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Looks like another punch upwards towards the $48K Bitcoin ceiling. Maybe it breaks but if not, it will certainly weaken it. Inflation is going to go nuts I'm reading so cash is going to find ways to hedge that. GLA
Bitcoin walls at £48K and $48.5K then a small one at $50K. These are there imo to milk out the sellers before we see another rise. That could be anytime soon. Month end is today. Let's hope April is the month of the Surge to new highs. GLA
https://www.tipranks.com/news/whats-in-store-for-crypto-miners-riot-hive?utm_source=advfn.com&utm_medium=referral
RIOT’s share price has jumped 33.5% over the past month. H.C. Wainwright’s Kevin Dede sees a further 117.4% upside in the stock. The analyst has reiterated a Buy rating on RIOT alongside a price target of $50.
Analysts on the Street are inclined towards the stock with a Strong Buy, based on seven Buys and 1 Hold. The average Riot price target of $44.25 implies 92.39% upside potential.
GLTA!
Month end selling by the looks of it. Buy the dip if you think Bitcoin is going to surge this year to news highs.
Probably a dance ahead like you say. Bitcoin just needs to crack that $48K ceiling now. Might take a few runs so hang in there.
Riot moved better yesterday but investors are still a bit gun shy by the looks of it. Bitcoin moving up from here might give some more confidence to buy and hold. IMO Bitcoin is at the beginning of another positive surge. Where to is the question. GLA
WWT. Indeed, looks like clear sailing ahead. But we all know it's two steps forward, one step back. Regardless, up is always a good way to start the week.
GLTA. $$$
Looking healthier today. Bitcoin is flying again. Hope it keeps on upwards now. Inflation is going to be mad so Riot is a good hedge and is over $23 again at this time. Trading well. Lots to go yet if BTC breaks through even $48K. $50K would be a really good sign. Holding for the big ride. Imagine BTC over $100K ! Even more if predictions pan out correct. GLA
$Riot starts the day $22.00, not bad. Lets see how we end we end the week! $$$
Nice climb since Friday. Bitcoin on the way to $50K perhaps and if so, definitely breaks above the 6 month moving average. Might be some resistance at this price but we shall see. Riot is way under priced IMO but maybe that will change if Bitcoin holds and gradually moves up. It seems that it is dragged along by Mara nowadays. Why is this ? It used to be the other way around. Riot has more miners, and more efficient miners in operation as far as I know but does own less Bitcoin. Let's see what happens this week. Good luck everyone.
Riot, lower lows means higher highs. $$$
BTC crossed $46K on Sunday. Let see if it can hold this week. If so, Riot will be in the mid $20 to high $20's. Early war which I wish would never happen was a gift to buy cheap shares. Hope you got some!
GLTA $$$
Looks like a psychological sell off after Bitcoin popped over $45K for short time today. That was the recent ceiling that needed to be broken, as I see it, so I suspect selling pressure because it might seen as just another top. We shall see. If Bitcoin moves above and keeps moving up, there will many who will wish they held on. Buyers will probably move in big time and we will see Riot SP jump up. $25 not unreasonable if BTC gets $46K and more if higher. With Ukraine appearing to beat back the Russians, maybe the BTC will be going a lot higher. Go Ukraine ! GLTA.
Indeed, how sweet it is. $$$
Truly an impressive slow walk/recovery from the $13 area.
More to come!
GLTU/A!
Now in the 20's. KABOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM $$$
Slow and steady climb wins the race.$$$
Your right. This will be an up and down play for the year. War is not relevant at this time. It seems that the government is quasi in favor of BTC and the inflation confronting the economy is front and center now.
The rate hikes will help BTC. After all that's been the narrative all this time is that BTC is a hedge against inflation. Well we will see how this all plays out this year. The Fed is projected to do six more interest price hikes.
GLTU
I return. Saw little point posting while this Ukraine invasion is going on but there is a bit of hope for peace talks it seems. Putin is getting his clock cleaned. Maybe his days are numbered too once his people learn the true story and the lies.
So if some kind of peace deal is reached I expect BTC to climb quickly. Riot has picked up well before this happens and it should really move as well. Inflation is going crazy so money will head to the best ways to offset that. Bitcoin is the easiest imo with possibly great returns. And Riot just keeps adding more miners and growing the stash. GLA.
$$$ Rate hikes bodes well for RIOT. $$$
Riot Blockchain Announces Financial Results and Operating Highlights for the Year Ended December 31, 2021
Total mining revenue in 2021 was $184.4 million, as compared to $12.0 million in 2020, an increase of 1,439% year-over-year.
https://ih.advfn.com/stock-market/NASDAQ/riot-blockchain-RIOT/stock-news/87576882/riot-blockchain-announces-financial-results-and-op
$RIOT six rate hikes this year by the Fed.$$$
$RIOT six rate hikes this year.$$$
Riot, war is not keeping BTC down much. Good sign for Riot.$$$
Riot Blockchain Announces February Production and Operations Updates
https://ih.advfn.com/stock-market/NASDAQ/riot-blockchain-RIOT/stock-news/87458418/riot-blockchain-announces-february-production-and
Russians Oligarchs buying up BTC. Driving up the prices and hence BTC Miners as well.
The Ruble is now worthless, and the Russian billionaire's are buying up BTC.
RIOT to $50.00. $$$
War what is it good for.
ASOLUTLY NOTHING!
GO RIOT$$$
Indeed, this war party is a bad sign. But cooler heads will prevail, hopefully. As they say, there is light at the end of a tunnel. $$$
The Ukraine problem has to be solved before we see Bitcoin move up IMO. In reality it makes no sense but that's the way it is. Compromise is the only common sense answer but as we know, there seems to be a great lack of that with the people in power. They just want more power. I wonder if this is being worked as a swing game in Bitcoin price though. Bad news, then good news, then bad news. Good news might follow ? GLA
Yes, gold and oil does go up in war. But I don't think we will go to war. It's the Fed thant wants to jack up rates up to 1% by June or July. That's why the market tanked today.
We shall see if that bodes well for BTC and miners. $$$
We are not out of the woods yet it seems. Biden has ordered all American citizens out of Ukraine. That probably explains why we saw the sharp dip in Bitcoin. Let's hope common sense solves that testosterone driven scenario. War would be stupid. But should fighting break out, doesn't gold usually run up in war ? Oil might as well and so I figure Bitcoin will too. Bitcoin might just move up either way. Nervous will sell though and wish they had not in the future. GLA
$RIOT "It is a place to offset paper money devaluation due to very high inflation in swing now." Pure and simple. $$$ I like your statement.
Inflation hit 7.5% last year unbelievable.
Bitcoin is moving again. Looks like the long term is very good imo and new highs are coming later in the year if it gets above $48K. $100,000 is not unreasonable and maybe higher. It is a place to offset paper money devaluation due to very high inflation in swing now.
Riot is not performing like it should yet and Mara is. Any suggestions why this is ? Mining slowed due to electricity is a weak excuse imo. Their hash rate is improving all the time. Maybe Mara is being pumped and those profits will shift to Riot, like happened last year. Let's wait and see. GLA
Double BOOM's back to ya. $$$
CAPITULATION = the great time equillizer. $$$
Riot is still riding on the coat tails on BTC. $$$
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