BRTI – CME Bitcoin Index (Last:76,506)

Bitcoin is still on a buy signal from 67,379, although the pullback I was looking for to reload has mutated into a lunatic-powered bender. Is Trump more bullish for cryptocurrencies than Harris would have been? Probably not. It’s more a case of everything being bullish for bitcoin at the moment.  The chart says nothing can prevent it from achieving the 84,634 target shown. Beyond it lies a roundest-of-all-numbers benchmark at $100,000 that every crypto crazy has dreamed about for years, even after prices collapsed in 2022 from a then-record 68,964 to 15,484. Enjoy the show and use my bullish targets to book profits on the way up (and to get short sometimes). However, no matter how high it goes, don’t lose sight of the fact that bitcoin has no real value other than to speculators.