As of November 12, MSTR is trading at $357 per share, with a cumulative market cap of $72.76 billion. This growth marks a 2,918% increase from $11.20 per share in 2020 when the firm first adopted Bitcoin as its primary investment strategy.
Bitcoin appears poised for further gains, with institutional backing and technical indicators supporting a potential rally to $100,000 in the coming weeks.
Bitcoin Price Forecast: $100K Rally in Firm Focus
Microstrategy’s $2 billion bitcoin purchase on Monday has sparked renewed optimism among bulls, setting the stage for a potential rally toward the psychological $100,000 level.
Bitcoin has climbed over 33% in the past week, breaching the $90,000 mark on Nov 12. Technical indicators suggest BTC price remains primed for further upside.
The Bollinger Bands on the chart have widened, reflecting heightened volatility, while the daily candlesticks are positioned above the upper band, suggesting a continuation of the uptrend.
