-
Search Results
-
BTCUSD – Bitcoin Daily
Supports: 83.850, 82.650 & 81.500
Resistances: 85.500, 87.500 & 88.850
Bitcoin is kind of struggling, trying to turn the direction Up again.
For any real move Up we have first to see it above 91K, and that would be just a first step.
For tomorrow, I expect it to make another push Up to challenge resistance at 87.500
GME – GameStop Corp.
GameStop Just Went Full Crypto–And Wall Street Is Panicking
GameStop GME just dropped a bombshell and investors are reeling. The company announced it’s ditching more of its retail footprint and diving headfirst into Bitcoin (BTC-USD), raising $1.3 billion via zero-coupon convertible bonds to buy the cryptocurrency as a treasury reserve asset. Shares initially surged 14% on the buzz, but that excitement didn’t last long. Within 24 hours, the stock nosedived nearly 25% at 2.07pm, giving back all its gains and then some. While retail traders lit up the meme-stock boards, analysts were quick to question whether this pivot is a bold reinvention or a desperate roll of the dice.
Let’s not sugar-coat it: GameStop’s core business is bleeding. Sales fell 28% year-over-year, and it’s closed a quarter of its stores in the past year. Management says the Bitcoin move is about optimizing returns and staying liquid, but the timing raised eyebrows. Crypto markets have already surged 27% since November so why now? Strategy MSTR pulled off a similar playbook in 2020 and saw its stock skyrocket, but it’s sitting on a massive Bitcoin stash and trades at a tighter premium. GameStop? Not quite the same setup, and investors know it.
Where is Roaring Kitty now…meow meow 😀
XAUUSD 4 HOUR CHART – In limbo
Chart still showing a downside risk that needs to take out 3038 to break the momentum… but only above 3047 would put the record 3057 high in play again
On the other side, the quick bounce Friday from 3000 suggests consolidation unless this level is taken out.
Range: 2999/3013 – 3038/3047/3057
For those that missed it, the following came out Friday and may have been a trigger for the XAUUSD sell off.
Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets, said that if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered.
BTCUSD
Bitcoin is trying to avoid the date with that 65K level, but has to take lots of it to do so.
Resistances at : 83.600, 84.750 & 90K.
One crazy thought – if BTC makes it above 90K…this week…we might even see 110K…had to say it….crazy or not, it would be in line with Bitcoins behaviour.
However, more probable is to see it between 65 & 75K.
BTCUSD Daily
That was a fair warning: Be aware – this is a Yo-yo coin –it can touch 80 K and instantly try for 90…10K up and down…not a problem.
It went over 90K – so surprising part accounted for as well…
Support at 90K & 85K – Resistance at 95K
Without Trump tariffs and all other data this week, I would tell you that Bitcoin will continue down in this correction, with usual crazy upticks and wild down moves …but….expect unexpected…
