Welcome to “Up-Only” Mode

Bitcoin and gold are both signalling the end of the monetary order

(Note, while it is true that gold has had a couple of power-puke down days, a pattern I’ve noticed for over a year is that when it comes to gold and bitcoin, when one has a big move up, the other pukes, but over time they are both moving in the same general direction: up)

Earlier this year having digested a steep correction after the spot ETF approvals, Bitcoin put up a fresh all-time high, which was anomalous, because the halving was still coming. In past cycles new ATH’s weren’t achieved until after the halving, by a few months at least.

This time, we put up a new one (two back-to-back’s, actually) before the halving event,  but pulled back right away and until fairly recently, BTC was chopping sideways in a band which Bitcoiners have been calling “chopsolidation” (could be @Checkmatey who coined that phrase).