41 days is the time frame for this idea, aligning with the Inauguration date.
BTC has been trading with $97,300 as a fulcrum point for movement. When it’s trading below that price, it acts as resistance; above that price, it becomes support.
Pre-Inauguration: I've identified a bullish channel and believe steady gains are possible from now until the election. While this seems possible, there’s also a chance of BTC falling well below $90K, so buyers beware.
Post-Inauguration: I’m very bullish on BTC and can envision a new price floor of $100K. The Trump administration is clearly favorable toward BTC, with many of his people having holdings. Additionally,
MSTR remains extremely bullish.
From a recent TradingView article:
"MicroStrategy’s Michael Saylor is wasting no time, buying straight near the top… acquiring 21,550 Bitcoin last week [$2.1 billion] at an average price of $98,783 per coin."
MicroStrategy uses BTC to enhance its earnings and treasury and is currently the largest corporate holder of Bitcoin.
The next 4yrs, at least, look very promising.
----------------------------------------------------------------------------------------------------------------------
I’m currently holding a small position in $BITO. Hopefully, this thang tumbles a bit before Jan. 20 so I can scoop up more shares. I’m particularly drawn to BITO because of its impressive 52.87% dividend yield.
BTC has been trading with $97,300 as a fulcrum point for movement. When it’s trading below that price, it acts as resistance; above that price, it becomes support.
Pre-Inauguration: I've identified a bullish channel and believe steady gains are possible from now until the election. While this seems possible, there’s also a chance of BTC falling well below $90K, so buyers beware.
Post-Inauguration: I’m very bullish on BTC and can envision a new price floor of $100K. The Trump administration is clearly favorable toward BTC, with many of his people having holdings. Additionally,
MSTR remains extremely bullish.From a recent TradingView article:
"MicroStrategy’s Michael Saylor is wasting no time, buying straight near the top… acquiring 21,550 Bitcoin last week [$2.1 billion] at an average price of $98,783 per coin."
MicroStrategy uses BTC to enhance its earnings and treasury and is currently the largest corporate holder of Bitcoin.
The next 4yrs, at least, look very promising.
----------------------------------------------------------------------------------------------------------------------
I’m currently holding a small position in $BITO. Hopefully, this thang tumbles a bit before Jan. 20 so I can scoop up more shares. I’m particularly drawn to BITO because of its impressive 52.87% dividend yield.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.