Microstrategy Steps Into 5th Wave That Can Boost Bitcoin

Bitcoin chain by Jadamprostore via iStock

Microstrategy with ticker MSTR is now breaking channel resistance line after a projected complex W-X-Y correction in wave 4, so wave 5 can be now in play, especially if breaks above 400 bullish confirmation level. If we respect a positive correlation with Bitcoin, then BTCUSD could follow soon as well.

Microstrategy Steps Into 5th Wave That Can Boost Bitcoin MSTR vs. BTCUSD Daily Chart
MSTR vs. BTCUSD Daily Chart
www.wavetraders.com

Notice that BlackRock Bitcoin ETF with ticker IBIT is now breaking channel resistance line, so wave »c« of an abc correction in wave 4 can be finished and wave 5 already in progress, especially if breaks 51 area decisively.

IBIT 4H Chart
www.wavetraders.com

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on Monday, March 24 2025:

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