If Bitcoin owners simply treat it as any other stock, it’s in an unusual Technical Analysis position. It often happens before a major move up. The 70 RSI in the future is above the $59.02 price which is the 200 Day Moving Average. Using $IBIT as the proxy for Bitcoin, the basement is rising and the ceiling is much easier to touch. I bet we get a 9% move higher in the next 7-10 days and then the momentum builds. Get to $59.02 and the rest of 2026 looks great for a breakout. This is a pattern that repeats itself after many consolidations of price. Gold likely showed the path ahead and that needs to consolidate.
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