Breaking Down
Bitcoin is breaking lower, and threatening to retest the Short-Term Holder cost basis at $91k. Let’s break down the drivers, and see whether this is anything we should be concerned about.
G’day Folks,
Finally, some movement in the market!
It didn’t go in the direction most hoped, but volatility is vitality…or so they say.
Markets appear to be reacting to the implementation of tariff policies by President Trump, which to be fair…is exactly what he said he was going to do. Turns out, the market didn’t believe him, and thought he was bluffing all along.
After two years of uninterrupted Rallies and Chopsolidations, Bitcoin has died once again….
R.I.P
It is amazing how quickly folks pivot from mega-bulls, into anticipating Bitcoin crashing down to Peter Zeihan’s target of -$1000.
With all of that noise out of the way, let’s break down exactly what is going on in this market, and assess whether we need to be concerned at all.
In this piece, I will cover three general topics:
The macro forces which are at play, and impacting markets.
Where I see the key price thresholds for this correction.
Metrics I use to establish whether this is a dip…or the start of doom…
Let’s break down this market break down.
Premium Members will find the TL:DR summary, video update and the rest of the written post below.