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Chinese Money Enters The Picture as Bitcoin Price Slams $114K
Yahoo Finance· 2025-09-12 03:08
Company Overview - Pop Culture Group, a China-based entertainment company, has made a significant investment in cryptocurrency by purchasing 300 Bitcoin for $33 million as the market trades near $114,000 [1] - The company aims to establish a diversified crypto fund to finance blockchain-oriented entertainment initiatives, planning to invest in additional assets including Bitcoin, Ethereum, and BOT [2] Market Context - Bitcoin is currently trading around $114,400, with fluctuations between $113,200 and $114,700, as the market remains optimistic due to expectations of US rate cuts following inflation data [3] - Analysts note that the timing of Pop Culture Group's investment aligns with a key technical setup for Bitcoin, which has formed a "golden cross," a bullish signal historically associated with strong price rallies [4][5] Technical Analysis - Historical data shows that previous golden crosses have led to significant price increases for Bitcoin, with gains of 264% in 2015, 2,200% in 2016, and 1,190% in 2020 [4] - The long-term trend for Bitcoin is characterized by higher highs and higher lows, suggesting potential for future growth cycles [5] - Chart analysts maintain a long-term price target for Bitcoin at $129,000, based on an inverse head-and-shoulders pattern that has been validated through recent price movements [6] Support and Resistance Levels - A retest near $80,000 has provided a support check, and as long as Bitcoin holds above the $110,000 area, the bullish outlook remains intact [7]
Solana Golden Cross Sparks 14% Gains as Chinese Firm Allocates $20M to BTC, ETH and SOL
Yahoo Finance· 2025-09-11 20:33
Group 1 - Solana's price increased by 2% on Thursday, surpassing $228 for the first time since February 2025, driven by capital inflows from MOGU, a China-based fashion brand allocating up to $20 million to digital currencies [1] - The trend of corporate crypto adoption is accelerating globally, with notable examples including MOGU and Nasdaq-listed Safety Shot forming BONK Holdings LLC to pursue a digital asset strategy [2] - Safety Shot's new subsidiary has invested $5 million in Solana's BONK, raising its total treasury to over $63 million [3] Group 2 - The 2% gain on Thursday was the lowest daily increase of the week, following four consecutive days of profit since trading began at $200 on Sunday, indicating potential profit-taking among investors [4] - A golden cross signal on Solana's daily chart suggests a sustained bullish trend, with a 14% gain over four days since the formation, and the RSI near 65 indicates room for further gains [5] - Solana is currently trading at $226, above the initial support level of $217, with potential targets of $240 and $250 if consolidation above $220 continues [6] - Increased trading volume, up 4% intraday, may encourage speculative traders to enter long positions, capitalizing on fresh corporate demand that has yet to be fully priced in [7]
X @Ash Crypto
Ash Crypto· 2025-09-10 17:05
ALTCOIN GOLDEN CROSS IS CONFIRMED🚨Last time this happened, Altcoin market cap pumped by 140%, which sent many alts 3x-5x in just 2 months.Massive Altseason is loading for Q4 https://t.co/WpIJOk4za5 ...
Harley-Davidson (HOG)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-09-10 14:56
Core Viewpoint - Harley-Davidson, Inc. (HOG) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend reversal [1][4]. Technical Analysis - A "golden cross" occurs when a short-term moving average (50-day) crosses above a long-term moving average (200-day), suggesting a potential bullish breakout [2]. - The formation of a golden cross typically follows three stages: a downtrend, the crossover of moving averages, and an upward price movement [3]. Recent Performance - HOG has experienced a rally of 21.1% over the past four weeks, indicating strong momentum [4]. - The current Zacks Rank for HOG is 3 (Hold), suggesting a stable outlook [4]. Earnings Outlook - The earnings outlook for HOG is positive, with no downward revisions in the past two months and four upward revisions, leading to an increase in the Zacks Consensus Estimate [4][5]. - The combination of positive earnings revisions and technical indicators suggests that HOG may continue to see gains in the near future [5].
X @Crypto Rover
Crypto Rover· 2025-09-10 07:18
$OTHERS-ALTCOINSGolden cross on the 3D timeframe.Here we go! 🚀 https://t.co/FW26KICFNN ...
Domino's Pizza (DPZ)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-09-08 22:06
Technical Analysis - Domino's Pizza Inc (DPZ) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - A "golden cross" has occurred, where DPZ's 50-day simple moving average has broken above its 200-day moving average, suggesting a potential bullish breakout [1] Golden Cross Stages - The golden cross consists of three stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and continued upward momentum [2] Recent Performance and Outlook - DPZ has experienced a rally of 5.4% over the past four weeks, and currently holds a 3 (Hold) rating on the Zacks Rank, indicating potential for a breakout [3] - Positive earnings outlook for the current quarter is supported by two upward revisions in earnings estimates over the past 60 days, with no downward revisions, leading to an increase in the Zacks Consensus Estimate [3][4]
X @Crypto Rover
Crypto Rover· 2025-09-06 16:03
Market Trend - Altcoins are experiencing a golden cross pattern, suggesting a potential bullish trend [1] - History is repeating, implying similar patterns observed in the past are occurring again in the altcoin market [1]
Chevron Soars 12% in 3 Months: Should You Hold the Stock or Exit?
ZACKS· 2025-09-05 15:16
Core Viewpoint - Chevron Corporation's stock has increased over 12% in the last three months, outperforming the energy sector and S&P 500, as well as rivals ExxonMobil and Shell, indicating strong investor interest and confidence in the company's performance [1][9]. Performance Analysis - Chevron's stock price surpassed key moving averages, forming a "golden cross" pattern in mid-August, which is a technical indicator of a strong upward trend [3]. - The company's U.S. production saw significant growth in Q2 2025, primarily due to the low-cost operations in the Permian Basin, with plans to produce over 1 million barrels of oil per day by 2027 [11]. Strategic Developments - Chevron's acquisition of Hess has been completed, granting a 30% stake in the Stabroek oil block in Guyana, expected to increase oil production by up to 500,000 barrels per day and cash flow by $1 billion by year-end [12]. - The merger added 301 million new shares, prompting Chevron to buy back over half of these shares to maintain existing shareholder value [13]. Financial Management - In Q2 2025, Chevron generated $8.6 billion in cash from operations and produced $4.9 billion in free cash flow, demonstrating strong financial management despite lower oil prices [15]. - The company paid out $2.9 billion in dividends and spent $2.7 billion on share buybacks, with expectations for higher shareholder payouts in 2025 compared to 2024 [16]. Challenges - Chevron's earnings in Q2 2025 fell 35% to $3.1 billion, largely due to a 20% drop in the average price received for oil in the U.S., highlighting the company's sensitivity to oil price fluctuations [17]. - The stock is trading at a forward P/E multiple above the industry average, raising valuation concerns, especially as Chevron's return on capital employed (ROCE) has decreased from around 20% in 2023 to just over 8% [19][21]. Market Conditions - The refining business saw a profit increase of 23.5% in Q2 2025, but overall profit margins are weaker than in 2024, with international refining facing challenges from maintenance and lower profit spreads [22]. - Liquefied natural gas (LNG) profits are under pressure due to a global slowdown, with lower demand and increased supply affecting prices, which could pose additional challenges for Chevron [23].
X @Ash Crypto
Ash Crypto· 2025-09-05 08:29
Alts/BTC golden cross has just happened.In 2017, this resulted in a 10x rally.Get ready for the Q4 Altseason. https://t.co/5npwBXVskB ...
Climb Bio, Inc. (CLYM)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-09-03 14:56
Core Viewpoint - Climb Bio, Inc. (CLYM) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend reversal [1][4]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout is likely [2]. - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3]. Performance Metrics - Over the past four weeks, CLYM has gained 28.2%, indicating strong performance [4]. - CLYM currently holds a 2 (Buy) rating on the Zacks Rank, suggesting further breakout potential [4]. Earnings Outlook - Positive earnings outlook for the current quarter strengthens the bullish case for CLYM, with no earnings estimates decreasing in the past two months and two revisions higher [4]. - The Zacks Consensus Estimate for CLYM has also increased, further supporting the positive sentiment [4][5].