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The signal, a golden cross, occurs when a security’s 50-day average price rises above its 200-day average

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For MSTR, which holds $69.81 billion in bitcoin, the cross could happen as soon as Monday.

Key facts

Summary

This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already. Weeks after bitcoin’s (BTC) price chart flashed a major bullish signal, Strategy MSTR, the largest publicly listed accumulator of the cryptocurrency, is about to do the same. The signal, a golden cross, occurs when a security’s 50-day average price rises above its 200-day average. The first happened on Sept. 15, 2020, with the stock at about $15.57.

Read full article at CoinDesk →

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