Tag: BTC

  • It’s Time to Get Bullish on Bitcoin Stocks Again

    It’s Time to Get Bullish on Bitcoin Stocks Again

    Bitcoin may have bottomed out. Fears of further downside in the digital currency appear to be fading, with Germany running out of BTC to sell. “Data from Arkham shows that the wallet used by the German government to transfer BTC is now out of funds,” as noted by FXStreet.com.  “The transfers by the German government…

  • Mining Stocks Exploding After Bitcoin Halving

    “Keep an eye on Bitcoin mining stocks, especially with the halving on April 20,” we noted on April 17. “That includes Marathon Digital (MARA), Riot Platforms (RIOT), and Hut 8 Mining (HUT). As we saw in prior BTC halving events – in 2012, 2016 and 2020 – most of the miners pushed aggressively higher before…

  • Top Ways to Trade the Bitcoin Pullback Today

    Top Ways to Trade the Bitcoin Pullback Today

    Bitcoin could jump back above $70,000. All as it nears its halving event later this month.  After all, according to Blockworks.co., Bitcoin typically does well after these events. One way to trade another round of upside is with the ProShares Bitcoin Strategy ETF (BITO). When Bitcoin pushes aggressively higher, we can look at the Pro Shares Bitcoin…

  • One of the Best Ways to Trade Bitcoin

    One of the Best Ways to Trade Bitcoin

    One of the biggest comeback stories of the year has been Bitcoin. Not only are traders still betting on a potential BTC ETF, but newer FOMO traders are coming in, too. From here, some analysts say BTC could rally to as much as $100,000. Standard Chartered reiterated its call for BTC to hit $100,000 by…

  • Here’s Why Bitcoin Miners Could See Higher Highs

    Here’s Why Bitcoin Miners Could See Higher Highs

    Investors may want to keep an eye on oversold Bitcoin mining stocks, we noted on Jan. 30. Especially with Bitcoin bouncing back from excessively oversold conditions. Analysts at JP Morgan are saying that outflows from Grayscale’s covered spot Bitcoin ETF is largely behind us. “This would imply that most of the downward pressure on bitcoin…

  • It May be Time to Go Long Bitcoin Miners Again

    It May be Time to Go Long Bitcoin Miners Again

    Investors may want to keep an eye on oversold Bitcoin mining stocks. Especially with Bitcoin bouncing back from excessively oversold conditions. Analysts at JP Morgan are saying that outflows from Grayscale’s covered spot Bitcoin ETF is largely behind us. “This would imply that most of the downward pressure on bitcoin from that channel should be…

  • Three Top Ways to Trade the Bitcoin Bounce

    Three Top Ways to Trade the Bitcoin Bounce

    Bitcoin is just beginning to recover. Days ago, Elon Musk sent the digital currency screaming lower after saying Tesla would no longer accept Bitcoin for auto purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining,” as quoted by CNBC. In addition, Musk tweeted, “We are also looking at other cryptocurrencies that use <1%…