The Bitcoin Layer

The Bitcoin Layer

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The Bitcoin Layer
The Bitcoin Layer
Trading This Bitcoin Bull Market

Trading This Bitcoin Bull Market

Nik Bhatia's avatar
Nik Bhatia
May 09, 2025
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The Bitcoin Layer
The Bitcoin Layer
Trading This Bitcoin Bull Market
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Dear Readers,

Bitcoin is back above $100,000 this Thursday evening after a strong performance all week. After the breakout in the upper $80,000s, we believed the path was somewhat clear to the all-time highs. I am getting a feel for this bull market, and I have three charts to demonstrate my thesis around the future violence of bitcoin price action, and then TBL Liquidity versus bitcoin to bring an interesting short-term observation. Let’s get into some trader notes.


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