The post Strategy (MSTR) and Coinbase (COIN) poised to break higher appeared on BitcoinEthereumNews.com.

In the traditional world of stocks, Bitcoin-related companies are on the increase. That said, the first two companies to go this route are Coinbase (COIN) and Strategy (MSTR). Both are potentially ready to break higher. $COIN faces big resistance levels Source: TradingView The daily chart for $COIN shows that the price action has traversed roughly sideways within a triangle since 2022. If we then look at the more recent price action, it can be seen that the price did escape the triangle, only to form an M pattern, and sink back into the triangle again.  If one takes a measured move of the M pattern, it can be noted that the price fall came down exactly to the full extent of this move, which also happened to be the bottom trendline of the triangle. Currently, the price is rising back up, but has to contend with the resistance band at $194 to $205. If this can be overcome, the path is clear to the top of the triangle.  $MSTR weekly chart incredibly bullish Source: TradingView The weekly chart for $MSTR is looking extremely promising. The current weekly candle has broken out of the descending channel/bull flag, and it just remains for this candle to close above the trendline, or even better, above the $340 resistance, in order to surge much higher in the coming weeks. The Stochastic RSI at the bottom of the chart has both indicator lines heading back up, and they have already passed the 20.00 level, so strong upside price momentum can help to propel $MSTR higher. All dependent on Bitcoin Both $COIN and $MSTR depend on Bitcoin going higher of course, and as long as the king of the cryptocurrencies continues its current trend reversal, the rest of the Bitcoin-related market should follow. While $COIN is…

---

Filed under: News - @ April 24, 2025 10:28 pm