Bull Signal: MicroStrategy Stock Poised for a Bounce

Since soaring to their highest level since November 2021 amid a rise in Bitcoin (BTC), shares of MicroStrategy Inc (NASDAQ:MSTR) have quickly fallen from grace. The security is already down nearly 28% in 2024, yesterday touching a more than two-month low after BTC slipped below the $40,000 level. However, MSTR was last seen 1.6$457.56, and its aforementioned pullback has placed it near a historically bullish trendline.More specifically, the crypto-adjacent stock just ran into its 120-day m ...