MicroStrategy Stock Declines Amid Bitcoin's Downturn

MicroStrategy's stock has experienced a significant decline, dropping nearly 22% as Bitcoin's value fell by 23%. According to NS3.AI, this has resulted in over $3.5 billion in unrealized losses on the company's Bitcoin holdings. Despite the price weakness, technical indicators such as a falling wedge pattern and a rising Chaikin Money Flow suggest that large investors are continuing to purchase, indicating a potential rebound. However, the situation is complicated by weakened retail buying and reduced analyst price targets, which underscore ongoing risks. The stock faces key resistance at $140, with potential upside targets identified at $189 and $225.