RIOT BLOCKCHAIN | RIOT | PRICE PREDICTION

In this video I analyze Riot Blockchain (RIOT) and provide a price prediction. There are concerns that recently RIOT has not been following the trend of bitcoin. The mining stocks have also got hammered over the last month. In this video I will be providing my take on how we can position ourselves going ahead. Do you feel the share price of RIOT will increase? Please let me know in the comments below.

The bitcoin consolidation phase is almost over and this week BTC is expected to break through the resistance of 58-59k. We need a breakout on high volume and that may happen on Monday morning. Riot shares are at 33.39 are at a very low price and this provides a great buying opportunity. After BTC breaks through the 58-59 k range the next price target is the all time high at around 64 k. Riot has a delivery schedule of miners for the rest of the year and although the stock is down, the value of the BTC on the balance sheet has not gone down much. BTC was consolidating during this phase when the share price of RIOT decreased. A stock price is one thing while the underlying business is another thing. Also with BTC forecasted to go upto 100k by the end of the year, RIOT stock has a lot of potential to go higher. This is especially true considering the current low price

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