Paul Barron brings in chart analyst Gareth Soloway to map out where Bitcoin, Ethereum, and gold go from here as markets sell off hard and the AI bubble starts raising eyebrows.
Key Points
Key Highlights:
- Bitcoin is forming a classic bear flag pattern with 60K as the next major test, if that breaks 50K comes into play and a full head and shoulders target points to 35K
- Saylor selling just 32 BTC broke the "never sell" spell, and if Strategy ever faces a real margin call it could be cataclysmic for Bitcoin given the size of their position
- Ethereum's first line of defense is 1,730 with a deeper target of 1,385 to 1,400 if that fails, making anything below 1,500 a starting point to nibble
- The AI stock bubble now represents 42% of total S&P market cap, surpassing dot com era concentration levels, with hedge funds sitting at just 3% cash and no room to absorb a shock
- SpaceX, Anthropic, and OpenAI IPOs are being lined up as potential exit liquidity for insiders, with retail and 401k investors likely holding the bag
- Gold is sandwiched between its 50 and 200 day moving averages with Gareth targeting 3,500 to 3,600 as a flush out level before a long term run toward 10,000 by 2030
Takeaway The crash is not over yet. Key levels are being tested across Bitcoin, Ethereum, and gold simultaneously while the AI bubble quietly sets up what could be the biggest rotation in years. Patient accumulation beats panic selling every time.
