The pivot held nicely over the weekend and we retained bullish bias. Stock market futures gapped up Sunday and hit the upside limit Monday. BTC moving in lockstep with stocks, both now hovering at their last local highs:





Anyone ignoring this correlation needs to have their head examined. When stock markets are closed, BTC moves have zero follow-through. When the markets are open, BTC follows stocks. Stocks are currently breaking above their late March double tops, so we could see significant upside in the coming week as trapped sellers and shorters get squeezed. The same goes for BTC.

I still stand by what I said in this post: https://bitcointalk.org/index.php?topic=5196072.msg54149908#msg54149908

I'm seeing more and more calls from bulls expecting the $9,000s or $10K. I personally don't think the 200-day MA and March pivots in the low $8,000s will be so easy to surpass. It feels like bulls are beginning to get greedy. Shorts are being squeezed now, but it feels like we're trapping bulls for later.

And there goes another one right in my thread: