Grayscale Bitcoin Trust (BTC) (OTCMKTS: GBTC) stock gained 14.34% in six months and now trades at $31.26 on June 17, 2021.
If the stock sustains above $27.45, it can target $45 and further scale high to $55 soon. Bitcoin-based ETFs expects to get approval in 2022. Also, Tesla announced that it would begin accepting payments for its vehicles in cryptocurrency if the miners start using renewable energy. Therefore, it is a positive trigger from Bitcoin ETFs in the long term.
Tencent Holdings (OTCMKTS: TCEHY) Stock trades at $78.30
Tencent Holdings (OTCMKTS: TCEHY) stock trades at $78.30 (up 2.25%) on June 17, 2021. Investors can buy this stock on declines for a target of $84 and further to $90.
China based Tencent, a social media and gaming giant, reported revenues of Yuan 135.3 billion (up 25%) in Q1 2021. Its profit exceeded the analyst’s estimates of Yuan 35.45 billion to reach Yuan 47.77 billion.
Chinese antitrust regulators last month asked Tencent to pay a fine of more than Yuan 10 billion. However, its prospects are bright as the company would invest in games, business services, and video content.
Should You Sell Grayscale Ethereum Trust (ETH) (OTCMKTS: ETHE) stock?
Grayscale Ethereum Trust (ETH) (OTCMKTS: ETHE) stock declined by 30.63% in just one month and trades now at $22.35 (down 3.62%) on June 17, 2021. However, the trend is bullish in the long term for cryptocurrencies. Investors can enter this stock at lower levels of around $15 for quick gains. Institutional investors hold a significant a quantity of Grayscale Ethereum stock.
Nestle (OTCMKTS: NSRGY) stock trades at $125.96
Nestle (OTCMKTS: NSRGY) stock is trading at $125.96 (down 0.16%) on June 17, 2021. The stock gained 20.19% over four months.
Nestle stock trades at a five-year high. Investors are advised to trade cautiously on this stock and exit current levels. They can buy this stock at around $95 for quick gains.
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