BRTI – CME Bitcoin Index (Last:29,393)

Bertie appears bound for the 31,473 target shown in the chart. My hunch is that bitcoin’s handlers are intent on pushing it up to 40,000.  That, in my estimation, is where losers trapped in positions acquired at much loftier levels will turn greedy. Which is to say, instead of praying for an opportunity to get out for ‘even’ or a small loss, their fevered brains will begin to envision a move up to the fantastical levels bandied around when crypto hubris was peaking at the beginning of 2022.

This will be bitcoin’s last appearance on the touts list, at least for the foreseeable future. Only 13 subscribers voiced an interest in keeping it — well shy of the 25 votes I had stipulated. Although there evidently is casual interest in BRTI, only one of those who spoke up has mentioned it by that symbol in the chat room, and even he did not comment on a string of dead-center-bullseyes I’d touted that would have been most useful to crypto traders.

I will continue to respond in the chat room to queries concerning BRTI (or any other vehicle that tracks bitcoin and can be charted), and I am open to restoring it to the list if the very muted bitcoin chatter in the Trading Room rises to a din. Bring me a whole bunch of new, presumably young, subscribers who are gung-ho on bitcoin, and Bertie will be restored pronto.