Galaxy above $6.50 // Bitcoin recovering.. back above 20KBitcoin 21k was a resistant .. staying above 21k is pretty positive
Lots of things happened in the last few weeks, stock market crash, terra collapsed.. and celsius fear.. basically crashed Bitcoin prices to as low as 18K .... major capitualation took place taking down Bitcoin and also Ethereum with it. It seems the worst is behind us for now.
Bitcoin hold 20k-21k ... the price is heading to 25k-30k next
Ethereum will do very well from here when Bitcoin runs towards 25k-30k
Both Bitcoin and Ethereum are in extremely oversold territory, there's a much higher chance of going up from here than going down.
Galaxy stock price are totally undervalued at $6.50
Total shares is 111m shares
Market cap only 727m
Cash level $800 million
P/E ratio > bouncing around 2 to 3
EPS .. 2.20
The recent insiders buying of galaxy shares and novo announcing a stock buyback pretty much sums up the whole story .... the stock price is totally undervalued.
Bitcoin hold 20K-21K ..... it will take a shot at 25k-30k next
Once people buying up Bitcoin 25k-30k <> you will see Bitcoin retest the 40K level again
Galaxy stock price will run back to double digits again.