Tag: crypto

  • Why MicroStrategy Could Test $500 this Year

    Why MicroStrategy Could Test $500 this Year

    “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…

  • 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…

  • The Top 3 Cryptocurrency Miners to Own on Pullback

    The Top 3 Cryptocurrency Miners to Own on Pullback

    The pullback in cryptocurrencies was a buy opportunity. In fact, every time China makes a threat against cryptocurrencies, we see an inevitable pullback, followed by an inevitable rally. Sure, according to the People’s Bank of China, services offering trading, order matching, token issuance, and derivatives are now prohibited, as are overseas cryptocurrency exchanges that provide…

  • The Top Ways to Trade the Crypto Boom

    The Top Ways to Trade the Crypto Boom

    Cryptocurrencies are in rally mode. Bitcoin is back up to $35.186.  Ethereum is up to $1,353.  Even Dogecoin is up 113% today.  A good deal of that is thanks to retail and institutional interest.  Even Elon Musk added the hashtag #Bitcoin to his Twitter feed, noting, “In retrospect, it was inevitable.” BlackRock filed prospectuses for…