Anticipating Bitcoin's Recent Rally
by Mike Paulenoff
April 27, 2025 • 10:19 AM EDT
In the early afternoon on April 11, this was my note to our members:
"IBIT (iShares Bitcoin Trust ETF)-- From a trading perspective, anyone who is in sync with the Bitcoin setup might consider owning IBIT (iShares Bitcoin ETF) against a stop below its 4/07/25 low at 42.98 (see my attached Daily Chart below)...The flight out of Treasury bonds and Dollars mostly has redirected capital into Gold, but Bitcoin's relative resilience indicates to me that it is also getting the benefit of inbound capital as well... and if my setup work proves reasonably accurate, will continue to attract inflows in the days directly ahead... Last in IBIT is 46.73... Last in Cash Bitcoin is 82,263..."
During the two weeks-- and multiple follow-up notes-- since I posted the IBIT set-up "heads-up" to our members, BTC has climbed from 82,263 to Thursday's (April 25) high at 95,900 (+16.6%), and IBIT has climbed from 46.73 to 54.58 (+16.8%).
What now? My work argues that the best is yet to come! If my opportunistic setup work dovetails with your interests and research on BTC, individual stocks, market indices, and ETFs, precious metals, oil, etc., join me and MPTraders for our ongoing analysis and discussions at MPTrader.com.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts
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