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MicroStrategy: MSTR just can't falter as Bitcoin holds onto $71K

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MicroStrategy stock (MSTR) gained another 7% on Tuesday, protecting shareholders from a worrying candlestick pattern at the start of the week.

MicroStrategy stock climbed more than 7% on Tuesday. That performance follows Monday's 4% gain. CEO Michael Saylor says the firm has acquired another 12,000 BTC. Daily chart shows

stock ended the day with a gain of 4% and a bearish Shooting Star Candlestick. But Tuesday’s performance made certain that MicroStrategy is still in rally mode with shares ending the session up 7.35% at $1,593.35. Bitcoin dipped to $69K during the session before surging back to the area around $71K. The S&P 500, which will likely soon need to include MicroStrategy due to its market cap reaching $27 billion, gained 1.12%, while the NASDAQ did it one better at 1.53%.

daily stock chart The weekly chart below, on the other hand, shows just where

 

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