Watch These Strategy Price Levels as Stock Continues to Surge Alongside Bitcoin

Timothy Smith

Tue, May 20, 2025, 4:27 PM 3 min read

Shares of Strategy, the world's largest corporate holder of bitcoin, have soared 75% from their April low, tracking a recovery in the cryptocurrency and other risk-on assets.
The stock has climbed back toward its record high following a retracement to the 50-day moving average in March.
Investors should watch key overhead areas on Strategy's chart around $440 and $945, while also monitoring crucial support levels near $230 and $180.

Shares of Strategy (MSTR), the world's largest corporate holder of bitcoin that until recently was known as MicroStrategy, rose again Tuesday as the digital currency continued rising.

The stock, which provides investors with a leverage bet on bitcoin's price, had gotten a boost to start the week after the company announced its latest purchase of the cryptocurrency. According to a regulatory filing on Monday, Strategy purchased 7,390 bitcoin between May 12 and 18, taking its total holding to 576,230 BTC, currently worth more about $61 billion based on bitcoin's recent price.

Strategy shares have soared 75% from their April low, tracking a recovery in the price of bitcoin and other risk-on assets as investor concerns about global trade tensions and their potential economic impact have subsided. Bitcoin surged above $107,000 on Tuesday, hitting its highest level since January and approaching its record high of just over $109,000.

Below, we take a closer look at Strategy’s weekly chart and apply technical analysis to point out key price levels that investors will likely be watching.

Record High Remains in Focus

Since the 50-day moving average (MA) crossed above the 200-day MA in January last year to form a bullish golden cross pattern, Strategy shares have continued to trend sharply higher.

More recently, the stock has climbed back toward its record high throughout April and May following a retracement to the 50-day MA in March. However, it's worth noting this move has occurred on significantly less trading volume than the two most prior uptrends, indicating that larger market participants may remain on the sidelines.

Let’s identify two key overhead areas on Strategy’s chart to watch if the shares continue their bullish move, while also locating crucial support levels worth monitoring during corrections.

Key Overhead Areas to Watch

A move higher from current levels could bring the $440 level into play. This area may provide overhead resistance near a brief consolidation period that developed on the chart shortly after the stock set its record high last November.