Bitcoin Price Outlook Amid MSTR Stock Crash
Bitcoin has dropped 8.6% from its recent peak, tracking MicroStrategy’s (MSTR) 8% decline to a four-month low. The correlation comes from MSTR’s shrinking premium (mNAV ratio), which fell from 3.4x to 1.6x after Michael Saylor eased issuance limits, raising equity dilution concerns despite funding more #Bitcoin purchases.
Technically, $BTC is holding above $112,400 support with resistance at $123,700. A break below support risks a slide toward $99,300, while a breakout above $120K–$124K could fuel a strong rally.
Overall, despite short-term volatility, institutional accumulation via MSTR and a preserved bullish structure suggest Bitcoin is more likely to trend higher than lower in the long run.
