Block (XYZ) shares are facing significant pressure due to a recent sell-off in Bitcoin (BTCUSD), causing the stock to drop below major moving averages. The stock is currently trading over 25% below its year-to-date high. Technical indicators suggest further downside for Block stock as it breached short, medium, and long-term momentum levels. Despite the recent weakness, Block’s exposure to Bitcoin and raised guidance for the current quarter make it an attractive buying opportunity for long-term investors. Wall Street firms recommend buying XYZ shares on the pullback, with a consensus rating of “Moderate Buy” and a potential upside of 30%.

Read more at Barchart: As Bitcoin Sells Off, Block Stock Is Now Trading Below All of Its Key Moving Averages. Should You Buy, Sell, or Hold XYZ Stock Here?