The video discusses a bullish double bottom pattern emerging on Strategy’s price chart, indicating a potential shift to a bullish trend. The TradingView Coindesk chart shows a double bottom in MSTR around 230 since late February, with the neckline resistance at around 321. A price move through that resistance would confirm the double bottom breakout and signal a renewed bull run. Double bottoms and double tops have low failure rates according to CMT books, meaning breakouts and breakdowns usually lead to extended price rallies or sell-offs. Additionally, Strategy plans to buy half a billion more Bitcoin by issuing five million shares of Strife, a Series A perpetual preferred stock with a fixed 10 percent annual cash dividend. This new series will offer a higher dividend than the original issuance, sweetening the deal to raise more Wall Street capital. If the dividend is unpaid, the interest will compound at an additional 1 percent per year. For more crypto news updates and price analysis, viewers are directed to Coindesk.com.
