MicroStrategy's Bitcoin investment strategy is paying off so far in 2023.
"The risk here will come from its inability to buy Bitcoin with positive cash flows in future quarters as per its strategy," says Pacifica Yield, financial blogger at Seeking Alpha, adding:
"Dilution to buy assets that you lose money on if Bitcoin returns to its near-term lows would not be a shareholder-friendly strategy."From a technical standpoint, MSTR has a high probability of a 20% price correction in Q2.The stock's yearly rally has landed its price near a resistance range — between $320 and $340 — notorious for capping breakout attempts. Suppose a pullback occurs. Then, the price could drop toward its 50-3D exponential moving average below $260 by June.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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