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.
Alphabet Inc. (NASDAQ:GOOGL) and Facebook, Inc. (NASDAQ:FB) may be in trouble.
They have each stalled at resistance. If they can’t break through soon, there’s a good chance they start to trend lower.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Resistance is a large concentration of sellers trying to get the same price. At resistance levels, there is more supply than demand for shares. This is why rallies end or stall when they reach these levels.
If stocks hit resistance and can’t break through it, they tend to trend lower. This is what happened when GOOGL and FB reached their respective resistance levels in late April. There’s a chance it happens again.
For Facebook, the resistance is at the $330 level.
The $2,390 level is resistance for Google.
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.