Bitcoin Price Update: Bull Trap or Next Rally? + Nvidia Warning Signal

Bitcoin is approaching a make‑or‑break level, and the chart is sending mixed signals. In this video, I/O Fund Portfolio Manager Knox Ridley breaks down Bitcoin’s three‑day chart using Elliott Wave theory, outlining two critical scenarios traders need to watch right now. If Bitcoin breaks below $64,861, the current move is likely a corrective bounce within a larger downtrend—potentially sending price down toward the $54,000–$48,000 range, where long‑term accumulation opportunities may appear. However, if Bitcoin can hold support and form a leading diagonal, we could see one more push toward $85,000, signaling the early stages of a new uptrend. He also dives into Nvidia (NVDA) and highlights a bearish divergence versus the semiconductor ETF SMH, which remains significantly above its October highs. This kind of divergence has historically been an early warning sign of trend exhaustion, especially if key levels around $197–$187 break to the downside. Join Premium: https://io-fund.com/premium-services-pricing?utm_source=yt_video_knox Get insider-level stock analysis and market insights focused on AI stocks, top-performing tech companies, and growth stock investing. Sign up FREE: https://io-fund.com/free-stock-analysis?utm_source=knox+youtube+webinar+clips Learn more about Knox Ridley and the I/O Fund: https://io-fund.com/?utm_source=yt+video+knox Follow Beth Kindig and the I/O Fund for the latest news briefs and insights on AI, semiconductors, and disruptive tech trends. Twitter: https://twitter.com/Beth_Kindig LinkedIn: https://www.linkedin.com/in/bkindig/ #bitcoin #bitcoinanalysis #nvidia #nvidiaanalysis #technicalanalysis