Happy Tuesday!

Bitcoin is getting rejected at $77,000 and that’s a critical signal for the bear market rally: the same happened back in 2022 — and here’s what came next.

Bitcoin miners may be a better bet, according to Bernstein. Here’s why the asset manager says AI deals are bullish for them.

Plus, AMD exploded after earnings and semiconductor momentum has pushed indexes higher. Now NVIDIA reports after the close tomorrow and the results could significantly swing the markets momentum. Join Chris Capre live after Nvidia reports as he breaks everything down from setups, volatility signals, and positioning shifts. Reserve Your Free Spot

TOP STORY

Bitcoin Down To $77,000 At Key Resistance Level: What Is Going On?

Bitcoin $BTC is below $77,000 after getting rejected at the 200-day moving average — the same ceiling that ended bear market rallies in May 2018, March 2022, and now May 2026.

Analyst Benjamin Cowen sees two paths from here, both ending in a Q4 low: the bearish route sweeps February lows into June before a dead-cat bounce in July-August then another drop into October; the bullish route holds into June then rallies to the 0.382 Fibonacci level near $85,000 before selling off into Q4 — a level Bitcoin has tagged after every major drop in 2014, 2018, and 2022 without exception.

The 20-week moving average at $75,000 is the immediate support after 200-day MA rejections in prior bear cycles.

SPECIAL OFFER

NVIDIA Earnings Could Trigger The Next Major Move in AI & Semis

AMD exploded after earnings and semiconductor momentum has pushed indexes higher. Now NVIDIA reports after the close tomorrow and the results could significantly swing the entire market. Chris Capre is going live immediately after earnings to break down the setups, volatility signals, and positioning shifts he’s watching in real time. If AI momentum accelerates again, traders need to be prepared before the next session opens.

QUICK N DIRTY

Bitcoin, Ethereum, XRP ETFs are seeing significant action: Goldman Sachs on Monday announced it’s abandoning some positions and cutting exposure elsewhere.

Kevin O’Leary says Bitcoin is speculative, but stablecoins have real value. Makes sense, doesn’t it?

Marjorie Taylor Greene has endorsed Thomas Massie for the Kentucky primary — but prediction markets say that’s a bad move.

FINTECH FOCUS

Bitcoin Miners Will Gain From AI Deals, Bernstein Says: The Tickers To Watch

Bernstein just handed four Bitcoin miners Outperform ratings — and the price targets are aggressive.

IREN gets a $100 target implying 98% upside, CleanSpark gets $24 for 78.5% upside, Riot Platforms gets $25 for 7.8% upside, and Core Scientific gets $24 for 1.8% upside — all anchored to the same thesis:

Bitcoin miners now control more than 27 gigawatts of planned power capacity and have become embedded in AI infrastructure at a moment when securing a single gigawatt takes nearly 50 months across U.S. markets.

More than $90 billion in AI deals covering 3.7 gigawatts have already been signed across hyperscalers, neoclouds, and chip providers.

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