You say tamatoes I say tomatoes on that one. Its due a retrace...

You say tamatoes I say tomatoes on that one. Its due a retrace to retest and it will.

Bitcoin is an indicator of market liquidity. The exact same driver of equity markets which are at all time highs globally.

If there was so much global economic and geopolitical doom, then equity markets would be selling off, yet they are not. When liquidity disappears, then both will reverse. Its a very big election year!

PMs are not driven by liquidity, they are driven by real rates primarily and partially by the ascent or descent of the USD. The only time liquidity is an issue with PMs, is when hedge funds need to liquidate holdings quickly to cover positions. Like in '20.

That aside, the Silver chart clearly shows major resistance just above, so regardless of the tangential argument of Bitcoin, that resistance is a fact and should be considered, not disregarded.