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00:00 Speaker A
And Mish, I know you’re that you’re watching the technical levels on Bitcoin, as you tend to do with a lot of assets. And so what is that telling you about what we should be watching and where it could be going in 2026?
00:16 Mish
Well, just from a pure technical standpoint, we’re sort of trying to scrape our way back over the 200-day moving average if we’re looking at Bitcoin, and that would be a move over 91,000. I think that would be a sigh of relief to the balls.
00:36 Mish
And if we break down under 85, obviously that would be some trouble.
00:41 Mish
And what’s interesting about the technicals right now, Julie, is that it’s perfectly coinciding with the biggest news that could impact in uh Bitcoin right now, which is that MSCI and uh possibly the S&P 500 and the FTSE are all talking about the potential of removing strategy, Micro strategy, um Michael Sailor’s company from the listing uh on the S&P 500
01:12 Mish
that fate could be decided as soon as January 15th. That would have tremendous implications because essentially, and and by the way, when that news came out, that’s where we started to see the top.
01:23 Mish
That would have the implication would be first of all, a cash removal of 8 to 9 billion dollars for one, but more importantly perhaps, is that all this mass adoption that we just talked about would now come into question as institutional investors would basically be rejecting it.
01:46 Mish
Now, this is very political, some people will say. Goldman Sachs behind it, they may have some reasons, uh it may not even go through, but I think it’s something you have to watch.
01:57 Mish
So coiled spring. If it doesn’t go through, I think we’ll see a massive rally and if it does, that 65,000 may may not even hold.