MicroStrategy's valuation has completely detached from bitcoin fundamentals, according to Citron Research's Andrew Left, who now hedges his bullish BTC position by shorting MSTR.
MicroStrategy has officially met my criteria for a textbook parabolic short, according to technician Bracco, who observed multiple signs of speculative trading patterns.
The stock's high valuation enables MicroStrategy to raise capital at favorable prices, allowing further investments in bitcoin, which has contributed to its recent stock price surge.
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