MicroStrategy MSTR Stock Soars as BTC Gains on Trump Optimism, Targets May Highs

After a sharp decline yesterday, MicroStrategy shares rallied today, mirroring a recovery in Bitcoin prices and renewed optimism in crypto..

Written by: Skerdian Meta • Wednesday, July 2, 2025 • 2 min read

• Last updated: Wednesday, July 2, 2025

MSTR Stock Jumps Over 7% After Recent Selloff, Tracks Bitcoin Recovery

Quick overview

MicroStrategy shares rebounded sharply today after a significant decline yesterday, reflecting a recovery in Bitcoin prices.
The stock opened higher and surpassed the $400 mark, driven by positive market sentiment and technical support levels.
Broader enthusiasm in cryptocurrency-linked stocks was bolstered by hopes for continued crypto-friendly policies from the Trump administration.
Traders are now focused on key technical levels, with targets set at $430 and $535 for potential further gains.

After a sharp decline yesterday, MicroStrategy shares rallied today, mirroring a recovery in Bitcoin prices and renewed optimism in crypto-friendly policy signals.

MicroStrategy’s Impressive Reversal

MicroStrategy (NASDAQ: MSTR) delivered one of the day’s most notable stock market performances. After slumping 7.7% yesterday and closing at $373.30 following a gap-down open, the stock reversed course today. It opened higher at $383.35 with a bullish gap and climbed steadily, pushing back above the $400 mark by the afternoon session.

This strong rebound aligns with Bitcoin’s own recovery, which saw a roughly $4,000 bounce this week after last week’s decline. As the largest corporate holder of Bitcoin in the world, MicroStrategy’s stock remains highly sensitive to Bitcoin price movements. The link was clear again today as MSTR’s daily chart showed the price bouncing off the 50-day simple moving average (SMA), a key support level that provided the technical foundation for the rally.

Market Context and Political Tailwinds

Early trading also saw broader enthusiasm in cryptocurrency-linked stocks, supported by general market sentiment and hopes that President Donald Trump’s administration will continue to be crypto-friendly. While the Senate ultimately passed Trump’s flagship tax-and-spend bill on Tuesday without last-minute crypto-specific tax relief provisions, many investors interpreted its passage as a sign of political stability and potential future support for the industry.

Trump and some family members have their own crypto initiatives, and the administration is widely seen as favorable toward Bitcoin and digital assets. This perception has reinforced optimism in the sector, adding fuel to today’s move.

Key Technical Levels to Watch

For MicroStrategy, buyers now have their sights set on reclaiming important technical levels. The first near-term target is the May high around $430, while the broader bullish camp is eyeing the 2024 high of $535 as the next big milestone if momentum continues.

Conclusion: Today’s sharp rebound underscores MicroStrategy’s continued volatility and its deep ties to Bitcoin’s price action. With political developments and market sentiment favoring further gains, traders will be watching these key levels closely to see if MSTR can extend its rally in the days ahead

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ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.