The case of MicroStrategy. A forcaster of the future of Bitcoin? 🔮

Hey there,

I am going to share a super eye on details. What is the relationship between $MicroStrategy (MSTR.US)$ $Defiance Daily Target 2X Long MSTR ETF (MSTX.US)$ and $Bitcoin (BTC.CC)$. It is obvious that they are closely related in a way Michael Saylor buys bitcoins for microstrategy and if Bitcoin goes up there is some point it will go up. So the question is who is pushing who? Bitcoin pushing Micro or is it Micro pushing Bitcoins.

The case of MicroStrategy. A forcaster of the future of Bitcoin? 🔮

I am paying real close attention on this specific date. Nov 21, 2024 this is where Bitcoin went up! MicroStrategy tanked to a pulp due to reasons of overvalued.

So here is the chart

MicroStrategy on the 21st Nov had tanked real hard. The reason behind it was due to good data reports on the Calander except for manufacturing that shows a steady decline in jobs.

despite the positive movement on bitcoins.

Now pay close attention here, 5 days, the 5 days later it starts to tank right after MicroStrategy tanked 5 days earlier! On the other hand 5 days before, it is also in the red.

Remember past performance doesnt indicate future results. I am doing this for education purpose and spotting a pattern.

Now why such a drastic move on $MicroStrategy (MSTR.US)$?

1. Overleveraged

Each time there is an up Microstrategy will run up way higher than bitcoin

Each time there is a down it will tank way lesser as Saylor decides to buy more and uplifting the market.

2. Overvalued

It looks to me that before the price starts reaching above 100k. People had started to realised how overvalued is MicroStrategy at that time and decided to take profit.

So from the 21st Nov the case is in sell on the news scenario. Before it rockets to 100k, traders and institutions decided to sell thinking is overvalued.

Moving forward back to 543 for microstrategy where would I think Bitcoin price would be.

IMO hate to break to the bulls to really reach back the 543 levels. Bitcoins really need to pump to 150k to 200k as this is my personal value on MicroStrategy based on the value of bitcoins.

Now the question leads me back to this. Is MicroStrategy a forcaster or a backlogger?

Leave down in the comments below.

Well this is my opinions so those who are thinking this is Astrology may ignore what I said.

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Aaron Invests (AI)

Casual and Social 🐱Trader and investor. ✅ chartist for Trades ✅ Financial reporter ✅ Scalpers ✅ Swinger

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