Targowiska Tribune

The post Bitcoin under threat? MSTR’s repeating pattern echoes pre-2022 meltdown appeared com. Key Takeaways Why is MSTR influencing Bitcoin’s outlook? MSTR has formed a bearish fractal pattern-mirroring its 2021-2022 downtrend-and insider selling suggests weakness that historically aligns with BTC declines. What does Bitcoin’s recent 33% drop signal? Such pullbacks often precede steep December losses, hinting at a potentially deeper downturn if selling pressure persists. Strategy (formerly MicroStrategy), the leading corporate holder of Bitcoin, currently holds a portion of its treasury worth $56. 23 billion in the market, and could be a key determinant of the king coin’s next phase. The company, which added 9, 062 Bitcoin [BTC] in November at publication time, has seen its MSTR token plunge into a bearish phase, according to recent analysis. Historically, this has not been favorable for Bitcoin investors. Insider sell-off and emerging fractal patterns MSTR has formed a fractal pattern, a similar movement that previously led the asset into a significant bearish phase that lasted roughly a year between 2021 and 2022. This pattern has now become visible as insiders, including company directors, sell off their MSTR holdings into the open market, with millions of dollars in sales already recorded. So far, the current downtrend that mirrors that move has only covered about 364 days, according to chart data. When overlaid on Bitcoin’s daily chart, the movement shows a striking correlation. While this does not guarantee the same outcome, it suggests that Bitcoin could sweep further to the downside. Notably, MSTR has a Net Asset Value (NAV) multiple of 0. 95, suggesting it is trading at a slight discount relative to its Bitcoin holdings. Bitcoin’s December performance A.