Following up on our Bitcoin Summer theme, here is another week of price action and a drill down on EW counts. What comes next? A run next week to new all time highs generates another set of dual breakouts and would suggest a minimum price objective of $160K by the end of August, which would bring into view an even higher target of $265K end-of-year, 2025. Seems incredulous, but I would save that word for IBIT call options bought next week and held into Labor Day and/or Christmas, placing it into the Bitcoin Hall of Fame of Option Trades.
BTC Daily
IBIT Daily
Options To Buy on A Dual Breakout:
