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2025-05-22 11:33:11

DrJeff on Nostr: UPDATE: đź‘€ Remember early April 2025? When bitcoin was ~$83k and the world was in a ...

UPDATE: đź‘€

Remember early April 2025? When bitcoin was ~$83k and the world was in a panic?

Let’s review how we did as Bitcoiners…

“#bitcoin, as priced in US dollars, continues to show remarkable strength during this *anticipated* period of consolidation since its 20-Jan-2025 high.” ✅

“As the green line shows, we continue to see a series of higher lows IN SPITE OF EXTREME MARKET UNCERTAINTY AND FEAR.” ✅

“This is exceedingly bullish behavior.”

“Could the price break down temporarily to the $70k-75k range?” ✅

“Of course.” ✅

“But I would view this as an incredible short-term buying opportunity... and, importantly, I am not expecting this to happen.” ✅

“Based on M2 global liquidity and sharp movements in the US dollar, I still anticipate new all-time highs for bitcoin sometime between mid-May and mid-June 2025.”

This is not a flex but, rather, an admonition to follow the liquidity.
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Author Public Key
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