Tag: BTC

  • Bitcoin is Quickly Approaching $60,000

    Bitcoin is Quickly Approaching $60,000

    Bitcoin has been explosive. Over the last day, the digital currency is up nearly $1,853 to $56,383.10 – and could be headed to $60,000 near-term. All thanks to the upcoming Bitcoin halving, a potential U.S. government shutdown, and the fear of missing out (FOMO) among traders. With regards to the halving, “Today is settlement day…

  • How to Trade Bitcoin Downside

    How to Trade Bitcoin Downside

    After exploding from about $27,500 to a recent high of $52,985, Bitcoin has become technically stretched on RSI, MACD, and Williams’ %R. And, after a run like it’s had, BTC is overdue for a breather from current overbought conditions. One way to trade further potential downside is with the ProShares Short Bitcoin (BITI). This one…

  • The Bitcoin FOMO Rally is Far from Over

    The Bitcoin FOMO Rally is Far from Over

    The Bitcoin rally is just getting underway. In fact, after crossing the $50,000 threshold, it could see higher highs. According to analysts at Bernstein, “Bitcoin’s best days are yet to happen as the ETF-driven market fuels fears of missing out (FOMO). In this context, they believe BTC is well-placed to soar to new record highs.”…

  • Top Ways to Trade the Latest Bitcoin Rally

    Top Ways to Trade the Latest Bitcoin Rally

    Bitcoin (BTC) is exploding again. And as long as that lasts, you may want to jump into its beneficiaries, including the mining stocks (Marathon Digital and Riot Platforms) and even stocks in companies with significant BTC holdings, including MicroStrategy (MSTR). Even the ProShares Bitcoin Strategy ETF (BITO) should push aggressively higher. Part of the reason…

  • Top Ways to Trade the Bitcoin Boom

    Top Ways to Trade the Bitcoin Boom

    With Bitcoin still pushing higher, keep an eye on the miners. Last checked, BTC was up to $37,471, and could see $40,000 near-term. All in anticipation of a Bitcoin ETF. In fact, “At least nine asset management firms — including BlackRock, Wisdom Tree, Valkyrie, and others — are waiting for Securities and Exchange Commission approval…

  • MicroStrategy Could See Higher Highs after a Pullback

    MicroStrategy Could See Higher Highs after a Pullback

    “With Bitcoin quickly nearing $31,000, stocks like MicroStrategy (MSTR) are exploding. All in hopes a Bitcoin ETF will finally be approved,” we noted on Oct. 23. “MSTR last traded at $362.45 – up $14.41 on the day—and could push higher after breaking above its 50-day moving average. It’s also now above triple-top resistance. And if…

  • MicroStrategy Breaking Out on Bitcoin Rally

    MicroStrategy Breaking Out on Bitcoin Rally

    With Bitcoin quickly nearing $31,000, stocks like MicroStrategy (MSTR) are exploding. All in hopes a Bitcoin ETF will finally be approved. Helping, according to Bitcoin.com: “Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund…

  • Top Ways to Trade a Potential Bitcoin ETF

    Top Ways to Trade a Potential Bitcoin ETF

    Bitcoin miners could see higher highs. All thanks to the latest rally in Bitcoin, and speculation the US SEC could approve a Bitcoin spot price ETF from BlackRock. In fact, “If [BlackRock’s] Bitcoin ETF is approved, that will open the floodgates of institutional adoption of Bitcoin. As a result, that will likely drive the price…

  • Two Top Ways to Trade the Bitcoin Recovery

    Two Top Ways to Trade the Bitcoin Recovery

    Bitcoin is on fire. All thanks to a growing appetite for risk among investors. In fact, according to Barron’s, “Crypto fundamentals are taking a backseat here and the primary driver is what the overall appetite is for risky assets,” said Edward Moya, an analyst at broker Oanda. If the bottom is finally in, investors may…

  • Marathon Digital Holdings Just Broke Out

    Marathon Digital Holdings Just Broke Out

    Marathon Digital Holdings (MARA) is breaking out beautifully. Last checked, the Bitcoin mining stock was up to $13.44 after bottoming out around $6 just days ago.  From here, we’d like to see the stock run back to $16, near-term.  Longer-term, the stock could potentially test $30. All thanks to a recovery in Bitcoin, which now…