Bitcoin Observation

Bitcoin has reached the lower rail of this wedge on good volume. If there were any stops below all those prior lows going back to early 2021, they’re all wiped out now. The bullish wedge looks good. I believe this is an excellent candidate for a low of very great significance.

BTC

I believe liquidity can return without a moment’s notice to the markets. And when it does, I believe we are capable of a 5% gap up that doesn’t close (e.g. on the S&P). For reference, see the COVID low, where we had a 5% gap up and closed the day 12% up. Something roughly similar in nature—I believe—may reside in our near future.


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