The Bitcoin Setup Nobody Wants to Believe

John Gillen discusses Bitcoin’s quiet price action, expecting a short-term bearish rejection after a possible bounce, while remaining long-term bullish due to undervaluation and accumulation. He covers the Clarity Act’s chances, a dovish Fed outlook supporting the S&P 500, and recommends pivoting from AI stocks into crypto. He also highlights Ethereum’s institutional adoption and his own buying strategy. - Bitcoin likely to retest resistance then break lower in the near term (bear flag). - Long-term Bitcoin bullish: undervalued, major asset managers shifting to 'how much to buy', Clarity Act could be a positive surprise. - John has been accumulating Bitcoin and Ethereum on dips. - Fed seen as unlikely to hike rates, next move may be a cut, which is supportive of risk assets and the S&P 500. - Advises rotating from AI stocks into crypto ahead of the next bull cycle. - Ethereum gaining institutional traction via Ethereum Institutional outreach. - Broad crypto adoption noted, with Standard Charter’s $4T on-chain estimate by 2028.