MicroStrategy (MSTR) is inching closer to its key 200-day simple moving average (200SMA), a significant technical indicator that helps traders gauge long-term trend directions by averaging the stock’s closing prices over the past 200 trading days. Currently, MSTR is trading at just over $350, sitting slightly below the 200SMA, which is positioned at $355. The stock has remained below this benchmark since August 25, with a notable period of weakness earlier in the year during the so-called “Trump tariff tantrum” in April.
On Thursday, MicroStrategy shares surged by 6%, marking a rebound from a support level that hasn’t been tested since September 2024 and April 2025. This rally comes in conjunction with a notable rise in bitcoin’s value, which is approaching $118,000—almost reaching a one-month high. Bitcoin has surged more than 8% in September alone, putting it on track for its most successful September since at least 2013. Year-to-date, MicroStrategy has experienced an 18% increase, while bitcoin has risen by 22%.
However, the performance of other companies involved in the bitcoin treasury space has faced significant challenges. Japan’s Metaplanet saw a 10% drop on Thursday, contributing to its staggering decline of nearly 75% from its all-time high. As the market fluctuates, many investors are closely monitoring these indicators to better understand the potential future movements in both MicroStrategy and broader cryptocurrency trends.
