Bitcoin is now above $51,600 and could easily see higher highs.
All thanks to BTC ETF inflows, fear of missing out (FOMO), and an upcoming halving event in April, which could push the price of BTC even higher.
As noted by DailyHodl.com, “Historical data suggests that Bitcoin’s price action tends to go through five stages based on its halving, an event when the issuance of new BTC to miners is cut in half. With the next halving slated for April, Rekt Capital believes that Bitcoin is now transitioning from its pre-halving retrace to its pre-halving rally.”
Not only is that great news for Bitcoin investors, but it’s also great news for the BTC mining stocks like Marathon Digital (MARA), which we highlighted as an opportunity again on February 9.
At the time, MARA traded at $21.58. Today, it’s up to $29 a share.
Even better, if BTC can hit $100,000 this year, as predicted, MARA could double, it not triple from current prices.
Sincerely,
Ian Cooper
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