The $60k low continues to be our macro low.


And we are now putting in the work to cross the first major hurdle of confirming this with the actual price action.
Bitcoin is pushing above $66,000 here, and although it is early in the week, a weekly close above here signals to us that the move lower was a HTF deviation to the 200w SMA.
Once we have that, next it will be back to $74,000 to really get the confirmation that we have totally bottomed and the highs will be coming fast.
You all know my views, I have been of the mind that $60,000 is the major low of this correction and that we will be back at the highs by early next year.
There are unending pieces of data and onchain metrics that show me this.,
However, until we have the moves, it is all a thesis and a risk, and that is why we get paid.
But price is starting to move in the way in which we need for confirmation, just as the crowd continues to all expect $40k.
I do not think that is going to happen.
BTC1.47%
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