{"1aea724b21848b6d1f3a31637a5d341d":"Strategy stock price crashed below an important support level as Bitcoin fell below $110,000 and as its mNAV multiple reached its year-to-date low. ","c92433d19f8640190e2b7bbd34046308":" Summary ","3a9b61c2f5ac0f8e984b28f4315e7f4a":" MSTR stock price has crashed below an important support level. ","948aa3d3c340670da1ad59d56f78e643":" There is a risk that it will form a death cross pattern soon. ","4f671d2a6a91ee575dd50b70c98f2fab":" Bitcoin price has formed a head-and-shoulders on the daily chart and a rising wedge on the weekly. ","32215aa8f064572d2a1001104ae49792":"Strategy stock price traded $297 on Thursday, its lowest level since April, and 35% below its all time high. This crash has brought its market capitalization from the year-to-date high of $129 billion to now $84 billion.","2cad0f22e02de3e090b50e988f855620":"MSTR stock plunged amid the ongoing crypto market crash. Bitcoin (BTC) fell below $110,000 for the first time since Sep. 1. Worse, as the chart below shows, it has formed a head-and-shoulders pattern, pointing to more downside in the near term.","30fb3347ef8f28b317e4867e036b47df":" BTC price has formed a head-and-shoulders pattern | Source: crypto.news ","139675e153cf7e9db9ca0325031e71f5":"Bitcoin has also formed a giant rising wedge on the weekly chart, meaning that this could be the start of a prolonged bear market.","9a2f2305c0ef1b856c3db00e83e21006":" You might also like: Crypto crash: Why are altcoins like Avalanche, Aster, and Dogecoin going down? ","86c00f7a62f3e92acc73b88b7e73655c":"A prolonged Bitcoin price crash would be negative for Strategy, a company that has become the biggest holder globally. It holds 639,835 coins, currently worth $69 billion. The same coins would be worth $80 billion if it was at its all-time high of $124,200.","c1563aa91ee570137526087a9e2918e5":"Most importantly, the falling BTC price means that the company\u2019s premium has plunged. The closely-watched mNAV multiple has dropped to the year-to-date low of 1.195, down from the November high of 3.4.","db55c4cc6bd8074b1e9a1af86c9d575a":"The falling mNAV multiple is risky for the company because it uses its premium to raise capital, which it uses to buy Bitcoin. For a long time, Saylor\u2019s rule was that he would not issue shares if the mNAV moved below 2.5. He changed it in August, opening the door for more dilution.","a32bf0058cf350c9857d7e1a9f84e3ac":"MSTR stock price technical analysis  ","95da525058dbd199d1c6be227e391221":" Strategy stock chart | Source: TradingView","43221a6d7b92f753d3a990d8fa78f9fe":"The daily timeframe chart shows that the MSTR stock price has crashed from a high of $457 in July to $295 today.","1ebe8ff74871bdde754db86da62cc35d":"It dropped below the important support level at $318, where it failed to move below several times this month.","291d7bc28f0f9d43ae411a1e64fead6e":"Worse, the stock is about to form the risky death cross pattern as the spread between the 50-day and 200-day Exponential Moving Averages has narrowed.","13a26446ceffb565d3dff4881ed9a35b":"A death cross would lead to more downside, potentially to the important support level at $230, its lowest level in April this year. This target is about 25% below the current level. ","7f4656488b21436927790bf2163240c8":" You might also like: Red alert: 3 reasons the IREN stock price may crash soon "}