Bitcoin has hit a new nominal high and entered a parabolic feeding-frenzy move with straight-up bars that make Rilion nervous; after the gap-up and pullback, it is now consolidating in a bull flag / pennant pattern, which if it resolves upward could push Bitcoin to $100,000, but the structure is similar to overbought consolidations that often precede sharp reversals.
factualpending
Speaker
Chris RilionEvidence Quote
“parabolic kind of feeding frenzy These Bars that go straight up... when something goes straight up and it's headline news and everybody is talking about it uh it makes me nervous... could go up to 100,000 uh dollars... per Bitcoin um fairly easily”
Source
Will the S&P 500 Crash By 50%? How Gold Could Protect Your Portfolio | Chris Vermuelen— WealthionCreated: 8/10/2026, 11:07:32 PM
My Notes
Loading notes...