• Analyst predicts rallies for Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
• Analyst expects Bitcoin to reach a new 2023 high if it can close above $29,700.
• Analyst looks to re-enter the smart contract platform Solana (SOL) after BTC sweeps $29,500.

Analyst Predicts Rallies for Crypto-Proxy Stocks

An analyst who has accurately predicted the bottom of Bitcoin’s 2018 downtrend is now expecting crypto exchange Coinbase (COIN), business analytics firm MicroStrategy (MSTR), digital asset mining companies Marathon Digital Holdings (MARA) and Riot Platforms (RIOT) to experience a reversal after their recent corrective moves.

Outlook on Bitcoin

The analyst believes that if bulls manage to push Bitcoin (BTC) above $29,700 on any four-hour close, then it could reach a fresh 2023 high. At time of writing, BTC is trading for $29,261.

Solana’s Performance

The analyst also notes that he’s looking to accumulate the altcoin Solana ( SOL ) once BTC sweeps $29,500. At time of writing, SOL is worth $23.29, close to Bluntz’s downside target.

Risk Disclosure

Investors should be aware of the risks associated with cryptocurrency investments before making any high-risk investments in Bitcoin or other digital assets. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets and investors are responsible for their own losses incurred from transfers and trades.


Opinions expressed at The Daily Hodl are not investment advice and investors should do their due diligence before investing in any digital asset products.

By admin