The Return of the 58k Gang
The 58k Gang from the prior cycle have yet another day in the sun, as Bitcoin prices probe this memetic powerhouse of a price level once again.
G’day Folks,
For those who were not around last cycle, there was an army of folks who bought their first slugs of Bitcoin around $58k during the two rounded tops in the 2021 bull cycle.
Folks who top blasted $58k in the last cycle wear their buys as a badge of honour, and rightfully so. They survived the brutal decline of the 2022 bear, and learned a tonne of lessons about themselves along the way.
It is a tremendous life experience to watch your net worth plummet by over -70%. It forces you to either come to terms with what you own and why through rigorous study…or to capitulate everything when the pain gets too much.
Here we are, five years later and the $58k gang rides once again.
As you can probably imagine, the market conditions at $58k in 2026 are vastly different to those at the stimulus fuelled tops in 2021. Today’s report will be an analysis of how the market is reacting to the market probing the bear cycle lows, and why my expectations are in the weeks and months ahead.
Upgrade below to access today’s Video Update and TL;DR Summary.