MSTR Nears 200-Day SMA as Bitcoin Strength Fuels Rebound
18 September 2025
MicroStrategy (MSTR) is edging closer to its 200-day simple moving average (200SMA), a widely watched technical level that smooths price action over the past 200 trading days and signals long-term trend direction.
The stock is trading just above $350, slightly below its 200SMA at $355, a level it has struggled to surpass since 25 August. Thursday’s 6% gain marked a rebound from support last tested in September 2024 and April 2025, echoing earlier periods of resilience this year, including the April “Trump tariff” weakness.
The uptick coincides with bitcoin approaching $118,000, near a one-month high. Bitcoin has gained more than 8% in September, positioning itself for the strongest monthly performance since at least 2013. Year-to-date, MSTR has risen 18%, slightly trailing bitcoin’s 22% advance.
Meanwhile, other firms in the bitcoin treasury sector continue to face pressure. Japan’s Metaplanet (3350) fell 10% on Thursday and remains down nearly 75% from its all-time high.
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