If you’ve been tracking Bitcoin’s price movements, you may have noticed that it’s struggling to hold levels consistently above $90,000. This prolonged consolidation has sparked speculation about whether the cryptocurrency is gearing up for its next big move. The broader positive sentiment in the cryptocurrency market has many analysts predicting a bullish trend for Bitcoin as we enter the final quarter of 2024. However, the momentum still appears to be building slowly. One key indicator of network activity—new Bitcoin addresses—has shown signs of growth recently. Despite this, the number of new addresses remains insufficient to drive the level of interest and trading volume needed for a significant price surge. My expectation is that if the number of new addresses approaches or surpasses 4
$Riot Platforms(RIOT)$ $Bitfarms Ltd.(BITF)$ Bitcoin hit record high at $74,800. Many crypto investors have rooted for Trump to defeat Vice President Kamala Harris, since the former president has promised to promote the crypto industry in the U.S. if he wins. This has caused all crypto related stocks to surge
$SUPER MICRO COMPUTER INC(SMCI)$ $Yieldmax Smci Option Income Strategy Etf(SMCY)$ Supermicro, a leader in server technology, is showing promising signs of recovery and are looking brighter , much to the benefit of its investors. Recently, the company hired BDO, the fifth-largest public accounting firm, to serve as an independent auditor. This partnership bolsters Supermicro’s credibility and significantly improves the company’s ability to file its annual 10-K report promptly. Such an action would also reduce the likelihood of Supermicro being delisted from the Nasdaq, a concern that has been looming over the company. Supermicro’s ability to resolve accounting is
The U.S. stock market, particularly the S&P 500, has been reaching new heights, with many stocks hitting all-time highs. This upward trend raises the question of how much further the market can go. Despite high valuations, I believe the S&P 500 is likely to reach 6,500 over the next few years. The foundation for this growth lies in strong corporate earnings, the ongoing economic recovery, and confidence from institutional investors. The current rally in the S&P 500 is driven by several factors, notably the impressive earnings reports from many of its constituent companies. Despite the challenges posed by the pandemic, businesses have shown resilience, reflecting the strength of the broader economic recovery. With unemployment falling and consumer confidence rising, the U.S. eco
$Serve Robotics Inc.(SERV)$ As a relatively new IPO, less than six months old, the company has already shown significant growth potential. Just three months ago, it experienced a remarkable parabolic surge, gaining over 700%.
$CleanSpark, Inc.(CLSK)$ $Marathon Digital Holdings Inc(MARA)$ $Riot Platforms(RIOT)$ $Bitfarms Ltd.(BITF)$ 🔥🥵Senator Lummis reaffirms that the US Treasury Department will buy 1 million Bitcoin The goal of this strategic reserve is to halve the national debt by 2045 and make the United States a leading country in financial innovation. Senator Cynthia Lummis has reaffirmed her plan to establish a strategic Bitcoin reserve fund after Donald Trump is elected as the 47th President of the U
Bitcoin could reach $100K in the near term as the current bull run remains strong. Analysts predict it may even climb to $120K. The $100K level is significant, as many investors might take profits, causing a temporary pullback. However, increasing institutional investment, especially from companies like MicroStrategy, is driving demand and reducing supply, which supports higher prices. As Bitcoin gains attention, fear of missing out (FOMO) could push prices higher. Additionally, potential crypto-friendly policies under a Trump administration may boost market confidence. Considering these factors, I expect Bitcoin to hit $100K soon and plan to gradually take profits near this level while staying prepared for further gains.