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Matt Price
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Matt Price
@vMattPrice
Solutions Content Manager @Object_First!! *Thoughts expressed here are my own and in no way reflect official Object First positions.
Kennesaw, GA Katılım Mayıs 2010
764 Takip Edilen754 Takipçiler
Matt Price retweetledi
Matt Price retweetledi

@KinggTrades Exactly.. all these chart idiots thinking history has to repeat precisely as before when worlds have shifted in the past 2 years lol.. have fun getting left behind
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I'm going to be blunt and not feed you hopium.
Here's how I honestly see BTC playing out.
$BTC has been tracking inside the channel of a bear flag since the Feb 6, 2026 low.
I believe it will eventually break down. The question in my mind is not IF but WHEN-- that determines how high we go. How long do we range in this flag before it breaks down?
At this point, I think the absolute HIGHEST price we might see will be around $80k, where the lines converge on the right (the longer, white dotted trend line + the upper range of the bear flag in yellow). To me that is the BEST case scenario at this point, if we are being honest about PROBABLE outcomes. We may not even make it to $80k.
Sure, outlier outcomes exist with small probabilities (such as BTC climbing higher than $80k). For example, maybe the war in Iran suddenly ends and the market breaks upward on the enthusiasm. Even if that happens I don't think it would result in new ATHs for BTC.
On the BTC chart, I drew a teal circle ("LIKELY LOCAL TOP") to show where there are several convergences of key resistance levels and trend lines. Somewhere in here is where I think the BTC top will form. Keep in mind it's a rough sketch. Also, you will note that it is possible the local BTC top could already be in.
THE BROADER MACRO SCENE
Everything in the market frankly looks horrible right now. 1. Oil price is high (bad) due to ongoing war with Iran and the current difficulty of getting oil through straight of Hormuz.
2. The S&P 500 has rolled over and broken below 6520 [see chart #2], a key support level. This is a byproduct of the war situation.
3. Tons of stocks are sitting on the precipice of breaking down from H&S top patterns, or have already done so.
4. The Fed Funds rate continues to be elevated and looks to be for at LEAST 6 more months. Powell has expressed no willingness to entertain lowering of Rates.
5. BTC has been in a bear market since Oct 5. This means only 5 months have elapsed since then. Typical bear markets last 12 months. This means it is LIKELY (not guaranteed) we have at least *some* more bear market to go, purely on a time-basis.
TL;DR: The economic backdrop is BAD. $BTC won't like that, being further up the risk curve than traditional stocks. Eventual break down from the bear flag is LIKELY imo. It's just a matter of how long it holds on for at this point.
We are in a BEAR MARKET. It's doing BEAR MARKET things.


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Matt Price retweetledi
Matt Price retweetledi
Matt Price retweetledi

JUST IN: 🇺🇸 The White House and senators have reached a tentative agreement to resolve the stablecoin yield debate that has stalled crypto legislation, according to Politico.


CoinMarketCap@CoinMarketCap
LATEST: 🇺🇸 Senator Tim Scott says he expects a potential compromise on the issue of stablecoin yield for the stalled crypto market structure bill by the end of the week.
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Matt Price retweetledi
Matt Price retweetledi

@cyptomedic @CryptoLifer33 Would be the surprise of a lifetime if it dips that low with all this insane new flurry of adoption.
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@CryptoLifer33 45-35 long term or over the next month or so? Thoughts?
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Matt Price retweetledi

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