Three Top Ways to Trade $66,000 Bitcoin

Mar 4, 2024

Bitcoin is still exploding.

Last checked, it was up another $2,890 to $66,045 and could soon see $70,000.

All thanks to a massive shift in investor sentiment, and fresh BTC ETF inflows. Plus, as noted by Investing.com, “Bitcoin’s best days are yet to happen as the ETF-driven market fuels fears of missing out (FOMO), Bernstein analysts said in a note. In this context, they believe BTC is well-placed to soar to new record highs.”

In addition, there’s speculation BTC could really take off heading into its halving event — where the BTC mining reward is cut in half to reduce the number of new coins entering the network. “If fewer Bitcoins are being made available, the price ought to rise, assuming demand remains constant or increases,” says. BitPay.com.

Not only could Bitcoin see higher highs, but so could miners and stocks in companies with massive holdings in the cryptocurrency.

Look at Marathon Digital (MARA), for example.

Over the last few weeks, the BTC mining stock exploded from about $16 to $28.24. From here, if MARA can break above resistance around $30, it could potentially test $40 next.

Even MicroStrategy (MSTR) – which now owns 193,000 Bitcoins – just gapped from about $700 to $1,272 a share in days. Today alone, MSTR is up about $193 a share.

There’s also the Pro Shares Bitcoin Strategy ETF (BITO), which ran from a 2024 low of $17.83 to a recent high of $30.47.

Better, with Bitcoin showing no signs of cooling off, these stocks could see higher highs.

[featured sponsor]


[sponsored headlines]