The smart guys who remain badly trapped in bitcoin at much higher prices are doing their best to milk this rally for all it’s worth. That means resisting the temptation to unload with bitcoin trading nearly 65% above its November lows of around 15,000 . They have not been putting much pressure on it or breaking ranks, which shows how disciplined they are. Many Robin Hoodies, Antifa thugs and Wired subscribers have doubtless been praying for a rally that would reduce their losses from catastrophic to merely horrific. However, the smart guys know that if they can waft this hoax high enough – 35,000 would be my guess — millions of erstwhile losers will turn from prayerful and contrite to hopeful, and, ultimately, greedy. At that point they will be imagining that new all-time highs are not merely possible, but likely. That’s how it works, so expect a push next week, on gossamer volume, toward the 32,354 peak recorded last May. There is a voodoo number at 28,779 where you could attempt intercepting this projectile, but don’t fight the rally too aggressively. ______ UPDATE (Feb 25): Bertie effortlessly marked time last week, thumbing its nose at broad weakness in the stock market. Not only is it capable of catapulting itself to 32,354 (see above) at the first opportunity (i.e., when stocks reverse), it could swoon below 20,000 without a twinge of concern or discomfort.