Top Bitcoin Holding Company Stock Prices Are Down By More Than 15%, Buying Opportunity? 2022
Many of the top Bitcoin-holding public companies are suffering significant drops in their stock prices to an amount that can interest several investors. For the past few days, the crypto market has been experiencing some intense selling pressure. The top cryptocurrency like Bitcoin(BTC) and Ethereum (ETH) have extended their correction phase and dropped by more than 10-15%. MicroStrategy ($MSTR) Price Escaping 20-day EMA Should Hint Bullish Reversal In the daily time frame chart, a parallel channel pattern was leading the recovery rally of MSTR share price. On December 3rd, 2021, the intense selling pressure in the price market triggered a bearish breakout, extending the correction phase for MSTR price. The share price was discounted by more than 25% from the breakout point($642) and dropped to a minor support level of $482. Traders should look out for this support line and the lower one $412 that can provide sufficient support to the price. The 20 EMA line is directi...