Bitcoin-Fueled Rally Boosts Strategy Stock to Two-Month High

Strategy Stock's recent recovery is driven by its $370 million Bitcoin purchase last week. The company's shares recently hit a two-month high alongside Bitcoin trading back above $80,000.

The daily chart shows a bullish bias with price above the 20-day EMA and 50-day EMA, but the 200-day EMA remains far above at $157.67.

Despite this, the daily RSI reads 63.25, signaling buyers remain in control, and the MACD line is positive. The hourly chart's negative MACD crossover complicates the view, however.

The company's aggressive treasury strategy reinforces its tight correlation to crypto markets, which could fuel further gains if Bitcoin sustains its momentum.