On the Brink of an ATH
NEW Chart & Platform Upgrades
Dear Bitcoiners,
Bitcoin is on the brink of a new all-time high, only four days in history have seen a higher daily close!
Last week, we looked at how risk-on assets were about to break out of the plateau we’ve been hitting since the end of last year, and how Bitcoin was primed to be next. We compared the performance of the Nasdaq 100, S&P 500, and Bitcoin. If you missed it, check out the highly relevant live charts linked in the previous newsletter:
This week, the biggest takeaway is that no matter who’s in charge, fiat governments just get bigger, spend more, and do not fix the root problem. Trump’s Big Beautiful Bill is evidence of fiscal dominance, as Lyn Alden would say “nothing stops this train”. Today’s ‘solution’ is $5 trillion more debt, and the real bill is for future generations. Meanwhile, Europe is spending enormous amounts on ‘defence’ and getting ready for a CBDC.
What would we do without Bitcoin?! At least these developments are speeding up its adoption.
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This week, we’ll look at key on-chain signals, a NEW chart, and improvements to the Bitcoin Strategy Platform. But first, let’s check where we stand and review current price action.
Short-Term Holder Cost Basis: Now at $99K
Both the Nasdaq 100 and the S&P 500 have set new All-Time Highs as the Big Beautiful Bill was passed by Congress. Bitcoin broke out of the trendline too! The next thing to watch is whether we’ll find resistance at the trendline we just broke out of.
Most important On-Chain Signal:
NEW Chart & Platform Upgrades!