MicroStrategy’s Premium Is Fading – Time to Brace for a Drop?

The strong optimism following Trump’s election in November fueled a Bitcoin rally, which in turn led to a massive surge in MicroStrategy’s ( MSTR ) stock.

However, after reaching an all-time high near $550, MSTR experienced a sharp decline. Interestingly, despite Bitcoin hovering around $100K and even attempting a new ATH recently, this momentum hasn’t been reflected in MSTR’s stock price.

From a technical perspective, the price has broken below its ascending trendline and is now consolidating between $320 and $360.
Given the unjustified premium (at least in my opinion), I expect further downside for the stock.

Additionally, if Bitcoin fails to hold the key $90K confluence support, MSTR could see a sharp plunge below $200.