Bitcoin’s Back (For Now)

Managing Editor’s Note: On August 26, NVIDIA’s earnings report could trigger a historic shift in the market… Potentially sending more than $1 trillion flooding into an overlooked part of the market.

That’s according to our colleague – Market Wizard Larry Benedict.

Larry has identified one ticker that sits directly in the path of that $1 trillion…, and he believes it could become the first major opportunity of this shift. He’s getting into all the details tonight.

Just go here to add your name to the guest list with one click.

In this issue

Bitcoin's Back (For Now)

Bitcoin’s back…but is it here to stay?

We have relentlessly tracked the world’s first digital asset since our first update on June 10. At the time, BTC was trading around $61,000. But last Wednesday, BTC rocketed, closing the week up over 20%, nearing $80,000.

Exactly why that happened was the subject of Monday’s edition of Chain of Thought.

But now, the important question: What happens next?

We should recognize that BTC’s price remains inside the same range it has traded in all year. Last week’s move carried us from the bottom of that range in the low $60,000s to the top near $80,000. Now, we’re right back to a resistance level that was previously rejected in mid-May.