Bitcoin just cleared the first gate.
Most people think crossing the 20-day moving average is bullish.
It isn't.
The market still has to prove it.
The proof is the retest.
Bitcoin reclaimed the 20-day.
Pulled back.
Held it.
Turned higher.
That's the first genuinely encouraging short-term signal we've seen in weeks.
But don't confuse encouragement with confirmation.
The 200-day still hasn't been reclaimed.
The chart below explains why I call them The Two Gates.
The full framework is in this week's Bitcoin Intelligence Report.
btcintelligencereport.com/latest
Kevin O'Leary has narrowed his crypto portfolio down to just Bitcoin, Ethereum, and stablecoins.
His reasoning? $BTC and $ETH account for about 97% of the market's volatility, so he doesn't see much need to own anything else.
🚨 INSIGHT: Is Bitcoin's bear market entering its final phase?
Real Vision's Jamie Coutts says Bitcoin is likely in the second half of its bear market, with fading downside momentum and a potential path to $200K to $250K.
Market Moves via Cointelegraph Magazine.
USD/JPY is showing signs of repeated intervention style crashes.
The pair just dropped sharply from near 162.40 to 161.90 in 2 hours, then again from 161.80 down to 161.30, both sudden vertical drops.
Japan's currency chief Atsushi Mimura and Finance Minister Satsuki Katayama have repeatedly warned they're watching speculative yen positions, and the market suspects Tokyo has already stepped in more than once without official confirmation.
Intervention data confirming this won't be published until later this month.
BREAKING: The US stock market has added nearly $1 Trillion this week.
Nasdaq 100: +1.69%
S&P 500: +1.24%
The S&P 500 is just 0.50% away from hitting a a new All-Time High.
The main catalyst was the Weak jobs data on Friday, Only 57,000 jobs were added versus the 114,000 forecast. This reduced the expectations of a rate hike, sending tech stocks higher.
Two things to watch next week.
1) CPI data
2) Fed commentary.
If inflation continues to drop, we can easily see US markets hitting a new all time high.
🇺🇸 LATEST: Senator Ron Wyden asks Senate leaders to preserve the Blockchain Regulatory Certainty Act's language, as passed by the Senate Banking Committee, in any floor version of the Clarity Act, per Eleanor Terrett.
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