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 analyzed its chart and concluded that although Visa Inc managed to make new price highs, it was never able to reach new highs in its relative performance to the S&P 500. He also noticed that the stock has broken its trend line. Worth believes these signs are concerning, and he would take a short position in the name.
Mike Khouw suggested a bearish options strategy as a way to take a short position in the name. He wants to buy the March 75/65 put spread for $2.65. The break even for the trade is at $72.35 or 4.45 percent below the current stock price. He can maximally make a profit of $7.35 with the trade.
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.