$MicroStrategy(MSTR)$ $CME Bitcoin - main 2501(BTCmain)$ $Riot Platforms(RIOT)$ $Coinbase Global, Inc.(COIN)$ $CleanSpark, Inc.(CLSK)$
π―πππ Bitcoinβs Next Big Play, Bull or Bear, Spotlight on Crypto Giants! ππ»π―
The buzz is real, whispers of a Ross Ulbricht pardon could catapult Bitcoin into the spotlight once again. Will it light up the charts or send jitters through the market? Letβs dive into the action, with a sharp focus on Bitcoin-heavyweight stocks dominating the game.
π Bullish Beacon:
β’ Media Mania: Expect a newsstorm that could reignite retail and institutional interest in Bitcoin. π°π
β’ Community Power Up: Decentralisation advocates may celebrate this as a symbolic win. βπ
β’ Speculative Wave: Big movers like MicroStrategy (MSTR) could see massive momentum as traders anticipate gains. ππΈ
π Bearish Shadows:
β’ Regulatory Clouds: Renewed scrutiny might stir concerns about tighter cryptocurrency regulations. π¨π
β’ Profit Taking: A sudden spike could prompt savvy traders to lock in gains, causing temporary dips. π±π
π Bitcoin Titans to Track:
Watch these high-volume crypto connected stocks for potential breakout opportunities,
β’ πΌ MicroStrategy (MSTR):
Bitcoinβs corporate kingpin with 150,000+ BTC reserves.
β’ Current Price: $990.25 (as of 20 Jan 2025)
β’ Analystsβ Ratings:
π’ Buy: 19
π‘ Hold: 7
π΄ Sell: 3
β’ πΌ Coinbase (COIN):
The go-to platform for US crypto trading and Bitcoin liquidity.
β’ Current Price: $225.75 (as of 20 Jan 2025)
β’ Analystsβ Ratings:
π’ Buy: 21
π‘ Hold: 10
π΄ Sell: 2
β’ πΌ Riot Platforms (RIOT):
Mining powerhouse riding the Bitcoin wave.
β’ Current Price: $14.30 (as of 20 Jan 2025)
β’ Analystsβ Ratings:
π’ Buy: 14
π‘ Hold: 6
π΄ Sell: 1
π€ Whatβs the Verdict?
Bitcoinβs maturity favours bullish sentiment, but short term volatility looms. Broader market catalysts, like regulation clarity or institutional inflows, could steer the ship. Stay agile and ready for the moves!
π Critical Price Points:
β’ Support: $93,592.42
β’ Resistance: $96,549.00
π’ Tiger Traders, Whatβs Your Prediction?
Will Bitcoin moon π or dip π³οΈ? Are you trading MSTR, COIN, CLSK or RIOT? Share your strategies in the comments, letβs brainstorm the next big play!
π€@TigerGPT: Sentiment Check; Whatβs the latest buzz on MSTR and its role as a Bitcoin proxy, are we seeing bullish sentiment, or should traders stay cautious?
π’ Engage, Like, Repost, and Follow for More! Your go-to for market trends, trading setups, and insights to grow your portfolio smarter. Letβs seize the next wave of opportunities! ππ
Happy Trading Ahead! Cheers, BC πππππ
@Tiger_comments @TigerStars @Daily_Discussion @TigerWire @TigerPicks
Comments
Please find the analysis of the following stocks:
MicroStrategy (MSTR):
Business: MicroStrategy is a business intelligence company that provides analytics and mobility software. It is known for its significant investment in Bitcoin.
Latest Earnings: In the latest quarter (2024Q3), the company reported an EPS of -1.72. The gross profit margin was 70.41%, and the return on investment was -14.63%.
Earnings Forecast: For the full year 2025, the forecasted EPS is -0.41, with a forecasted gross income of 480.37M.
Analysts' Ratings: 21 analysts recommend buying, 10 recommend holding, and 2 recommend selling the stock.
Capital Flow: Over the past 5 days, there has been a net outflow of -11826.21K units.
Support and Resistance Price: The support price is $93,592.42, and the resistance price is $96,549.00.
Riot Platforms (RIOT):
Business: Riot Platforms is a mining company focused on Bitcoin. It operates mining facilities and provides mining hardware and hosting services.
Latest Earnings: In the latest quarter (2024Q3), the company reported an EPS of -0.54. The gross profit margin was 13.98%, and the return on investment was -9.89%.
Earnings Forecast: For the full year 2025, the forecasted EPS is -0.15, with a forecasted gross income of 727.16M.
Analysts' Ratings: 14 analysts recommend buying, 6 recommend holding, and 1 recommends selling the stock.
Capital Flow: Over the past 5 days, there has been a net outflow of -11826.21K units.
Support and Resistance Price: The support price is $11.93, and the resistance price is $13.83.
Coinbase Global, Inc. (COIN):
Business: Coinbase is a cryptocurrency exchange platform that allows people to buy, sell, and store various cryptocurrencies.
Latest Earnings: In the latest quarter (2024Q3), the company reported an EPS of 0.30. The gross profit margin was 84.78%, and the return on investment was 0.16%.
Earnings Forecast: For the full year 2025, the forecasted EPS is 3.8, with a forecasted gross income of 6.35B.
Analysts' Ratings: 5 analysts recommend buying, 7 recommend holding, 15 recommend underperforming, and 1 recommends selling the stock.
Capital Flow: Over the past 5 days, there has been a net outflow of -10.34B units.
Support and Resistance Price: The support price is $291.22, and the resistance price is $324.22.
CleanSpark, Inc. (CLSK):
Business: CleanSpark is a software company that provides microgrid management solutions for energy systems. It is also involved in cryptocurrency mining.
Latest Earnings: In the latest quarter (2024Q4), the company reported an EPS of -0.25. The gross profit margin was 35.99%, and the return on investment was -8.37%.
Earnings Forecast: For the full year 2025, the forecasted EPS is 0.84, with a forecasted gross income of 903.64M.
Analysts' Ratings: 2 analysts recommend buying, 4 recommend holding, and 2 recommend selling the stock.
Capital Flow: Over the past 5 days, there has been a net outflow of -1.37B units.
Support and Resistance Price: The support price is $11.59, and the resistance price is $12.41.
Please note that the above analysis is based on historical data and analyst forecasts. It is important to conduct thorough research and consider other factors before making investment decisions. This information should not be considered as investment advice.
Source: Bloomberg, Tiger Brokers
@Tiger_comments @TigerPicks @TigerWire @Daily_Discussion
I'm still learning about stock and options. I might pass on it for now.
If I had to choose one, I would go with $Coinbase Global, Inc.(COIN)$ .
Great analysis. Thank you
@Tiger_comments @TigerPicks @TigerWire @Daily_Discussion
Great article, would you like to share it?
Great article, would you like to share it?