Read Also: Strategy Stock Is Sliding Tuesday: What’s Going On?

Strategy Stock: A Technical Tug-of-War

Chart created using Benzinga Pro

Strategy's current $281.44 stock price is flashing mixed signals:

• Bullish: The eight-day SMA ($273.26) and 20-day SMA ($277.95) suggest buying pressure is building.
• Bearish: The 50-day SMA ($318.59) and the negative MACD (-10.72) signal a downtrend.
• Long-term strength: The 200-day SMA ($239.27) still supports the bulls.

Saylor's Strife — And Schiff's Slam

Michael Saylor, Bitcoin's (CRYPTO: BTC) most vocal corporate bull, just doubled down, announcing $STRF (“Strife”), a new perpetual preferred stock offering aimed at institutional investors.

But gold bug and crypto critic Peter Schiff wasn't having it.

“This is ridiculous. It’s a pathetic Hail Mary to keep the air from coming out of the Bitcoin bubble,” Schiff declared, warning that once the Trump administration's backing disappears, “it's all over for Bitcoin and $MSTR.”

With technicals in limbo and the Bitcoin debate raging on, Strategy remains one of the most polarizing stocks on the market. Who wins this round — Saylor or Schiff?

Read Next:

• Strategy Announces $500 Million STRF Preferred Stock Offering To Boost Bitcoin Investments

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