MicroStrategy (MSTR) is nearing its 200-day simple moving average (200SMA), a crucial technical indicator that averages closing prices over the last 200 trading sessions. This level is widely monitored by traders as a benchmark for long-term market trends.
Currently trading just above $350, MSTR remains slightly below its 200SMA at $355. The stock has remained under this threshold since August 25, with previous weakness observed only in April during market volatility. On Thursday, shares surged 6%, bouncing back from a key support level last tested in September 2024 and April 2025.
This upward movement aligns with Bitcoin's strong performance, approaching $118,000—nearly a one-month peak. Bitcoin has gained over 8% in September, potentially marking its best September performance since at least 2013. Year-to-date, MSTR has increased by 18%, while Bitcoin has risen 22%.
In contrast, other Bitcoin-focused companies face significant challenges. Japan's Metaplanet (3350) dropped 10% on Thursday and is down approximately 75% from its all-time high.