Strategy poised for golden cross as bitcoin rallies

Strategy (MSTR), holding $69.81 billion in bitcoin, is about to form a golden cross, with its 50-day average price rising above its 200-day average, potentially as soon as Monday. This technical signal appeared weeks after bitcoin confirmed its own golden cross on Sept. 8, which has driven the cryptocurrency up nearly 5% to around $82,000. Since Strategy began accumulating bitcoin in August 2020, the stock has experienced two prior golden crosses, both followed by significant rallies, though the signal's historical accuracy stands at only 50%.