Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Brian Stutland of Equity Armor Investments spoke on CNBC's "Futures Outlook" about Bitcoin (CRYPTO:BTC). He said we have never before in history had a monetary value storage place that is traded down in decimals and it has a finite limited supply.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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He sees the $55,000 area as a support area and he wants to use futures to make a bullish trade on Bitcoin. Stutland wants to buy the March expiration contract at $55,500 and his target price is $60,500. He would place a stop loss at $51,000.
Stutland advised viewers to be careful because each contract is 5 Bitcoins so, at the levels he proposed, he is risking $22,500 to make $25,000.