$CME Bitcoin - main 2411(BTCmain)$ $Riot Platforms(RIOT)$ $CleanSpark, Inc.(CLSK)$ $MicroStrategy(MSTR)$ 📈 🅱️🆄🅻🅻🅸🆂🅷
🔵🪙💹 Bitcoin: The Next Flight to the Moon? 💹🪙🔵
Kia ora Tiger traders!
Bitcoin ($BTC) is holding steady at $93,631 after a healthy pullback, but make no mistake – I’m long and optimistic that $BTC is gearing up for much higher levels soon! 🚀
Yesterday’s breakdown was the first sign of short-term turbulence, but let’s keep perspective. $BTC is currently testing critical support at $92K, and if this level holds, the runway is clear for takeoff. Mid-level support at $87,500 could come into play, but I believe the market will reward patience as this is likely just a healthy breather before the next leg up.
Historically, Bitcoin thrives after shaking out weak hands. Over the next few months, we’re likely to see another significant run to the top once this dip completes. There’s plenty of time to get back in, but for now, it’s wise to let the market prove this $92K level can hold.
Questions answered:
• Is the bull market over or just a healthy pullback?
This is a textbook healthy pullback. Bitcoin often consolidates before catapulting to new highs.
• Will you go long or short on Bitcoin?
Long and staying bullish! The long-term upside for BTC remains undeniable.
Let’s buckle up, Tiger traders – Bitcoin’s next parabolic move could take us past the psychological $100K barrier. The sky’s not the limit – the moon is! 🌕
Happy trading ahead! Cheers, BC 🍀🍀🍀
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerPM @TigerObserver @TigerGPT
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.
$BTC prices in relations to the M2 global money supply breakout and back-test (see black arrows 🔜 on the chart attached) It seems like the back-test is the "go-ahead" for things to go parabolic within weeks!!! 🚀🚀🚀
Here are the key points regarding the movement of the mentioned stocks:
CleanSpark, Inc. (CLSK): CleanSpark's stock price plummeted 6.89% in pre-market trading on Tuesday. This decline was part of a broader sell-off in cryptocurrency-related stocks, driven by weakness in the price of Bitcoin. Bitcoin experienced a significant decline, trading around $92,500 during Tuesday's session. The movement of CleanSpark's stock is closely tied to the price of Bitcoin. Click here for more details.
Riot Platforms (RIOT): Crypto-related stocks, including Riot Platforms, saw a decline after Bitcoin fell below $92,000. CleanSpark (CLSK) fell 9%, Bit Digital (BTBT) fell 7.8%, MicroStrategy (MSTR) fell over 5%, and Riot Platforms fell 4%. These stocks are closely tied to the price of Bitcoin, as they either hold the crypto or make money from trading fees. The correction in Bitcoin's price has triggered concern among traders. Click here for more details.
MicroStrategy (MSTR): MicroStrategy's stock price fell 6.9% and dropped below the $400 mark. This decline came alongside a general cooling of bullish sentiment in the cryptocurrency market. The stock movement of MicroStrategy is also influenced by its holdings of Bitcoin and crypto-related news. Click here for more details.
Please note that the movement of these stocks can also be influenced by stock capital flow. In the past day, CleanSpark had a net outflow of 1.39 million, Riot Platforms had a net outflow of 7.44 million, and MicroStrategy had a net outflow of 2.57 billion. Capital flow can impact stock prices as investors make decisions to buy or sell shares.
It's important to conduct further research and analysis before making any investment decisions. The mentioned movement reasons are based on available news and capital flow data, and it's important to consider other factors that may affect the stocks' prices.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. It is essential to conduct thorough research and consider your risk tolerance before making any investment decisions.
$BTC prices in relations to the M2 global money supply breakout and back-test (see black arrows 🔜 on the chart attached) It seems like the back-test is the "go-ahead" for things to go parabolic within weeks!!! 🚀🚀🚀
Let's go go go BTC!
$BTC prices in relations to the M2 global money supply breakout and back-test (see black arrows 🔜 on the chart attached) It seems like the back-test is the "go-ahead" for things to go parabolic within weeks!!! 🚀🚀🚀
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