$MicroStrategy(MSTR)$ is following the crypto bull run at the moment. Similiar to$Coinbase Global, Inc.(COIN)$ , it looks like we've stepped out of the crypto winter cycle. With the SEC approving BTC ETFs, logically speaking these companies wouldn't want BTC to fail. And with $MicroStrategy(MSTR)$ buying more BTC, a clever strategy following the ETF approvals. Looking bullish for now riding the crypto bull run. Be careful though - unlike stocks, what dictates crypto prices are different. It's a high risk high reward game. Case in point - the LUNA crash in May 2022 caused a lot of grief for many. Anything could happen overnight. Make sure you read up enough before investing. But for now, $MicroStrategy(MSTR)$ looks like it's on fire! As usual, advice is not to FOMO in. Always tread carefully with investments. With every investment there are always risks. Tech analysis for BTC shows weekly signs of rising. Possible $2k hit with current pre-market already at +4.41% at time of writing this. However current P/E ratio shows that the stock is overvalued. But for now, looking bullish perhaps in the short term weekly or next couple of weeks.
Trade with care everyone! Here for a good time, not for a long time. If you've made profit, take it and go. Making a profit no matter how small is still better than making a loss. And as usual, ride the wave, don't fight it.[Cool]
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