- As a reminder, the bitcoin Accumulation Program is a process attempting to assess and communicate the attractiveness of bitcoin’s price. Basically, we are trying to determine good times to buy or add positions in bitcoin and to help understand what is happening with the price of bitcoin on a weekly basis.
The goal of this approach is to help make investors feel more comfortable with a long-term perspective when approaching a very volatile asset by providing a logic-based accumulation approach. Read our last analysis from last week here, and for more overall information on our bitcoin Accumulation Program, watch our overview video here.
What the Indicators are Telling Us This Week
- Trend: The Trend Score (middle study, yellow) is negative
- Cycle: Signaled a potential bottom previously (bottom study, green line) and is currently neutral
- RSI: RSI (top study, blue line) currently neutral
- Distribution Range: bitcoin Is clearly out of the multi-year uptrend defined by the range
- Trading Range: After previously breaking above the tight trading range of the past eight weeks (between 85,000 and 94,000) two weeks ago, bitcoin is now trading slightly below the range.
Chart of bitcoin ($BTC) produced by Kevin Grimes
Conclusion: The last bullet point is the most important. If bitcoin can find support soon then we can argue that the trading range is expanding a bit. However, a move lower from here would infer that the decline that started in October has resumed, and the path of least resistance in that scenario would be lower prices still. Until this is resolved we recommend investors take a defensive posture and wait before allocating new capital to bitcoin. If negative trends accelerate from here then a negative rating would be warranted. It is time to be patient for now.
OVERALL SCORE (1 – 7 Scale): 4 // Neutral
read Previous Bitcoin Diaries
- Bitcoin Diaries 1/23/26
- Bitcoin Diaries 1/16/26
- Bitcoin Diaries 1/9/26
- Bitcoin Diaries 12/12/25
- Bitcoin Diaries 12/5/25
- Bitcoin Diaries 11/21/25
- Bitcoin Diaries 11/14/25
- Bitcoin Diaries 11/6/25
Important Disclosures:
This Cryptocurrency article is for informational purposes only. Past performance is not indicative of future results. Crypto is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography (i.e., a method of protecting information and communications with codes) to secure online transactions. Unlike conventional currencies issued by a monetary authority, cryptocurrencies are generally not controlled or regulated, and their price is determined by the supply and demand of their market. Cryptocurrency is currently considered to be a speculative investment. Please Note: Investment in cryptocurrencies is subject to the potential for liquidity constraints, extreme price volatility and complete loss of principal. Moreover, you should not assume that any discussion or information contained in this document serves as the receipt of, or as a substitute for, personalized investment advice from Grimes. A copy of our current written disclosure Brochure discussing our advisory services and fees is available upon request or at www.grimesco.com.
