MSTR At Key Level & Leading Bitcoin

Bitcoins

We've noticed based on our key levels, that MSTR key-level breaks have started to lead Bitcoin's key level breaks. The tail is wagging the dog.

MSTR is sitting right above a key medium term level, 330. A break of that would mean there's much more downside risk.

Bitcoin just followed MSTR's previous key level break and I think there's risk it continues to follow it lower if MSTR decides to break this next key medium-term level.

We pointed out recently that the market just priced in one fewer cut for 2025 from the Fed. Fewer cuts or inflation and more hikes would risk non-yielding assets like MSTR and Bitcoin so their lower key levels need to be watched.

We generally look for a 'slice' break for confirmation of our key levels. Such a slice is a fair warning for a likely continuation in the slice's direction.

If you'd like to know our MSTR targets or key Bitcoin levels try The Best Trader Chat Out There. Click here. Navigate & Trade Like A Pro With A Pro.

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