BITCOIN: This WAS NOT Meant To Happen in 2025 (SHOCK MOVES)
Jason Pizzino
Market Overview
The stock market closed out the week relatively weak, with some of the lowest levels since the Trump election. This weakness could lead to uncertainty and a false sense of security for Bitcoin and crypto enthusiasts.
Bitcoin and Crypto Analysis
- Bitcoin closed out the week relatively strong but hasn't risen to these levels with weak stock markets before.
- The S&P 500 has a 50-50 chance of closing below its 200-day moving average, which could lead to a pullback in Bitcoin and crypto.
- A 50% level at 5,600 points is identified as potential support for the S&P 500.
Economic Indicators
- Inflation and commodity prices are rising, with signs of breakouts in energies.
- Oil and natural gas prices are starting to incline after forming a base over several years.
- Metals like gold, copper, and silver are also seeing strong moves.
Technical Analysis
- The fear and greed index for crypto is back in greed, which could indicate a potential pullback.
- Historical analysis shows that sustained periods of fear or extreme fear are typically needed for a solid foundation for a sustained move to the upside.
Coin-specific Analysis
- Salana remains in its trading zone between $175 and $220.
- Suey had a pop on Friday but sold off over the weekend, remaining underneath its top level.
- XRP had a good day over the weekend, popping above its 50% level, but needs to break through its tops for a clearer direction.
- Eith (ETH) is in a tight trading range between $3,000 and $3,700, with no clear direction until it breaks through key levels.
Outlook
- The first quarter and potentially the first half of the year may be relatively shaky for the markets.
- There could be fake outs to the upside, but longer-term buying opportunities may arise as the market shakes out bullish sentiment.
- The year is still expected to end in the green, following the 18.6-year cycle and other macroeconomic indicators.