“We’re doubling down on iShares Bitcoin ETF (IBIT) in both our growth portfolios,” Gordon writes. “The setup across fundamentals, macro trends, and technicals is just too strong to ignore, so we’re upping our allocation. This is not the time to sit on the sidelines.”
What’s fueling this bullish call?
- Institutional investors are piling in,
- macro conditions remain constructive,
- and regulators are finally starting to come around.
Take IBIT, for example: in just 341 days, it’s pulled in $70 billion in assets—over five times faster than the legendary SPDR Gold Trust (GLD) did at its peak. That’s not just a stat, it’s a signal: big money is flowing in at an unprecedented pace.
Meanwhile, Michael Saylor’s Strategy (formerly MicroStrategy) has amassed 582,000 BTC and shows no signs of slowing down. As for the broader macro picture, stable Treasury yields and expectations of a Fed rate cut only reinforce the case for risk-on assets like Bitcoin—especially with the dollar feeling the heat from recession fears.
Upcoming U.S. stablecoin regulation is also a major plus. With Congress gearing up to vote on the GENIUS Act, trust in crypto is rising, and more companies are eyeing Bitcoin for their corporate treasuries.
The technicals? On the weekly chart, Inside Edge’s analysis shows a solid uptrend since late 2022. The Average Percent True Range (APTR), which tracks 10-week price swings, is sitting at 8.5%—right as Bitcoin tests resistance at $110,000. Gordon notes that low volatility plus triple resistance on the daily chart could be the calm before a serious storm.
“My target is $135,000, lining up with a 100% Fibonacci extension,” Gordon says. “We’ve got 3% of our Tactical Alpha Growth and 3.5% of our Active Opportunities Portfolio in IBIT, and we’re set to push those both past 5%.”
As of now, Bitcoin trades around $109,531 (TradingView). And for those wondering if this is just another spike, recall that BitMEX’s Arthur Hayes is even more bullish, calling for $250,000 this year and a shot at $1 million by 2028.
BTC/USDT daily chart: pressure builds at $110K