DrJeff on Nostr: GM. Although I have been thoroughly enjoying my break from social media, I thought I ...

GM.

Although I have been thoroughly enjoying my break from social media, I thought I would post a quick update on the #Bitcoin magical line chart.

OPINION:
#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.

Could I be wrong?

Of course. But this remains my highest probability expectation, even (and especially) IN SPITE OF EXTREME MARKET UNCERTAINTY AND FEAR.

I hope this commentary helps.

Back to my break from social media.

Onward and upward.