStrategy's 200-day simple moving average is at $134.65, far below the current share price.
The Moving Average Convergence Divergence (MACD) indicator stands at 18.66, another indicator of a buy signal, while the Relative Strength Index (RSI) is 73.13, which indicates the stock is in overbought territory.
A Tense Tug-of-War Between Bulls and Bears
Despite some warning signs—like the RSI suggesting possible overheating—the overall outlook for MicroStrategy remains positive, at least for now. The company's dual focus on Bitcoin and enterprise AI is winning over institutional players like BlackRock, while skeptics like Schiff continue to warn of an impending collapse.
Will BlackRock's vote of confidence prove wise, or is Schiff's doomsday prediction around the corner? For now, MSTR is flying high, but in the wild world of Bitcoin, things can change in a flash.
Photo: DCStockPhotography/Shutterstock
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