Last month, when I did my bullish Bitcoin Going to Blast post, folks must have thought they were at the wrong website. I predicated the whole thing on the simple BITO chart, which has, in fact, blasted higher.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_BITO-640x343.jpg)
The broader story can be seen by way of $BTC which is basically moving up thousands of dollars a day at this point. It’s like 2021 all over again.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_BTC-1-1-640x343.jpg)
I was curious what the Layered Chart of BTC and SPX would look like. It’s quite a study! They tracked very closely for years, but in early 2023 BTC fell out of favor. It is doing some serious catching-up right now.
![](https://slopeofhope.com/wp-content/uploads/2023/12/layeredETH_SPX-640x343.jpg)
And how do the former owners of FTX feel about this resurrection of the entire crypto space? I’ll let Barbara Fried’s face do all the talking on that one.