Bitcoin is showing renewed strength after spending time above the $80,000 level for the first time since May. With the cryptocurrency holding around $79,000 and Bitcoin ETFs recording eight consecutive days of inflows, investors are watching closely to see whether the latest rally has room to run. Key resistance levels around $83,000 and $90,000 are now firmly in focus.
Joining Remy Blaire to break down the move is Bryan Courchesne, founder of DaiM. Reflecting on his previous call that investors could miss the breakout by waiting until October, Courchesne explains why he believes the recent 20% plus rally could mark the early stages of a broader Bitcoin bull market. He also discusses how traditional financial advisors are approaching digital assets and why many model portfolios may still be underexposed to Bitcoin.
Courchesne also shares his short term outlook for Bitcoin, including the possibility of a pullback before another move higher. He weighs in on Bitcoin treasury companies, the risks of leverage and debt, and why investors need to think carefully about the appropriate size of their crypto allocation. Is the crypto winter officially over? Courchesne believes the latest move could be the transition from a bear market to a new bull cycle.