- The author is buying Bitcoin after its 5.6% drop, arguing the move matched the Nasdaq’s 5.4% fall and followed no crypto-specific news.
- Three AI-related headlines hurt the Nasdaq, but major spenders remain resilient and the S&P 500 holds above its 200-day average, suggesting sentiment shock rather than a broad risk break.
- The base case is no prolonged Nasdaq bear market before OpenAI and Anthropic IPOs; a weekly Nasdaq recovery above 27,500 should support Bitcoin, while a daily support break would change the view.
Investment pitches
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62 73 - The author remains bullish on Bitcoin, using its weekly 50-week moving-average band as the decision line: buy near the 200-week average below it, or buy the band above it.
- This framework prompted buys near $60K in February, $58K in June, $78K after the September breakout, and $76K in October rather than waiting for lower targets.
- The thesis remains intact after an overnight low of $75,618; the stated stop is a weekly close below $75K, beneath the roughly $75,700 50-week average.