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Bitcoin Looks To Be Under Serious Accumulation

  • Writer: T. Livingston
    T. Livingston
  • Apr 11
  • 2 min read

The past few weeks have been extremely volatile with all the attention on President Trump and tariffs. One chart that has really caught my attention is Bitcoin. It's just held up phenomenally well. Take a look at Bitcoin next to the S&P 500. We can note how the S&P 500 fell below its' April 2024 low while Bitcoin held above prior resistance of around $70,000. This is a remarkable showing of relative strength.

When we look at the IBIT chart, what quickly catches my eye is the five recent weeks of tight action as the market collapsed. This is an excellent sign of accumulation as it the high volume hammer bar on the weekly chart. All of this points to funds and institutions coming into purchase IBIT.




I currently own Bitcoin / IBIT and will be looking to add to my position as additional buy points set up.


Risk right. Sit Tight.


Full Disclosure: I currently own Bitcoin / IBIT.


Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

 
 
 

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