The Bitcoin Layer

The Bitcoin Layer

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The Bitcoin Layer
The Bitcoin Layer
Please sir, one more (thousand)?

Please sir, one more (thousand)?

Tagged $99,000 as of this writing. Let's get into the prices and candles.

Nik Bhatia's avatar
Nik Bhatia
Nov 22, 2024
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The Bitcoin Layer
The Bitcoin Layer
Please sir, one more (thousand)?
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Dear readers,

How does it feel to see bitcoin reach $100,000, or in this case, $99,300? Honestly, I’m numb to it. Without naming names, a few people close to this channel muttered something along the lines of “I can’t believe it,” but my reaction was to admonish instead of sympathize. See, here at The Bitcoin Layer, we’ve practically begged you to prepare for six-figure bitcoin, so its arrival cannot and should not be a surprise. Accordingly, we must take it in stride, and then prepare for what comes next as informed investors.

Today’s trader notes bring you support and resistance levels, trend, and my bias, all while trying to pivot my economic outlook from “good today but bearish tomorrow” to “good today and potentially much better tomorrow.” Let’s get into prices.

Risk management levels

  1. Bitcoin

  2. 2s

  3. 10s

  4. 30s

  5. 2s10s

  6. US dollar

  7. S&P 500


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