The MSTR stock price rose by over 2% on Friday as Bitcoin held steady above $92,000 and as analysts, including Tom Lee delivered their bullish forecasts.
Summary
- MSTR stock price rebounded as Bitcoin moved above $92,000.
- Tom Lee maintained his bullish BTC outlook, pointing to a rally to $100k.
- Technical analysis points to more Strategy stock gains.
Strategy rose by 2.25% to $180, bringing its market cap to $50 billion. It remains well below its all-time high of $542.
Tom Lee delivers his Bitcoin price prediction
Top crypto analysts remain bullish on Bitcoin (BTC) even though it is below its all-time high of $126,200. In a CNBC interview, FundStrat’s Tom Lee maintained that the coin will ultimately soar to the psychological point at $100,000 by the end of the year. BTC needs to rise by less than 10% from the current level.
Lee also believes that Bitcoin will ultimately soar to its all-time high in 2026 and possibly hit $200,000. He cited factors such as potential Federal Reserve interest rate cuts and growing institutional demand in the US and other countries.
Tom Lee has become a significant investor in the crypto industry through BitMine. The company, of which he is chairman, has become the largest holder of Ethereum (ETH) with a portfolio of over $11 billion. He has committed to continuing the accumulation.
Bitcoin’s recovery to $100,000 would benefit Strategy by boosting the value of its Bitcoin holdings. It now holds 649,870 coins worth $59.9 billion, with a BTC surge to $100k bringing its holdings to over $64 billion. A recovery would also boost investor sentiment in the industry.
MSTR stock price technical analysis
Technical indicators suggest the Strategy share price may rebound in the coming days or weeks. For one, there are signs that it has become extremely oversold, with the Relative Strength Index falling to 23, it lowest level this year. It is common for a highly oversold asset to bounce back as investors buy the dip.
Other top oscillators have also dropped to extreme levels. For example, the Stochastic Oscillator has moved to the lowest level this year, while the True Strength Index has turned red.
Therefore, the most likely MSTR stock price forecast is moderately bullish, with the initial target being at $230, its lowest point in February, March, and April. A move to that level will be a break-and-retest, a common bearish continuation signal.
