GM.
Although I have been thoroughly enjoying my break from social media, I thought I would post a quick update on the #Bitcoin magical line chart.
OPINION:
#bitcoin, as priced in US dollars, continues to show remarkable strength during this *anticipated* period of consolidation since its 20-Jan-2025 high.
As the green line shows, we continue to see a series of higher lows IN SPITE OF EXTREME MARKET UNCERTAINTY AND FEAR.
This is exceedingly bullish behavior.
Could the price break down temporarily to the $70k-75k range?
Of course.
But I would view this as an incredible short-term buying opportunity... and, importantly, I am not expecting this to happen.
Based on M2 global liquidity and sharp movements in the US dollar, I still anticipate new all-time highs for bitcoin sometime between mid-May and mid-June 2025.
Could I be wrong?
Of course. But this remains my highest probability expectation, even (and especially) IN SPITE OF EXTREME MARKET UNCERTAINTY AND FEAR.
I hope this commentary helps.
Back to my break from social media.
Onward and upward.
