Sept 21: Craig Cobb's $83K Level Breaks as Shorts Get Crushed. Bitcoin Rips Above $85K!

Sept 21: Craig Cobb's $83K Level Breaks as Shorts Get Crushed. Bitcoin Rips Above $85K!

Bitcoin surged above $85,000 after finally clearing the roughly $83,000 level that both Matt and Craig Cobb have been watching. Craig explains that the breakout does not automatically create a monthly Bitcoin uptrend, but it does eliminate the existing downtrend and moves Bitcoin into a no-trend higher-time-frame structure. Total crypto market cap had already made a similar breakout, while Solana and other major altcoins are showing stronger cyclicity and trends. Matt's next question is whether roughly $83,000 can now become support.


The rally was supported by falling oil prices, a retreat in the 10-year Treasury yield, renewed ETF inflows and a huge short squeeze, with about $648 million in crypto shorts liquidated. Beyond price, Coinbase is seeking approval for single-stock perpetual futures, ZetaChain voted to wind down its Layer 1 and migrate to Solana, the CFTC is moving ahead with crypto rulemaking after CLARITY failed, and Polymarket is facing serious questions over fraud and compliance. Matt remains constructive but cautious, arguing that the breakout becomes significantly more convincing if Bitcoin can turn the low-$80,000 range from resistance into support.


Happy HODLing



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Episoder(855)

Sept 18: Bitcoin Pushes Back Toward $78K as Wall Street Moves Deeper Onchain

Sept 18: Bitcoin Pushes Back Toward $78K as Wall Street Moves Deeper Onchain

Bitcoin moved back toward $78,000 as spot ETF flows returned to positive territory, although Matt argues the market remains sideways rather than in a confirmed recovery. The bigger structural story is...

18 Sep 24min

Sept 17: Bitcoin Holds Near $77K After the Fed Hike as Institutional Crypto Keeps Expanding

Sept 17: Bitcoin Holds Near $77K After the Fed Hike as Institutional Crypto Keeps Expanding

Bitcoin remained around $77,000 after the Federal Reserve delivered its widely expected 25-basis-point rate hike, with Matt arguing that the decision itself had already been priced into markets. The m...

17 Sep 12min

Sept 16: The CLARITY Act Failed. Trump Gave Democrats the Political Opening They Needed.

Sept 16: The CLARITY Act Failed. Trump Gave Democrats the Political Opening They Needed.

The Senate failed to advance the CLARITY Act in a 49-50 cloture vote, well short of the 60 votes required. Democrats centered their opposition on ethics concerns surrounding President Trump's crypto b...

16 Sep 24min

Sept 15: Bitcoin Slips Below $77K as the 10-Year Breaks 5% and CLARITY Faces Its Big Vote

Sept 15: Bitcoin Slips Below $77K as the 10-Year Breaks 5% and CLARITY Faces Its Big Vote

Bitcoin slipped below $77,000 as the 10-year Treasury yield moved above 5%, oil remained above $100 and markets heavily priced a 25-basis-point Fed rate hike for Wednesday. ETF flows have also weakene...

15 Sep 13min

Craig's Biggest Trade This Week Is Staying in Cash

Craig's Biggest Trade This Week Is Staying in Cash

Craig starts the week largely in cash after last week's CPI and PPI volatility produced a massive Bitcoin whipsaw capable of stopping out traders on both sides of the market. Bitcoin remains consolida...

14 Sep 5min

Sept 14: Bitcoin Holds Near $78K as Oil, Yields and AI Fears Hit the Markets

Sept 14: Bitcoin Holds Near $78K as Oil, Yields and AI Fears Hit the Markets

Bitcoin remains around $78,000 as oil trades above $100, the 10-year Treasury yield flirts with 5% and markets prepare for Wednesday's Fed decision. Matt remains cautious on Bitcoin's near-term outloo...

14 Sep 21min

Sept 11: Hot CPI, $100 Oil and 5% Treasury Yields, So Why Did Bitcoin Jump?

Sept 11: Hot CPI, $100 Oil and 5% Treasury Yields, So Why Did Bitcoin Jump?

Bitcoin reversed sharply from roughly $76,000 to above $78,000 even as August PPI rose 5.4% year over year, CPI increased 0.4% for the month, oil remained above $100 and the 10-year Treasury yield app...

11 Sep 15min

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