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“With Bitcoin regaining momentum, it’s time to buy oversold Bitcoin stocks,” we said on September 10. “In fact, after finding triple-bottom support dating back to July, the digital currency is up about $1,553 on the day. Last trading at $56,432, we’d like to see it rally back to $64,000 near-term,” we added. It’s done better than that, though. Now up to $65,750, Bitcoin could race back to $70,000 this year. |
Mode Mobile
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Not only is that great news for Bitcoin holders, but also for the Bitcoin-related stocks we mentioned just last week, including: “With more than 1% of all Bitcoin on hand, MicroStrategy (SYM: MSTR) rallies when BTC rallies,” we also noted last week. “Even better, MSTR is technically oversold at $123.74. It’s also oversold on RSI, MACD and Williams’ %R and could rally back to $150 near-term. Helping, Barclays just initiated an overweight rating on MSTR.” Today, MSTR is back up to $172 and could push even higher with Bitcoin. MSTR also added 7,420 Bitcoins to its balance sheet, which now brings its BTC holdings to about 260,000. |
Oxford Club
AI’s NEXT Magnificent Seven
The Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.
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See His Breakdown of the Seven Stocks You Should Own Here.
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Company: Marathon Digital (SYM: MARA) We also said “Bitcoin mining stock Marathon Digital (SYM: MARA) is also oversold. After also catching triple-bottom support dating back to April, MARA is starting to pivot higher, too. It’s also over-extended on RSI, MACD and Williams’ %R and could retest $18 near-term. It could rally even higher if Bitcoin can continue to recover.” At the time of that initial note, MARA traded at $14.80. Today, it’s up slightly at $18. From here, MARA could race back to $25, near term. |
