A portfolio manager says Bitcoin needs to clear its 10-, 20-, 30-, and 40-week moving averages before any $250,000 price target becomes credible. Until that technical gate opens, bullish news is just noise. Price action first, fundamentals second.
Let's go to Bitcoin. This is our current setup. It's funny because we have Tom Lee giving $250,000 price targets. We have other people giving massive price targets for 2026, but that's not happening until you get back above the 10, 20, 30, 40-week moving average. I would say it's actually quite good in a sense as well, going back to what we talked about earlier about the sort of fundamentals and news, but then also the technical side. Yeah, actually one of the benefits is it can almost allow you to not get heightened by the news. Exactly. And the price targets. Exactly. Projections. Exactly. Because, you know, okay, it doesn't really mean much because we haven't shifted back into stage 2. And then— or stage 1 to stage 2. And then once price starts shifting back into stage 2 and the news is bullish, you can corroborate the news, the fundamentals, the macro with the price. And I can take it on as more of a key factor. Exactly.
