@CryptoMichNL Will likely be the last time Bitcoin is between 50-70k.

BTC is macro bearish, and still have a new potential bear flag in process- although I'd rather wait a few days for it to take shape and be "stronger." There are some stand-out ALT performers like ATOM, BCH, TAO and UNI over the last several days, but the majority of coins are pretty weak and bearish. With that said, if BTC can muster up the energy for a bounce up to its daily TBO Fast line, that would help ALTs out WAY more- before the next leg takes shape.

This is regime disagreement. You could say McGlone’s framework is deflationary reversion which is a macro unwind thesis while JP Morgan has a capital flow thesis. McGlone seems to be saying that risk assets peaked and #Bitcoin trades like a high beta tech stock. So liquidity will continue to drain and that results in bitcoin revisiting prior deep support. JP Morgan, on the other hand, seems to be modeling what if gold flows rotate into bitcoin, or if institutional allocation increases marginally. Float is thin relative to capital pools, which means you don’t need everyone, just an incremental flow into a scarce asset. Liquidity contracts + risk rolls over hard + structural bid failure = McGlone. Monetary expansion + capital rotation + no systemic credit shock = JP Morgan. All this being as it is, it’s best to view JP Morgan’s price target as more of a narrative anchoring meant to shape expectations rather than a precise target forecast.

@LarkDavis interesting timing though. BTC sitting at 69k, down 45% from ATH while those sovereign funds loaded up way higher. pension funds dodging a 26% monthly drawdown looks smart right now

Good morning 🌅 Let’s be real for a second. Everyone’s screaming “altseason” like it’s tomorrow. But when you actually look at the charts not the noise, not the hopium something doesn’t add up. Bitcoin dominance, if you strip out stablecoins, isn’t crumbling. It’s stable. That doesn’t mean alts are dead. They’ll have their moment. But a massive run right now? Probably not. The market needs time. Healing isn’t sexy, but it’s necessary. OTHERS is showing a tiny flicker not a fireworks show. So here’s the honest take: Keep your expectations grounded short-term. The big move comes later. Don’t let hype trick you into rushing what needs patience.

$340,000 (+/- 15%) Bitcoin doesn’t happen with: - Rising ISM. - Increasing liquidity. - Lowering rates. - Other risk assets going bullish. You have bigger problems than you can imagine when it comes to the narrative of Bitcoin on the institutional front. No one wants a 16% CAGR asset that draws down 50%-80%. We MUST rally. And therefore I think we will as too many parties are aligned behind Bitcoin now.

Weekly Chart: Strong bearish trend confirmed by EMAs above price. RSI at 28.35 indicates oversold conditions. Price near lower Bollinger band suggests potential support at ~64236. MACD confirms downtrend. Resistance at ~93047. #BTC #LongTerm #BTC #LongTerm