$CleanSpark, Inc.(CLSK)$ $Riot Platforms(RIOT)$ $Marathon Digital Holdings Inc(MARA)$ $Valkyrie Bitcoin Miners ETF(WGMI)$ $Bitwise Crypto Industry Innovators ETF(BITQ)$
🔺Bullish
‼️🚨🎯🌟🎯🌟🎯 Bitcoin’s BIG Moment: The Golden Cross Supercharge! Will You Ride the Rocket or Stay on the Launchpad? 🎯🌟🎯🌟🎯‼️🚨
Kia ora Tiger traders!
Strap in because this week, Bitcoin is lighting up the charts! With the first-ever 100/200 W Golden Cross, crypto enthusiasts are asking: Is this a green light to the moon or just a blip on the radar? Let’s break it down, to get you geared up for your next trade! 🚀✨
🔥 What’s This “Golden Cross” Fuss? And Why Should You Care? 💰
💡 Golden Cross Decoded: In plain speak, the Golden Cross is the intersection of the short-term and long-term moving averages. Think of it like Zeus and Poseidon joining forces ~ it’s earth-shaking power! 📈 In this case, Bitcoin’s 100-week moving average just crossed the 200-week moving average ~ this signals a potential bull market that’s ready to rumble! 🐂
💪 Historical Rocket Fuel:
When we’ve seen this in other assets, it’s been a major green light for gains. Bitcoin has been no stranger to these runs before, sometimes rocketing over 200% in the following months. 🚀 So yeah, the bulls are eyeing the next launch window for this digital powerhouse!
🔮 Fun Fact:
The last time Bitcoin had a major Golden Cross in 2021, it led to the legendary bull run that touched $69K. Could history repeat itself with this year’s cross?
🕵️♀️🔎 Let’s Zoom in on the Charts:
Key Resistance & Support Levels 🎯
Want to trade like a legend? Keep these levels in your sights:
🟣 Resistance “Uh-oh” Zones:
• $67,556: Break this and we could be in for fireworks!
• $62,824: The next test for BTC bulls.
🔵 Support “Safety Net” Levels:
• $56,263: We’ve already bounced here!
• $54,978: Strong support ready to catch any dips.
Will Bitcoin blast off, or will September’s historically red month pull the rug? 🧐 All eyes are on October, which has been a boomer month for Bitcoin in the past! 📅
⚒️ ⛏️ Bitcoin Mining: Top Stocks You Need to Know ⚒️⛏️
Feeling bullish on Bitcoin? Then check out these miners and top traded stocks that could benefit from Bitcoin’s next rally. When Bitcoin pumps, these companies tend to print money faster than a meme stock on Reddit:
🟢 Top Bitcoin Mining Stocks by Volume:
🟢 Marathon Digital Holdings (MARA) ~ Mining Bitcoin like there’s no tomorrow! 💎
🟡 Riot Platforms, Inc. (RIOT) ~ These guys are the rockstars of Bitcoin mining. 🤘
🔴 Hut 8 Mining Corp. (HUT) ~ Crushing it in Canada, HUT 8 is all-in on BTC mining. 🍁
🔵 Bitfarms Ltd. (BITF) ~ Another powerhouse, mining Bitcoin with precision. 💣
🟠 Cleanspark, Inc. (CLSK) ~ Energizing Bitcoin mining with clean energy solutions! ♻️⚡
📈⛏️ Top Traded Bitcoin Mining ETFs by Volume 💰⛏️
If you’re bullish on Bitcoin mining and want broad exposure through ETFs, here are the top five highest-volume Bitcoin mining ETFs for 2024:
🟢 Valkyrie Bitcoin Miners ETF (WGMI)
• AUM: $69.1 million
• YTD Performance: 344.70%
This ETF focuses on companies directly involved in Bitcoin mining and has shown massive returns this year. ⚒️💎
🟡 Bitwise Crypto Industry Innovators ETF (BITQ)
• AUM: $151.6 million
• YTD Performance: 266.81%
BITQ offers exposure to a diversified portfolio of crypto industry innovators, with a strong emphasis on Bitcoin mining firms. 🌐📈
🔴 Grayscale Bitcoin Trust (GBTC)
• AUM: $22.7 billion
This trust, now converted to an ETF, holds the most significant volume, giving investors direct exposure to Bitcoin itself. 💰🚀
🔵 VanEck Bitcoin Trust (HODL)
• AUM: $175 million
• Expense Ratio: 0.25%
VanEck’s HODL ETF contributes to Bitcoin development, offering exposure to Bitcoin miners while supporting ecosystem growth. 🌍💡
🟠 Invesco Galaxy Bitcoin ETF (BTCO)
• AUM: $341 million
• Expense Ratio: 0.25%
Partnering with Galaxy Digital, this ETF provides efficient access to the Bitcoin market, particularly through advanced crypto trading strategies. 💼🔍
🧠 Analysts Are Buzzing: Here’s What They’re Saying! 📢
🗣 Mike McGlone (Bloomberg): “The Golden Cross is a trigger event for long-term bulls. Bitcoin is ready to shatter some ceilings.”
🗣 Tom Lee (Fundstrat): “Bitcoin is poised for a major rally ~ $70K is totally in play by December.”
🗣 Katie Stockton (Fairlead Strategies): “Despite a weak September, the Golden Cross sets Bitcoin up for a bullish end to the year. Watch out for resistance at $62K.”
🗣 Glassnode Report: “BTC supply on exchanges is at an all-time low, suggesting that HODLers are holding strong. This is a bullish sign for long-term investors.”
🗣 Messari Research: “Bitcoin’s network strength is at unprecedented levels, fueling expectations of a significant rally.”
🎯 How to Play the Golden Cross: A Game Plan for Tiger Traders! 🎮
Hey Tiger Traders, the ball’s in your court! Will you:
✅ Position yourself to ride the October Bitcoin Bull Express?
✅ Scoop up some of those juicy mining stocks ready to pop off with Bitcoin’s next move?
Or… will you wait for the storm ⛈️ clouds of September to pass before loading up?
What do you think? Will we see Bitcoin touch $70K by the end of 2024, or will this be another false start?
Break it down for me: What’s the statistical probability of Bitcoin following through on a Golden Cross rally given the looming economic conditions@TigerGPT
Happy BTC trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerStars @TigerPicks @Daily_Discussion @TigerWire @TigerOptions @SPACE ROCKET
Modify on 2024-09-06 13:17
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
CleanSpark, Inc. (CLSK) has recently maintained a price target of $23.00 per share by Cantor Fitzgerald, which is likely contributing to its movement. You can find more details about the rating actions on Benzinga's analyst ratings page.
It's important to note that when there is no available news or the news is irrelevant, we analyze the stock's movement based on capital flow data. According to the capital flow data over the last day, there has been a total inflow of $69.44 million and a total outflow of $72.80 million for CLSK. The data shows a big inflow of $14.34 million, a median inflow of $6.24 million, and a small inflow of $48.85 million. On the outflow side, there is a big outflow of $15.56 million, a median outflow of $7.39 million, and a small outflow of $49.85 million.
Please note that capital flow data provides insights into the overall buying and selling activity surrounding a stock. It can contribute to short-term price volatility but does not necessarily reflect the long-term fundamentals of the company.
Keep in mind that stock movements can be affected by various factors, including news, market sentiment, economic conditions, and company-specific developments. Therefore, it's recommended to conduct thorough research and analysis before making any investment decisions.
Disclaimer: The information provided here is for informational purposes only and should not be taken as investment advice. The analysis is based on available data and does not guarantee future performance. Always do your own research before making any investment decisions.