Bitcoin is pumping again, and Lark Davis is fired up. With talk of new stimulus checks and meme coins making headlines, he dives into what’s driving the momentum, what the charts say, and where things could go next.

Key takeaways from Lark's outlook

Key Highlights:

  • Bitcoin just bounced from what Lark calls a “flush bottom” around $108K - and it’s moving fast despite the government shutdown.

  • He jokes that if Trump sends out $2,000 stimulus checks, retail will flood back into the market and start chasing dog coins again.

  • Lark sees potential for a bull flag forming near the $120K resistance zone, and says a breakout above $125K could send BTC toward new highs.

  • Ethereum is testing a long-term downtrend line, with momentum indicators like MACD and RSI turning bullish. He expects a breakout to lead ETH back toward $5,000.

  • XRP is breaking out of a descending wedge - a pattern that could push it toward $4 if confirmed with strong volume.

  • Altcoins like Cake, Astar, and Solana are showing strong setups, with Lark highlighting Cake’s coiling triangle and a possible move to $6 if momentum holds.

  • He notes that many alts are still well below prior highs, and says people have “forgotten how to dream” during this cycle - but some charts are beginning to wake up.

  • Lark also gives a quick market tip: don’t ape into resistance - wait for breakouts instead of guessing.

Final takeaway
Lark remains bullish heading into Q4, especially if we get a risk-on environment with more stimulus hype and fewer macro headwinds. He’s watching for Bitcoin to hold above key moving averages and says if history repeats, we may be looking at the start of another big run.

Benjamin Cowen – The Labor Market and Bitcoin (03.10.2025 Summary)
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Benjamin Cowen – The Labor Market and Bitcoin (03.10.2025 Summary)