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MARA HOLDINGS

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MARA looking bullish Inverted H&S with momentum coming. Marathon Digital Holdings (NASDAQ: MARA) is currently riding a wave of bullish sentiment, propelled by several key factors that intertwine the worlds of cryptocurrency mining and market technical analysis. As a prominent player in Bitcoin mining, Marathon Digital's prospects are closely linked to the movements and milestones of Bitcoin itself. Bitcoin's Momentum: Bitcoin's price momentum is a critical driver for Marathon Digital's bullish outlook. As the value of Bitcoin increases, so does the potential revenue for miners like Marathon Digital. This relationship is because miners earn Bitcoin as a reward for validating transactions and securing the network. When Bitcoin's price rises, the value of these rewards increases, making mining operations more profitable. Recent analyses suggest that the demand for Bitcoin is growing, which could lead to higher prices and increased mining revenue. Approaching Bitcoin Halving: A particularly significant event for Bitcoin—and by extension, Marathon Digital—is the upcoming Bitcoin halving, expected in 2024. Halving events, which occur approximately every four years, reduce the reward for mining new blocks by 50%. While this might seem counterintuitive as a bullish signal, halvings have historically led to price increases in the months following the event. This is partly because the reduced supply of new Bitcoins coming into circulation can lead to scarcity, pushing prices up if demand remains steady or increases. Marathon Digital is well-positioned to benefit from this, especially given its efforts to expand mining capacity and cut costs, thereby potentially maximizing profits during and after the halving. Inverted Head and Shoulders Pattern: From a technical analysis perspective, an inverted head and shoulders pattern observed in Marathon Digital's stock chart adds another layer of bullish sentiment. This pattern is often interpreted as a reversal pattern that signals the end of a downtrend and the beginning of an uptrend. For investors and traders who follow technical analysis, such patterns can serve as a buy signal, leading to increased buying pressure and potentially higher stock prices. Marathon Digital's strategic moves to double its mining capacity and reduce operational costs by 30%, in preparation for the 2024 halving, align with these bullish indicators. Together, Bitcoin's current momentum, the anticipation around the halving event, and positive technical analysis patterns like the inverted head and shoulders create a compelling case for optimism around Marathon Digital Holdings. In conclusion, multiple factors contribute to a bullish outlook for Marathon Digital Holdings. The company's fortunes are closely tied to those of Bitcoin, and with positive momentum in the cryptocurrency space, an approaching halving event that could reduce supply while demand remains strong, and favorable patterns in technical analysis, there's a solid foundation for bullish sentiment among investors and analysts alike. Targets: 48, then 64 and beyond
NASDAQ:MARALong
by holacarlosmartinez
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
NASDAQ:MARA
by DHF82
Mara to 1500$ - Bitcoin the new institutional treasure.Marathon digital holdings - literally takes sun light(solar power) and makes money from it. The biggest company in the world to create all those bitcoins that everyone suddenly started loving. People don't really understand how important is Mara and how big the whole thing gonna get. "Marathon Digital Holdings Expands Deployments with Compute North, Powered by One of the Largest Renewable Energy Providers in North America"
NASDAQ:MARALong
by millcraft
3
Will MARA get a Crypto ETF pump?I've held MARA for quite a while now and it has been one of the best performers in my portfolio. For me it was to be able to buy into the Bitcoin speculation without having to directly buy Bitcoin. Whenever BTC went up, Mara behaved like an leveraged stock and would rise more significantly. When BTC went down, Mara of course would follow. It will be interesting to see how the market digests news of the new Crypto ETFs being approved into the mainstream by the SEC today. Might be one to watch.
NASDAQ:MARA
by zAngus
6
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024. - Breakout level is 21 - Initial target = 35-38 by early March 2024 (before earnings) - Watch out for possible resistance around 25-27, but should break through it easily - After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024. ~The black arrow/path is my forecast to initial target.
NASDAQ:MARALong
by JerryManders
20
$MARA - Week of 2/12/24NASDAQ:MARA mid-term bullish, dependent on BTC action and overall market conditions Looking for a hold over 22.50, ideally a retest of 23-22.50 zone for entry Targeting the 26.60 - 26.80 range, with a reach of the 31-33 zone. TP1 @ 24.36 TP2 @ 25.20 TP3 @ 26.60 TP4 runners @ 31 Would be interested in the 3/1 25c. Expecting some chop and an inside day, and would also prefer to buy some extra time for the reach potential Stock is above all EMAs, and EMAs are in a bullish trend (9,20,50,100,200 from top to bottom) RSI showing strength Strong bounce with volume off the weekly TL BTC over 48k with strength during writing
NASDAQ:MARALong
by D_Rockefeller
Marathon Digital (MARA) Bucks Production Dip with 23% SurgeMarathon Digital Holdings Inc ( NASDAQ:MARA ) has defied expectations with a remarkable 23% surge in its stock value, despite a notable 42% decline in Bitcoin production for the month of January. The company's resilience in the face of adversity has captured the attention of investors, highlighting the enduring allure of the cryptocurrency market. The surge in Marathon's ( NASDAQ:MARA ) shares comes as Bitcoin, the bellwether of the digital asset space, inches closer to the $47,000 mark. This upward trajectory has catalyzed a broader rally in U.S. stock market crypto-related companies, underlining the symbiotic relationship between Bitcoin's price movements and the performance of associated entities. January's production figures for Marathon tell a tale of challenges and perseverance. Despite encountering weather-related disruptions and equipment failures leading to site outages, the company managed to mine 1,084 BTC. While this represents a substantial decline from December 2023 figures, the market's response underscores investor confidence in Marathon's ability to navigate adversity and capitalize on favorable market conditions. The positive momentum observed in Marathon's stock is reflective of broader trends within the crypto industry. Canaan Technology ( NASDAQ:CAN ), Bitdeer (BTDR), Coinbase ( NASDAQ:COIN ), and MicroStrategy ( NASDAQ:MSTR ) have all witnessed significant gains, buoyed by Bitcoin's ascent. This collective surge underscores the growing mainstream acceptance and adoption of digital assets as viable investment vehicles. Notably, the enthusiasm surrounding Bitcoin's price surge has been further bolstered by substantial trading volumes observed in spot Bitcoin exchange-traded funds (ETFs), exceeding $1 billion. Institutions such as BlackRock and Fidelity have emerged as key players in this arena, signaling a maturing market ecosystem and institutional confidence in the long-term viability of cryptocurrencies. Moreover, comments from Federal Reserve officials hinting at potential rate cuts later in the year have added fuel to the market's bullish sentiment. The prospect of looser monetary policy has enhanced the attractiveness of cryptocurrencies as a hedge against inflationary pressures, further driving investor interest in the digital asset space. In conclusion, Marathon Digital's ( NASDAQ:MARA ) resilience in the face of production challenges serves as a testament to the dynamism of the cryptocurrency market. Against a backdrop of macroeconomic uncertainties and operational hurdles, the company's ability to capitalize on Bitcoin's rally underscores the enduring appeal of digital assets as a lucrative investment avenue. As the landscape continues to evolve, Marathon's ( NASDAQ:MARA ) trajectory serves as a compelling case study in adaptability and opportunity within the burgeoning crypto ecosystem.
NASDAQ:MARALong
by DEXWireNews
Marathon DIgital Holdings - Elongated Right Shoulder (H&S)Marathon Digital Holdings is about to test the neckline of the H&S. Bitcoin miners had huge volume on Friday. Will be looking for a bullish close on the daily above the neckline to initiate a position. After Fed announcement, where I do not expect Powell to add anything new. Powell will probably reiterate we will go again if inflation persists and the monetary lags are yet to be fully felt, Bitcoin will find buyers. This should be bullish for all BTC miners. Initial target should be around 30 on break and who knows by next year we might be in a crazy bull market in crypto (there are signs appearing). In that case, taking half of the position and letting it run might lead to 5x-10x. If you are interested in Bitcoin miners in general, here are some comments: 1. Riot and Marathon are Tier 1 miners 2. Cleanspark and Bitfarms have already broken out of resistance are looking extremely bullish. 3. Volatility of the miners are high (position sizing is key) 4. Miners will be extracting less BTC going forward (due to halving) but Bitcoin price supports revenue and there is monthly revenue also from mining fees.
NASDAQ:MARALong
by Kemsdale
1