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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.
There’s a chance that Tesla, Inc. (NASDAQ:TSLA), Square, Inc. (NYSE:SQ), and Advanced Micro Devices, Inc. (NASDAQ:AMD) are all on the verge of big moves lower. All three are trading right at critical support levels.
Support is a concentration of buyers at the same price level. Sometimes, stocks rebound when they reach support levels.
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But sometimes the level breaks when the buyers finally finish their orders and get overpowered by the sellers. This leads to rapid and meaningful moves lower.
See also: How to Buy AMD Stock
For Square, the support has been around the $205 level. Shares are now trading below $200.
There has been support for Tesla's stock around the $590 level. Shares are now trading below it.
The $74 level has been support for AMD since September. It could be breaking.
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.