Today’s Nuggets
BTC Mean Reversion Deeply Oversold
Global Liquidity Up over 5% YTD, M2 Money Supply Spikes Again!
Chinese Money Printer Will go ‘BRRRR’
White House Crypto Summit Attendees
Bitcoin will be Treated Differently per Lutnick
Bukele Defies IMF and Buys Bitty
Texas BTC Reserve Notice of Intent
Korea is Joining the Party
Belarus Entering Into Bitcoin Mining
5% own BTC… 10% now own Crypto
The proxies are back and the community's morale has improved a lot!
Liquidity is coming although people tell you the world is going to end. Let us break down all the good news that explains where we will go next.
It was uncanny that Bitcoin wicked through level five today on the ATR model, which tells you where support and resistance levels are, signaling where the sell and buy signals are.
Not only did we pierce the $82,000 level but we went down on a candled to $78,000, which took many by surprise.
When the support is broken, this is when people capitulate. However, we must remember that market manipulators drive this price movement to liquidate you. This is just how it works.
Then we came back up with a violent rise to $95,000 and fell back to $83,000. However, we have shot back up to $90,300.
Everybody is asking where we are with the top and bottom indicator (TABI)? Is it game over?
No, it is not.
The indicator we have has seven stages. It starts with a very cool blue at the bottom, then it goes to like an aquamarine, teal color, to light blue, then lime green, to yellow, then orange, to dark orange, and then to red. We are in the orange stage right now, which is right after yellow.
What happens next?
Well, the blue line is the Bitcoin price. The color line is the top and bottom indicator. To put things into perspective, I added two arrows to illustrate what will happen next. First is the darker orange color that kicks us off to new all-time highs for the Bitcoin price and at this stage, we will be north of $120,000.
If things repeat like past cycles and there is no market manipulation, we will hit
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