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President Donald Trump’s 24th week back in the Oval Office is set to focus on Republican lawmakers sprinting to meet a July 4 deadline to pass a massive piece of legislation that will advance the president’s agenda, while the White House simultaneously juggles ongoing talks related to conflict and tensions in the Middle East.

Trump’s 23rd week in office was one of his most consequential on the books after he ordered U.S. military strikes on a trio of nuclear facilities in Iran last Saturday evening that critics said threatened to pull the U.S. into another war. Instead, the strikes appear to have wiped out Iran’s burgeoning nuclear program that had the Middle East and nations worldwide on edge. It ended in a ceasefire between Iran and Israel as Trump took a victory lap for ending the ’12 Day War.’

‘This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn’t, and never will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!’ Trump posted to Truth Social last week.

‘One big, beautiful bill’ 

Republicans in Washington, D.C., are hyper-focused on passing the ‘one big, beautiful bill’ this week, ahead of lawmakers’ July 4 deadline to land the legislation on Trump’s desk for his signature. The budget reconciliation bill, if passed, will advance Trump’s agenda on taxes, immigration, energy, defense and the national debt. The legislation is currently before the Senate. 

Senate Republicans successfully carried the legislation over a procedural hurdle late on Saturday in a 51-49 party-line vote after hours of negotiations. All Republicans voted in support of advancing the bill except for Sens. Thom Tillis, R-N.C., and Rand Paul, R-Ky. Tillis announced on Sunday, after bucking Republican colleagues and the president, that he would not seek reelection in 2026.

Following the procedural vote, Senate Minority Leader Chuck Schumer, D-N.Y., required clerks on the Senate floor to read the entire 940-page Senate GOP’s version of Trump’s megabill as a delay tactic that stalled debate on the package by about 16 hours.

Senate lawmakers will hold 20 hours of debate that is evenly divided between Democrats and Republicans as the bill moves along ahead of the Friday deadline. Senate Democrats are expected to use all of their allotted time, while Senate Republicans will likely only use a portion of their hours.

‘Tonight we saw a GREAT VICTORY in the Senate with the ‘GREAT, BIG, BEAUTIFUL BILL,’ but, it wouldn’t have happened without the Fantastic Work of Senator Rick Scott, Senator Mike Lee, Senator Ron Johnson, and Senator Cynthia Lummis,’ Trump posted to Truth Social overnight Saturday. 

‘They, along with all of the other Republican Patriots who voted for the Bill, are people who truly love our Country! As President of the USA, I am proud of them all, and look forward to working with them to GROW OUR ECONOMY, REDUCE WASTEFUL SPENDING, SECURE OUR BORDER, FIGHT FOR OUR MILITARY/VETS, ENSURE THAT OUR MEDICAID SYSTEM HELPS THOSE WHO TRULY NEED IT, PROTECT OUR SECOND AMENDMENT, AND SO MUCH MORE.’ 

Ongoing discussions with Iran 

The White House is expected to hold ongoing talks with Iran this week after the U.S. successfully carried out military strikes on three nuclear facilities in the country last Saturday. 

‘So Iran wants to meet. As you know, their sites were obliterated. Their very evil nuclear sites,’ Trump told the media last week.

Details related to the reported discussions are vague, with Iran denying it is participating in ongoing talks, while the White House said the U.S. remains in close communication with Iranians and intermediaries.  

‘I spoke to our special envoy Witkoff at length this morning and I can assure all of you we continue to be in close communication with the Iranians and through our intermediaries as well, namely the Qataris, who have been an incredible ally and partner throughout this entire effort,’ White House press secretary Karoline Leavitt said during a briefing on Thursday. ‘And as I said, this administration is always focused on diplomacy and peace, and we want to ensure we can get to a place where Iran agrees to a non-enrichment civil nuclear program.

‘The president wants peace. He always has, and right now we’re on a diplomatic path with Iran. The president and his team, namely special envoy Witkoff, continue to be in communication with the Iranians and especially our Gulf and Arab partners in the region to come to an agreement with Iran,’ she added.

Trump announced on June 21 that the U.S. successfully carried out strikes on Iran in a Truth Social post that was not preceded by media leaks or speculation that an attack was imminent. The unexpected social media post was followed just hours later by a brief Trump address to the nation while flanked by Secretary of Defense Pete Hegseth, Secretary of State Marco Rubio and Vice President JD Vance. 

‘A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime: Fordow, Natanz and Isfahan,’ Trump said from the White House late on Saturday in an address to the nation regarding the strikes. ‘Everybody heard those names for years as they built this horribly destructive enterprise. Our objective was the destruction of Iran’s nuclear enrichment capacity, and a stop to the nuclear threat posed by the world’s No. 1 state sponsor of terror. Tonight, I can report to the world that the strikes were a spectacular military success.’

The operation included the longest B-2 spirit bomber mission since 2001, the second-longest B-2 mission ever flown and the largest B-2 operational strike in U.S. history, Hegseth said. 

Operation Midnight Hammer followed Israel launching preemptive strikes on Iran on June 12 after months of attempted and stalled nuclear negotiations and subsequent heightened concern that Iran was advancing its nuclear program.

Trump floats ceasefire in Gaza 

While celebrating the ceasefire between Israel and Iran, as well as a separate U.S.-brokered peace deal between Rwanda and the Democratic Republic of Congo on Friday, Trump predicted a potential ceasefire in Gaza as the war between Hamas and Israel continues since 2023. 

Trump called the situation in Gaza ‘terrible’ while speaking to the media from the Oval Office on Friday, but expressed optimism there could soon be a ceasefire between Israel and Hamas. 

‘I think it’s close. I just spoke with some of the people involved,’ said the president, adding, ‘We think within the next week we’re going to get a ceasefire.’ 

Trump also addressed the ongoing humanitarian crisis in Gaza, saying, ‘We’re supplying, as you know, a lot of money and a lot of food to that area because we have to. I mean, you have to. In theory, we’re not involved in it, but we’re involved because people are dying.’

‘MAKE THE DEAL IN GAZA. GET THE HOSTAGES BACK!!! DJT,’ Trump posted to Truth Social early on Sunday as he posted other messages related to the Big Beautiful Bill. 

Israeli Minister for Strategic Affairs Ron Dermer is expected to travel to Washington, D.C., this week to meet with U.S. counterparts to discuss a ceasefire deal, The Associated Press reported. 

Fox News Digital’s Alex Miller and Peter Pinedo contributed to this report.

This post appeared first on FOX NEWS

We are nearly halfway through the first year of the second Trump administration, and the American people are seeing something unprecedented in American politics in the 21st Century: the development and implementation of a grand strategy. 

Critics and talking heads have tried to paint President Donald Trump as brash and careless, especially when it comes to foreign relations and international affairs. Nothing could be further from the truth. Since the beginning, Trump has been clear that America’s interests are his interests, and he has designed America’s grand strategy around American priorities. 

Critics say the Trump Doctrine is causing chaos. Not so. The chaos caused by the flawed designs of previous presidents and their advisers in this century alone made it necessary for a radical course correction. In other words, what Trump has done this year has also opened up new opportunities for collaboration and commerce in regions that were overlooked in previous administrations. The Middle East is a case in point.  

For decades, the only narrative coming out of the region was conflict. Trump saw past that and identified opportunities for trade, commerce and cooperation. This has directly led to a transformation in foreign relations with many Middle Eastern and Gulf countries and new partnerships that have the potential to revolutionize America’s engagement in the area — as well as the American economy. 

That was not Trump’s only goal. On his trip to the region, he also laid the groundwork for the now-apparent isolation of Iran. No one wants the Iran problem. Even Syria — a long-term Iranian ally — is watching from the sidelines. 

The Trump administration has also simultaneously put to bed the blanket ‘isolationist’ and ‘warmonger’ caricatures, which hold no water after strategic strikes against Iranian uranium enrichment facilities. These were calculated strikes that sent two important messages. 

First, it was a reminder that America supports its allies. Israel has been fighting against constant opposition long before the second Trump administration began. The lone beacon of democracy in the Middle East, it has done an admirable job of weakening the state and non-state actors that threaten not only the existence of the state of Israel but also democratic values that undergird all free societies.  

Israel has stood boldly when other nations have cowered. And they did it without asking for help. This is something that has set Israel apart. Israeli Prime Minister Benjamin Netanyahu has always acknowledged that Israel must fight for itself and has ultimate responsibility for its own defense. 

Trump honored that position and leveraged America’s unmatched military to support Israel through bombings that neutralized targets that were important to America, Israel, and the rest of the free world. 

This reminded America’s other allies that the Trump administration is ready and willing to work in tandem when priorities are aligned. The fact that this happened ahead of the NATO meeting demonstrates just how comprehensive the new American doctrine is. It is also not a coincidence that NATO agreed to support Trump’s recommendation of 5% of GDP going toward defense spending. 

The second message that Trump has sent is that he is always open to diplomacy. In fact, it is his preference. Iran was repeatedly warned against using force. They were encouraged to find a peaceful solution and explicitly told the consequences if they continued to violate the JCPOA agreement. Only when it became clear that Iran was not interested in negotiations was military force used.  

The Trump administration has also simultaneously put to bed the blanket ‘isolationist’ and ‘warmonger’ caricatures, which hold no water after strategic strikes against Iranian uranium enrichment facilities. 

Importantly, that was not the end of the story. Quickly after the strikes were completed, Trump again began working toward peace, personally working with top officials to broker a ceasefire between Israel and Iran. Force was only ever used in an effort to bring both parties to the negotiating table. 

These are not the actions of a warmonger or an isolationist. They are the actions of a peace strategist. Someone who is unashamed to put his country first on the world’s stage but opens the hand of friendship and cooperation to those willing to join together to achieve shared goals. Sounds a bit like President Ronald Reagan, who ended the Cold War without firing a shot.  

This post appeared first on FOX NEWS

Iran acknowledged on Sunday that an Israeli strike on Tehran’s notorious Evin prison last week killed dozens of people.

Iran’s judiciary spokesperson Asghar Jahangir posted on the office’s official Mizan news agency website that the strike killed at least 71 people, including staff, soldiers, prisoners and members of visiting families. Officials did not provide a breakdown of casualty figures.

The Washington-based Human Rights Activists in Iran said at least 35 of those killed were staff members and two were inmates. Others killed included a person walking in the prison vicinity and a woman who went to meet a judge about her imprisoned husband’s case, the organization said.

Jahangir said some of the injured were treated on site, while others were taken to hospitals. Iran has not said how many were injured.

Iran had also confirmed on Saturday that top prosecutor Ali Ghanaatkar had been killed in the attack. Ghanaatkar’s prosecution of dissidents, including Nobel Peace Prize winner Narges Mohammadi, had led to widespread criticism by human rights groups.

Israel carried out the strike on June 23 as its Defense Ministry said it was attacking ‘regime targets and government repression bodies in the heart of Tehran.’ The facility was known to hold many of Iran’s political prisoners and dissidents.

The prison attack came near the end of 12 days of Israeli strikes, which Israel claimed killed around 30 Iranian commanders and 11 nuclear scientists, while hitting eight nuclear-related facilities and more than 720 military infrastructure sites.

The status of Iran’s nuclear program remains unclear, even after President Donald Trump said American strikes on June 22 ‘obliterated’ Iran’s nuclear capabilities.

Rafael Grossi, the head of the International Atomic Energy Agency (IAEA), told CBS’ ‘Face the Nation’ in an interview Sunday that Iran’s capacities remain, but it is impossible to assess the full damage to the nuclear program unless inspectors are allowed in, which Iranian officials have not authorized.

‘It is clear that there has been severe damage, but it’s not total damage, first of all. And secondly, Iran has the capacities there, industrial and technological capacities. So if they so wish, they will be able to start doing this again,’ Grossi said.

Grossi said Iran could have centrifuges spinning enriched uranium ‘in a matter of months.’

‘Frankly speaking, one cannot claim that everything has disappeared and there is nothing there,’ he said.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

An unelected Senate parliamentarian should not be deciding what stays and what doesn’t in the so-called ‘Big, Beautiful Bill,’ Rep. Greg Steube, R-Fla., told Fox News Channel in an interview that earned President Trump’s approval.

Conservatives were furious on Thursday morning after learning Senate Parliamentarian Elizabeth MacDonough ruled several key reforms and tweaks to Medicaid in the Senate GOP’s version of President Trump’s bill did not pass muster with Senate Rules. One senator, Roger Marshall, of Kansas, called for MacDonough to be replaced.

Steube was a guest on FOX Report on Sunday morning, when host Jon Scott asked him where he stood on whether the parliamentarian should have been overruled or even fired. He agreed with Marshall.

‘Yeah, I had called for her to be fired,’ Steube said. ‘I don’t think that one person who’s unelected, who got appointed over a decade ago, should be the one deciding what stays in and what doesn’t.’

Lawmakers across the U.S. were elected by their constituents to make those decisions; not the parliamentarians, he said.

At the moment, Republicans hold majorities in the House and the Senate. MacDonough was appointed by the late Senate Majority Leader Harry Reid, who was a Democrat.

Steube questioned why current Senate Majority Leader John Thune, R-S.D., would not replace MacDonough with a Republican appointee.

‘We’ve certainly called for that,’ Steube said. ‘Thune has said he’s not going to do that, so they’re going to move forward.’

Scott noted that MacDonough has said she is supposed to be call balls and strikes, not make political decisions. When Scott asked Steube if he thought MacDonough was working for the Democrats, the lawmaker noted she was appointed by one.

‘What House lawmakers that have been elected by the people passed by a majority of the House of Representatives and sent over to the Senate are now getting struck by one person who was appointed by Harry Reid,’ Steube said. ‘I certainly don’t think that’s what the American people voted for.

Trump later posted about Steube’s interview on Truth Social.

‘Great Congressman Greg Steube is 100% correct,’ the president wrote. ‘An unelected Senate Staffer (Parliamentarian), should not be allowed to hurt the Republicans Bill. Wants many fantastic things out. NO!’

Fox News Digital’s Alex Miller contributed to this report.

This post appeared first on FOX NEWS

Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act.

The new policies are a complicated system of fees and programs for app makers, with some developers now paying three separate fees for one download. Apple also is going to introduce a new set of rules for all app developers in Europe, which includes a fee called the “core technology commission” of 5% on all digital purchases made outside the App Store.

The changes Apple announced are not a complete departure from the company’s previous policy that drew the European Commission’s attention in the first place.

Apple said it did not want to make the changes but was forced to by the European Commission’s regulations, which threatened fines of up to 50 million euros per day. Apple said it believed its plan is in compliance with the DMA and that it will avoid fines.

“The European Commission is requiring Apple to make a series of additional changes to the App Store,” an Apple spokesperson said in a statement. “We disagree with this outcome and plan to appeal.”

A spokesperson for the European Commission did not say that Apple was no longer subject to the fine. He said in a statement that the EC is looking at Apple’s new terms to see if the company is in compliance.

“As part of this assessment the Commission considers it particularly important to obtain the views of market operators and interested third parties before deciding on next steps,” the spokesperson said in a statement.

The saga in Brussels is the latest example of Apple fiercely defending its App Store policies, a key source of profit for the iPhone maker through fees of between 15% and 30% on downloads through its App Store.

It also shows that Apple is continuing to claim it is owed a commission when iPhone apps link to websites for digital purchases overseas despite a recent court ruling that barred the practice in the U.S.

Under the Digital Markets Act, Apple was required to allow app developers more choices for how they distribute and promote their apps. In particular, developers are no longer prohibited from telling their users about cheaper alternatives to Apple’s App Store, a practice called “steering” by regulators.

In early 2024, Apple announced its changes, including a 50 cent fee on off-platform app downloads.

Critics, including Sweden’s Spotify, pushed back on Apple’s proposed changes, saying that the tech firm chose an approach that violated the spirit of the rules, and that its fees and commissions challenge the viability of the alternative billing system. The European Commission investigated for a year, and it said on Thursday that it would again seek feedback from Apple’s critics.

“From the beginning, Apple has been clear that they didn’t like the idea of abiding by the DMA,” Spotify said last year.

Epic Games CEO Tim Sweeney, whose company successfully changed Apple’s steering rules in the U.S. earlier this year, accused Apple of “malicious compliance” in its approach to the DMA.

“Apple’s new Digital Markets Act malicious compliance scheme is blatantly unlawful in both Europe and the United States and makes a mockery of fair competition in digital markets,” Sweeney posted on social media on Thursday. “Apps with competing payments are not only taxed but commercially crippled in the App Store.”

The European Commission announced the 500 million euro fine in April. The commission at the time said that the tech company might still be able to make changes to avoid the fine.

Apple’s restrictions on steering in the United States were tossed earlier this year, following a court order in the long-running Epic Games case. A judge in California found that Apple had purposely misled the court about its steering concessions in the United States and instructed it to immediately stop asking charging a fee or commission on for external downloads.

The order is currently in effect in the United States as it is being appealed and has already shifted the economics of app development. As a result, companies like Amazon and Spotify in the U.S. can direct customers to their own websites and avoid Apple’s 15% to 30% commission.

In the U.S., Amazon’s iPhone Kindle app now shows an orange “Get Book” button that links to Amazon.com.

This post appeared first on NBC NEWS

Cloudflare stock price has gone parabolic and crossed an important resistance level as demand for its services and its market share soared. NET jumped to a high of $195, its highest level since November 2021, and 410% above its lowest point in 2022, giving it a market cap of over $60 billion.

Cloudflare demand is surging

Cloudflare is one of the biggest and most important companies globally, powering most websites and applications that people use today. Its main product is a Content Delivery Network (CDN), a system of distributed servers that ensure that pages load faster.

CDNs store cached versions of content on servers located globally. As a result, when users request content, the CDN company routes them to the nearest server, reducing latency and boosting load terms. 

Cloudflare has the biggest market share in the CDN industry, with over 40% share. This explains why you mostly see its service whenever you visit most websites today. Other solutions are jsDelivr, Amazon CloudFront, Akamai Technologies, Fastly, Google, and Microsoft. 

Cloudflare’s business has done well in the past few years, with its annual revenue jumping from $430 million in 2020 to $1.6 billion last year. 

This growth happened as it enrolled more clients, including highly trafficked websites like Walmart, Shopify, and Coinbase. It now has over 250,000 paying customers.

NET growth continues

The most recent results showed that Cloudflare’s growth continued surging in the first quarter. Its first-quarter revenue jumped by 27% in Q1 to $471 million, a strong figure for a company started in 2010.

This growth happened as the company’s large customers paying it over $100,000 a year jumped to 3,527, up from 2,156 in Q1’23. The company will likely continue doing well as the total addressable market jumped from $32 billion in 2018 to over $231 billion today.

The key benefit for the Cloudflare stock is that it has a high retention of 111% since most companies don’t switch their CDN service. 

Further, the company is able to upsell its customers new products, especially in the cybersecurity space. For example, it has become a big player in the DDoS protection, and website application firewalls.

The company is also expected to boost its profitability this year. Its earnings per share is expected to be 80 cents, up from 75 cents a year earlier. 

Analysts are also optimistic that its double-digit revenue growth will accelerate this year. The average estimate is that its revenue will grow by 25.5% this year to $2.1 billion, followed by $2.65 billion in 2026. 

The risk, however, is that the company has become highly overvalued, even based on the rule-of-40 metric. This is a popular metric that looks at a company’s revenue growth and margins. 

Cloudflare has a forward revenue growth of about 25% and a forward operating margin of 13%. This gives it a forward rule-of-40 metric of about 38%, slightly below 40

Cloudflare stock price technical analysis

NET stock price chart | Source: TradingView

The weekly chart shows that the NET stock price has surged in the past few months. It move above the crucial resistance point at $177.50, the highest swing in February. Moving above that resistance level invalidated the double-top pattern. 

Cloudflare share price has moved above the 50-week and 100-week Exponential Moving Averages (EMA). Further, the Relative Strength Index (RSI) and the MACD continued rising. 

Therefore, the stock will likely continue rising as bulls target the key resistance level at $220, the highest point in November 2021. A drop below the support at $177.50 will invalidate the bullish forecast. 

The post Cloudflare stock price forecast: eying ATH after flipping key resistance appeared first on Invezz

Dave stock price has been one of the best-performing companies in Wall Street in the past few months. After crashing to a low of $6 in 2023, it has jumped by over 3,300%, giving it a market capitalization of over $3.3 billion. So, does Dave has more upside?

Dave stock price technical analysis

The weekly chart shows that the Dave share price has been on a rollercoaster in the past few months. It remained in a consolidation between July 2022 and early 2024. This consolidation was part of the accumulation of the Wyckoff Theory. 

It then moved into the markup phase, which is characterized by substantially higher demand than supply. It remains in this range today, and the trend is gaining strength as the Average Directional Index (ADX) has jumped to 54. An ADX figure of above 20 is usually a sign that a trend is strengthening. 

The Relative Strength Index (RSI) has remained above the extreme overbought level of 81. Similarly, the Stochastic Oscillator and the MACD indicators have continued soaring.

Most importantly, the stock has moved to the 50% Fibonacci Retracement level at $250, another sign that the momentum is continuing.

Therefore, the Dave stock price will likely continue rising as bulls target the next key resistance level at $300, up by 20% from the current level. A drop below the support at $200 will invalidate the bullish view.

DAVE stock chart | Source: TradingView

Read more: From best to worst: Why Trade Desk stock has crashed and what next

Why the Dave share price is surging

Dave Inc. is a fast-growing fintech company providing banking services, mostly to consumers living paycheck to paycheck. Its most popular service is known as ExtraCash, which offers a 0% interest overdraft product.

Its overdraft cost is significantly smaller than other companies. It costs about $5, much lower than the average $35 in the US. Also, the company hahas  o minimum balance and has zero maintenance fees.

It also offers Dave Checking, a deposit account offered through its banking partners. It also offers personal financial management solutions like budgets and side hustles. 

Dave’s growth has continued in the past few years, with its annual revenue rising from over $121 million in 2020 to over $347 million last year. 

Most notably, the company has broken even, with its net loss moving from $128 million in 2022 to $48 million in 2023. It made a net profit of over $57.8 million last year. 

The most recent results showed that the company’s quarterly revenue increased by 47% to $108 million, surpassing the expectations of most analysts. This growth happened as its ExtraCash origination volume soared by 46%.

Analysts are highly optimistic that the company has more room to grow. The average second-quarter revenue estimate is $112.8 million, up by 40% from last year. 

The average estimate is that its revenue will grow to $468 million this year, followed by $551 million in 2026. Its management estimates that the revenue will be between $460 million and $475 million. 

Dave is also expected to be more profitable. The management boosted its adjusted EBITDA from $110m and $120m to between $155m and $165m. The real EBITDA figure will likely be better than estimates because the management is often highly conservative.

Top Dave’s metrics are moving in the right direction, with the average revenue per user (ARPU) jumping by 29% in the last quarter to $171. 

The main risk, however, is that Dave stock price is highly overvalued, with a forward P/E ratio of 40, much higher than the sector median of 11. Also, there is a risk that it may move into the markdown phase of the Wyckoff theory.

Read more: Cloudflare stock price forecast: eying ATH after flipping key resistance

The post What next for the Dave stock price after the 3,300% surge? appeared first on Invezz

Coinbase stock price has surged by over 140% from its level in April, and is now hovering at its highest level since 2021 when it surged to its all-time high. Its market capitalization has jumped to over $90 billion, making it one of the top financial services companies in the US. This article explores why the COIN share price is about to explode higher soon. 

Coinbase stock price to explode as Bitcoin nears breakout

The main bullish catalyst for the Coinbase share price is the upcoming Bitcoin breakout after days of consolidation.

First, as the long-term chart below shows that Bitcoin sits slightly below the ascending trendline that connects the highest swings since December 2017. It failed to move above that level in April and November 2021, and January and May this year. 

Notably, Bitcoin has formed two rounded bottoms in this period. Therefore, my expectation is that the BTC price will eventually surge above the upper side of this ascending trendline. Such a move above the multi-year line will likely lead to more gains in the long term. 

BTC price chart | Source: TradingView

Read more: Bitcoin price prediction: BTC path to $300,000 revealed

Second, the shorter-timeframe Bitcoin price chart points to more gains in the coming weeks. It has formed a bullish flag pattern, comprising of a tall vertical line and a descending channel. This pattern normally leads to more gains over time.

Bitcoin has also created a cup-and-handle pattern, comprising of a rounded bottom and a consolidation. In this case, the consolidation is part of the handle section of the cup-and-handle pattern. 

Therefore, the most likely scenario is where the Bitcoin price stages a strong comeback in the near term. If this happens, Bitcoin could surge to at least $150,000 later this year. 

BTC price chart | Source: TradingView

Why COIN stock rises when Bitcoin is jumping

A strong Bitcoin price comeback is bullish for Coinbase for three main reasons. First, Coinbase shares often do well when Bitcoin is in a strong uptrend and drop when it is falling. This performance is usually because of the overall market sentiment.

Second, Coinbase is one of the biggest Bitcoin holders in Wall Street with over 9,260 coins currently valued at almost $1 billion. As such, Coinbase’s balance sheet improves when BTC is in an uptrend. 

Third, Bitcoin gains often translates to higher altcoin prices over time, which is notable because Coinbase is a top player in the staking industry. Also, higher prices lead to a more transactions, which benefits Coinbase and other companies. 

Further, Coinbase is benefiting fro the ongoing Bitcoin and Ethereum ETF inflows because it is the biggest custodian in the industry. Spot Bitcoin ETFs have added almost $50 billion in inflows this year, while Ethereum are nearing the $4 billion milestone. 

Coinbase share price analysis

COIN price chart | Source: TradingView

The daily chart shows that the COIN share price has jumped in the past few months. It has formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. 

Coinbase stock has formed a cup-and-handle pattern, a popular bullish continuation sign. This pattern comprises of a rounded bottom and some consolidation.

The cup has a depth of about 58%, and measuring the same percentage from its upper side gives it a target of $551, up by over 55% from the current level. 

The post Here’s why Coinbase stock price is about to explode higher appeared first on Invezz

Celsius Holdings stock price has bounced back in the past few weeks. CELH share price has rebounded from a low of $21 in February this year, to the current $45, its highest level since August 24. It has jumped by over 115% from the lowest point this year.

Celsius Holdings stock price technical analysis

The daily chart shows that the CELH stock price has bounced back in the past few months as investors bought the dip. It has recently formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. A golden cross is one of the most bullish patterns in technical analysis.

Celsius Holdings share price has jumped above the 23.6% Fibonacci Retracement level. It is approaching the 38.2% retracement point at $50. 

CELH stock recently moved above the crucial resistance at $40, where it formed a small double-top pattern. The Relative Strength Index (RSI) and the MACD indicators have continued rising, a sign that it is gaining momentum. 

Celsius has also formed an inverse head-and-shoulders pattern, a popular bullish reversal sign.

Therefore, technicals suggest that the Celsius stock price will continue rising as bulls target the next key resistance level at $60, the 50% Fibonacci Retracement level. 

A drop below the key support at $40 will invalidate the bullish CELH stock price forecast. 

CELH stock chart | Source: TradingView

Key catalysts for the CELH stock price

There are a few reasons why the Celsius stock price is in an uptrend. First, the company recently closed the purchase of Alani in a $1.8 billion deal. 

Alani manufactures premium energy drinks, supplements, and other nutrition products. It made over $605 million in 2024 and had an adjusted EBITDA of $88 million. 

Most of its revenue comes from premium energy drinks, while the others are in products like shakes, pre-workout, and snacks. Celsius hopes that Alani will help it reach more female clients, who make up most of its customers. 

Celsius Holdings and Alani Nu had a combined annual revenue of $1.96 billion in 2024 and a net income margin of 12%. The deal is expected to yield approximately $50 million in annualized synergies.

Traders anticipate that the deal will help bring Celsius back to growth. The most recent financial results showed that Celsius’ sales dropped by 7% in Q1 to $329 million. This was a big reversal for a company that was recording double-digit growth in the past few months. 

Most of the decline came from North America, where revenue dropped by 10% to $306 million. This slowdown was offset by the 41% surge in its international sales, which rose to $22.8 million. 

Celsius Holdings’s profits also plunged, with the net income falling by 43% to $44 million and the diluted EPS falling to 15 cents. 

Analysts anticipate that Celsius Holdings revenue will surge by 58% in the current quarter to $636 million because of Alani’s purchase. This growth will translate to an annual revenue of $2.18 billion and $2.66 billion next year. 

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