The stock market is bleeding, Gold and Silver are breaking down, but the crypto market is completely ignoring the macro panic. In today's highly anticipated market update, Chief Market Strategist Gareth Soloway breaks down the incredible "Relative Strength" Bitcoin is showing against the collapsing S&P 500. Video by Gareth Soloway.
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While retail investors swing wildly between euphoria and terror, the charts are painting a highly profitable, probability-based picture. Gareth dissects the massive Bitcoin Bull Flag pattern that has officially broken its downtrend. Now, BTC is testing the critical $74,000 resistance level. If it confirms a daily close above this line, the trap door opens for a violent squeeze straight into the $80,000 to $85,000 target zone.
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BTC Today's Insights
-ETF Momentum: Bitcoin spot ETFs recorded $53.8 million in net inflows yesterday, though Ethereum ETFs outperformed them with $72.4 million in daily inflows.
-Corporate Accumulation: Reports indicate MicroStrategy (now Strategy) purchased approximately $1.3 billion in BTC this month.
-Supply Milestone: Analysts note that the 20 millionth Bitcoin is expected to be mined this month, underscoring the asset's increasing scarcity.
Regulatory & Macro Updates
-Regulatory Framework: The SEC and CFTC jointly unveiled a new coordination framework to reduce regulatory conflicts, fueling market optimism.
-PCE Inflation Data: Today's release of the Personal Consumption Expenditures (PCE) price index at 13:30 UTC is a major focus; a reading near the 2.7% consensus is seen as critical for maintaining the current rally.
-New Tax Reporting: 2026 marks the first year US taxpayers are receiving the standardized Form 1099-DA from brokers for digital asset reporting.
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