Bitcoin and crypto have been very weak and choppy. However there are glimmers of hope suggesting Bitcoin is going to go on a small rally/run.

On the weekly chart we are retesting the major high pivots from 2021. If we get through the first pivot resistance we should have a quick $5k move to the next pivot.

A 7/20 MA bullish crossover on the daily chart is about to occur. This is the second bullish cross during this consolidation pattern which is where the larger move usually occurs.

BTC has been heavily correlated to IGV software and recently software has broken out to the topside and been very strong pushing the S&P500 to new highs.

I'm long IBIT calls.