BigBits

Faith and Finance. ✞ Jesus is my Lord and Savior. No posts should be taken as financial advice. All posts are for entertainment only. Bitcoin, Crypto + Stocks.

[BigBits @BigBitsIO]

Careful calling the bottom

[First Squawk @FirstSquawk]

Americans in Iran Told to Depart “Now,” Warns U.S. Embassy

[BigBits @BigBitsIO]

Still work to do, but it's better than we've been seeing.

[BigBits @BigBitsIO]

$BTC - Excellent candidate for bottom.

[BigBits @BigBitsIO]

@HODL15Capital Hard to believe there have been very few losing shorts in weeks.

[BigBits @BigBitsIO]

$BTC - 50% off the ATHs, if you can't get a bounce around here... 💀

[BigBits @BigBitsIO]

$BTC - Bitcoin at the monthly super trend.

[BigBits @BigBitsIO]

This Bessent hearing just keeps getting crypto dragged into it. Just brought up CZ and his pardon, and then again more investments in WLFI with cross border payments as well.

[BigBits @BigBitsIO]

@Cointelegraph SPRING? There was a mandate for this since election day. The delays are just risking this slipping past mid terms.

[BigBits @BigBitsIO]

@scottmelker What about 67?

[Cheds Trading @BigCheds]

$BTC beginning to test lower BB on weekly.

Best case for bulls is sharp drop from here and over-reaction leading to a sustained bounce (need to reverse momentum)

[BigBits @BigBitsIO]

One area I haven't seen mentioned yet for a potential low is the Bitcoin monthly super trend at 65k. $BTC

[*Walter Bloomberg @DeItaone]

JPMORGAN: BITCOIN NOW MORE ATTRACTIVE THAN GOLD LONG TERM

JPMorgan says Bitcoin’s long-term appeal versus gold has improved after gold’s strong outperformance and rising volatility.

Despite recent crypto weakness, liquidations have been modest, though spot Bitcoin ETFs continue to see outflows. The bank notes Bitcoin is now trading well below its estimated production cost of $87,000 — historically a soft floor.

JPMorgan’s key point: Bitcoin’s risk-adjusted profile versus gold has strengthened. Its volatility relative to gold has fallen to a record low, implying significant upside potential over the long term.

[BigBits @BigBitsIO]

$BTC - Bitcoin inverse chart is screaming blow off top. Blowing past the multi-day 4hr bull divs many were using to call bottom.

The problem is we don't know where momentum will stop, only after enough leverage has been wiped.

[BigBits @BigBitsIO]

$BTC - No relief. Seems like today is super important.

Back at prior cycle ATHs, just blew past the bull divs formed over the last several days. Feels like today is judgement day.

[BigBits @BigBitsIO]

It's like buyers and sellers are both afraid here on Bitcoin

[BigBits @BigBitsIO]

$BTC - Bitcoin.

This is about how it feels...

[BigBits @BigBitsIO]

I don't think people understand how much more convertible debt @saylor has already been approved to spend...

[BigBits @BigBitsIO]

If this is the Bitcoin bottom, then kudos to the market makers. Goodluck having any conviction even on the 1min chart for $BTC.

[BigBits @BigBitsIO]

@martypartymusic Careful, I watched this today, books are thin and spreads are wide

[First Squawk @FirstSquawk]

The yield on Japan’s 2-year government bond edged up 0.5 basis points to 1.275%.