Key Bull Market Support Breached as Strategy Bears Outperform Bitcoin Bears

Strategy Bears Breach Key Support as Bitcoin Holds Firm

Shares of Strategy (MSTR), the world’s largest publicly-listed Bitcoin holder, have fallen below a critical bull market support, while Bitcoin (BTC) continues to hold above its own 50-week simple moving average (SMA).

Strategy’s decline comes after breaking its 50-week SMA—a level that had reliably ended corrective pullbacks and sparked buying since March 2023. The breach signals weakening buying pressure and potential further downside.

Bitcoin, by contrast, remains above its 50-week SMA despite retreating from record highs above $124,000, keeping its broader bullish trend intact.

Strategy holds 640,250 BTC, worth about $71.73 billion, according to Bitcointreasuries.net. Its accumulation has helped fuel BTC’s rally from $30,000 to $124,000, making Strategy’s technical weakness a possible cautionary signal for BTC bulls.

Momentum indicators like the weekly MACD are red for Strategy, while Bitcoin’s MACD is also bearish but has yet to break its SMA. BTC was trading near $111,700, with its 50-week SMA at $101,872, per TradingView.