Bitcoin is cooked; stick a fork in it. Keystone is spouting blasphemy! The charts are the charts, folks, no need to become emotional. Keystone posted the bitcoin chart in early June calling that top (late May early June) but if you went to the can, bitcoin was rallying again before you got back. It was only about a month-long slump that did not amount to much because the King Donnie bitcoin and crypto legislation party was announced.
That is the big upside price candlesticks in late June and as the calendar changed to July. Charts can only price-in all information, including insider information since the stock trade data does not lie (watch what they do not what they say), up to the minute. If new news hits the wires, the charts have to price in the new information. That is the story over the last 6 weeks. Bitcoin was set up to lay an egg but was given a reprieve by the Grifter-in-Chief.
King Donnie is into the meme coin and crypto hype bubble because he and his family are grifting off of it. Even First Lady Melania stoops low having a crypto coin with her namesake. The US devolves from the Biden family grift and lies to the Trump family grift and lies. Such is the crony capitalism system in its last throes.
Anyhoo, the expectation, since the chart was set up to fail in June, is that it will reset negatively once the latest hype news is priced in. Honey, we're home. Bitcoin has arrived back at the top and a multi-week slapdown is on tap for bitcoin going forward.
It is interesting that Keystone's 80/20 Rule plays out again. Price seeks 2's once it prints 8's on the way up and 2's seek 8's on the way down. When bitcoin closed above 80K it opened the door to 120K which occurs. The 118K opened the door to 122K which occurs.
The RSI, stochastics and money flow were all overbot agreeable to a spankdown going forward. The red rising wedge pattern is bearish. The red lines clearly show universal neggie d across all the chart indicators. Sadly, for bitcoin, it is time for Chopin.
Note the volume candlesticks and how the interest in bitcoin has fallen off a cliff over the last year. The volume activity, however, has been consistent over the last 4 or 5 months as traders jockey for position as new crypto legislation is assessed. The two circles show massive distribution weeks over the last 6 weeks. That is the so-called smart bitcoin money cashing-out as they no doubt on television tell the sucka's to buy, buy, buy. Every top needs a bag-holdin' sucka; is it you?
Price has violated the upper band so the middle band at 105K and lower band at 80K, and rising sharply, are on the table. Price is extended above its moving average ribbon so a mean reversion lower is needed.
The ADX verifies that bitcoin is no longer in a strong uptrend. The pink boxes show strong trends higher in bitcoin in early 2024 and again in late 2024 into early 2025 but that was all she wrote. Despite the record price highs, the ADX says the multi-week rally is no longer a strong trend higher.
The Aroon shows 100% of the bitcoin bulls continue believing that bitcoin will go up forever. The red line indicates, humorously, that over 70% of the bitcoin bears also believe bitcoin will go up forever. This is a contrarian indicator that verifies the overhyped euphoric bullishness in bitcoin right now (everyone is on one side of the boat partying like its 1999).
King Donnie already hyped crypto with the new legislation and ideas so there is no expectation that bitcoin would be stick-saved again but the orange one will probably try to keep bitcoin afloat with jawboning once it starts dropping. A multi-week spankdown is about to begin so plan accordingly. She will probably drop to the 80K-100K range over the coming weeks. The all-time record high for bitcoin is 124533 on Thursday, 8/14/25, only 3 days ago.
Well, what do you think? Is Keystone full of sh*t or are you nervous for shoving bitcoin into your pockets over the last month like a greedy fool? You bragged to pretty Emily, the administrative assistant at the office, that you are a bitcoin guru but she laughed in your face proclaiming that she would never go out with a man that did not respect the neggie d on the weekly. Keystone is shorting bitcoin via ETF's as per the chart above. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Monday Evening, 8/25/25, at 7:51 PM EST: Bitcoin drops to 109K now at 110K. Bitcoin will likely have a relief rally on the daily basis for a few days but then will roll over again and seek lower prices on the weekly basis (weekly chart indicators are weak and bleak). Keystone's 80/20 Rule says 8's lead to 2's on the way up and 2's to 8's on the way down. Bitcoin breached 112K so 108K is on the table. After that, see if 102K occurs since that will open the door to sub 100K prices targeting 97K-98K and probably lower.
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