Analysts warn MSTR could fall to $120 as bearish charts form and Peter Schiff criticizes MicroStrategy’s Bitcoin-focused strategy.
MicroStrategy shares remain under pressure as analysts point to further downside risk.
Bearish technical signals have emerged while criticism of the company’s Bitcoin-focused strategy has intensified. Market participants continue to link the stock’s performance closely to Bitcoin price movements.
Analysts Flag Technical Weakness in MSTR Stock
Several market analysts have identified a bearish setup forming on MicroStrategy’s weekly chart.
Chartered Market Technician Aksel Kibar pointed to a long-developing topping structure. He stated that the pattern suggests further downside continuation.
Based on the chart projection, he estimated a potential move toward the $120 level.
Kibar also noted that the stock has broken below a multi-month support band. Recent price action shows lower highs forming across successive swings.
These technical signals often reflect weakening momentum and reduced buyer participation.
At the time of writing, MSTR was trading near $146, according to TradingView data. The stock rebounded slightly from a recent 52-week low near $143.
Despite the rebound, shares remain down more than 7% year-to-date.
Longer-Term Bottom Still Unclear, Analysts Say
Other analysts have focused on longer-term cycle behavior. Market analyst Ted Pillows observed that MSTR has lost its prior monthly upward trend.
He added that the stock is now trading below key trend and momentum indicators. This positioning suggests limited near-term strength.
Michael Saylor’s $MSTR has lost its monthly uptrend.
This is really bad for Bitcoin. pic.twitter.com/S5lGo1p7d4
— Ted (@TedPillows) January 29, 2026
Crypto analyst Benjamin Cowen referenced historical cycle data for MicroStrategy. He noted that the previous major cycle required 98 weeks to reach a bottom.
Using a comparative model, he suggested a possible cycle low could form around late 2026 if the pattern repeats.
A trader known as The Great Mattsby identified a nearer technical level of interest around $130.
The zone was derived using Fibonacci retracement levels and horizontal support. Traders continue to watch this area for potential price reactions.
Related Reading: VanEck Increases Exposure to MSTR as Matthew Sigel Corrects NYT Claim
Schiff Criticizes Bitcoin Strategy as Losses Mount
Economist Peter Schiff renewed criticism of MicroStrategy’s Bitcoin treasury strategy.
In a post on X, he stated that MSTR shares are nearly 70% below their peak. He attributed the decline to the company’s heavy exposure to Bitcoin.
$MSTR closed down 9.5% today, a new 52-week low. The stock is down nearly 70% from its high. @Saylor spent $54 billion over the past five years buying over 712K bitcoin at an average price of just over $76K. His total unrealized gain is less than 11%. Too bad he didn’t buy gold!
— Peter Schiff (@PeterSchiff) January 29, 2026
According to Schiff, the company spent more than $52 billion acquiring over 700,000 Bitcoin.
He cited an average purchase price above $76,000 per coin. Schiff added that the company reported an unrealized loss of $17.44 billion during the fourth quarter of 2025.
Schiff also compared Bitcoin performance with gold. He said the firm’s reported gains from Bitcoin over five years were limited. He argued that gold would have delivered stronger results.
Schiff added that central banks continue to favor gold as a reserve asset, citing its historical role during periods of market stress.