Macro Plans for MicroStrategy – February 3

Chart of the Day

ETH is trading at a new all-time high after breaking above consecutive resistance levels and short-term contracting triangles. The momentum is likely to continue as its current charge has driven the price up more than 10% by overcoming several hurdles near $1,450 and $1,500. ETH accelerating towards $1,600 in the near term seems highly probable. 

Talk of the Town

Macro plans for MicroStrategy. The public-listed company became the talk of the town on Tuesday after ‘buying the dip’ with $10 million. This latest purchase brings the company’s total bitcoin holdings to 71,079 BTC (around $2.5 billion at current prices). So far, the company’s audacious bet on Bitcoin seems to have paid off…

… which probably means that their Bitcoin acquisition is far from over.