$1 Trillion Wiped Out - Bitcoin’s Textbook Correction
When and at What Price Would We Reenter Bitcoin?
👇1-13) Bitcoin follows a textbook Ascending Broadening Wedge pattern, which projects a target price in the low $70,000s. The example we shared with subscribers a few days ago mirrored this setup, showing a double wedge and double top formation before triggering a steeper correction.
Bitcoin’s Ascending Broadening Wedge Patterns of 2017, 2019, 2021, & 2025
👇2-13) Our Bitcoin trend model turned bearish on February 3 near $96,000. While not every signal will be profitable, recognizing trend shifts often separates professionals from retail traders. After all, if you don’t sell high, you can’t buy low.
👇3-13) As we highlighted last week, institutional investors and hedge funds appear to be driving the current Bitcoin ETF unwind. The top ten BlackRock and Fidelity Bitcoin ETFs holders are primarily hedge funds or prime brokers, likely holding these positions on behalf of hedge fund clients.