Bitcoin – New High Incoming

January 18, 2025

I’ll keep this brief.  As I write this at 7:15 am on Saturday morning, Bitcoin is at $103,000 USD ($150,000 CDN) and appears poised to exceed the all-time high of $108,000 within the next few days. While that is interesting, the real question is: what’s next? My guess is that $108,000 will be significant resistance, […]

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Bitcoin: Stuck in a Trading Range: Will it Break Out Up or Down?

January 11, 2025

Let’s zoom out and look at a five-year chart of Bitcoin.  I’ve drawn a red resistance line, joining the two previous all-time highs in 2021. Now, let’s zoom in.  Here’s the chart for the last three months: As you can see, from around November 11, 2024, to around December 19, 2024, Bitcoin stayed in a […]

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Interesting Close on Friday for Microstrategy

January 4, 2025

It’s been a fun ride on  MSTR—Microstrategy Inc. Since November 11, 2024, MSTR has gone up 84% in ten days, but then it “round-tripped” and gave it all back, so 50 days later, it was back where it started. Since bottoming on New Year’s Eve at just under $293, it has been up almost 20% […]

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Bitcoin and MSTR: The Action Starts in January

December 28, 2024

I did a Deep Dive on Microstrategy last week. This week, nothing much happened, which isn’t surprising since it was Christmas week, and many participants were on vacation. In the last five days, the price of Bitcoin has remained flat. MSTR—Microstrategy Inc. closed at $330, which is exactly the price it traded at on Christmas Eve. So, there […]

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MicroStrategy: A Deep Dive

December 21, 2024

MSTR—Microstrategy Inc. is a data analytics company. In 2000, Michael Saylor, then the CEO of MicroStrategy, faced significant sanctions from the U.S. Securities and Exchange Commission (SEC) due to accounting irregularities. Here’s the story. In March 2000, at the height of the dot-com boom, MSTR hit $333 per share.  But, that same month, MicroStrategy announced […]

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Microstrategy Added to QQQ

December 14, 2024

As expected,  MSTR—Microstrategy Inc. will join the Nasdaq 100 Index effective before the market opening on Friday, December 23, 2024. The QQQ, and other related tracking funds, will buy MSTR to track the index.  Estimates vary, but it’s possible that Microstrategy could see an initial influx of approximately $2.1 billion in share purchases from ETFs that track […]

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Are we at a Bubble Top?

December 7, 2024

Many “experts” predicted the S&P500 would hit 6,000 this year.  It closed at 6,090 on Friday.  Has it reached its limit? Perhaps, but in my roughly drawn up-channel, there would appear to be more room to run.  My working theory is that the market will continue to run up to the Trump inauguration, which may […]

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A Less Eventful Week Than Expected

November 30, 2024

Last week, I discussed Bitcoin $100,000 and the Microstrategy Rocket Ride.  This week, neither of those things happened.  Bitcoin got as high as $99,800 but did not crack the elusive $100,000 barrier, and MSTR—Microstrategy Inc. was down on the week by around 5%. The hype did not live up to reality. The hype is that Microstrategy […]

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Bitcoin $100,000 and the Microstrategy Rocket Ride Continues

November 23, 2024

Last week, I asked a simple question: Microstrategy: Is the Bump Over?  I said: My guess is that there is more gas in the tank. MSTR—Microstrategy Inc. gained another 24% on the week, closing at $421.88, but it was up as high as $543 on Thursday, before crashing down to the same level it had […]

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Microstrategy: Is the Bump Over?

November 16, 2024

As discussed last week, President Trump’s re-election set off a boom in the stock and crypto markets. They can’t and won’t go up forever. Has the bump-up stopped or paused, or does it have more legs? My guess is that there is more gas in the tank. As of 7:00 a.m. on Saturday, Bitcoin is […]

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