Bitcoin Soars Past $30K as Analyst Eyes $60K; Coinbase Stock a 'Widow Maker'
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Michele Schneider says Bitcoin's technical charts look "spectacular", taking out resistance at $28k and $30k. She sees $45k-$60k as possible if it holds $30k support.
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Schneider notes Bitcoin is showing separation from equities, acting as a store of value with mass adoption regardless of hype.
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On Coinbase stock, Schneider says it got "obliterated" after topping with Bitcoin last year.
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The Coinbase stock range has been $70-$80 but spiked to $90 on spot ETF news before falling back. Schneider sees it as a "widow maker".
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Schneider's first target for Coinbase is $114 if it can get through resistance. She says it could benefit from more positive news.