Ledger Cast Asks Whether Bitcoin's Top Is In

Bitcoin's recent price action has left traders with more questions than answers, and the hosts of the Ledger Cast podcast spent an episode trying to sort them out. Brian Krogsgard and Josh Olszewicz asked whether the market has already put in its top for the next few months, and what the chart might do from here.

Their central point is that the chart is crowded with price levels, which makes a clear direction hard to read. In their view, the picture doesn't come into focus until Bitcoin moves back above roughly $11,500. Until then, many of the levels look like competing signals rather than a trend.

The conversation also touched on a few adjacent topics. The hosts debated exponential moving averages against simple moving averages, a long-running argument among chart-focused traders over which one reacts faster and which one filters out noise better. They also discussed Zcash, and Josh shared his price analysis of Monero following a hack on that network.

The episode also pointed to the political backdrop. Its show notes link to a full congressional hearing on Facebook's proposed Libra stablecoin, with expert witnesses, and to a congressman who used the term "shitcoin" in public. The notes also reference a tweet from President Trump about bitcoin, though the episode page does not spell out what it said.

Ledger Cast is produced in partnership with Brave New Coin, a market data provider that tracks more than 1,500 digital assets across 250-plus exchanges. The hosts stressed that nothing in the episode is investment advice, and that listeners should do their own research before buying anything.