Daily market analysis provided by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
MicroStrategy (MSTR) bears have broken through crucial bull market support levels, significantly outperforming bitcoin (BTC) bears in the current market correction.
The technical breakdown focuses on MicroStrategy's stock price falling below its 50-week simple moving average (SMA), indicating potential continued downward momentum for MSTR shares.