MicroStrategy’s stock, MSTR, is preparing to undergo a massive bull run in the sessions ahead. So shows a technical setup, dubbed inverse head and shoulder, that has a history of predicting upside moves with an accuracy of 83.44%, as per Samurai Trading Academy’s research. MSTR appears to have formed a similar bullish structure, as shared by independent market analyst Bob Loukas. In detail, an inverse head and shoulder (IH&S) is when the price forms three troughs in a row, with the middle one (head) deeper than the other two (shoulders). Meanwhile, all the troughs hang by a price ceiling (neckline). …

Bitcoin (BTC) prices briefly fell below $44,000 on Thursday as the United States Dollar strengthened after the U.S. Federal Reserve policy minutes revealed its intentions to limit its bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD rate dropped 1.71% to a new week-to-date low of $43,955. The pair’s plunge appeared as a part of a technical correction that started after it had reached a three-month high of $48,176 on Saturday, following a 64.42% price rally. Bitcoin’s latest price decline also surfaced in line with a similar market bias on Wall Street. For instance, the benchmark …

Ethereum has achieved another milestone this week apart from the London hard fork, with a 90-year-old New York Stock Exchange (NYSE)-listed company changing its ticker to avoid confusion with Ether (ETH). Home decor and furniture chain Ethan Allen, which has more than 300 stores across the United States, announced on Wednesday that it had changed its NYSE ticker from “ETH” to “ETD.” The firm said that it has incorporated “D” to reflect “design” and changed its ticker to avoid investor confusion and solidify its online keyword searches: “We also believe this change will better differentiate Ethan Allen news from Ethereum …

A new survey suggests Brits have become more eager to invest in cryptocurrencies than in traditional stocks and shares-based investments. United Kingdom investment firm AJ Bell’s survey found that 7% of British adult respondents reported they had bought crypto over the last year, compared to 5% who invested in stocks and shares individual savings accounts (ISA). A stocks and shares ISA is a type of savings account that lets users invest without ever paying tax on any income or capital gains. The survey was conducted by online market research tracker Find Out Now and polled 1,269 respondents. Laith Khalaf, a …

A lackluster balance sheet, excessive debt load and over-leveraged exposure to Bitcoin have crashed MicroStrategy stock by more than 63% since February already. Nevertheless, the business intelligence company has ignored the risks of its frothy valuations, and it now wants to raise more debt and buy Bitcoin with proceeds (BTC). MicroStrategy announced on June 7 that it "intends to raise $400 million aggregate principal amount of senior secured notes in private offering [...] to acquire additional Bitcoins." The company already holds more than 92,000 BTC, worth about $3.31 billion at current exchange rates — almost 1.5x its principal investment. MSTR …