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.
The last time shares of American Airlines Group Inc. (NASDAQ:AAL) reached the $25.10 level was in the middle of March. They ran into a wall of sellers and a downtrend followed.
The stock has reached this level again.
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If shares trade above this important level and hold for a few days, it will mean that the sellers who created the resistance are gone. With this supply out of the way, the stage will be set for buyers to force prices higher.
But if the resistance doesn’t break, American Airlines could trend lower again. With oil prices rising like they are, the shorts may start to target stocks that are hurt by higher oil prices. These include airlines.
See Also: Airline Stocks Up Following Strong Memorial Day Weekend Bookings
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.