Strategy Approaches 200-Day Average as Bitcoin Hits One-Month High

Strategy (MSTR) is nearing its 200-day simple moving average (200SMA), a significant technical indicator for tracking long-term trends. MSTR's current price is just above $350, slightly below the 200SMA of $355.
The stock has been under the 200SMA since late August, with previous weakness observed in April during tariff-related market volatility.
On Thursday, MSTR shares increased by 6%, bouncing back from a support line tested last September and April.
This rally is aligned with bitcoin's rise, approaching $118,000, marking a near one-month high. Bitcoin has increased by over 8% in September, on track for its best September performance since at least 2013.
Year-to-date, MSTR has gained 18%, while bitcoin has risen by 22%.
In contrast, other companies in the bitcoin treasury sector are experiencing declines. Japan’s Metaplanet saw a 10% drop on Thursday and is down almost 75% from its peak.